...Skil Corporation The acquiring company Emerson had a strategy of producing low cost and high quality products. It started on a program of acquisitions to meets its aggressive goals of growing sales 15% annually. It had acquired only financially successful companies. But in 1979, it acquired Skil Corporation, a financially mediocre and low performing company for $58 million. Skil was a leading manufacturer of portable power tools serving the professional and consumer markets, the circular saw being the strongest and best seller amongst those tools, which it also invented, and was amongst the top three in power tools market share holdings in U.S. Other power tools that Skil manufactured included mid-priced drills and roto hammers. Skil manufactured multiple different models for different countries, depending upon the local needs of the market. Under increasing competitive pressure, Skil’s financial results had not been high and attractive, although reported profitability had improved in recent years. It sold through all distribution channels but was well established in hardware stores and had a strong position in circular saws in contractor supply channels. Its sales force serviced all distributors except the mass merchandisers. Skil seldom advertised and relied more on product publicity. It sold tools on a worldwide basis, with its greatest international strength in Europe. Emerson has a task at hand to improve the market share of Skil Corporation given that the industry is saturated...
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...Running head: RIORDAN GENERIC BENCHMARKING Riordan Generic Benchmarking Introduction Riordan Manufacturing is a global plastics producer. The company wants to develop a team compensation plan around its new customer-relationship management system. Riordan wishes to choose the best option to support this plan. Based on the generic benchmarking for issues facing Riordan the following companies have been identified as having some of the same issues: Graybar for team compensation strategies, BHP Copper for gainshairing, American Standard and United Parcel Service for work life policies, Transtec Group and LeasePlan USA for pay-for-performance plans, and Starbucks for part-time employee benefits. Based on the findings this paper presents some best practices to be used based on other companies. Key Course Concept The following companies were benchmarked against issues facing Riordan. These companies are Graybar Electric Company, BHP Copper, American Standard, United Parcel Service, Transtec Group, Starbucks, LeasePlan USA and Verizon Communications. Riordan was benchmarked again Graybar in regards to team compensation strategy. Teams have become a popular way to organize business because they offer companies the flexibility they need to meet the demands of the ever changing business environment (Zobal, 1998). This process should be slow. Riordan had a compensation plan focused only on team performance without considering the growth in employee...
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...Professional Presence Daniel Charlong Professional Presence CS204 September 16th, 2014 After doing my research, I came across a company called Rosemont who merged with Emerson Company back in 1976. It has locations all across the globe and is in almost every county that that we have. The culture here is the most mixed that I have ever seen or even heard of. Every race from African American, Chinese, Caucasian, Japanese, Somali and quite a bit more across the board. Rosemount Engineering Company was founded in 1956 as a supplier of precision products for the aerospace industry. The company quickly grew with the success and expansion of the U.S. space program and continued to apply the same rigid standards that aided NASA’s success to the development of breakthrough products for the process industries. After reading about it, I tried to picture what it would look like to work there and I stepped outside of myself and looked into the roof of the building and saw what looked like an ant farm. Hundreds of people that have a hard time understanding each other's words, but work together marvelously. Their commitment to the culture is reflected in a dedication to their work environment and company values. As for culture, they strive to provide every employee with the kind of work environment that will allow them to thrive and be very successful. The way that they do this is using mutual respect...
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...of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 140,000 employees in October 2015,[3] and reported global revenue of $39.8 billion for 2014.[1] ABB is traded on the SIX Swiss Exchange in Zürich, Nasdaq Stockholm and the New York Stock Exchange in the United States.[4] ABB's Indian unit, ABB India Limited, is traded on the National Stock Exchange of India and on the Bombay Stock Exchange. The Indian subsidiary of ABB has a market capitalization of over $4 billion.[5] HISTORY ABB resulted from the 1988 merger of the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss company Brown, Boveri & Cie (BBC); the latter had absorbed the Maschinenfabrik Oerlikon in 1967. CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996. ABB's history goes back to the late 19th century. The company was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam turbines and transformers. Organizational structure ABB is the world's largest builder of electricity grids[6] and is active in many sectors, its core businesses being in power and automation technologies. The company has one corporate division...
