Monmouth, Inc - 3506 Words

For the exclusive use of P. ISLAS GARCIA 4226 JULY 31, 2010 THOMAS R. PIPER HEIDE ABELLI Monmouth, Inc. Harry Vincent, executive vice president of Monmouth, Inc., was reviewing acquisition candidates for his company’s diversification program. One of the companies, Robertson Tool Company, had been approached by Monmouth three years earlier but had rejected all overtures. Now, however, Robertson was in the middle of a takeover fight that might provide Monmouth with a chance to gain control. Monmouth, Inc. Monmouth was a leading producer of engines and massive compressors used to force natural gas through pipelines and oil out of wells. Management was concerned, however, over its heavy dependence on sales to the oil and†¦show more content†¦Their goal was to build, through acquisition, a hand tool company with a full product line that would use a common sales and distribution system and joint advertising. To do this they needed Monmouth’s financial strength. Dessex provided a solid base to which two other companies were added. In 2000 the Keane Corporation was acquired. The company had been highly profitable but suffered in recent years under the mismanagement of some investor-entrepreneurs. A series of acquisitions of weak companies with poor product lines eroded Keane’s overall profitability. Discouraged, the investors wanted to exit their ownership position, and Monmouth—eager to add Keane’s well-known and high-quality measuring and fastening tools to its line—was interested in the opportunity. It was clear that some of Keane’s lines would have to be dropped and inefficient plants would have to be closed, but the rules, ratchets, and wrenches would play an important part in Monmouth’s product strategy. Monmouth further expanded into hand tools with the acquisition of the Kroll Electric Corporation. Kroll was the world’s leading supplier of soldering tools to the industrial, electronic, and consumer markets. It provided Monmouth with a new, high-quality product line and production capacity in England, Germany, and Mexico. Monmouth was less successful in its approach to a fourth company in the hand tool business—the Robertson ToolShow MoreRelated King Arthur Essay1157 Words   |  5 Pages GRAPH Arthurian literature can be divided into two basic categories, pseudo-histories and romances. The main difference between the two is that pseudo-histories such as Wace and much of the Celtic work, for example, Geoffrey of Monmouth show Arthur as a strong, central character, making him the dominant figure in the story. He is the one who goes on quests and battles, gaining respect and glory for his court. In romances, however, Arthur is most often overshadowed by his knightsRead MoreInternational Marketing Of A Us Company1078 Words   |  5 Pages International Marketing of a US Company: Apple, Inc. Nick Gildea, Susie Kim, Courtney Kurkemelis, Lexie LaSala 12 February 2015 Professor Min Lu Monmouth University â€Æ' Table of Contents Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 Apple, Inc. Goes International†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦4 Advertisement Promotion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 Distribution†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Pricing†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Success†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Read MoreMonmouth Case Solution678 Words   |  3 PagesMonmouth Case solution 1. To escape their dependency on a single industry, Monmouth managed to reduce their business risk by acquiring small different industrial manufacturers in addition to becoming a market player in the hand tool business, by acquiring 3 of the market leaders, a move that diversified Monmouth’s business and ultimately reduced their business risk. In analyzing the financial risk, the continuous acquisitions have definitely increased the operational risk for the company. SinceRead MoreCase questions Essay1051 Words   |  5 Pagesï » ¿Principles of Corporate Finance Comprehensive Case Questions Tire City, Inc. 1. Evaluate Tire City’s financial health. How well is the company performing? 2. Based on Mr. Martin’s prediction for 1996 sales of $28,206,000, and for 1997 sales of $33,847,000 and relying on the other assumptions provided in the Tire City case, prepare complete pro forma forecasts of TCI’s 1996 and 1997 income statements and year-end balance sheets. As a preliminary assumption, assume any new financing required willRead MoreRobertson Tools Company1058 Words   |  5 PagesRobertson Tools Company value analysis Monmouth Inc. is a leading producer of engines and massive compressors used to force natural gas through pipelines and oil out of wells. It is has dependence on sales to the oil and gas industries, the earnings of which is fluctuated owing to cyclical nature of heavy machinery and equipment sales. Anyway, the company’s amount of earnings growth and sales are above average in long-term view. From the last three acquisitions the company adhered to only leadingRead MoreMonmouth Report1385 Words   |  6 PagesEXECUTIVE SUMMARY This report will analyze the price Monmouth should pay to acquire RTC by using DCF, market multiple, and stock exchange approaches. Rationales on why RTC is a good acquisition by Monmouth RTC is a good acquisition by Monmouth as it falls under their three established criteria for all acquisitions, and also because the future potential profits, growth opportunities and synergies from this acquisition is likely to be greater than the cost of this merger. Sources of synergy gains Read MoreCorporate Finance Essay examples4203 Words   |  17 PagesMonmouth, Inc. Questions 1. Is Robertson an attractive acquisition for Monmouth? (MON) 2. What is the maximum price that MON can afford to pay based on a discounted cash flow (DCF) valuation? What would be the maximum price per share? †¢ Estimate the WACC †¢ Credibility of the forecasts developed by Vincent and Rudd? †¢ Estimation of the terminal value. †¢ What determines whether sales growth is value-creating versus destructive of value? 3. What is the maximum price based on market multiplesRead MoreStock and Long Term Trend1513 Words   |  7 PagesTeam 1 Monmouth Case 1. Is Robertson a good candidate for Monmouth (assuming the price is right)? Why? Yes. Robertson Tool Company had been going through a few years of low sales and profit, and, coupled with conservative financial and accounting practices, was far behind the normal growth rate for companies in its industry. Robertson’s 50% control of the market for clamps and vises, along with its good position in the scissors and shears’ $200 million market, let it compliment the diverseRead MoreMonmouth Case Study1592 Words   |  7 PagesMonmouth, Inc. - Case Study - Strategy 1) Describe briefly Robertson’s business and the key factors to succeed in it. How well is Robertson doing from an operational standpoint? What KPIs should one consider? Robertson is one of the largest domestic manufacturers of cutting amp; edge hand tools and a leader in its two main product areas: * Clamps and vises: the company holds a 50% share of a market estimated at $75-million, with a reputation for high-quality and a very strong brand name Read MoreMonmouth Case Study1581 Words   |  7 PagesMonmouth, Inc. - Case Study - Strategy 1) Describe briefly Robertson’s business and the key factors to succeed in it. How well is Robertson doing from an operational standpoint? What KPIs should one consider? Robertson is one of the largest domestic manufacturers of cutting amp; edge hand tools and a leader in its two main product areas: * Clamps and vises: the company holds a 50% share of a market estimated at $75-million, with a reputation for high-quality and a very strong brand name

