Stanley Black And Decker Essay
NICHE CONSULTING GROUP
101 Madison Avenue New York, New York
April 24, 2010
John F. Lundgren
President & Chief Executive Officer
Stanley Black & Decker
1000 Stanley Drive
New Britain, CT 06053
Dear Mr. Lundgren,
In response to your request, an evaluation of your firm, Stanley Black & Decker, was conducted to determine the strategic issues and problems within and surrounding your firm. This consisted of a review of the external environment, a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis incorporating identification of factors which drive the business, a determination of the company’s financial condition and performance, and consideration of ethics and social responsibility. Please find attached …show more content…
Start Point-of Sale data collection 14. Set up a showcase office in New Delhi, India.
Long-term Recommendations 1. For the segments of Convergent Security Solutions, Health care Solutions and Mechanical Access Solutions the company should maximize their investment and also try to seek market dominance since the market is growing. 2. Shut down the power tool business. 3. Cost containment and the Security segment continue to be bright spots. 4. Moody's has downgraded of StanleyBlack&Decker ratings to Baa1. Pay off some debt by reducing dividend payout ratio. 5. Decrease the underfunded debt obligation of $412.1 million for Stanley Works 6. The cost of production can be decreased by adopting economies of scale. 7. Procurement units can be moved closer to manufacturing plants 8. Invest in R&D 9. Joint venture with “Future Group” in India to attain shelf places in the biggest retail chain stores. 10. The markets in India and China will be only targeted in the Industrial & Automotive and Security business segments. 11. Open new service centers where products can be repaired and refurbished products should be sold at the same centers instead of Home Depot or
101 Madison Avenue New York, New York
April 24, 2010
John F. Lundgren
President & Chief Executive Officer
Stanley Black & Decker
1000 Stanley Drive
New Britain, CT 06053
Dear Mr. Lundgren,
In response to your request, an evaluation of your firm, Stanley Black & Decker, was conducted to determine the strategic issues and problems within and surrounding your firm. This consisted of a review of the external environment, a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis incorporating identification of factors which drive the business, a determination of the company’s financial condition and performance, and consideration of ethics and social responsibility. Please find attached …show more content…
Start Point-of Sale data collection 14. Set up a showcase office in New Delhi, India.
Long-term Recommendations 1. For the segments of Convergent Security Solutions, Health care Solutions and Mechanical Access Solutions the company should maximize their investment and also try to seek market dominance since the market is growing. 2. Shut down the power tool business. 3. Cost containment and the Security segment continue to be bright spots. 4. Moody's has downgraded of StanleyBlack&Decker ratings to Baa1. Pay off some debt by reducing dividend payout ratio. 5. Decrease the underfunded debt obligation of $412.1 million for Stanley Works 6. The cost of production can be decreased by adopting economies of scale. 7. Procurement units can be moved closer to manufacturing plants 8. Invest in R&D 9. Joint venture with “Future Group” in India to attain shelf places in the biggest retail chain stores. 10. The markets in India and China will be only targeted in the Industrial & Automotive and Security business segments. 11. Open new service centers where products can be repaired and refurbished products should be sold at the same centers instead of Home Depot or