Hanson Manufacturing Company
In February 1955, Mr Herbert Wessling was appointed general manager by Mr Paul Hanson, president of the Hanson Manufacturing Company. Mr Wessling, age fifty-six, had wide executive experience in manufacturing products similar to those of the Hanson company. The appointment of Mr Wessling resulted from management problems arising from the death of Mr Richard Hanson, founder and, until his death in early 1954, president of the Hanson company. Mr Paul Hanson had only four years’ experience with the company, and in early 1955 was thirty-four years old. His father had hoped to train him over a ten-year period, but his untimely death had cut this seasoning period short. The younger Hanson became president when his father died and had exercised full control until he hired Mr Wessling.
KeywordsManufacture Company Price Problem Loss Statement Standard Cost Price Cutting
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