An industrial engineering approach to the restructuring of a business

Abstract

Golf in SA and in the world has grown into one of the largest industries over the last few years. Based on the “Economic Impact Study of Golf in South Africa” (2008) by IFM Sports Marketing Surveys it can be seen that there are two prominent parts in the industry: Core (Excising Facilities, New Developments, Golf Equipment, Golf Events and Advertising & Media) and Enabled (Golf tour operators and Golf estate Property). The estimate of the total investment in the two segments is approximately R29.2 billion with core contributing R12.9 and enabled R16.2 billion. Industrial and Systems Engineering provides many techniques that can be used in consultation projects on Golf Estates and Courses. Golf & Estate Management & Consulting (Pty) Ltd. (GEMC) have consulted with an Estate and have taken over all operational procedures. The aim is to restructure the business and to turn the organization into a profitable business at a sustainable level. This report is based on a Literature Review, and applicable methods, tools and techniques to generate a final solution/design. The Literature Review segments are discussed in more detail as follows:Project Management Feasibility Analyses Arena Simulation Modelling Financial Management (Break Even Analysis & CVP Graph) Sensitivity Analyses Quality Management Seen holistically the business needs to address all aspects of operations. The setting up of new departments with an Organizational Structure became the initial step in solving the problem as seen in Appendix 1. Thereafter all other aspects are addressed accordingly in the design/solution phase of this report.