JTW 301 Seminar Pengurusan
5. Has the Wallace Group’s diversification strategy been effective? If yes, please
explain. If no, please explain.
No, the Wallace Group’s diversification strategy not been effective. The idea to diversify the
area business of The Wallace Group is brilliant. He attempted to expand his business to a
new market but he do not have designs a great and effective strategy for his company.
5.0 Wallace Group’s
The Wallace Group is a diversified company that manufactures and develops
technical products and systems. The company has three primary operational groups
consisting of electronics, plastics, and chemicals. Wallace Group is the largest asset of
the Group is the electronics. This asset is approximately the size of both the plastics and
chemical groups of the corporation. It also contributes the most to the net income at
approximately 70%. With the contractors, the plastics and chemical divisions were
acquired for the purpose of diversifying the income of the corporation from the original
electronics group.
5.1 Harold Wallace
According to the transcribe, Harold Wallace attitude is not satisfy. He said that he does not want to listen problem that Frances Rampar who as President of Rampar Associates told to him. He just wanted to know the set of priorities and the cost of the plan. The respond of Harold Wallace is he do not want settle the problem in The Wallace Group.
Harold Wallace should appoint a new position for The Wallace Group. The position is
a new CEO (Chief Executive Officer) for The Wallace Group. Harold Wallace should hiring
a person who had the experience to operate the entire The Wallace Group. The new CEO
who has to restructure the position of The Wallace Group. The new CEO priority is settle
the problem in The Wallace Group.
Harold Wallace himself should only be as the President and Chairman of The Wallace
Group. Harold Wallace as the non-Executive Board. The President of The...