Premium Essay

Toolscorp Corporation’s Introduction

In: Business and Management

Submitted By dato
Words 1321
Pages 6
MGT680-1302D-01
Strategic Management
Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview
David Lomidze
American Intercontinental University
Dr. Leland Taylor
June 17.2013

Abstract
This paper will address ToolsCorp Corporation’s attempt to penetrate the global marketplace and broaden the area of the operations and sales. Overall evaluation of the establishment and the environment and Toolscorp Corporation’s long term strategic plan development in early phase and its mission and vision statements will be defined.

Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview Toolscorp Corporation ToolsCorp Corporation is the well-established organization that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges and located it in Tennessee. All products are manufactured locally and sold through large retailers as Sears, Best Buy, and Wal-Mart. They have some advertisement and although they have a greatly established and very promising business in US and Canada, ToolsCorp is trying to introduce its product into the global marketplace. In case of success Toolscorp will become one of the largest establishment in its field and will overcome its competitors in sales by gaining huge share of the marketplace that gives the Corporation great power of dominating the market. Mission Statement Nine essential components of the mission statement are Customers, Products or Services, Markets, Technology, Concern for survival, growth and profitability, Philosophy, Self-concept, Concern for public image and Concern for employees (David, 2013, p.52). ToolsCorp has achieved the reputation of reliable and trusted brand by manufacturing the highest quality product with the best warranty that is ensured by company’s mission statement: “Our best prices are not achieved by saving on…...

Similar Documents

Premium Essay

Introduction

...1. Introduction Summary of what the report is all about. The demand for food items industry is mounting by a significant amount. Eating practices, habits and trends are continuously changing with different constructs of living standards. Increasing fashion towards ready-made snacks, events, feasts and dine out is giving a real boost up to this industry. The topic under consideration is Gourmet Sweets and Bakers. The main idea of this report is to highlight current strategic plan of the bakery. Later part of this discussion aims at flaws and recommendations for amendments in strategies. Gourmet is a French word meaning ‘refined and manifest affection for good food’ Gourmet Bakers and Sweets” is the largest food retail chain of Lahore. It is one of the renowned bakeries and confectioner shops. Foundations of bakery are in Lahore. Lahore is the second largest city of Pakistan famous for traditional foods and enthusiasm for eating. Mr.Muhammad Nawaz Chathha laid the foundation of the business with a single outlet in Ichra in 1987. Initially the venture didn’t get a positive response and shut down. He started over again in 1992 in Muslim Town. He is the managing director of company and maintaining it with glorious colors. Presently,2 beverages production plants and 100 stores are operational in Lahore.10 stores and 1 beverages production plant is functioning in Faisalabad. Vision: “We are a bakery company with one goal in mind to meet the needs of our customers we focus...

Words: 397 - Pages: 2

Premium Essay

Introduction

...Online Marketing Take-off of online marketing: casting the next generation strategies Amalesh Sharma is a Teaching Associate based at the Indian School of Business, Hyderabad, India. Introduction The purpose of the old module of marketing was to dictate a message to the mass market. With changes in time, requirements, technology and expectations of the customers, the field of marketing itself has experienced significant changes. It is noteworthy to mention that marketing dynamics shifted from ‘‘farm centric’’ to ‘‘consumer centric’’ perspectives. With evolution in the market dynamics, it is becoming a difficult issue to choose the correct channel to reach the consumer within a specific target group. The ‘‘dotcom era’’ in the history of marketing will probably be remembered exclusively for its contribution towards innovation based marketing. The development of internet technology has impacted us by changing our behavior, decision making process, relation with one another and the way of doing business. The internet has decreased the distance between places, crossing geographical borders and allowing us to build and bring all the necessary things we require, and discarding all the old communication techniques. Highly intense information based market is forcing marketers to look at the world with new perspectives at the new opportunities. Diverse culture, social restrictions are no longer able to hinder the information flow. At this transitional phase as the world is moving......

Words: 311 - Pages: 2

Free Essay

Introduction

...1 INTRODUCTION 1.1 Purpose The implementation plan has been developed to support the strategic plan of the Attendance Monitoring System. The implementation plan will be amended and updated as new actions are introduced and as developments are implemented to the system. The system tracks the performance of employees regarding their attendance on a daily basis. 1.2 System Overview Attendance Monitoring System provides a foolproof solution using fingerprint authentication with the use of a Barcode Scanner for input and affiliated with payroll system and human resource development system and provides efficient reports of the company.. The system records details such as arrival and departure of employees besides monitoring their attendance on a daily basis.  1.2.1 System Description Attendance Monitoring System takes input in a barcode scanner to collect and process data. Attendance monitoring system will provide the needed data for the payroll system for the deductions of the employee to be process. It provides reports of the DTR, the absences, and the leave of the employee. 1.2.2 System Organization Attendance Monitoring System has a barcode scanner that takes the input of the employee in barcode id. The system will monitor the daily, monthly, yearly record of the employee’s absences, leaves, and DTR. It computes for the late of the employee for the deductions. Learning is the basic foundation of knowledge it can be acquired in variety of ways like reading books,......

