• 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 the first year, Trung Nguyen strives to achieve 15% market share. * Products: offers product line that satisfies different age groups. * We offer customers new concept of coffee: coffee is not a normal drink, but a drink of energy for the brain-power and a source of creativity.

  2. SWOT Analysis

    Lastly, YHS Company should hold more public relation activities such as sponsoring more events to promote their new launching product and protect their image. YHS Company should use these two strategies to encounter their problems in order to have higher sales and become a well-known company.

  1. NHS change management

    * Flexible approach to duties with strong sense of corporate responsibility, enabling fast NHS response on a wide spectrum of issues. * Credibility with partners and public. Weaknesses * Public Health in the NHS has been practiced in small units expected to achieve challenging targets - unsustainable.

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

    This will mean that the business could be at risk from giving their customers diseases such as salmonella or Escherichia coli this disease can cause serious food poisoning in people, this will mean that businesses will have to have a product recall; this will be very expensive for the business

  1. SWOT and Pestel analysis for Carlton Forum leisure centre

    The three conditions in which to break up the firms are: * Simple and static environment- this model aids as a great prediction tool and it indicates that the best way in which to predict the future is to take a look at the past environment.

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

    the file is easily found, when looking back you know the specific cover that you are looking for. - I will need to include a cover sheet to my business plan, so that I know the name of each section and I will easily be able to find the document that I am in need of quickly.

  1. The Theory of Scientific Management.

    They are able to work their way up once they have the confidence and achieved what they need to move on to the next level. This can be taken from "esteem" in Maslow's hierarchy. What business would it not work in?

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

    ASDA wanted to expand their supermarket chain with new a new format. To launch this program patrol stations were added. This was pioneered by Peter Asquith again. Mr. Peter Firmston Williams was appointed as The Managing Director of ASDA chain.

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