Assume you are the CEO of a bicycle manufacturing company that has been acquired in a hostile takeover by a competing firm. You have been retained as the CEO of the acquired company to ensure the transition goes smoothly. Your challenges are to reduce the cost of manufacturing, cut staff, and integrate the parent-company’s employees into your division. From an organizational behavior perspective, outline and explain your decision-making actions regarding the areas listed below:
- Employee relationships and integration,
- Technological changes,
- Globalization, and
- Retention of employee talent
Introduction
A leader in the company may face several challenges. The role of the leader in the company must be streamlined to overcome these challenges. Being a chief executive officer of the manufacturing company, I have to play the role of the leader. Reducing the manufacturing cost and executing better employee strategies are the main intentions to stay relevant in the industry and get an edge over other rivals. Decision-making actions are to be streamlined regarding the Employee relationships and integration, Technological changes, Globalization, and Retention of employee talent.
Employee Relationships and Integration
The leadership team can play a role in building and maintaining employee relations in an effective manner. For Instance, it seems imperative to earn the employee trust. It is essential to be open and honest regarding several changes in the manufacturing company (Zbierowski, 2016). Employees usually have a positive perception when the management depicts an open relationship with them. The best thing that the administration can do is the delegation in the work process and decision-making. Meeting what is necessary for employees in the manufacturing company is a significant achievement. Relationships and integration can be done effectively through better engagement & delegation, work safety and friendly work culture (Deepika & Sampurna, 2018).
Technological Changes
The manufacturing company must evolve with time. For Instance, it seems necessary to identify the change need regarding technology. Being a CEO of the company, I predict modern manufacturing industry trends. New quality standards and measures are to be developed by embracing the latest technology. Also, new technology or pertinent technology integration can open ways to reduce the cost. The manufacturing company can cause advanced technology as a critical strength or capability to set the low-cost structure. Technology integration is a good move for the company to get rid of the traditional work process. Interestingly, it can reduce the workforce at the workplace, and ultimately, it can create an impact on the overall business cost. The technology integration or adaptation is purposeful, as it eliminates the people’s cost. The cost of machines in this manufacturing industry is less than the worker’s cost in daily operations, and it is beneficial for the company. The critical decision is to identify tech champions in the organization. For Instance, the firm can derive a pool of employees that embrace the technology with no resistance. Creating the urgency before making this technological change is a better approach to make the difference (Liao & Tu, 2008).
Globalization
Reducing the cost of the manufacturing process in the global manufacturing industry is essential due to significant impacts. For Instance, being a leader in the company, I am quite aware of different manufacturing trends. Global manufacturing is depicting advanced manufacturing approaches. I am interested in enabling autopilot as a critical manufacturing approach. Automation through robots can be seen in the global industry. Thus, with these trends and pertinent integration, the firm must focus on neglected markets, which are undone by competitors. Low-cost bicycles are the need of developing countries. Global manufacturing trends can help to offer inexpensive outputs to customers (Liao & Tu, 2008).
Retention of Employee Talent
Retention of employee talent seems mandatory. Already, the firm has decided to cut employees to reduce the business cost and increase profit margins. The management has to provide different opportunities for employees to learn and grow with time. Making an employee the asset of the company is a prominent trait. Every employee needs frequent work appreciation and reward in the workplace. An increase in the employee facilitation and rewards can enhance the visibility of attraction and retention (Deepika & Sampurna, 2018).
References
Deepika, P., & Sampurna, R. (2018). Talent management and employee engagement – a meta-analysis of their impact on talent retention. Industrial and Commercial Training, 50 (4), 185-199.
Liao, K., & Tu, Q. (2008). Leveraging automation and integration to improve manufacturing performance under uncertainty: An empirical study. Journal of Manufacturing Technology Management, 19 (1), 38-51.
Zbierowski, P. (2016). Positive Leadership – Attempt To Clarification And Assessment Of Novelty. Journal of Positive Management, 7 (4), 61-70.
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