Sufi Abdul Samad Company Analysis – Case Study – Akshay Gedam
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Sufi Abdul Samad Company Analysis
Executive Summary:
Sufi Abdul Samad (SAS) is a real estate company located in Sadiqabad a small city in Pakistan. The company was started by Haider Ali in mid-2008 with 50 per-cent share in it along with its two partners Khan and Nusrat Amjad each having 25 per-cent stakes in it. The company is doing well in the rural area, having successfully completed several major projects. However, recently company has come across incidence of theft and forgery; and one of their employee Tanveer shah is under suspicion for it. After evaluating various options and considering factors like the reputation of the company, project completion and cost we recommended that Haider Ali should wait for the investigation to conclude and then decide the future course of action for Tanveer Shah. Meanwhile he should work on improving security in order to avoid incidence like theft and forgery.
Table of Contents
Situation Analysis …………………………………………………………………………………………………….5
Problem Statement …………………………………………………………………………………………………5
Options ……………………………………………………………………………………………………………………5
Criteria for Evaluation …………………………………………………………………………………………….6
Evaluation of Options ……………………………………………………………………………………………..6
Recommendation ……………………………………………………………………………………………………6
Action Plan and Implementation …………………………………………………………………………….7
Situation Analysis:
Haider Ali is the owner of Sufi Abdul Real Estate Company (SAS) in Sadiqabad, Pakistan. The company was formed in 2008 by three partners, Ali who owns a 50% share and Khan and Nusrat Ajmad who own 25% each. The company started the operations in the same year with the first two projects being successful. The company has started venturing into rural areas and the growth of the company was steady with an increasing customer base. But the growth was accompanied by serious human resource issues. The company replaced the manual book keeping process with accounting software and invested a lot in training one employee to use the software. Tanveer Shah is currently the only person who can operate the software. On March 3, 2014, a pre-signed cheque worth 7.5 million Pakistani rupees went mission and on March 4, 2014 a fake cheque with Ali’s forged signature was used to withdraw the same amount. Shah was the only person who stayed in the office on the previous day and an internal investigative committee was set up.
Problem Statement:
What immediate course of action should Ali take that are in the best interests of the company including the decision of whether to fire Mr. Shah or not?
Options:
Fire Tanveer Shah immediately, without finishing the investigation and abort the upcoming project. Simultaneously, start one year training a person for the position of manager, and impose stricter rules for the security like storing of cheques, disposing the expired cheques properly etc.
Fire Tanveer Shah immediately, without finishing the investigation and keep the upcoming project on-hold. Hire a person for the position of manager, having the required skill set, and impose stricter rules for the security within the firm.
Wait for the investigation to get completed, and let Tanveer Shah continue with his responsibilities as before, keeping a strict invigilation on him. Based on the result of the investigation, take the next step.
If Tanveer Shah is not found guilty, then continue with the project as planned.
If Tanveer Shah is found guilty, then keep him on-board for the upcoming project and start training a new person for manager position.
If Tanveer
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By: Akshay Gedam
Submitted: February 12, 2016
Essay Length: 923 Words / 4 Pages
Paper type: Case Study Views: 627
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