...price Internet sales Dealer contracts that my be inhibiting Internet sales Layoffs Sales declines in Europe, Asia, Latin America OPPORTUNITIES New international markets: China, India, Russia New international markets: Internet sales R&D expenditures\innovations THREATS Competition: Internet sales Wholesale club stores (tire sales) Bridgestone Cooper Continental Michelin Pep Boys (auto service stores) Midas (auto service stores) Auto Zone (auto service stores) Independents OVERVIEW OF STRENGTHS Size still matters and Goodyear has size. Its 1999 sales were $12,881,000,000 representing a one-year sales growth of 2%. Its net income was $241,000,000, a lot of money but a decrease of 64.7% from one year earlier. Despite that drop in net income, Goodyear paid a $.30 dividend. Its net income also beat Wall Street’s expectations. It has become the world leader in tire sales as a result of its alliance with Japan’s Sumitomo Rubber Industries. Goodyear ranks No. 130 in Fortune Magazine’s 500 list of large companies. Its product diversity includes the manufacture and sale of tires, industrial and consumer products from rubber including belts, hoses, and tank tracks, and a wide range of synthetic rubber, resins, and organic chemicals. Goodyear supplies tires to European and North American auto manufacturers and construction and agricultural equipment manufacturers. Good year operates more than 900 retail tire outlets that also provide auto repair services. If you want to buy American, this...
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...THE AQUATRED LAUNCH INTRODUCTION TO THE CASE Goodyear is engaged in the development, manufacture, distribution and sale of tires and related products and services worldwide. The company primarily operates in the US. It is headquartered in Akron, Ohio and employs about 1,05,000 people. Although Goodyear was the leader in U.S. passenger tire market with 15% market share, the company still had to be very careful because the competition was intense. There were so many players in the industry, both branded and private label. Although, each of them had less than 10% of market share, the second in rank, Michelin, was growing very fast in both replacement and OEM market. Also, the private label had become the biggest threat for all branded tires since many branded tire owners intended to replace their tires with private label. Move Towards Value-Based Pricing Under Gaultµs direction, Goodyear began the process of transforming itself from a manufacturing-based company to a customer value-based company. One of Goodyearµs earliest successes with executing customer value-based pricing came with the Introduction of the Aquatred tire. The first step was to conduct consumer research to identify and prioritize the attributes that would motivate consumers to purchase a new type of replacement tire. The research revealed that consumers wanted a tire that was all-season, had a good ride characteristic, a low noise level, and provided good mileage. But, Goodyearµs marketing team discovered...
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...http://cactus.eas.asu.edu/partha/Columns/04-16-AccidentInvention.htm Innovation through Accident Audrey was born in October 2000. Audrey was conceived with a lot of fanfare, much ado and of blue blood. She was well planned and conceived with high hopes. She had everything going for her—looks, money, fame, fortune, power, hype, high expectations and a perfect incubation. A scant six month later, Audrey died. Her parents wanted it to be a quiet affair, but it was not. The death of Audrey sent shock waves through the community. How can such a tragedy happen? In case you did not get to know or love Audrey, she was not human. She was a much-hyped breed of gadget called the Internet Appliance. A sleek looking thingamajig with a touch sensitive screen that wanted to adorn your kitchen counter. It is basically a stunted computer. It can surf the web, do basic Email, get stock quotes, check up on the weather, and some limited word processing all for a lot of money ($500 to get started, $22 per month henceforth). Alex was going on a vacation, to take time off from his job of growing bacterial cultures in little Petri dishes. He was studying the effects of mucus on Staph cultures in a somewhat grungy laboratory in London. He forgot to wash up his last batch before he went off, and when he came back two weeks later, he saw an amazing sight. A mold was all over the dish, but all the bacteria were dead. To cut a long story short, Alex, or rather Dr. Alexander Fleming, found...
