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Company analysis needs to be on is HITACHI CONSTRUCTION MACHINERY AUSTRALIA Pty Ltd risk management - Essay Example

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Risk management Over the past business period, Hitachi Construction Machinery (Australia) pty ltd as a subsidiary business unit has encountered and tackled various challenges posing risks to its operations. As a company targeting the Australian market, it is clear that the various parties dealt with are those that mainly affect the company directly…
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Company analysis needs to be on is HITACHI CONSTRUCTION MACHINERY AUSTRALIA Pty Ltd risk management
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"Company analysis needs to be on is HITACHI CONSTRUCTION MACHINERY AUSTRALIA Pty Ltd risk management"

Download file to see previous pages Scope To be efficient and effective the unit provides the range of machinery best known to miners of Australia as the best. Mining takes turns from extracting underground resources to the point of processing. The unit provides and caters for lumbering trucks, excavators, bulldozers, and drilling in the manual and electric version. The company also ensures that all spare parts are availed at the stores, a factor that ensures that the customers business does not alt because of mechanical breakdowns (Thakur et al, 1997). With the technological revolution in the mining sector taking tremendous advances, the unit provides upto date equipment and customer support on the use of such. Pricing and negotiation deals within the unit stimulate the competitiveness in the market. Hitachi ensures communication in the various channels, which entirely stimulates performance on output, realization of change in the dynamic environment and customer satisfaction via direct responses. Risks are borne by assumptions that the prevailing factors are not crucial. The company understands clearly that different people have different perceptions. Demographically, age separates tastes and thus the approach in construction to cater for their needs takes a deeper dimension. Hitachi meets competition from Denver, Caterpillar, Center Rock, Komatsu, P&H Mining, and Joy Mining machineries among others. However, these companies may pose threats; Hitachi strategically frames a proper layout and execution exercise that secures its bid in reaching the market. (Thakur, (2007:04). The plan of availing the equipment on time drives other competitors away bearing that the selective channel of distribution and scrutiny enables the company to determine the performing and non-performing ones. Tailored communication among all the subsidiary outlets enables it to note changes and advances in industry before matters get out of hand. Holistic approach In the present marketing environment, competition takes charge on every market and failure to retaliate often steers loss of the market share, lesser profits, and exit from the market. Hitachi Company limited ensures fast adaptation to changes in the industry. In the event of competition from other key players in the market, for example, Caterpillar, Denver, Robinson Thwaites, and Bucyrus international, Hitachi resolves to higher advances that include technological advances, customer satisfaction through efficiency and closer supervision. Since Hitachi Construction Company is mainly concerned with improving and delivering services in the mining industry, it builds the best and conducive machinery for both customers the entire ecology. The company’s advancements in the provision of electric trains and steam drilling equipment among others steers economic growth to all users. The production and delivery unit ensures that all output suits the needs of the various markets and that environmental destruction is least expected. Each market segment adopt distinctive cultures, beliefs and norms which affect the business widely, thus the company should poses an outlook on factors of the kind as ignorance may pave way for competitors.(Desheng, (2010:03). As a strong strategy, holistic approach, and entirely a definite tool to production, the company appreciates all of the key players in its market, understanding fully that they are equally ...Download file to see next pagesRead More
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