profitable and the market leader up to the late 1970’s and early 1980’s. Caterpillar faced a different global economic environment in the 1980’s. “Between 1980 and 1985‚ as Caterpillar slid into an uncompetitive position against its toughest competitor‚ Komatsu (Japanese Corporation)‚ the dollar appreciated by about 50 percent against the Japanese yen‚
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*CASE ANALYSIS* A New Caterpillar Emerges Caterpillar was a low-cost manufacturer in the construction equipment industry until the beginning of 1980’s‚ but in 1982‚ competition from the Japanese biggest construction equipment manufacture i.e Komatsu‚ Kubota‚ and Hitachi‚ threatened its position. Caterpillar’s functional approach was outdated‚ and structural changes were needed to remain globally competitive. To this end Caterpillar quickly moved to change its organizational structure. The prime
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The global market for construction equipment is expected to reach USD 208.36 billion by 2020‚ according to a new study by Grand View Research‚ Inc. Growing number of infrastructure projects on a global scale is expected to be the key driving force for the market over the next six years. Increasing mining activities which require the use of construction equipment are also expected to positively impact the industry over the forecast period. Technological development has led to the use of advanced
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De Castro‚ Allan Paul B. 11196734 ManAcc Forner Carpet Company The case of Forner Carpet Company was about determining break-even points. This case requires to determine the appropriate price for a product in the market where the company is not a price leader. Forner Carpet Company‚ the market leader in high-grade carpet materials‚ plans to expand/diversify its production‚ and replace its equipment‚ hence‚ a need for fresh capital. In order to support this endeavour‚ Forner imposed
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Excavation of 100‚000 m3 earth – to be completed in 50 days. Per day approximately -2‚000 m3 to be excavated so that we can complete the excavation work in 50 day s E) Cost working for Excavation works Selection of equipment – a) Excavator with bucket Komatsu PC 200 – productivity – 600 m3/per day considered. Option -1 - Cost working for PC 200: 1. Hire charges per Hour – Rs.850.00 rate for 10 hrs = 8‚500 2. Cost of Diesel 7 litres per hour @ 70 Rs per litre considered for 10 hrs = 4‚900 3. Operator wages
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Tourism is in what is known as the ‘Tertiary Sector’ of the economy. This ‘service industry’ is one of 3 other sectors in an economy‚ the 2 other sectors are: secondary sector and primary sector. The primary sector deals with ‘extraction’ such as farming‚ fishing & quarrying. The secondary sector deals with manufacturing and construction. ‘According to the theory the main focus of an economy’s activity shifts from the primary‚ through the secondary and finally to the tertiary sector. Fourastié
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Customers: The main customers of Ritchie Bros in Romania will be the companies which work in the industrial and agricultural sectors but also on petroleum‚ gas or textile. Because of the recent global crisis‚ the country has known financial problems during the previous years. Even in nowadays‚ the financial situation of the country is better‚ Romanian companies have suffered from the crisis and are therefore more likely to buy second hand products instead of new products. Industry and agriculture
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Witbank the consequent credit once the details of these events could be made known. The town has grown since then from a farming community into a business destination where companies such as Anglo American‚ BHP Billiton‚ Evraz‚ Eskom‚ Exxaro‚ Joy‚ Komatsu‚ the Renova Group‚ SAB Miller‚ SAMANCOR‚ Shanduka Beverages‚ Xstrata and Zenith Inc amongst many others have found substantial returns on their investments. Witbank is located along the railway line linking Pretoria to Maputo and for many years served
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America’s Ten Biggest Corporate Turnarounds By 24/7 Wall St. Corporate turnarounds are almost never engineered by a single person. A CEO who takes a failing company and makes it successful again obviously has help from management‚ a board‚ along with customers and shareholders. The vision for how a company can change and the execution skills to put the vision to work begin with the chief executive. Most large turnarounds have several things in common. First‚ most new CEOs cut staff sharply to
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The Life according to Dr. Kaoru Ishikawa BSOP326 Lee Thompson November 13‚ 2011 The Life according to Dr. Kaoru Ishikawa Dr. Ishikawa`s life goes down in history as a creator‚ author‚ teacher‚ mentor‚ and brother. His definition of quality control was "To practice quality control is to develop‚ design‚ produce and service a quality product which is most economical‚ most useful and always satisfactory to the consumer. To meet this goal‚ everyone in the company must participate
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