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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THE WALLACE GROUP I. TIME CONTEXT There was no mention regarding the specific time context on both cases but the time context can be assumed to have occurred during the 1990s. The company has a diversified operation and it was during that period where diversification ‚ acquisition and mergers prevalently took place. II. VIEW POINT Frances Rampar‚ President of Rampar Associated‚ a management consultant‚ who conducted a management survey into the problems facing the Wallace Group. Her
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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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Business Policy: Case Study 2 "The Wallace Group" The Wallace Group is devised of three operational groups which include Electronics‚ Plastics and Chemicals (Stybel‚ p. 2-1). Harold Wallace was the original owner of the electronics company‚ but now has 45% of the group after acquiring the plastics company and then the chemical company (p. 2-4). He also serves as the Chairman and President of the Wallace Group‚ but each group is run by a Vice President. Recently‚ Hal Wallace hired Rampar Associates to put
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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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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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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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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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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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