company more versatility and make us more nimble so we can take advantage of new…
| Creates a more uniform organization. More efficient operations and customer-driven business processes. Firmwide information for imporved decision making.…
Diversification works best when returns are negatively correlated. If one investment does bad the second investment will make up for the loss and it works because stocks do not move exactly together.…
Implementing a core and peripheral strategy is one way to make the workforce more flexible. This is because it allows them to gain a core of skilled workers which are all kept on permanent full time contracts which keeps them motivated and secure within the company so they stay which is beneficial as it means lower levels of having to train to high levels. The peripheral aspect of the strategy allows them to hire when necessary whether its unskilled staff to account for increased demand or highly skilled staff for specialist problems. This is beneficial as it means they don’t have to employ all their staff permanently whilst still allowing them to respond to the flucations in demand for cheap holidays.…
Synergistic benefits can arise from a number of different sources, including operating economies of scale, financial economies, and increased managerial efficiency.…
Unfreezing of traditional ways and managing diversity: more acknowledgment of different dimensions of diversity, new legislation, a movement to value differences, growing opportunities to serve new global and domestic markets, and an awareness that diversity if valued and managed well can produce more motivated employees and a competitive advantage to the bottom line, that is the business case for diversity. Ex. changing the laws, rules, training, and demographic…
United Technologies demands very high standards from suppliers. The company surveys suppliers annually and stresses the importance of efficiency. In addition, they have a very low tolerance for inefficiency. United Technologies has created a program titled “Supplier Gold.” The “Gold” standard is given to suppliers who accomplish stringent efficiency standards. Benefits include recognition and considerable benefits. Suppliers for the company are also required to adhere to strict environmental regulations.…
United Technologies Corporation, or UTC, produces unique advanced technology products and provides service to the global aerospace and building systems industries. This Dow Jones company produces a broad range of technologically advanced products like aircraft engines, helicopters, HVAC (heating, ventilation, and air conditioning systems), fuel cells, elevators and escalators, fire and security advancements, building systems, and industrial products. UTC is also a large military contractor; producing missile systems and military helicopters. Beginning as a risky elevator business in New York City, United Technologies Company has expanded to a multinational manufacturing business that is considered a leader in cutting edge technology in a diverse range of categories.…
Time is a valuable necessity that is not meant to be wasted for we do not have the power to extend or shorten it. As such, the issue of time management has appeared to be a problem for many people in the United States and other parts of the world. In the twentieth century, the United States adopted a new schedule for managing time also known as daylight savings. This new system would put clocks back an hour in the fall and forward an hour in the spring. At the beginning, the United States believed that this new system would help economize energy usage and better organize the amount of light the country received according to the time of year. Unfortunately, the United States later found out that their expectation did not quite assimilate into society the way they expected for. The introduction of daylight savings has become an inconvenience and even as a hazard to the lives of many.…
1. What are the pros and cons of moving from individual brands to a corporate brand?…
Daylight savings time is defined as an adjustment of time to create longer lengths of sunshine in the summer. This notion of elongated summer days was first introduced in 1918, when America was at war with many different countries (Source A). The reasoning behind this was to conserve more energy for the soldiers fighting overseas. However I was repealed the following year. It was brought about again during World War II, for the same reason. It has undergone many changes, but still remains in effect today. The latest change to the institution was that it was to begin on the second Sunday in March and end on the first Sunday of November. Even though it supposedly conserves energy, is it actually worth it?…
The advantages include better understanding of the industry, lower cost because of the reduced amount of work on evaluate the industry, gain great profit when the industry is going up, and early recognition of the industry trend because of the shared information from different companies.…
How will it help the company if it has to adjust its strategy in the future?…
These are exciting and challenging times at Otis Elevator Company. We are currently the largest manufacturer, installer, and servicer of elevators, escalators, and moving walkways in the world.[1] Just two years ago we completed the second largest acquisition in company history by adding Amtech Elevator Services. This acquisition has proven to be a key strategic maneuver as we have eliminated an industry rival while increasing the company’s revenue, operating profit, operating profit margin, and customer base.…
Diversification strategy proved very beneficial for development of internationally transferable FSAs which enabled TATA to change its approach from centralized exporter to international coordinator.…