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...MEMORANDUM The Goodyear Tire & Rubber Co 200 Innovation Way Akron, Ohio , 44316-0001 phone: (330) 796-2121 Fax: (330) 796-2222 Date: August 05, 2013 To: Mr. Zilverstein, Head of Business Development From: Noam Hadass, Senior Analyst Subject: Analysis - Goodyear Tire & Rubber Co. Dear Mr. Zilverstein , please find below as you requested: * SWOT analysis on the company * an issue that we believe will affect the company in the future * A visual for Goodyear’s revenue in the years 2010-2012. SWOT ANALYSIS Strength: * Loyal customers: When given a choice, customers are loyal to Goodyear Tires. Instead of targeting all customers, Goodyear Tires can invest most of its resources on new customers and only a small portion on the preservation of existing ones. Weakness: * 19th largest air polluter in the U.S: the manufacturing process of Goodyear tire is ineffective regarding the amount of pollution it creates. And as the world is advancing towards “Green” manufacturing in all sectors, being a major polluter can affect the positive corporate image Goodyear are trying to create. Also this makes the company sensitive to regulation towards pollution. Opportunity: * Penetrate new markets in China and India: right to this day Goodyear has a very little market share in these developing countries. With about a third of the world’s population, this market represents an opportunity for large growth...
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...Goodyear: The Aquatred Launch (Condensed) Elaborated by: AMIRA ATHIMNI MERIEM BEN YEDDER REEM NASSAR RYM BELHADJ 0 Dr. Mehdi ZAHAF Mediterranean School of Business 17/10/2012 Outline Executive Summary ......................................................................................... 2 1. a. b. c. Situation analysis .................................................................................... 3 The market ................................................................................................ 3 Micro-environment ................................................................................... 3 Macro-environment .................................................................................. 4 2. a. b. c. d. SWOT analysis ........................................................................................ 4 Strengths ................................................................................................... 4 Weaknesses ............................................................................................... 4 Opportunities ............................................................................................ 5 Threats ...................................................................................................... 5 3. Main decisions ......................................................................................... 5 1 Executive Summary “The Aquatred” is the new innovative tires...
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...Goodyear Tire and Rubber Company Goodyear is one of the world's leading tire companies. This strategic plan for Goodyear will focus on their passenger vehicle. The plan will focus on ways to strengthen the internal and external methods to ensure that products remain at the best they can be for consumers. In doing this, we will concentrate on pricing, product placement, positioning, and most importantly promotion. Promotion has continued to drive the business and this plan will focus on it continuing to do so for years to come. Company Background & Milestones: It all began in 1898. Goodyear’s founder, Frank A. Seiberling, purchased the company’s first plant with a $3,500 down payment. With just 13 employees, Goodyear production began with a product line of bicycle and carriage tires, and horseshoe pads. Since the first bicycle tire in 1898, Goodyear pedaled its way toward becoming the world’s largest tire company, a title it earned in 1916 when it adopted the slogan "More people ride on Goodyear tires than on any other kind," becoming the world’s largest rubber company in 1926. Today, Goodyear measures sales of nearly $20 billion. Goodyear is currently the No. 1 tiremaker in North America and Latin America. Goodyear is also Europe's second largest tiremaker. In 2011, Goodyear posted net sales of $22.8 billion, up 21% over 2010. Net income available to common shareholders was $321 million in 2011. Goodyear operates 53 plants in 22 countries. Together with its subsidiaries...
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...Charles Goodyear The Strange Story of Rubber In midsummer of 1834 a bankrupt hardware merchant from Philadelphia, Charles Goodyear, walked into the New York retail store of the Roxbury India Rubber Co., America's first rubber manufacturer. He showed the store manager a new valve he had devised for rubber life preservers. The manager shook his head sadly. The company wasn't in the market for valves now; it would be lucky to stay in business at all. He showed Goodyear why: rack on rack of rubber goods which had been melted to malodorous glue by the torrid weather. In the company's factory at Roxbury, Mass., he confided, thousands of melted rubber articles were being returned by outraged customers. The directors had met in the dead of night to bury $20,000 worth of stinking rejects in a pit. The "rubber fever" of the early 1830s had ended as suddenly as it had begun. At first everybody had wanted things made of the new waterproof gum from Brazil, and factories had sprung up to meet the demand. Then abruptly the public had become fed up with the messy stuff which froze bone-hard in winter and turned glue-like in summer. Not one of the young rubber companies survived as long as five years. Investors lost millions. Rubber, everyone agreed, was through in America. Goodyear disappointedly pocketed the valve and took his first good look at rubber. He had played with bits of it as a child, but now, at 34, he experienced a sudden curiosity and wonder about this mysterious "gum elastic...
