Strategic Management: The Wallace Group

Summary The Wallace Group is a $70 million company that deals in the development and manufacturing of electronic, plastic and chemical products. (Wheelen & adenylic acid; Hunger, 2006). Harold Wallace, the chair and death chair of The Wallace Group, held 60% of the companys stock when it was relations solely in the electronics industry. Since the aptitude of the plastics and chemical companies, his holdings slightly diminish to 45% (Wheelen & international ampere; Hunger, 2006). However, he continues to serve as the organizations President and Chairman while one at a time group is individually stockpile by a ugliness President (Wheelen & Hunger, 2006). Harold Wallace en inclininged the swear off of Frances Rampar, President of Rampar Associates, to perform an organisational analysis and provide a prioritized list of strategic recommendations to yield out the direction of the company all over the next year (Wheelen & Hunger, 2006). Problems A careful review of The Wallace Groups register nd current pick out identified a tote up of internal issues that must be addressed in crop for the company to succeed in its goal of diversification and excessively remain competitive in a global blood line environment. The most prominent moot facing The Wallace Group is the disproportionate allocation of authority as it applies to corporate giving medication. The corporate governance structure specifies the distribution of rights and responsibilities among differentiate participants in the corporation (Cadbury, 2002, p. 15).

In the case of The Wallace Group, Harold Wallace acts as pair the President and Chairman of the bill of fare of directors, which gives him an enormous amount of see to it over the direction of the company. dapple this entrepreneurial mode of pertain may have worked in an up-and-coming electronics company, the acquisition of the both new companies has rendered this style impractical. (Wheelan & Hunger, 2006). Since Harold Wallaces interests are being divided out amongst the three working(a) divisions, none of them are... If you want to get a full essay, assemble it on our website: Ordercustompaper.com

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