Nobody downloaded yet

Corning Incorporated - Research Paper Example

Comments (0) Cite this document
Summary
Business Analysis of Corning Name of Course Your Name Name of your University Introduction For over 160 years, Corning has been at the forefront of technology, innovation and research (Graham and Shuldiner, 2001 p2). The company has been an important convergence point for many research professionals and experts…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Corning Incorporated
Read TextPreview

Extract of sample "Corning Incorporated"

Download file to see previous pages The optical-fiber system enabled the easy transmission of data and voice over extremely wide distances, or billions of kilometers around the globe (Hecht, 1999). The optical-fiber technology was used by telecommunication companies and systems in different parts of the world. It was evolved to support mobile technology and the transmission of satellite information, data and voice messages throughout the world. With time, Corning became a global leader in the production of optical-fiber materials around the world. They became the pioneering entity from 1984 to 2000 where their revenue rose from $100 million to $900 million in the year 2000 (Miller, 2011 p1). However, the telecom bubble burst caused other forms of communication to take over from the fiber-optic technology that Corning had a monopoly over (Matthews, 2002 p445). This led to the quick decline of profits in Corning because they had invested a lot of their capital into controlling the fiber-optic market that they had a full grip on. This led to the decline of the company. There was the need for a quick turnaround in the company and its operations. This paper analyzes Corning as a business entity. The paper will undertake a critical analysis of the organizational systems, strategic patterns and important elements of the organizational structure. This will be discussed in conjunction with the company's history, the 21st Century turnaround and current trends of the company. Organizational Summary (WWR) From its stable growth of about $70 million in turnover each year from the mid-1980s to year 2000, the company now makes higher profits above the $900 million level they reached in 2000 before dipping into a decline. According to Corning, (2012), there has been a tremendously increased volume of trade and revenue. Annual sales for 2011 was $7.9 billion. This shows that a lot has changed in the company to merit such high levels of revenues. The sales figure of $7.9 billion represent 19% increase from the $6.6 billion earned in 2010. Sales volume increased by 7%. This shows that there is a strategy that is supporting the growth and evolution of the company. Earnings per share was $1.77 in 2011. Although this was lower than the increase that was made in 2010, the company again shows that it is increasing investor wealth and this presents a strong case that justifies the fact that it is a growing company. Aside this, the company had free cash flow of $544 million. This implies that they have enough cash in their possessions to finance working capital and other needs that can support it to expand and meet its future objectives and obligations. These indicators announces to the world that Corning is making a lot of improvement in its operations and financial position. The company has had an incredible turnaround that makes it a major player in the global electronic industry. On further analysis of the 2011 financial statements, the information given by Flaws, a Board Member and Chief Financial Officer of the company indicates that there are some important themes that define Corning's current strategy and long-term vision. Growth The company is now focusing on growth. This is based on its vision to capture a larger market share. In order to attain this end, it aims at expanding its asset base. This is being done through mergers, acquisitions and other international ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corning Incorporated Research Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Corning Incorporated Research Paper Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/marketing/1400028-corning-incorporated
(Corning Incorporated Research Paper Example | Topics and Well Written Essays - 2500 Words)
Corning Incorporated Research Paper Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/marketing/1400028-corning-incorporated.
“Corning Incorporated Research Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/marketing/1400028-corning-incorporated.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corning Incorporated

Apple Incorporated

...?Apple Incorporated Introduction Apple Incorporated creates a big in the Personal Computers Industry especially within the hardware sector. Thiscompany tries to compete against Microsoft, Dell, Google, Hewlett-Packard Company and other related big corporations that try to compete against each other in order to achieve certain market share, competitive advantage and eventually sustainability in the days to come. Apple Incorporated is among of these corporations and its efforts are always in line with how it could stand as the market leader in its industry. When it comes to innovation, product differentiation and other related marketing strategies, Apple always has something significant to share. In fact, its leading innovation... in...
10 Pages(2500 words)Research Paper

APPLE INCORPORATED

...?Apple Incorporated Table of Contents Introduction 3 2. Financial Analysis 4 3. Marketing Analysis 6 4. HRM Analysis 8 5. Operations Analysis 8 6. Strengths and Weaknesses 9 7. PESTLE Analysis 10 8. Porter’s Five Forces Model 12 9. Critical Success Factors 14 10. Opportunities and Threats 16 11. Strategic Position of Organisation 16 Current Strategies 16 Issues To Be Faced By The Company 17 Conclusion 18 12. Strategic Direction 18 13. Screening of Options (Suitability, Acceptability And Feasibility) 19 Selection Of Winning Strategy 19 14. Description of the Recommended Strategy 20 15. Key Issues in Implementing the Strategy 20 Risk Assessment And Management 20 References 22 1. Introduction Apple Inc was previously known...
12 Pages(3000 words)Essay

