Free Essay

Mitsubishi Heavy Industries

In: Business and Management

Submitted By waajdan
Words 1569
Pages 7
Introduction of Mitsubishi Heavy Industries:-
Mitsubishi Heavy Industries, Ltd., Japan's largest shipbuilding and machinery maker, is a mammoth company involved in an array of industrial concerns. With nearly 150 subsidiaries, Mitsubishi Heavy Industries (MHI) operates in 11 key sectors--Shipbuilding, Nuclear Energy Systems, General Machinery and Components, Paper and Printing Machinery, Steel Structures and Construction, Machinery and Plants, Air-Conditioning and Refrigeration Systems, Machine Tools, Power Systems, Aerospace Systems, and Industrial Machinery--and produces everything from cruise ships and oil tankers, to construction machinery, newsprint machines, turbines, airplanes, gasoline engines, and gear cutting machines. The company also builds nuclear power plants, bridges, and sports stadiums. MHI traces its history back to the latter part of the 19th century, and has demonstrated its ability to withstand periodic downturns in the Japanese economy..MIT operated in more than 35 countries.
Company Vision:-

Introducing Our Creed.
Company Mission:-
For more than a century, Mitsubishi Heavy Industries has been supplying the world with some of its greatest technological innovations, creating symphonic harmony between nations and a more comfortable world for mankind. At the beginning of this new millenium, an exciting new era of challenges and successes lies ahead of us, an aeon in which we will continue to create harmony between men, technology and nature through the utilization of our technological expertise. We will continue to develop new and innovative products, and explore new technologies to ensure that we can all enjoy a better future.
Brand Message:-

Introducing our spirit.
History of Company:- The Mitsubishi company was first established as a shipping firm by Yatarō Iwasaki (1834–1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai . The name Mitsubishi (三菱 consists of two parts: "mitsu" meaning "three" and "hishi" (which becomes "bishi" under rendaku) meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's famous logo. It is also translated as "three diamonds"

Mitsubishi had been established in 1870, two years after the Meiji Restoration, with shipping as its core business. Its diversification was mostly into related fields. It entered into coal-mining to gain the coal needed for ships, bought a shipbuilding yard from the government to repair the ships it used, founded an iron mill to supply iron to the shipbuilding yard, started a marine insurance business to cater for its shipping business, and so forth. Later, the managerial resources and technological capabilities acquired through the operation of shipbuilding were utilized to expand the business further into the manufacture of aircraft and equipment. Similarly, the experience of overseas shipping led the firm to enter into a trading business.

The company bought into coal mining in 1881 by acquiring the Takashima mine and Hashima Island in 1890, using the production to fuel their extensive steamship fleet. They also diversified into shipbuilding, banking, insurance, warehousing, and trade. Later diversification carried the organization into such sectors as paper, steel, glass, electrical equipment, aircraft, oil, and real estate. As Mitsubishi built a broadly based conglomerate, it played a central role in the modernization of Japanese industry.

The merchant fleet entered into a period of diversification that would eventually result in the creation of three entities:
Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919. After its mergers with the Bank of Tokyo in 1996, and UFJ Holdings in 2004, this became Japan's largest bank.
Mitsubishi Corporation, founded in 1950, Japan's largest general trading company
Mitsubishi Heavy Industries, which includes these industrial companies.
Mitsubishi Motors, the sixth-largest Japan-based auto manufacturer.
Mitsubishi Atomic Industry, a nuclear power company.
Mitsubishi Chemical, the largest Japan-based chemicals company
Mitsubishi Powersystems, a power generation division
Nikon Corporation, specializing in optics and imaging.

World War II:- Mitsubishi A6M "Zero" fighter.

During the Second World War, Mitsubishi manufactured aircraft under the direction of Dr. Jiro Horikoshi. The Mitsubishi A6M ("Zero") was a primary Japanese naval fighter in World War II. It was used by Imperial Japanese Navy pilots throughout the war, including in kamikaze attacks during the later stages. Allied pilots were astounded by its maneuverability,[4] and it was very successful in combat until the Allies devised tactics to utilize their advantage in firepower and diving speed.

