Over the many years of his life, many of his inventions helped improve society in the past and in the present. An author, who is unnamed, but used many resources to create a website dedicated to Edison, explains, “Over the next ten years he produced many important inventions, including three that made him famous: a more modern telephone, the phonograph, and the incandescent lightbulb. Although Alexander Graham Bell was the actual inventor of the first telephone, Edison developed a transmitter that greatly improved the quality of Bell's invention” (“Scientists: Their Lives and Works”). He produced many inventions including the telephone, the phonograph, and the lightbulb. Although Alexander was the creator of the first telephone, Edison created a transmitter which improve the invention.
The largest manufacturer of welding machines and electrodes is the Lincoln Electric Company. Founded in 1895, it employed in 1989, 2400 employees and had 40% of the market share. This company is successful and has an incentive management plan which is considered “a model for achieving high worker productivity” (Sharplin, 1989, 1). I will be analyzing the case study by Sharplin in this essay. John C. Lincoln, inventor and engineer, set the foundation for this company, but it was his younger brother James F. Lincoln who improved its financial condition.
Stage 1 is the analytically Impaired stage which I believe they were in this stage during the 1930’s when they only had one service bay (Pepboys). After getting more accurate data to improve operations and realizing the growth in consumer demand they decided to go public. This is where they began stage 2, “Localized analytics”, The infusion of cash went directly into growing the business, and Pep Boys followed the masses out to the suburbs, this answers their question of “what can we do to improve this activity?”. This shows their objective to improve one or more functional activities. Stage three happened over the next 20 years as they tripled their number of stores, and in 1970 They reached stage 4 by 1970 where Pep Boys now provide service for more than six million cars and car owners each year.
Many researchers refers that Wal-Mart has annual revenues of over $100 billion, according to 3,000 stores and more than 750,000 employees worldwide. Wal-Mart operates all their stores and the products from it stocks, and they help speed checkout, with the same philosophy: and they provide low prices and superior customer service. They eliminate Lower prices of frequent sales promotions. They invested their unique cross-docking inventory system. The Cross docking can enabled them to achieve economies
It was the first device capable of recording sound magnetically. It used a magnetic wire to record and its successor was magnetic tape recording. Basically it was the use of a magnetisable medium, which moves past a recording head. Telegraphone In 1906, Lee De Forest invented the Audion Tube. The Audion Tube was used to detect and amplify signal in early radios.
METRO 's direct-mail system was revolutionary for that time: Customers received weekly advertising materials that were personally addressed to them. METRO Cash & Carry concluded an agreement with the Dutch company Steenkolen Handelsvereeniging and opened the first store outside Germany in the Netherlands under the brand name MAKRO. 1970-1979 The first MAKRO store was opened in Belgium. At the time, the wholesaler was already operating 13 METRO stores in Germany. Today, the MAKRO store network is well developed: in Belgium, no customer is more than 30 minutes away from a MAKRO store.
Company Background Birth of Hewlett Packard (HP) can be traced back to a very humble beginning by Bill Hewlett & Dave Packard in a one car garage in 1939. Dealing in electronic test & measuring instruments for first 20 years, HP has now expanded its range to include Computers, calculators’ medical electronic equipment, instrumentation for chemical analysis & solid-state components. In 1980 sales had grown at a compounded rate of 23% over the last decade whereas net profits had compounded at 27%. Such a growth was thus followed by the increasing number of employees which rose to 57,000 across the world. There are presently twenty manufacturing locations across United States & eight others around the globe.
Edison began his production with the phonograph by testing with a diaphragm from a telephone receiver by connecting the needle to the diaphragm (Bellis para 4). Edison mapped, experimented, and altered methods to conceal sound on the exterior of cylinders and discs (Bedi para 22). Edison discovered that the tape he was using for another invention, the telegraph transmitter, made a noise that sounded like words at the highest speed (Bellis para 2). Edison hoped that when the needle touched the paper tape, that the tape would play a sound or a message (Bellis para 4). Outstandingly, one of Edison’s models was successful; furthermore, he used wide sheets of tin foil that was placed around a metal cylinder and a crank when rotated made the cylinder move with a screw which made it shout into a cone that was connected to a narrow diaphragm and stylus/needle (Bedi para 29).
BASF has customers in more than 200 countries and offers its services and products for a big variety of industry. Over 34,000 people are involved in the development, testing, manufacturing and sale of several thousand products for example electronic chemicals as well as raw materials for detergents, paints and coatings, plant protection, plastics and pharmaceuticals. The company slogan is “BASF We create chemistry” and their advertising use to the public were highlighting always the tagline” At BASF, we don’t make a lot of the products you buy. We make a lot of the products you buy better”. Thus, “It has been assumed that BASF aim is to increase and sustain their business value through growth and innovation, depending on relationship marketing strategy which focuses on customer retention and satisfaction also achieving more efficient agriculture and healthier nutrition”.
In fact, the real miracle was not the product, but the marketing. Now, 45 years later, anyone could take marketing lessons from the pioneer company, which is dominated the market for decades. The continuous incremental innovation was the backbone of company’s growth. For that reason, the company spends almost $ 2 billion every year on research and development (for the whole group), which is 50% more than the second competitor and more than all competitors combined. In addition, the company invests another $ 400 million in consumer research (e.g.