Wallace Group
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improper management. To begin with, the company seems to have difficulty in the hiring process. It seems that the company is focused on cutting cost rather than looking for effective employment solutions. For example, instead of creating a management developing program to train and recruit managers, the company relies on promoting technical staff. The cost cutting approach is also impeding the hiring of qualified engineers. The company focuses on hiring employees at the least possible salary as an alternative to paying the required amount for qualified expertise. Another issue that arises is un-standardized methods of collecting data and presenting information. For example both the vice president of marketing and the director of advanced systems collect and utilize data for marketing purposes. Their problem lies in the fact that both managers are using different data and formats for essentially the same purpose, and therefore they create redundancy and higher workloads. By far, the most crucial problem facing the group is the lack of vision and direction from the president, Mr. Wallace himself. His diversification program that resulted in the acquisition of the chemical and plastics divisions lacked forward looking vision. He simply required the companies to maintain a profitable operation without any direction to improve.
Mr. Wallace has all the control over policy and operations and he is only concerned with profit. He is not looking at planning for the future development or staff. The staff he has doesnt have the back ground to operate in management positions. Because Mr. Wallace is the chairman and president of the Wallace group. He continues to make the decisions for the companies of the individuals employed by him. It is like one person is dictating and running all three companies with no input from anyone else. Mr. Wallace is so concerned with profit that he isnt concerned with hiring the best employees for any open positions