Premium Essay

Wallace Case

In:

Submitted By marielois
Words 1471
Pages 6
WALLACE GROUP 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 embarked on a strategy of diversification into plastics and chemicals in order to decrease the company’s dependence on defense-related business.
Presently, the morale within The Wallace Group has deteriorated to the point where some of the employee stockholders made an attempt to force Wallace’s resignation. As a result of this crisis, Wallace has hired Frances Rampar, a management consultant, to conduct a management survey into the problems facing The Wallace Group. Her task is to develop a series of priorities for Wallace’s consideration.

Issues and Problems
Chair- President Conflict
On product diversification, there is an increase size, and relationship of size to managerial compensation. Also, the company does have problems with regard to the managerial employment risk. With regard to the use of free cash flow, the managers prefer to invest these funds in additional product diversification. Shareholder prefers the funds as dividend so they can control how the funds are invested. Managerial opportunism prevents the, maximization of shareholders wealth. With regard to organization Structure, ownership and management are not separated. Newly created corporate management positions without clear value added. Then, relationship between corporate and group functions is not clear, where no marketing director per group, no sales function to support electronic new business, and no R&D per group.
In addition, there are things that the group had identified as material issues

Similar Documents

Premium Essay

Wallace Group, Inc. Case

...STRATEGIC MANAGEMENT (Case Study-The Wallace Group, Inc.) ronald s. leabres JANICE FAYE S. ANG Professor Masters in Business Administration College of Business Administration and Accountancy Central Luzon State University Science City of Muñoz February 23, 2011 CASE ABSTRACT The Wallace Group is devised of three operational groups which include Electronics, Plastics and Chemicals. 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. 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 together an effective sales presentation. Included in the presentation would be set of priorities to focus on over the next year, a clear plan and the expense. Frank Campbell, the Vice President of Industrial Relations, sums up the Wallace Group problem in a simple statement. He said, "Morale is really poor here. Hal runs this place like a one man operation, when it's grown too big for that." Frank also mentions that it took a the entire company revolting against him to finally make the President take action. Therefore, the most important problem facing the Wallace Group, is Harold Wallace himself. However, the problems do not stop there. In his interview, Hal mentions two key factors also contributing to his bad business etiquette. First, Hal admits he...

Words: 2690 - Pages: 11

Free Essay

The Wallace Group Case Study

...The Wallace Group Permasalahan yang ditemukan oleh Frances Rampar berdasarkan hasil wawancara dengan top executives dari The Wallace Group adalah sebagai berikut : Hal Wallace mengendalikan perusahaan berdasarkan keinginannya yang berdampak pada ketidakefektifan kinerja perusahaan. Board of Director tidak menjalankan tugasnya dengan efektif, yaitu tidak menentukan strategi, tujuan perusahaan, visi, dan misi dengan jelas, sehingga bisnis unit bekerja untuk kepentingan bisnis unitnya masing-masing. Design struktur organisasi yang tidak jelas, yaitu tidak ada pemisahan tugas yang jelas dengan masing-masing manajemen juga belum menerapkan employee empowerment. Kekurangan karyawan yang berpotensi, terutama di bagian engineering, yang diakibatkan penetapan gaji yang terlalu rendah, job specs yang terlalu tinggi, ataupun sistem perekrutan yang buruk. Tidak memiliki fungsi pemasaran dalam tiap-tiap bisnis unit, sehingga bisnis unit tidak memiliki kesamaan tujuan pemasaran dengan perusahaan secara keseluruhan dan tidak memiliki network untuk melakukan penjualan. Kurangnya pengalaman karyawan bagian manajemen yang diakibatkan kurangnya training atas karyawan tersebut. Tidak adanya evaluasi atas kinerja karyawan, termasuk kinerja dari CEO dan top management. Tidak adanya koordinasi antar unit bisnis dan kurang tanggap atas kebutuhan karyawan maupun pelanggan. Sistem informasi tidak efektif karena tidak sesuai dengan kebutuhan pengguna. Penerapan transfer pricing yang tidak...

Words: 635 - Pages: 3

Free Essay

Essentials of a True Hero

...styles are evident. William Wallace, Edward the Longshanks, and even the Scottish nobility all demonstrate distinct styles of leadership. Despite the difference in styles, William Wallace’s courageous and active leadership proves the most essential. Ultimately, Wallace’s undying passion and determination for freedom helps his army prevail as an underdog. In the film Braveheart, the opening scene is set during late 13th century England, which is controlled by a tyrant known as King Edward the Longshanks. His claim over the Scottish throne cause great suffering for his Scottish subjects, due to his cruelty and brutality. After a series of tragic events, which includes William Wallace losing his father and wife, Wallace seeks revenge. In the form of rebellion, Wallace begins leading a series of uprisings against Longshanks in order to free Scotland from its current tyranny. He receives intellect from the princess of Wales and meets with the Scottish nobility, where he seeks the assistance of Robert the Bruce to unite the clans. The Scots are confronted by Longshanks at the Battle of Falkirk, where Wallace is betrayed by Robert the Bruce himself. Regretful of his actions, Robert helps an injured Wallace escape from the English. Wallace takes revenge on Mornay and Lochlan, who abandon him during the battle, leaving the Scottish nobles in fear for their lives. Furthermore, Robert discovers his own father conspiring with the other nobles to trap Wallace. Learning of all his deceit,...

