Assignment for the first date over the text Electrolux from the exploring corporate strategy book Third of september, 2010 Question1 : Refer to section 1.2.1 and explain why the issues facting Electrolux were strategic. Try to find examples of all of the items cited in that section. First of all, strategic decisions are long-term decisions and so they will not bring results in a few months or faster and therefore you will not know if they will bring success to your company. So Electrolux made some decisions that will show their results in the future. They decided to move a production facility from Greenville in the US to Juarez in Mexico. Through this step Electrolux will try to cut the costs at a remarkable rate. The decision to …show more content…
The human resource programs seem to be fitting and personnel is the most important thing. You can have the best machines, but if nobody knows how to operate them you still have nothing. The stakeholder expectations are very important. As I know from having shares of different companies for myself, I first of all want a good dividend. And if a company will have to tell me that they cannot pay me a good dividend, I want to see why and what is done to improve the situation. In the text you can see that Electrolux is removing a plant from the US to Mexico what will help to save costs but will also be expensive at the moment of the decision because of building a new plant and moving from Greenville to Juarez. The most important factors for me are the staff, the staff and the staff. When I have great knowledge inside my company I will have to problems to cope with different situations and this will help to be a good competitor on the market and as a result of that I will have enough money to invest and pay good wages. Good wages will help to keep my staff and improve the knowledge. This will secure the future for my company. Question 4: Think about strategic choices for the company in relation to the issues raised in section 1.3.2. The strategic choice of buying other companies like Zanussi, Poulan/Weed Eater and AEG Hausgeräte is a very important fact to ensure the future competitiveness. The knowledge of these
6. Once completing your analysis, what is the opportunity represented by addressing the problem? What is the cost of poor quality? What is the impact on customer satisfaction, retention, and loyalty? How could this help increase revenues? How could this help increase our capacity? How could this improve our ability to improve our process controls?
10. What recommendations would you make to Jim Sinegal regarding the actions that Costco management needs to take to sustain the company’s growth and improve its financial performance?
The current strategy of the company is to enter foreign markets and to succeed there. The corporate main strategy is to provide high quality product to its customers.
1. From a strategic management standpoint, why do you think that corporate management at Alcoa delayed taking action for five years as the plant continued to lose money and deteriorate in other operational measures?
5. Should the company seriously consider any other options besides doing a spin-off or issuing targeted stock?
20 5. Corporate-level strategy 25 6. How is the effectiveness of the company’s strategies? (ROIC) 26 7. What strategic problems does the company have?
After Rayovac company’s successful long term course of rejuvenating its battery business for the purpose of spurring sales growth locally, a newly branded Rayovac brand supported by broad battery lineup via technological innovations, improved packaging, expanded distribution network, refined supply and purchase chain, slash in production cost and an increased plant capacity created Rayovac into a result oriented enterprise.(attachment C) Rayovac Company CEO, Jones with new entrepreneurial culture insights into the company performance, embanked into globalization of the battery business in 1999.
a. What should the management of Sports Products Inc. pursue as its overriding goal? Why?
1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings?
a. The module focuses on the company’s/division’s business level strategies and global strategies. You will need to answer the following questions.
1. What appeared to be New Century’s strategic objectives? Describe and evaluate the business model the company had adopted to achieve these objectives.
3. What are the biggest risks faced by the firm in the next 5-10 years?
Within this new business environment that GE was facing, customers needs, wants and expectations of what products can offer them is forever changing. Immelt saw and understood this from the amount of time spent with customers, and implemented this idea within GE through the IT
These minor details are what set Electrolux apart from the competition. The company’s ability to function as a team allowed them to gain different perspectives and create in a shorter time period than the rest. The case study proves that when it comes to the consumers, they do not care about price as much as they do effectiveness. If the product gives the consumer exactly what they need and want, they are more than willing to pay the price. A company’s success depends solely on each department’s ability to function as one and without teamwork this task is impossible.
2. Do you think that inadequate strategic planning was a factor that resulted in the company’s asking for trade protection?