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Short-term Changes in Business Expansion Essay Example

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Short-term Changes in Business Expansion

Short-term Changes in Business Expansion. This research is being carried out to evaluate and present the short-term changes in business expansion such as preparing to lead the change; creating a vision, commitment, and capability; determine design requirements and desired state and analyze the impact; plan, organize, and implement the change etc. The organization is required to understand the preference of the consumers initially in order to expand business operations in the Chinese markets. Apart from this, it will require identifying the level of competition in the market for luxury watches, jewelry, and handbags businesses. The organization should review business process in order to identify the urgency of business changes needed to enhance the quality of the luxury watches, jewelry, and handbags.

Along with this, the organizations must need to set clear mission and vision, which might help employees and stakeholders to understand the level of commitment to the organization. Simultaneously, the organization should review the financial position in order to measure the capability of the organization to meet the demand as well as supply requirements. The organization should emphasize towards the design requirements of its goods and/or services in order to ensure the customers are offered with desired products and/or services on the basis of their preferences. Subsequently, the organization is required to determine the type of change to be implemented in the business process, so that operations are performed succinctly based on the desired state. Apart from this, impact on the organization should be analyzed through gathering information from consumers in order to enhance business efficiencies. Planning is highly essential in the implementation of the change process model. In order to introduce a retail shop in the Chinese markets, the organization should prepare an effective planning. During the planning process, the organization should review various factors that include market condition, consumers’ preferences, consumers’ behavior and competitors and accordingly, formulated appropriate plans or strategies. Based on the strategies or plans, the organization should choose the best alternatives among others. Short-term Changes in Business Expansion.

References

Chapter 3. (n.d.). Implementing change. Introduction: getting from here to there, 1-46.
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preview essay on Short-term Changes in Business Expansion
  • Pages: 6 (1500 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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