Words: 1162 - Pages: 5

Free Essay

Assignment

...CHAPTER ONE INTRODUCTION 1. Improving of effective communication skills help us better understand a person or situation and enable us to resolve differences, build trust and respect, and create environments where creative ideas, problem solving, affection, and caring can flourish. As simple as communication seems, much of what we try to communicate to others and what others try to communicate to us, gets misunderstood, which can cause conflict and frustration in personal and professional relationships. By learning these effective communication skills, you can better connect with your spouse, kids, friends, and coworkers. In simply, its activity or process of expressing ideas and feelings or of giving peoples information. The successful communication include, basic four skills such as Listing, speaking Reading and writing. 2. As officers in security forces and police department, it is necessary to enhance abovementioned communication skills for betterment of our self and others. From the above mentioned skills conversation skills is important to work in any environment. There for learning of conversation skills very important as we communicate with each verbally and non-verbally. CONVERSATION 3. Conversation is the essence of interpersonal communication. In many scholarly views they are equivalent and among no scholars the words conversation...

Words: 13521 - Pages: 55

Premium Essay

Wallace Vs Jaffree Case Study

...The decision made by the case, Wallace Vs. Jaffree, ended silent prayer and other religious activities in public schools. Jaffree, whose family is agnostic, had three children who attended a public school is Mobile, Alabama, where one minute a day is set aside for prayer. Jaffree’s youngest child was being bullied by the other children for not saying the prayers with the other students and teacher. In 1982, Jaffree took the actions to court, claiming it defied the first amendment of the Constitution. The first amendment states that “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof.” His children were forced to either be ridiculed and ostracized by the other children or to break their...

Words: 367 - Pages: 2

Free Essay

Research on Butterfly Theorem

...proofs of the Butterfly Theorem, including the synthetical proof, area proof, trigonometric proof, analytic proof and so on. And based on the extension and evolution of the Butterfly Theorem, people can get various interesting and beautiful results. The definition of the Butterfly Theorem is here below: “Let M be the midpoint of a chord PQ of a circle, through which two other chords AB and CD are drawn; AD cuts PQ at X and BC cuts PQ at Y. Prove that M is also the midpoint of XY.” (Bogomolny) This is the most accurate definition currently. However, Butterfly Theorem has experienced some changes and developments. The first statement of the Butterfly Theorem appeared in the early 17th century. In 1803, a Scottish mathematician, William Wallace, posed the problem of the Butterfly Theorem in the magazine The Gentlemen’s Mathematical Companion. Here is the original problem below: “If from any two points B, E, in the circumference of a circle given in magnitude and position two right lines BCA, EDA, be drawn cutting the circle in C and D, and meeting in A; and from the point of intersection A to the centre of the circle AO be drawn, and the points E, C; B, D joined, and produced to meet an indefinite perpendicular erected at A on AO; then will FA be always equal AF. Required the demonstration?”(Bogomolny) (Figures of W Wallace’s question) Soon afterwards, there were three solutions published in 1804. And in 1805, William Herschel, a British...

Words: 2926 - Pages: 12

Free Essay

Braveheart

...classified as one of the worst medieval movies (by historical accuracy). From the introductory opening scenes, to the end credits, the film fails miserably to represent the life and times of William Wallace and makes up stories to better fit a Hollywood audience. In this essay, I will examine the historical facts of the 13th century war between Scotland and England, and the way it was portrayed in Braveheart. Directed and starred by Mel Gibson, Braveheart was seen as a huge success. The film was about a man named William Wallace. Wallace was a commoner and landowner in 13th century Scotland. He led the Scottish rebellion against the English to get back the freedom and sovereignty Scotland deserved. He was knighted and titled “Guardian” of Scotland after a victory in the battle of Sterling Bridge. After losing the Battle of Falkirk, Wallace’s rebellion plummeted and he was later captured and executed for high treason by King Edward I. These are the very few facts the film actually illustrated correctly. The rest of the film was either fantasy, skewed facts, or simply made up for audience purposes. In the very first shot of the film, we see these beautiful mountain sceneries, which were apparently shot in West Highlands, a place not even relatively close to the birthplace or the city that Wallace lived in. This area is very different from the rest of Scotland, and to a...

