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Core skills at managerial level
Strategic planning theory
Managerial skills
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Improving the Reputation of Inner-City Paint Corporation Statement of the Problem What strategic step can Stanley Walsh make to improve the situation and reputation of Inner-City Paint Corporation? Objectives To analyze Inner-City Paint Corporation's current situation. To determine the company's strengths, weaknesses, opportunities and threats. To make an industry analysis on Inner-City Paint Corporation. To make a financial analysis of the Corporation. To recommend alternatives that will determine the best solution to the given problem. Alternatives 1. Management Improvement - Mr. Walsh should take up management degree. He needs to learn employee empowerment and delegation. He needs to learn employee empowerment and delegation. The plant manager needs to be trained on leadership since he has no experience in management. He should also start hiring a public relations specialist and a marketing specialist to improve on these two aspects of the business. 2. Facility Improvement - Equipment at Inner-City Paint is three large mixer, two smaller mixers, machines in the lab and the trucks. Mr. Walsh should buy more equipment so that his consumers won't have to worry about their order not being ready. He has enough transportation Equipment. But he should buy some new mixer and more lab equipment. In order to acquire all of this he should take the loan. Recommendation I would recommend the first alternative which is to improve management. Mr. Walsh wasn't trained and didn't understand management. He could handle the company when it was small. He got lost as the Inner-City paint grew. If Mr. Walsh did some training, then the company probably wouldn't be in such a mess. He did understand how to expand the business and add employees were they are needed but he lacked giving trust to other people.
For this purpose, he would have to implement a carefully planned strategy to regain its lost customers and respect from the community. First of all, he has to reintroduce the previous approach before Hannah, the founder, retired. This means he would have to publicly apologize for his unethical decision making and improper treatment of his employees. To further expand the effect for positive results, he should also write a letter to or set up an interview with the local newspaper to get the community’s attention. In addition to this, he should also apologize for wasting Nafeeza’s time. Second, when hiring new employess, he should from now on treat them with respect and dignity, and he should not substitute the costs for employee benefits. To regain high quality work performance, he would have to, as mentioned before, reintroduce the old managerial approach that includes: incentives, improvement meetings, and more than minimum wage. Furthermore, he should refrain from shouting and directing offensive words at his employees, especially in public. Instead, he should from now on call out the employee making errors to meet him in the manager’s office, so they can privately discuss the work-related issues in a professional manner. By doing so, he will achieve respect from his worker, which ultimately results in positive feedback from his community. Lastly, he should immediately develop an innovated
Prior to Fuller’s transfer, management at the Carson’s location was poorly run using the classical approach. While this approach can be successful, management has to find a good middle ground between caring for the company and caring about their employees. A traditional classical approach recognizes that there are five important factors to running a successful business (Miller, 19). According to text, these factors are planning, organizing, command, coordination and control (Miller, 19-20). These factors can be seen when you look at Third Bank as a whole. In the study, the CEO saw the issues in his company and put a plan together to improve. He had meetings with management, like fuller, to organize a solution. He then commanded all locations
demonstrate that the agency is not about greed in order to draw in more customers. Having a
Something as simple as working with the customers is a major part of management. When the plant was having problems with its throughput, instead of changing their whole system to keep things the same for their customers, they asked the customers if they would be alright with having a change in their products from the plant. The customers loved their idea and agreed to go ahead with the change. This shows that sometimes it’s okay to take risks by asking the customers if they’re alright with
Engstrom Auto Mirror Plant is a private owned business in Indiana that is manufacturing mirrors for trucks and automobiles. The plant has been having some rough times. There were some major organizational issues in the Engstrom Auto Mirror Plant. I am going to mention about three major organizational issues. The first major issue was Ineffective leadership employees were losing trust in this organization due to poor leadership. The employees thought the management was “playing with numbers” because they weren’t paid their monthly bonuses for a few months. The management could not afford to pay employees bonuses’ because of the productivity problems that the organization was having. The second major issue was lack of motivation. There was
The end of this case is very interesting. A secret meeting, and a board decision that was against who I actually thought they would end up getting rid of. Getting rid of Tim doesn't really solve the problem, as a matter of fact I think it weakens the company. Malcolm's strong point is not running the everyday company, and that what Tim was fairly good at. Malcolm creating this new operating plan is going to be a strain on him, and possibly will not solve any of the problems currently facing the company, and more then likely he'll find himself out of a job, much like his friend Tim. But his greatest mistake probably is not bailing with Tim. Sometimes things simply do not work out, and it's time to move on to greener pastures. In this case, Malcolm worked well with Tim, because there was a level of trust, there was a level of dedication. Without Tim, I don't think Malcolm can drive the company out of it's current bad stretch. The operating plan is going to have to be a massive swing in direction, with many changes to the current structure of operating divisions, current sales departments, and integration of all acquisitions over time. Of course developing such a document is no easy task; lets see if I can piece together something, as well as point out some misstep's that the company made.
