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Essay About Cooper Industries - Example Papers

Essay About Cooper Industries

OVERVIEW:
Cooper Industries is a broadly diversified manufacturer of
electrical and general industrial products, and energy related machinery
and equipment. The company operates in three different business segments
with 21 separate profit centers. These segments include electrical and
electronic, commercial and industrial, compression, drilling and energy
equipment. The product line is consisted of cheap fuses to $3 million
compressor tribune sets along with products such as hand tools and light
fixtures.

The company bid a $21-a-share tender offer to acquire Champion
Spark Plug, manufacturer of auto spark plugs, as a counter offer for the
Dana Corp.'s $17.50-a-share bid. Also, ...

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acquired companies made it possible for Cooper to be
independent of the outside environment and giving full control of the
manufacturing process concerning their business while avoiding anti-trust
allegations. Cooper basically purchased every company that is vital to its
energy industry and all the side industries that effect it. From tools to
fuses to cables to the drilling equipment was manufactured and distributed
by the corporation's divisions. Each acquisition is decided from a wish
list that was closely examined and studied. At the time of the take over,
the Management Development & Planning division would implement the
corporate strategy in a period of three to five years. This involves
diversification and elimination of the products 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:

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Essay About Cooper Industries. (2005, June 16). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Essay-About-Cooper-Industries/28584

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PAPER DETAILS

Added: 6/16/2005 04:29:08 PM
Category: Economics
Type: Premium Paper
Words: 604
Pages: 3

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