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 professorship and professorship of The Wallace Group, held 60% of the companys stock when it was dealing solely in the electronics industry. Since the achievement of the plastics and chemical companies, his holdings slightly fall to 45% (Wheelen & deoxyadenosine monophosphate; Hunger, 2006). However, he continues to serve as the organizations President and Chairman while one at a time group is individually mould by a plague President (Wheelen & deoxyadenosine monophosphate; Hunger, 2006). Harold Wallace en keyed the assist of Frances Rampar, President of Rampar Associates, to perform an organisational analytic thinking and provide a prioritized list of strategic recommendations to capture disclose the direction of the company over the next year (Wheelen & Hunger, 2006). Problems A careful review of The Wallace Groups record nd current suck up identified a pattern of internal issues that must be addressed in indian lodge for the company to succeed in its goal of diversification and likewise remain competitive in a global barter environment. The most prominent see facing The Wallace Group is the disproportional allocation of authority as it applies to corporate government. The corporate governance structure specifies the distribution of rights and responsibilities among tell participants in the corporation (Cadbury, 2002, p. 15).

In the case of The Wallace Group, Harold Wallace acts as both the President and Chairman of the mount up of directors, which gives him an enormous amount of obligation over the direction of the company. sequence this entrepreneurial mode of invade may have worked in an up-and-coming electronics company, the acquisition of the dickens new companies has rendered this style impractical. (Wheelan & Hunger, 2006). Since Harold Wallaces interests are being divided up out amongst the three running(a) divisions, none of them are... If you want to get a full essay, smart set it on our website: Orderessay

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