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The Wallace Group
Individual Project Unit 1.
A. What is the most important problem facing the Wallace Group?
There are several problems facing the Wallace Group, but it seems the most crucial problem facing the group is two-fold; the lack of vision and direction from the CEO, Harold Wallace and improper management.
a. His diversification program that resulted in the acquisition of the chemical and plastics divisions lacked forward looking vision. He simply required the companies to uphold a profitable operation without any direction to improve (Wheelen & Hunger, 2004, p. 2-5).
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