SUBJECT AREA Self improvement
CREATED ON 27th December 2017

The Wallace Group Case Analysis Essay

The Wallace Group Case Analysis Introduction The Wallace Group is a diversified company that deals in the manufacture and development of technical products and systems. The company consists of three main operating groups, electronics, plastics, and chemicals. The electronics group is by far the largest, its dimensions is about the size of their chemical and plastics groups united. Of the $70 million in net sales, the electronics groups donated about $35 million of that, together with plastics contributing $20 million and the remaining $15 million coming out of the compound group. Both the plastics and chemical groups were acquired for the sole purpose of diversifying the corporation. Mr. Wallace believed if he included these two new branches, he would be able to bring new life into the provider. But, due in part to such acquisitions, the Wallace Group faces several problems. The first issue relates to their hiring process and the way they choose who to market. Instead of hiring qualified employees with the correct expertise, they focus more on cutting costs, therefore hiring non-qualified employees. One example of this process is, rather than creating a management development program for training and recruitment of new management, they simply promote within. However, they promote technicians to management positions without the proper training, since it's cheaper to do that. The second issue arising is their inability to have a standardize form of collecting and presenting data. One example is that both the Vice President of Marketing and the Director of Advanced Systems, collect and utilize the similar data for marketing purposes. Because both managers are collecting data for the relatively same purpose, there redundancy and a.. .

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