Words: 512 - Pages: 3

Free Essay

Introduction

...CHAPTER 1 Introduction Introduction is needed when you meet new people or are in the new place. It could help you to know the other people and make a conversation. It will also help you to make a good relationship just by introducing yourselves. The problem, how to make a good introduction? How to make the addressee interested to make conversation? A. Varieties of Introductions There are two varieties of introductions. They are formal and informal introductions. Both of that varieties are needed in introduction self or other people. It depends on the situation and addressee. When the addressee is older, educated, or have higher status, you should use the formal introduction. Besides, the informal introduction is used when the addressee is your age or younger than you. For example, when you meeting a president of a university, it is advisable to say, “How do you do?” rather than “How ya doing?” Likewise, someone, who is your age or younger would probably say, “It’s nice to meet you” rather than “How do you do?” Here are the other examples of introducing yourself: Formal Introduction | Informal Introduction | * Let me introduce myself. * I am glad for this opportunity to introduce myself. * I just wanted to introduce myself, * I don't believe we've met before, * I don't think we've actually met formally yet, | * My name is... * I'm... * Hi, I’m… * Hello guys, I’m… | Here are the examples of introducing someone else: Formal Introduction |......

Words: 846 - Pages: 4

Premium Essay

Introductions

...Introduction: Your essay on the text should always include an introduction. In the introduction you indicate what is to be the central focus of your essay on a given text. This may be done in several different ways. A. You may choose to define your focus right away in a very direct manner. "Miranda" tells the story of how the love of a young girl is destroyed when it collides with the cynical, pragmatic world of the adults. The story is an initiation story in which the young main character goes through a development which, in this case, involves disillusionment and loss of innocence as her sincere love is destroyed. B. You may want to start in a more indirect fashion. Perhaps with a central quotation from the text which leads you on to the theme. "But she did understand and she sat hating her mother, whose eyes and smile were telling her that making love with Michael was a natural but subsidiary part of growing up; that what she felt that night and since was nothing" (ll. 164-67). This quotation from the story "Miranda" illustrates what is at stake for the main character in the story and points to the central theme of the story, the destruction of a young girl’s perhaps naive but sincere love by the very people she puts her trust in. C. You may prefer to start with a more general description of the main idea/problem and then move on to the specific treatment of this theme in the text in question. "Growing up and entering the world of adulthood, though a natural...

Words: 489 - Pages: 2

Premium Essay

Toolscorp Corporation

...Running Head: ToolsCorp Corporation ToolsCorp Corporation AIU – MGT680   Abstract This paper will address penetrating the global marketplace and broaden the area of operations and sales for ToolsCorp Corporation. This paper will include the overall evaluation of this corporation and the long term strategic plan development. It will also include the corporation’s mission and vision statements.   ToolsCorp Introduction ToolsCorp Corporation, a company out of Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. Currently these products are sold in retails such as Sears, Best Buy, and Wal-Mart. Their products are manufactured locally and have a promising business within the US and Canada. The plan is to introduce ToolsCorp into the global market place to become one of the largest establishments in its field. By gaining this large establishment and the global market place, ToolsCorp can overcome their competitors in sales to dominate the market. Mission Statement The nine components of a mission statement are customers, products / services, markets, technology, concern for survival, growth, and profitability, philosophy, self-concept, concern for public image, and concern for employees. These nine components look at who the firm’s customers are; what the firm’s major products or services are; geographically speaking, where the firm competes; is the firm technologically current; is the firm committed to growth and financial......

Words: 1531 - Pages: 7

Premium Essay

Introduction

...home, school and work place. E. The relationship between Native Americans and whites. 1. Whits was the newcomers to Native Americans. a) Distrust b) Uneasy truces c) Violent hostilities F. The major issue whose way of life would prevail. 1. European a) Beatings, hangings , and imprisonment. b) The land would be developed further. 2. Native American Natural state, abounding with fish and wildlife. G. Forced relocation of Native American tribes to encourage westward expansion. 1. “Americanization” 2. Segregation and dependence 3. Reduced the Native Americans. 2. Early Encounters I. Introduction A. Difference between culture, knowledge, and lifestyle make first encounters between Native Americans and Europeans B. Columbus’s Ethnocentrism. C. The Native American population began to decline rapidly D. Las Casas protect the Native Americans. A. Massive slave trade of blacks. B. Native Americans survive only if another labor force replaced them. II. Cultural Strains A. An irreversible path to economic dependence ensued. B. A labor shortage C. With stabilization, relations between the two races became more stained. D. Interaction and cultural are diffusion. E. The disadvantage of the Native American. III. Differing Values ......

