Accounting, Hr and Data Entry
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schedule. If they deliver goods to the dealers destination more dealers will attracted to purchase goods. Also maintenance of a good and accurate delivery schedule based on a quota system will enable the company to deliver goods on time and orderly.
The number of showrooms and dealers throughout the country should be increased. Establishment of new showrooms will enable to attract more dealers and customers and demand will get higher.
The market is expected to face tough competition as many other companies are entering the market. Proper planning and strategy should be adopted by Mehar Industries to combat future competition. It can begin with implementing the above mentioned steps to become competitive.
Case 4: Restructuring at Koreas Daewoo
Identification of Strategic Issues:
Daewoo was founded in 1967 by its hardworking chairman Kim Woo- Chong. Following are the key strategic issues identifies in the case-
The major issue in this case is that Daewoo went for massive restructuring of its business because of the following reasons-
The hands-off approach to manage companies in the Daewoo business went out of control.
As a result of increasing prosperity of the Koreans the workforce might lose the spirit of hard work. Moreover, there was a discontent among young workers and lessening of convention.
Daewoo was not dominant in any one industry. The strategy of being a supplier for major companies led it to bypass opportunities for becoming a major marketer of its own brands.
Analysis and Evaluation:
As Daewoos businesses went out of control, it started to take some major decisions to be successful in the market. It started with massive restructuring of its businesses. For example-
The hands-off managerial style was replaced by a hands-on style, resulting in decentralization. Thousands of positions were eliminated and managers were retied or otherwise let go.
Many unnoticed expenses in some of the unprofitable industries were observed and was paid attention.
The company sponsored barbershops were eliminated which saved the company million dollars.
Daewoo