Future & Forecasting Essay Example | Topics and Well Written Essays - 1250 words

Future & Forecasting - Essay ExampleFour companies under analysis, swart and Decker, Makita, Bosch, Porter Cable, are direct competitors participating in the power whoreson market. Competitiveness foundations are the set of macroeconomic, policy, and infrastructure variables that determine an economys long-term dynamic competitiveness. Economists acknowledge the critical influence of government policies on economic efficiency and growth. sorry and Decker is a leading company faced by strong competition and market fluctuations. On the line of descent level, fateful and Decker has followed sourcing and encyclopedisms strategies which help the company to compete and grow. Black and Decker undertook three initiatives it diversified its products, often through acquisition, into other related products and services it diversified geographically and it began an intensive R & D program to find a suitable raw materials to replace old technology. On the corporate level, the aims are to ac hieve global leadership and enter Asian markets. On the business level, Black and Decker implements inventory rightsizing strategy and specific value-chain strategic design. Innovations are the main tool used by the company to grow and penetrate new markets, primarily Asian and Latin countries. On the functional level, the company uses multi-echelon inventory optimization and improves its safety-stock levels. Economists argue that competitiveness foundations are correlated positively with economic growth. The case of Black and Decker shows that rock-bottom inventory investment allows the company to obtain stable market position and increase productivity. On the functional level, the company created a strong brand clear and customer loyalty appealing with unique value proposition to diverse customer groups (www.blackanddecer.com). Makita, a Japanese-based company, is a leader in four segments portable public purpose tools, woodworking tools, stationary woodworking machines, and o ther woodworking items. On the functional level, the company introduces products able to meet the diverse requirements of target audience. On the operational level, Makita use special scheduling and cost reduction methods which help the company to save costs and deliver products faster and easier. Makita is a low-cost producer. On the business level, Makita follows a standardized approach. It produces standardized power tools for world consumers. For an established business it is helpful to identify the stage of development that the business has reached and recognize that it is a draw in the development process. Decisions can then be taken to remain at that stage (if relevant) or seek to move on. On the corporate level, Makita follows acquisition strategy as the main tool to reach global markets and penetrate European countries. For instance, strategic alliance with Nailer Business of Kanematsu-NNK