Financial Instability and Employees


In the last 18 months, the proprietor has been experiencing numerous challenges due to a financial crisis. There are numerous issues encountered in the firm, including high turnover, outdated software applications, increasing stress amongst long-serving personnel, and the lowest morale level. The remaining managers opt to conduct a reorganization of the responsibilities all through the firm. Nonetheless, every time the managers seek to implement changes within the company, other staff members seek resignation. The purpose of the essay is to present an analysis of what the managers should do to mitigate the financial crisis and its impacts.



Financial Instability

If a financial crisis develops within a company, the company’s owner and management are likely to experience a strain. This may result in the company’s management being strict and initiating numerous alterations to regain consumer loyalty. According to Al-Haddad and Kotnour (2015), a host of dedicated personnel resign for fear of contract termination. When a corporation fails to keep up with the advances in technology, there is a higher likelihood of systems failing and becoming outdated.   This leads to a surge in stress amongst staff members and reduces the company’s morale levels.

Best organizational development process skills the executives should use.

To implement significant changes, the executive may opt to use various development skills. According to Hayes (2018), the best approach will involve using a six-step action study procedure. Foremost, it consists of diagnosing problems diagnosis whereby the exploration is done and the origin of the organization’s challenges. This stage marks the start of the procedure where the challenges are categorized under diverse concepts, and when not efficiently completed, then the genuineness of the outcomes is under preconception. Secondly, evaluation and response to the study findings are done. In this phase, comprehensive research is done conducted by utilizing various research tools. For instance, focus groups, document reviewing by exterior professionals, and a supplementary examination is conducted. This results in the third phase that entails planning. Once the challenge is well-established, a necessary strategy is implemented. Therefore, efficient methods of intervention are done to tackle the diagnosed challenge. The next development process involves interventions with the implementation of an efficient plan. This is done by using training, e-learning, development of talents, or skills development seminars. According to Smither Houston and McIntire (2016), an assessment of the executed plan is conducted to assess if the anticipated outcomes have been accomplished. Ultimately, success is achieved where the anticipated principles are set, and a program is efficiently established. This will guarantee that the previously experienced problems within the organization are sorted.

Short Term and Long Term

Strategic management necessitates the enterprise owner and administrative leadership to co-operate effectively. The management team ought to disseminate information to make pronouncements while considering the firm’s best interests. According to Hickman and Silva (2018), it is not adequate to provide executives all the power to make pronouncements in their areas of operation. It is essential for the managers to consider the overall company’s needs or the strategic objectives before making pronouncements. Without the considerations, their actions may harm their operation areas further than the scope of authority. In big corporations, a strategic management committee should be put in place. This includes members that represent several groups of stakeholders. The executive may execute strategic management pronouncements and plan appropriately in a small enterprise, even though it may need a direct contribution by consumers and contractors.  Moreover, the executives may require participation from each department in the corporation.  The membership of the strategic management team may comprise of executives, technical professionals, and company personnel. If the company has a unionized labor force, the company may also require agents from shared bargaining components.

Before writing the company’s short-term objectives, it is vital to consider the company’s market position. Writing long-term goals will assist the company in accomplishing the vision. These objectives will help achieve the company’s purpose and achieve a particular market position for a specific period. Personnel should offer contributions before the process of setting long-term goals and having accessibility to a record of the ultimate objectives. Their administrators will assist them in understanding how the objectives can be accomplished. As compared to long-term objectives, short-term objectives are scheduled, assessable, and explicit. They define how the executive can execute long-term objectives. Administrators take care of the particulars of allocating definite short-term objectives, or part of the objectives, to people. As the business owner, it is essential to follow up and witness if objectives are being assessed and accomplished by various subdivisions within the company and the members of staff. If changes within the business are evident, then the executives should collaborate with the management team to adjust the short-term purposes. If temporary strategic objectives are not being accomplished, the executive should shift the personnel to diverse roles to attain improved outcomes the second time.

Evaluating the Impacts of the Resources

The resources used within the corporation are out-of-date. This may lead to the slow execution of tasks. Software within the business is also obsolete. This may have a grave impact since, with the out-of-date software, the corporation may not develop modern applications while also considering the rising competitiveness. If an organization cannot produce the products with fresh features, then the items may not result in low sales. Another aspect is that updated software offers numerous elements that will assist the organization in executing tasks fast. With out-of-date software, the business may not be able to perform the tasks rapidly.

