MGMT Essay Example | Topics and Well Written Essays - 500 words - 2

MGMT - Essay Example The company has a large workforce with manufacturing facilities spread across the US and EU, including Prague and Hong Kong. With 3200 workers in the US alone, coupled with close to 5000 around the world, talent management had to be a major element of their recovery strategy. This paper presents an analysis of the Candlelight case. Talent retention, especially for managers and leaders, is quite crucial for the company since the talent pool in senior management positions is quite diverse. The new CEO came in with a new Sales SVP and a CMO to drive innovation. The R&D VP reporting to the new CMO was a creative professional, who did much to hold his subordinates accountable. The administrative VP, who has been with the company from inception, has been cited for slow decision-making and has overseen a poor rate of turnover. The slack in coming up with union strategies has led to slow downs and work stoppages. It actually seems that this individual is responsible for some of the company’s malaise since he appears to have limited knowledge on employment practices and international operations. Finally, the COO can also be held culpable for the talent mismanagement given his command and control style that has resulted in employees preferring not to work for him. However, given his expertise is probably an ingre dient in the company being able to stay afloat this long, his input is crucial. Candlelight Inc. has several things going to its advantage, even in these precarious times. Although the company has been grappling with internal problems for years, it has managed remained financially viable and has maintained a sizeable chunk of its market share. Additionally, its global presence has helped the company remain relevant in the international market. Its products are still credible, which has seen its market share remain satisfied,