5. The Current Situation
●
●
IBM has confirmed that it's laying off a portion of
its workforce in order to focus on new priority
areas,like the cloud analytics and cognitive
computing.(Kerr,2014).
However, one source familiar with the plans told
CNET that the layoffs entailed up to 25 percent in
the Systems and Technology group -- this is the
group that makes IBM servers and is often referred
to as the "hardware" division. (Kerr,2014).
6. Key Success Factors
●
●
●
Focus on what matters.(Planning for Successful
Restructing,n.d.)
Be practical. (Planning for Successful
Restructing,n.d.)
Interact with all stakeholders : the CRO as the leader
of restructing. (Planning for Successful
Restructing,n.d.)
7. Analysis of Alternatives
●
●
First step for restructuring a business is to get a
handle of cash.(Planning for Successful
Restructing,n.d.)
Second step find your profitable core business.
(Planning for Successful Restructing,n.d.)
●
Third develop a financial and organizational plan.
●
(Planning for Successful Restructing,n.d.)
9. Benefits and Risks of Strategic Option
Benefits
●
●
Develop a turnaround strategy that rebuilds your
firm around the core business.(How-ToRestruct,n.d).
Develop a sensible budget and organizational design
that supports the core business.(How-ToRestruct,n.d.).
10. Continued
Risks
●
●
●
●
Risks of developing and organizing plan turnaround
plan consists of a decline in revenue from core
business.
Slow growth with new turnaround plan.
An overbudget not having enough money;budget
restricted.
No frills.
11. Final Recommendations
●
●
•
IBM should not lay off up to 25 percent in the
Systems and Technology group – this is the group
that makes IBM servers and is often referred to as
the "hardware" division. (Kerr,2014).
Ensure workers that the job they have are safe.
Prevent unrealistic deadlines as a Project Manager
by doing the following gather your data, get
creative, and craft and deliver your message.
(Manello & Gordon,2010).
12. References
●
Kerr,D. (2014,Feburary 27).IBM laying off up to 25
percent of 'hardware' division. Retrieved March 2,
2014, from
http://news.cnet.com/8301-1001_3-57619685-92/ibm-la
13. References Continued
Planning for Successful Restructing.(n.d.) Retrieved
March 2, 2014, from
http://www.alixpartners.com/en/Publications/AllArticles/ta
14. Continued
Manello C. & Gordon E. (2010, November 1).
Overcoming Unrealistic Deadlines with Better
Communications. Retrieved March 2, 2014, from
http://blog.slalom.com/2010/11/01/overcoming-unrealisticcommunication/