Unit 7 Lennar Corporation’s Joint Venture Investments Case Study Analysis



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Unit 7 Lennar Corporation’s Joint Venture Investments Case Study Analysis

Unit 7 Lennar Corporation’s Joint Venture Investments Case Study Analysis

Kaplan University

School of Business

MT460 Management Policy and Strategy

Author: <insert your name>

Professor: Dr. <professor’s name>

Date: <month> <date>, <year>

 

Lennar Corporation’s Joint Venture Investments

Company Name: Lennar Corporation’s Joint Venture Investments.

Topic of the Week: Management Policy and Strategy Unit.

Synopsis of the Situation

Lennar Corporation is a homebuilding company based in the U.S. The company also provides its customers with financial services as well as ancillary services involving buyers and sellers. To expand its business portfolio, the company engaged in joint ventures in 2008 with other homebuilding companies, financial partners, and landowners (Pearce & Robinson, 2016). In the same year, the company experienced a fall in its stock prices owing to poor performance of the U.S. housing sector. Further details emerged that the company was engaging in gross mismanagement practices involving top members of the organization. The company maintained huge off-balance-sheet debts and engaged in other fraudulent activities involving their joint venture partnerships.

The revelation that the company had engaged in several fraudulent activities resulted in a significant decline in the stock value of the company (Pearce & Robinson, 2016). The top executives at the company had managed to conceal the suspicious activities from various bodies such as the U.S. Securities and Exchanges Commission. This paper critically examines the problems facing Lennar Corporation and provides suitable solutions that the management can adopt. The paper also provides an analysis of the internal and external factors affecting the company.

Alternative Solutions

<Create at least three alternative solutions that are original and not from the case study itself.>

  1. Increase the affordability of homes. A part of Lennar Corporation’s problem stem from the financial crisis whereby buyers defaulted in home purchases.
  2. Application of fraud prevention and detection plans. Fraud prevention and detection plans such as use of independent auditors could have curtailed incidences of fraud in the organization.
  3. Lennar Corporations should develop a strong financial position. The company might achieve this by making stronger its cash and cash equivalents.

Selected Solution to the Problem

<Choose one of the Alternative Solutions that you created that will best fit and describe it.>

The selected solution to this problem is the implementation of fraud detection plans in the company. Fraudulent activities within Lennar Corporation are main contributors of the challenges that the company experienced. The fraud detection procedures implemented within the organization should be made possible to all the employees. The visibility of fraud detection strategies among employees acts as one of the greatest deterrents to fraudulent behavior in the organization. Fraud detection plans should work hand in hand with fraud prevention mechanisms in the organization. Fraud detection plans should receive continuous monitoring and improvements to ensure they are in line with technological advancements in the sector.

One of the approaches that Lennar Corporation may take to minimize incidences of fraud is to implement a strong internal audit department. An internal audit department may help ensure that there are effective measures that can minimize incidences of fraud involving employees and the top management (Biegelman, 2012). Internal investigations……………

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