Words: 1349 - Pages: 6

Free Essay

Assignment of Braveheart

...CHAPTER ONE CONVERSATION 1. Conversation is the essence of interpersonal communication. In many scholarly views they are equivalent and among no scholars the words conversation and interpersonal communication often men the same thing. Conversation occurs when two or three people exchange messages , weather face to face ,over the telephone, through apartment walls, or on internet. STAGES OF CONVERSATION PROCESS 2. There are five stages of conversation process Opening Feedback Feed forward Opening Closing 3. The opening. The first step is to open the conversation, usually with some kind of greeting. Greetings can be verbal or nonverbal and are usually both. Verbal greetings include, for example, verbal salutes ("Hi," "Hello"), initiation of the topic (The reason I called ") making reference to the other ("Hey, Joe, what's up?"), and personal inquiries ("What’s new?" " How are you doing?") Openings are also generally consistent in tone with the main part of the conversation, a cheery "How ya doing today, big guy?" is not normally followed by news of a family death. In opening a conversation, consider two general guidelines. Fist, be positive. Lead off with something positive rather than something negative. Say, for example, "I really enjoy coming here" instead of "Don't you just hate this place?" Second, don't be too...

Words: 12961 - Pages: 52

Free Essay

Limited Soft Drinks

...Introduction What do the words ‘National Trust’ mean to you? Historic houses?Gardens?An organisation that older people join? All of these are accurate, but they reflect only a small part of what the National Trust is and does. What you might not know is that the Trust’s responsibilities include over 350 historic houses, 255,000 hectares of land including gardens, mills, coastline, forests, farmland, moorland, islands, castles, nature reserves, villages, pubs and even a goldmine! The National Trust is a registered charity that looks after special places. It has over 4 million members and every year welcomes around 19 million visitors to its properties and special places, which are open to everyone. As a not-for-profit organisation managed by a small Board of Trustees, it is completely independent of government. Its funding is generated entirely from membership fees, donations, legacies and revenue raised from its commercial activities such as its National Trust shops and catering business. 'For ever, for everyone' The Trust attracts ‘customers’ of different types, young and old, including families, history lovers and nature lovers. Its mission is to grow the nation’s love of special places ‘For ever, for everyone’, so it aims to inspire as many people as possible in many different ways. These might include themed events to celebrate the UK’s history, guided walks across its estates and countryside to discover wildlife, open-air performances of Shakespeare and music festivals...

Words: 2221 - Pages: 9

Premium Essay

What Was the Short Term Significance of the New Deal?

...What was the short term significance of the New Deal? To discuss the short term significance of the New Deal, it is imperative to define significance. Significance is defined by the number of people’s lives affected by an event; therefore the most significant of the short term effects of the New Deal was FDR’s implementation of radical legislative reforms. It led to a number of positive economic and social changes in a very short space of time, which contrasted greatly with the inaction of the previous Hoover regime. This opinion is supported by well-known New Deal historian Anthony Badger, who stated that "When Roosevelt took power on March 4, 1933; many influential Americans doubted the capacity of a democratic government to act decisively enough to save the country".The creation of public work schemes and relief programmes provided Americans with improved social stability giving them the confidence to support their government’s initiatives, thus enabling Roosevelt to restore elements of the pre-depression economy. Agriculture was also supported to create more jobs and allow business to grow again as opposed to declining as it had during the depression. These changes were all reinforced by the modernisation policies brought in by Roosevelt in the ‘100 days’. Page 1 Word Count: 291 Page 1 Word Count: 291 This cartoon was published in 1933 by the Pittsburgh Press by Harold Talburt. The use of this cartoon of Uncle Sam ‘holding all the Aces’ shows how the new policies of...

Words: 2449 - Pages: 10

Free Essay

Colonialism in Braveheart

... Braveheart, directed by Mel Gibson, opens to the tunes of bagpipes while panning over the hills of Scotland. The narrator then begins setting the tone for the movie, telling of how King Longshanks has claimed Scotland’s throne for himself. We then meet the main character, William Wallace, as a child, just as mysterious violins begin to play and set the tone for the dead bodies, which are about to be found. At the end of the scene William’s brother and father leave William behind when to go to fight, they don’t return to him alive. This whole first segment sets up not the full story, but also allows for William’s character to develop and the audience to attach to him and sympathize with him. Within the first 15 minutes of the movie our main character has lost everything he knew to the English. While William watches his father and brother get buried, the main recurring song in the movie is heard for the first time. This song will play many times throughout the movie and connect William’s character back to his roots. To bid farewell to William’s family, some of the villagers are said to be playing “outlawed tunes on outlawed pipes (Braveheart).” This is the last we see of the child William Wallace. The film then cuts to the King of England, Edward the Longshanks. He is marrying his son to the princess of France. The King has been busy trying to form a way to gain full control over Scotland. First he suggests buying off the Scottish nobles, or maybe sending his own nobles to...

