Parties involved:
Garreth Welch- Chairman and group CEO, 59 years old
Richard Deakin- President of West Coast Operations and CEO of Columbia Solutions
Catherine Simpsons- head of Sales at Columbia Solutions
Ray Wilson- Financial Controller at Columbia Solutions
The Company:
A medium-sized corporation which owns a number of IT and media related companies in Canada.
Garreth Welch founded the corporation. His business style is to identify promising managers and to give them relatively free hands to achive results. No top-down managment style, believes in delegation and that people should ne empowered and trusted, not supervised and controlled. Welch belives that people are basically honest.
Richard Deakin has been offered a job as President of West Coast operations by Welch. Deakin has been given full control of a new division and a seat on the Tamarind Board. Wanted to increase profits in the largets company in his new empire, Columbia Solutions. CS is based in Hope, a small town in Vancouver. CS is a very important contributor to the town, both in terms of tax revenue and employment.
Deakin made a new managment team consisting of 7 people. Three of them were internal promotions and another four were personally recruited by Deakin. All of them were young and ambitious, with the exception of Ray Wilson, the Financial controller who had been with the company from the outset. Deakin gave them clear and ambitious financial targets. He believes that people are motivated by personal gain. He generally left the managment team to themselves.
Effects:
* Customer testimonials were outstanding * Provided secure and well paid jobs * Enjoyed good PR through sponsorships of childrens sports clubs and cultural projects in Hope.
Disturbing news:
At a dinner two weeks ago, Welch was given some disturbing news ny Deakin. He decided to visit BS. He uncovered a series of practises and financial