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Organisational Aspects of Restructuring & Rightsizing

Organisational Aspects of Restructuring & Rightsizing. SCHOOL OF BUSINESS EXECUTIVE DEVELOPMENT SEMINAR SERIES. Changes. The Promise of a Rose Garden Change is inevitable, destruction is the order of the day…….. The Rose Scenario Re-imagine……Tom Peters. Changes.

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Organisational Aspects of Restructuring & Rightsizing

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  1. Organisational Aspects of Restructuring & Rightsizing SCHOOL OF BUSINESS EXECUTIVE DEVELOPMENT SEMINAR SERIES

  2. Changes The Promise of a Rose Garden • Change is inevitable, destruction is the order of the day…….. • The Rose Scenario • Re-imagine……Tom Peters

  3. Changes I’m uncomfortable when I’m comfortable. - Jay Chiat

  4. Tenure of CEO • 2003 – 7.6 years globally • 2003 – 57% of new CEOs in ASX top 200 companies were from outside Booz Allen Hamilton/BCA study 2004

  5. Why? • Corporate performance • Competition • Business rationalization • De-regulation • Merging • Acquisition

  6. Process • Rumours • Partial facts • Formal announcement • Individual notice

  7. Issues with Merger/Acquisition • Determination of key posts • Selection of staff • Cultural alignment • Alignment of terms and conditions of employment

  8. Organisational Implications • Redistribution of power • Leadership • Cultural revolution • Panic • Anticipation

  9. Approaches • Kill and heal • Gradual transmission

  10. The grieving process: : Denial — "It can’t be true!" "I don’t believe it!”  Bargaining — An effort to re-create events, to change life back to what it was before. Anger — Anger follows the initial acceptance of the situation. Depression - The individual becomes apathetic, listless. Acceptance — The individual comes to accept the reality.

  11. Good HR practices • Enable employees’ psychological preparation • Building trust – keep employee abreast of events • Outplace arrangement • Those who remain are watching the Management!

  12. Thank You!

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