Strategic Management: The Wallace Group

Summary The Wallace Group is a $70 million bon ton that deals in the development and manufacturing of electronic, plastic and chemical products. (Wheelen & adenylic acid; Hunger, 2006). Harold Wallace, the chairwoman and chairwoman of The Wallace Group, held 60% of the lodges stock when it was dealing solely in the electronics industry. Since the skill of the plastics and chemical companies, his holdings slightly decreased to 45% (Wheelen & angstrom unit; Hunger, 2006). However, he continues to serve as the organizations President and Chairman turn separately group is individually run by a iniquity President (Wheelen & Hunger, 2006). Harold Wallace enlisted the help of Frances Rampar, President of Rampar Associates, to behave an organisational analysis and provide a prioritized list of strategic recommendations to redeem out the direction of the company over the next course of instruction (Wheelen & Hunger, 2006). Problems A c atomic number 18ful review of The Wallace Groups history nd current blot identified a number of ingrained issues that must be addressed in order for the company to succeed in its goal of diversification and also keep competitive in a global business environment. The intimately prominent count facing The Wallace Group is the disproportionate allotment of authority as it applies to corporate governance. The corporate governance organize specifies the distribution of rights and responsibilities among contrasting participants in the corporation (Cadbury, 2002, p. 15). In the caseful of The Wallace Group, Harold Wallace acts as twain the President and Chairman of the board of directors, which gives him an coarse amount of promise over the direction of the company. While this entrepreneurial mode of worry may have worked in an enterprising electronics company, the acquisition of the two new companies has rendered this style impractical. (Wheelan & Hunger, 2006). Since Harold Wallaces interests are being shared out amongst the three operati! onal divisions, no(prenominal) of them are... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper