Fiffie International - Case Study

1. Introduction
Figgie International
Figgie International began in 1963 when Harry Figgie acquired dozens of small companies and merged them. By 1989, the company consisted of 36 divisions offering dozens of various products. The company once generated $1.31 billion annual revenues, and about $63 million profits for its shareholders. However, the company ended up bankrupt by 1994. This report will identify the problems in the company and suggest ways in which the failure could have prevented.

2. General Management Issue
2.1 Organizational Cultural And Management Style
2.1.1 No Clear Plan
The company should have had a clear plan which guided the division to direct improvement and work practices. However, at Scott Aviation, manufacturer of emergency oxygen masks, there were once 20 projects being run simultaneously. The project¡¦s goal often clashed with another¡¦s. It was also hard to allocate human resources to handle those projects as it took a great deal of time to meet w...