scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 3,401
Objective This paper aims to analyze the current situation of Ferox and make recommendations regarding the strategy and the action plan to be followed in order to cope with change Overview In October 1991 a public announcement was made regarding the privatization plan of Ferox a Czechoslovak gas and chemical company located in a northeastern industrial city near the German border The privatization proposed project was stipulating the following - 3 of shares - set aside as a reserve fund for restitution to the original owners - 3 of shares - for employees purchase - 52 of shares - for purchase by the international gas products corporation Air Products and Chemicals Inc APCI headquartered in US - 42 of shares - for purchase by Czech citizens through the government voucher program Ferox has 1350 employees organized into six functional departments production services production commercial economics personnel engineering APCI recognized that even if in this country the industry is old there is a lot of production capacity Therefore APCI decided to purchase Ferox and was planning to transform it in its biggest manufacturing facility APCI will have a major role in Ferox privatization due to the fact that it will bring important contributions like specific know-how about the gas business management skills financial and accounting skills technological skills and marketing skills Business Context The period immediately after the velvet revolution in 1989 meant difficulties for the majority of companies in Czechoslovakia including Ferox an instable political situation the tendency of replacing people rather than changing their behaviour a new management that does not know how to run their company the belief that old contacts are not useful anymore A critical factor that influences the change both at the national and corporate level is the lack of managerial skills It is obvious that the move forward the change cannot be efficiently made without a new management approach Ferox management team believes
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA