Strategic Management: The Wallace Group

Summary The Wallace Group is a $70 million association that deals in the development and manufacturing of electronic, plastic and chemical products. (Wheelen & adenylic acid; Hunger, 2006). Harold Wallace, the hot seat and chairwoman of The Wallace Group, held 60% of the bon tons 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 & international ampere; Hunger, 2006). However, he continues to serve as the organizations President and Chairman period 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 execute an organisational analysis and provide a prioritized list of strategic recommendations to read out the direction of the company over the next grade (Wheelen & Hunger, 2006). Problems A c atomic number 18ful review of The Wa llace Groups history nd current blot identified a number of sexual issues that must be addressed in order for the company to succeed in its goal of diversification and also stop competitive in a global business environment. The well-nigh prominent count facing The Wallace Group is the disproportionate allotment of authority as it applies to corporate governance. The corporate governance grammatical construction specifies the distribution of rights and responsibilities among contrasting participants in the corporation (Cadbury, 2002, p. 15).

In the eccentric of The Wallace Group, Harold Wallace acts as twain the Pr esident and Chairman of the board of directo! rs, which gives him an broad amount of promise over the direction of the company. While this entrepreneurial mode of worry may have worked in an hardworking 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 operational divisions, none of them are... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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