Running Head: ToolsCorp Corporation ToolsCorp Corporation AIU – MGT680 Abstract This paper will address penetrating the global marketplace and broaden the area of operations and sales for ToolsCorp Corporation. This paper will include the overall evaluation of this corporation and the long term strategic plan development. It will also include the corporation’s mission and vision statements. ToolsCorp Introduction ToolsCorp Corporation, a company out of Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. Currently these products are sold in retails such as Sears, Best Buy, and Wal-Mart. Their products are manufactured locally and have a promising business within the US and Canada. …show more content…
Our goals include providing the best warranty in order to provide our customers with more time for their own enjoyment. The worldwide expansion will benefit the security of the company and the well-being for employees and stakeholders. Our goals also include establishing the good standing for US Made products in the countries in which they operate (King, 2010). ToolsCorp’s ethical code depends on the reputation on the brand, moral state of its employees, job security, and fairness in all aspects of company’s actions. The company’s philosophy is to bring the best value for the product at a fair price to benefit customers, employees, and stakeholders. This company wants to improve the lives of every person that is involved with the company (Components, 2013). Defining the identity includes the businesses mission statement, philosophy, and how it wants to be seen by other companies and consumers. In order to find the information of a company to define it and create its mission statement, the information needed is already established by how the company does business. For example, a company who cares about the environment will recycle, use renewable energies, handle their waste properly, etc. The information provided about ToolsCorp is not actually enough information to provide the identity and mission statement. Strategic Objectives In 2012 the US
1) Prepare the manufacturing staff’s calculations for the three alternatives (please refer to the attachments):
Northrop Grumman manage and assess our business based on their performance under contracts and programs (typically two or more closely-related contracts). Sales from their portfolio of long-term contracts are primarily recognized using the cost-to-cost method of percentage of completion accounting, but in some cases the units-of-delivery method of percentage of completion accounting is utilized. As a result, sales tend to fluctuate in concert with costs incurred across our large portfolio of contracts. Due to Federal Acquisition Regulation (FAR) rules that govern our U.S Government business and related Cost Accounting Standards (CAS), most types of costs are allocable to U.S. Government contracts, and we do not focus on individual cost groupings (such as manufacturing, engineering and design labor costs, subcontractor costs, material costs, overhead costs and general and administrative costs), as much as we do on total contract cost, which is the key driver of our sales and operating income.
Please answer the questions following each of the cases or problems. The assigned questions should be answered thoroughly in your own words in essay format and submitted using the on-line testing system at www.agu.edu. The level of writing should reflect the graduate level and the content should reflect a solid understanding of the subject matter.
portfolio change if you assume a correlation between GE and GM of 0.80 or –0.80?
A down payment of $70,000 would be required, and a first year interest payment of $45,370 (Exhibit 9). It is expected that the two machines would run at 40% capacity bringing in incremental revenue of $613,225, and incremental operating income of $234,855. The cost breakdown structure and the incremental gains for the laser cutter and water cutter can be seen in Exhibit 10. The ROI at 40% capacity is 33.80% (Exhibit 5), which is well above the banks lending rate. The payback period at 40% capacity is the lowest of all options at 3 years (Exhibit 6). With a score of 30, this option scored the highest against the decision criteria (Exhibit 7). This is largely due strongest cash flow, highest ROI, and emphasis on maintaining a high quality product and excellent costumer service.
The identity of Able Corporation can be defined by having a good understanding of power tool companies and lawn equipment companies the whole power tools and lawn equipment industry. An important factor would be to check out our competitor's profile in the industry. We need to decide what our primary focus is going to be; power tools lawn equipment, or appliances.
Our firm has set out to Internationalise its operations by opening to different facilities One in China Assembling and Maintaining Aircraft Engines and the other in Europe fabricating turbine blades for Aircraft
“Our mission statement is simple: to partner with you and your business as an asset that provides quality, reliable products rather than a liability that creates headaches, tension and division. We pledge to focus on the smallest of details on our end so that we can provide to you a product and service that will allow you to focus on your own smallest of details.”
So this company is showing mission statement by their action in many way. And they proving that they are not only promising, they actually doing
Robertson Tool Company is one of the largest domestic manufacturers of cutting and edge hand tools with wide distribution
Global Electronics, Inc. (GEI), headquartered in Sarasota, Florida, designs, manufactures, and markets discrete power semiconductors and analog, digital, mixed-signal, and radiation-hardened integrated circuits for signal processing and power-control applications. The company employs about 2,300 people at its three U.S. fabrication facilities (located in Huntsville, Alabama; Evansville, Indiana; and Reading, Pennsylvania), and has 4,000 employees at its assembly and test facility in Kuala Lumpur, Malaysia. In 1999, GEI 's profitability came down with operating losses reaching $100 million on sales of approximately $650 million, causing management concern about the accuracy of the company 's standard cost system.
Q1. Based on the 2004 statement of profit and loss data, do you agree with Water’s decision to keep product 103?
The Guillermo Furniture Company has realized that their business strategy is no longer sustainable. The external environment has changed significantly and the company is facing pressure from oversees firms that have automated much of their furniture production and manufacturing. Despite the fact that Guillermo Furniture has access to relatively inexpensive Mexican labor, the company is still struggling to be competitive in the market due to foreign competition. Therefore, Guillermo has identified various alternative strategies that it wishes to consider in order to reinvent its business and become more competitive. It is recommended that Guillermo invest in new equipment that can modernize its manufacturing capabilities. An investment in a computerized lathe shows a worthwhile return on the company's investment and will also position them for future growth.
Based on the society of interdisciplinary business research, corporate identity has eight different determinants that are corporate design, corporate culture, corporate vision, corporate, industry identities and auditory. The term of CI design was first put forward by American in the 1960s,which means the enterprise management concept and spirit culture, using the whole communication system, especially the visual communication system, convey to the enterprise internal and public, and make it produce a consistent identity or values of the enterprise, so as to form a good corporate image and sales promotion product design system. CI includes mind identity, behavior identity and visual identity. Firstly, MI is a specification of mind, do is thought, how to walk one, must have a set of enterprise culture philosophy. It is the enterprise management macro and micro political instructor, playing contradiction adjustment role in the enterprise. Secondly,BI is corporate leadership and the worker's behavior norms because it is nonsense if there is only
Dixon is raising debt capital by issuing long3 and short term bonds; an interest rate of