STRATEGIC MANAGEMENT

Strategic Management



Strategic Management

Introduction

This paper aims to analyze the toxic catastrophe that played havoc with the reputation and stability of Harles and Jentzsch. This study implies the core concepts of strategic management and deeply analyzes the issue in light of relevant themes of strategic management that develops critical thinking and potential solutions. We will analyze the strategic position of the company and the influences of the catastrophe on it. We will propose some specific strategies for Harles and Jentszch in lieu of the situation. There will also be an analysis of ere-establishing a positive public image of the company as soon as possible. In the end, we will evaluate the attractiveness of the company as an acquisition target by another player of the same industry.

Briefly describe how the toxic catastrophe affected all stakeholders.

In today's corporate world, firms are evaluated on the basis of the impact that they cause on the natural environment. Hence, strategic management has become an increasingly important topic in recent times. It enables the company to devise strategies for survival even in trying times. The toxic catastrophe in question greatly impacted upon the stakeholders of Harles and Jentzsch. It could have impacted upon any company that was involved. The stakeholders of a company are people who are related to the company in a direct or an indirect manner; also, whose actions affect the company and vice versa. These people are influenced by any developments in the course of business. They have a “stake” in the organization, and organizational happenings influence them in all ways. A catastrophe is an unusual situation characterized by the instability of the company, which obliges them to adopt a specific governance to return to the usual mode of life. For crisis management, the mode of corporate governance has to be renewed forcefully. The notion of crisis in medical terminology describes the decisive phase of illness (individual or epidemic). Then, outside the medical field, the term "crisis" has spread to the idea of problems, situations of imbalance and serious disorders (social, economic, political, geo-political, corporate, climate, etc).

The major stakeholders that could be the worst victims of this toxic catastrophe include the major and minor shareholders, employees, creditors, and customers. The shareholders face acute difficulty in deriving profits from the business, which is facing a problem of such a magnitude. The payment of dividends to prefer and common shareholders also pose an issue since the repute of the company reduces demands for its offerings. When the profit margins of the company decreases, it causes an adverse impact to many people who are relying on the firm. The same was the case with Harles and Jentzsch. It needed to make payments at various ends. But the situation plunged the company into financial stability and turmoil. This is often a very trying situation. The employees face job dissatisfaction as they fear turnovers due to lack of funds in the company. They also suffer from a deteriorated situation in which their association with such a firm ...