Can you please give me 2 questions based on this topic which I can asked during
ID: 359198 • Letter: C
Question
Can you please give me 2 questions based on this topic which I can asked during the presentation?
REENGINEERING AT GE
DEFINITIONS OF REENGINEERING
• Reengineering is a trend used to completely restructure a firm.
• Reengineering is a systematic approach used to redesign and start over.
• Reengineering seeks advancement in speed, quality, service, and profitability
TWO COMMON REASONS TO REENGINEER
• Fear that competitors may come up with new products, services, or different
ways of doing business that may harm your business.
• Wanting to obliterate the competition or being greedy
REENGINEERING AT A GLANCE
• Reengineering was very popular in the 1990s.
• Reengineering allows companies to see their business from a new set of lenses.
• Reengineering allows firms to work in teams.
• Reengineering is difficult to do and not all firms can or should try to
reengineer.
• Reengineering as of late, is less popular and is a slowly dying tend
EXAMINATION OF REENGINEERING AT GE
• Between the 1981 and 1990 the CEO, Jack Welch, utilized reengineering to
completely redesign GE structure to become more efficient, global, and
profitable.
• GE adopted a designed works on cross-functional teamwork.
• GE designed a structure that would be conducive continuous change andinter
free flowing information.
EXAMINATION OF REENGINEERING AT GE
CONTINUED
• The reengineering process required completely restructuring GE’s human
resources and “revolutionizing” their organizational structure.
• GE’s goal was to achieve high-growth business.
• GE organizational structure was divided into13 businesses.
• Human resources made benefits and rewards very flexible and made training
a continuous process.
• Finally, GE adopted Six Sigma and TQM in all its divisons.
OTHER MANAGEMENT TOOLS FOR OPTIMIZATION
• Benchmarking can be defined as a standard process of preforming tasks in a
specific area that can be a more productive, efficient, and cheaper for the
business.
• Total quality management (TQM) can be defined as a continuous process of
improving quality and the development of processes to increase value to the
customer.
OTHER MANAGEMENT TOOLS FOR OPTIMIZATION
CONTINUED
• The learning organization can be as continuously learning to create value.
• Broadbanding is when a firm eliminates salary grades to increase labor
flexibility and lowering cost.
• Direct business model happens when a firm deals directly with consumers
eliminating other parties.
• Networking is a strategic alliance where a firm contributes its best
competence.
OTHER MANAGEMENT TOOLS FOR OPTIMIZATION
CONTINUED
• Performance management happens by holding executives and the
subordinates accountable for delivering the desired outcome.
• Pricing power is when a business has the ability to raise pricing faster than the
raise in its cost or to lower its cost faster than the fall in the prices at which the
firm sells, to increase its profits.
• Process management is coordination or integration under a single umbrella of
all the firm’s performance-improvement initiatives.
OTHER MANAGEMENT TOOLS FOR OPTIMIZATION
CONTINUED
• Small word model is a theory that holds that a corporate giant can operate
like a small firm by connecting individuals from each level to improve the flow
of information and the efficiency of the firm.
• Strategic development is an assessment and action that a firm should
continuous review and provide continuous strategic development.
• SWOT analysis is a strategic planning method used to evaluate the Strength,
Weaknesses, Opportunities, and Threats of a business venture or a project.
OTHER MANAGEMENT TOOLS FOR OPTIMIZATION
CONTINUED
• Virtual integration is the blurring of the traditional boundaries and roles
between the manufacturer and its suppliers, on the one hand, and the
manufacturer and its customers, on the other, in the chain value, thus treating
customers and suppliers as if they were part of the business.
• Virtual management is were management uses computer models assist them
understanding consumer behaviors using science or the theory of complexity.
REFERENCES
• www.businessdictionary.com
• Salvatore, Dominick. (2015). Managerial Economics in a Global Economy.
Oxford University Press.
Explanation / Answer
1. With advannces in automation and artificial intelligence, has GE been able to adopt automation in its manufacturing proecess and what has been its impact on Six Sigma or TQM.
(Six Sigma means reducing defects to 3.4 per million. Automation has improved quality and hence the above question)
2. Reengineering is a costly affair. How has GE fared in its profitability during and after the reengineering process. During reenginnering, many of the processes would have changed and taken time to change. How has that affected the company
(Reengineering would have taken a lot of time, since GE has implemented so many optimisation tools as well as adopted Six Sigma, TQM etc and such changes cannot be done overnight especially in a large organization like GE with 13 divisions. SO during this chjamgeover, there would have been many mistakes, relearning, redoing etc. Has this cost GE its sales or profits. Also, additional costs would have been incurred, which also would reduce the profits)
3. If reenginnering at GE was a success, why is reengineering not very popular. With adavnces like Big data analytics, will reengineering come back.
I have given 3 questions and you can choose any of them. You should be aware that Big data analytics is the latest trend where a company is able to analyse huge quantity of data in real time, and many coompanies are adopting this to help them make decisions in real time, rather than wait for daily, weekly or monthly reports and then make decisions.