Dow chemical substance corp
With annual sales of more than $20 billion, Dow Chemical provides more than 2,400 product families and services. Such unified success butt end only mean that Dow Chemical has developed a corporate structure and strategy that has helped them succeed. Why else would they be the fifth largest chemical company in the world? In the past five-spot years, Dow Chemical has been forced to make many decisions regarding their goods and services.
Dow CEO, William Stavropoulos, asserts that these are changes that moldiness be made. He states that: Because of globalization, technology, and deregulation, if youre not world competitive in everything you do, youre going to lose in the long term. The changes Dow Chemical Corporation has made in recent years are definitive to the success of their corporation. However, it is also the structure and decision- qualification style of the companys leaders that testament determines how successful the changes leave be. Lets examine some of those decision- do styles, as considerably as their relationship to the corporate structure of Dow Chemical Corporation.
For the about serving, Dow Chemical Corporations function within a collective-participative decision making style where people are educated and informed and consequently allowed to make decisions with regard for the companys values and goals. This style of decision making deliberately asks and encourages others to participate in the decision making process.
William Stavropoulos explains part of Dows strategy: Our whole thought process was that the more teaching people have, the better the decisions that people will be capable to make - and they will be able to make them on the spot...speed is critical in a globalized world.Furthermore, Dow Chemical Corporation asserts that they will seek input and promote partnerships between industry, government, non-government organizations, communities and other observe stakeholders to focus on responsible solutions to common...
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