Task:
I am truly in need of assistance with the following task as I am experiencing grave difficulty in gathering information on the strategies for the company specified. Also it appears that one of the company's (Porter-Cable) was possibly acquired by another (Black and Decker). The task is the following:
Please compose a 3-5 pg. essay answering the following questions:
Now that you have studied economic indicators, it's time to turn your attention to competition and considering the future via forecasting. Prepare a report detailing the following:
1 - First, review the web sites of the following companies participating in the power tool industry: Black and Decker, Makita, Bosch, Porter Cable. List as many corporate, business, functional, and operating strategies for each company as you can glean from the posted literature
2. - Considering that forecasting services and other information agencies often differ in their prediction of the future state of the power tools industry and vital economic indicators, how would you go about putting a forecast together given these disparities?
Websites which were provided are the following: https://www.blackanddecker.com/
https://www.makita.com/, https://www.boschtools.com/, https://www.porter-cable.com/index.asp?e=269
From what I have read/gathered - Black and Decker is focusing on quality, has acquired companies to assist in their growth and are trying to increase their market share, customer loyalty and are trying to become a truly multinational organization.
Bosch - They are trying to focus on R&D, quality and delivering a quality product to the customer as quality is what is what is important. Yet, that is along with proper pricing. Additionally, they are attempting to balance high-cost wages throughout their organization to decrease operational expenses and increase their reach throughout the market.
Makita is a large and growing company which is increasing their focus on the professional tool user thereby redesigning their marketing and product line.