Mitsubishi made use of forced labor during this time period. Laborers included allied POWs, as well as Chinese and Korean citizens. In the post-war period, lawsuits and demands for compensations were presented against the Mitsubishi Corporation, in particular by former Chinese slave laborers. Mitsubishi were involved in the opium trade in China during this period.

1945 to Present:-

Mitsubishi participated in Japan's unprecedented economic growth of the 1950s and 1960s. For example, as Japan modernized its energy and materials industries, the Mitsubishi companies created Mitsubishi Petrochemical, Mitsubishi Atomic Power Industries, Mitsubishi Liquefied Petroleum Gas, and Mitsubishi Petroleum Development.

The traditional Mitsubishi emphasis on technological development was in new ventures in such fields as space development, aviation, ocean development, data communications, computers, and semiconductors. Mitsubishi companies also were active in consumer goods and services.

In 1970, Mitsubishi companies established the Mitsubishi Foundation to commemorate the centennial anniversary of the founding of the first Mitsubishi company. The companies also individually maintain charitable foundations. Mitsubishi pavilions have been highlights of expositions in Japan since EXPO'70 in Osaka in 1970s to 1980s.

As of 2007, Mitsubishi Corporation, a member of the Mitsubishi Group, is Japan's largest general trading company (sogo shosha) with over 200 bases of operations in approximately 80 countries worldwide. Together with its over 500 group companies, Mitsubishi employs a multinational workforce of approximately 54,000 people.

Mitsubishi Motors reached 1.3 million cars of total production in 2007.

Origins of the Famous Emblem:-

The name "Mitsubishi" refers to the three-diamond emblem. "Mitsubishi" is a combination of the words "mitsu" and "hishi." "Mitsu" means three. "Hishi" means water chestnut, and the word is used to denote a rhombus or diamond shape. As customary, "hishi" is pronounced "bishi" when it forms a latter part of a word, hence the combination of "mitsu" and "hishi" reads "mitsubishi."

Yataro Iwasaki, the founder of the old Mitsubishi organization, decided on the three-diamond mark as the emblem for his company.The mark is said to be an arrangement of two family crests; the three-oak-leaf crest of the Yamauchi family, Lords of Tosa, where Yataro was born, and the three-tiered water chestnut crest of the Iwasaki family.
Global Network Of Mitsubishi:-

Japan
North America
Latin America
Europe-CIS
Africa
Middle East
Asia/Pacific
Australia
Bangladesh
Brunei
Cambodia
China
India
Indonesia
Republic of Korea
Malaysia
Mongolia
Myanmar
New Zealand
Pakistan
Philippines
Singapore
Sri Lanka
Thailand
Vietnam
Taiwan
Products of MIH:-

