ipl-logo

Overview Of The Toolscorp Corporation

2962 Words12 Pages

The headquarters of the ToolsCorp Corporation may be found in the city of Memphis, which is found in the state of Tennessee. There is a large selection of products available, including but not limited to microwaves, stoves, power tools, patio sets, and lawn mowers. These goods are produced in the surrounding region, and they are sold in a range of wholesale and retail establishments, including Walmart, Home Depot, and Amazon.com, in addition to being disseminated locally, regionally, regionally, nationally, and worldwide. ToolsCorp has investigated its options and determined that entering the worldwide market via the Australian market is the one that offers the greatest potential for success. The Strategic Officers Steering Committee of ToolsCorp …show more content…

The ToolsCorp Corporation needs to be aware of the various ways in which the government exerts influence over economic issues like as the markets, the policy for international commerce, the tax policy, and even the rules concerning labor and the environment. When planning an international expansion, some of the economic factors that need to be taken into consideration are interest rates, inflation, currency rates, and the rate of economic growth in regional …show more content…

The ToolsCorp Corporation needs to get additional knowledge regarding the goals, age range, state of health, and anticipated expansion of its workforce. It is imperative for a company to prioritize technical progress whether it is growing its operations on a national or global scale. Because technological advancements can affect both the manufacturing and distribution processes, investing in them is critical to the success of the organization. Last but not least, it's essential to communicate with the people you're trying to reach. The internet and various social media platforms are very helpful in this regard. The ToolsCorp Corporation is required to do an analysis of environmental factors such as the use of unethical business practices, pollution, and raw materials (Professional Academy, n.d.). Last but not least, the leaders of ToolsCorp Corporation are condemned to fail if they are unable to comprehend the legal factors. Every person has a moral obligation to educate themselves on topics such as the quality and safety of products and foods, the availability of equal opportunities, the standards of advertising, and the legal protections and rights of consumers.
The information gathered from a SWOT analysis can be used by ToolsCorp Corporation to improve their operations by identifying and mitigating both

Show More
Related

Hsc300 Unit 9 Final Paper

483 Words | 2 Pages

Question 2 Advances in technology drive a great amount of the change that occurs in business organizations. The competitive advantage in today 's business environment includes staying on top of technological advancements that impact your industry. Business strategies that include acquiring new technologies should be guided by best practices that consider the impact on the firm, customers, employees, vendors and other stakeholders. Dream Destinations has too many odds against them in such a competitive market and so technological changes must be implemented if they wish to satisfy their shareholders. Dream Destination goals must be revisited.

Read More

Graeter's Strengths And Weaknesses

253 Words | 2 Pages

SWOT analysis is a process used to identify a company’s strengths, weaknesses, opportunities and threats and was applied to evaluate Graeter’s (Pride, Hughes and Kapoor 2015 p. 163). Firstly, the business uses a unique technique to manufacture its product known as the French Pot method that results in a distinctly richer and creamier textured ice cream. Secondly, Graeter’s pride themselves on product quality and maintain very high standards throughout the business. Thirdly, while maintaining the business’s core principles, the owners explore new and innovative ideas to stimulate growth and production. Further, to support the business’s growth, the owners have sourced the assistance of consultants to develop and improve strategies, goals and

Read More

Rock Solid Industry Parts Executive Summary

1884 Words | 8 Pages

Executive Summary Rock Solid Industry Parts, Inc. is a family owned company planning to move in a new direction to success. As a company moving towards a new direction employees need to change the way they work which represents the first challenge. After the leader of the company or CEO communicates the vision or goal with solutions to probable risks, employees should be able to apply the strategy accordingly in every department. Introduction/Thesis Rock Solid Industry Parts, Inc. is a small family owned company that is planning to grow from 50 to 100 employees in the next three years. In preparation for this goal the CEO consults the IT director of the options to modernize its IT/IS infrastructure.

Read More

The Technology Development Activity At Target Corp.

184 Words | 1 Pages

Technology Development includes technology development to support the value chain activities, such as research and development, process automation, design and redesign. The Technology Development activity at Target Corp is utilized by having the responsibility of delivering a seamless and engaging shopping experience across digital platforms. Creating strategies and solutions that enrich the online experience, making the shopping journey easy and inspiring for guests. technology development including knowing all guests and striving to deliver a personalized experience with digital solutions – online and across all stores. Procurement includes activities of purchasing the raw materials, servicing, spare parts, buildings, machines and other

Read More

Dick Smith Foods: Company Overview

532 Words | 3 Pages

SWOT ANALYSIS: Strengths: High profitability and revenue as well as a high growth rate Weaknesses: Productivity, future debt rating and competitive market all count as weaknesses within the organisation. Opportunities: New products and services and their income level is continuously increasing. Threats: Growing competition and lower profitability and the issues associated with the rising cost of raw materials. MICRO & MACRO ENVIRONMENT:

