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Toolscorp Strategic Initiative

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Implementation of reliability work processes not just at Tennessee’s location but across the boards at all the locations. This will include things like work management, planning and scheduling, materials management, reliability of technology and IT along with engineering of tools, and operator care from employees (Helmrich, 2015). A need to include what is called a Partnership agreement and have all employees’ upper and lower sign it saying that they acknowledge active participation needs to happen at all levels and not just in certain departments. This will also help with the resistance to change that normally comes from employees at the beginning of planning a new initiative (Dabbs, 2010). The implementation of reliability practices will …show more content…

It will serve as a contribution to ToolsCorp Corporation in helping the organization meet the long term goals that are going to be set forth (Dabbs, 2010). The strategic initiatives will include ToolsCorp upper management to define the project while aligning all communications up front and making sure that any plans will be communicated effectively on all levels and in all departments. Different teams will be training on the resources that will be made available to execute all future projects. All the effective measures will follow suit and be reviewed so actions can be taken to make sure that all new strategies will be implemented effectively and …show more content…

Issue procuring and retaining a skilled work force: The option of utilizing a Human Resources consulting organization. Marketing endeavors failed to create desired outcomes: Change the advertising strategy. Funding for strategy implementation turns out to be lacking: Re-evaluate monetary related necessities, modify strategies, and additionally look for new financial investors. Business owner finds she/he needs to reinforce management skills: Provide internally or send managers to management workshops. New and unpredictable rivals enter the market: Modify products and marketing procedures. Absence of a strong social network: Start networking on the web through web-based social networks and off the web through community business associations (Aileron,

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