Assessing Organizational Governance and Leadership
Assessing Organizational Governance and Leadership
This week we peel away the outside layers and look inside the organization with an assessment of GE’s (General Electric) internal environment. Remember, the goal is to: First – locate, convey, and explain the KEY information critical to understanding these elements of the organization Next – assess those findings and make a definitive and evaluative determination as to their strategic impact on GE as an organization. The applicable elements to consider in the preparation of the internal environmental evaluation include the following: organizational culture / human resource management processes financial management marketing efforts organizational structure Analyze the culture / human resource management processes at GE Is it strong or weak? Does it help the company or is it a liability? What role does the culture play in creating (and/or sustaining) the competitive advantage(s)? Are they effective at acquiring, growing, and retaining talent? Are there practices in place (potentially connected to the culture) that help to build an effective organizational team – or is the organization nothing more than a collection of employees? Analyze the marketing practices and management of GE. Do they understand (well) their customers – worldwide? What trends do they need to be aware of – and do they market (well) to those trends? How effective has their ‘crisis communication’ been? Are their marketing practices in line with the rest of their approach to operational approach? Analyze the structure of GE In its current form, understanding the need for strategy/structure connectivity Is it effective in supporting the strategic initiatives? Should any changes be made to the structure – given their current strategy – to create a better strategy/structure connection? Analyze the financial situation of GE Compute the applicable key financial ratios for GE and compare the results to either (both) industry standards and their competitors Liquidity and profitability Gross profit Operating expense ratio Inventory turnover ratio Quick ratio ROI Debt to equity Earnings per share (EPS) How effective is GE comparatively? Are there any changes to GE’s financial management practices that would help to better manage their financial position? Perform a VRIN test on these internal elements of GE’s operations In your opinion, and based on your analysis so far, what is/are GE’s competitive advantage(s)? How/what would you describe Disney’s current business model to be? Complete the Internal Factors Analysis Summary (IFAS) Table for the company (see IFAS Table attached) – for the selected elements Provide a brief but complete evaluative discussion of the table’s components and your analysis if its contents Using those Strengths and Weaknesses – speculate on some Opportunities (and Threats) that face the organization Think through the answers to these questions – and then logically organize your researched findings, your support, your evaluations, and your conclusions.
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