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U.S. Major Home Appliance Industry in 2002
Essay specific features
Written by:
Michael G
Date added:
November 29, 2015
Level:
University
Grade:
A
No of pages / words:
3 / 690
Was viewed:
8137 times
Rating of current essay:
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...
displayed 300 characters
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