Synopsis
As Mr. Dees left the office of his lawyer, he reflected on the past twenty-five years and he realized that he definitely had several major achievements in his education in addition to his profession. Moreover, he discovered that he had some blind and unidentified issues in addition to weakness that had generally cost him a lot. Mr. Dees married a woman in a junior year at the same university where he studied.
For a period of about seven years, Mr. Dees easily ascended the corporate hierarchy coupled with providing for his family and establishing security by piling up assets as well as saving both for retirement and educational expenditures for his children. During this time, there was typical existence and professional development for Mr. Dees. Following seven years of their marriage and his wife being fed up with his frequent relocations, she left with the kids and returned to California.
Mr. Dees was so overwhelmed with grief that he just offered her the whole lot together with his retirement, which pushed Mr. Dees into thinking about the possibility of developing more self-awareness. His present circumstances definitely made him more conscious of the necessity of evaluating his mental intellect.
After his psychological self-evaluation, he quit his job. The experiences and achievements of Mr. Dees at global trade were crucial aspects, which attracted three corporations. He chose to work at a corporation possessed by Mitsubishi and shift to Nebraska in the quest to begin afresh.
After about one year, Mr. Dees decided to establish a company due to boredom. He thereby started a partnership with a neighboring entrepreneur. After a while, Mr. Dees realized that his colleague and his colleague’s wife had misappropriated what had been assigned to them as they had peculated huge sums of money from the business. Mr. Dees had not just lost it all but had also to tolerate four years working in three jobs in a bid to finish paying the business’ debt. He relocated to Iowa to work at a local grain firm.
The firm had lost nearly two million dollars the preceding year. He had to spend almost a year studying the surroundings and making the required modifications, which comprised having to sack 25 individuals. At the close of the sixth month in the firm, the firm was boasting of a profit of 3 million dollars.
During his second year in the firm, the locals insisted that the firm should not renew his contract terming him as a horrible foreigner who sacked everyone. Unluckily, the firm did exactly as the locals wished. Mr. Dees was now compelled to accept a bid to work at the Iowa state regional cooperative.
However, the cooperative was obliged to sell and turn into a branch of Cargill, a leading grain corporation in the world. Mr. Dees was once more looking for a job. At the persistence of Mr. Stevens, he was made the Vice President of Central & Pacific Railroad, which is based in Chicago.
All continued to be favorable until the third year when the General Electric Credit Corporation (GECC) applied its authority to sell the company and for yet another time Mr. Dees was jobless. He relocated to Indiana and began marketing grains and even though the business did well, it was very demanding and stressful, hence Mr. Dees had to leave it.
After meeting his high school darling, Mr. Dees married her and both had eight kids with six of them in college. He went back to his abhorrent insurance environment and through establishing a culture that centers on constant individual and professional development; Mr. Dees gave his family and workers the reward of wisdom that they will recurrently apply throughout their lives.
Situational analysis
Strengths
Mr. Dees is definitely a hard-working individual. One thing to illustrate this aspect is his working hard and managing to get an undergraduate degree within a period of three and a half years at an average of twenty units in every quarter as well as toiling for approximately fifty-two hours in every week. Additionally, Mr. Dees obtained his postgraduate degree in international trade the following year when studying colloquial Japanese.
Were it not for his hard work, these achievements would not have been possible. Furthermore, his education was the key to the great success in life (Yuece, 2012). For a period of about seven years, Mr. Dees became extremely victorious, providing for his family in addition to establishing enough security through piling up assets and preserving for retirement as well as for his children’s education fees.
Through his hard work, Mr. Dees managed to realize a classic existence and professional development. While evaluating his situation, Mr. Dees underscored the importance of hard work, being faithful to bosses, taking care of the family, residing within one’s income, and saving.
Mr. Dees definitely had these aspects. On the same note, Mr. Dees noted that the youth of his cohort lived in order to work whereas the youth nowadays appear to work in order to live. With the aim of nurturing his success, Mr. Dees thought of becoming more self-conscious.
When Mr. Dees relocated to Iowa to work at a grains store, the business at that time had made a loss of approximately two million dollars. Monetarily, the business was sinking at a high rate and even if Mr. Dees was hired as a merchant, the manager would highly depend on him to coordinate the restructuring of the business with the aim of making it succeed.
In the application of his mastery, he spent almost a year studying the surroundings and making the required adjustments. Surprisingly, at the close of the sixth month, he was able to take up the performance of the business to a profit of three million dollars. This achievement evidently reflected the expertise of Mr. Dees and to confirm this assertion, three years after Mr. Dees left the business; only the department that he was supervising was making a profit.
Mr. Dees had succeeded in mentoring the workers and bettering the knowledge of everybody through teaching them successful operation review methods. Furthermore, when Mr. Dees finally went back to the insurance business, he managed to set up a culture that concentrated on constant general development. This culture offered his family and workers a treasure of a lifetime.
Weaknesses
Despite continued success, some of the managerial attributes that ought to be in a successful manager were lacking in Mr. Dees. For instance, Mr. Dees was unorganized or uncoordinated. Mr. Dees employed the open arrangement representation’s managerial attributes to transform in accordance with his surroundings like execution and sustenance of transformation and effective application of power. Furthermore, Mr. Dees demonstrated the qualities of a giver’ for instance, when his wife left him, he chose to give everything to her.
Additionally, when Mr. Dees relocated to Indiana and started a grain business, he found that it was demanding in terms of time and thus opted for its closure instead of finding an amicable solution. This haste in making decisions cost Mr. Dees a lot of time and resources. Another incidence of his flaws is evident in his constant and at times unwarranted shifting of residence as well as jobs, which made him to remain unsettled for a greater part of his life.
