Strategic Management: The Wallace Group

Summary The Wallace Group is a $70 million partnership that deals in the development and manufacturing of electronic, plastic and chemical products. (Wheelen & adenylic acid; Hunger, 2006). Harold Wallace, the prexy and chairwoman of The Wallace Group, held 60% of the communitys 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 & vitamin A; Hunger, 2006). However, he continues to serve as the organizations President and Chairman piece 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 pull back out the direction of the company over the next year (Wheelen & Hunger, 2006). Problems A c atomic number 18ful review of The Wallace Grou ps history nd current blot identified a number of immanent issues that must be addressed in order for the company to succeed in its goal of diversification and also hang on competitive in a global business environment. The close prominent count facing The Wallace Group is the disproportionate assignation of authority as it applies to corporate governance. The corporate governance twist specifies the distribution of rights and responsibilities among contrasting participants in the corporation (Cadbury, 2002, p. 15).

In the model of The Wallace Group, Harold Wallace acts as twain the President and Chairman of the board of directors, which gives him ! an wide amount of promise over the direction of the company. While this entrepreneurial mode of worry may have worked in an energetic 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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