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Management

Overview You are a business development manager in a life sciences organization based in the Midwest. You report to the vice president (VP) of business

May 10, 2024

Overview

You are a business development manager in a life sciences organization based in the Midwest. You report to the vice president (VP) of business development. While the organization has shown constant growth and profitability since its inception in 1999, the owners have decided that it is time to sell. The VP has called on you to join the strategic planning team to assess the organization’s exit strategy and make recommendations to the board of directors.

The proposed exit strategy means that the organization will be acquired by another one, which will be a major transformation for the organization and its employees. In order to support the employees through the upcoming acquisition, the planning team wants to understand how they are likely to respond to organizational change. To that end, they decide to ask employees to complete a strengths, weaknesses, opportunities, and threats (SWOT) analysis of their skills as they relate to change readiness. As a member of the planning team, you are one of the first people asked to complete a SWOT analysis and evaluate your change readiness.

Prompt

First, reflect on your own strengths, weaknesses, opportunities, and threats (SWOT) and how they help you accept or resist change. Then, perform a personal SWOT analysis and record the results in a Word document. Describe how you think this analysis impacts your change readiness skills to manage and lead the organizational change in the course scenario.

Specifically, you must address the following rubric criteria:

Strengths: Identify at least two strengths that support your readiness for change.
Weaknesses: Identify at least two weaknesses that might get in the way of change.
Opportunities: Identify at least two opportunities you can use to leverage your strengths.
Threats: Identify at least two threats that you would like to minimize.
Change Readiness: Explain what your SWOT analysis reveals regarding your change readiness for the proposed acquisition of the organization in the course scenario.

What to Submit

Submit a 1- to 2-page Word document. Sources should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations.

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