Keys to Recovery and Success of Simmons Essay Example | Topics and Well Written Essays - 500 words

Keys to Recovery and Success of Simmons - Essay ExampleTaking the Simmons example, the gross revenue department of the company was devising redundant phone calls to large retail and furniture stores while the retail vogue had switch overd to customers preferring local stores. But the company following past trends had missed this development and had not analyse the situation in its proper context to avail and keep abreast of the situation and change accordingly. Moreover, taking into perspective the marketing strategy, the firm was still focused on the 4 Ps of marketing and the communication was manifold and unfocused, making sense only to the company and its marketers. Therefore, the company had to revisit its communication strategy to make it more than effective for receivers and the target was shifted from the conventional 4 Ps of marketing to the four basic drivers of sales positioning, purchase and post-purchase merriment and product trials. Along with these issues arrogan ce with success also led to the downfall of the organization when the company failed to attend to its employees and the CEO was neglected to be informed of inconsistencies in the implementation of the new vision and the culture of change and learning. As the Executive Leadership Team was not walking-the-talk in price of following and believing in the organizational culture, feedback from internal and external sources was not forthcoming depriving the organization of valuable insight into the situation and making the organizations employees and customers feel that the ideas were being thrust upon them. This led to discord and a feeling of dissociation with organizational values among employees. Hence, it is imperative for an organization to have a firm base in terms of strategy, organizational structure and culture and keep on learning and focus on constant improvement. many may argue that strategy is more important than structure or that culture is the most general factor in suc cess. But the verified truth is that all three are important components in building upon a companys success.