Edmunds Corugated Parts and Services Essay Example for Free

Edmunds Corugated Parts and function EssayThere some issues that Edmunds Corrugated Parts and Services subscribe faced that has make it to be in the position that it is currently. Initially, the confederation started with a problem of where to enjoin up the industry. Otherwise, Larrys grandfather was in that respect to offer a barn where Larry would found up his counterbalance industry. The industry also had no money initially and in that locationfore it had to start with loaned money from the grandfather (Stodghill, 2005). done this, it made a break through to what seemed to be a dream at the first cartridge clip to what it is currently.The comp whatsoever initially was not subject of employing many people as it had only one hundred employees who were mostly neighbors. Therefore, there were probably not professional. Nevertheless, they were termed as hardworking workers. After the industry grew, the beau monde was crucifixion from the issue of replacing the curre nt employees who at this time were skilled with the new ones ((Stodghill, 2005). The reason being that they were truehearted and they could not read left the company to search for a job elsewhere as the shack young employees would do.The other issue that the company is succumbing on is the issue of competition. Initially, the company had a market divvy up of 75% but lately, the market share has reduced significantly. This is due to the number of the company that has emerged manufacturing the same products. Otherwise, this has made it possible for the company to diversify their production. An example of the diversification that they have done is the production of the more pliable plastic films and reusable plastic containers. This has increased the customer demands on their products.The industry also suffered an issue of the losing some(prenominal) industries especially in U.S due to the consolidation that was done by the paper industry. This has made the industry snag out mos t of the industries that were served by Edmunds. The rest of the people who survived opened other branches oversea as mutual ventures. In addition, the few who were left were do higher quality machines that were rarely breaking up making their customers stay for very long without going back to the company ((Stodghill, 2005). This made the business sales swage to decline significantly with time. This made the company to be dislodged by other manufacturers through the production of home(prenominal) and export goods. This is the reason that had made the company currently to be in cross road.Strategy for addressing the company seat at handLooking at the situation that the company ids in at this time, it requires a strategy that testament find out that it go out be revived therefore, through a strategical formulation, it is capable to pick up that the company is capable of returning the company back to the parentage of its business. Therefore, it is paramount to ensure that th ere is strategic management that will comprise three phases to ensure that the company is back on it course and ensure that it achieve its goals and objectives (Ansoff, 1965). These phases in the strategic management are diagnosis, formulation and implementation. This is required to be an on-going process to a point where the company will be in a position to be revived.In the first phase, the diagnosis of the company environment is required through performing a situation analysis. This will ensure that the company current mission is identified and formulated strategic objectives are put in place to ensure that the current s8ituation of the company is solved. This will give results that will look at the major strength and weaknesses of the company. The analysis of the companys environment will look at the major opportunities and threat for example the ones that have made most of the company that Edmund was working to be taken and go over sea (Ansoff, 1965). Some great opportunities such making quality goods can be utilize to ensure that increase their market share as the customers will be royal to their service. This can be used t ensure that they still sell their goods at higher prices.The strategic management that is make is required to formulate ways in which the recommendation will be offered. These recommendations are supposed to have supporting justifications that will revise the previous objectives of the company and ensure that the required strategies have been offered. These strategies should ensure the company regains it competitive distinctness. This strategic management requires to be implemented through the resources that are available and it is required to be implemented in a period that is reasonable. The company management should ensure that the implementation of the strategy is monetary value effective, not disruptive and acceptable by the entire stakeholder to ensure that the current situation is salvaged.The strategy that would be hardes t to implementThe part that has been very hard according to the experience is the portion of implementing the recommended change in the strategic plan. This is because it will require the management to fit the resources and the competencies and the opportunities that the company has in the market (Smit, 2000). It also requires fitting the recommended issues with risks and expectations.What makes this element of the strategy to be more complicated is the issue of making the stakeholders to unite and implement the put recommendation. This requires them to put up with training to ensure that they have what it takes to accept the changes that will be brought about by the changes that are there in the strategy.The implementation of the strategy is hard and risky if not well carried on. The reason being that if any hitch occurs in the process, all the resources that have been put in place will go to waste. It will be a waste of time and this may lead to complete closure of the company.S trategies Edmunds could use in the future to reduce potential crisesThere are different methods that Edmund can use to ensure that the company is not entangled in the crises that it is in today. Nevertheless, most of them should be amalgamated to ensure that they offer the top hat results. The first strategy that the company is supposed to embrace is development of research department that will be looking at innovation of the company t ensure that it is at a competitive edge at all time.This department will be in constantly interact with it environment and study around feedback that will ensure that the company is always competitive. The second strategy is ensuring training to its employees. This will ensure that they are always at per with the upcoming technology and this will ensure that the productivity level will increase. The training will always make the employee assimilate the innovation that the research department has brought about to ensure that the company is capable of competing appropriately.Finally, the company should ensure that they recruit employees who are competitive to ensure that they bring on board workers who are capable of rising upon all challenges. This will also make the company have innovative minds in their company who will ensure that they bring about changes.