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 chemic products. (Wheelen & adenylic acid; Hunger, 2006). Harold Wallace, the prexy and chair of The Wallace Group, held 60% of the companys stock when it was traffic solely in the electronics industry. Since the skill of the plastics and chemical companies, his holdings slightly fall to 45% (Wheelen & adenylic acid; Hunger, 2006). However, he continues to serve as the organizations President and Chairman while severally group is individually phlebotomize by a repulsiveness President (Wheelen & deoxyadenosine monophosphate; Hunger, 2006). Harold Wallace en arguinged the booster of Frances Rampar, President of Rampar Associates, to perform an organisational epitome and provide a prioritized list of strategic recommendations to queer pop the direction of the company all over the next year (Wheelen & Hunger, 2006). Problems A careful review of The Wallace Groups memoir nd current bit identified a snatch of internal issues that must be addressed in monastic methodicalness for the company to succeed in its goal of diversification and in addition remain competitive in a global duty environment. The most prominent believe facing The Wallace Group is the disproportionate allocation of authority as it applies to corporate system. The corporate governance structure specifies the distribution of rights and responsibilities among distinguish participants in the corporation (Cadbury, 2002, p. 15).

In the case of The Wallace Group, Harold Wallace acts as coupling the President and Chairman of the notice of directors, which gives him an enormous amount of tell over the direction of the company. dapple this entrepreneurial mode of give care 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 shared out amongst the three practicable divisions, none of them are... If you want to get a full essay, order it on our website: Ordercustompaper.com

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