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SWOT analysis: strategic position and analysis of Dresser Rand - Thesis Example

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The purpose of the SWOT analysis is to evaluate the strategic position and analysis of Dresser-Rand. In which, its strengths, weaknesses, opportunities and threats have been taken into account…
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Download file to see previous pages The weaknesses consist of heavy reliance on external suppliers, highly safety and occupationally regulated industry and risky industry. The opportunities include China market having cheap labour and conducive business environment. The threats are the presence of global economic downturn, currency fluctuation risk, environmental compliance cost and adverse consequences of regulations. The recommendations have been made and require Dresser-Rand to reduce reliance on the external suppliers, focusing on new markets such as Brazil and China, emphasizing on risk reduction strategies, increasing corporate social responsibilities practices. Name Professor Subject Date Introduction Dresser-Rand is one of the leading companies in the energy sector. It provides custom-engineered rotating equipment solutions for significant applications particularly in the chemical, gas, petrochemical, oil, process, power, military and environmental market space. Its products and services include oil and gas applications including gas export, gas compression, enhanced oil recovery, gas collection, liquefied natural gas (LNG), gas transmission, gas storage and processing as well. Dresser-Rand operates in many countries. Its manufacturing installations remain functional in the United Kingdom, the United States of America, India, France, and Germany and so on. Inside United States, the Company operates in 18 States and other 32 countries with 45 services and support centres, 13 manufacturing facilities and 76 sales offices including six research and development-cum- engineering centres. The clients coming from more than 150 countries, Dresser-Band has developed business relationships with the leading corporations including BP, Gazprom, Chevron, ExxonMobil, Royal Dutch Shell and so many others. The SWOT analysis represents Strengths, Weaknesses, Opportunities and Threats. In the strategic management and strategic analysis, the SWOT analysis is employed to entertain the strategic objectives of a company. The SWOT analysis provides a clear description strategically in which the company management looks into the strategic issues with a single glance. The strengths and weaknesses highlight the internal issues that the company management must take into account. After understanding the strategic internal issues, the senior management become in a position to take necessary steps in order to ensure achievement of the strategic objectives. On the other hand, the opportunities and threats represent and highlight the external issues and problems which normally do not remain the control domain of the senior management. Over the external issues, the senior management cannot exercise direct control over the issues but they have an opportunity to mould or change their business strategy in order to entertain the long term business objectives. The SWOT analysis of Dresser-Rand highlights numerous internal and external issues and opportunities. The strengths include technology, innovation and efficiency enhancement and safety. Dresser-Rand considerably relies on the use of technology; it is benefit of technology that has enabled the company to increase its range of products and services along with the range of customers. As technology opens new avenues, the clients intend to use these new avenues for the purpose of attaining business excellence. The Dresser-Rand weaknesses include heavy reliance on external suppliers, highly regulated occupational safety standards and risky industry. The Company substantially relies on the supplies provided by the external suppliers which affect the financial and operational performance of the company. Being a part of highly safety regulated industry; the Company faces numerous types of risks, penalties and sanctions ...Download file to see next pagesRead More
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