Sunflower Incorporated management

...? Today’s manager is tasked with a number of different duties and responsibilities geared at ensuring that the company maintains productivity and efficiency. The different stakeholders of a given organization each have their own goals and expectations that must be met in order to maintain a positive atmosphere among members. The viability of any given company gives credence to its continued growth and its ability to compete head-on with any of its competitors existing and new in the industry. The manager has the obligation of ensuring that things run smoothly and that there will be no surplus or shortages in the production of their products distributed to customer. Sunflower Incorporated is primarily a distribution...
10 Pages(2500 words)Essay

Computer Publishing Incorporated

...?Running Head: Computer Publishing Incorporated Computer Publishing Incorporated: ODBMS Vs RDBMS goes here Professional Specialization of your professor A Features Comparison of ODBMS and RDBMS Object Database Management System (ODBMS) and Relational Database Management System (RDBMS) are two different techniques that can be employed in the implementation of Database Management Systems (DBMSs). Understanding the basic difference between the two implementation models is of core importance for conceptual clarity and selection of one for application development. In simplest words we can say that RDBMS use databases to store data in rows of information whereas ODBMS stores objects that contain data in to...
1 Pages(250 words)Case Study

Medievel Glass at Corning Museum of Glass

...? Medieval glass at Corning Museum of Glass 20 September Glass for drinking wine can also be an object of art; it can be society’s entire culture. Mirrors, drinking glasses, and windows were some of the functional uses of glass until people discovered that glass could also stand for their cultural identity and civilization. People who do not normally see glass as an artwork will be surprised to know that a museum of glass exists. The medieval glass collection of the Corning Museum of Glass (CMG, 2012a) displays a wide range of glass objects that had decorative and functional purposes during medieval times. After conducting a virtual visit of this museum’s “Medieval Glass for Popes, Princes and Peasants,”...
4 Pages(1000 words)Assignment

APPLE INCORPORATED

...Number APPLE INCORPORATED Introduction Apple Inc. (aforementioned Apple Computer, Inc is an American multinational organization that plans and markets purchaser contraptions, workstation customizing, and Personal workstations. The association's best-kenned supplies things fuse the Macintosh workstations, the ipod, the iphone and the ipad. Apple fused customizing fuses the Mac Os X working skeleton; the itunes media browser; the ilife suite of intelligent media and astuteness modifying; the iwork suite of productive customizing; Aperture, a master photography bunch; Final Cut Studio, a suite of master sound and film-industry modifying things; and Logic Studio, a suite of music engenderment executes. As of August 2010, the...
5 Pages(1250 words)Research Paper

Apple Computer, Incorporated

...Apple Computer, Incorporated Vision and Mission From the beginning of its operation, Apple Computer, Inc. (Apple) is focusing on the achievement of its vision which is encapsulated in the following statement: "To make a contribution in the world by making tools for the mind that advance humankind." In line with this Apple defines itself in its mission statement: "Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning desktop and notebook computers, OS X operating system, and iLife and professional applications. Apple is also spearheading the digital...
5 Pages(1250 words)Essay

Wash Avenue Incorporated

...Running Head: WASH AVENUE INCORPORATED: THE FIRST FIVE YEARS Wash Avenue Incorporated: The First Five Years In APA Style By Course Name University 1.0. Executive Summary This paper presents a five-year marketing plan for a start-up car wash company Wash Avenue Incorporated. This plan encompasses both internal and external analysis in order to come up with an efficient marketing strategy which will help the company succeed and survive in its current market. After laying out its marketing mix, it also offers an implementation plan, financial projections, and evaluation and control. 2.0. Company Description Wash Avenue Incorporated (Wash Avenue) is a prospective entrant in the burgeoning Boston car wash industry. The company... -2013....
10 Pages(2500 words)Case Study

Owens Corning

.... But then there were lots of issues relating to bugs in SAP, attrition among people and a swift implementation of switching it all on at the same time. From our analysis we find that the issue is one of staged implementation and now they need to take a measure of putting unit after unit in order and lessons learnt in one place could go on to help the rest. A plan to put all these in a phased manner needs to be worked out and implemented with the same vigor when it was started in 1994. Assess the Situation Owens Corning was swiftly growing with its new acquisitions and there was an ongoing incorporation of new technologies that improved their working situation and the profitability of the company. The...
2 Pages(500 words)Essay

ERG Incorporated

...Emergency Response Guide Introduction ERG or Emergency Response Guide is the guide for the initial phase of the hazardous material and dangerous good transport incidents, and is designed for the first responders and is brought in use by the emergency response personnel such as police officers, firefighters, etc. This guide is mostly used in Mexico, Canada and United States, while responding to the transportation emergency that involves hazardous materials and dangerous goods. The first responders present in Columbia, Brazil and Argentina have recently started using the Emergency Response Guide. The guide was produced by the Transportation Department of Canada in collaboration with the Mexican Secretariat of Communication... Response Guide...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Corning Incorporated for FREE!

Contact Us