The Haier Group The Company Haier Group started in 1984 manufacturing and selling refrigerators to the Chinese market. Under the leadership of Zhang Ruimin‚ Haier’s CEO grew a collective run factory into a global multi-national with over $12 billion USD in global sales. Haier produces a wide range of household electrical appliances‚ 15‚100 varieties of items in 96 product categories‚ and exports products to over 100 countries including Wal-Mart and Target. In just 20 years‚ Haier became the
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Whirlpool Legal Responsibility The legal responsibility component of the Corporate Social Responsibility (CSR) definition is an expected responsibility. Whirlpool is expected to obey laws and regulations that affect their stakeholders: employees‚ consumers‚ owners‚ community‚ and others. The official company statement in regards to the basic code of conduct is “There is no right way to do a wrong thing.” (Whirlpool Corporation‚ 2006) To begin with‚ Whirlpool has an established and published Code
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In 1992 a joint venture was established between the European subsidiary of Whirlpool Corporation‚ Whirlpool Europe B.V and the Slovak company Tatramat in the former Czechoslovakia. The new company of the joint venture was called Whirlpool Tatramat. This strategic alliance was the result of both internal and external environment problems that both companies were facing at the time. Whirlpool Corporation is a leading global manufacturer and marketer of major appliances and related products for
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enterprise‚ with more than 80‚000 employees and over 60 manufacturing and technology research centers worldwide. In 2006‚ Whirlpool made an aggressive move to strengthen its increasingly competitive global home-appliance industry by acquiring the Maytag Corporation for $2.7 billion. This move made Whirlpool the world’s leading manufacturer and marketer of major home appliances‚ with annual sales of approximately $20 billion. However‚ Whirlpool is facing significant economic challenges. The US
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Inventory network Administration‚ Enhanced Client Introduction‚ and Globalization of Business Operations. Whirlpool is the business pioneer in the assembling and advertising of home machines. Whirlpool is a worldwide organization and markets Whirlpool‚ Maytag‚ Kitchen Support‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Delegate and other significant brand names in more than 170 nations around the globe. Whirlpool is an organization that makes inventive arrangements and items to address customer needs. Focused
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Target Market Segmentation‚ Positioning Designed and developed in Europe‚ GREENKITCHEN is a Kitchen Eco-system concept. It supports a strategy to develop cutting edge products within technological reach that offer high energy-efficiency and reduce impact on the environment. Inspired by nature‚ GREENKITCHEN seeks out ways to adapt‚ reduce and recycle; using only what is needed for each task. It reduces waste that negatively impacts the environment‚ optimizing resources and imitating the cycles
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Note: Attempt all the Question‚ All the questions carry equal marks‚ CASE 1 The Santek Images Business Unit Consolidated Products is a $21 billion company headquartered in Atlanta‚ Georgia. The company’s five business units‚ which offer a wide array of products and services‚ are the result of an aggressive strategy of mergers and acquisitions starting in the late 1980s. The corporate staff is surprisingly small‚ comprised of general management
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During the period from 1997 to 2001 Maytag is making money .However‚ it seem to have a little fluctuation go up and then go down. 1999 was the best year for the company. Also there is a sign of danger because from the mid of 1998 to 2001 the company had increase its sale but there profit went down but that could be acceptable because they have expanded and improved their business . In term of liquidity Maytag was doing just good enough to pay its bills when they came due because its current and
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In 2005‚ sales at appliance manufacturer Maytag were suffering due to a combination of rising material and labor costs‚ increasing competition‚ and a decreasing market share. When Maytag received a takeover bid from a private US investment group‚ they opened up the bidding to other offers. One of the companies considering a bid was China ’s largest home appliance maker‚ Haier. Pros: Cons: Chinese government policy encouraged its large companies to acquire overseas brands and combine them into
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Earnings from Maytag neighboring businesses 110 Less: earnings from Aga sale 49 Less: earnings from Dixie-Narco sale 46 Extra earnings from purchases of other Maytag parts 15 The figure is acquired by deducting the number of cash acquired from the purchases of Aga Sales and Dixie-Narco which was $49 and $46 million separately from the Proceeds acquired from Maytag adjoining organizations which were $110 million. Purchase of organizations‚ less money procured 797 Less: Earnings from Maytag adjoining
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