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Illinois Tool Works Assessment

In: Business and Management

Submitted By tamahphlipot
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Final Project MBA 5001 - Illinois Tool Works

Final Project MBA 5001 - Illinois Tool Works As stated in part one of the MBA 5001 final project, Illinois Tool Works (ITW) is a diversified manufacturing company headquartered in Glenview, Illinois. It specializes in designing and manufacturing a wide range of engineered products and specialty systems. Many of the 65,000 employees have specialized engineering or scientific expertise which has helped elevate ITW to being a global leader in the area of innovative thinking and patents. ITW’s current patents and pending patents exceeds
21,000. The business operations of ITW are organized into seven categories: Industrial
Packaging, Power Systems and Electronics, Transportation, Food Equipment,
Construction Products, Polymers and Fluids, and All Other. In part two of the final project I will be exploring the impact of six indexes and measurements on sales at Illinois Tool Works. These indexes and measurements are;
Gross Domestic Product, Unemployment Rate, Consumer Price Index, Producer Price
Index, S & P 500, NASDAQ. Although ITW is a globally functioning company with approximately 50% of the company’s total revenues coming from outside the United
States, for the purpose of this paper I am focusing on the U.S. measurements and indexes and their impact on ITW’s total sales. It would take expansive research to provide information on the indexes and measurements from all 54 counties that currently house ITW’s business units. I have also collected data from the above indexes and measures and will present a multivariate regression explaining how the indicators impact sales. In the final part of this paper I have chosen two sources of economic forecast indicators and will explain what the forecast means for ITW.
Indexes and Measurement Impact
Gross...

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