Impact of Potential Change Factors
The potential change factors that both industries share is offshore production that is drastically re-shaping their value chains while also changing the structure of many industry participants from a supply chain standpoint. The outsourcing of tool manufacturing to India is forcing investment in quality management and compliance (Dangayach, Deshmukh, 2006) while in the high tech industry the change factors of Chinese manufacturing (Albrecht, Morgenstern, Xia, 2008) is changing the cost structures of the high tech industry and product lifecycles. The change factor of regulatory compliance to sell into Europe and global markets with tighter environmental restrictions than the U.S. is also re-ordering both industries.
An Analysis of Strategic Intent
The strategic intent of the power tools industry is to concentrate on the construction industry and generate stable sales through the Original Equipment Manufacturer (OEM) market, where profitability and sales levels are consistently high. For the retail sector of the power tools industry, the focus on new product development through customer listening and voice of the customer programs is critical. For the high tech industry the strategic intent is to capitalize on the speed of product lifecycles and generate create inventory turns as the economy improves (Dangayach, Deshmukh, 2006).
Future Performance Projections
The following two tables illustrate the revenue growth, industry value-add, enterprises and employment in the high tech (semiconductor segment specific) and the power tools industries.
Both analyses reflect the relative slow growth of these two industries going forward. The combined factors to a global economic slow-down, the development of production centers outside the U.S. And the impact that is having on industry value chain dynamics including prices and the intensity of focus on new product introduction speed and time-to-market are reflected in the relatively flat growth of each industry.
Social and External Challenges
The impact of social networks and the platform they have provided consumers to comment and in many cases comment on quickly the directions and strategies of manufacturers (Bernoff, Li, 2008) is a powerful force on each customer facing process in the high tech and power tool industries as well. The social challenges of greater accountability and transparency is critical, as is the need for offering to participate in social media to stay connected with customers. There is a new level of participation required...
Wireless Broadband Technology Overview of Wireless technology Presently it is quite evident to come across functioning of a sort of wireless technology in the form of mobile phone, a Palm pilot, a smart phone etc. With the inception of fast connectivity in the sphere of commerce it is customary and useful to operate from central locations communicating with the remote branches, conducting conferences in remote places, discussing with every body at every
Companies such as XYZ Widget Corporation are well situated to take advantage of burgeoning markets in developing nations, particularly in Asia and Africa. 2. XYZ can grow its business by expanding its operations to certain developing nations in ways that profit the company as well as the impoverished regions that are involved, particularly when marketing efforts are coordinated with nongovernmental organizations operating in the region. 3. Several constraints and challenges must
Organizational Health Educational institutions generally approach organizational improvement by addressing the performance standards to which students, educators, and administrators are held. The standards movement has been a dominant theme in educational policy arenas and in the public eye. With roots in the 1950s Cold War mentality, the thrust of educational improvement has been prodded by perceptions of international industrial and scientific competition. If the rigor of educational standards in the nation
Apollo Program on Technology Some people do not understand the space program. They consider it an indulgence with little to add to the practical world. What they fail to consider is that the space program has facilitated much of the science that is responsible for today's technological advances. In fact, putting aside anything that the space program has contributed to the knowledge of the universe as a greater system, it
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now