REFER TO THE CASE STUDY BELOW, â€˜BB Hi-Fiâ€™ AND ANSWER THE FOLLOWING QUESTIONS 1. Identify at least 3 challenges the organisation faces. The three challenges that the organization faces, first is the financial challenges because the recruiting costs are increasing because their staff turn-over are increased. Every year they added new products, this means another costs for the face to face training and because other retailers are offering higher rates to their sales people, BB Hi-Fi needs to pay a higher rate too to avoid left behind from the market. The second challenge is the increasing of their competitors. It is possible that competitors are cheaper from their products or brand and they lose their customers. The employees might be moving to their competitors if the competitors are offering a high rate to their staff or employees. The third challenge that BB Hi-Fi facing is the falling of staff satisfaction. Their staff needs more working hours and looking for some career pathways. 2. Develop a SWOT analysis for the organisation. Strengths Business experienced Strong customers based Recognized or established business Domestic market Weaknesses Un-satisfaction of the staff or staff satisfaction is falling Turn-over of the staff is high Competitive market Opportunities New technology Open new shop/store in some other places New line of products New market Growing demand Treats Competitors Staff are moving to competitors Rising cost of new brand Technology are changing Prices changes – 3. Describe the opportunities for change you propose for each challenge or problem you have identified in Question 1. – A tough decision to make for BB Hi-fi to overcome financial challenge. Maybe they can think of debt financing like loans, or update all their budget based on the costs as this will help to identify how much they actually need. – BB Hi-Fi knows that they are not alone, they have a lot of competitors in the market and it always keep on increasing. Though this is very challenging in their organizations, managers must know the appropriate strategy to remain competitive and wonâ€™t left behind. Nonetheless, they must also understand the competitive strategies, their weaknesses and strength to develop a competitive product. – To improve and stop their staff satisfaction falling, give them an incentive, reward their effort by increase their salary and address what they want by giving them a career progression opportunity if necessary. 4. List the stakeholders you will consult with to develop your changes. Include how each stakeholder will be affected. Sample Answer just expand Changed Proposed Stakeholders How will they be affected Implement Online training Training Dept. New Employees Existing employees IT Department Create new training programs Learn to use new system Complete training when employed Create online system 5. Prioritise the changes you have identified, using costs benefit analysis. Key Answer: (answer at least 70 words) Based on Questions 1 what prioritized first and why. How much the costs and what the benefits 6. Develop a Change Management Project Plan for 2 of your identified changes. Create your plan using the following headings; a) Resource requirements b) Risk management (including barriers to change and mitigation strategies) c) Timelines to implement d) Communication plan (including reporting protocols and feedback) e) Training plan (to promote the benefits of the change and minimise loss) f) Review methods g) Action Plan 7. Create a memo to communicate your proposed changes to staff. 8. Assuming one of your changes is not successful, because of staff resistance, how will you modify your plan to achieve the objectives of your change? (Answers at least 70 words) BB Hi-Fi BB Hi-Fi is a major retailer in the electronics and home appliance industry; the business consists of sever
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