Machine Tools Corporation Staff Analyses

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Gainesboro Machine Tools Corporation Staff Analyses Background Gainesboro Machine Tools Corporation (Gainesboro) originally operated as a machinery designer and manufacturer in the 1920s in Concord, New Hampshire. Throughout the rest of the 1900s, the company grew in size and services. It began producing equipment for war efforts and eventually industrial equipment parts. In the early 1980s, Gainesboro integrated CAD/CAM into its operations. It designed a software that manufactured metal parts through computer commands, eliminating the need for blueprints or human interference. While the company was initially an industry leader, the turn of the century showed negative industry changes and unfavorable financial trends. The company began to fall behind in software development and design-manufacture integration due to increasing competition. In turn, revenues fell 17% from a high of $911 million in 1998 to $757 million in 2004. To make up for lost profit, the company set aside more of its R&D budget to CAD/CAM research and restructured the company makeup by selling unprofitable lines, laying off staff, altering business strategies and approaches, and eliminating facilities. These changes ultimately led to the development of Artificial Workforce, an array of advanced control hardware, software, and applications that could distribute information throughout a plant. Currently, management believes that Gainesboro is reviving and demonstrates potential increases in market share,
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