Fastest growing consumer product categories with annual growth of 6-8% US $8 billion market in 2004…
According to the textbook, I would characterize the large household appliance industry and market have great potential and opportunistic revenues; especially, in the developing countries such as China, India, and Southeast Asia areas with great portion of population do not own any or very few of these appliances; moreover, the population of these countries is very large; for example China population about 1.35 billion, India about 1.15 billion that had supported by the industry analysts about their findings of the great opportunity for the industry sale as many or greater as North American and Western European consumers because the combination of two great factors--large population and low saturation level owning home appliances; in point of evidence, China is leading in the quantities of selling refrigerators (Kerin & Peterson, 2010). Any how, the market is showing great opportunity so is the competitiveness; there are many monster home appliances producers such as Matsushita Electric Industrial, Haier, and Whirlpool etc....…
This paper will discuss the business chosen for the assignment. A mission statement will be developed, setting the business apart from others in the same or similar market. The vision statement will also made, discussing the direction the business wants to take in the future. Other topics such as, principles or values will be discussed. Concluding the paper will analyze the mission and vision statement, and values in guiding the business in a strategic direction. Followed by an evaluation of customers need in giving the competitive advantages.…
the business strategy to succeed in the industry. The report is divided in questions that…
Hill’s AutomotiveInc., is an aftermarket producer and distributor of automotive replacement parts. The business slowly expanded which began as a supplier of hard-to-get auto air-conditioning units for classic cars and hot rods. The firm has limited manufacturing capability but a state-of-the-art MRP system and extensive inventory and assembly facilities. Components are purchased, assembled and repackaged. Profits have fallen considerably. In addition, the customer service level has declined, with late deliveries now exceeding 25% of orders. And to make matters worse, customer returns have been rising at a rate of 3% per month.…
Porter’s Five Forces Model of Industry Competition: 1.Threat of new entrants: –Profits of established firms in the industry may be eroded by new competitors – High entry barriers lead to low threat of new entries –Economies of scale –Product differentiation –Capital requirements –Switching costs –Access to distribution channels –Cost disadvantages independent of scale. 2.The bargaining power of buyers: –Force down prices –Bargain for higher quality or more services–Play competitors against each other• A buyer group is powerful when –purchases…
Clayton Industries, a business based on sales of window mounted air conditioning units sold in residential and small commercial units, was formed in 1938 in Milwaukee, WI. In the 1980's, the company decided to expand into commercial operations in North America and saw an opportunity for growth in the European market. It achieved this growth through the acquisition of four other companies, including Corliss - a company that manufactured HVAC units and AeroPuro - an Italian manufacturer of compression chillers. Clayton did an organization restructure in order to accommodate the global expansion and developed a new entity, Clayton Europe,…
A consolidated industry with less than 10 companies controlling 50% of the total market. Slow growth pace hence making competition tougher Three major segments: Low price, Mid price, Very high price Major players:Electrolux,G.E,Maytag,Whirlpool etc.…
• First, let us group the industries – several groups with broadly similar attributes : • Financial Industry…
Not having air conditioning on a really hot, humid summer day can not only be uncomfortable, but for elderly individuals, it can be deadly as well. If your elderly parents live with you, and your air conditioning is broken, you need to make sure that your parents stay cool and hydrated. Your elderly parents will not be able to handle the heat as well as you can. Here are a few ways to keep your elderly parents cool until your air conditioning is up and running again.…
End use markets: 6 major markets – original equipment manufacturing, industrial maintenance, repair and overhaul, automobile manufacture, auto repair, auto body repair and consumer…
Industry information: Retail , Toys and Games Retail, Apparel and accessories, Home furnishing and house ware retail, sporting and recreational equipment.…
Sometimes the managers need to take other external factors into their consideration not only the intensity of rivalry between existing competitors, the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, and the threat of substitutes. In order to make this Porter’s Five Forces Model complete or perfect, the managers should combine this model with other external models such as the PEST model, the Porter Diamond, competitive generic strategies, the industry life cycle and any other external factors models which will give the a very detailed overview the threats and opportunities of an…
But before that lets looks at the consumer durable market, the consumer durable market consists of products from watches to fans. With the help of the below mentioned data we can understand the penetration and reach of a consumer durable like refrigerator in comparison to a product like Television Set, car, bike or Grinder.…
growing economy with a huge consumer class has resulted in consumer durables as one of the…