MGM465-0801A-05 Business Strategy - Phase 1 Individual Project Essay

MGM465-0801A-05 Business Strategy - Phase 1 Individual Project - Essay Example Warden International, Incorporated is a conglomerate international firm is in the process a merger & acquisition deal to purchase Able Corporation. The target investment, Able Corporation, is a company dedicated to manufacturing portable and electric power tools. This report provides a qualitative analysis of different aspects that the newly formed management team of Walton & Able must consider in the planning process to develop a strategic plan for Able Corporation by the stipulated deadline of June 11, 2008. Able Corporation has been in business for a while and has lots of experience in their industry. The human capital that has been developed in-house in this firm are hold valuable information which can not be reproduced by any other means other than directly retrieve the information directly from the source. The employees of the company at all levels are the first place to look in order to build a new mission statement for the newly acquired subsidiary of Walton International. The employees should also be part of the strategic planning process since the data needed to create alternative solutions concerning important business functions such as risk management and corporate social responsibility strategies within their minds. The identity of the company was defined through years of harmony and synergies that was lived by the employees of the company who determine the corporate culture of the company. A corporate culture is a system of shared actions, values, and beliefs that develops within an organization and guides the behavior of its members (Schermerhorn & Hunt & Osborn, 2003). During the initial phases of the negotiation process between the board of directors of Able and the executive management team the topic of organization cultural integration had to be discussed. As the merger moves forward the company needs to determine the best exploit the competitive advantages that can be achieved with the union of two workforces. A way to initially