Read More

Nurofen Specific Pain Case

563 Words | 3 Pages

This situation creates an identity of the company as being fake and acting against the community. The company is going against the theory of Utilitarianism which is concerned with making decisions that promote human welfare. The Company’s bad consequences were more than good consequences making it an unethical decision which resulted in a fine of $7 million. The company was charging more price for the specific range which contained the same active ingredient breaching the theory of justice and fairness which supports the idea of fairest overall distribution of

Read More

Lee Valley Business Analysis

1483 Words | 6 Pages

As previously mentioned Lee Valley tools is privately held, family owned, and has 850 employees total; spread out between 18 stores across Canada and a corporate head office in Ottawa as well as a large online order business. While overall a retailer, Lee Valley has a small manufacturing arm called Veritas Tools which produces high-quality woodworking products in Ottawa, as well as Algrove Publishing (located in Almonte Ontario) which publishes formerly out of print how-to guides and some smaller runs of newer books. Both the books and tools are available primarily through the Lee Valley tools retail locations and their online website. Being a combination of retail and manufacturing Lee Valley Tools has a functional organization in regards to sales and marketing, but divisional between its two manufacturing elements. Its core work process is retail, but significant revenue comes from Veritas which could be considered a small batch manufacturer (or a lean

Read More

Holden Outerwear Internal Environment

135 Words | 1 Pages

Globalization has influenced Holden’s business and helped create opportunities by allowing the company and its products to be able to grow. Such as in different location and by their customer’s standards. Some challenges that the managers at Holden can face with globalization is the location of where they would be expanding their company and products. There also is the challenge of

Read More

Athlete's Warehouse Strengths

1109 Words | 5 Pages

SWOT analysis is a crucial tool that helps organizations identify their internal strengths and weaknesses, along with external opportunities and threats. By thoroughly analyzing these factors, organizations can develop effective strategies to achieve their goals. In a SWOT analysis, strengths and weaknesses are internal factors that organizations can control, while opportunities and threats are external factors that they have little control over. This essay aims to analyze Athlete's Warehouse using a SWOT analysis. Athlete's Warehouse is a well-known athletic apparel and footwear retailer that has been operating in the market for several years.

Read More

Supply Chain Management Capstone

517 Words | 3 Pages

However, the real world is so complex because of the dynamics and uncertainty embedded in a variety of environmental parameters, such as market demand, supply of raw materials, price of raw materials and finished products, the transportation and delivery time, production processing time, and budget (Zhuang, Xu, & Gangshu, 2014). In addition, one of the most complex issues in international business is the risks that the companies must face. The company must acknowledge that there are a number of risks that the company faces when engaging in international business.

Read More

The CNC Case Study: Zollo And Winter's

1614 Words | 7 Pages

3.3.1 The CNC case The creation of dynamic capabilities by CNC can be viewed according to two perspectives. The first concerns Zollo and Winter’s (2002) learning mechanisms, which are summarized in Table III. In addition to the restructuring of the company, observed through the opening of a new office in Rio de Janeiro, the restructuring of the IT department, the purchase of new machines, new licenses and software, and the employment of specialized personnel, one must consider the advancement of business practices adopted to meet the Petrobras’ standards. As for the software, if we compare the three analysed projects, the number of software used has increased from two in the first project, six in the second project and seven in the third project.

Read More

Black & Decker: The Case Of Black And Decker

1079 Words | 5 Pages

Black & Decker, a US-based company established in 1917, was the first to have the “portable power drill” patented. They are also an established company offering many products in the household category including hand-held vacuums, irons, mixers, coffee makers and so on. While they succeed in becoming the lead in the consumer segment, they fail to display the same success with regards to their tradesmen segment, which what the case discusses. The case mainly scrutinizes the reasons on why Black & Decker has much lower market share in the Professional-tradesmen category- despite its success in both the Consumer tools area and the Professional-

Read More

United Airlines Market Segmentation

1027 Words | 5 Pages

A SWOT analysis can be done for any company, product, place, industry, or person. They can serve as a precursor to any sort of company related action, such as exploring recognizing new initiatives, making decisions related to new policies, identifying possible areas for change and improvising. Answer: (b): SWOT analysis is performed to improve business operations by taking into account the Strength, weaknesses, Opportunity and Threats.

Read More

Business Ethics Case Study: The Johnson And Johnson Case

1262 Words | 6 Pages

Introduction The key ethical issues that were presented in this case study were quality control, lack of customer care, responsiveness, and harming the customer. The Johnson and Johnson case may have been seen as a turning point due to many things the company did right. However, there were many ethical issues in this case which will be explored more throughout this paper.

Read More

Importance Of International Economics

1325 Words | 6 Pages

Increasingly, businesses, consumers, and governments realize that their lives are affected not only by what goes on in their own town, state, or country but also by what is happening around the world. Consumers can walk into their local shops today and buy goods and services from all over the world. Local businesses must compete with these foreign products. However, many of these same businesses also have new opportunities to expand their markets by selling to a multitude of consumers in other countries. The advance of telecommunications is also rapidly reducing the cost of providing services internationally, while the Internet will assuredly change the nature of many products and services as it expands markets even further.

Read More

More about Overview Of The Toolscorp Corporation

Related Topics

Open Document