Alright, here is my first challenge to the network. Sorry about the delay! This challenge requires Management skills, knowledge in Economy, Media, Business, HR. I had to solve it during my Management cla**** at the university. I formed a team together with a friend and we turned this challenge into real fun. I suggest you also team up and work together. Here we go:
Description: You are consultants. A rich investor wants to buy an existing cable television company in your country, rearrange its structure in an innovative way and later build a second media that is connected to the first one. He just has the money. You do all the other work. Ten tasks, one week till my second challenge! It's your turn! Good luck!
1. Choose a media. It should be a cable TV canal or canals, owned by some company you'd like to buy with the investor's money. Give a link to their official website and explain your choice.
2. Rearrange the structure of the company. Be creative! Make new branches, release the unnecessary ones. Put new managers, specialists if they are needed. Make a new functional tree that suits your future plans.
3. Analyze the inner and outer environment. Who are you on the market? Who are your competitors? How will you deal with them?
4. Culture of the company. Change it! Make new strategies, ethics, values, politics, use new tools and methods.
5. Create the second media. It can be a social network, Internet TV, scientific channel, etc, etc.
6. Strong and weak points of the new organization. Analyze them! This is called
SWOT analysis.
7. Give a great example of a media that uses successful strategies and tactics.
8. Plan the annual budget of the company. If 12 months seem too much, make a 6-monh budget, or even shorter. Create an innovative control mechanism for the execution of the budget plan.
9. Build the communication system inside the media. How will the managers control what information comes in and what comes out? Will you add a VPN to the company?
10. Create motivation strategies for the future employees and set the most suitable leadership style.
When you finish, you'll have to present the new company to the investor in a creative way. Use your blog, a video, a PowerPoint presentation, etc. and make a wonderful project to fascinate the investor!
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