Old practices will not be effective in a future that requires innovation, fast responses, horizontal relationships, high engagement levels and optimum performance from assets that are not owned by the company, (Forman, 2007).
Key Findings: Gap Analysis
Gap #1.First, the senior leadership team will implement an organizational communication plan to prevent distorted communication channels. At minimum, the senior leadership will look into employing a two-way communication system. Senior leadership will make immediate use of an email system as one informal communication channel, however, not to replace the traditional formal face-to-face meeting. There will also be some conflict resolution mechanisms, and contingency plans implemented to support the consistent application of all communication strategies. Emotional intelligence will be developed to support intercultural competence in the workplace. On a quarterly, or bi-annual, basis a more comprehensive strategic review and evaluation is undertaken. Implementation of this goal will reduce the flow of negative within physical and interpersonal barriers, and increase company productivity and profitability.
Gap # 2.Second, the senior leadership will implement an employee retention strategy. Intersect Investments, will provide employee counseling and career development support to help improve their technical skills and market abilities. The company will offer 15% retention bonuses to all employees that remain with the company during its three year plan. Employees will feel valued and remain loyal to the company. This strategy will raise employee morale significantly, and increase productivity. View More »