Describe what needs to be done (not how to do it) and WHY this is important for the success of this strategic change.

MODULE 4 – Implementing Strategic Change

Read and understand this assignment and the deadlines

 

 

YOU ARE TEAM 4:   Each of you are randomly assigned the role of Vice President of one of the following five major functional areas of Jakks Pacific:

 

– MARKETING

– FINANCE/ACCOUNTING

– HUMAN RESOURCES

– OPERATIONS/SUPPLY CHAIN

Assigned       – R&D/PRODUCT DEVELOPMENT (part 1)

 

——————— —————————–

The materials for this module are the Toy Industry/Jakks Pacific case reading from Module 3 (as well as your analysis and understanding of Jakks and their industry), the ‘UPDATE on Jakks’ provided in the Module 4 folder, and Chapter 10 of the textbook.

Review the Toy Industry/Jakks Pacific reading

Read the UPDATE on Jakks

  

Read Chapter 10

   Understanding Chapter 10 content is necessary for the PART 2 assignment

 

 

PART 2

 

Chapter 10 describes EIGHT major components of planning and effectively executing strategy or a strategic change. Your team is to consider these eight components with respect to Jakks and their strategic change initiative and to chose which FOUR you believe are most critical to this change being successful. You then will relate each functional area to these four priority change elements.

 

Your team report will address the tasks/questions below. Organize the Team report using these headings:

                 

  1. The four priority implementation components (see item #1 below)

                  III. Functional implications (see item #2 below)

  1. Team process and participation (item 3 below)

 

 

 

  1. Prioritize the top four components you believe are most critical for Jakks success. Simply provide a list of these four components with a brief description relating it to the Jakks strategic change.

A hypothetical Example (NOT relevant to the case):

  1. Building the organization: Jakks will need to develop a competent Franchise management department to implement their new business model

 

This effort requires some discussion of the implications of this change within and across functional areas. (* Don’t just leave PART 1 of this project once you’ve submitted it. You are still in the role of functional VPs). One or more specific components may only be relevant to a needed major change in one functional area. That’s okay! Implementation efforts do not have to be equal across all areas or be company-wide.

 

 

  1. For EACH of your four priority components:
  2. Describe what needs to be done (not how to do it) and WHY this is important for the success of this strategic change.
  1. Name each functional department involved in this implementation component and how they are affected/involved.

 

Therefore, this section will

NAME component ONE (e.g. “Fostering a new culture about execution”)

Name EACH of the five functional areas and describe if and how it will be involved in or affected by the efforts related to this one component of executing the change.

MARKETING

FINANCE/ACCOUNTING

HUMAN RESOURCES

OPERATIONS/SUPPLY CHAIN

R&D/PRODUCT DEVELOPMENT

(*the information here should use and build on your individual reports/thinking from step 1. This is where you will need to collaborate as a team (organization) to choose and explain your plans.

 

Then do the same for your components two, three, and four.

 

 

I know time is short for this but do your best!

 

Grades will be based on: (a) understanding and addressing the assignment; (b) quality/soundness of choice of top four implementation components; (c) quality and depth of thinking about relevant functional implications; (c) and clarity and quality of writing/communication. All members will receive the same grade EXCEPT for members not adequately participating or contributing to the team effort – who will be penalized between 5-30(all) points – or members performing exceptional team leadership who may get up to 5 points extra.