Words: 1311 - Pages: 6

Premium Essay

Power of Freedom

...How far would you go to defend freedom? Would you overcome impossible odds? In the films “Braveheart” and “The Lord of the Rings,” the main characters, Mel Gibson and Elijah Wood, go to the ends of the earth to achieve their goals and bring freedom to the people within their society. The two main plots emphasize the concept that no matter what nation you live under, any man or woman will fight to defend their right to freedom. In “Braveheart”, Mel Gibson, plays William Wallace. In the movie his wife is brutally killed by one of the English kings. Before the death of his wife, Wallace also experiences the death of his brother and father by the hands of the same aggressor when he was a child. After this he decides that any aggressive action against those he holds dear will not be left unavenged. The day of his wife’s death, William waited for his wife at a secret hiding place and when he finds out she isn’t coming because she was killed, he takes the ways of the law into his own hands. When William becomes a revolutionary he leads the Scottish people to an uprising against the English government. William then begins to de-thrown all the kings in the English region. He loses all sense of inhibition while pursuing his desire to avenge his loved ones’ death and brings freedom to his people. “The Lord of the Rings” is a movie about the plight of mankind while defending itself against a great evil of a supernatural kind. In this movie, the main character, Frodo Baggins, played...

Words: 599 - Pages: 3

Free Essay

Mccain Study Case

...summary McCain Foods Limited is seen as a top leader in the food industry, with an extended production over six continents. To maintain the leadership, the company needs to be aware of the external environment changes. The changes can occur in different areas, such as social, political, legal, technological and economic. These factors are analyzed properly for a better understanding related to the McCain Company and their industry. (www.mccain.com) 2. Introduction McCain Foods limited is a company with over 50 years of experience, being founded by Harrison and Wallace McCain in 1957. Operates in 160 countries and has various types of products especially based on potatoes. (www.mccain.com) The information provided in the report will be extracted from reliable sources that will be referenced both in text and last page which will be dedicated for references. It will be firstly based on McCain Foods case study and Mintel...

Words: 3509 - Pages: 15

Free Essay

Braveheart Movie Essay

..."William Wallace: And if this is your army, why does it go? Soldier: We didn't come here to fight for them. Second Soldier: Home, the English are too many! William Wallace: Sons of Scotland! I am William Wallace. Second Soldier: William Wallace is seven feet tall! William Wallace: Yes, I've heard. Kills men by the hundreds. And if HE were here, he'd consume the English with fireballs from his eyes, and bolts of lightning from his arse. [Scottish army laughs] William Wallace: I AM William Wallace! And I see a whole army of my country men, here, in defiance of tyranny. You've come to fight as free men, and free men you are. What will you do with that freedom? Will you fight? Soldier: Against that? No, we will run, and we will live. William Wallace: Aye, fight and you may die, run, and you'll live... at least a while. And dying in your beds, many years from now, would you be willing to trade ALL the days, from this day to that, for one chance, just one chance, to come back here and tell our enemies that they may take our lives, but they'll never take... OUR FREEDOM! “ -William Wallace One of the most well-known monologues in movie history is William Wallace’s speech before the Battle of Stirling. It shows why he is such an inspiring leader. It also contains just enough humor and seriousness to be taken to heart. This must be the reason for the name behind it all: Braveheart, perhaps Mel Gibson’s finest film. Mel Gibson is the star and director of...

Words: 898 - Pages: 4

Premium Essay

Economic Collapse of 1930

...Impact of Interstate Commerce Commission Ricardo Ramirez AP Politics 12/19/12 Table of Contents I. Introduction: Pages: 3 - 4 II. Literature Review Pages: 5 - 8 III. Research Statement Pages: 9 – 10 IV. Research Finding Pages: 11-15 V. References Page: 16 I. Introduction The Economic collapse of the 1930’s was rebuilt by the two presidents during that era; President Franklin D. Roosevelt and President Harry S. Truman. The economic collapse and depression of the 1930’s was caused by greed and abuse of monopoly power from industries. A wide range of Railroad industries were the cause of many secret control of small industries. The economy was not built for greed and led to many bankrupt industries. The Interstate Commerce Commissions first changed by President Roosevelt then by President Truman help increase public security in the railroad industry. The first Hoover Commission benefited safety of the executive branch and organization of government. The Great Depression is significant to the country overall and it’s an era that history will never forget. The significant presidents during that era were the reason for the rebuilding of the economy. Transportation departments are significant to our motor carrier and railroad industries today that help the public safety. The Interstate Commerce Commission is significant to railroad industries, federal railroad rates, and regulating the private...

Words: 3057 - Pages: 13