MTC Midterm Examination Case Study Example | Topics and Well Written Essays - 500 words

MTC Midterm Examination - Case Study Example pressing need to enter into a joint venture with an appropriate manufacturer who has credentials and track records to produce and deliver the scanner as per the specifications of Montex. At this juncture, our company has options to start a joint venture with any one of the three companies namely Electronic Innovations (EI), Optics America (OA), and World Optics (WO) to cater the needs of the Montex. EI does not have the product right now as needed by Montex; however, it has capacity to develop the same in 4 months time. In view of the recent layoff at EI and with the possibility of another one in near future any dealing with this company is highly risky. Though EI claims that product will be compatible with our robotic arms, we cannot take the risk of any delay in development of the product and it is in our interest to rule out this option for obvious reasons. Currently, Optics America and World Optics both manufacture the scanners meeting the requirement of Montex. Either of these two companies can be suitable to us for starting a joint venture given the cost economics; however, we need to train our staff and create a new workflow and system for the scanner project. It is important to note that significant technology change will occur in the new venture and will force us to train our shop floor and allied staff to effect a smooth transition to a new process. Getting inspiratio n from Kotter (1996), I recommend four major initiatives to be carried out in the sequential order as listed here with. A Sense of Urgency needs to be established in the company to remove a false sense of complacency at all levels. Before starting any transformational program cooperation from numerous individuals is needed and a sense of urgency in the organization has to come from the top rank of the company. A team of people with sufficient power to lead the change is needed. The team members must possess enough expertise, credibility, and leadership quality to exercise the change. It