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Posted on: Thursday, February 04, 2010 4:05 AM
Author: Scribd Feed
Subject: Case Study - The Wallace Group Inc - The Facing Problems
| CASE 2 THE WALLACE GROUP, INC. I. CASE ABSTRACT Harold Wallace, founder, serves as Chairman and President of the Wallace Group. He owns 45% of the outstanding stock. The company consists of three operating groups -- Electronics, Plastics, and Chemicals -- which generate sales of $70 million. Mr. Wallace continues direct operational control over the Electronics Group. Several years ago, Wallace and the Board embarked on a strategy of diversification into plastics and chemicals in order to decrease the company’s dependence on defense-related business. Presently, the morale within The Wallace Gro |
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