The Management Strategies of Hanna & Anderson Corporation

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The Management Strategies of Hanna & Anderson Corporation
1. How Hanna Andersson Applied Values-Based Leadership regarding the Organization’s Choices Related to P-O-L-C
To achieve its mission, Hanna Anderson’s leadership led by Gun applied the principles of management to ensure that the company operates within its initial objective. For instance, Gun demonstrated good leadership by ensuring that the employees of the company were motivated to work by giving out benefits to them and their family members. A workforce that is motivated is essential because all the people involved working together towards the set goal. Also, the leadership of the company planned for major actions that would help them to attain their objectives. For instance, the decision to provide a 20% voucher for any used cloth returned for recycling encouraged return customers which increased sales.
2. How Iosca, Petersen, and Stone Facilitated Change within the Company, and Whether They Remained Consistent With the Values of the Founders
Iosca, Petersen, and Stone played an important role in retaining relevance of the company at a time of recession. Amidst stiff competition and the emergence of online shopping, Iosca and Petersen sought to expand the operations of the company as well as develop an online shopping website for the company. On the other hand, when Stone took over as C.E.O of the company, he established a wholesale business that boosted annual sales and elevated to the company to a higher rank.

The strategies employed by these leaders were in tandem with the core mandate for which the company was founded because more Americans were now able to access the company’s quality products, and the company increased its profit margin.
3. The Reasons for Organizational Change Within Hanna Andersson, Both Internally and Externally
Since the company was facing imminent collapse, the change was needed to challenge the status quo and give room for growth opportunities. This is because all leaders differ in their management styles. The policies employed by one leader could work better than the current strategies being used. For example, Stone’s approach of operational expansion through wholesale was that of involvement of employees. They felt part of the decision-making process, and this motivated them in their work.
4. The Unique Challenges Family-owned and -operated Businesses Face
Most family businesses fail because the pressure to succeed is always high. The founders of the family may have established a successful enterprise. However, due to growing competition, the generation taking over the business may be reluctant to initiate any changes due to the fear of being blamed in case the business collapses. To solve this problem, most business owners choose to employ management professionals to run the enterprise. This is exactly what Gun did when she retired as CEO of the company.
5. How the Mission of Hanna Anderson Evolved Over Time
At first, the company started small – with a vision of supplying quality Swedish children’s clothing to the Americans. After some time, the company started recycling and then expanded its retail business across the country. Finally, Hanna Anderson initiated the online shopping and retail business. All these transitions were geared towards expanding the company’s market share in a highly competitive environment.