Duane Morris Case Analyses 1. What factors have led to Duane Morris's success? What prompted their late-1990s growth spurt? 2. How should Duane Morris plan to integrate their new acquisition? 3. What are the biggest risks faced by the firm in the next 5-10 years? Duane Morris strategy evolved over time while leveraging its history. The strategy was shaped by its environment, resources and leadership. The degree of congruence between the people, the tasks, the informal and formal organization was relatively high, which led to a successful growth and profitability. * Duane Morris compensation structure is one factor that was well aligned with the company’s strategy from formal organization perspective and led to its …show more content…
This probably contributed to better retention. On the other hand, this process is more slow and conservative, potentially leading to the firm missing out on great opportunities. * The people it hired were well aligned with its straregy. They spend significant amount ensuring the person they are interviewing understands the culure and will be a good fit. 1. Client have multiple touch point provides better service for the client interms of expertise, but at the same time could prevent any one lawyer leaving and taking away that client as they client appreciate having all these other lawyers as well. This is aligned with the firm strategy and helped their success of growing and not losing clients. 2. Another business approach is their ancillary businesses and its success growth. The separation from Duane Morris, called another name, so it limits their exposure. In addition, if things go terrible wrong, it is not their client anyway bc 85% to 90% of the ancillary businesses’ customers were not law firm clients. Also this business was not the same cyclicality so it allowed to diversify its revenue stream. Duane Morris’ growth in the late 1990s was prompted by the macro environment change at the same time they embraced their history of team work and listening to each other, resources that are good at team work and
Sparkle Company is a Nigerian diamond mining company. Sparkle is a joint venture, 50 percent owned by Shine and 50 percent owned by Brighten. Both Shine and Brighten are U.S.-based companies with their functional currency being the American dollar. Sparkle Companies functional currency is that of Nigeria, being the Naira. During 2009, Sparkle had several transactions with its joint venture owners and outside parties. The details of Sparkle’s transactions are three loans, three expenditures, and one revenue stream. The loans the company took out were $1 million from Brighten, $1 million from Shine, and 300 million Naira from a local Nigerian bank. The expenditures
Troy Anthony Davis was the oldest child of four siblings. His father Joseph and mother Virginia Davis grew apart from each other while Troy was still young. Troy grew up in a predominantly black neighborhood considered as the middle class of Cloverdale located in Savannah, Georgia. Troy attended school at Windsor Forest High. He did not successfully complete school and eventually dropped out during his junior year. Troy put that behind him and obtain his GED from Richard Arnold Education Center in the year of 1987. Troy was given a nickname Rah which stood for “Rough as Hell”. Despite the hardcore name he was looked up to as a big brother by his surrounding peers.
A Humboldt County judge ruled today that a McKinleyville man would not stand trial for charges related to the murder of a Humboldt State University student.
For a while, Welch could not articulate an overall strategy for the corporation. It wasn’t until 1983, that he was able to wrap up in a sentence his vision of what the company should become. Once he got there, Welch’s message was strong and clear “Become #1,
b. What medium would you use to reach each of these parties and what would your relative resource allocation be to each?
Owens & Minor is a distributor of surgical and medical supplies to hospitals and other health care facilities. Due to changing demand from customers, the company is facing increased operating costs, which has resulted in lower profit margins and even losses. In 1993, O&M recorded an $18 million profit, which was reduced to a loss of $11 million in 1995. The entire industry is experiencing similar difficulties. In an effort to resume profitability, O&M is evaluating alternatives to “cost-plus pricing”. Cost-plus pricing does not reflect the true cost of the services provided by O&M. Customers are demanding more of O&M while
Build the management-research question hierarchy, through the investigative questions stage. Then compare your list with the measurement questions asked.
5. Should the company seriously consider any other options besides doing a spin-off or issuing targeted stock?
Case study 1. Three priorities of work needed to address to ensure Mrs. Morris needs are met at the residence are; a. To be able to identify what is to be done in the client best interest e.g in order to be effective in what is to be done and not forgotten, we must make a list of all that would be expected to be done. b. Recognize the priorities one step at a time e.g. make a schedule of the task to be done by sorting out the relevant task needed to make the client comfortable. c. Prioritize in order of urgency e.g. Give attention to all tasks needed to be done of equal value and do it according to where you are and how you feel. This gives you a real sense of freedom and flexibility when it comes to the moment of choice.
They also have years of international experience and low cost experience the culture. These two combined they offer a strong market knowledge and the necessary skills.
How effective was Ron Daniel in leading McKinsey to respond to challenges identified in the Commission on Firm Aims and Goals? What contribution did Fred Gluck make to the required changes?
There are four major internal and external risks that threaten our business. Here are the details including contingency plans for them.
Identify the potential risks which affect the company and manage these risks within its risk appetite;
The three largest challenges my company faces is (1) company secrets being exposed, (2) competitive market, and (3) boosting staff morale.
In your opinion, what are the key issues facing your organization over the next five years?