Nobody downloaded yet

Forcasting Stratigy for Power Tool Industry - Essay Example

Comments (0) Cite this document
Summary
Power tool industry is one of the major industries which is expected to grow at an annual rate of 5 - 6 percent through 2007 due to acceleration of in the economic activity and rising demand for cordless tools. Demand is also likely to increase by the increase in the activities of infrastructure-building projects and rising living standards in developing regions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Forcasting Stratigy for Power Tool Industry
Read TextPreview

Extract of sample "Forcasting Stratigy for Power Tool Industry"

Download file to see previous pages The strategies of the company to drive themselves in to future success are; Innovation, Structural Cost Improvements, Cash Generation and Stewardship of Capital. The 'Innovation to end-users' was the critical strategy for this company. The company's 'new-product machine' was the innovative solution of the company which enabled them to achieve extremely loyal end-users as well as benefited their distribution partners to serve a broad range of channels. The company's product vitality index remains above 35 percent. While reducing costs of manufacturing and selling and general administration costs filled the cost improvement and cash generation strategies, the acquiring of Vector products Inc manufacturing consumer power portable products and the buyback of the shares represented their strategy of stewardship of capital. (Black & Decker 2006 Annual Report)
This company places its strength on the industry leadership in battery and charger technology with its LXT Lithium-Ion battery and charger system. The first cordless drill was introduced by the company nearly 30 years ago. Manufacturing innovative cordless tools with designs to allow the users all the convenience cordless offers without sacrificing the power or efficiency of a corded tool is the key strategy for this company. The advancement achieved in motor technology is also another key strength. (Makita web site)
2.3 Bosch:
With over 1000 different products this company offers a broad product range catering to the building trade, industry and do-it-yourselfers. Wide product range is the key strength of this company. The company has also made its presence felt in the cordless power tools with its products like cordless screw drivers, piercing saws and hammer drills. The long-term strategy of Bosch is to generate approximately half of their sales in the Americas and Asia and the other half in the European market. Diversification is the central theme of the strategic objective of Bosch to make the company less vulnerable to fluctuations in individual industries. (Bosch Home Page)
2.4 Porter Cable
The key strength of Porter cable is their range of products which meets different range of customers. They manufacture tools for every customer; new home construction to building maintenance and from farms to major wood-working. Similarly they supply to all classes of customers from professionals to casual weekenders. Power, agility, responsiveness and perfect performance is at the root of the porter cable's product strength. With a view to take the strategic advantage of marketing, Pentair Inc the owner of Porter Cable tools had agreed to sell all its tools brands to Black & Decker. (Porter Cable Home page)
3.0 Developing a Strategic Forecasting for Able Corporation:
There can be no strategic planning without forecasting. The ultimate objective of strategic planning is to determine what the company should be in the future; what markets to compete in, with what products, to be successful and grow. To answer these ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Forcasting Stratigy for Power Tool Industry Essay”, n.d.)
Forcasting Stratigy for Power Tool Industry Essay. Retrieved from https://studentshare.org/miscellaneous/1528793-forcasting-stratigy-for-power-tool-industry
(Forcasting Stratigy for Power Tool Industry Essay)
Forcasting Stratigy for Power Tool Industry Essay. https://studentshare.org/miscellaneous/1528793-forcasting-stratigy-for-power-tool-industry.
“Forcasting Stratigy for Power Tool Industry Essay”, n.d. https://studentshare.org/miscellaneous/1528793-forcasting-stratigy-for-power-tool-industry.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Forcasting Stratigy for Power Tool Industry

Operation Mangement (forcasting)

...FORCASTING Operation management has played a big role in the current business industry and as a result, it is important to provide people with more information about it. Operation management mainly deals with design and the management of services, processes, products and the supply chains. Operation management also considers the development, acquisition and utilization of the available resources that most firms need to deliver to their clients such as services and goods. Forecasting assists the managers and various businesses to develop plans that are much more meaningful and to reduce uncertainty in future events. Due to the fact that many managers are always eager to match the supply of commodities...
16 Pages(4000 words)Research Paper

Marketing analysis and forcasting

...of the data into account, we cannot use the model for forecasting the number of UK residents travelling abroad during the year 2011. ARIMA Model – ARIMA stands for Autoregressive Integrated Moving Average. Real-life research as in our case consists of complex patterns of data that are difficult to indentify. Moreover, the observations consist of errors and we need to identify patterns to help generate forecasts. The ARIMA model helps us in doing all the above-mentioned tasks. Box and Jenkins developed the model in 1976 and it has become very popular because of its power and flexibility. It is complex to use and requires experience. Overseas Visitors travelling to UK The model summary in table 5 provides the statistics of...
6 Pages(1500 words)Coursework

