Sony, the Japan-based multinational
conglomerate, is one of the leading manufacturers of consumer electronics
devices and information technology products. Sony was responsible for
introducing path breaking products like the Walkman, the Discman, and the
PlayStation gaming console, among others. But in the late 1990s, it lost its
leadership position in many product lines in which it was operating. Analysts
attributed this to the silo culture prevailing in the organization. Each of the
departments functioned like different fiefdoms, hardly cooperating with each
other, even when it was necessary. Moreover, Sony's growing complacency led to
its failing to recognize the growing popularity of new technologies and digital
products and the company choosing to stick to its proprietary formats.
Sony was caught off-guard and tried
to revive itself under the guidance of its first non-Japanese head Howard
Stringer, who took over as the CEO in 2005.
For a couple of years, Sony appeared
to be on the path to revival.
However , for the fiscal year ending March
2009, the company reported a loss. Sony's failure to bring out innovative
products in spite of having the required competencies was one of the main
reasons for the company's problems, and analysts attributed it to the existing
culture in the company. In February 2009, with the aim of addressing the issue
of its silo culture, Stringer announced a reorganization that involved changes
in the organization structure. Through this reorganization, he sought to
transform Sony into an innovative and agile company. However, it remains to be
seen whether the reorganization can bring Sony out of its problems.
Issues:
» Examine the
challenges faced by Sony in a competitive global business environment.
» Analyze how Sony can make its products competitive and foster innovation.
» Examine the efficacy of the reorganization program initiated by Stringer in turning around Sony and solving its problem relating to the silo culture.
» Analyze other measures that need to be taken by Stringer to restore profitability of Sony.
» Analyze how Sony can make its products competitive and foster innovation.
» Examine the efficacy of the reorganization program initiated by Stringer in turning around Sony and solving its problem relating to the silo culture.
» Analyze other measures that need to be taken by Stringer to restore profitability of Sony.
Instructions
Time limit --- 4+1 minutes
Max no. of
slides ----- 6 slides
Dress code ------ formal wear
In the slides, make the points in the bullets
format
Participants to be
present at the venue at 2 p.m. sharp
Wish you all luck...
Cheers..:)