Concept explainers
Introduction:
Company B is a machine tool maker company which was thriving enterprise by 1965 and its annual sale was $8 million. The company was sold to company HI and many of the machine-tool and auto factories were dormant and industries at country U weren’t self-sustainable on their own. Person H used the fall of company B to analyze key economic and trade policy.
The investment funds of company B were chocked. Tool makers in country U was highly affected by the cartel led by government of country J. Person H provides numerous ammunition for immediate cash generation. Company B tries to push its produces very fast and it shipped defective machineries and made false promise about the design which the engineering haven’t designed. But most of the claims lie on the governmental policies which didn’t support the industry growth.
To determine: An effective strategy which would have made company B to survive and explain the rationale behind the strategy.
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Operations Management
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- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub