The New Pay Plan: Summertime and the Livin's Not Easy! Description
Dr. Fred Carroll, a professor at Regency State, a large university in the Southeast, stopped in to talk to his department chairman, Dr. Ken Winston, about a likely change in the summer faculty pay plan. Rumors were circulating that summer teaching compensation would be cut. Winston, in an uncomfortable situation, replied that the College faced a serious budget shortfall, and the administration was looking at ways to reduce costs, in particular, the high costs of summer instruction. Carroll, who formerly had been a department chair, countered that summer compensation was just one of many possible areas for reducing costs and identified several other options. He did not accept the explanation that the budget must be balanced by reducing summer pay, and remarked that it was unfair, even discriminatory, and contrary to University policy. He vowed to investigate the situation and talk with Winston again. Along with Carroll several other faculty members had expressed their concerns about changes in summer pay to Winston. Faculty summer pay at Regency State was based on a percentage formula that was tied to the faculty member's academic year; those with higher salaries earned higher pay for a summer course. To reduce the summer compensation budget by about 25%, the dean, associate dean, and department chairs were looking at various ways of cutting costs. With the tradition of many year-round students and large summer enrollments, many faculty members were accustomed to getting significant summer pay to supplement their academic-year salaries. Winston, along with the other College administrators, were challenged in identifying alternatives and finding a satisfactory solution to the budget problem that would reduce summer compensation costs yet minimize adverse effects on faculty morale.
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Case Analysis of The New Pay Plan: Summertime and the Livin's Not Easy!
The New Pay Plan: Summertime and the Livin's Not Easy! is a Harvard Business (HBR) Case Study on Organizational Development , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. The New Pay Plan: Summertime and the Livin's Not Easy! is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. The New Pay Plan: Summertime and the Livin's Not Easy! case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. The New Pay Plan: Summertime and the Livin's Not Easy! will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
The New Pay Plan: Summertime and the Livin's Not Easy!
case study solution
is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Organizational Development, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of The New Pay Plan: Summertime and the Livin's Not Easy!, is to not only build a competitive position of the organization but also to sustain it over a period of time.
Strategic Management Tools Used in Case Study Solution
The The New Pay Plan: Summertime and the Livin's Not Easy! case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
Texas Business School Approach to Organizational Development Solutions
In the Texas Business School, The New Pay Plan: Summertime and the Livin's Not Easy! case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – The New Pay Plan: Summertime and the Livin's Not Easy!
Step 1 – Problem Identification of The New Pay Plan: Summertime and the Livin's Not Easy! - Harvard Business School Case Study
The first step to solve HBR The New Pay Plan: Summertime and the Livin's Not Easy! case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Summer Winston is facing right now. Even though the problem statement is essentially – “Organizational Development” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Summer Winston, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.
Step 2 – External Environment Analysis
Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the The New Pay Plan: Summertime and the Livin's Not Easy!.
The external environment analysis of The New Pay Plan: Summertime and the Livin's Not Easy! will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.
What is PESTEL Analysis? Briefly Explained
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in The New Pay Plan: Summertime and the Livin's Not Easy! case study. PESTEL analysis of " The New Pay Plan: Summertime and the Livin's Not Easy!" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?
As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with The New Pay Plan: Summertime and the Livin's Not Easy! macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for The New Pay Plan: Summertime and the Livin's Not Easy!
To do comprehensive PESTEL analysis of case study – The New Pay Plan: Summertime and the Livin's Not Easy! , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.
Policy Making Impact on The New Pay Plan: Summertime and the Livin's Not Easy!
Government policies have significant impact on the business environment of any country. The firm in “ The New Pay Plan: Summertime and the Livin's Not Easy! ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.
Data safety laws – The countries in which Summer Winston is operating, firms are required to store customer data within the premises of the country. Summer Winston needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.
Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. The New Pay Plan: Summertime and the Livin's Not Easy! has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Summer Winston in case study The New Pay Plan: Summertime and the Livin's Not Easy!" should look into the import restrictions that may be present in the prospective market.
Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Summer Winston in case study “ The New Pay Plan: Summertime and the Livin's Not Easy! ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Summer Winston in case study “ The New Pay Plan: Summertime and the Livin's Not Easy! ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on The New Pay Plan: Summertime and the Livin's Not Easy!
Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.
Tariffs – Chekout how much tariffs the firm needs to pay in the “ The New Pay Plan: Summertime and the Livin's Not Easy! ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Summer Winston can compete against other competitors.
Government Scheme & Subsidies Impact on The New Pay Plan: Summertime and the Livin's Not Easy!
Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at The New Pay Plan: Summertime and the Livin's Not Easy! case study have to assess whether their business can benefit from such government assistance and subsidies.
Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.
Political System & Stability, and its Impact on The New Pay Plan: Summertime and the Livin's Not Easy!
Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.
Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.
Corruption level – Summer Winston needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.
Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.
Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.
Economic Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Social Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Technological Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Environmental Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Legal Factors that Impact The New Pay Plan: Summertime and the Livin's Not Easy!
Step 3 – Industry Specific Analysis
What is Porter Five Forces Analysis
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in The New Pay Plan: Summertime and the Livin's Not Easy! case study. PESTEL analysis of " The New Pay Plan: Summertime and the Livin's Not Easy!" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
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