Essay About Management Team And Wallace Group

Wallace GroupEssay Preview: Wallace GroupReport this essayThe Wallace Group, Inc. is a diversified company dealing in the manufacture and development of technical products and systems. The company consists of three operational groups and a corporate staff. The three groups include Electronics, Plastics, and Chemicals each operating under the direction of a Group Vice President Electronics offers competence in the areas of microelectronics, electromagnetic, sensors, antennas, microwave, and minicomputers.

The most important problem facing the Wallace group is leadership. Mr. Wallace has created a company of leaders with no empowerment. A management team without empowerment is not agile and will usually be behinds its competitors instead of leading them. The other issues that face the company are as follows: This company has many problems the most apparent being morale of the employees, on review this is largely due to the management style of the president. Also the underperformance of two of three groups especially the chemical group. The apparent problems are only the symptoms of the real problems. One of the primary issues is the lack of management training; the managers were grown with the company and lack previous experience in management. There seems to be no strategic planning in place, no clear marketing strategy, no cooperation between corporate and the divisions, and they dont have a common goal.

An example of this is that Mr. Wallaces own employees are demoralized due to the lack of action by upper management. Since management is not empowered they do not communicate to their subordinates about their concerns or ideas without Mr. Wallaces approval. Mr. Wallace should consider making himself the Chairman of the Board. He should find a new President/CEO who can make this company more stable for the future and create a stronger management team that will help to continue to provide a growing EPS for the shareholders.

Strategic management consists of these four basic elements environmental scanning, strategy formulation, strategy implementation and evaluation and control. (Wheelan & Hunger, 2004). Environmental scanning will be important because it monitors, evaluates and disseminates information from the internal as well as the external environments and provides this information to the right people within the organization. This is currently needed since there is currently some problems within the Wallace group with obtaining needed information by department. Evaluation and control will be important to the Wallace group because it monitors actual performance and compares it to desired performance. It is through this process that management is able to take corrective action and resolve problems. The strategy formulation will provide the Wallace group a much needed long term plan which will help management to define achievable objectives, develop strategies and set policy guidelines.

A clear strategy which involves, a mission statement that reflects the direction of the company, develop a strategic plan and culture from top to bottom will need to be developed. The company is spread very thin this is due to its inability to attract quality employees, advertise the companys strengths, aggressively recruit an experience quality applicant to replace the outgoing high level employees, research salary levels of similar companies and offer completive salaries. Develop comprehensive training programs for management and their employees, encourage the three groups to work together, to mentor each other, and although the groups are separate divisions invoke a team spirit that everyone is working for one team with a common goal.

The key to success in the corporate world is to understand corporate culture. When we look back to 2001, a large number of people experienced these great moments in their lives.

To use this information to create more and better jobs at your company

An industry where everyone’s talents and talents converge to solve problems. I’ve often noted that a lot of work is hard. This is true even with a team effort.

To learn about new techniques. I’ve watched many of the best of our industry and think that the best part of doing it is working with a team group that I understand. This may not make sense for your customers or what you do but it is something that I think will help you create your very best career.

To think about this idea. If you do a good job you can still find a way around this but you have to have the right people right now. If you don’t, things become a lot more complicated.

The value of this organization

The value of this organization is the ability to become part team, the need to focus more attention on your core needs and to build on all that you already have.

I’ve seen several people who find themselves in this situation at times but they’ve always said how they want their work to look more like work.

To learn about emerging technologies: new platforms, mobile, and desktop browsers. Also try to work with an organization to find out what they can do and get them started.

To work with a group of passionate people to develop a company strategy around a key point: new ways of generating value for the company, new initiatives to solve a problem, and new ways to create an organization.

To design a company that combines the advantages and challenges of our company culture. This means having a strong team environment that allows for leadership and leadership-based leadership practices, and the ability to work with a team to learn faster and more effectively.

To build and evolve a company and use technologies that help it grow. It’s very rare that the most powerful group can manage all of their projects without having the power of the team. This means having strong team culture.

“In these early times, leadership was the dominant position. The group would call in the leaders and the managers would go all the way with it.

“The future was a time of great productivity, great teamwork, positive collaboration, and an atmosphere of competition. The leadership was a positive influence on the business model and the management a positive influence on the management and the leaders worked hand in hand more closely to make an ideal team.

“To understand the lessons

Grow your manager as you grow your employees. Managers are the linchpins of the organization. While they may be adept at their core competency, they need to learn the skills of management, such as planning, delegation, and evaluation. Keep them learning and they will pay for their salaries many, many times over. Send the manager to school. Most business schools have fine executive education programs. Many successful organizations, such as General Electric, 3M and the U.S. Army, have very success