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...Goodyear Tire and Rubber Company – Case Analysis 1. Introduction/Background: Goodyear Tire and Rubber Company, headquartered in Akron, Ohio, was founded by Frank and Charles Seiberling in 1898. Goodyear’s principal business is the development, manufacture, distribution and sale of tires throughout the world. In addition to Goodyear brands tires, the company owns the Kelly-Springfield Tire Company, Lee Tire and Rubber Company, Delta Tire and they manufacture private-label tires. Goodyear was the world leader in tire production until November, 1990, when Groupe Michelin acquired the Uniroyal Goodrich Tire Company. Goodyear controls 20 to 25 percent of the world’s tire manufacturing capacity and about 37 percent of the U.S. tire-making capacity. The Goodyear brand is the market share leader in North America and Latin America, number two in Asia outside Japan behind Bridgestone, and third in market share in Europe behind Michelin and Pirelli. World tire production in 1991 was approximately 850 million tires, of which 29 percent were produced in North America, 28 percent in Asia, and 23 percent in Western Europe. Ten tire manufacturers’ account for 75 percent of worldwide production. The three largest tire manufacturers account for almost 60 percent of all tires sold worldwide. Groupe Michelin, headquartered in France, is the world’s largest producer, Goodyear is the second-largest producer and Bridgestone Corporation, a Japanese firm, is the third-largest tire producer...
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...but on the other hand it often damages brand equity and erodes profit margins. Moreover, low price develops low expectations, because customers see price as sign of quality. So, to set a price is very meaningful decision. There are some strategies, which will help you to price products. There are several strategies that can stop consumers from fixating prices. First strategy is to use price structure to clarify your advantage. This means that company should focus on value your product or service deliver than to constant price cutting. Tire’s company called “Goodyear” made a good initiative on this step. Firstly, consumers bought only cheapest tires and were unwilling to pay some extra for the innovation that extends tire’s life. Therefore, “Goodyear” solved this problem by adjusting prices to expected lifetime of a tire rather their engineering complexity. By doing so, company highlighted the advantage of their innovations and taught consumer a new to compare offerings. Second strategy is willfully overpricing products to stimulate curiosity. This basically means that if a company is overpricing some products it can lead consumer to think why this products has higher price than a similar one, what features affect the price. This strategy is used by “Apple” company, which keeps their prices high at the same time sustaining customers’ goodwill. But companies have to be aware of overpricing too little or too much. There was made an experiment to examine coffee overpricing. The results...
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...Georgia, Albany and San Jose. The owner of the company is one of the Fortune 1000 enterprises better known as Riordan Industries. The company is distinguished by the imaginative art in designing plastics, which is the company’s innovative skill. The company has earned international recognition because of the design capabilities. One of the major products that Riordan manufactures are the heart valves, custom plastic parts, various sizes of electric fans medical stands and plastic parts. The impact that innovation, design and creativity have on the strategy at Riordan Manufacturing is to the designs of the company to be the leading company is using the material polymer to serve the needs of the customers and to make sure that they have answers to their challenges. Riordan also wants to obtain and achieve sensible profitability. For the success of the company, they will have to have a production plan that strong and grounded. In the processing stage, Riordan’s business in China serves the needs of handling of shipping to the company adequately. Therefore, the company has made a decision to put together a design of supply chains of electric fans to China. This plan will let Riordan know the size of resources such as equipment, buildings and the workforce size. Some of the possible challenges that will occur in the Chinese plant include; barrier communication with language. Another big challenge would be the extreme weather conditions in the region. In solving the communication...
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...services include content development, strategic and marketing consulting, managed learning services, and technology integration. It targets specific vertical markets around the world such as food, agriculture, automotive services, government, and health care, with clients including Jiffy Lube, Goodyear, and the US Army. In the specific case of Adayana Automotive, now simply Adayana since its 2009 merger with other companies and subsequent expansion into additional business lines. A decision to contract with it is, again, an economic or financial decision, but one solidly grounded in the dynamic nature of the automotive industry. Automotive technology is in a constant state of evolution, with new models of automobile and new types of automotive components and the incorporation of computer chips in cars represented a major technological innovation, placing a serious strain on the repair industry in terms of maintaining proficiency in car repair. The financial and organizational burden of maintaining in-house training and education programs to ensure that employees remain technically proficient can be prohibitive. Under such circumstances, outsourcing to a company like Adayana, the business plan for which is entirely structured around finding cost-effective ways to train technicians for client companies, makes tremendous sense. In addition to the financial consideration, outsourcing to a company like Adayana has the advantage of immersing employees in another corporate culture...
