Strategic Management and Machine Shop
Case Study:
Bennett 's Machine Shop, Inc
DATE: 09th December 2010
Introduction to the case:
His entrepreneurial spirit drove him to leave a stable career and convert his part-time engine reconditioning business into a full-time endeavor. He moved from a shack next to his trailer home to a small hut that he rented for one month. After renting the hut he moved to a stall in a service station. With neither a business name nor a business license, Pat had little control over parts and profit. When the opportunity came to rent a larger space from a garage owner Pat took it. Here his business continued to grow and there was a need for him to hire a helper. Although he was in the business of engine reconditioning, he hired a premed student. Finally in 1977, Pats business got a name. He incorporated it as Bennetts Machine Shop, Inc. During that same time he moved the business to a rented building that only he occupied.
Analysis of the case.
The case analysis will be done using the SWOT analysis and all the aspects will be analyzed strategically.
Vision & Mission Statement:
Bennett’s Machine Shop, Inc. has the vision of achieving diversification in the field of engine business and makes the company a profitable organization. The main intension is to keep on finding new ways of repairing and renewing mechanical equipments and operating systems of all kinds especially auto engines with regard to quality of products and services and trying to achieve top position in international competition.
Current Evaluation:
Need to fill in some stuff from the case like the business that the company is currently doing and the undertaken loan.
Strategic SWOT Analysis:
Strategic SWOT Analysis
Strengths
Some of the major strength of Bennett’s Machine Shop Inc can be highlighted as
• Having service/product diversity in the field of engine making and rebuilding has given them a competitive advantage in the industry.
•
Bennett 's Machine Shop, Inc
DATE: 09th December 2010
Introduction to the case:
His entrepreneurial spirit drove him to leave a stable career and convert his part-time engine reconditioning business into a full-time endeavor. He moved from a shack next to his trailer home to a small hut that he rented for one month. After renting the hut he moved to a stall in a service station. With neither a business name nor a business license, Pat had little control over parts and profit. When the opportunity came to rent a larger space from a garage owner Pat took it. Here his business continued to grow and there was a need for him to hire a helper. Although he was in the business of engine reconditioning, he hired a premed student. Finally in 1977, Pats business got a name. He incorporated it as Bennetts Machine Shop, Inc. During that same time he moved the business to a rented building that only he occupied.
Analysis of the case.
The case analysis will be done using the SWOT analysis and all the aspects will be analyzed strategically.
Vision & Mission Statement:
Bennett’s Machine Shop, Inc. has the vision of achieving diversification in the field of engine business and makes the company a profitable organization. The main intension is to keep on finding new ways of repairing and renewing mechanical equipments and operating systems of all kinds especially auto engines with regard to quality of products and services and trying to achieve top position in international competition.
Current Evaluation:
Need to fill in some stuff from the case like the business that the company is currently doing and the undertaken loan.
Strategic SWOT Analysis:
Strategic SWOT Analysis
Strengths
Some of the major strength of Bennett’s Machine Shop Inc can be highlighted as
• Having service/product diversity in the field of engine making and rebuilding has given them a competitive advantage in the industry.
•