NORLAND: THE 500-50-25 AMBITION NorLand was a construction company based in British Columbia, Canada, with operations in Alberta, British Columbia, Quebec, and the United States. While believing that NorLand could eventually become a $1 billion company, Reynolds and his senior leadership team had recently set intermediate goals: to achieve $500 million in revenues and $50 in net operating income (NOI) by 2025. This became known as the 500-50-25 plan. The question for Reynolds was how to implement that plan and continue NorLand's pace of growth while maintaining and nurturing the company's agile nature. Although NorLand had made impressive progress toward that objective, challenges were arising within the company regarding the operating model, the organizational structure, and the communication and collaboration among the various business units. Further, the nature of the work lent itself to teams operating independently rather than being inclined to report to or take direction from a parent corporation. With these challenges ahead, the leadership team at NorLand set to work to make the company's vision a reality. NorLand had become successful by identifying, acquiring, and integrating businesses that could continue to operate independently while contributing to NorLand's revenue and NOI goal. However, as NorLand grew and acquired larger businesses, its leadership had recognized that certain practices were unsustainable in the long run and might hinder its progress. With a view toward the future, Reynolds, Radcliffe, and the rest of the NorLand leadership were wondering how they could become a more cohesive organization and continue growing at the current pace. What would NorLand need to do with respect to its organizational structure, controls, and rewards to meet its goals by 2025?

Based on above case study,

1. Identify the problem statements for Norland in achieving their 500-50-25 plan.

2. Provide possible solutions to address the identified problems at Norland

3. Provide detailed immediate, short-term, mid-term and long-term action plan to be implemented to achieve Norland's 500-50--25 plan.