John Deere & Company Business Analysis

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Deere & Company is the world's largest manufacturer of agricultural equipment and a major U.S. producer of construction, forestry, and lawn and grounds care equipment since 1837 with its innovation and quality, operating excellence, and best-in-industry customer service. The company has factories throughout the world and distributes its products in more than 160 countries through independent retail dealers nearly 5,000 worldwide. It is also active in financial services, insurance which provides customer accessibility for loan and lease in a bundle processing with its main businesses. The first innovation was self-cleaning steel plow in 1837, which successfully spread out in U.S. due to the high engagement and demand in farming at that time. Since 1911, John Deere expand its business through several acquisition, such as Van Brunt Manufacturing Company of Horicon which produced the first working broadcast seeder and grain drill, and Deere & Mansur Works which had been established in 1877 by the company to make corn…show more content…
Allen, commented in 2015 that the company was facing the deepest downturn in the North American agricultural sector in 25 years. The profits fall 40% and will cut 220 workers in Moline as low equipment demand is expected to continue. With decreased demand for both agriculture and construction equipment impacting the company, John Deere saw massive decreases in both profit and sales in fiscal year 2015. It announced changes to its senior management team in response to the planned retirement of a member of the company's leadership team in 2016. This change affected human resources, labor relations, public affairs, communications, brand management, and security in the future. It also executed work force adjustment that approximately 120 production employees at John Deere Harvester Works in East Moline, Illinois, that they will be placed on indefinite
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