BSB115 Business Issue - Assignment Solution

Introduction

A rapidly evolving business environment with increased globalization, political instabilities, changing consumer tastes and cultural changes in the information technology industry, have encouraged organizations to undergo a rapid wave of structural change (Beshtawi & Jaaron, 2014). These disruptive changes have inspired new trends amongst individuals and teams, thereby causing an immense impact on the work force. Furthermore, greater innovation and competition within the industry have also spiked up the productivity standards, thereby expecting the workforce to elevate the quality and quantity of the offerings (Zogjani & Raci, 2015). 

In this report, the organizing of management functions will be elaborated, with focus on theories of adaptability, strategic planning, time-spatial job crafting and holacracy. These theories have been discussed, considering the context of the Hi tech industry. A few recommendations have also been listed towards the end of this report.  

Defining and framing the issue

An organization can only be successful if it is compatible with the dynamic environment i.e the external economic, social and political conditions, that influence the organization’s nature, actions and survival. Hence, it is essential for organizations to adapt to the rapidly changing environment in order to maintain their legitimacy. An organization like phoenix engineering, operating in the IT industry, is exposed to the challenge of advanced automation. Manufacturing systems in IT industries are embracing automation at an accelerated level (National Academies of Sciences, 2017). 

This new revolution in the work procedures have dramatically altered consequences for the type of job performed, skills required and work activities conducted. This advancement in technology tends to substitute the routine tasks and it complements the cognitive tasks (Ford, 2015). Hence, the introduction of productivity-enhancing technologies have shrunk the demand for labors executing the routine tasks and have increased the demand for jobs that require a high level of physical dexterity and creative intelligence. This reduced demand for jobs may enable the companies to save money and reinvest in automation, thereby giving rise to a few new jobs and cutting the scope of a few more. Furthermore, the introduction of this new technology has created new complementary tasks that range from controlling, maintaining and programming the machinery (Acemoglu & Restrepo, 2016). These tasks require highly skilled laborers who excel at handling the automated activities. These innovations in technology backed up by advanced re-engineering programs have increased the quality and speed of work, thereby accelerating the trend of competition. This advanced technology paired up with complex tasks have also led to the need for more interdisciplinary and virtual teams (Vermeulen, Kesselhut, Pyka, & Saviotti, 2018). 

Moreover, the pattern of workforce is also more demographically diverse than before and there has been an increase in the number of fresh graduates with inadequate skills. Furthermore, a large part of the workforce is aging which has mitigated the productivity of work (National Academies of Sciences, 2017).  This calls for an organizational restructuring that would enable Phoenix engineering to introduce changes to their traditional structuring strategy. This would enable the organization to adapt a workforce structuring and placement strategy that is coherent to the rapidly revolving automated industry. By taking this initiative, the company will be able prosper in this competitive environment and continuously enhance its work productivity and effectiveness.