Case Study On Bestco Company.

1015 words - 4 pages

Executive SummaryThe company, Bestco, was doing well for several years by their president until he expanded on more business and hired of more staff personnel. Troubles began to emerge when he could not handle managerially due to time constraints and the arrival of new staff members. His vision and focus for his company became blur and could not identify the problems of the company. The company is starting to collapse because his staff members have lack of motivation to work for him.Situational AnalysisBestco is headed by a retired teacher who does not have much business experience. Since the company was doing well, the president decided to expand the company for taking more businesses and recruited more staff. After the expansion, the president found himself overwhelmed and constantly without time as more business and new staff arrived. He did not have time to hire a new bookkeeper and he began to start to do bookkeeping by himself. Since he had poor bookkeeping skill, the company was not getting its payments and was unable to pay its vendors, which led to vendors not cooperating with deliveries or essential products. The president's attitude had changed because of the decline of the business and productivity of the company. He became reactive. He was always angry and felt stressful. He stopped attending staff meetings and discontinued his policy of individual supervision. He began to fire and re-hire staff over the past year. The impact of this situation affected the staff's morale and confidence because they constantly had to argue with their clients and vendors, had to look after other's job as well after one quit the company. The remaining staff members felt they were abused and resentful. This crisis created the lack of motivation to work for the president and Bestco started to crumble.Identification of the ProblemThe vision of Bestco is to expand its business. In order to do that, the President tried to hire more staff members. But the President is a retired teacher, who has been in business for several years only. After his bookkeeper left the company, he tried to take care of the company's financial accounting. But his poor bookkeeping skill created a lot of problems for Bestco because it was not getting its payments and was not able to pay its vendors. It created poor credit rating because if Bestco could not get payments from its clients, the company could not have sufficient money to operate its business, in the worst case scenario, all staff members could not get paid. If it could not pay to its vendors, the vendors would no longer supply the materials to manufacture; it would eventually constitute a decline of its business. Because of his overwhelming of his work and lack of time, his temper against his staff was not good. The turnover rate of hiring, firing and quitting of staff was very high. When a staff member left, other staff had to take care of his job. Nobody knew what they were responsible for. It implied that an employee...

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