Words: 2177 - Pages: 9

Premium Essay

Introduction

... Title | Page No. | 01 | INTRODUCTION * Objective * Scope * limitation | 2-5 | 02 | RESEARCH METHODOLOGY * Type of research * Type of data used * Method of data collection | 6-8 | 03 | COMPANY PROFILE * Introduction of company * History,vision,mission * Organization structure * Social Responsibility * Product * Environment * Certification * Achievement & Awards | 9-25 | 04 | FUNCTIONAL AREA * Human resource management * Finance management * Production management * Marketing management | 26-32 | 05 | LEARNING | 33 | 06 | FINDING AND SUGGESTION | 34 | 07 | QUESTIONARIES | 35-44 | 08 | BIBILIOGRAPHY | 45 | Chapter 1 INTRODUCTION OF PROJECT:- The problem is preparation of the design of the research project. It includes export introduce to mineral water or mountain water. The project undertaken aims to find out the selling and marketing of mineral water or mountain water. The Act introduced to professional development for patents. In an effort to differentiate one brand from another. Some companies have introduced to vitamins ingredients. To sales with water flavoring about various industry efforts to improve. The naturals has introduced made with production and marketing reduce the products. The nutrition facts it stated that the organic shelled of introduced to the product. To the introduction of a variety of drinks marketed as......

Words: 3343 - Pages: 14

Premium Essay

Lennar Corporation’s Joint Venture Investments

...Unit Seven – The Lennar Company Case Study Analysis Kaplan University School of Business MT460 Management Policy and Strategy Author: Edna McEwen Professor: Dr. Strouble Date: June 29, 2015 LENNAR CORPORATION’S JOINT VENTURE INVESTMENTS Company Name: The Lennar Company Topic of the Week: Create a case study analysis focusing on the company’s abuse and fraudulent activities relative to CSR and business ethics. Synopsis of the Situation The Lennar Company faces the damage caused by the Fraud Discovery Institute’s claims, the financial crisis, mortgage defaults, and dramatic fall in house prices, particularly in some of their active markets. The country is in the midst of an economic recession that began in 2007, and on top of that, the company has been accused of operating a ponzi scheme and profiting while allowing investors to lose money. On the day of the announcement by the Fraud Discovery Institute, the company’s stock price took a dramatic fall. The problem is, the person that founded the Fraud Discovery Institute is a ‘reformed’ crook who has made it his mission to expose fraudulent behavior of others as a way of redeeming himself from some of the negative things he has done. The question is, is he really reformed, or is this just another scheme he has plotted to gain access to company’s information so he can pounce when the company is most vulnerable. Alternative Solutions Since Lennar’s mission statement......

Words: 842 - Pages: 4

Premium Essay

An Analysis of Apple Corporation's Global Expansion

...meeting with Prime Minister Li Keqiang. However, labor unrest erupted after the report that resulted in an incident involving 2,000 workers. Apple could do even more to ensure its production demands are not negatively impacting the people who produce its products. Apple should answer the call of its academic and labor activist critics to conduct an audit of its Chinese assembly facilities by an auditing firm with union representation. Additionally, since the September 2012 dispute was caused by ramping up production capacity to produce the iPhone 5, Apple could do more to ensure that everything runs smoothly when it puts out new products, perhaps even sending its own employees to oversee Foxconn in the weeks leading up to a new product introduction. If Apple continues to improve its CSR strategy and yet finds that there is very little improvement in labor and environmental practices, it may have to find another company to work with who will institute responsible practices even if this company is in a country other than China. Apple’s reputation is worth far more than loyalty to any one assembly company no matter how efficient they are. If it turns out that China is not compatible with basic labor and environmental standards, Apple should move elsewhere. This may be the case given China’s abysmal pollution problem. However, given the fact that wealthy Chinese citizens are leaving due to the pollution and citizens are outraged by the labor standards, China will probably do......

Words: 1231 - Pages: 5

Free Essay

Introduction

...12/10/2015 Introduction to Social Networking Skip to Content | Change text size | Contact ACCAN Australian Communications Consumer Action Network Top of the page Main Menu Home News Consumer info Our work Grants Events Members About us Search.........