MHI's products include: * Aerospace systems * Rockets and spacecraft * Air conditioning and refrigeration systems * Armoured fighting vehicles * Tanks * Desalination equipment * Diesel engines * Electric buses * Energy equipment * Fossil fuel electricity generation equipment * Boilers * Combined cycles * Gas turbines * Steam turbines * Fuel cells * Renewable energy equipment * Wind turbines * Traction batteries * Forklifts * Industrial machinery * Machine tools * Paper and printing machinery * Light rail vehicles * K-stock metro cars with Rotem - MTR * Ships and marine structures * Cruise ships * LPG carriers * Oil tankers * Warships * Atago class destroyer * Harushio class submarine * Hatakaze class destroyer * Kongō class destroyer * Oyashio class submarine * Sōryū class submarine * Tachikaze class destroyer * Takanami class destroyer * Torpedoes * Turbochargers
MIT Products in Pakistan:-
Petroleum Products, Steel Products, Power & Electrical Systems, Elevator & Escalator Operation & Marketing, Plants, Automobiles, Petrochemical Products, Materials for Synthetic Fibers, Functional Chemicals, Materials for and Products by Synthetic Resins, Food (Products), Textiles, General Merchandise.
MIT Products in Australia:-
IT, Media and Communication Services, Logistics, Petroleum Products, Carbon, Crude Oil, LPG, LNG, Steel Products, Coal, Iron Ore, Non-Ferrous Metals & Minerals, Non-Ferrous Metal Products, Power & Electrical Systems, Plants, Ships, Automobiles, Industrial Machinery, Development & Construction Business, Aerospace Business, Petrochemical Products, Materials for Synthetic Fibers, Fertilizer, Functional Chemicals, Materials for and Products by Synthetic Resins, Food and Feed Additives, Advanced Materials, Foods (Commodity), Food (Products), Textiles, General Merchandise.
MIT Products in Europe:- Living Environmental Systems
Room Air Conditioners, Packaged Air Conditioners, Multi Systems, Heat-Pumps, Jet Towel Hand Driers LOSSNAY, Ecodan, Citi-Multi, Mr Slim. | Automotive Equipment
Starter Motors, Alternators, EPS ECU, EPS Motors, DVD Car Navigation Systems, Rear Seat Entertainment Systems | Industrial Automation
Robots, AC Servos, CNCs, Circuit Breakers, Switches, Variable Frequency Drives, Inverters, PLCs, UPS, Industrial Sewing Machines. | Visual Information Systems
Multimedia Projectors, Large-screen LCDs, Video Walls, Diamond Vision, Printers, Security Solutions, Display-Wall Systems, Home Cinema. | Semiconductors & Devices
Power Devices (IGBT Modules, IPM, HVIGBT Modules, HVIPM), Optical Modules, Optical Transceiver Receivers, TFT-LCD Modules | Elevators & Escalators
Elevators, High-Speed Lifts, Machine-Room-Less Elevators, Escalators, Spiral Escalators, Moving Walks | Transmission & Distribution
Power Substations 132Kv +MIT Products in Africa:- |
Petroleum Products, Carbon, Crude Oil, Iron Ore, Non-Ferrous Metals & Minerals, Non-Ferrous Metal Products, Power & Electrical Systems, Elevator & Escalator Operation & Marketing, Plants, Ships, Automobiles, Industrial Machinery, Development & Construction Business, Petrochemical Products, Materials for Synthetic Fibers, Fertilizer, Functional Chemicals, Materials for and Products by Synthetic Resins, Food and Feed Additives, Advanced Materials, Foods (Commodity), Food (Products), Textiles, General Merchandise. http://www.referenceforbusiness.com/history2/31/Mitsubishi-Heavy-IndustriesLtd.html http://www.mitsubishi.com/e/group/mark.html http://en.wikipedia.org/wiki/Mitsubishi www.mitsubishicorp.com/jp/en/network/ao/pakistan.html http://www.mitsubishicorp.com/jp/en/network/ao/australia.html
http://www.mitsubishicorp.com/jp/en/network/africa/southafrica.html

Similar Documents

Premium Essay

Mitsubishi

...MITSUBISHI MOTORS CORPORATION : Announces Fiscal 2013 First Quarter Operating Results 07/30/2013 | 03:14am US/Eastern Recommend: 0 Tokyo, July 30, 2013 - Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first quarter of the 2013 fiscal year (FY) ending March 31, 2014. 1. Performance overview MMC posted a consolidated net sales of 409.4 billion yen for the first quarter of fiscal year 2013 (April 1, 2013 through June 30, 2013), a 2% or 9.9 billion yen decrease over the first quarter of fiscal 2012, showing a decrease in wholesale volume. MMC posted an operating income of 16.0 billion yen, a 7% or 1.1 billion yen increase over the same period last fiscal year. The increase was due mainly to favorable exchange rates as well as reductions in material and other costs which together overcame such negative factors as decreases in wholesale volume and increases in sales expenses including advertising costs. Along with the increased non-operating income from factors including foreign exchange gains MMC posted an ordinary income of 22.3 billion yen, a 57% or 8.1 billion yen increase year-on-year. Net income for the term amounted to 16.4 billion yen, an 18% or 3.6 billion yen decrease year-on-year without the benefit of a 11.4 billion yen in extraordinary income from the sale of stock in affiliates like what was recorded in the first quarter of last fiscal year. 2. Sales volume (Retail) Global retail sales volume for the first......

