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Background: AB Thorsten (Thorsten) is a wholly owned subsidiary of Roget S.A. that was acquired in 1972, and is incorporated in Sweden. Roget S.A. (Roget) is one of the largest chemical companies in Belgium. Roget is organized into three major product lines: Food Chemicals, Industrial Chemicals, and Textile Chemicals. An executive vice president heads each of the product lines. Thorsten is part of the Industrial Chemicals Division whose Executive Vice President is Michael Gillot. The Industrial Chemicals Division is divided into three operating entities: 1. Domestic and Export Operations – stationed in Belgium and responsible for profits from domestic operations and export sales to countries where there are no manufacturing subsidiaries (U.K. and Scandinavia). 2. United Kingdom – stationed in the U.K. and responsible for profits in the U.K. 3. AB Thorsten – stationed in Sweden and responsible for profits in Scandinavia. Pierre Lambert heads the Domestic and Export Operations. Ekstrom, Lambert, and the UK VP report to Mr. Gillot. The U.K. entity and Thorsten account for nine percent and five percent of the Industrial Chemicals Division’s sales respectively. Current Situation: Roget’s current growth strategy utilizes a decentralized profit center management control system that compensates managers well; compensation is based on division’s profitability. In addition, they support their strategy by developing specialty products for their customers. Roget motivates and retains key employees by promoting them from within the organization, more so than its competitors.
Approximate Word count = 924
Approximate Pages = 3.7
(250 words per page double spaced)
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