Problem Solution: Intersect Investments

Running head: PROBLEM SOLUTION: INTERSECT INVESTMENTS

Problem Solution: Intersect Investments

F. Bruce Creech, BSBM, MBA Candidate

MBA 520

Warren Rosendahl, BSME, MBA

December 16, 2007

University of Phoenix

Problem Solution: Intersect Investments

Intersect Investment has experienced problems within their organization. The problems include loss of market share, inability to change, lack of organizational commitment and behavior, failure to develop a customer service program, and lack of communication. This paper will look at these problems, find alternative solutions, and develop an optimal solution. In addition, the paper will discuss the implementation, metrics, targets, and timelines. The optimal solution will explain what will happen to the culture of Global Communications when implemented.

Situation Analysis

Issue and Opportunity Identification

Several issues are affecting Intersect Investment. First, the lack of communication is evident. The text defines, “Communication refers to the process by which information is transferred and understood between two or more people”. Communication also, “Brings knowledge into the organization and distributes it to employees who require that information,” (McShane – Von Gilinow, 2004, p.324). With some members of senior management failing to make the changes necessary to implement the customer intimacy plan, communication is a problem.

The second problem also deals with loss of market share which results from improper communication. “One report estimated that a company’s market value increased by over 7 percent when it improves its �communication integrity’. Another analysis identifies the leader’s communication skills as an important influence on company performance” (McShane – Von Gilinow, 2004, p.324). Based on the authors, communication can be a determining factor in regaining market share.

Thirdly, Intersect Investment is dealing with the issue of employees not want to change. The text identifies three types of change. Adaptive Change is the, “lowest in complexity, cost, and uncertainty” (Kreitner-Kinicki, 2003, p. 677). This type of change might require implementation at a later time such as employees working over during inventory or special promotion. These are not threatening to the employee. Innovative changes fall midway between complexity, cost, and uncertainty. A change in a work schedule would be an example (Kreitner-Kinicki, 2003). The third change is seen as the most complex, costly, and uncertain. Radical Innovative Change is the most difficult. “Changes of this sort are the most difficult to implement and tend to be the most threatening to managerial confidence and employee job performance” (Kreitner-Kinicki, 2003, p. 677). I have identified the customer intimacy model as a Radical Innovative Goal. This will have to change for the goal to be implemented.

Fourthly, the lack of necessary interest in the plan is evident. The opportunity here is for the organization to develop an organization plan. The following Eight Steps can help Intersect Investors to change their organization. The steps to organizational change are by James Kotter and he believes, “management fails because they commit one or more of the following:

1. Failure to establish a sense of urgency about the need for change.

2. Failure to create a powerful-enough guiding coalition that is responsible for leading

and managing the change process.

3. Failure to establish a vision that guides the change process.

4. Failure to effectively communicate the new vision.

5. Failure to remove obstacles that impede the accomplishment of the new vision.

6. Failure to systematically plan for and create short-term wins. Short-term wins

represent the achievement of important results or goals.

7. Declaration of victory too soon. This derails the long-term changes in infrastructure

that is frequently needed to achieve a vision.

8. Failure to anchor the changes into the organization’s culture. It takes years for long term changes to be embedded within an organization’s