Words: 5197 - Pages: 21

Premium Essay

Success & Failures of Stalin's Five Year Plans

...“The Five Year Plans were successful in strengthening the Economy before 1941.” Explain why you agree or disagree with this view. Though with many flaws Stalin’s five year plans did create a strong industrial base for Russia. Stalin’s aims for strengthening the economy could identify the successes of the five year plans. Stalin wanted to strengthen the economy to increase military strength due to the fear of foreign invasion he needed a well-developed industrial base especially of heavy industry. He also wanted to achieve self-sufficiency, and to improve standards of living of people in Russia to bridge the gap between them and the West. A strengthened economy would fulfil and maintain the promise to international proletariat to develop the country and become the first socialist state by industrialising. In some ways, the five year plans fulfilled some of Stalin’s aims for example, the focus on rapid increase in industrial capacity and growth of industry especially, heavy industry and armament production. Coal and iron output doubled and defence armaments grew rapidly as resources were diverted to them. Also hydro-electric dams, canals, railways and other infrastructural projects were built. The five year plans transformed the primitiveness of the country, creating a massive urban working class and trebling electricity production. As well as strengthening the economy and achieving military strength this expansion gave Russia enough strength to resist and eventually beat......

Words: 570 - Pages: 3

Free Essay

The Hyudai Group

...CONTEXT: Year 1987POINT OF VIEW: Chung Se-Yung, Chairman of the Hyundai Group of Companies.MAIN PROBLEM:Hyundai Group adopted and had been into practice the authoritarian style of management. Without taking into consideration the fact that during the last two decades of dynamic growth in operations; their management style hindered their evolution .SECONDARY PROBLEM :1. With the rising competition and swelling demands from Korea’s more independent youth generation, Hyundai’s strategies of low wages and hard work were no longereffective.2. The reported labor rebellion at Ulsan that were participated by 2000 Hyundaiworkers since December 1988.3. Hyundai started to move away from Korea’s slumping construction and shipbuilding industries and faced a troubled transition to a high-tech , high-wagedfuture.COMPANY OBJECTIVES :To gradually transform leadership strategies to meet the demands of the times and thedemands of an increasingly complex socio-economic structure that was under going tremendousflux, and a high return on investments as an added incentive. SWOT ANALYSIS :STRENGTHS :1. As according to Ibrahim , Hyundai construction crews at work are like disciplined ,para-military , single-minded , self-sufficient machine.2. Working fourteen-hour shifts and seven-day weeks , the construction crews do theirfaster than anyone else.3. Hyundai Chairman’s audacity, determination , and imagination remained to be a trademark of the man as the financial......

Words: 353 - Pages: 2

Premium Essay

Brand Audit on Samsung

...electronics ,especially in the smartphone industry today.Originating from South Korea,the company has established a strong presence worldwide.A company with an extremely diversified portfolio,Samsung has a complex brand to manage.We conducted a comprehensive assessment of how the company has performed overall as a brand. Our Survey We conducted a survey on people from various countries.The idea was to find out what an average consumer of gadgets thinks about Samsung.We asked them questions on their profile,age,gender,where they purchase consumer electronics and what are the factors they consider while making the purchase.Our results are utilized in the analysis throughout the report. History-What is Samsung? Lee Byung-Chul founded Samsung, which means “Three Stars” in Korean, in 1938 in Taegu, South Korea. The company grew to become the largest “Chaebol” in South Korea. Chaebols are multinationals that invest in several international enterprises.The company started from a trading company and ventured into industries that vary from electronics to insurance.Initially,they did not invest in branding Samsung,however,they have been actively branding now. Brand Architecture We look at Samsung’s brand structure by studying its corporate brands and endorsed brands.The underlying strategy that holds the various industries of Samsung: Corporate Branding The most prominent Samsung subsidiaries include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, and......

Words: 2468 - Pages: 10

Premium Essay

Bus 473 Business Model and Strategic Plan: Part I Kawasaki

...Business Model and Strategic Plan: Part I David McNally BUS/475 June 24, 2014 Mahesh Singh Business Model and Strategic Plan: Part I The new company division: Toruku Electric Motorcycles Kawasaki Motors Inc. plans on launching a new division focused on developing, manufacturing and selling electric motorcycles for both use on and off-road. The concept of designing electric motorcycles for multiple consumer markets is a fast growing idea. Several small companies are attempting to pioneer this new market with limited success. We at Kawasaki feel this limited amount of market penetration and development is mainly due to consumer wariness of new manufacturers and the limited R&D budgets of these companies. Kawasaki feels the electric motorcycle is the next step in motorsports evolution. We want to combine the best aspects of traditional gasoline powered motorcycles with today’s advanced technology. The electric motorcycle has the potential to surpass its internal combustion engine driven sibling in every way. Electric motorcycles will to be more lightweight, efficient, faster accelerating, and a blast to ride. The mission statement for this new division will be that Kawasaki Motors Electric Division is committed to transforming the experience of motorcycling by producing highly innovative electric motorcycles that combine superior value and performance. This division is powered by innovation, driven by passion, guided by integrity and measured by results. We will...

