OPERATION MANAGEMENT PROJECTS
Critical Analysis Reading: Operations Management Projects.
The names of the authors are Paul Nunes and Time Breene. The source of the information is spotlight business review from Harvard Business Review. The reading is about reinventing ones business before it is too late: Watch out for those curves.
The issues under discussion by Nunes and Breene are the timely business reinvention as a result of no room for growth and in order to skip from the maturity stage of one form of business to the next. The article also talks about the consequences of a business’ failure to reinvent in time especially during a major business stall. The is mainly the case for companies that fail to use the normal S curve and result to less than 10% chances of full recovery. In the long run, such companies end up being privatized or run into bankruptcy. Companies using S curves and other three hidden S curves differentiate themselves by focusing on hidden talents and capabilities as well as focusing on reshuffling the top team.
The main points in the article by Nunes and Breene the requirement of up and comers who can progress new businesses besides managing the existing ones in companies with high performance and companies where employees have enough time to think on the job is sign of invention in talent. For instance, high performing companies alter the senior team radically and early enough compared to their rivals in the market. They also maintain by cultivating on serious talent to focus on business growth as compared to retrenchments of staff to cut down costs in other companies. This is a clear indication of how the high performing companies rethink and reinvent their operations compared to stalled companies.
Nunes and Breene claim that failure of a company to reinvent on time leads to stallation in low performance companies while high performance companies reinvent on time which helps them to differentiate themselves. The claim is true as most companies that reinvent broaden their focus way above the financial S curve while attending three more hidden but important S curves that focus on employee empowerment by identifying employee capabilities, talents and the market niche.
This evidence is convincing because the application of the hidden capabilities curve by Dell, and Wal Mart has enabled them move up the financial S curve (83). Others like Pharma Giants reinvented its market niche beyond physical health with initiatives like DAWN which have contributed to the differentiation of their services in the market.
I agree with these articles because with businesses taking time to reinvent themselves by analyzing their concealed capabilities, talents and bringing the market edge to the centre, then employees will be evidenced by employee empowerment and motivation (81). Furthermore, frequent reinvention focusing on talents and capabilities appreciation or reinforcing the market niche through new strategies can help companies grow to the high performance companies group.
The points to be challenged are the pace of integration of new issues to assist reinvention or in multiple data integration to solve world problems.The significant information omitted is cost of reinvention and data collection, analysis and storage and how developing companies can handle such.The arguments are subjective because the business market is due to change and these ideas are also subject to change with such changes.In my conclusion, I appreciate reinvention beyond the financial S curve but this is not just the case since any company thinking of reinvention must put into consideration the time to be used to pick up and the cost involved.
Reference
Nunes, P., & Breene, T., (2011).Reinvent Your Business before it is too late. Harvard Business Publishing. USA
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