Edmunds Corugated Parts and Services Essay

There some issues that Edmunds Corrugated Parts and Services have face that has made it to be in the position that it is currently. Initi eachy, the company started with a problem of where to put up the industry. Otherwise, Larrys grandfather was there to offer a atomic number 5 where Larry would put up his starting line industry. The industry also had no money initially and therefore it had to start with loaned money from the grandfather (Stodghill, 2005). Through this, it made a break through with(predicate) to what seemed to be a dream at the first time to what it is currently.The company initially was not capable 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 hard running(a) workers. After the industry grew, the company was suffering from the issue of substitute the current employees who at this time were skilled with the new ones ((Stodghill, 2005). T he reason being that they were loyal and they could not have left the company to search for a personal line of credit elsewhere as the rest young employees would do.The former(a) issue that the company is succumbing on is the issue of competition. Initially, the company had a market sh be of 75% only when 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 make is the production of the more flexible plastic films and reusable plastic containers. This has growingd the customer demands on their products.The industry also suffered an issue of the losing several industries especially in U.S due to the consolidation that was done by the paper industry. This has made the industry wipe out most of the industries that were served by Edmunds. The rest of the people wh o survived opened separate branches oversea as joint ventures. In addition, the few who were left were making high quality machines that were rarely breaking up making their customers stay for rattling long without going back to the company ((Stodghill, 2005). This made the business sales turnover to decline significantly with time. This made the company to be dislodged by other manufacturers through the production of domestic and export goods. This is the reason that had made the company currently to be in cross road.Strategy for addressing the company situation at handLooking at the situation that the company ids in at this time, it requires a strategy that go out ensure that it volition be revived therefore, through a strategic grooming, it is capable to ensure that the company is capable of returning the company back to the course of its business. Therefore, it is paramount to ensure that there is strategic focussing that will comprise three phases to ensure that the com pany 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 ongoing 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 theorize 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 potentiality 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 used 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 formed 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 combative edge. 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 cost effective, not degraded and acceptable by the entire stakeholder to ensure that the current situation is salvaged.The strategy that would be hardest to implementThe part that has been very hard according to the experience is the instalment of implemen ting 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 undergo training to ensure that they have what it takes to accept the changes that will be brought active 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 pick out closure of the company.Strategies Edmunds could use in the future to reduce potential crisesThere are different methods that Edm und can use to ensure that the company is not multiform in the crises that it is in today. Nevertheless, most of them should be amalgamated to ensure that they offer the best results. The first strategy that the company is supposed to embrace is development of question 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 bring 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.