Preview

The Goal

Good Essays
Open Document
Open Document
1751 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Goal
CASE STUDY 5 – WAINWRIGHT INDUSTRIES: AN ENTIRELY NEW PHILOSOPHY OF BUSINESS BASED ON CUSTOMER

Wainwright Industries is a manufacurer of stamped and machine parts, which provides high quality products and services for the world’s leading automotive and aerospace. Their dedication to quality and consistently supplying customized customer solutions and their exceptional experience, last for more than half a century for which they win both the satisfaction of the customers and the Company the Malcolm Baldrige National Quality Award. Their worldwide customers benefit qualitative metal stamping, machining and logistics services due to company’s modern and specialized machinery together with the great job done by a team of experienced “designers, engineers, skilled tradesmen and quality-oriented associates whose focus is on exceeding our customers' expectations”. Having a total annual sales of about 30 million dolars, the company employs 275 associates at its headquarters and main manufacturing facility in St. Peters, Mo., and at a recently opened plant in Grand Prairie, Texas.

In 1980, Wainwright Industries faced a crisis. This was possible because of the fierce competition and the intensified customer control. Therefore, the company found itself in a position of re-designing its structure in order to face this challenge. The only solution to maintain its position on the market and to keep its customers loyal was to re-judge their capabilities and to understand what improvements they should make to be competitive on the long run. The radical changes that came after this crisis help them to remain an important actor in the economy, otherwise their position would have surely decline and would have lead probably to bankruptcy.

What was very clear for the Wainwright Industries was their considerable need for improvement, because minor changes would have only helped them for a short period.
From that moment, Wainwright was constantly looking for ways to

You May Also Find These Documents Helpful

  • Powerful Essays

    Hsa 505 Assignment 3

    • 2334 Words
    • 10 Pages

    In any kind of business, a customer is always considered as the greatest asset. No business can survive without customers. This is the reason why businesses, organisations and companies must ensure that they win the attention of their customer through the use of customer satisfaction strategies. There are many different ways in which customers can be attracted and retained. One of the most common ways is through offering goods and services which are of high quality to the customers. Customers are always on the lookout for business persons who can offer them value for their money.…

    • 2334 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    * Survey conducted in late 1970’s indicated that manufacture reputation, machine performance, and dealer capability were the most important criteria when making a purchase (p.3, ¶4)…

    • 553 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Whittner, D. (2010). Setting Strategy around Customers Needs. Retrieved From the University Of Phoenix Library Research Website.…

    • 713 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Sweet Dreams Inn

    • 515 Words
    • 3 Pages

    David Bowie and Francis Buttle (2004) stated that “to achieve superior business performance companies need to identify what customer needs and wants are, and to satisfy them better than competitors”, that is adopt a market orientation. This ay of doing business focuses on creating relationships with customers and striving to maintain them long-term. It also avoids price competition because it is believed that cost is a secondary concern to level of service.…

    • 515 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Gauli

    • 1095 Words
    • 5 Pages

    Ignorance of customer behavior is the greatest strategic risk facing businesses today. Every day they vote with their time, with their word of mouth, with their money and with their allegiance, for the business designs that best serve their evolving priorities. The results of their shifting decisions are value creation and value destruction. Customers determine profits.…

    • 1095 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Assignments

    • 841 Words
    • 5 Pages

    Offer suggestions for how the company might become more customer centric based on the key customer-centric…

    • 841 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    The Goal- Summary

    • 1385 Words
    • 6 Pages

    The book tells us the story of a plant manager, Alex Rogo, who is trying to save his plant, at least show some improvements within 90 days to keep it open. Alex 's primary problem is that his plant can not consistently get a quality product out of the plant on time at the cost that can beat the competition. His plant is losing money and if he cannot make it profitable, the management eventually will decide to close the plant. In his fight to save his plant, a physician, Jonah, helps him in achieving his objectives.…

    • 1385 Words
    • 6 Pages
    Good Essays
  • Good Essays

    THE GOAL

    • 1351 Words
    • 6 Pages

    The book tells us the story of a plant manager, Alex Rogo, who is trying to save his plant, at least show some improvements within 90 days to keep it open. Alex's primary problem is that his plant can not consistently get a quality product out of the plant on time at the cost that can beat the competition. His plant is losing money and if he cannot make it profitable, the management eventually will decide to close the plant. In his fight to save his plant, a physician, Jonah, helps him in achieving his objectives.…

    • 1351 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Hospice Site Orientation

    • 433 Words
    • 2 Pages

    We serve our customers - by being responsive, innovative, and by improving the quality of life.…

    • 433 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    * Plant Quality Engineers were responsible for making sure that Metalcraft received high quality and defect free parts. This is important to ensure that Metalcraft is providing the automotive suppliers with the zero-defect parts they require…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Summary: Richard Sullivan, recently appointed vice president in the Heavy Equipment Division (HED) of the Automotive Supplier Group of the Wriston Manufacturing Corporation, scrutinized one more time the P&L forecast for the Detroit plant – part of the lengthy report on the future of the plant which had been prepared by a task force Sullivan had appointed six months earlier. He saw three major alternatives: close the plant as soon as possible and transfer its products to other plants, invest in plant tooling in an attempt to develop a viable operation for at least the next 5- to 10-year period, or build a new plant. In my opinion, I would choose to close the plant and transfer its products to other plants.…

    • 935 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Goal

    • 291 Words
    • 2 Pages

    1. Main point #1: The first main point throughout chapters 1-16 is handling a bottleneck crisis. Bottleneck is the point where the flow of data within a manufacturing process has come to a halt. It deals with the handling certain constraints that are becoming hazardous to your production. Having the bottleneck effect has a tremendous impact the flow of your data and its current flow cycle. Bottleneck decreases the productivity which is extremely important within regards to the company being profitable and successful.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Kraft Foods

    • 477 Words
    • 2 Pages

    This case permits students to examine the forces of change that were reshaping the business environment for companies in the food manufacturing industry in the twenty-first century. The case also illustrates the pressures that powerful customers (such as Wal-Mart) can have on industry profitability and the strategic choices of industry firms. Students are also challenged to recognize the limits of cost-cutting strategies in turning around underperforming companies. With a focus on corporate level strategies, the case enables students to develop and evaluate turnaround strategies for Kraft. This case was developed for use in undergraduate and graduate strategic management courses. The case may also be utilized in graduate marketing policies courses to discuss marketing strategies of product line extensions versus development of new product lines.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Sbbwu

    • 674 Words
    • 3 Pages

    Whether you are a “one-man band” or a large organization, your customers are why you are in business. By having clarity on the customer segments, the customer needs, and the potential profitability of each segment, you can choose more effective segments to serve for a more sustainable business.…

    • 674 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Massey Ferguson

    • 530 Words
    • 3 Pages

    Massey’s market strategy was to grow and they achieved the growth due to large amounts of debt for the ventures that sometimes fell outside the core of the company’s business. Within the product market, Massey faced a lot of currency fluctuations that made the operation complicated. Also the lack of alignment between production sites made it very difficult to operate.…

    • 530 Words
    • 3 Pages
    Good Essays