The power of Media within Sports Industry

...?Client’s 3 August The power of media is beyond imagination, we start believing in what we see and television channels these days are shows round the clock. Many a time what they show becomes very debatable, animal rights, has been a very debatable topic and several leading channels have openly voiced their opinion on this topic. The growing cruelty against animals has been shown on leading networks time and again, several disturbing pictures have also been published in some of the leading newspapers, this paper will shed light upon animal rights and the influence of mass media on the American society will also be analyzed. “Every piece of fur is the result of horrific cruelty. Animals trapped for their fur can suffer for...
5 Pages(1250 words)Research Paper

Nuclear Power Industry

...?Nuclear power industry: Introduction: Nuclear energy holds utmost importance for the well being and solidarity of any nation since it helps immensely in energy production which could be used for meeting electricity ends. The first nuclear reactor commenced operation in August 1947 in UK. The UK government has lately given the responsible authorities a go-ahead to build many more nuclear power stations. Of the total annual electricity generated in UK, about 25% was contributed by nuclear power plants which reduced to 16.4% of net electricity generated by nuclear power plants all over UK in 2010 (World Nuclear Association, 2012). This reduction in total...
3 Pages(750 words)Coursework

Planing and Forcasting

...and performance. Introduction and scope of implementation: The two tools of planning and forecasting are not limited to any specific field or circumstances; rather they find their application in small scaled organization, and small scale projects, to large scale. Apart from the scale parameter, they find their application in different forms of organizations namely private, public, governmental, nonprofit, services industry, educational, planning commissions, human resource management nay they are broad in their scope and application and are equally effective regardless of the size or nature of organization. The need and realization for these two modes of operations grew further in the post world war two...
10 Pages(2500 words)Research Paper

Power Tool Market Analysis

...industry provides the tools that are used for construction. Hence, demand will be negatively affected for this market. 3. Expenditures for Residential Improvements and Repairs The expenditure for residential improvements and repair is estimated to increase by 1.6% in 2007 as compared to 2006 (Home Improvement Research Institute, 2007). It has been $457.4 billion up to the second quarter of 2006, and was $860.8 billion in 2005. The historical values are shown below (U.S. Census Bureau, 2007). This shows that there is an increasing trend in this market. Year Expenditure for Residential Improvements & Repair ($...
2 Pages(500 words)Essay

Real Time flash flood forcasting

... INTRODUCTION The increase in flooding incidents in some parts of Europe and even in America has necessitated the need to develop flood management plans1. The greatest threat though is posed by flash floods as they can occur far away form river basins unlike the normal floods that mostly occur near river basins. Flash floods are sudden thus they are hard to prepare for or even respond to. Unfortunately, the occurrence of flooding is on the increase in Europe and some parts of America2. Some organizations have managed to prepare an integrated approach to flood management. Such a plan is aimed at raising the preparedness levels and making response activities by the local authorities’ and the general public more efficient especially...
3 Pages(750 words)Research Proposal

Stratigy mangement

...to greater performance for the organization. The evidence to support this assumption is illustrated by Jackson and Schuler (1988) and Arthur (1994) in studies that followed different strategies of HR practices. Studies have shown that productivity and profitability are affected by HR practices (Arthur, 1994; Huselid, 1993). Industry Environment There are many human resource practices, but, those used to performance management are usually used in healthcare field. To control the activity cautiously represents the main task for the company whose aim is to develop good business strategy. Training and teamwork are very important for every organization. Organizations should not ignore training of employees as it helps the...
10 Pages(2500 words)Essay

Forcasting (time series)

...on the theory of planned behaviour, Retrieved November 4, 2007 from http:/www.unix.oit.umass.edu/~ajzen/ Altman, D. G. (1991). Practical statistics for medical research. London: Chapman and Hall Armitage, C. J., & Conner, M. (200 I). Efficacy of the theory of planned behaviour: A meta-analytic review. British Journal of Social Psychology, 40, 471-499 Cockburn, J. (2004). Adoption of evidence into practice: Can change be sustainable? MJA, 120 (6 Suppl). Cohen, J. (1988). Statistical power analysis for the behavioural sciences. Hillsdale, NJ: Lawrence Erlbaum Associates. Conner, M, & Sparks, P., (1993). The theory of planned behaviour and health behaviours, In M. Conner and P. Norman (Eds.), Predicting health...
16 Pages(4000 words)Essay

Solar Power Industry

...Effects of Emerging Markets on Growing Economies Effects of Emerging Markets on Growing Economies 0 Introduction The call for GCC to diversify its market and economic activities is inevitable following emerging markets in the global oil industry. This is presented in Gulf news, business and economy December 9, 2013 by business chief editor Babu Das Augustine. Over the past years, price of oil has been on the rise and decline in equal measures in the global market. This follows emerging markets in the industry with the latest effect being decline in the oil prices globally. Shortage of skills among GCC countries is the major driving force towards diversification. The member countries acknowledge that in...
4 Pages(1000 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 Essay on topic Forcasting Stratigy for Power Tool Industry for FREE!

Contact Us