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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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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. (2007, August 13). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Essay-About-Cooper-Industries/69540

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PAPER DETAILS

Added: 8/13/2007 09:11:37 PM
Category: Economics
Type: Premium Paper
Words: 604
Pages: 3

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