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Topic: Business
Number of pages / Number of words: 2 / 486
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MEPD can implement their new vision and strategy by developing a balanced scorecard with an employee, internal process, customer, and financial perspective which will help transform them into a strategy focused organization

The cooperation between departments can be improved by implementing cross-functional product teams ? in a matrix structure ? each owning all aspects of their product development projects and empowered to make decisions...


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Additionally, the division should give "liaison" responsibilities to a mid-level manager on each functional team. These managers should meet on a regular basis to facilitate the flow of information and create a team-oriented culture. MEPD might also create a task force to identify opportunities to achieve low-cost/high-quality production in response to changes in the market place...


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