Thursday, August 29, 2019
Individual Case Analysis FunTime Snacks, Inc Study
Individual Analysis FunTime Snacks, Inc - Case Study Example As things stand, the management confusedly uses e-mail, internal memo, and the company newsletter for any form of communication. In addition, the company faces uniform pricing and procurement issues which have led to some branches being profitable while others are struggling to remain in business (Crase, OKeefe and Dollery 427). And in an attempt to improve its competitive edge, Albanese and her team of executives have not properly handled the change management process. As the result, the real obstacles to change are from within the organization. After analyzing the potential positive impacts of a centralized financial reporting system, Albanese proposed functional centralization of decision-making process whereby the subsidiaries would remain in their decentralized, working locations but seek approvals from the head office when making major business decisions. For instance, significant changes of commodity prices by more than 5% and any supplies exceeding $10,000 required such reporting. On the one hand, Albanese sought to: a) limit unnecessary procurement costs and poor pricing by standardizing the processes; b) create uniformity in the business processes and uplift poorly performing branches; c) enforce a culture of personal leadership of the Chief Executive, the Chief Financial Officer and the Corporate Director of Supplier-Retailer Relationships; d) create flexibility in the organizationââ¬â¢s business activities; e) improve quality of services by steering the company out of illegal survival tactics by some of its branches, and; lastly, f) better coordination between the headquarters and the branches in order to facilitate faster responses to market changes due to inflation and stiff competition from market rivals. Despite these brilliant centralization ideas, Fun Time Snacks would face the following challenges; a) delay in 60% of business processes whose
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