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miller tool company

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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.

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