Human resources are also turning out to be short within companies as staff members are tendering their resignations due to the crisis.  This will lead to more challenges for the company as it is not essential to execute the projects without human resources or a small number of personnel. The corporation loses competent staff members, and reassigning duties to the remaining staff members frequently involves additional charges and fatigue. Workers that maintain the position after downscaling the number of staff often feel apprehensive regarding the tasks. This leads to a decrease in the morale levels amongst the employees, along with low client services. This signifies that the company’s efficiency may suffer. Restructuring business models are likely to increase the investor’s doubt in the company’s future. The corporation is expected to lose financiers if it fails to reassure the stakeholders of a prospective future. This may diminish the corporation’s financial resources.


Efficient management of what manner and why changes occur in a company may either result in a positive or negative outcome of how the changes may affect the corporation.  Productively utilizing the skills by the management may help minimize the level of opposition an employer may face when attempting to implement new changes.  Moreover, altering any existing regulations and strategies of how the businesses are operated.  Aggressively integrating employee feedback is considered a great way of finding out when changes need to happen and what kind of changes may benefit the corporation in the short and long-term.




Al-Haddad, S., & Kotnour, T. (2015). Integrating the organizational change literature: a model for successful change. Journal of organizational change management.

Hayes, J. (2018). The theory and practice of change management. Palgrave.

Hickman, C. R., & Silva, M. A. (2018). Creating excellence: Managing corporate culture, strategy, and change in the new age. Routledge.

Smither, R., Houston, J., & McIntire, S. (2016). Organization development: Strategies for changing environments. Routledge.

Calculate your paper price
Pages (550 words)
Approximate price: -


Quality Research Papers

If you’re looking for an Essay writing service to help turn all of your hard work into a product that readers can appreciate, then look no further than our essay writing website. With a team of writers who go the extra mile, and customer support representative’s around-the-clock eager to assist you, we are ready to ace any exam or provide any posterity with what they need.

Top Assignment Writers

Our essay writers are experienced professionals who have the knowledge to write an essay about any subject matter in an interesting way while maintaining academic integrity. Our professional essay writers work day and night to ensure that you receive quality essays on time without any delay or interruption. With many years of experience behind us, our essay writing website is now led by professionals with extensive knowledge in various fields of study.

Zero Plagiarism

For any write my essay for me request, you will never need to worry about plagiarism or getting caught up in the stress of completing assignments when you use our professional services! Get started today by ordering your first paper from us and we'll give you 10% off!

24/7 Customer Support

We are available 24/7, 365 days a year to help you out with your academic needs! if you have any "do my paper" questions or technical concerns, simply chat with one of our essay writing customer service representatives via the Chat Window on the bottom right corner of this screen

Prompt Delivery and 100% Money Back Guarantee

These academic experts are distinct from most other essay writing websites because they have doctoral degrees and decades of professional experience in academia. And because they know how overwhelming college life can be, we waive all minimum deadlines so you can focus on studying without worrying about your assignment always hanging over your head.

Free Revisions

Our Academic writers are confident and highly capable to take on any challenge ranging from a simple high school essay, question and answer assignment help, PowerPoint Presentation, research paper, dissertation, among others . However, we do not allow customers who abuse the free revisions privilege.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

When the world rushes and deadlines increase, it's hard to put your best foot forward. is here to help you with top quality essays on all topics, from history papers and engineering design descriptions to sociology case studies. For any write my essay for me request, you can count on a professional team of essay writers who are well experienced and researched in their field as they develop an original paper for you with 24/7 customer support.


Homework Help Service is an excellent solution for all your problems regarding writing an outstanding admission essay. You don't need to worry about anything anymore because we will provide you with high-quality papers written by expert writers who know how to write professionally!


Paper Formats and Types

From time management skills to APA format citations; from MLA formatting rules for research papers; from college application essays where the stakes are high--all these aspects of academic life become clearer as we write it all down on paper! is a professional essay writing service that provides students with well-researched, high quality essays on any topic and at any level of study.


Editing & Proofreading

Some of our clients prefer to write their essays themselves and have a third-party like proofread it for errors after they are done writing. We have a skilled team of editors who examine your paper closely, looking out for any mistakes that may lessen the appeal or effectiveness of the essay as well as make amends in order to better improve its overall quality before you submit it anywhere else! For all your editing needs, turn to


Revision Support

You work hard at your academics, and you should be rewarded, with a revision or modification for free on any order from a discursive essay , assignment to dissertation papers.