Summary Current circumstances have led us to reconsider the governance of our company. To solve some problems such as spread of our activities, incompetent management, improper structure and high attrition rate, have been addressed here. The strategic options evaluated are disinvestment from some activities, restructuring management by giving generalized top management or using specialized management. Options are evaluated based on cash position, future projection, preservation of reputation and efficient functioning of management. Based on these, I recommend disinvesting from irrelevant and non-performing assets. This will ensure the smooth functioning of the company and sustained profitability. [Word Count: 102] Situation Analysis The current situation of the company shows that the ideas of the late Mr. McFettridge are not being implemented properly. Miller Tool Company may have become a favorite investment venue for financial institutions, but the reality is very different. The company will have to resolve a number of issues in the near future. The company has diversified to the point that it has lost its core competency. Furthermore, the acquired assets are of an immaterial nature. The tools business needs a "Business to Business" type of marketing. However, some companies are "Business to Consumer" (e.g., bakery business, dry cleaning chain stores) and "Business to Government" (e.g., companies engaged in defense research). So, the lack of business integration is one of the key issues we face. The company has a clear lack of vision. This is because after the loss of Mr. McFettridge, the vision and plans he had are no longer known to anyone. This highlights the lack of structured top management. Furthermore, the top management has many young employees who are used to doing office work. Their decision-making skills are not developed due to inadequate mentoring. Work processes are more individual-driven than system-driven. We are facing a human resources crisis on both our fronts: the engineers and designers, that is, the executive-level staff, as well as the leaders who can efficiently run the company. Misuse of good talent has led to a high attrition rate. The management of the company is not structured. Also of concern are liquidity and the contribution of various companies to profits. We are in serious need of liquidity for technological advancement in our tool industry. The only way we can compete in the market is on the basis of technology. Inefficient manufacturing techniques lead to much higher production costs.