Words: 1350 - Pages: 6

Free Essay

Personal Watercraft, Aka Jet Skis

...over a million were in operation. The leading producer with nearly half the market was Bombardier, based in Montreal, producer of Sea Doo personal watercraft. Other producers included Polaris Industries, Kawasaki, and Yamaha. Despite, or perhaps because of, their popularity jet skis were under attack from several quarters. Safety concerns resulted from the speed of jet skis and from some of their operating characteristics. One character- istic was that they were nearly impossible to control when 29New York Times, March 28, 2011. 30www.globalnetworkinitiative.org. 31See the Chapter 24 case Google Out of China. 32New York Times, March 7, 2011. 33The Guardian, April 21, 2011. 34Wall Street Journal, April 20, 2011. 35Washington Post, April 24, 2011. an operator lost hold of the throttle. A study published in the Journal of the American Medical Association reported that inju- ries associated with personal watercraft increased dramatically with an estimated 12,000 people treated in hospital emergency rooms in 1995, including four fatalities. The study also indi- cated that the accident rate for personal watercraft was substan- tially higher than for regular motorboats. In California, jet skis accounted for 55 percent of boating injuries but only 18 percent of registered boats. The industry responded that surveys had shown that the average personal watercraft was used more per year than larger boats, making the accident rates “roughly com- parable” to water skiing. Kawasaki......

Words: 600 - Pages: 3

Free Essay

Hyundai Motivation

...arrangements are also very important in increasing or decreasing employees’ motivation. Our group decided to focus on the motivational factors and the reality of it in a real business organization. We came across an acquaintance who currently works as Hyundai Heavy Industry (HHI). He told us about the unique culture of foreign dispatch system, common in industrial companies. According to our interviewee, foreign dispatch systems have clear pros and cons and that organizations use various methods in order to satisfy the ones who work abroad. Hyundai Heavy Industry is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy. HHI was awarded a trophy to celebrate an achievement of exporting one hundred million dollars in 1974. Continuously, HHI was awarded one billion dollars trophy, five billion dollars trophy, ten billion dollars trophy, and fifteen billion dollars trophy before 2009, in the same field. HHI is one of the major companies which have more than twenty-five-thousand employees. Hyundai Heavy Industries Co., Ltd established a manufacturing plant of wind...

Words: 3043 - Pages: 13

Premium Essay

New Hire Communication

...New Hire Communication Jose A Marquez Navarro COM/295 11/03/2014 New Hire Communication Welcome to Subaru Of America Regional Distribution Center. As a new hire I would like to introduce you to our company culture and processes. As an instructor in our company you are expected to follow our procedures to train new warehouse associates according to our procedures written in our manuals. Company Culture At Subaru Of America Regional Distribution Center we believe and encourage our employees on working smarter and not harder every day. Our expected business goal for every employee is based on 80 lines per hour in production. We take care our staff very seriously and offer them the best benefits possible from healthcare to big discount in company cars. We like to keep a professional and friendly environment and enforce our employees to create new ways to make the process more efficient and easier for them. Company Process Our company process to meet our expected goals is to achieve a 100% of production standards based on line per hours. The personnel are expected to pick, pack and ship through our different carriers the merchandise to our retailers. Instruction Employees need to follow company policies. Phones, headphones and food are prohibited in the work area. Safety is our top priority for our team as having a clean work environment is too. Employees may have radios in their packing stations, any emergency call they may need to take are to...

