OVERVIEW/PURPOSE
University Consulting
has undergone some very serious changes in regards to management and the future
of the organization. The CEO Allison Trustworthy was laid off; the interim CEO Dr.
John Upward has stepped in and made the decision to dissolve University Consulting
and all of its assets. This exit strategy document will serve to give direction
to all current directors and employees in the Communications Department.
SCOPE
This policy
applies to all interns, managers, directors, and vice presidents within the University
Consulting Communications Department. Weekly evaluation progress will be
conducted to determine if adjustments are required to maintain the needs of the
stakeholders.
STRATEGY
Week 5/6
o
Receive special assignment from CEO Dr. John
Upward and start to flesh out what the dissolution of University Consulting
looks like.
o
Start to identify and take inventory of all
assets within University Consulting.
Week 7
o
Begin the process of documenting the scope of
work and customer profile for all current clients that University Consulting
services to include Media Consulting, Advertising, Social Media, The Careers
Department, and University Wellness.
o
Prepare termination letters for all of University
Consulting’s current clients, run these documents by CEO Dr. John Upward in
order to approve.
o
Identify all employees who are in the course and
create organizational chart.
o
Prepare University Radio for CEO Dr. John Upward
to preserve for the future of this program.
Week 8
o
Perform status update and check in on current
team assignments.
o
Assign new work as needed in order to keep
employees on track and able to perform their duties for 10 hours a week. These
assignments include white papers, ted talk speeches, MEME’s, and market
analysis.
o
Continue to help the management consulting team,
business process team, and future planning teams with their necessary
deliverables. Including preservation and documentation of all logins,
passwords, process documents, and other shared folders.
Week 9
- Perform
status update and check in on current team assignments.
- Prepare
for the closure of all business departments and begin finalize all
assignments and special projects.
- Ensure
all directors finalize their departments for dissolution and stress the
importance of documentation of all shared folders to the necessary
special projects teams.
Week 10
- Request
final approval on termination letter from CEO Dr. John Upward.
- Hold
final meeting to thank employees and interns for their hard work during
the dissolution, invite CEO Dr. John Upward to say a few words.
- Send
out all termination letters.
- Package
and share any final documents for the internship and perform a final
inventory of assets and documents.
EVALUATION/MONITOR PERFORMANCE
o
Perform
weekly temperature checks of each team and ensure confusion and stress is low
and provide clarification when needed.
o
Ensure
all Directors are expressing the same message to their teams in order to
dissolve University Consulting the most efficiently as
possible.
CONCLUSION
The above exit strategy is to serve as
documentation of process and procedures that will be carried out in the
dissolution of University Consulting’s
Communications Department. This document will be “living” up until the last day
of the term. Changes can and likely will be made. In closing, the interns that
are serving in this final term will learn a great deal of what is means to
dissolve an organization. The future of this program is being preserved by the
interns and all of the work that is being done to close down the operations of University Consulting’s business.
References
Alajoutsijarvi,
K., Moller, K., & Tahtinen, J. (2000). Beautiful exit: How to leave your
business partner. European Journal of Marketing, 34(11), 1270-1290. Retrieved
from
http://lib.kaplan.edu/login?url=http://search.proquest.com/docview/237015939?accountid=34544
Burgelman, R. A. (1996). A PROCESS MODEL
OF STRATEGIC BUSINESS EXIT: IMPLICATIONS FOR AN EVOLUTIONARY PERSPECTIVE ON
STRATEGY. Strategic Management Journal (1986-1998), 17, 193. Retrieved from
http://lib.kaplan.edu/login?url=http://search.proquest.com/docview/231170667?accountid=34544
