Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Stelco was founded in 1910, the result of a merger between several mills in Hamilton and Montréal and smaller ones between Gananoque and Brantford. William McMaster and Max Aitken, key industrialists at the time, worked together to create The Steel Company of Canada. Stelco survived the depression of the early 1920s and the Great Depression of the 1930s. It played a significant role in World War Ill as it re-engineered its facilities to meet the demands of the war. Interestingly, Stelco maintained pre-war prices during the war. Fast forward a few decades, Stelco suffered two setbacks. In 2004, it filed for bankruptcy protection as the company faced a "serious viability issue": costs were too high and it was unable to compete with other steel manufacturers.45 In 2014 Stelco again faced bankruptcy, emerging three years later when it was sold to U.S.-based Bedrock Industries. In a surprising move, the CEO of Stelco decided during the 2020 COVID-19 pandemic to invest $110 million to make Stelco more efficient. CEO Alan Kestenbaum comments, "You have to have the audacity to spend money at a time like this. "46 Meanwhile, other steel companies such as ArcelorMittal S.A., U.S. Steel, and Kobe Steel were reducing spending. It is too early to tell if Kestenbaum's gamble will pay off, but it is a bold strategy to go larger when others are going smaller. Match the four stages to Stelco's history. Entrepreneurial Stage Collectivity Stage Creativity Provision of clear direction Crisis: Need for leadership Formalization Stage Addition of internal systems Crisis: Need for delegation with control Ellaboration Stage Development of teamwork Crisis: Need for revitalization Crisis: Need to deal with too much red tape Streamlining. small-company thinking Continued maturity Decline

Stelco was founded in 1910, the result of a merger between several mills in Hamilton and Montréal and smaller ones between Gananoque and Brantford. William McMaster and Max Aitken, key industrialists at the time, worked together to create The Steel Company of Canada. Stelco survived the depression of the early 1920s and the Great Depression of the 1930s. It played a significant role in World War Ill as it re-engineered its facilities to meet the demands of the war. Interestingly, Stelco maintained pre-war prices during the war. Fast forward a few decades, Stelco suffered two setbacks. In 2004, it filed for bankruptcy protection as the company faced a "serious viability issue": costs were too high and it was unable to compete with other steel manufacturers.45 In 2014 Stelco again faced bankruptcy, emerging three years later when it was sold to U.S.-based Bedrock Industries. In a surprising move, the CEO of Stelco decided during the 2020 COVID-19 pandemic to invest $110 million to make Stelco more efficient. CEO Alan Kestenbaum comments, "You have to have the audacity to spend money at a time like this. "46 Meanwhile, other steel companies such as ArcelorMittal S.A., U.S. Steel, and Kobe Steel were reducing spending. It is too early to tell if Kestenbaum's gamble will pay off, but it is a bold strategy to go larger when others are going smaller. Match the four stages to Stelco's history. Entrepreneurial Stage Collectivity Stage Creativity Provision of clear direction Crisis: Need for leadership Formalization Stage Addition of internal systems Crisis: Need for delegation with control Ellaboration Stage Development of teamwork Crisis: Need for revitalization Crisis: Need to deal with too much red tape Streamlining. small-company thinking Continued maturity Decline

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
Stelco was founded in 1910, the result of a merger between several mills in Hamilton and Montréal and smaller ones between Gananoque and Brantford. William McMaster and Max Aitken, key industrialists at the time, worked together to create The Steel Company of Canada. Stelco survived the depression of the early 1920s and the Great Depression of the 1930s. It played a significant role in World War Ill as it re-engineered its facilities to meet the demands of the war. Interestingly, Stelco maintained pre-war prices during the war. Fast forward a few decades, Stelco suffered two setbacks. In 2004, it filed for bankruptcy protection as the company faced a "serious viability issue": costs were too high and it was unable to compete with other steel manufacturers.45 In 2014 Stelco again faced bankruptcy, emerging three years later when it was sold to U.S.-based Bedrock Industries. In a surprising move, the CEO of Stelco decided during the 2020 COVID-19 pandemic to invest $110 million to make Stelco more efficient. CEO Alan Kestenbaum comments, "You have to have the audacity to spend money at a time like this. "46 Meanwhile, other steel companies such as ArcelorMittal S.A., U.S. Steel, and Kobe Steel were reducing spending. It is too early to tell if Kestenbaum's gamble will pay off, but it is a bold strategy to go larger when others are going smaller.
Transcribed Image Text:Stelco was founded in 1910, the result of a merger between several mills in Hamilton and Montréal and smaller ones between Gananoque and Brantford. William McMaster and Max Aitken, key industrialists at the time, worked together to create The Steel Company of Canada. Stelco survived the depression of the early 1920s and the Great Depression of the 1930s. It played a significant role in World War Ill as it re-engineered its facilities to meet the demands of the war. Interestingly, Stelco maintained pre-war prices during the war. Fast forward a few decades, Stelco suffered two setbacks. In 2004, it filed for bankruptcy protection as the company faced a "serious viability issue": costs were too high and it was unable to compete with other steel manufacturers.45 In 2014 Stelco again faced bankruptcy, emerging three years later when it was sold to U.S.-based Bedrock Industries. In a surprising move, the CEO of Stelco decided during the 2020 COVID-19 pandemic to invest $110 million to make Stelco more efficient. CEO Alan Kestenbaum comments, "You have to have the audacity to spend money at a time like this. "46 Meanwhile, other steel companies such as ArcelorMittal S.A., U.S. Steel, and Kobe Steel were reducing spending. It is too early to tell if Kestenbaum's gamble will pay off, but it is a bold strategy to go larger when others are going smaller.
Match the four stages to Stelco's history. Entrepreneurial Stage Collectivity Stage Creativity Provision of clear direction Crisis: Need for leadership Formalization Stage Addition of internal systems Crisis: Need for delegation with control Ellaboration Stage Development of teamwork Crisis: Need for revitalization Crisis: Need to deal with too much red tape Streamlining. small-company thinking Continued maturity Decline
Transcribed Image Text:Match the four stages to Stelco's history. Entrepreneurial Stage Collectivity Stage Creativity Provision of clear direction Crisis: Need for leadership Formalization Stage Addition of internal systems Crisis: Need for delegation with control Ellaboration Stage Development of teamwork Crisis: Need for revitalization Crisis: Need to deal with too much red tape Streamlining. small-company thinking Continued maturity Decline
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS