Preview

Foster Electric 20 Years of Reform and Leadership

Better Essays
Open Document
Open Document
2140 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Foster Electric 20 Years of Reform and Leadership
Foster Electric
20 Years of Reform and Leadership
(October 2013) Foster Electric is presently approaching its greater growth period in its 65 year history. For Fiscal year ending in March 2014, sales are expected to be a record 159 billion yen with profits of 4.8 billion yen. However, the path to achieving these stellar results has not been easy. Harsh times have included the bursting of the economic bubble in Japan, severe cost competition, and other impediments. The question becomes what enabled Foster to overcome these adversities. Was it globalization and successful cost reductions? Was it strong leadership within the company? Or, a combination of both or something else? Can Foster continue to be a winner in the face of stiff competition from Chinese and Korean competitors? If so, how? There is great interest among stakeholders regarding Foster’s future direction.
Foster Electric (Founding to early 1990) Foster today is an OEM (Original Equipment Manufacturer) of loudspeakers and audio equipment. It began in June of 1949 in the Shibuya district of Tokyo where Mr. S.
Nishimura and Mr. H. Shinohara established the Shinano Onkyo Institute to manufacture speakers. In the 1950’s, Foster’s (still Shinano Onkyo) reputation for its technical abilities shot higher as Foster manufactured speakers for transistor radios which were being mass produced at the time, especially the Sony TR-55. In 1962, production began on microphones and earphones. In May of the same year, Foster listed on the Second Section of the Tokyo Stock Exchange. In 1963, Foster began production of circuits for 8 transistor radios and of headphones the following year (1964), solidly establishing Foster as an OEM manufacturer. Concentrating on the production of speakers, microphones, earphones, headphones and circuit products, Foster enjoyed steady growth in sales from the 1960’s through the 1980’s. Business with GM especially

You May Also Find These Documents Helpful

  • Better Essays

    Gbt1 Task 3 Summary

    • 4026 Words
    • 17 Pages

    Sales: The first budget item I want to focus on are sales forecasted for year nine which are $5,247,450. Let’s review sales from prior years. Sales for years six were $4,485,000, an increase by 33.3 percent to $5,980,000 in year seven. Between years seven and eight, sales dropped 15 percent to $5,083,000.…

    • 4026 Words
    • 17 Pages
    Better Essays
  • Good Essays

    BUS 640 Week 4 Problems

    • 718 Words
    • 3 Pages

    (iii) Do you expect this profit level to continue in subsequent years? Why or why not?…

    • 718 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Accourding to GaleGroup since year 1991 when the company started their Revenue has been exponentially increasing. The first year the revenue was $190,000,000, while ten yen years later it was $1,987,300,000 and 2013’s revenue was $7,394,500,000.…

    • 815 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Foster is currently sidelined with a groin injury sustained at the beginning of training camp. The injury required surgery and initial reports had him returning perhaps around week 6. Recent reports show he is recovery quicker than previously expected, which makes the possibility of returning a couple of weeks sooner realistic.…

    • 642 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Here are some options for the company to take to achieve their $1million net profit before tax are as followed:-…

    • 454 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Year 14 REVENUE: Net Sales Cost of Goods Sold Gross Profit 7,357,700 5,118,400 2,239,300 Year 13 6,697,600 4,659,200 2,038,400 Year 12 6,552,700 4,558,400 1,994,300 Years 14 and 13 Change % Inc (Dec) 660,100 9.86% 459,200 9.86% 200,900 9.86%…

    • 4548 Words
    • 19 Pages
    Satisfactory Essays
  • Good Essays

    Total sales | $ 39,720,000 | $ 42,620,000 | $ 45,520,000 | $ 38,560,000 |…

    • 991 Words
    • 4 Pages
    Good Essays
  • Good Essays

    2015 financial highlights. (n.d.). In fiscal year 2015, we grew sales for the sixth consecutive year, with positive sales growth in all three U.S. Divisions, Canada and Mexico. Comparable store sales were up 5.6 percent; total sales were up 6.4 percent; and diluted earnings per share were up 15.9 percent. In the U.S., comparable store sales were 7.1 percent. - See more at: http://www.homedepotar.com/highlights.html#sthash.GBqkDI5D.dpuf…

    • 418 Words
    • 2 Pages
    Good Essays
  • Better Essays

    DEERE AND COMPANY CASE

    • 1058 Words
    • 4 Pages

    1. How can the company achieve its goal, which is to gain $50 billion in mid-cycle sales by 2018 and 12% mid-cycle operating margins by 2014?;…

    • 1058 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Case 8 - Sick Leave

    • 3739 Words
    • 13 Pages

    Goldfinger, G. and Greenleaf, R. 2000. Doing Business in Japan, New Jersey, Princeton Training Press.…

    • 3739 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Herman Case

    • 7823 Words
    • 45 Pages

    flourish and grow? How far and how fast might the company be able to push its annual revenues above the…

    • 7823 Words
    • 45 Pages
    Better Essays
  • Good Essays

    Markstrat Final Report

    • 2968 Words
    • 9 Pages

    Firm E performed very well during the 8 periods we were in control. During those periods we grew the company’s contribution margin from $14.2 million dollars up to $70 million dollars and oversaw a stock price increase of over 170%. During this period we managed a maximum of 5 brands. Three of these five brands are making substantial profits totaling $75.7 million in the 8th period. The other two brands were targeted at the emerging Vodite market and although they are not currently seeing a profit, projections show they are on track to see profits within the next 2 periods (Exhibit #: chart showing Vodite sales)…

    • 2968 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Caprica Energy

    • 386 Words
    • 2 Pages

    we had sales of more than $4.6 billion, net profits of more than $160 million, and a market…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    sales in the first week alone, and a projection of $600 million in 2014. This can provide…

    • 2178 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    In 1906 Lee DeForest announced the development of the first three-element vacuum-tube detector in The Audion: A New Receiver for Wireless Telegraphy, from the Scientific American Supplement. The original Audion was capable of slightly amplifying received signals, but at this stage could not be used for more advanced applications, such as radio transmitters. The inefficient design of the original Audion meant it was initially of little value to radio, and due to its high cost and short life it was rarely used. In fact, in the 1909 edition of Operator's Wireless Telegraph and Telephone Hand-book, Victor H. Laughter's review of the Audion, while noting how sensitive the device was as a receiver, also stated "it is doubtful if it will ever come into wide use, owing to the difficulty in manufacture and short life". The Audion did have a strong allure for teenage experimenters, however. Its imperfect evacuation meant that, like a neon tube, it often glowed an enchanting blue or violet when in use, with the shade varying in response changes in signal strength. And then the filament would burn out. Years later, in the September, 1926 issue of Radio Broadcast magazine, Carl Dreher reminisced in Memoirs of a Radio Engineer about the enticing but frustrating early devices -- "Flung into deepest despair by the demise of a beloved tube, or the failure of a new one which never worked at all, the audion speculator would save up his pennies and plunge again."…

    • 627 Words
    • 2 Pages
    Good Essays

Related Topics