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Also the underperformance of two of three groups especially the chemical group. The apparent problems are only the symptoms of the real problems. One of the primary issues is the lack of management training; the managers were grown with the company and lack previous experience in management. There seems to be no strategic planning in place, no clear marketing strategy, no cooperation between corporate and the divisions, and they don't have a common goal.
An example of this is that Mr. Wallace's own employees are demoralized due to the lack of action by upper management. Since management is not empowered they do not communicate to their subordinates about their concerns or ideas without Mr...
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