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The Organization - Essay Example

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Summary
One of the key challenges of organizations in modern market is to secure their position in their industry; under the influence of globalization, competition in all industrial sectors has been increased; firms, which tend to continuously update their strategies in order to meet…
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The Organization
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The Organization

Download file to see previous pages... ??s profitability helped to the expansion of the organizational activities worldwide; currently, the firm’s sites operate in Britain, Ireland and Continental Europe. In 2009 the firm’s revenues were estimated to 447,661 (million pounds); in 2008 the revenues of the firm reached the 431, 062 (million pounds). The growth of the firm has led to its listing in ‘FTSE 250 and FTSE All Share indices’ (Stobard Group, Investors, Listing Information). A key point in the firm’s growth seems to be its acquisition by WA Developments International (in 2004); the firm’s new owners introduced important changes in the firm’s culture leading the organization to become one of the most powerful players in the British logistics industry.
Stobard Group is among the UK’s major competitors in the logistics industry; the firm was first established in 1970; today, the firm’s sites in Britain, Europe and Ireland are estimated to 40 (corporate website, 2010); through the decades, the firm’s structure has been changed being aligned with the increased organizational needs – the expansion of the firm’s sites within and outside Britain led to the need for changes in organizational size and structure; the organizational culture can be characterized as stable; interventions have been made aiming to increase the firm’s competitiveness in its industry.
The firm started as a family business – in 1960; in 1970 Eddie Stobart Limited was established under the control of Eddie and Edward Stobart; it was in 2004 that the firm’s ownership changed drastically; the firm was acquired by WA Developments International – a firm ‘owned by Andrew Tinkler and William Stobart’ (Stobart Group, History); up today the firm is under the control of A. Tinkler and W.Stobart who have introduced significant changes in organizational structure and culture – a fact that also positively affected the firm’s position in its industry.
As noted above, the firm was first established as a ...Download file to see next pagesRead More
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