Paper Example on Organizational Restructuring

Introduction

As discussed earlier in our annual general meeting, these are very challenging times for everyone in our company. In recent years, the organization has tried hard to navigate through the deteriorating global economy and the shifting market trends without interfering with our current business model and also maintaining our guiding principle and culture. However, it's unfortunate that we cannot remain competitive if we retain our business model regardless of the impact it will cause to all the stakeholders. Following a careful deliberation with all experts involved and other relevant stakeholders, I am announcing the beginning of the organizational restructuring process scheduled to begin next month. Transforming business models as a continuous improvement strategy is not new in the business world. These changes serve as a further step in finding ways to deliver the company's mandate.

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Over the past few years, through various staff surveys and performance rating, it has been determined that some employees are unable to feel connected or deliver our organizational goals. These employees low morale and the growing workload has resulted in financial loses as well as poor customer relations and therefore making the company less competitive in the current market. I do not believe that this restructuring process by itself can address all our employees' challenges, but it's a step towards building an effective and efficient integrated system between the staff and the company for improved service delivery. It is necessary to change our outdated business model that is making corporate debts difficult to manage and increased financial losses as a way of staying solvent. Although the board of directors is still working on modalities of restoring stakeholders and investors' confidence in the company, the pressure from the business environment and resource development made the situation more complicated, forcing the company to focus on developing an integrated decision-making system across agencies to reduce the duplication of inefficiencies.

As a result of our restructuring process, performance reviews will be conducted and most employees will be laid off and be replaced by the software system integrated into our new business model. Moreover, both new and retained employees have to undergo a re-training process before working in the new business model. Since information communication technology is fully embedded in the new business model, many departments will be more efficient, and the underutilized resources will be sold or upgraded. Apart from the revitalization of the company branding and marketing strategies, the new model is expected to reduce the corporate interest payment by the company.

Despite the inconveniences caused by the unprecedented changes in the company's organizational structure, I believe this is a great chance to build positive aspects of our organizational behaviors, to refresh our goals and values to ensure company competencies and accountability. Finally, I wish to acknowledge all your efforts that have played a significant role in positioning this company for the upcoming changes which are also part of our collective success. As we are finalizing on the designing process more communication will be directed through your managers. I also invite your thoughts and input in ensuring a successful restructuring process.

Following our performance as the company over the past decade, our results demonstrate a working strategy as well as a solid foundation to remain competitive in the business world. However, the recent market trends present opportunities that if utilized can accelerate the company's growth momentum which will play a significant role in building on our strength as a company. There is a need to restructure our business model to fit the changing marketing trends in order to accomplish such far-reaching goals as a company. This will enable us to increase our efficiency, and capacity to provide unique services in the fast-changing business environment,

The announcement on the organizational restructuring process mainly focused on addressing our outdated business model over time has caused low morale among the employees and therefore making the company less competitive in the current market resulting to significant financial losses. Moreover, apart from the accumulating corporate debts that are currently difficult to manage, the company is losing stakeholders confidence which is detrimental to the general operations of the company. In this context, the organizational restructuring process will allow many departments to perform more effectively and efficiently using our new business model which is integrated with the up to date organizational software that can track and improve performance by up to 60%. Moreover, the new business model will play a crucial role in revitalizing the company branding and marketing strategies which will give us a competitive advantage in the competitive global market. In addressing the underutilized company resources, the restructuring process will utilize and upgrade most of the underutilized resources, which may include selling available company assets. Despite the expected inconveniences in the normal operations of the company, such as the laying of many employees, elimination of various departments and retraining of all the major stakeholders with the new business model, the restructuring process will allow the company to intensify its investments in products, services, and technology that will fuel growth as well as driving a consistent profit margin that secure investments.

The changes in our organizational structure are primarily aimed at accelerating the company's growth strategy. The new business model it's about establishing long-term changes that will further develop our position as leaders in the global arena.

Conclusion

As a company, we highly committed to ensuring the transition process is done with the utmost dignity and respect to all the affected stakeholders. On the other hand, despite our efforts to provide a positive impact on a global scale, our new business model will place a significant role in contributing to the compatible performance of the company. And since change is inevitable, I believe mode changes in the company will be witnessed shortly due to the continuously changing trends in the market.