• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

miller tool company

Extracts from this document...

Introduction

WAC ASSIGNMENT THE MILLER TOOL COMPANY Date of submission- 1 September 2008 Submitted to Prof. Sanjay Gupta Course instructor Submitted by Hasumati Vankar 20081018 PGP 08 Analysis Report On Miller Tool Company Submitted to Mr. Henry Augener (President: Miller Tool Company) Mr. Eugene De Witt Submitted to Hasumati Vankar Senior Executive MEMO To: Mr.Henry Augener and Mr.Eugene De Witt From: Hasumati Vankar (Senior Executive) Date: 1 September 1969 Subject: Report regarding the problems faced by the Miller Tool Company. We are all aware of the problems faced by the MTC ( Miller Tool Company ) and its acquisitions. I want to share my thoughts to solve the problems and here are some solution attached with it. Please do go through i , I am sure it would be helpful to you in reaching a decision. CONTENTS 1) EXECUTIVE SUMMARY 2) SITUATION ANALYSIS 3) PROBLEM STATEMENT 4) STATEMENT OF OPTIONS 5) CRITERIA OF EVALUATION 6) EVALUATION OF OPTIONS 7) RECOMMENDATION 8) PLAN OF ACTION EXECUTIVE SUMMARY The Miller Tool Company started acquiring small companies that are of different streams to increase its business volume. ...read more.

Middle

The overall generated revenue was low. This shows that things are not in good shape which should be there. And any change in the business would create a huge problem with the product line. Hence the company should come out of some of its businesses but which are they? It has to be decided and those which are unable to contribute to the parent company, Miller Tool Company should be in the list and the company should continue with those which are contributing for the growth and increase profit or it could generate a good revenue. For this restructuring of organization is required, it should be under top or proper management. PROBLEM STATEMENT Bringing in the technological changes in the Tool company at the same time managing the man power and the businesses STATEMENT OF OPTIONS The following are the statement options: 1) Restructuring of Organization and Proper management : At present the company is lacking skilled manpower to handle the different small companies. ...read more.

Conclusion

Since technology is booming in this decade we can start out with new company in some recent technology. 3) Selling the smaller business: Selling all the small business and bringing in new technology would definitely help tool company. Once the company starts making profit in the Tool & technology. We can again think if diversifying in different field. RECOMMENDATIONS By restructuring the organization and proper management everything would be managed and analyzed properly through which it would be easy to take decisions regarding revenue generation and the proper differentiation between the acquisitions should be done by which company would be able to divest small businesses to generate revenue which could be invested for others. PLAN OF ACTION First proper analysis of all the revenue generated should be done by which the company would come to know from where it should be generating more and less. Then the manpower area needs to be handled. With proper interviewing new people can be hired. The management should be at top level by which everything would be categorized properly and managed properly. No. of words 921 ?? ?? ?? ?? 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Marketing plan for Trung Nguyen coffee company.

    In addition, in several outlets, Trung Nguyen plan to offers rental services of "ao dai"- Vietnam traditional costume, accompanying photograph service. These services target Young Korean ladies who are excited with novel experiences and interested in the design of "ao dai".

  2. Asda - Company mission, philosophy, and goals. Overall purpose of the company, its stakeholders ...

    According to Roger L, Roger T (2007). * L Legal Factors: - Roger L, Roger T, (2007) say ''L refers to legal factors which affect the company base and Legal factors can affect company's cash flow, image and its growth negatively or positively. This may impact employment, access to materials, quotas, resources, imports and exports, taxation etc as well''.

  1. SWOT Analysis

    8.0 Conclusion: After analyzing and doing research, we can conclude that F&N is a more superior company as compared with YHS Company. Therefore, YHS Company should improve their weaknesses by doing more research and development, survey, evaluation forms to understand and reach consumers' needs better.

  2. NHS change management

    Social * The ageing population in the UK has put more pressure on NHS to meet the needs of this increasingly elderly population. * At the 21st century, customer expectations of public services have changed. They are not happy with the 'given' quality.

  1. PEST is a planning tool which is used by a business to evaluate and ...

    Health and Safety issues that could affect a businesses are things such as the cleanliness, if businesses are not clean enough they are at risk from being closed down as this is part of the Health and Safety at work act 1974 as cleanliness in a business could have a dramatic effect on health and safety in a business.

  2. SWOT and Pestel analysis for Carlton Forum leisure centre

    3.2 Industry analysis. 3.2.1 industry definition. An industry can be defines as ' a group of companies that would find it easy to switch their production facilities to manufacture each other's product' (Williamson 2004). Or the definition of a industry membership is ' a group of firms who have similar

  1. Disneyland and M&S. I am going to investigate customer service in two separate ...

    The various places throughout the Disney Resort are business and family friendly but the main business areas would be Planet Hollywood, Rainforest Caf´┐Ż, Buffalo Bills or even for night life the night club Hurricanes. It is important that Disney provide places in which business talks can be held and discussed,

  2. Business plan. The business that I am going to produce is a personalised logo ...

    The difference between a plan and planning is a plan is completed to define all sections of the business, and where it will potentially lead to in the future.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work