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The Wallace Group

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The Wallace Group The Wallace Group has a problem with strategic management. Specifically, the firm fails to implement its corporate strategy correctly. Furthermore it fails to make the necessary adjustments in strategy formulation required to take the corrective action necessary to resolve its implementation problems.
To correct this problem, my first recommendation is for the Wallace group to solidify its management team. Currently the team lacks the expertise necessary to run the three divisions as a cohesive unit. It also lacks the expertise in non-defense areas to successfully execute its growth strategy into these private sector markets. New managers from outside the organization must be hired with this experience and expertise. These people will help establish the policies, programs, budgets and procedures necessary to succeed in the new growth areas. They will also be able to firmly establish the roles and responsibilities of each person in both the corporate and group positions to ensure that the organizational structure supports corporate strategy and unity.
The second recommendation I would make is to sell off the Chemical Group. This group is the weakest of the three and using valuable resources, particularly engineers, that could be put to better use in the other divisions. The proceeds of the sale could also be used to upgrade the salary structure. This move would allow the firm to retain and attract the top-notch talent they desperately need to improve morale and productivity. With only the plastics and electronics divisions, stronger leadership from management and a happier workforce, the company will be able to eliminate their weaknesses and capitalize on their strengths to successfully diversify into non defense markets the

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