Scores of businesses were sold, including central air-conditioning, housewares, coal mining, and eventually even GE’s well known consumer electronics business. • Between 1981 and 1990, GE’s business portfolio changes drastically. GE sold off more than 200 businesses, freeing up more than $11 Billion of capital. In that same timeframe, major acquisitions took place, investing more than $21 billion. • Welch’s insistence that GE become more lean and agile resulted in a highly disciplined destaffing process aimed at all large headquarters groups.
5. In Note 7, Harnischfeger describes the effect of LIFO inventory liquidation on its reported profits in 1984. Describe what is meant by LIFO liquidation and how liquidation affects a company’s income statement and balance sheet. The LIFO liquidation means: A company is using Last In, First Out method for the valuation of inventory.
Case Analysis for “Communicating a Difficult Message: AT&T Restructuring and Downsizing” by Julius Datinguinoo A Case Analysis for “Communicating a Difficult Message: AT&T Restructuring and Downsizing” Assignment 3, Unit 2, Organizational Behavior Robert Kennedy College Presented by Julius Datinguinoo on 4 June 2009 I. Analysis AT&T’s Chairman & CEO Robert Allen, and Director of Public Relations Adele Ambrose are ‘change agents’. They are both ‘responsible for managing change activities’ (Robbins & Judge, 2009:621) during the company’s restructuring and downsizing which started in 1995. ‘More than a decade after breaking up the Bell System to settle a Federal antitrust suit’ (Lander, 1995), Robert Allen aggressively sought to undertake a turnaround of the organization by, among other things, leading the strategic restructuring of AT&T that would see the giant company split into three separate publicly traded, global companies. He proposed that the new companies would focus on different core businesses – network communication, communication equipment, and transaction-intensive computing.
Citigroup was ranked 20th by Fortune 500 ranking of America largest corporations. In 2012 the company has profits of over $11 billion, which was up from $10.6 billion in 2010 (Citigroup, n.d.). The company is traded on the NYSE (New York Stock Exchange) under the symbol C and in 2012 celebrated its 200th anniversary (Citigroup, n.d.). Citigroup is a the world leader when it comes to financial services and has over 260,000 employees, 16,000 offices worldwide and does business in over 140 countries (Citigroup, n.d.). The company is still recovering from the hit it took during the financial
Background Ricardo Semler took over Semco from his father in 1980. At that time, Semco had only about 100 employees and only manufactured a small range of things that only brought in revenue of about $4 million (Semler, 1989). In danger of the company going under, Semler had to take some risks. It took about two years, but Semco was finally back on its feet. Semler believes that they survived because of hard work and luck.
Today the chain has over 34,000 restaurants in 119 different countries from around the world and serving an estimated 69 million customers every day. Some of these restaurants operate under the direct management of McDonald’s s but most of them operate as franchise (80%) or affiliates. McDonald’s earns revenue from the affiliates and franchises through royalties, rent and fees. In 2013 the Corporation
Teletech’ telecommunications services segment provided basically every kind of telephone service to more than 7 million customers in the United States. By the end of 1995, revenues for this market segment reached $11.4 billion, and while expansion into further ventures occurred, so did the capital budget, which varied
TEACHING NOTE 19: SAATCHI & SAATCHI WORLDWIDE Case and Teaching Note by Ron Meyer Case Synopsis In 1986 Saatchi & Saatchi became the largest advertising agency group in the world. The corporation also owned a sprawling portfolio of communication services companies and consulting firms. Its share prices had skyrocketed from £25 in 1980 to more than £500 by 1987. Boldly Charles and Maurice Saatchi attempted to acquire two British banks, but at this point the company started to unravel. Within three years the company was at the brink of insolvency and Saatchi & Saatchi's entire strategy was being reevaluated.
COMPANY ANALYSIS 4.1 SWOT Analysis 6 4.1.1 Strengths 6 4.1.2 Weaknesses 6 4.1.3 Opportunities 7 4.1.4 Threats 7 4.1.5 Conclusions from SWOT analysis 7 5. FINANCIAL ANALYSIS 7 6. CONCLUSIONS 8 7. RECOMMENDATIONS 8 APPENDICES 1 – 4 9-12 1. INTRODUCTION 1.1 Report Purpose This report will evaluate the management strategies utilised by Nucor Corporation in competing against low cost steel imports in the highly competitive US steel industry.
At its Stock Exchange flotation Northern Rock distributed shares to members with savings accounts and mortgage loans. It joined the stock exchange as a minor bank and was expected to be taken over by one of its larger rivals, but it remained independent. In 2000, Northern Rock gained promotion to the FTSE 100 Index, but was demoted back to the FTSE 250 in December 2007 and later suspended from the LSE due to the bank's nationalization. 2 Market Position before the crisis As said before, Northern Rock was originally a building society which demutualized in October 1997 and became a public limited company. This status change marked a radical change in the company’s strategy.