Management of Harvey Norman Holding Samples †MyAssignmenthelp.com

Question: Discuss about the Management of Harvey Norman Holding. Answer: The key issues and problems in the Harvey Norman Holding are seen in the same-store sales growth. There is a decline in the economy of the company. Another problem is the debt issue. The companys debt levels are rising and the debt position of the company is deteriorating further (www.afr.com, 2017). The key implications for change management include the understanding of the psychology of change and the guiding principles. The information that is transferred from the sender to the receiver has to reach successfully. The Harvey Norman Holding is the largest retailer of the electrical and entertainment goods. They have attractive promotional offers that attract customers from all strata of life. The company has a workforce over ten thousand plus employees. The company has certain weaknesses. The Harvey Norman Holding has faced a number of controversies due to the alleged illegal business practices. There is stiff competition from other global players and the market share growth has been limited. The company should provide the high quality products at low prices, which may be a tactic the company could apply to win over the mind of the consumers. The expansion into the lifestyle product segment is an advantage on the brand name. The Harvey Norman Holding faces certain threats. The c onsumer durable segment is very conscious about the quality and brand name. There has to be maintenance of the consumer top mind position in the segment of consumer durable segment. A proper channel to manage the resistance is necessary to resolve the objections. The value systems contain the work strategy, customization and the specific change in the management action plan (Harvey Norman Holdings, 2017). References Harvey Norman Holdings. (2017). Company Overview. Harvey Norman Holdings. Retrieved 1 August 2017, from https://www.harveynormanholdings.com.au/company/ www.afr.com. (2017). Harvey Norman earnings report skips detail on problem loans to franchisees. Financial Review. Retrieved 3 August 2017, from https://www.afr.com/business/retail/harvey-norman-earnings-report-skips-detail-on-problem-loans-to-franchisees-20161102-gsgioc