Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

POG303 Strategic Management

tag 0 Download 12 Pages / 2,945 Words tag 07-07-2021

Question:

Laffey Oil Resources Plc (LOR) has a newly appointed female CEO.  LOR like many in the sector faces challenging times due to the oil price of drop 2014-present day. This is going to be a tough transition period for the firm as the new CEO takes over.  

The employees are naturally uncertain about the situation and what this new vision and strategy will mean for them and their job security. However, the shareholders and the market appear happy with the result so far as the shares have climbed significantly on the Stockmarket. There has been a lot of media interest in the new leadership especially as the previous CEO, who was in power for seventeen years, was a well-recognised and respected face in the media.

The new CEO has a no nonsense reputation for tough talking and always for getting results no matter what the cost.  This is evidenced by an impressive, if often controversial, track record as Chief Financial Officer (CFO) in the another major oil firm Mayo Oil before becoming CEO of LOR. That firm underwent a severe cost cutting strategy which led to major job cuts amid a lot of negative publicity for that particular firm.  Mayo Oil did increase profits but like most firms it is again facing difficulty. There were reports in the media that a short term approach had been taken regarding strategy and workforce planning issues at the cost of the long term future of Mayo Oil.

LOR’s new CEO has clear views on what changes need to happen and she intends these to happen as quickly as possible. The new CEO was given the nickname “the woman with a plan” after a high level email was anonymously leaked prior to her being announced as CEO.  In the email she criticised the previous CEO’s projects.

The proposed new strategy includes –

  • Cost efficiencies– job cuts although as yet unclear how many but definitely in the 1,000’s. These series of job cuts will impact on every level of employee from senior executive down through the ranks.
  • Restructuring of the Divisions and Units within the firm – this will be done in regions such as North America and Europe.
  • There has also been talk about a future acquisition deal with a Texan shale gas operator based in San Antonio which would hopefully re-position the firm to be more competitive in relation to its rivals when the oil price recovers. The CEO has long had an interest and investments in Shale Gas, she is also a close business friend of Lord John Browne (Caudrilla and ex BP CEO) and believes that despite the downturn that Shale is where future profits are to be found. 
  • Highlight the challenges that the new CEO of LOR Plc is likely going to face in implementing her new strategy.
  • Discuss the possible reactions from employees on this newly proposed changes to LOR Plc.
  • Using McKinsey 7S framework, identify and discuss the following:
  • How the change affects each element within the 7S framework.
  • Potential challenges/issues  to be faced within the implementation process
  • Recommendations for managing the change process and overcoming challenges/issues identified.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 12 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). POG303 Strategic Management. Retrieved from https://myassignmenthelp.com/free-samples/pog303-strategic-management/geopolitical-turmoil.html.

My Assignment Help (2021) POG303 Strategic Management [Online]. Available from: https://myassignmenthelp.com/free-samples/pog303-strategic-management/geopolitical-turmoil.html
[Accessed 03 February 2023].

My Assignment Help. 'POG303 Strategic Management' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/pog303-strategic-management/geopolitical-turmoil.html> accessed 03 February 2023.

My Assignment Help. POG303 Strategic Management [Internet]. My Assignment Help. 2021 [cited 03 February 2023]. Available from: https://myassignmenthelp.com/free-samples/pog303-strategic-management/geopolitical-turmoil.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?
close
Subtraction Payment required!

Only one step away from your solution of order no.