Ponderosa Steak House under Asher Edelman

Abstract: A 10 page paper discussing conditions in the late 1980s. The company had been through some trying times, but senior management appeared to finally have a hand on the business as the decade of the 1980s entered its latter years. Senior management had little opportunity to see their short-term plans and long-range visions come to fruition, however, as corporate raider Asher Edelman accomplished a hostile takeover in 1987, just as changes implemented under the leadership of Thomas J. Russo were building momentum. Edelman had no food service experience yet proceeded to fire a third of the corporate staff. Poor management and a changing market threatened the company's survival. Bibliography lists 17 sources.

Filename: KSponder.wps

Pages: 10

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Catagory: Business Management & Management Theory

Subcatagory: Business - Management

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