Words: 1143 - Pages: 5

Premium Essay

Introduction

...activity.   49. A company would report a net loss when  A. retained earnings decreased due to paying dividends to stockholders. B. its assets decreased during an accounting period. C. its liabilities increased during an accounting period. D. its expenses exceeded its revenues for an accounting period.   50. The amount of insurance expense reported on the income statement is  A. the amount of cash paid for insurance in the current period. B. the amount of cash paid for insurance in the current period less any unpaid insurance at the end of the period. C. the amount of insurance used up (incurred) in the current period to help generate revenue. D. an increase in net income.   51. What events cause changes in a corporation's retained earnings?  A. Net income or net loss and declaration of dividends. B. Declaration of dividends and issuance of stock to new stockholders. C. Net income, issuance of stock, and borrowing from a bank. D. Declaration of dividends and purchase of new machinery.   52. The operating activities section is often believed to be the most important part of a statement of cash flows because  A. it gives the most information about how operations have been financed. B. it shows the dividends that have been paid to stockholders. C. it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. D. it shows the net increase or decrease in cash during the period.   53. If......

Words: 6495 - Pages: 26

Premium Essay

Toolscorp

...ToolsCorp. Preliminary Outline 1. Introduction- Shana 2. Abstract- Shana 3. Product/Services- Shana 4. Executive Summary- Tenea 5. SWOT Analysis-Scott 6. Business Plan- Shana 7. Mission Statement-Tenea, Shana 8. Key Operating Principles for ToolsCorp. 9. Market Analysis 10. Vision 11. Objectives 12. One-year, Five-year, and Ten-year Strategic Objectives and Initiatives- Scott, Tenea 13. Competition- Tenea 14. Chosen Country for Expansion 1. Overview of country Kelly 2. Culture Kelly 3. Demographics Kelly 4. Resources Kelly 15. Data of Country 5. Current economics/financials 6. Future Economics/financials 7. Comparison to international economics/financials 8. Current political environment 9. Future outlook 16. Summary of Company and Country 17. Conclusion  Our country of choice is France, which is apart of the European Union. Please choose from the list. Thanks, Shana Butler + Summary of company and country Toolscorp Corporation ToolsCorp Corporation is the well-established organization that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges and located it in Tennessee.   All products are manufactured locally and sold through large retailers as Sears, Best Buy, and Wal-Mart. They have some advertisement and although they have a greatly established and very promising business in US and Canada, ToolsCorp is trying to......

Words: 250 - Pages: 1

Premium Essay

Introduction

...Introduction Enterprise systems (ES) are large scale application software packages that support business and data analytics in complex organisations. These systems having maninted a large amount of critical and complex data are designed typically for high intensity transcation performance and high data security. Also, operational excellence could be achieved with the effective implementation of enterprise systems. This can be better understood with the given example – A customer requests company X (pharmaceutical drug manufacturing company) for information of approximate price for the order he is willing to deal with them. In this case, company X can not only address the plea of customer with the exact price but also very rapidly with the usage of an enterprise system. This task can be performed firmly as the enterprise systems help in integrating every detail such as client information, order, manufacturing, delivery, price of rawmaterials, chemical formulae, time taken in the inventory, packaging costs and many more. These enterprise systems can also be customized in special cases where the software systems doesnot appropriately suite the business needs. However, it is not advisable based on previous research in this field which showed the detoriation of the software system or low intensity performance in case of any major changes made. Thus, it is advisable to gain maximum benefit out of these enterprise system softwares by tuning them to the business of interest. Like......

Words: 473 - Pages: 2

Premium Essay

Introduction

...suggest that social stratification in age groups causes outsiders to incorrectly stereotype and generalize the group, for instance that all adolescents are equally immature, violent or rebellious, listen to rock tunes, and do drugs. Some have organized groups against age discrimination. 3.2 Racial discrimination at workplace Racial Discrimination is any action or attitude, conscious or unconscious, which subordinates an individual based on race. According to the United States Civil Rights Commission, in 2007 the Equal Employment Opportunity Commission received 30,510 charges of discrimination based on race. Of those charges, 25,882 were resolved, culminating in $67.7 million in monetary benefits. In cases of institutional racism, corporation’s differences are thought to be indicative of varying levels of intelligence, morality, and sexuality. On a microcosmic level of institutions, racial discrimination also occurs in the workplace. Specific employment situations discussed by the Civil Rights Act include recruiting, advancement, work environment, classification of employees, and retaliation. In recruiting and advancement, all job requirements must be applied consistently. Employers may inquire about racial information for affirmative action compliance, but this information should be kept separate from an employee's application or the use of this information could be considered a basis of discrimination in hiring decisions. Once hired, racial and ethnic slurs, derogatory......

Words: 6707 - Pages: 27