Company Background Your company, Dravities Industries, is being sued for discrimination, after…

Company Background Your company, Dravities Industries, is being sued for discrimination, after audio of disparaging remarks made by a senior executive was leaked to the press. Your job is to proactively address these concerns (using course material from Chapters 5 and 15). Dravities Industries is a multinational conglomerate based in Norfolk, VA. It operates in a number of industries, but most heavily in building technologies, information systems, and infrastructure development. The company was founded in the early 20th century as a manufacturer of heavy equipment. Using mostly mergers and acquisitions, it grew in size and complexity until it gained a spot on the DOW Jones Industrial Average in 1979. Dravities Industries remained on the DOW Jones until 2001, when company performance declined following a series of poor investments. Dravities remains a global economic powerhouse but has a severely diminished capacity. Though it still draws hundreds of millions in profit every year, the company seems to lack a clear vision or the ability to make strategic moves in the evolving marketplace. The company has gone through three CEOs in the last eight years. None of them have been able to hit the three-year mark or affect any change in the company’s culture or performance. Productivity of work teams and individuals in the company appears stagnate and perhaps in decline. With no notable innovations in the last ten years, the company appears to be coasting on past successes. Overall, Dravities employs 87,000 workers across the globe with roughly a third of those being in the state of Virginia.
Prompt: (Address each 3 of these prompts using the Schema Theory)1. Identify how such issues come to be present in an organization such as Dravities.2. Explain how they may be detrimental to organizational goals such as productivity, innovation, employee retention, growth, etc.3. Propose a set of changes meant to address the problems. Your solutions should include both structural/design changes, as well as new management practices.