Lakeland Wonders - Essay Example

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Lakeland Wonders

Lakeland wonders is a company run by CEO Cheryl Hailstrom. Cheryl is new at her job (she has been performing her position for six months) and has noticed that many changes need to be implemented in the company for overall improvement.However, the company has been resistant to change. Therefore, Hailstrom is attempting to find ways to resolve this issue.While working in marketing their new CEO Hailstrom was always known to be one step ahead of the rest which was a big factor in increasing the companies growth and financials. The company ability to implement and execute a planning & development strategy has allowed them growth from a small chain of stores to operating over 150 stores.The CEO Cheryl Hailstrom is relatively new to the company. She was brought in only six months ago when Walter Swenson IV wanted to retire, and none of his children showed interest in his business. Thus, she has become the first person not related to the family to hold this high position.Hailstrom's expansions ideas, however, do not seem to be successfully taking hold. She has tried several different proposal ideas in order to help the company, but the sales force has only been slowly increasing the calls it had been making without her, and her concept of a bonus plan was received indifferently from union officials. Hailstrom feels that the employees and management in the first are focused on doing things the old way, which means slow production, and not the new way she wants to do things, which focuses on fast production. ...Show more

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Lakeland wonders is a company run by CEO Cheryl Hailstrom. Cheryl is new at her job (she has been performing her position for six months) and has noticed that many changes need to be implemented in the company for overall improvement.However, the company has been resistant to change. …
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