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.
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):
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. One or more specific components may only be relevant to a needed major change in one functional area.
For EACH of your four priority components:
Describe what needs to be done (not how to do it) and WHY this is important for the success of this strategic change.
Name each functional department involved in this implementation component and how they are affected/involved.
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.
