Reference no: EM132819261
Scenario
It is now April 1, 2020. The 2015 purchase of You Figure it Out was culminated and the planned integration of their manufacturing and sales, as described in Discussion 3, fully completed. The company now has 411 stores and 24,000 employees. 344 of the 411 retail outlets all sell the upscale and moderately priced lines; 51 retail outlets (Texas (6), California (13), New York (15), Nevada (4), Florida (9), and North Carolina (4)) sell only the You Figure it Out brand. These 51 stores employ 2,000 of the 24,000 workers.
There are 16 stores overseas, Spain (4), France (4), Germany (4), and England (4), that sell all 3 product lines. These stores employ 1,000 workers. Half of these employees work in the retail stores and the other half work at various seaports in their countries receiving furniture and delivering the furniture produced in the US to various stores and customers.
In 2015, Margot Smithfield and the 12-member board of directors purchased You Figure it Out, a moderately profitable 51 store chain of ultra-modern furniture. The furniture and furniture-related accessories of You Figure it Out were all made in China, but with the 2015 acquisition, all furniture is manufactured at 1 of the 5 furniture manufacturing plants in the United States. Their retail stores are located in Texas (6), California (13), New York (15), Nevada (4), Florida (9), and North Carolina (4).
2019 Gross Sales (all product lines) $1.6 Billion US. 2019 Net Profit $440 Million April 30, 2020 (Cash Reserves) $2.8 Billion 60% of sales, gross revenues, and expenses are associated with the upscale product line. 25% of sales, gross revenues, and expenses are associated with the You Figure it Out product line. 15% of sales, gross revenues, and expenses are associated with overseas outlets. In other words, for the purpose of this case activity, all 3 product lines are proportional in terms of revenue and expenses.
The Management Issue: Presently, it is believed that as early as March 2020, the possibility exists for the company to be in the throes of a worldwide rapidly spreading, high contagious, debilitating, and often fatal viral pandemic. The company must plan for this eventuality to occur.
- What are the major effects on Planning for the company?
- What is the most Significant Planning action for the company?
- What are the major effects on Organizing for the company?
- What is the most significant Organizing action for the company?
- What are the major effects on Leading for the company?
- What is the most significant Leading action for the company?
- What are the major effects on Controlling for the company?
- What is the most significant Controlling action for the company?