Read "The Wallace Group‚" Case below and answer the following questions. 1. What is the most important problem facing the Wallace Group? 2. What recommendation(s) would you make to Mr. Wallace‚ and in what order of priorities? 3. How do you educate a manager to manage an organization as it evolves over time from an entrepreneurial structure to a more sophisticated and complex organizational structure? The Wallace Group By: Laurence J Stybel Frances Rampar‚ President of Rampar
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The Wallace Group Case Study Introduction This paper will address the most important problems facing The Wallace Group. Recommendations to Harold Wallace‚ President and Chairman of the organization will be formulated‚ in an effort to begin the process of restructuring the company for development and growth. Finally‚ a description of how to educate a manager to manage an organization as it evolves over time from an entrepreneurial structure to a more complex structure will be discussed. The
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Case Study The Wallace Group The Wallace Group case study is a classic reflection of challenges and opportunities confronted by a company undergoing the process of organizational transformation. The Wallace Group being presided over by Mr. Harold Wallace is operating three independent companies involved in the ever expanding businesses of electronics‚ chemicals and plastics. With the present environment offering many opportunities‚ the Group is faced with multi-dimensional challenges as well
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What is the most important problem facing the Wallace group? Mr. Wallace has all the control over policy and operations and he is only concerned with profit. He is not looking at planning for the future development or staff. The staff he has doesn’t have the back ground to operate in management positions. Because Mr. Wallace is the chairman and president of the Wallace group. He continues to make the decisions for the companies of the individual’s employed by him. It is like one person is dictating
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Case 2 The Wallace Group‚ Inc. I. CASE ABSTRACT Harold Wallace‚ founder‚ serves as Chairman and President of the Wallace Group. He owns 45 percent of the outstanding stock. The company consists of three operating groupsElectronics‚ Plastics‚ and Chemicals‚ which generate sales of $70 million. Mr. Wallace continues direct operational control over the Electronics Group. Several years ago‚ Wallace and the Board embarked on a strategy of diversification into plastics and chemicals in order
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things in mind I can proceed with reading "The Wallace Group‚" Case 2 in the text. After reviewing "The Wallace Group‚" Case 2 I was able to determine that there are several problems occurring within this company. However‚ the most important problem facing the Wallace Group is improper management largely due to Harold Wallace’s "one track mind" focused on the bottom line which lacks vision and direction. The Wallace group is comprised of three groups: plastics‚ chemicals and electronics. The program
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I. FACTS: Harold Wallace‚ founder‚ serves as Chairman and President of the Wallace Group. He owns 45% of the outstanding stock. The company consists of three operating groups’ electronics‚ plastics and chemicals which generate sales of $70 million. Mr. Wallace continues direct operational control over the Electronics Group. Several years ago‚ Wallace and the Board decided on a strategy of diversification into plastics and chemicals in order to decrease the company’s dependence on defense-related
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The Wallace group is devised from three sub-groups as: Electronics‚ Chemicals and Plastics. Harold Wallace was the original owner of the electronics company‚ but now has 45% of the stock and runs the group as Chairman and President after acquiring the plastics company and then the chemical company. But each of the three groups is run by a Vice President. Recently‚ Hal Wallace asked Rampar to conduct a series of interviews with some key Wallace Group employees‚ in preparation for a possible consulting
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Melissa Baldan Prepared for Dr. Mike March 24‚ 2005 MGT 485 Unit 1 IP During the evaluation of the Wallace Group‚ it has come to my attention that several key factors are obstructing the growth of the company. The main issue in determining how these factors can be changed is by remolding the company outlook. It is imperative that The Wallace Group change their business perspective to a strategic choice perspective. This perspective utilizes an outlook such that the organization adapts to the
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Individual Project Unit 1. A. What is the most important problem facing the Wallace Group? There are several problems facing the Wallace Group‚ but it seems the most crucial problem facing the group is two-fold; the lack of vision and direction from the CEO‚ Harold Wallace and improper management. a. His diversification program that resulted in the acquisition of the chemical and plastics divisions lacked forward looking vision. He simply required the companies to uphold a profitable operation
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