30 Oct Unit 4_MT497_Assignment
13752Changing to a Virtual Operation
Evaluate information management, planning, operations and control in business environments.
Scenario:
As the president of a large company post-pandemic, you and the board of directors have decided to change the business from a brick-and-mortar operation to a completely virtual operation. The key objective is to substantially reduce the company’s fixed costs and presumably some variable costs. How would you go about planning and executing this strategy?
Research the company thats attached for this scenario, via their website and reputable news sources.
Then evaluate the following elements for your assigned company:
Checklist:
-Information management: In today’s rapidly changing environment, technology and information management should be a key consideration for senior management.
Data requirements: Evaluate the types of data required to determine which employees are the most likely to stay as virtual employees versus traditional/on-site employees. Decide how you will collect this data and specify which department would typically be responsible for the analysis and recommendations.
Analytics: Decide the type of analytics preferred to determine how many new employees will need to be hired if some employees do not want to work from home.
-Planning and operations: Planning determines future action. Although planning cannot tame a turbulent environment, it can evolve and provide a foundation for employees to follow and embrace shared goals. Planning and operations should be synced up to ensure the proper inventory is on hand to meet demand.
Planning: Determine how the company’s existing mission, vision, strategy, and value chain will evolve during this organizational restructuring.
Operations: Determine a typical manufacturing layout based on your research. If your company is services-based (non-manufacturing), explain how you will leverage technology and customer service to benefit the processes in a virtual environment.
-Control: Control (includes policies, procedures, and financial control) must be balanced between quantitative data and qualitative data. Think through a balanced approach.
Policies: Specify the HR policies you would use to enact this change.
Procedures: Specify the HR procedures you would use to enact this change.
Financial control: Evaluate the financial metrics that need to be monitored during this organizational change.
Respond to the checklist items in a Microsoft Word document in a minimum of 3–4 pages with additional title and reference pages using current APA format and citation style
Assignment resources:
Euromonitor International website: Euromonitor.com
European Union website: https://europa.eu/european-union/index_en
Globaledge from Michigan State University: globaledge.msu.edu
International Monetary Fund: https://www.imf.org/en/Home
International Trade Administration: Top Markets: https://www.trade.gov/top-markets
U.S. State Department: Country/Area reports: https:www.state.gov
*This is an expository essay assignment. Please don’t use any tables.
*This assignment will be submitted to Turnitin™.
*Please refrain from using AI.
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