Реферат: Essay About Cooper Industries Essay Research Paper
that are poor sellers. In some cases the production plant is relocated and the
staff is reorganized for the best efficient set up. In time all these companies
are turned into profit centers.
RECOMMENDATIONS:
One of my first suggestions will be to consider Cameron Iron Works first
since all the valves and other natural gas and petroleum products will be more
beneficiary. Apparently there is more demand for Cameron’s products than the
Champions. Little adjustments in the production process along with the
‘Cooperization’ adjustment will have make the company efficient in a short
period of time. In contrast, Champion is considered to have 1950’s production
techniques and only one product line, spark plugs, which will require
tremendous changes within the company.
The other option may be to purchase both of the companies, regardless of
the financial risks involved. By allocating all the departments such as
Management Development & Planning in the process, Cooper may turn things around.
Since the beginning, Cooper’s way of acquiring companies seem to create
success stories in the end. Champion still has brand name recognition in Europe
and Asia (personal knowledge) which maybe taken advantage of. Major changes for
the American market may take place while the revenues from the overseas sales
finance the process. And once the changes are made in here, according to the
demand the product line maybe readjusted for those markets.
One other option for the Champion acquisition maybe to consider other
possible options in the automotive parts industry. There may be other companies
requiring less adjustment, and maybe turned into profit centers in less time
than Champion.
If buying both the companies is not possible at the time, then Cameron
seems like a better option giving independence to Cooper in the valve dependence.
Utilization of this company seems more of a priority at the time. However Dana
may end up buying Champion if Cooper delay the acquisition.