Edmunds Corrugated Parts & Providers
Dr . Charles Woods
September 10, 2012
Edmunds Corrugated Parts & Services
Evaluate the Issues Faced by Edmunds and Identify what lead the Company to this Situation Edmunds issues had been the quarterly earnings. His or her was not because they had been before. In the past years Edmunds Corrugated Parts & Service Company experienced seen profits past the $10 million indicate. And now the business is beginning to see clear signs that profits were becoming stagnated. Mr. Edmunds sensed the company did very well until recently. He had utilized around 100 employees that was dedicated and proved helpful hard to get the position done. Most of the workers were neighbors to Mr. Edmunds and had recently been at the stock since opening but , they was getting ready to retire. Edmunds felt it would be hard to switch the hard-working, loyal employees which was a concern. Although, Edmunds did not have got any competition and the reputation for being trustworthy, giving above average and customized service was still in tack yet, the increasing expense of steel, the alterations in the box industry, the simple fact that a lot of the U. S. plant life that Edmunds served acquired closed or either currently taking business overseas, these issues got bought Larry Edmunds to a crossroad of what he should do to create the company earnings back to wherever they use being (Daft, 3rd there’s r., 2010). Make and Identify a Strategy for Addressing the case at hand The first setup to address the specific situation at hand should be to evaluate new opportunities in the market--in conditions of acquisitions, new products or perhaps services, collaborations with other folks, etc . The next thing would be to take a look at every technology the company uses and discover ways to reduce cost. Bring in new or perhaps improved technologies internally that may improve the working of the organization. Identify and adapt fresh technologies to better meet the needs of the customers. Determine what the...
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Daft, R. (2010). Management (9th ed. ). Mason, OH: Cengage Learning
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