essment #$2-$ Group Assignment $35$MContracts Creative Studios is a large, established corporation that has been in business for over $50$ years manufacturing consumer goods, such as arts and crafts and all things electronics. It sells its products globally and has an international reputation for quality and innovation.cently, Contracts Creative Studios Headquarters expanded significantly through various mergers and acquisitions. It now comprises of eight $(8)$ business divisions across $3$ continents. This rapid growth has made it challenging for management to maintain strong oversight of its operations and control of staff and operations. While financially successful, Contracts Creative Studios has developed some inefficiencies in its internal processes and compliance over the years. The entities have become global leaders in technology, yet the staff complain of poor communication from higher ups, who blames the outdated machineries assigned to employees. Its secretarial and administrative functions still follow outdated, cumbersome procedures in some areas. Creditors statements are printed late. Follow up reminders to creditors, for payments, are not done on time due to the electronic reminders have a series of glitches that jam or slow up the system. Consequently, payments are received late or not at all. Until the system is fixed, the entity has resorted to manual procedure. For example, credit requests are handled manually through paper forms and records. This makes processing, transfers, approval and replies to customers lengthier than it should be$.$ There have been a few compliance issues recently that have raised concerns with the board, such as creditors given longer payment periods than agreed. The senior management team at Contracts Creative Studios is traditional and risk averse. Decision$-$making tends to be top$-$down with divisional managers rarely consulted. This has impacted the company's agility and product development cycle. However, the Managing Director realizes that processes need to be updated to effectively compete in today's disruptive, technology$-$driven business environment that demands top of the line skills. The company was so busy making money, that without realizing, its brand, business processes and corporate responsibility were suffering. The Board seeks guidance from a corporate consulting firm to propose resolutions to the current situation. Some problems are the staff and customers complaints of late statements, late acknowledgement of payments. There is also staff and managers complaints of outdated companys inventory and rebranding. Tasks: In groups, your team has been hired as corporate consultants by Contracts Creative Studios to evaluate and improve, $3$ areas$/$problems$,$ highlighted above and thereafter, prepare a report for the Board as to the way forward.In your answers, provide $2$ approaches to each problem and show how the inputs and changes would affect the conglomerate positively.