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...IN-COMPANY TRAINING REPORT ON “MARKETING STRATEGIES OF JK TYRES” COMPLETED IN JK TYRE LIMITED [pic] SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF B.COM (H) IIIRD YEAR DELHI COLLEGE OF ARTS & COMMERCE, NEW DELHI TRAINING SUPERVISOR: SUBMITTED BY: MR. HARMEET SINGH KOHLI KARAN ARORA (Marketing Manager Central Zone) ROLL NO. 336 SECTION - A STUDENT DECLARATION I hereby declare that the Summer Training Report conducted at “Marketing Strategies of JK Tyres” submitted in partial fulfillment of the requirement of B. Com(h) III Year. It is my original work and the same has not been submitted for the award of any other Degree/diploma/fellowship or other similar titles or prizes. KARAN ARORA ROLL NO. 336 SECTION - A UNDER THE GUIDANCE OF: MRS. NEHA AGGARWAL MR. PANKAJ KUMAR (FACULTY OF COLLEGE) Student signature ACKNOWLEDGEMENT It is indeed a moment of immense gratification for me to express my deepest gratitude to Mr. Harmeet Singh Kohli, (Marketing Manager Central Zone) for providing me with an opportunity to carry out this project study and help me create this report on “Marketing Strategies of JK Tyres". I am grateful to him for forecasting an excellent academic ambience...
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...The Fundamentals of International Business | | Assignment question: There are several theories that seek to explain why FDI takes place. These theories try to explain why firms go to the trouble of acquiring or establishing operations abroad. Such theory includes Dunning’s Eclectic Paradigm, Vernon’s Life Cycle and Knickerbocker’s Model to name a few. Your academic paper should illustrate the use of such theories to evaluate the rationale for foreign direct investment for a leading player in your chosen industry. | | | | Student: Matteo Noris ID: 10224550 Course: (BA) International Business Assignment Due Date: 25th January 2012 Unit Tutor: Agnieszka Chidlow Matteo Noris ID: 10224550 Fundamentals of the International Business Submission Date: Wednesday 25th January 2012 Weighting: 30% of the total mark for the Unit * Chosen Assignment Question : 2 Foreign Direct Investment There are several theories that seek to explain why FDI takes place. These theories try to explain why firms go to the trouble of acquiring or establishing operations abroad. Such theories include Dunning’s Eclectic Paradigm, Vernon’s Life Cycle and Knickerbocker’s Model to name a few. Your academic paper should illustrate the use of such theories to evaluate the rationale for foreign direct investment for a leading player in your chosen industry. Contents Page Contents Page 2 Abstract 3 Introduction 3 Main Body 4 Conclusions 8 References...
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...After investing in the selected stocks, I will be able to analyze the simulation and make conclusions based on my performance. I am beginning with $200,000, and then will scope over my profits and losses to understand which methods work best. Starting in Chapter 1, I will explain the history of the stock market and who is involved with it. In the following chapters I will show my results of the simulation and discuss them. I will conclude the simulation in the final chapter, which will cover all results and what I learned during the 8-week period. 1.2 History of the Stock Market: The stock market is a trading place where bonds and stocks can be traded, usually to gain some type of income. Basically, a stock is a piece of a company or business. These businesses and companies are split up into equal parts, which can be purchased on the stock exchange. On most occasions, at least 51% of shares are held by one person or group while the remaining 49% are constantly traded. On the other hand, a bond is a government issued certificate that sets an agreed upon pay back date [4]. The market is not open to everyone. Only...
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...Film Analysis: The Corporation University/Institution Name: Student’s Name: Professor’s Name: Course Name: Date Submitted: Film Analysis: The Corporation Introduction The Corporation, an infotainment by moviemakers Jennifer Abbott and Mark Achbar and authored by Joel Bakan, explores the legal standard, basically inquiring: if corporations were people, what manner of people would they be? Making use of psychiatrical main beliefs and FBI forensic technics, and through several case studies, the motion picture ascertains that this “being”, the corporation, which has an ever-increasing power over the daily existence of almost all living creatures on earth, would be a sociopath. The case studies consist of a story concerning how two reporters were sacked from Fox News for declining to downplay a story about the risks of a product of Monsanto given to dairy cattle, and another regarding Bolivian employees who confederated to guard their rights on their own water provision. The commonness of corporate control over our lives is looked into by analyzing efforts to manipulate behavior, together with that of children. The key argument of the infotainment is that, as the corporate legal “body” under current law is regarded to be a person, founded on its characteristics and personality, is a sociopath. Bakan establishes this standpoint on several things but letting the Psychologist tackle the question while the expert deals with psychosis. The major problems of a corporation discussed...
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