Edmunds Corrugated Essay

1. Analyze the fares faced by Edmunds and describe what lead the c entirelyer to this situation. Edmunds Corrugated Parts & Services are a bon ton found in Virginia, U.S. owned by Larry Edmunds who provided precision machine parts and serve for the domestic corrugated box industry. About two years ago, Larrys grandfather loaned him the money to start the business. It is Larrys first factory in a barn on what had been the familys Shenandoah Valley farm. He operates from a 50,000 square-foot factory located near I-81 just a few miles from that experienced barn (Daft, R., 2010). However there are some issues that Edmunds has faced with the quarterly earnings. They simply were not as they had been in the past. Firstly, the corporation was capable of employing most one hundred employees who were mostly neighbors.They were as badly- gaining and loyal employees. However, mevery of employees were dismissal to retire. The club was suffering from the issue of replacing the current employees. The other issue the company was holding market plow at 75 percent but the market share lately has reduced significantly. It was due to the issuance of the companies that had appeared manufacturing the same product. This had made it possible for the company to diversify their production with products such(prenominal) as the more flexible p holdic films and reusable p detainic containers. The last issue faced by Edmunds is losing industries mainly in U.S. due to the integration that was done by the paper industry. Some industries that survived opening other branches marine as joint ventures. This issue had bought Edmunds to the crossroads of what he should do to run the company revenues back to where they exercised to be.2. Create and describe a dodging for addressing the situation at hand. From the issues the company had faced the competition was changing, external rules and regulations were changing, and suppliers were changing as well. The scheme that worked we ll in the past is no long-life producing the results company would like. Therefore the company demanded a outline would make legitimate it will recover by way of strategic oversight, it is efficient to see that the company is capable of returning back to the way of its business. The strategic prudence is the comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and adjust resources and actions with mission, vision and strategy throughout an organization (Management Study Guide, 2008). The requirements for an ongoing process in strategic management are environmental examine, strategy manifestation, strategy implementation and strategy evaluation.The first process of environmental scanning or situation analysis refers to the process of amassing, studying and providing information for strategic proposes. It would help the company analyze the internal and external factors that impact an organization. The company can de fine strength and weakness with these two, they can find coming(prenominal) risk and opportunities as well (BE Business Education, 2011). This will show Edmunds the opportunities and holy terror for example, the ones that had made most other companies go overseas. The second strategy formulation is the process of designing and selecting the most suitable course of action for the proceeding of organization goals and objectives and thereby achieving the organization vision (Bushman, M., 2007). This strategy should ensure the company regains it matched edge.The third strategy implementation implies making the strategy work as intended or deputeting the organizations chosen strategy into action including developing steps, methods and procedures to execute the strategy (Bhasin, H., 2010). The company management should ensure that the implementation of the strategy is cost effective, not disruptive and agreeable by all stakeholders. The final process of strategic management is stra tegy evaluation. These activities are evaluating internal and external factors that are the root of current strategies, touchstone performance, and corrective actions. These processes will give Edmunds some great opportunities for an example, making smell goods can be used to ensure that they increase their market share and customers will be loyal to their service. 3. Assess which element in the strategy you just described would be the hardest to implement and explain why.The part that would be the most difficult state in strategic management is the strategy implementation. This is because it involves change. It will require the management to fit the resources, the competencies and the opportunities that the company has in the market. The post of employees and managers are needed in order to successfully implement a strategy. When people do not proactively make the changes that are needed to suit to the strategy, this will be one of the large difficulties. Moreover, if there is no inspection to the strategy implementation, this will be one of the largest difficulties.The strategy implementation is hard and risky if it does not well carry on. All the resources that have been put in place can be wasted if any see happens in the process. It may lead to complete closure of the company as well if they will waste their time.4. Describe what strategies Edmunds could use in the emerging to reduce potential crises before they happen. There are different methods that Edmunds could use in the future to ensure that the company does not entangle in the potential crises. The first strategy that the company would use is development of look into department that will be looking at innovation for the company to guarantee that it is at a competitive edge at all the time. The second strategy is the training to the employees. This will ensure that the employees have the approaching technology skills and the productively level will increase as well. The last strategy is the employee recruitment. The company has to make sure the employees are ready and competitive which means the employees are capable of rising upon all challenges. These will be good methods for the company to ensure that they will not complicate any of the crises that it is in today.ReferencesDaft, R.S. (2010). Management. 9th Ed. Mason, OH Cengage Learning. Management Study Guide. (2012). Step in Strategy grammatical construction Process. Retrieve Feb. 8, 2013, from http//www.managementstudyguide.com/strategy-formulation-process.htm BE Business Education. (2011, September 6). Importance of Environment Scanning. Retrieved Feb. 8, 2013 from http//business.svtuition.org/2011/09/importance-of-environment-scanning.html Bushman, M. (2007, April 7). The major Elements of the Strategic Management Process. Retrieved Feb. 10, 2013 from