Electrolux

Abstract Whirlpool Corporation began in the early 1900’s as a company motivated to produce washers with a wringer attachment. The innovation soon caught the attention of identical industries, driving the company to borrow funds to expand and increase production. However, in the midst of the Great Depression, the company was faced with inadequate sales to pay back the money borrowed from Sears. Although with a workable agreement and a stock exchange, the loan was forgiven. Soon, both companies expanded the Kenmore line of washers in to international markets, driving demand; thereby, leading Whirlpool Corporation to innovate its own product line. Today, Whirlpool has built its brand portfolio through various acquisitions involving distinct makes and models of home appliances, each having diverse product features. The company’s continued survival depends not only on acquisitions made in the U.S., but expanding their premise within other countries. Whirlpool Corporation’s Growth in the Appliance Industry In 1911, Whirlpool Corporation began as Upton Machine Company, a manufacturer of motorized wringer washers designed to run on electricity. Other companies soon caught on, compelling Upton to acquire credit from Sears to increase its growth. Soon after, an economic downturn developed causing Sears to acquire stock in Upton Machine Company. However, after changing its name to The Nineteen Hundred Corporation, demand for Sears brand appliances began to increase,…

Abstract The paper analyses the competitiveness of Electrolux as a multinational corporation. There are reasons that make the company to be fit for competition with the local Chinese manufacturers of home appliances. The paper also discusses how Electrolux is influenced by the resource based view in its strategy. In view of Porters four generic strategies, Electrolux would be much safer with cost leadership strategy and differentiation. The company has shown leaning towards making itself…

Identify Porter’s four generic strategies. Discuss which of these would work best for Electrolux. According to Collins (2010), Porter developed five generic strategies by which businesses could select from and implement to best achieve a competitive advantage in any given marketplace (as cited by Porter, 1980). Focusing on either a narrow or broad market segment, Collins (2010) notes that Porter’s five strategies fall under the classifications of focus, cost leadership and differentiation (as…

during the 1920s to 1940s for her creative works as a painter, printmaker and for introducing Aboriginal artists into contemporary art. Margaret was born on April 29, 1875, Port Adelaide. Margaret Preston was an influential teacher of art, taking students for private tuition. This influenced, and gave her the freedom to pursue her own artistic/creative visions. Preston’s students persuaded her to study in Europe and the United Kingdom to share more of her techniques. In 1929 Margaret became…

stroke, alcohol abuse, heart and kidney disease, suicide and homicide. Moreover, the video talks about how the closing of a manufacturing plant in Greenville, resulted in a rise in the number of health issue caseloads within local hospitals. In addition, professor Harvey Brenner predicts that there will be a rise in deaths due to the rise in unemployment, and the shutdown of Electrolux in Greenville. Furthermore, more and more people are suffering from unemployment with their health because of…

Secondly, globalization preformed like a wall for people in the US to achieve their American Dream by taking advantage in the business of the employers. “James Truslow Adams first introduced the concept, he credited the dream with having lured tens of millions of all nations to our shores” (Bayles). In the past, “the original dream was called the dream of hard work and intergenerational mobility” (Bayles). On the other hand, “this new dream features a fantasy of young, unattached men and women…

The Wenner-Gren Foundation for Anthropological Research is a private operating foundation. It was founded in 1941 with two million US dollars in Electrolux and Servell stock with an original mission to promote “research, educational, technical and scientific work.” However, it rapidly became clear that the endowment was too small to compete with major foundations such as Ford or Rockefeller and its focus shifted to the then nascent field of anthropology. The founders’ original justification…

cleaned up. To my mind worldwide, Black and Decker as a brand offered the first examples of a cordless dust buster, even if they might not be the first brand to do so, officially. Cordless dust busters have also been sold on the idea that the more volts the motor has, the more suction power can be had. This idea was sold long before the versatile arrangement of a cordless upright market came to light. The cordless upright vacuum has been on the market (and in my experience and knowledge) since…

In this video, the focus is on unemployment in a community where the common job supplier is a company called Electrolux. The major issue that the video seems to analyze is, not only the effect of the job loss on these individuals (who lost their jobs), but also the effect this takes on their families. A few children of these workers were questioned about the whole situation. According to the structural-functionalist paradigm, one can easily view the function that well-paying jobs, like those in…

Retail serves consumers through a small grocery store to a huge departmental store. Retail Industry is heavily dependent on consumer spending. • Internet and E-Commerce- Internet, the ubiquitous medium has opened a new avenue in front of the Retailers. It has offered an opportunity to the consumers to shop from the home. As it stands today overall Retail sales through internet may not be that significant but gradually it is gaining popularity amongst consumers. Amazon.com is successful in this…