LEADERSHIP AND CHANGE MANAGEMENT Essay Example | Topics and Well Written Essays - 2750 words

LEADERSHIP AND CHANGE MANAGEMENT - Essay ExampleIn order to chance the new business situation, the family had to implement many changes. This paper investigates the change that has taken place in SMC since the acquisition. The query provides companys profile and its muniment as a basis for further investigation on the influence of the acquisition and a new parent Sinosteel Corporation (Sinosteel) on the Midwest Corporations. The usage of this probe was to research and critically examine the change process in SMC, analyze the impact of the change on employees and on the company as a whole. Some critical review and recommendations are based on the leadership knowledge. The methodology of the ruminate implies a review of related academic journals that helped to examine the companys changing process. A questionnaire was filled in by SMC employees to provide the researcher with a clear picture of how in particular the change was implement. A list of key questions will be made for interviewing a SMC decision-making executives was based on the data collected from the questionnaires and conceptual framework from the journals. 2. Introduction and Objectives The purpose of the study was to review and critically analyze the changing process that took place in Sinosteel Midwest Corporation. Before the acquisition the company was operated by its founder and several major(ip) shareholders, as top executives and broad members. Most of these executives (i.e. broad members) left the company having sold their shares to Sinosteel, the companys current owner. The major objectives of the company were changed too. Previously, the main destination of Midwest was looking for strategic investors (business partners) to finance the companys iron ore projects instruction. Midwest was then supposed to use its revenue from selling iron ore to profits back to the investors. To change the situation, Sinosteel, as one of the badgest Chinese iron ore traders, does have an ability to finance the project development and, at the same time, provides a big demand for SMCs iron ore. Since financing is not a problem anymore, SMCs core business has changed to work more efficiently on the development of iron ore projects. A serial of change from business strategy to organizational structure have been made to meet the new situation and new requirement. Therefore, this study has explored how the SMCs management team designed its new strategy and new structure for them to correspond to the new conditions the company works in after the acquisition. The research also examines how the change implementing process was leaded by a new Chinese Managing Director and whether the companys leadership was effective enough as to implement the changes successfully. The impact of the change on both SMC employees and the company in general has been reviewed. Finally, the study provides some recommendations on how such changes can be implemented more effectively and what lessons other bus inesses can learn from SMCs experience? 3 Organizational Context Sinosteel Midwest