As John Ferraro, the former COO of Ernest & Young, once said, “Every company today is being disrupted and so must frequently reorganize to keep up with the incredible pace of change.” (Heidari-Robinson and Heywood, 2016). However, few reorganization attempts are entirely successful.
Given that, how to handle reorganizations is important. Despite the common belief that reorganization is so fluid and dynamic that it would be hard to impose an established process for it, Heidari-Robinson and Heywood argue that companies need to take a more systemic approach if reorganizations are to deliver their potential. They developed a five-step process for running reorganizations.
DEVELOP A P&L STATEMENT. A reorganization is indeed a business initiative like any other, similar to a marketing plan, a product launch, or a capital project, so you should start by defining the benefits, the costs, and the timeframe. Earlier similar initiatives in your organization, and the experience of employee (...) Read more? Sign up for free