U.S. Major Home Appliance Industry in 2002

Essay specific features

 

Issue:

Business

 

Written by:

Michael G

 

Date added:

November 29, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 690

 

Was viewed:

8067 times

 

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Essay content:

With the help of two different CEO's, Caterpillar transformed itself. CEO George Schaefer introduced cost-cutting measures and employee involvement programs also outsourced machines, parts and components. CEO Donald Fites diversified Caterpillar's product line and reorganized the company structurally...
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Facing weak competition both at home and abroad, Caterpillar charged premium prices for its high-quality products, paid its production workers union-scale wages, offered its shareholders high rates of return on their equity and enjoyed superior profits. In 1982 following a record year of sales and profits, Caterpillar suddenly plunged into three successive years of rising losses totaling nearly $1 billion...
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