In 1897 John K. Stewart and Thomas Clark incorporated their Chicago Flexible Shaft Company‚ which made horse trimming and sheep shearing machinery.[4] In 1910 the company produced its first Sunbeam branded household appliance‚ the Princess Electric Iron. The company did not officially change its name to Sunbeam until 1946.[5] In 1928‚ the company’s head designer‚ Swedish immigrant Ivar Jepson‚ invented the Mixmaster mixer. Introduced in 1930‚ it was the first mechanical mixer with two detachable
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End of Book Case Studies 16/7/03 3:16 PM Page 642 end-of-book End-of-book: Case studies Q 643 case studies 19 Think design and performance— think Sunbeam Café Series Nicole Stegemann‚ School of Management and International Business‚ University of Western Sydney The history of Sunbeam dates back to 1883 in Chicago‚ Illinois‚ when T J Clark and J K Stewart formed a partnership to manufacture clipping and grooming machinery for horses‚ later expanding into sheep-shearing equipment. The Chicago
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1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? First‚ after Al Dunlap was hired‚ Dunlap wanted to surround himself with loyal executives‚ such as Mr. Kersh‚ and fired the existing senior managers. This strategy make Dunlap easily get consensus for his points. Second‚ his immediate strategy was to aggressively cut the costs by eliminating excessive staffs
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1. The changes made by Al Dunlap gave him the ability to gain stronger control over the future of Sunbeam. His goal was to double revenue and dramatically improve operating margins‚ and he put in place a number of measures to achieve it. Let’s analyze each of these measures individually: a) Replacing Senior Management team: Dunlap fired the entire existing Senior Management team and brought on people from his previous company‚ Scott Paper. Given their history of working together closely‚ this
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1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? Following are the changes that Al Dunlap initiated after being hired by Sunbeam Inc and the probable opportunities that Dunlap used to manage earnings: Fired the existing set of senior managers of Sunbeam and appointed his close friends and lieutenants in those positions. Opportunity: Picked a close set of
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Sunbeam was a company originated in Chicago started off with manufacturing electrical appliances in 1910. Over 50 years‚ Sunbeam had produced different products from a food mixer to an electric blanket. The company acquired their rivalry company- Oster Company in 1960. However‚ the company turned over into different hands. In 1981‚ Sunbeam was acquired by Allegheny International‚ but it went bankruptcy 7 years later. Paul Kazarian and two other partners bought Sunbeam company from Allegheny International’s
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out his tenure at Sunbeam‚Al Dunlap’s advocated profit by firing many employees and shutting down many factories.If we look at it in the short term ‚this approach seems very attractive as it brings in quick short term gains.In the long term ‚however‚ such a decision would not ensure the sustainability of the company. Profitability and responsibility can and should be combined in an ideal world‚ however it is clear that they are at least partially contradictory. Shareholder pressure should not force
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Business Case Studies – January/February 2010 Volume 6‚ Number 1 Sunbeam Corporation: A Forensic Analysis Patricia Hatfield‚ Ph.D.‚ Bradley University‚ USA Shelly Webb‚ Ph. D.‚ Xavier University‚ USA ABSTRACT The members of the Board of Directors at Sunbeam were completely bewildered. Al Dunlap‚ Sunbeam’s highly successful but controversial CEO was threatening to resign after almost two years of leading Sunbeam successfully out of a slump that had threatened the long-term viability
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DEPARTMENT OF ACCOUNTANCY UNIVERSITY OF ILLINOIS MEMORANDUM DATE: September 14‚ 2011 SUBJECT: Al Dunlap at Sunbeam analysis Introduction This memo will reflect on and analyze the decisions of the Sunbeam Board of Directors during Albert Dunlap’s tenure as CEO. This analysis will include an overview of Sunbeam’s goals‚ evaluation of 1996 – 1997 and 1998 compensation package‚ assessment of the firing decision by BOD and the overall governance of the BOD. Sunbeam’s Goals Dunlap is famous
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Analysis Company Sunbeam has offered innovative products to household families for over 100 years and is a publicly traded company. In 1910 Sunbeam introduced their first iron. In 1930 Sunbeam introduced the Mixmaster stand mixer. The mix master stand mixer became the single most popular small kitchen appliance in the country. In 1998‚ the US Postal Service dedicated a stamp in honor of the famous Mixmaster as one of the country’s greatest innovations. Sunbeam has been known for these and
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