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Harnischfeger Corporation
Essay specific features


Written by:
Kenneth M
Date added:
December 3, 2015
Level:
University
Grade:
A
No of pages / words:
6 / 1649
Was viewed:
8778 times
Rating of current essay:
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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