MGT and Business Policy
Research Mars (http://www.mars.com/global/News+and+Media/Mars+News.htm). After reviewing of all the documents you can find on the web and in libraries, write a 3-page response to the following questions:
1. What is the most important problem facing Mars?
2. What recommendation(s) would you make to Mars, and in what order of priorities?
3. How do you balance between your commitment to shareholders and your commitment to the community?
Please include references.
... per the directions, now we will discuss about the significant problems, which are confronted by Mars in the proceedings of its business operations.//
Significant Problems faced by Mars
From the beginning of its business operations, it has confronted a number of challenges and problems. In present, when the company has reached at its maturity stage, still it is facing a number of problems, which are more severe than the old ones, as the market has turned into a competitive place where a number of firms are trying to compete with each other. Following are the significant problems faced by Mars:
Ø The business of the Mars was directed by the third generation of family members who are retired now and due to this, it is becoming more and trickier to assure that the guiding principles are strongly implanted all over the organization.
Ø With the imminent leadership transition, the corporate culture of the Mars is in danger of destruction.
Ø Another significant challenge includes the falling talent channel and continuous decentralization.
Ø Learning initiatives of the company are getting fragmented and incompetent.
Ø Company is also facing a problem of duplication of effort (Kandybin & Grover, 2009).
//Above, we discussed about the problems faced by the Mars. Moving to the next part of the instructions; we will write about the possible solutions or recommendations that can be given to Mars in a particular order to solve its problems.//
Subsequent are the various recommendations that can be given to the Mars in dealing with its ...