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...skil was one of the leading manufacturers of portable power tools serving both the professional and consumer markets, the circular saw being the strongest and best seller amongst those tools, which it also invented. Other power tools that Skil manufactured included mid-priced drills and roto hammers. Skil manufactured multiple different models for different countries, depending upon the local needs of the market. Majority of Skil's sales were to Hardware stores and Home centers, which served consumers and professionals alike, followed by Contractor supply and Mill supply. Skil Corporation was acquired by Emerson Electric company in 1979 as part of the latter's growth strategy which is now faced with the challenge of increasing market share in an industry where growth is saturated and market share dominated by players such as Black & Decker and Sears. The Portable Power Tool Industry: Attractive or not? Black & Decker was the leader in this industry with 75% of its sales coming from power tools. Overall, the industry is experiencing a growth rate of 2 - 3 % per year. In 1979, Black & Decker had close to 45% market share as compared to Skil with 12%. So purely from a growth perspective, the industry doesn't look very attractive. Moreover, the consumer segment demands low cost, high quality products and is brand-name sensitive, which seems to favor the industry leaders. Critical skills required Over the years, the traditional gap between professional buyers...
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...Chapter 10 Strategy and the Master Budget Cases 10-1 Emerson Electric Company © Joseph San Miguel, reprinted with permission. 10-2 LetsGo Travel Trailers (Source: “LetsGo Travel Trailers: A Case for Incorporating the New Model of the Organization into the Teaching of Budgeting,” by Sally Wright, Cases from Management Accounting Practice, Vol. 14, Montvale, NJ: Institute of Management Accountants, 1998). Note that part 2 of this case requires the use of Excel. 10-3 Building Processes for a Solid Foundation: The Case of Community Health Initiatives (Source: Sandra Richtermeyer, Strategic Finance, August 2007, pp. 52-57. Note: this case was the case used as the 2008 IMA Student Case Competition. The Student Case Competition is sponsored annually by the IMA to provide an opportunity for students to interpret, analyze, evaluate, synthesize, and communicate a solution to a management accounting problem.) 10-4 Academic Advising at Bay State (Source: Janice E. Bell and Shahid L. Ansari, Strategic Finance, September 2008, pp. 44-51. Note: this case was the case used as the 2009 IMA Student Case Competition. The Student Case Competition is sponsored annually by the IMA to provide an opportunity for students to interpret, analyze, evaluate, synthesize, and communicate a solution to a management accounting problem.) Readings 10-1: “How to Set Up a Budgeting and Planning System” by Robert N. West and Amy M. Snyder, Management Accounting (January 1997)...
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...to meet the increasing demand from customers, the Juran Institute began offering consulting services. Today, the institute is more than just a consulting firm. They also offer Lean, Six Sigma, and Quality certification. The institute has also moved up from selling video tapes that teach the Juran method. There are public workshops, electronic learning (e-learning) workshops, on-site training seminars, as well as books, dvd’s, and training kits that have all been designed to help businesses implement a total quality environment. The Juran Institute offers solutions for companies in several catagories: achieving environmental sustainability, improving quality, improving processes, increasing sales, reducing costs, transforming business, and improving human performance. I actually see total quality improvement on a daily basis from a manufacturing standpoint. I work at Baldor Electric Company where we have a Lean Coordinator and a continuous improvement engineer who work hand in hand. They are constantly working with engineers and machine operators to improve processes and make sure everything is running...
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...Skil Case Analysis Introduction Skil Corporation is a portable power tools manufacturer that was acquired by Emerson Electric Company in 1979. When Skil was first acquired, it had mediocre financial performance. Its main competitors in the portable power tool industry were Black & Decker, Sears, and some Japanese manufacturers. In 1979, the electric power tools were making up the majority of the portable power tool industry. Practical Applications The Competitive Environment - The main competitive force for Skil was rivalry among present competitors. Skil and Black & Decker were two competing companies that were the first in the industry to begin using high-strength plastic in their tools, which had lead to great reduction in cost. In 1979, the electric power tool market in the United States made up 37% of the worldwide market ($868 million out of $2,350 million). In the United States during 1979, mass merchandisers such as Montgomery Ward, and J.C. Penney were the primary sellers of Black & Decker and Skil portable electric power tools. Home centers were a steadily growing channel for professional and consumer power tools, and both professionals and consumers shopped at them. Home centers were growing competition for mass merchandisers, with sales of $83 million in 1979 and growing at 13% annually. In terms of global electric power tool market share, Black & Decker, Makita, Bosche, Hitachi, and Skil ranked the highest in order of share percentage. Black & Decker...
