What should be done?
Derek Mather should act as the turnaround manager and get everybody involved in his solution under his direct command. The most urgent thing is to get rid of non-profitable products and cut cost. On the other hand, he should improve cooperation between departments and fully develop the control and financial system in order to achieve on-time delivery and reliable product quality.
Why should it be done?
First, the degree of shareholder commitment would be impressive if CED is prepared to supply additional capital and personnel.…
