Preview

Eden Mccallum Case Study

Good Essays
Open Document
Open Document
4129 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Eden Mccallum Case Study
Executive Summary: Eden McCallum needs a plan of action to take it through the recession. There are several issues at play for the firm, all of which must be thoroughly examined. We have identified Eden McCallum’s business model, organizational structure, and work culture as its core challenges in the face of the recession, and we will attempt to understand why these issues have taken their current shapes. We will then evaluate potential action plans, weighing each against its effect on the financial survival, sustainability, and credibility of the firm. With these criteria in mind, we will present available options for Eden McCallum. These options can be broadly categorized as those that cut costs, those that maintain the status quo and current structure, or those that favor aggressive expansion. With all of this in mind, we will explain our plan of action and implementation for Eden McCallum, which includes smart cost cutting, reorganization for sustainability, implementation of quality controls and measures, and adherence to the firm’s core values, including the retention of current staff members.

The major issues affecting Eden McCallum are not independent; they are interwoven and interconnected. The economic recession is arguably the main event affecting the firm, but it is important to note that not all organizations are impacted by the recession in the same way. In Eden McCallum’s case, the company’s business model, organizational structure, and work culture are all issues that will factor into their response to the recession.

As a consulting firm, Eden McCallum serves companies in financial services, retail, and manufacturing. Each of these sectors has been severely impacted by the economic crisis. This has already affected the firm, as past growth forecasts for 2009 have not materialized. Further, it is not possible to gauge the extent of the impact and the duration of the present recession. In this climate of uncertainty,

You May Also Find These Documents Helpful

  • Better Essays

    In time of economic crisis, companies are looking for innovative methods to improve production and to meet the needs of a diverse workforce in order to improve or maintain the organization’s profit margin in a stress global economy. Indeed, companies are extremely concerned about their future, as well as, preventing closure of their establishment. SimmonsCompany is no exception. However, how does a major company make those changes when tradition is the foundation of their organization and the economic status of their company is in jeopardize of folding, if the right decision is not made? The need to allocation funds for the training and development of its and employees when major debts are owed to the company; thus, threatening bankruptcy is a problem facing Simmons Company.…

    • 1139 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Differentiating economic conditions over time, the implementation of technology to create a global marketplace, and naturalist have affected the organizations “bottom-line.” The organization’s business plan has served them well, but has become antiquated in today’s economic times. Economic indicators display needed change in organizational spending to improve the company’s market share position while increasing consumer interest. The organization’s management must consider new methods to increase revenue, reallocate expenses, and improve production for profit maximization. Although the company has proven steady growth throughout its business life, a recent 30% decline in profits reduced the company’s workforce by one-third. Many non-price barriers such as economic downturn in the construction industry, environmental awareness, and environmental conditions prove formidable adversaries to industry growth. Thomas Money Service’s fiduciary responsibility to redefine business operations is essential for survival.…

    • 1315 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    A few years ago, the economy of the United States, like other great economies across the globe, experienced unprecedented negative growth that eventually culminated into one of the greatest recessions in the history of nations. In direct consequences, millions and millions of individual Americans and businesses unjustly suffered undue economic,…

    • 2361 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    The decision to begin, enter, or continue with a business venture has a specific amount of risk associated with the undertaking and once begun specific goals and objectives need outlining and measurement devises put in place to confirm the future success of the entity. In a simple form, a strategic plan determines where an organization is going during the year to two years, how it will get there, and if it can reach the objective desired. There is a variety of approaches in a strategic plan but what need the most consideration is the leadership in an organization, organizational culture, and the organizational environment. One manner of ensuring the continuity and attainment of a company is by way of a comprehensive strategic plan in which a business “lays out its future direction, performance targets, and strategy” (Gamble, Strickland III, & Thompson, Jr., p 30, 2006). When crafting a strategic plan the roles of ethical and social responsibility, competitive advantages, sustainability in foreign and domestic markets, measurement guidelines, internal dynamics, cultural and structural leadership concerns, and assessment and feedback controls need consideration to move the company in a direction that promotes longevity of the business. Riordan, a manufacturer and supplier of high-grade plastic products will incorporate each of the individual requirements outlined as well as employing the specific strategies and tactics essential to remain competitive and successful in an ever-shrinking market.…

    • 2923 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    economic storm. Recessions often force companies to think more critically about spending both time and…

    • 448 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The time of recession has finally taken its toll on our company and requires some changes within store operations in order to cut…

    • 773 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The Dodd-Frank Act

    • 853 Words
    • 4 Pages

    Its an oftenly stated human cliché to never feel “Too Big for ones own boots.” However cliches only seem to gain there momentum in the wake of a crisis. A company at its prime which could not have dared to be looked at with disdaining eyes had finally crumbled. The Lehman brothers resilience has to credited towards the strive that was taken to open operations on a daily basis in the mast of a world financial criss in 2008, however whether that can be attributed towards a wholehearted desire to keep the company afloat or the sheer power of human greed is a debate left for another occasion.…

