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Case study on: Miller Tool Company
To,Ms. Anuradha Pandit
Presented By:Darshan Patel
Vijay Aslaliya
Bhavin Donda
Gopal Rakholiya
Jaydeep Rozia
Akshay Khatri
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Situation Analysis
MTC was established in Year 1890.
Company was listed to New York Stock Exchange in Year 1920.
McFettridge became President in Year 1960.
Good Financial position : Rs. 70 million in quarter
McFettridges thoughts:
To bring Automation
To counter balance dependence on heavy industry.
Acquisition: 11 companies & 7 businesses
President McFettridges death in 1969.
New President: Henrey Augener
Eugene De Witt- sound financial background was also appointed.
Problems arises among MTC and subsidiaries.
Both work on solving problems arised in MTC and subsidiaries.darshan
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Alternatives
Integrate all five electronic companies.
Integrated 5 electronic companies 1 Manager
Baking Co.( largest company) 1 manager
Trucking Co. (supporting company)- 1 Manager
Dry cleaning Co. (less investment, more profit) -1 Manager
Building maintenance Co.
Construction Co. 1 Manager
Automation of subsidiary companies along with MTC .Company should divest Highway and other public works.
Akshay & jaydeep
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Best alternatives Augener should hire managers as per company structure
wise.(As given in Alternatives).
Eugene De Witt will assist Augener to divest poor performing
company and help subsidiaries for finance.
Disinvestment of highways and other public works.
Because:
It takes time to pass the tender and some govt. rules and
regulation.
It also Requires huge investment.
For automation purpose both subsidiaries and MTC will help
financially and technically to each other.
bhavin
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Conclusion
Finally we conclude that company can perform well
efficiently and profitability only if all stated alternatives are
implemented. After that also how that alternatives work will be
measure.
In case any wrong matter, necessary actions will be taken and
control will there throughout implementation.
Gopal