Kelecton’s Strategic Plan George Mutunga Webster University Introduction Paul has been busy formulating a business strategic plan for Kelecton organization and implementing a vision for the organization that would eliminate operational costs, increase shareholders market share, retain and recruit the best candidates available, offer highly competitive employee compensation, and improve workplace working environment. There are several strategic steps that Paul can take to achieve this organizational goal including engaging employees with company activities, creating job growth opportunities and empowering them in decision making, improving communication channel, creating a strong organizational culture, establishing employee …show more content…
Paul should institute a clear and strong communication channel among within Kelecton organization that allows all employees to communicate and receive feedbacks during business operations. A successful communication ought to be bottom up and top down which makes implementation of strategic plan possible. Due to the size of the company with a reported workforce of 240 employees, Paul should be able to build a strong relationship with employees, that would help the company to communicate effectively with employees regarding any issues such as lack of promotion opportunities based on the small number of openings to avoid employee lack of morale. As quoted in the article,” When the interaction between the leadership and employees is good, the latter will make a greater contribution to team communication and collaboration” (Tsai 2011) Based on the unique skill sets required for Kelecton employees, it also suggests the window of promotion is rare and Paul should share this assessment with employees through excellent communication channel to boost retention of employees. As noted in the case, there is high number of employees (87%) who need to be informed of the …show more content…
This affects employee’s morale and decreases productivity and Paul should propose a plan that would make the pay scale match with what is offered within the industry. One of the possible solution would be to reduce the workforce and benefit from advanced technology to offset manpower in the engineering sector while reducing operational costs. On the other hand, employee compensation package should be updated to compete fairly with other companies within the same industry. When employees feel like they are adequately compensated for their hard work, performance and efficiency are likely to improve. As described in the article, “The key driver to employee engagement is a sense of feeling valued and involved” (Markos & Sridevi 2010) Paul should introduce variable pay compensation plan that is based on employee’s productivity and performance results to improve product efficiency as well as create a competitive environment for all employees of the company. This would resolve the issue of Kelecton employees being unfairly compensated according to their opinions and receive inadequate benefit package as compared to other companies. Although the company is small, Paul’s strategic plan would include introducing a new employee benefit package tied with their performance and the number