Edmunds Corrugated Parts Services - 1246 Words

Edmunds Corrugated Parts Services Charles Reynolds Dr. Charles Woods Modern Management-500 August 10, 2012 Edmunds Corrugated Parts Services Analyze the Issues Faced by Edmunds and Describe what lead the Company to this Situation Edmunds issues were the quarterly earnings. They simply was not as they had been in the past. In the past years Edmunds Corrugated Parts Service Company had seen earnings past the $10 million mark. And now the company is beginning to see clear signs that revenues were becoming stagnated. Mr. Edmunds felt the company did very well up until now. He had employed around one hundred employees that was loyal and worked hard to get the job done. A majority of the workers were neighbors to Mr.†¦show more content†¦Edmunds feel a little more comfortable that new hires are from the neighborhood, the company would have to come up with a strategy that will allow that to happen (Daft, R., 2010). Describe what Strategies Edmunds Could use in the Future to Reduce Potential Crises Before they Happen One strategy Edmunds can use in the future to reduce potential crises before they happen is to develop a mission statement and let the statement reflect the mission of the company from this point on. According to Certo, S., 2006, a mission statement is a written document developed by management, normally based on input by managers as well as nonmanagers, that describes and explains what the mission of an organization actually is. It is very important for an organization to have a mission because it helps management increase the chance of a successful company (Certo, S., 2006). Another strategy Edmunds could use is to perform a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis on a regular basis. According to Certo, S., 2006 a SWOT analysis is a strategic development tool that matches internal organizational strengths and weaknesses with external opportunities and thre ats. SWOT analysis is founded on the notion that if managers thoroughly review such strengths, weaknesses, opportunities, and threats, a beneficial strategy for ensuring organizationalShow MoreRelatedManaging Information Technology (7th Edition)239873 Words   |  960 PagesDirector: Jayne Conte Cover Designer: Bruce Kenselaar Photo Researcher: Karen Sanatar Manager, Rights and Permissions: Hessa Albader Cover Art: Fotolia Media Editor: Denise Vaughn Media Project Manager: Lisa Rinaldi Full-Service Project Management: Integra Software Services Pvt. Ltd. Printer/Binder: Edwards Brothers Cover Printer: Leghigh-Phoenex Color Text Font: 10/12, Times Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on