Owens-Corning Case Study Table of contents 1. Case Study Questions........................................................................................................... 1 2. Owens-Corning’s Enterprise System Struggle......................................................................1 1. Case Study Questions Read the Owens-Corning Case Study and then consider the following questions: 1. Describe the problems Owens-Corning had with its information systems prior to installing its enterprise
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Overview of the Issue In the scenario given‚ without an alternative‚ OCF probably has to initiate changes in its capital structure to drive off hostile takeover attempts from Wickes. There are a few a ways the capital structure can be changed‚ i) recapitalize by retiring equity with debt (swap)‚ ii) simply assume more debt‚ iii) issue more shares‚ or iv)buy back shares. An under levered firm can increase its debt ratio by borrowing money and buying back stock or paying a super dividend to its stock
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Management Instructor From: Craig Norcross Date: November 28‚ 2012 Subject: Corning Summary Corning was founded in 1851 and quickly became known as an innovator. One of Corning’s first orders came from Thomas Edison for his light bulbs. Over the next 20 years‚ Corning was able to produce glassware that would be used for railroad signals and specialty glassware used for semaphore lenses and lantern globes. Corning also was able to produce glassware that was used for medical supplies such as
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Greek games which started in 776 BC and evolved into the games we know today as the Olympics. Over time‚ many historical events have occurred‚ such as Jesse Owens defying Adolf Hitler at the 1936 Olympics hosted in Germany‚ an unlikely friendship between Luz Long and Jesse Owens‚ and the black power salute in 1968. American athlete Jesse Owens had the choice to take on Hitler and Nazi Germany or boycott Berlin. Of course‚ Jesse accepted going to go the Olympics and blasted his path into history. A shiny
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Question E Strategic Options I would make as CEO Excerpts from Case i. Limit the number of attendees at GSC meetings. Corning should only permit key decision makers‚ employees who have had a long history with the company‚ and those with expertise on the business model being presented‚ to attend. Implementing this would help facilitate open discussion at the meetings as less people would be involved. While a large number of people attend GSC meetings‚ only a few engage in making the decisions. This
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Case Studies Corning Glass Background Corning Glass is a large‚ multinational organization involved in glass and related products with an increasing emphasis on high-value‚ technologically-specialized products‚ many of which are now part of joint-venture programmes and developments. Innovation ‘Claim to Fame’ This firm is another of the ‘100 club’‚ having been founded back in the mid-nineteenth century. It was a pioneer in process innovation enabling high-volume manufacture of glass‚
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Identify and discuss Corning ’s strategic predisposition toward a joint venture with Vitro. Because of long histories of successful joint ventures and had been an innovative leader in foreign alliances for over 73 years‚ Corning ’s strategy of establishing the joint venture relationship with Vitro seems to be a ideal combination and will lead to success. However‚ the joint venture became subject to a series of cultural and other conflicts that began to undermine this vision. According to company
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Corning Incorporated: A Network of Alliances Background Corning Incorporated has established a strong reputation in the specialty glass market. Corning Incorporated helped pioneer the initiative for businesses to incorporated research laboratories in their business operations; and has been a leader in technology-based research for some year. Corning’s initial focus was on the U.S. market but it consistently makes strides to becoming a more international company. One of the major strides Corning
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Corning Incorporated – Reinventing new business model Corning Incorporated is an American manufacturer of glass‚ ceramic‚ and materials for the industrial and scientific applications. It was known as Corning Glass Works in 1875. Its strong commitment to innovation was known as the company’s roots. The company committed between four to six percent of its sales to Research‚ Development‚ and Engineering (RD&E). As of today‚ Corning has been primarily operating from Asia Pacific and North America
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How has innovation been used for driving growth at Corning? What is the role of Houghton family? What are the financial results? Right from the days when Corning developed the bulbs for the electric lights designed by Thomas Edison‚ the firms had maintained a strong dedication to technology and innovation. About 4-6 percent of the annual revenue was set aside for research‚ development and engineering. In the 1990s‚ this figure became 10 percent. There was constant emphasis on R&D efforts. Even during
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