Westmills Carpets Limited
Title: Westmills Carpets Limited
Category: /Business & Economy
Details: Words: 462 | Pages: 2 (approximately 235 words/page)
Westmills Carpets Limited
Category: /Business & Economy
Details: Words: 462 | Pages: 2 (approximately 235 words/page)
What should be done? Derek Mather should act as the turnaround manager and get everybody involved in his solution under his direct command. The most urgent thing is to get rid of non-profitable products and cut cost. On the other hand, he should improve cooperation between departments and fully develop the control and financial system in order to achieve on-time delivery and reliable product quality.
Why should it be done? First, the degree of shareholder
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as a whole.
Fourth, to develop a stable workflow and keep certain level of training is necessary for Westmills. And at meanwhile, eliminate the impact of rumours and enhance the morale among the employees with profit-sharing plan.
The last but not least, Cash flow and other financial reports should be submitted to Derek frequently so that he will have a idea for current operation of whole company and be able to make any change accordingly.