White Goods Case

After having a very successful performance and getting second place on the first Littlefield simulation game we knew what we needed to do to win the second simulation game. We were very eager to outperform our competition and we almost did so, but ended up in second place again with a cash balance of $2,660,393.

Eastern Europe supplies products to over 6 million customers in 20 countries. Let’s analyse the potential of this highly

Haier (“the Company”) was China’s biggest white-goods producer and supplier in 1990s. In 1984, there was nearly 300 local producers in China market, most of which were producing poor quality goods. However, customers were willing to pay more for higher-quality products and reliable service. This need created an advantage for differentiation.

Europe has gotten use to this luxury even though the type of trade they are involved in is not

The most dominant problem addressed in the case that Haier is facing is that it lacks of brand popularity in the global market, comparing to its direct competitors such as Whirlpool, GE appliances, and Electrolux. Even though Haier made its effort to amplify its brand image and popularity globally by making a bid to acquire Maytag Corporation yet did not succeed, it is still difficult for Haier to enter the high-end segment of the US white goods market. According to statistics from Euromonitor, Haier’s 2013 market shares in consumer appliances segment in the North American and Western European markets were 0.9% and 0.5% respectively, which are significantly lower than Whirlpool’s, one of Haier’s major competitors in the U.S. and Europe,

In the Dealey plaza, on Friday, November 22, 1963, Kennedy had been shot in the head by a sniper, named Lee Harvey Oswald, while he had been traveling with his wife for unknown reasons, all the while he was with the Texas Governor Jacqueline, John Connally, and Connelly's wife, Nellie, in a presidential motorcade. A ten-month investigation from November 1963 to September 1964 by the Warren Commission concluded that Oswald acted alone in shooting Kennedy for unknown reasons, while Jack Ruby also acted alone in what would be believed was a pursuit of vengeance when he killed Oswald before he could stand trial. The Dallas Trade Mart had been preliminary selected for the formal usually midday meal appointment that secretary Kenneth O'Donnell. It was selected that the final destination of the Trade Mart would be the end of the motorcade journey, leaving from Dallas' Love Field; 45 minutes had been allotted for the motorcade to reach the Dallas Trade Mart at a planned arrival time of 12:15 p.m. The actual route was chosen to be a meandering 10-mile (16-km) route from Love Field to the Trade Mart, which could be driven slowly in the allotted time.

Threats - heavy competition in the industry, foreign manufacturers dumping products in the U.S., environmental compliance costs

This course reviews the organization for international marketing, foreign demand analysis, product development and policies, trade channels, promotion policies, pricing, and legal aspects. Emphasis is on development of effective international marketing strategy addressing the major global market areas (Europe, Africa, Asia, and the Americas).

A SWOT analysis assesses the company’s strengths, weaknesses, opportunities and threats to provide competitive observation into the potential and basic issues that affect the overall success of a company. Furthermore, the essential objective of a SWOT analysis is to analyze and designate every important aspect that could positively or negatively affect the success to one of the four classifications that provides an extensive examination of the company. If properly utilized, the tool can be used to develop business strategies, identify improvement opportunities, and position the company so that is can have a competitive advantage. Strengths are positive internal attributes that are within the company’s control. It is used to help identify what the company’s current status is and how successful can be if it maintain the status. Weakness is another category that is analyzed internally and externally, by analyzing internally, management goal is to identify areas that can be improved. Through this tool, it will identify what is preventing the company from achieving competitive advantage, could it be limited resources, poor physical location, limited expertise or old or limited skills and technology systems? Opportunity identifies areas within the organization that can be expanded, it

As we look at our SWOT analysis to follow, we are in a sustainable overall position, we have strengths to balance our weaknesses, and particularly our knowledge of where we are heading for and what our customers need. We also have some attractive opportunities. However, we have a weakness in competiting against price-oriented competition from both local and international brand names.

This organization has adopted a cost leadership strategy whereby all of their products and services have a lower cost for purchasers in comparison to their competitors. To accomplish this, Amazon has utilized economies of scope, which involves having a wide variety of products available for customers to buy and reducing their profit margin so as to capture a greater market share, hence gain a competitive advantage over other e-retailers. They have provided high quality products and services for their customers as well as made their online selling platform very user friendly; allowing anyone to use their website quickly and efficiently. Strategic acquisitions have been a general strength for the organization as they

Competition is stiff within the industry. Domestically, the major competition is General Electric, Westinghouse, and Honeywell. Internationally, competition includes Siemens and Hitachi. Emerson’s future success requires beating not only the domestic competitors but also the large global Japanese and German manufacturers. Emerson must differentiate itself from the competition using its cost-reduction, quality improvement, and superior marketing and distribution channel strategies.

Competition: As time goes on firms drop out until no one is producing the product.

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.

With the effect of the Single European Act on 1st July 1987, the emergence of European Union (EU) as a common market has essentially been created. The benefits of this act are substantial to European firms, economies, and workers. It eliminates conflicting national regulations and trade barriers, as well as offering firms opportunity to sell their goods to all other EU members (Griffin & Pustay 2005).