The Wallace Group
Conduct an analysis of the Wallace Group and provide Harold Wallace, President, with a clear action plan to address the Wallace Group management issues. The analysis needs to include identification of the problem, recommendations, and education of the management staff. These issues are addressed as responses to the following questions:
? What is the most important problem facing to Wallace Group?
The simple and straightforward answer to this question is that Harold Wallace is a micromanager. Merrian-Webster On-line Dictionary defines micromanagement as to "manage with great or excessive control or attention to details" (2006). The Wallace Group has grown beyond Harold Wallace's minute-by-minute control. Harold Wallace must accept this fact, and let others, who he hired, do their part with the responsibility and accountability.
? What recommendation (s) would you make to Mr. Wallace, and in what order of priorities?
? Change the structure of the company to suit its new needs. Mr. Wallace should realign the current corporate structure by changing the current VPs for the Plastic Group, Electronics Group, and Chemical Group to Chief Executive Officer (CEO) positions. These new CEOs would have told responsibility of their assigned group with accountability to Mr. Wallace.
? Develop a management development program that ensures these new CEOs understand their new job positions and responsibilities and expectations.
? Develop and direct implementation of group and team approaches to management to newly assigned CEOs.
? Create a strong employee-centered management team ...