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Global Strategic Management
Gwendolyn Yaple
MGT485-0601A-02-IP Unit 1
Dr. Jack Aschkenazi
January 7, 2006
The most important problem facing the Wallace Group is the micromanagement of the
organizations by the CEO Harold Wallace (Wheelen and Hunger 2006 p. 2-1-2-10.) The
Wallace Group should empower rather than micromanage. All areas of management should
be monitored. The failure to develop sufficient management accountability,
communications and oversight results in the breakdown of tasks and processes that are
reflected in lost productivity as well as profitably. Management should create and
communicate reasonable controls to validate the job at hand. These controls can lead to
inadequate or ineffective performances that must be corrected or mitigated.
I would begin by explaining to Mr. Wallace that Strategic management is the process by
which strategies and policies are put into action through the development of programs,
budgets and procedures (Wheelen and Hunger 2006 p. 16.) I would further explain that an
organizations objectives must be identified in order to develop such policies and plans. The
Chief Executive Officer (CEO) and executive team should implement such plans. Strategic
Management provides overall direction to the whole enterprise. The organization strategy
must be appropriate for its resources, circumstances, and objectives. The process involves
matching the companies strategic advantages tothe business environment the organization
faces. One objective of an overall corporate strategy is to put the organization into a
position to carry out its mission effectively and efficiently www.wikepedia.com A good
corporate strategy should integrate an organization goals, policies, and plans into the entire
organization so that the entire organizations needs are met (Wheelen and Hunger 2006 p.