Many people believe that in order to succeed in a business that is having difficulties, it is important to focus on a particular area in order to be better productive in each of them, and be able to reach the goal. Instead, Goldratt and Jonah demonstrates that is important to focus on the company as a whole, but at the same time, it shows that it is incorrectly to only focus in an specific manufacturing department, or one plant, or a department within the plant, because people should not be concerned in local optimums.
Communication –when we are shifting the workplace environment the leader should be capable of managing all the staff and stakeholders as well as customers. He should be able to
Our Strategic Issue for SHC is, "How can Sears Holdings Corporation strengthen Kmart's position and regain its competitive advantage? Our recommendations are as follows: 1. Differentiation Strategy: Appeal to low and middle income families with children, Quality clothing and decorating store. 2. Stable & Effective Management: Retention, Value Chain Analysis: Supply Chain, Inventory Control (Product Selection), Technology (Reserve), Overall Consistency, Continue Value Adding Strategic Alliances, Similar to alliance with Joe Boxer. 3. Continue to Evaluate Store Portfolio, Focus on owning more/ Premium space. 4. Meet Customer Expectations, Customer Service, and Continuous Research & Development.
Richard Jun is a Partner at BAM Ventures, a leading firm who has invested in the Honest Company along with many other successful startups. However, like many people in Venture Capital, he didn’t know he wanted to do that job until after his first entry level position. Like the Managing Partner of JUMP Investors, he started as a lawyer. He graduated from Columbia Law School and went into Corporate Law for a Korean Entertainment Company. However, he was quickly bored of his legal job, and left his position to become the General Counsel of ShoeDazzle, a startup created by Brian Lee and Kim Kardashian. From there, he took many other roles in the company. Coming from a legal standpoint, he found it much harder to work as the other positions, such as the CMO. As the company continued to grow, he started to realize what problems a growing company has. Some problems hit such as the company not growing as fast and having to lay off people. Richard didn’t have previous experience in operations and executive
knew as the company grew it would only get worse. This was not a situation he wanted to
One of the motto 's Nardelli believed in, is that "Leaders are the glue that holds the company together". He says leaders has the power to turn around a dysfunctional corporate culture. Nardelli started implementing changes by picking the low hanging fruit of the organization, which includes centralizing all purchases, so that he could take advantage of the buying power that they obtain since they are a very large company. Then Nardelli start working on the appearance of their stores, he made sure that they were clean and they modified the layout in the stores. He also had the stores to put up displays. With the new CEO in place they also changed the way that they do their hiring. Store managers no longer operate independently, they are now required to submit store data to headquarters and they began using metrics to measure their operations. I will admit, that cheaper labor is not always the answer, this can cause some problems in the
Take the time to step back and help your employees, the people that really make a
Equipment or Facilities – a project can be limited by the available equipment or facilities, such as furniture, machinery, Pc, monitor, scanners, printer, technology, work area, hardware and software etc. It is vital that I have access to required equipment in order to install with the project. Sometimes the equipment is already in plan, when planning the project available resources need to be taken into consideration. ...
The main problem here was the inability of the company to introspect and understand the changing