Plain Software Plan, Inc.: Pursuing the vision

• Main Author: Altura, Manuel
• Format: text
• Language: English
• Published: Animo Repository 1998
• Subjects: Business Administration, Management, and Operations
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/2072
• Institution: De La Salle University

Plain Software Plan, Inc. held its annual stockholder meeting on Mid 1998 at a Makati Hotel. The stockholders were composed of some company employees and executive officers with one external shareholder who also occupies a seat in the board. The President and Chairman of the Board announced that PSPI suffered its first loss in 6 years as reflected in the audited financial report of Dec. 31, 1997. The projections for 1998 was also another loss. Based on the President's report, the loss was brought about by runaway cost to a big and key project that the company was in to deep. It will not do well for the company to cut losses at this stage as the project is about to be completed. This was further aggravated by the currency situation and thus the reason for a projection of another loss in 1998. The project is expected to end in December of 1998. Because of this the company's retained earnings was drained to just Php 113, 000. With the possibility of another year in a continued economic crunch, currency turmoil, postpones projects and heightened competition, the company is facing a bleak scenario and has no resource but to reassess its operation, policies, programs, strategies and goals to be able to turn things around and avert yet another disaster year for the sake of its stakeholders and the company as an entity. The paper wishes to conduct a thorough and objective analysis of the company and identity areas and that needs to be geared up to effect a turn around by 1999. The paper will also reassess current situations and the company vision and try to revise it to make it more applicable and easier to comprehend. Finally the paper will develop a 5 year blueprint that shall contain strategic pursuits both for the corporate and for the operating units. The paper will not go into the finer detail of designing the programs for the day to day operation to reflect the operating unit strategic pursuit. In summary the reasons for undergoing a strategic change at this stage in its corporate life are performance gap and external interventions.