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Mcfettridge nobody had thought of replacing him & there was no one in the company who could take over, so the situations get worst from there.
In the first place none of the new acquisitions really giving much of the business, the company with its seventy millions dollars of sales contributed about a quarter of the company’s sale & considerably large share of company’s profits. Only few of companies contributed in handsome fashion but not all.
The current problem faced by the company is as follows:-
1. The all the businesses had not integrated with one another.
2. The one with the least growth potential were also the businesses that contributed the most cash to the parent firm, at the same time firm with the best long range potential for growth & profit were also those that needed the more cash...
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