Week 1 Analysis Consolidated Life Essay

Submitted By Joe-Nitchals
Words: 660
Pages: 3
Open Document
Consolidated Life Case Study
Joe Nitchals
University of Saint Mary

Consolidated Life Cultural Issues

Problem

Consolidated Life, a prestigious insurance firm, has gone through a state of reorganization within its management team. Stability in the organization is fully dependent upon the management staff. Jack Greely, the new division senior vice president, has a reputation of being tough and fair. Jack prefers that his employees do things his way and to keep the work moving. Employees now identify Consolidated Life as a prison setting. Employees are not allowed to have opinions or to bring forth any ideas that do not conform to the culture set by the management staff within Consolidated Life. The quality of work now reflects the poor attitudes of the employees.
During a previous restructure of the organization, an employee first and results driven manager, Mike Wilson, was able to streamline work-flow in multiple business process. Mike left for a different department of Consolidated Life, before Jack Greely was brought on. Mike is now back ready to help his old department as leader of a 14-person unit, however his management style now clashes with the new vice presidents ideals.

The Conflict

Upper level management at Consolidated Life is behind its VP Jack Greely. Previous management tolerated Mike Wilson’s employee focused management style, because he was able to increase productivity, reduce errors, and reduce lost time. Mike was labeled as free spirited and unorthodox (Ivancevich, 2005, pg 1). With Jack Greely now in place management is much less forgiving and willing to allow its middle management the ability to make decisions that do not match up with their ideals.
Upon Mike’s return to Consolidated Life he saw that all of the improvements that he had helped implement prior to his transfer had all been cut and wiped out. Mike had to feel a sense of unease at this point. Knowing that even when improvements had been made that management would still not tolerate challenging ideas can further put employees into a poor working mood. Still, Mike brought back his same great ideas and convinced his fellow middle managers that one of their biggest issues was lack of training and the ability to generate ideas. Mike helped develop a manager’s forum to help with both of these issues. Jack Greely was dissatisfied with his middle managers trying to start a union and met to find a way to squash the forum.
The manager’s forum put a target on Mike Wilson back. It labeled him further with management as being loose, thus beginning limitations for Mike’s upward movement within Consolidated Life. Mike’s results didn’t matter to Jack. Mr.
Show More

Related Documents: Week 1 Analysis Consolidated Life Essay

Ifrs In The Philippines

Table of Contents Background 1 IFRS Analysis 1 Note Disclosures: 1 IAS 2: Inventory 1 IAS 16: Property, Plant and Equipment 2 IAS 18: Revenue 3 IAS 38: Intangible Assets 5 IAS 40: Investment Property 5 IFRS Choices 7 Investment Analysis 9 Nature of the industry 9 SWOT Analysis 12 PEST Analysis 12 Critical Success Factors 13 Financial Analysis 14 Recommendation 15 Appendix 1: Consolidated Statement of Earnings 16 Appendix 2: Consolidated Balance Sheets 17 Appendix…

Words 4783 - Pages 20

Summarised Summary Essay

Week 1 – Assets & Investments Major Asset Classes Equity Highest risk, highest return Eg. Australian company stocks, managed funds, foreign stocks & specialty stocks Cash Low risk, low return Short term debt instruments Eg. 90-day treasury notes & bank accepted bills Fixed Interest Relatively low risk, relatively low return (higher than cash) Long term debts Eg. Government bonds & corporate debentures Property High risk, high return Real estate Eg. Property trusts & residential property investment…

Words 1698 - Pages 7

38814718 Wk8 Laura Martin REPORT Essay

FINS3625 APPLIED CORPORATE FINANCE Case Study Written Report Week 8 Valuation: Laura Martin Name Student Number % Contribution Signature Karen Chan z3242429 20 Yifeng Chen (Nino) z3283995 20 Tony Richardson z3253113 20 Weitao Wu (Tony) z3284666 20 Wendy (Wenyu) Yan z3241580 20 Multiples versus DCF analysis Multiples analysis is simple to understand and apply. The inputs for the multiple are publicly available, though are vulnerable to accounting manipulation. Also, it is difficult…

Words 2506 - Pages 11

St Giles Hospice Market Research Proposal

3: Accounts and Finance: 3.5 – Final Accounts 3.6 – Ratio Analysis Section 4: Marketing 4.3 – Product Methodology…

Words 2531 - Pages 11

Groupe Ariel Essay examples

TIMOTHY A. LUEHRMAN JAMES QUINN Groupe Ariel S.A.: Parity Conditions and Cross-Border Valuation On June 23, 2008, a Monday morning, Arnaud Martin arrived at his office in Groupe Ariel’s corporate headquarters in Mulhouse, France. The previous week, Martin had requested additional financial information about an investment proposal from Ariel-Mexico, a wholly owned subsidiary that operated a manufacturing facility and a regional sales office in Monterrey, Mexico. The information had arrived late…

Words 3031 - Pages 13

Compensation And Benefits Strategies Recommendations

the client. The analysis established that the client will face 58 licensed chauffeur/limousine vendors as competitors in Austin, TX. The competitors offer a range of services that begin with basic/standard prom night limousine service to classic car rentals with a personal driver. The typical price points range from $30 to $60 an hour for a standard sedan. The typical rate average for this kind of service in Austin, TX goes as follows (based on a 3-hour rental), Luxury sedan (1-4 passengers) $60-$90/hr…

Words 972 - Pages 4

ACC501 MOD1 CASE Essay

Introduction to Financial Accounting Module 1 - CASE For Dr. Intro Abercrombie & Fitch Co. (A&F) an American-based fashion retailer that has more so focused on their profitable men, women and kids objective market. They operate by way of retail stores and direct-to-consumers through their website. Hennes & Mauritz (H&M) a middle-market clothing company based in Stockholm, Sweden. They opened their first store in 1947 and have expanded to approximately 2,226 stores located…

Words 2245 - Pages 9

Walmart in the 21st Century Essay

than 176 million customers a year (Walmart, WalMart Stores). Sam Walton, in his autobiography said 
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.” * * Current Situation: Walmart Stores U.S. is the company's largest division, accounting for $258 billion, or 63.8% of total sales for financial year 2010. It consists of three retail formats that have become commonplace in the United States:…

Words 2059 - Pages 9

Solid Manufacturing Final Edits Allowed Essay

Solid Manufacturing Corp. DPA701 case due July 1, 2015 Company Background Solid Manufacturing Corp. “(SM”) is a privately owned Canadian corporation that designs and manufactures equipment and conveyor systems for a variety of customers primarily in the natural resources industry. Headquartered in North Bay, Ontario, SM operates as a quasi-independent group of three subsidiary companies. The three subsidiary companies are Mining Products, Industrial Solutions, and Truck Products. SM was founded by…

Words 5184 - Pages 21

Essay on Seminar 1

1968 (the Act). § The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. § Do not remove this notice. 1 Words of Wisdom “The secret of a good [seminar] is to have a good beginning and a good ending; and to have the two as close together as possible.” (George Burns) 2 Business and Economics Welcome to the wonderful world of ... Advanced Strategic…

Words 3552 - Pages 15