Case 1: Strong Tie Ltd. Background Located in Winnipeg‚ Minnesota‚ Strong Tie Ltd. is a family–owned corporation that is still owned by the Johnstone family. Strong Tie Ltd. designs and makes custom structural connectors. These connectors are used to reinforce wood joints in the construction of houses‚ fences‚ and other edifices. Strong Tie Ltd. has been a major leader in this industry‚ however there is growing competition from low-wage countries such as China. They previously had a market share
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Strong Tie Ltd. This case is about the decision to hire a consultant to provide an analysis of the company’s performance and to provide suggestions on future actions. Strong Tie Ltd.‚ located in Winnipeg Manitoba‚ manufactured connectors to be used to reinforce wood joints. Bill Johnstone created this company to capitalize on the high demand for the housing market. After his death‚ the family owned business was passed on to his son‚ who ran the business along with his daughters. Strong Tie Ltd. made
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2/11/13 Cases Monday 7-10pm Strong Tie Ltd. Case From the first scenario‚ I can conclude that Strong Tie Ltd is in terrible financial shape because of three straight years of negative CATO between 2010-2012. I used the growth rate calculated between the years 2006 to 2007 and the total was 7.72%. It increased by 1% for every year thereafter. But with an increasing working capital and variable costs‚ the increase in sales growth is not enough for Strong Tie to produce enough free cash flow
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Strong Tie Ltd. a family-owned manufacturing tool producer has managed to maintain stable sales numbers throughout recent years even while the Housing market as a whole was on a negative trend. While this should translate into higher profit margins‚ the exact opposite trend has occurred. The solution to Strong Tie’s financial problems is an increase in prices of goods and salary cuts. Beginning in 2006 where Strong Tie has Sales of 16.2 million‚ the company maintained healthy sales between the
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Strong Tie LTD. This case study is about a manufacturing company that designs‚ customize‚ and manufacture connector that are used to reinforce wood joins for construction purposes. The company has a good reputation in the industry and among construction professional for its customized products‚ and is consider one of the leading companies in the industry by enjoying a 60 per cent market share‚ which had fallen from 70 per cent in recent years; however‚ since 2006 to 2008‚ the company has seen
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Case Summary 1. Strong Tie Ltd.‚ located in Winnipeg‚ Manitoba. 2. Manufacturers of customized structural connectors used in construction. 3. Family owned corporation found in 1946 by Bill Johnstone. 4. After the death of Bill Johnstone in 1975‚ his son David (CEO) took over the business with his three daughters‚ Ellen (product design and production)‚ Elizabeth (marketing‚ sales and distribution) and Audrey (company’s finance). 5. Pillar for Winnipeg business community 6. Product designed based on
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1. Introduction This report provides analysis on the recent performance of Strong Tie Ltd. (STL) and provides suggestions for the management on the future actions. 2. Problem Macro environment negatively affected sales from the start of the recession in late 2007‚ putting downward pressure on demand in the U.S. The company’s sales declined by 5.44% in 2008‚ which resulted in 3 year CAGR of 0.92%. Additionally‚ surge of global steel prices‚ which more than doubled over the past two years‚ and aggressive
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to tie a tie Specific Purpose: To demonstrate how to tie a Windsor knot. Introduction I. Hi‚ I’m Precious Brown‚ I will be showing you how to tie a tie. You would think tying a tie would be simple from a demonstration but it can actually be a little complicated. It can get frustrating after failed attempts‚ but really it is only a matter of practice. If you go online‚ then go to youtube.com and search how to tie a tie you will come across a quick tutorial explaining‚ step by step how to tie a tie
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how to tie a tie. Yes‚ I learned one of the manliest skills from my sister. Throughout my speech I will tell you the history of the necktie‚ the different styles of knots you can make‚ and finally demonstrate the small knot. Most people who do not wear a tie very often may think that wearing one is so simple. However‚ there are many obstacles that factor in to tying a tie. There are different types of shirts‚ different types of fabrics‚ and of course‚ many different ways to tie a tie. According
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How to Tie a Tie There are many different ways you can prepare for a job interview. The most crucial part of preparing for a job interview is dressing for success. The goal of dressing for success is making a strong first impression. You want the interviewer to instantly like you and think about you for hours or even days after the interview. In this segment‚ I will be giving you instructions on how to tie a tie for your interview. If you follow my steps‚ you will learn how to tie the perfect
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