Reference no: EM132821369

Case Discussion:

(Combining Agile and traditional functions of management)

It is now April 1, 2020. The Smithfield Custom Furniture company now has 411 stores and 24,000 employees. 344 of the 411 retail outlets all sell the upscale and moderately priced lines; 51 retail outlets (Texas (6), California (13), New York (15), Nevada (4), Florida (9), and North Carolina (4)) sell only the You Figure it Out brand. These 51 stores employ 2,000 of the 24,000 workers.

There are 16 stores overseas, Spain (4), France (4), Germany (4), and England (4), that sell all 3 product lines. These stores employ 1,000 workers. Half of these employees work in the retail stores and the other half work at various seaports in their countries receiving furniture and delivering the furniture produced in the US to various stores and customers.

2019 Gross Sales (all product lines) $1.6 Billion US. 2019 Net Profit $440 Million April 30, 2020 (Cash Reserves) $2.8 Billion

60% of sales, gross revenues, and expenses are associated with the upscale product line. 25% of sales, gross revenues, and expenses are associated with the You Figure it Out product line. 15% of sales, gross revenues, and expenses are associated with overseas outlets. In other words, for the purpose of this case activity, all 3 product lines are proportional in terms of revenue and expenses.

The Management Issue:

Margot Smithfield has requested a brief discuss on the major impact this pandemic will have on Smithfield Custom Furniture's Planning, Organizing, Leading and Controlling functions. Assuming a vaccine will be available and distributed worldwide 18 months from the start of the pandemic.

Then indicate for each of those functions the most significant action the company will need to take to ensure its survival, assuming the pandemic's effects will last 18 months.

Due to the pandemic, the company must plan for this eventuality to occur:

1. What are the Major Effects on Planning for the Company?

1(a). What is the Most Significant Planning Action for the Company?

2. What are the Major Effects on Organizing the Company ?

2(a). What is the Most Significant Organizing Action for Company?

3. What are the Major Effects on Leading for the Company?

3(a). What is the Most Significant Leading Action for Company

4. What are the Major Effects on Controlling the Company

4(a). What is the Most Significant Controlling Action for the Company?