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Essay

Vivendi: Revitalizing a French Conglomerate

Essay specific features

 

Issue:

Business

 

Written by:

Donald F

 

Date added:

March 27, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 510

 

Was viewed:

6606 times

 

Rating of current essay:

 
Essay content:

His management style was based on trust, delegating a lot of power to the individual managers. I believe this system would have worked for a relatively small company/institution, but as soon as the conglomerate grew and everything turned out to be too complex, this type of communication became ineffective...
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During his presidency, the company's revenues increased from 15 billion Frf. in 1976 to a staggering 166 billion Frf. in the early 1990's. However, his strategies worked as long as the economy was doing well. Once the economy entered the recession phase of the cycle, problems became visible. All these, among a corruption scandal and a cash crisis converged into a low value for the company's stock...
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