    • 853 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    The trends of economy and politics play a role in the organization’s environment, such as the outside factors of an organization that can affect the operation of business. This would include the current events, available workforce, technology, and other organizations. And as the times change, the resources changes with it. Couple decades ago the times where good for what it was, but now days, with the recession times are good for some and not good for others. The recent layoffs, foreclosures, and natural disastrous, in the past few years has not helped a…

    • 346 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Target Corporation

    • 2481 Words
    • 10 Pages

    Companies were struggling to paddle against the stock market waterfall. Unemployment rates reached astonishing numbers seen only by generations before, and the American workforce was strangling to catch a breath under the deep state of turmoil. A recession was inevitable. It was a tough time for individuals and companies alike. Numerous companies filed bankruptcy and many workers lost their jobs. One of the companies that stayed afloat during the economic recession was the Target Corporation. Although experiencing profit losses and was forced to lay-off workers, Target stayed true to its cores and values. Its brand promise of “Expect More. Pay Less.” retained much of its customer loyalty. Its dependable merchandises and exceeding expectations are unique in the market. Target focuses heavily on attaining customer satisfaction and employee satisfaction. The company believes employee satisfaction will yield higher performances and increase sales profits. Target sees itself more than a discount retail store, but as an innovate leader. It constantly searches for new ideas and ways to enhance the customer shopping experience at its local stores. Target contributes much of its innovate mindset to a diverse team of employees. The company emphasizes the importance of diversity and individuality, acknowledging how diversity allows for greater innovation. Despite recent losses in profits due to economic recession, Target has revived itself through its diverse teams, emphasis on employee satisfaction and thirst for innovation.…

    • 2481 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Strategic Plan-Hertz

    • 7312 Words
    • 30 Pages

    In recent years, leaders of American organizations have faced a multitude of challenges. The numerous trends and events that have occurred in the past two decades have affected both American society and business practices. Think of the influences the following events and trends have had on our government, communities, and public agencies: an aging and diversifying population; changes in the nature of families; dramatic shifts in federal and state responsibilities and funding priorities; the emergence of the poor as the largest group of poor Americans; fears about terrorism; the emergence of obesity as an important health concern; and a recent crippling recession (Bryson, 2004). Now think how American society would suffer…

    • 7312 Words
    • 30 Pages
    Powerful Essays
  • Better Essays

    Odwalla

    • 2640 Words
    • 11 Pages

    Mallen. (2008). Companies in Crisis - What to do when it all goes wrong. Retrieved January 13, 2008, from…

    • 2640 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    Adverse Impact

    • 424 Words
    • 2 Pages

    The success of Tanglewood’s strong culture is due to the company’s original mission. The company must continue to be dependent on and carry out its original operation. Meanwhile the company has assessed the practice of past predictors because of numerous complaints from managers about employees that have not been adhering to the company’s mission. The company has since improved its hiring strategy. In addition to this adjustment, it is essential that the company assess any new outcomes such as adverse impact and respond to the reactions of store managers.…

    • 424 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    According to CWDA, CSAC (2009), “The recession of 2007 is now recognized as one of the worst economic downturns in decades. Communities are in economic crisis, and policymakers are debating strategies for stimulating the economy, generating revenue, and cutting spending among urgent and…

    • 1334 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Paradoxical thinking

    • 1777 Words
    • 7 Pages

    Post-recession business trends show companies that survive and continue to develop; apply agile business models that respond quickly to external change. Traditionally linear approaches to problem solving such rational goals models or “cause and effect” thinking were standard in the workplace during the first quarter of the twentieth century. Is “cause and effect” thinking going to generate the type of results needed to survive with today’s post-recession business dynamics? Complexities of the workplace today require Master Managers to think both creatively and critically to drive results. When leadership applies paradoxical thinking supported by the Competing Values Framework, organizations have opportunities to thrive.…

    • 1777 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The Recession of 2008 caused widespread panic and distress globally. Trillions of dollars were lost during this time. It was a frightening time for people because they were unsure of what was to come regarding their situations. These losses of money lead to a decrease in consumer spending, which decreased the GDP. This then invoked companies to lower salaries and cut large numbers of their employees. The huge loss of jobs made the unemployment rate skyrocket. All of these consequences of the Recession put many people under stress and lead to an increase in poverty in working class families. The documentary, Inside Job, covered the causes and consequences of the Recession in great depth. There are many underlying causes that lead to…

    • 373 Words
    • 2 Pages
    Good Essays

Related Topics