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...and Leading People Evangeline Klingbeil 262608 WGU C200 Task 1 Emerson is a global technology and engineering solutions company that has been providing diversified and innovative solutions to customers for the last 125 years , as of 2015, employ more than 111,000 people . They are solution providers for industrial, commercial and consumer markets through its 5 business units. Those business units are: Emerson Process Management Companies are under constant pressure to cut cost, increase output all with fewer and less experienced workers. Emerson Process Management is relied upon by companies across the globe to aid in solving their process problems. Emerson is experienced in taking their customers toughest challenges and bringing predictable success. Emerson Industrial Automation There is a power in optimizing every facet of operations, greater energy efficiency, lower design costs and improved quality, to name a few. Emerson Industrial Automation helps speed your time to market, wherever you are located and whatever your line of business, from automotive to solar and wind, with reliable industrial automation solutions. Emerson Network Power Emerson Network Power is a hardware, software and service solutions technology business unit of Emerson. They are there to help protect and optimize the infrastructure for companies voice, data or multimedia content and applications. Emerson Climate Technologies Emerson Climate Technologies have trusted products...
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...Telling Tales: how to sell an electric car in a petrol market The story of the G-Wiz Keith Johnston, October 2011 Table of Contents Gentlemen, start your motors P2 October 2011 P4 How it all started P5 A new approach to car retailing P9 Right people, right places P13 A remarkable community P16 Spreading the word P17 The power of storytelling P25 Accolades P28 Introducing the concept of Verbal Identity P31 Taking the high – and highly visible – ground P34 Polarising opinion P36 The bully in the playground P38 What the media said P42 G-Wiz customers have their say P50 The future P54 Appendix: A brief history of electric vehicles P57 The truth about electric vehicles: - The emissions debate P60 -Why we need electric vehicles P62 The people behind the brand P67 Final thoughts P70 “Keith has given us a unique insight into the creation of an iconic brand which became a household name in record time. What is particularly pleasing is that unlike some others, this was no accident or even timing bubble, it was very well thought through, planned and executed. Not many can claim to have earned a whole chapter in the future text books of their chosen profession. Keith Johnston, his backers and the whole G-Wiz team have done just that and a great deal more.” Iain Sanderson, founder and chairman, Lightning Electric car Company. “GoinGreen redefined the concept of investing in a car. These guys have put their heart and soul into these cars. In everything they write and every...
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...Manila Electric Company (MERALCO) – 2012 & 2011 A Financial Review Exercise In partial fulfillment of the Requirements of BA Finance 31- 2nd Semester 2013-201 Submitted by: Laurice Jean C. Cañada Submitted to: Ma’am Ana Liza Romero Tan I. Manila Electric Company (MERALCO) (Holding Company) * Product/Services offered : Electricity * Type of Industry : * Address of Head Office : II. Brief Background of Manila Electric Company (MERALCO) MERALCO is the Philippines' largest distributor of electrical power. It is called MERALCO because it means (ME)tro(R)egional(A)nggat(L)ighting(CO)operative, from the Anggat Hydro-Electric Dynamo Facility in the old days. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of the National Capital Region and the exurbs that form Mega Manila. The name "Meralco" is an acronym for Manila Electric Railroad And Light COmpany, which was the company's original name until 1919. It is an investor-owned electric utility serving roughly a quarter of the estimated 94 million population of the Republic of the Philippines. It was organized as the Manila Electric Railroad and Light Company 107 years ago in 1903 to provide electric light and power and an electric street railway system to Manila and its suburbs. The facilities that Meralco built to provide these two services represented for many years the largest...
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...CHAPTER I INTRODUCTION Company Background Manila Electric Railroad and Light Company or known as Meralco was established in 1903. It was created to provide light and an electric railway system for Manila. That time, Meralco’s facilities were the largest single investment of American private capital in the whole of East Asia. The transportation infrastructure of Meralco was destroyed during World War II which caused the company to refocus its efforts into its electric services, foregoing the transportation side of the company. 1960 when a group of Filipino investors led by Eugenio Lopez Sr. bought Meralco from the American investors. During this period Meralco became the very first billion peso company in the Philippines. During the 1970s the Philippine Government made it a state policy for the government to own all major generating facilities. Meralco sold all of its generating plants to the National Power Corporation (NPC) and, thus, electric distribution became its core business. Indeed, in the first half of the 1980's, Meralco's franchise area tripled in area from 2,678 square kilometers to 9,337 square kilometers, mainly because provincial consumers preferred the rates and service of Meralco to those of the utilities that had previously served them. 1980’s when Meralco, upon the request of the government, organized, started up and operated the country's first elevated light rail transit (LRT) system in Manila between Baclaran and Caloocan. It was...
