Case study: Jordan Cement Factories
Paper details:
Share in a discussion post the approach to change you identified within the Chapter 9 case study.
Include the following in your response:
1. What change model was selected in this process (Planned change, Emergent change, or Processual/contextual perspective?), and what options/approaches do you feel that leadership potentially missed?
2. How did individual perception of the change process influence the end result?
The main objective of this study is to evaluate the impact of privatization on the financial and operating performance of the Jordanian Cement Factories Company (JCFC)..
Jordan Cement Factories Co. Ltd. is engaged in the manufacture and distribution of cement. Its products include blended cement, specialty cement, and Portland cement. The company was founded on December 29, 1951 and is headquartered in Amman, Jordan. Jordan gained its full independence from the United Kingdom on 25 May 1946. In 1955 it became a member of the United Nations and in March 1957 it severed ties with the UK completely when King Hussein prematurely ended the 1948 Anglo-Jordanian Treaty.
Recently, Jordan has retained peaceful relationships with all its immediate neighbors. This is not entirely unrelated to its dependence on other countries for the supply of oil and water, both of which it lacks. Indeed, Jordan is one of the most water-poor nations in the world. It commissioned plants in Fuhais and Rashadiya and soon set up a terminal at the Red Sea port of Aqaba.
The recent history of the cement industry in Jordan starts in 1998, with the sale of 33% of the shares of Jordan Cement Factories (JCF) to Lafarge. The transaction was part of a far larger privatization scheme started by the Jordanian government in 1996, which has seen a large-scale privatization of major state-owned companies. Since 1998 Lafarge has gradually increased its stake to a majority holding and the renamed Jordan Cement Company now operates as a subsidiary of Lafarge.
Share your thoughts on how you would have handled the situation.
