Industrial Equipment INC. Table of Contents Problem Identification 1 Internal Analysis 2 Strengths 2 Weaknesses 3 External Analysis 3 Opportunities 3 Threats 4 Alternative Strategies 5 Strategy 1 5 Strategy 2 5 Strategy 3 6 Recommended Strategy 7 Implementation Plan 8 Appendix A: Gantt Chart 10 Problem Identification Industrial Equipment INC. sold and serviced a variety of industrial equipment and related products to hospitals, nursing homes, hotels, motels and various other organizations in the four Atlantic Canadian provinces of New Brunswick, Nova Scotia, PEI and Newfoundland/Labrador. In addition to distributing a broad line of specialized equipment IE provided design, specification and planning assistance to architects, …show more content…
The business has been profitable and has been able to gain a large market share because of those strengths. External Analysis Opportunities Based on industry forecasts there might be a trend to use more equipment and automation to substitute for hard to find labour. In addition to this increase in importance to noise reduction and energy conservation might mean upgrading of already existing equipment. Expansion into the food service sector was another opportunity that Jim could try penetrating. This would help the business grow and diversify. The sales of the better performing sector can average out the sales from the poor performing sector. Threats The main threat faced by IE is the strong competition faced by other industrial equipment businesses. The most direct competitor of the IE was Hines Equipment. They both represented the leading industrial equipment manufacturer; offered their products and services in the same region and viewed service as a key aspect of their business. Sam Reid a former employ of Hines had developed a substantial market share in Newfoundland. This meant that a great percentage will served by him. Quebec equipment sold many of the same lines as IE and Hines and would occasionally price large orders very aggressively. It could do this as it viewed Atlantic Canada as incremental business. They also faced occasional Equipment distributors and other smaller firms over certain product categories Another threat for the business is that
a) What does Commercial Fixtures do? What is their competitive position in the market place?
The largest floor covering product is carpet and rugs followed by ceramic tile, vinyl, hardwood, stone, laminate and rubber floorings.
Stable cash flows with estimated total revenues increasing from 559.9 million in 1978 to 937.8 million in 1984 (Note also its strong intellectual property as shown by its
Excellent equity position: $820 Million cash on books so they are well positioned for growth.
There are many other growth opportunities that Parkland may pursue in the future. He may wish to grow the Sandwich Heaven segment of the business, growing the corporate connections of the company, and expanding into other physical locations in the
Victoria Heavy Equipment’s most recent organization has been lacking effective communication practices amongst all of its divisions. The company has been suffering from lack of clear goals in measurable terms, for its divisions. The idea of each division functioning as an independent unit, whether it being cost or profit center, is a remarkable beginning. However, clear goals and key measurable need to be set for each center, which in our case have been overlooked. As a result, many of these centers have over spent, resulting in over expenditures, something we can definitely not afford with anticipated slower market.
•Profitable: one of the key criterions for selecting the above competitive advantages is that the company can introduce them profitably.
Q1. Based on the 2004 statement of profit and loss data (Exhibits 1 and 2), do you agree with Water’s decision to keep product 103?
The following analysis is written for Dakota Office Products to evaluate current business operations and recommend future actions necessary to ensure company success. In our analysis of the company we will identify inefficient business practices that have led to the companies first profit loss in its history. We will evaluate the company’s current pricing structure, ordering methods, shipping and delivery process, and deficiencies in cash flows.
Tiger Tools company, a subsidiary of the Drillmore Industries, was about to launch a new product. In this regard, the Production Manager asked her assistant Jim Peterson to evaluate the capability of the existing equipment used in the process. He proceeded to obtain eighteen random samples and the results of these samples were put in a table. His subsequent conclusion after analyzing the data would be that the process was not capable. This was on the basis of the width specification of 1.44 cm.
LongXi is geared to increase its market share for small multi-cylinder diesel engines but the growing quality concern over production of critical parts is jeopardizing LongXi’s growth in the agricultural sector market.
Accountability, what is accountability and what does it mean? The definition found on the website dictionary.com states: 1. The state of being accountable, liable, or answerable. / 2. Education. A policy of holding schools and teachers accountable for student’s academic progress by linking progress with funding for salaries, maintenance, etc. Now you may ask yourself “What kind of fucking vague ass definition is this?” at least I did when I read it. Let me transmute this into something worth reading. A real Army definition would go a little more along the lines of: The obligation imposed by law or lawful order or regulation on another person (commissioned officer,
I don’t think Jim divest his current products but he can move into the new technology.
Industrial psychology is concerned with people at work. It is also called personnel psychology. A closely related field is known as organizational psychology. Traditionally, industrial psychologists have assessed differences among individual workers and have evaluated individual jobs. Organizational psychologists generally seek to understand how workers function in an organization, and how the organization functions in society.