Words: 708 - Pages: 3

Free Essay

Hyundai

...arrangements are also very important in increasing or decreasing employees’ motivation. Our group decided to focus on the motivational factors and the reality of it in a real business organization. We came across an acquaintance who currently works as Hyundai Heavy Industry (HHI). He told us about the unique culture of foreign dispatch system, common in industrial companies. According to our interviewee, foreign dispatch systems have clear pros and cons and that organizations use various methods in order to satisfy the ones who work abroad. Hyundai Heavy Industry is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy. HHI was awarded a trophy to celebrate an achievement of exporting one hundred million dollars in 1974. Continuously, HHI was awarded one billion dollars trophy, five billion dollars trophy, ten billion dollars trophy, and fifteen billion dollars trophy before 2009, in the same field. HHI is one of the major companies which have more than twenty-five-thousand employees. Hyundai Heavy Industries Co., Ltd established a manufacturing plant of wind power generator...

Words: 298 - Pages: 2

Premium Essay

Ibm - Samsung

...BỘ GIÁO DỤC VÀ ĐÀO TẠO TRƯỜNG ĐẠI HỌC HOA SEN KHOA KINH TẾ THƯƠNG MẠI BÁO CÁO THỰC TẬP NHẬN THỨC SVTH: TRẦN DẠ MAI TRINH MSSV: 2008986 Lớp: NT121 GVHD: NGỤY THỊ SAO CHI TP HCM Tháng 09/2014 BỘ GIÁO DỤC VÀ ĐÀO TẠO TRƯỜNG ĐẠI HỌC HOA SEN KHOA KINH TẾ THƯƠNG MẠI BÁO CÁO THỰC TẬP NHẬN THỨC SVTH: TRẦN DẠ MAI TRINH MSSV: 2008986 Lớp: NT121 GVHD: NGỤY THỊ SAO CHI TP HCM Tháng 09/2014 ABSTRACT As future managers, it is really important for us to know and understand how multiple companies work. CONTENTS ABSTRACT i CONTENTS ii LIST OF TABLES & PICTURES iv CHAPTER 1: INTRODUCTION OF SAMSUNG 5 1.1 SAMSUNG in general 5 1.2 History of SAMSUNG Electronics 6 1.3 Vision 7 1.4 Mission 7 1.5 Objectives 8 CHAPTER 2: STRATEGIES 9 2.1 R&D (research and development) strategy 9 2.2 Pricing 10 2.3 Human resources 10 2.4 Marketing 11 2.5 Products 11 CHAPTER 3: OPERATION 15 3.1 Worldwide operations of Samsung. 15 3.1.1 Market Share 15 3.1.2 STP Analysis 16 3.1.3......

Words: 5409 - Pages: 22

Free Essay

Brm of M.Com

...Mitsubishi Heavy Industries Technical Review Vol. 49 No. 2 (June 2012) 1 The Dubai Metro, the World’s Longest Fully Automated Metro Network Tr a n s p o r ta t i o n S y s t e m s D i v i s i o n The Dubai Metro infrastructure was designed to support economic growth in Dubai, and is the first urban railway in the Gulf States. Dubai has established its position as a leading hub for finance, logistics, and tourism in the Middle East. During this process, chronic traffic congestion became a serious social issue, stemming from the population increase that ensued from rapid economic growth. In order to alleviate traffic congestion, the Dubai Government decided an urban railway would be constructed. In 2004, the Dubai government asked for international tenders for the Dubai Metro Project and the following year placed an order with the Dubai Rapid Link Consortium (DURL), a five-company consortium lead by Mitsubishi Heavy Industries (MHI), with three other Japanese companies and one from Turkey. DURL was responsible for delivering a fully automated driverless railway system including all related engineering and construction. The Civil Works including the design, engineering and construction of tunnels, elevated viaducts, and station buildings and depots were performed by our civil works partner, a joint venture consisting of Obayashi Corporation, Kajima Corporation, and the Turkish firm Yapi Merkezi. MHI, in collaboration with Mitsubishi Corporation, was responsible for the design...

