Wallace Group Strategic analysis Essay -- essays research papers

The Wallace conclave is a community that manufactures and develops technical products and systems. It has three primary coil operational groups consisting of electronics, plastics, and chemics. By far the largest asset of the Group is the electronics. This asset is close to the size of both the plastics and chemical groups of the corporation. It also contributes the most to the net income at approximately 70%. 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 sire with, the company seems to have difficulty in the hiring process. It seems that the company is focused on cutting woo rather than looking for effective employment solutions. For example, instead of creating a management developing program to train and recruit managers, the company relies on promoting technical staff. The cost cutting approach is also impede the hiring of qualified engineers. The company focuses on hiring employees at the least possible wage as an alternative to paying the required amount for qualified expertise. another(prenominal) issue that arises is un-standardized methods of collecting data and presenting information. For example both the vice chairman of market 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 fundamentally the same purpose, and therefore they create redundancy and high workloads. By far, the most crucial problem facing the group is the deprivation of vision and direction from the president, Mr. Wallace himself. 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 direct ion to make better. In terms of priority, I would first recommend that the Wallace Group implement a corporeal validation policy familiar to a business of its size. This would require that the company succeed a board of directors. A board of directors has five responsibilities1.Setting corporate strategy, overall direction, mission, or visio... ... management techniques from them. This is particularly solid approach since the methods assiduous have already been tested and the results can be predicted. The other hypothesis I would use to educate Mr. Wallace is the organizational learning theory. It states that organizations adjust defensively to a changing environment and use knowledge offensively to improve the fit between the organization and its environment. (Wheelen, pg8) To utilize this theory the company mustiness respond to the changes to reduce negative impacts and position itself to take action. This allows for the company to essentially learn from its environment an d lead to its own innovations in strategic management. ReferencesWheelen T.L., hunger J.D., Strategic Management and Business Policy Prentice Hall, Upper commit River, NJ (2004)Bay Area Industrial Education Council, Employee turnover cost table retrieved Jun 10, 2005http//www.baiec.org/Employee%20Turnover%20Costs.PDFsearch=employee%20turnover%20costsInformation Week Issue 1041 Wal-Mart to Suppliers Clean Up Your Data retrieved Jun 10, 2005http//search.epnet.com/login.aspx?direct=true&db=bsh&an=17226667&loginpage=Login.asp