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DB WK 3 - You have just been appointed CEO of a very large...

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You have just been appointed CEO of a very large construction firm. The company consists of three divisions: 1). Residental Construction 2). Multi-family and commercial construction 3). Infrastructure Development Service (streets, water and sewer, site preparation, etc.). The company has experienced 50+ years of successful operations, making a profit and paying a stock dividend every year. For three of the last five years, however, losses have been experienced and stock dividends have not been paid. The company is departmentalized within each Division by Function. Authority is highly centralized, almost exclusively reserved for the CEO. One exception is the three chief engineers in each Division. Their authority/power is not formalized, even though they often exercise more power than most of the SENIOR EXECUTIVES. Discussion Assignment: Assuming that the poor financial performance is largely attributable to the organizational structure described above: What would you do as the NEW CEO to restore the company to a consistently profitable position? Consider specifically the possible role “contingency variables” and the “learning organization concept” might play in your actions.
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