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Essay

Harnischfeger Corporation

Essay specific features

 

Issue:

Business

 

Written by:

Kenneth M

 

Date added:

December 3, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1649

 

Was viewed:

8715 times

 

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Essay content:

In addition, Harnischfeger has appeared to have achieved a majority of its desired outcomes from each of its four changes as shown below. • Harnischfeger’s desired outcomes from hiring a new COO and Vice President of Finance and Administration were to re-build investor and creditor faith in the company and show them that it is taking serious actions to improve its performance starting with a new executive team...
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Investors’ new interest in the company, such as Mr. Peter Roberts, and bankers willing to re-extend credit to Harnischfeger’s after not meeting its working capital, quick ratio, and net worth requirements, illustrated that Harnischfeger was able to improve its image. • The desired outcomes from cost reductions, such as reducing the workforce by almost half and eliminating management bonuses, are to reduce cost of goods and increase operating income...
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