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...Plan Meralco: I. Marketing Background The Manila Electric Company, also known as Meralco, is the Philippines' largest distributor of electrical power. A. MERALCO is an investor-owned electric utility serving roughly a quarter of the estimated 94 million population of the Republic of the Philippines. 1. Estimated 94 million population of the Republic of the Philippines. 2. Meralco marches on to its 108th year of service in 2011. Consistently in the list of the Philippines’ top five corporations and cited among Asia’s finest, Meralco today serves over 4.8 million residential, commercial and industrial customers. It is strategically located to serve the country’s center of commerce and industry and its hub of government services and infrastructures. It services about 30 manufacturing economic zones, which also compete in the global market. Likewise, the Company caters to providers of outsourced business processes, both domestic and international. Meralco’s 9,337 sq. km. franchise area covers 31 cities and 80 municipalities including Metro Manila, the entire provinces of Bulacan, Rizal and Cavite; parts of the provinces of Laguna, Quezon, Batangas and Pampanga. Electrification level in the franchise area is 99%. B. The Manila Electric Company (PSE: MER and MERB), also known as Meralco (stylized in its logo as MERALCO), is the Philippines' largest distributor of electrical power. It is Metro Manila's only electric power distributor and holds the power distribution...
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...ARP 4 Name of the Company Chosen: Manila Electric Company THE BASICS Locate the company’s balance sheet. Balance sheet date: 1. ASSETS = LIABILITIES + EQUITY This Year (2015) 282.24B = 201.38B + 80.86B Last Year (2014) 264.06B = 189.58B + 79.48B 2. This Year (2015): Current Assets = 282.24B = 1.40152945 or 1.40 Current Liabilities 201.38B Last Year (2014): Current Assets = 264.06B = 1.39286845 or 1.39 Current Liabilities 189.58B Explain what information this ratios provides: The balance sheet of Manila Electric Company indicates the current liabilities and equity of the company. The ratio of Year 2014 is 1.39 and for the Year 2015 1.40, as what you see only 1% increase. As what we have research they already created their 2016 prediction which they come up with the only increasing 1% like the year 2014 and 2015. The company is growing even in minimum percentage every single year, thus, it would be a brilliant idea for investors to invest. Has the ratio improved or worsened? Explain: The current ratio of Manila Electric Company is not so much improve nor worsen it is...
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...LED Fluorescent, Solar Panel, Solar Fan, Solar Refrigerator, Solar Cooker, Wind Generator, CCTV system, PABX Communication System, Telephones, AVR, Battery Chargers, Sine wave Inverters, Square Wave Inverters, Solar Water Pump and many more. • Business type: manufacturer, wholesale supplier, importer, distributor • Product types: LED lighting, solar street lighting, LED light bulbs, solar lighting systems, wind turbines (small), DC lighting, CCTV Systems, PABX Communication systems, AVR, Inverters, Telephones, . • Service types: engineering • Address: 555 Raon st. (G. Puyat), Sta. Cruz, Manila Philippines • Telephone: 3097535 • FAX: 7401983 • Web Site: http://www.aceelectechcenter.com • E-mail: Send Email to Ace Electech Center AFMI. Global Phils. Inc. • Business type: distributor • Product types: LED lighting, solar electric power systems, batteries deep cycle, uninterruptible power supplies UPS, generators diesel, air filtering and purification system components, ESD and Conductive Tiles. • Service types: consulting, design, construction, engineering, site survey and assessment services, contractor services, maintenance and repair services, testing services • Address: P3 Aurora Building Alabang Zapote Road, Muntinlupa, Philippines Philippines 1770 • Telephone: 632. 738. 10. 80 • Web Site: www.afmiglobal.com • E-mail: Send Email to AFMI. Global Phils. Inc. • E-mail: Send Email to Akasya BPV, Inc...
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