The Wallace Group Inc.

1744 Words4 Pages

To: Harold Wallace, President of the Wallace Group

Subject: Rampar Associates, Consulting Analysis

EXECUTIVE SUMMARY

The Wallace Group, Inc., is a company that consists of three operational groups (Electronics, Plastics and Chemicals) and a corporate support staff. The groups operate independently from one another, but also require the support of each others products on specific contracts. Since the companies are currently working independently the focus and direction is not well defined for the Wallace Group as a whole. The Electronics group is dependant on government contracts and is currently working on projects for the Navy and Air Force for future contracts. The Plastics group is profitable and a solid performer for the products in which it makes. There is also the ability of the Plastics group to expand and seize more of the share in the market. The Chemical group, which has seen a satisfactory performance in the past year is not living up to the Wallace Groups expectations and is in need of reform.

In order for the Wallace Group Inc., to become a more productive entity I recommend the following actions to be considered.

1. Restructure and organize the management staff of the company.

2. Locate and secure alternate contracts for the three groups that maximize growth and profits.

3. Utilize a consulting firm to analyze the Chemical Groups management to identify internal weaknesses.

4. Maximize the interaction with in the group to facilitate unity of the three individual groups (management and workloads)

5. Communication with in the organization must be streamlined.

6. Human Resources need to revamp their efforts to attract and hire the necessary workforce.

I. The Company's Current Objectives and Current Strategy

The Wallace Group Inc., is a diversified company that deals in the manufacture and development of technical products and systems. The company is comprised of three individual groups and the corporate staff. The three groups include Electronics, Plastics, and Chemicals each operating under the direction of the Groups Vice President. The Wallace Group Inc., produces profits of $70 million in sales from the efforts of the three groups. The principal sales of the Wallace Group are from large contractors in governmental and automotive markets

The Wallace Group is seeking to secure future contracts with the Navy and Air Force via the Electronics group. This potential workload is vital to the success of the Electronics group as the future contracts would be profitable for the group.

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