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Topic: Business
Number of pages / Number of words: 3 / 808
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(Stybel, 2006);

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The Wallace Group, Inc. problem all started with management. They have an autocratic leadership style. For a company to be successful it has to know how to deal with changes. According to Wheelen & Hunger, 2006 they must go through the following phases of strategic management...


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The four phases includes phase-I basic financial planning, phase-II forecasted-based planning, phase-III Externally oriented (strategic) planning and phase IV strategic management. Wallace needs an intervention on management skills. Because he owned the electronics company first he did not adjust to the changing environment of owning 2 more companies...


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