The Success Of Stone Finch, Inc.

1775 Words Jan 31st, 2016 8 Pages
Leadership is about inspiring people to action and letting them figure out how to act upon it. In the Harvard Business School Brief Case “Stone Finch, Inc.: Young Division, Old Division,” president and CEO Jim Billings sought to inspire people to action in order to build upon the successes of Stone Finch, Inc. Unfortunately, Billings’ ambitions to inspire were too focused on innovation and the unknown, leaving the tried and true functions of the company to dwindle away. As a result, Stone Finch was left as a split organization where some employees feel alienated by the current company structure while others reap in the benefits of taking risks, leading to low employee morale and motivation. For Billings, a shift in organizational structure and focus is necessary to ensure the long-term success of Stone Finch. Jim Billings is described as an energetic and risk taking individual who was highly ambitious in embracing technologies and developments in the biochemical industry. Through acquisition, Billings became part of what is known as Stone Finch, where he headed the research and development arm known as the Solutions Division and later was selected to be the president and CEO of Stone Finch. From a financial perspective, Stone Finch had performed well under Billings where net profit grew by approximately 250 percent from $36.6 million in 2004 to $128.8 million in 2008; however, the qualitative perspective of Billings’ performance suggests that he has not performed…
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