Moreover, when Mr. Dees lost his first family, he never bothered to prevent it; on the contrary, he chose to give up all he had. Later, when Mr. Dees met his high school lover, he decided to marry her hurriedly and this move brought him the hardship of educating even her children. Some of the things that led to his suffering were preventable by wise decision making, which at times Mr. Dees failed to do.
Opportunities
The experiences of Mr. Dees and achievement at international trade led to his great opportunities in finding jobs. Moreover, numerous corporations competed to hire him to a point of even making an offer that stood for five years before Mr. Dees could take it.
Despites his becoming jobless for a number of times, Mr. Dees never stayed for a long time without finding other job opportunities knocking at his door. At one time when he was working for a firm possessed by Mitsubishi, he managed to start a partnership business at the same time. In addition, even starting another family after his first wife left him was an opportunity of a lifetime.
Threats
After being together for seven years, Mr. Dees’ wife left with the children, which devastated Mr. Dees so much that he was not able to get a lawyer and instead left all he had to her. This move threatened to ruin his life and the wealth he had worked so hard to safeguard.
Following his need for psychological self-evaluation, Mr. Dees left his job. Additionally, when Mr. Dees was working for a grains company, his rent lease was revoked and no one in the town could allow him rent a house or even a barn because he had sacked many people in the company. Left with no option, he at last had to travel to and from a town that was 20 miles from the company for accommodation. The bad rapport with the community threatened his stay at the company as they even pushed for the nonrenewal of his contract.
Following boredom, Mr. Dees decided to form a partnership with an entrepreneur. The cause of failure is illustrated in his leaving the entire running of the partnership business to his colleague with his constant absenteeism. To his disadvantage, Mr. Dees assigned every managerial, functional, and accounting operation to his colleague.
The partnership business was certainly doing well from its initial day. The wife of Mr. Dees’ partner worked as the bookkeeper to the company with auditing by a neighboring Certified Public Account (CPA) firm appearing to be all right. Mr. Dees failed to carry out a diligence assessment of the business until he started hearing rumors concerning their partnership business.
After the assessment, it was shocking to Mr. Dees to find that his colleague together with his colleague’s wife had exploited the partnership business by misappropriating huge amounts of money. Shortly later, the business collapsed leaving debts that took Mr. Dees four years to settle. Were it not for his lack of commitment and early assessment of the business, Mr. Dees would not have been taken advantage of to that extent.
Issues and solutions
Losing his family
Owing to Mr. Dees constant shifting of jobs, his wife left him and due to devastation, he lost all he had as well as his retirement savings. These occurrences heralded the failure of Mr. Dees. As expected of a leader, Mr. Dees failed to take accountability of his deeds. In this doing, he did not prevent losing his family.
Mr. Dees could have taken the responsibility of job shifting and thus convince his wife by explaining to her the essence of his behavior. In this doing, Mr. Dees could have prevented the loss of his family as well as his wealth. As expected of a leader, he ought to have made suitable and timely resolutions by employing excellent problem solving and judgment making progressions (Quinn et al., 2011).
Failure of the partnership business
When he started a partnership with an entrepreneur, Mr. Dees left the entire running of the partnership business to his colleague with his constant absenteeism. As a leader, Mr. Dees would have sought for ways to guide the partnership to greater heights instead of assigning every managerial, functional, and accounting operation to his colleague.
When failure was at hand, Mr. Dees blamed his partner for it, which is not expected of a leader (Zott, & Amit, 2010). However, in exercising his leadership concept, Mr. Dees evaluated the circumstances, took remedial measure, and progressed to the next challenge of clearing the debt and working in three jobs at ago.
Failure of grain business
When Mr. Dees relocated to Indiana to begin a grain business, he found that it was demanding with regard to time and thus decided of its closure instead of finding a way out. Instead of closing it, Mr. Dees would have hired people and just act at the managerial position. This way, he would have assisted the employees to comprehend the way to contribute in realizing key business goals (Upadhyay, 2012). The haste in arriving at judgments had cost Mr. Dees greatly as he was unsettled for a great part of his life.
Conclusion
When Mr. Dees’ wife left him, his success was greatly threatened, and out of the ensuing devastation, he left all his wealth to her. Mr. Dees is absolutely a hard-working individual and one instance that illustrates this aspect is his working hard and succeeding to obtain an undergraduate degree in a period of three and a half years as well as toiling for roughly fifty-two hours each week.
Furthermore, Mr. Dees obtained his postgraduate degree in international trade the following year. In spite of his continued accomplishments, some of the managerial traits that ought to be in an unbeaten manager were lacking in Mr. Dees.
For instance, when he shifted to Indiana to begin a grain business, he found that it was demanding in terms of time and thus settled on its closure instead of finding a way to make it thrive for long. The experiences of Mr. Dees and success at international trade caused his great opportunities in finding jobs. Many corporations competed to have him to a point of even holding an offer that stood for five years prior to Mr. Dees taking it.
Reference List
Quinn, R., Faerman, S., Thompson, M., McGrath, M., & St.Clair, L. (2011). Becoming a master manager: A competing values approach (5th ed.). New York, NY: John Wiley & Sons, Inc.
Upadhyay, A. (2012). Sustainability: Overview and Concepts. International Journal of Innovations in Business, 1(4), 268-273.
Yuece, I. (2012). SWOT Analysis of McDonald’s and Derivation of Appropriate Strategies. Munich: GRIN Verlag.
Zott, C., & Amit, R. (2010). Business model innovation: Creating value in times of change. Universal Business Review, 23(1), 108-121.