Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Wallace continues direct operational control over the Electronics Group. The current morale within The Wallace Group has deteriorated to the point where some of the employee stockholders made an attempt to force Mr.
It has three primary operational groups consisting of electronics, plastics, and chemicals.
By far the largest asset of the Group is the electronics. This asset is approximately the size of both the plastics and chemical groups of the corporation. The plastics and chemical divisions were acquired for the purpose of diversifying the income of the corporation from the original electronics group.
The Wallace Group currently faces some problems with it company in relation to improper management. To begin with, the company seems to have difficulty in the hiring process. It seems that the company is focused on cutting cost rather than looking for effective employment solutions.
For example, instead of creating a management developing program to train and recruit managers, the company Wallace group essay on promoting technical staff. The cost cutting approach is also impeding the hiring of qualified engineers. The company focuses on hiring employees at the least possible salary as an alternative to paying the required amount for qualified expertise.
Another issue that arises is un-standardized methods of collecting data and Sorry, but full essay samples are available only for registered users Choose a Membership Plan presenting information.
For example both the vice president of marketing and the director of advanced systems collect and utilize data for marketing purposes.
Their problem lies in the fact that both managers are using different data and formats for essentially the same purpose, and therefore they create redundancy and higher workloads.
By far, the most crucial problem facing the group is the lack of vision and direction from the president, Mr. His diversification program that resulted in the acquisition of the chemical and plastics divisions lacked forward looking vision. He simply required the companies to maintain a profitable operation without any direction to improve.
In terms of priority, I would first recommend that the Wallace Group implement a corporate governance policy familiar to a business of its size. This would require that the company adopt a board of directors.
A board of directors has five responsibilities: Setting corporate strategy, overall direction, mission, or vision 2. Hiring and firing the CEO and top management 3. Controlling, monitoring, or supervising top management 4.
Reviewing and approving the use of resources 5. Caring for shareholder interest By setting a corporate wide strategy the group will have a direction to focus its resources on.A.
What is the most important problem facing the Wallace Group? There are several problems facing the Wallace Group, but it seems the most crucial problem facing the group is two-fold; the lack of vision and direction from the CEO, Harold Wallace and improper management.
The Wallace Group Case Analysis Essay - The Wallace Group Case Analysis Introduction The Wallace Group is a diversified company that deals in the manufacture and development of technical products and systems. The company consists of three primary operating groups, electronics, plastics, and chemicals.
The Wallace Group case analysis Essay The Wallace group is devised from three sub-groups as: Electronics, Chemicals and Plastics. Harold Wallace was the original owner of the electronics company, but now has 45% of the. Free Essay: Running Head: THE WALLACE GROUP- CASE STUDY Unit 1 IP- The Wallace Group George DelMoral AIU Online MKT46 MGT Global Strategic Management Matt.
The Wallace group is devised from three sub-groups as: Electronics, Chemicals and Plastics. Harold Wallace was the original owner of the electronics company, but now has 45% of the stock and runs the group as Chairman and President after acquiring the plastics company and then the chemical company.
The Wallace Group Case Study Introduction This paper will address the most important problems facing The Wallace Group. Recommendations to Harold Wallace, President and Chairman of the organization will be formulated, in an effort to begin the process of restructuring the .