Words: 1398 - Pages: 6

Free Essay

Keiretsu

...Keiretsu Translated literally, it means headless combine Keiretsu is a Japanese word which, translated literally, means headless combine. It is the name given to a form of corporate structure in which a number of organisations link together, usually by taking small stakes in each other and usually as a result of having a close business relationship, often as suppliers to each other. The structure, frequently likened to a spider's web, was much admired in the 1990s as a way to defuse the traditionally adversarial relationship between buyer and supplier. If you own a bit of your supplier, reinforced sometimes by your supplier owning a bit of you, the theory says that you are more likely to reach a way of working that is of mutual benefit to you both than if your relationship is at arm's length. American trade officials, however, disliked Japan's keiretsu because they saw them as a restraint of trade. Jeffrey Garten, once under-secretary of commerce in charge of international trade and then dean of Yale School of Management, said that a keiretsu restrains trade “because there is a very strong preference to do business only with someone in that family”. Despite its government's disapproval, corporate America liked the idea. Jeffrey Dyer wrote in Harvard Business Review in 1996 that Chrysler had created “an American keiretsu”. The company's relationship with its suppliers, which were reduced in number from 2,500 in 1989 to 1,140 in 1996, had improved to such an extent,......

Words: 6330 - Pages: 26

Premium Essay

Otoyal Motor Company

...Utilizing empirical data, this case illustrates the evolution of the commercial vehicle industry in Turkey, changes in industry conditions, and competitive strategies employed by the incumbent and its Japanese rivals in various life cycle stages. The product’s quality of OMC was not up to the mark compared to the competitors. The technology utilized in Isuzu and Mitsubishi was far better than OMC. They failed to view Japanese companies as their competitors initially. Timely decisions were not taken. The product leadership, being market leader and first mover advantage all was lost by OMC. Alternatives OMC’s alternatives are: 1) increase Iveco’s share to 50 percent and provide new technology platforms; 2) sell 100 percent of OMC’s assets and business; 3) Concentrate on dominant products by improving quality, and improving on service and distribution making it competitive while eliminating all the weaker products. Recommendation Otoyol’s best options are to eliminate all the weak products and start investing in new technology to improve the quality of their dominant products or leave the market completely by selling the business. Rationale Having a 62.9 percent service sector, a 28.6 percent industrial sector, and an 8.5 percent agricultural sector, Turkey’s economy has grown to 18th in the world. Its textile, food and automotive manufacturing are the frontrunners in the industry sector. This has caused a rise demand over the years for commercial vehicles. Koc......

Words: 1354 - Pages: 6

Free Essay

Marketing Management Cat. Inc Essay

...Caterpillar is an American organization which plans, makes, markets and offers apparatus, motors, financial and insurance to clients through an overall merchant network Caterpillar is the world's driving producer of development and mining hardware, diesel and regular gas motors, mechanical gas turbines and diesel-electric locomotives. With more than US$89 billion in resources, Caterpillar was positioned number one in its industry and number 44 overall in the 2009 Fortune 500. Some of the key steps that lead to Caterpillar becoming the industry leader in earth-moving machinery are the strategic decisions, strong foundation and sustainability. The story of caterpillar dates back to the late 19th century when Daniel Best and Benjamin Holt each were experimenting with ways to fulfil the promise steam tractors held for farming. Prior to the merger that formed Caterpillar Tractor Co. in 1925, The Hold Manufacturing Company and C.L. Best Tractor Co. had individually pioneered gasoline-powered track type tractors. The first Diesel Sixty Tractor was produced in 1931. By 1940, Caterpillar’s product line had expanded to include motor graders, blade graders, elevating graders and electric generator sets. During World War 1, Holt’s track-type tractors were in great demand by the Allies for pulling and supply wagons through harsh conditions. Troops in World War 2 also relied on Cat equipment, including track-type tractors, motor graders, generator sets and special diesel engines for M4......

Words: 2202 - Pages: 9

Premium Essay

International Stock Market Indexes

...The concept may be extended well beyond an exchange. The Wilshire 5000 Index, the original total market index, represents the stocks of nearly every publicly traded company in the United States, including all U.S. stocks traded on the New York Stock Exchange (but not ADRs or limited partnerships), NASDAQ and American Stock Exchange. Russell Investment Group added to the family of indices by launching the Russel Global Index. More specialized indices exist tracking the performance of specific sectors of the market. Some examples include the Wilshire US REIT which tracks more than 80 American real estate investment trusts and the Morgan Stanley Biotech Index which consists of 36 American firms in the biotechnology industry. Other indices may track companies of a certain size, a certain type of management, or even more...

Words: 5657 - Pages: 23