Liberia’s Mental Health Care a Crucial Need for Improvement

Liberia’s Mental Health Care: A Crucial Need for Improvement By Ernest S. Maximore INTRODUCTON Liberia, a country with 3.5 million population has only one mental specialist, Dr. Benjamin Harris and one psychiatrist hospital, E.S. Grant Hospital, which is not even a public hospital. It is practically nonexistent because of little or no support: wreck facility, lack of more psychiatrists and outpatient service dysfunctional. This is a gross disproportion to the increasing mental health related illnesses budding in a country where citizens suffered 14 years of civil war with increasing post war traumatic mental health problems. It important to note that Liberia is a country whose citizens experienced 14 years of†¦show more content†¦Liberia’s Government only public Hospital, Catherine Mills Rehabilitation Center, was destroyed during the civil war. Mental health care, in effect is practically non-existent in the country. There are no outpatient or inpatient treatment options available at health clinics or health centers, and no psychiatric wards at county hospitals. In addition, there are no specialized services for the developmental and mental health needs of children and adolescents, and no services for other vulnerable groups, such as geriatric patients. There are also no rehabilitation services for alcohol and other substance use disorders or for individuals with deficits and handicaps that result from their mental illness (National Health Policy, Republic of Liberia, 2009). Psychological Impact of the Liberian Civil War There is no doubt the Liberian civil war has had a grave impact on the psychological wellbeing of both combatants and non-combatants as well. The scare of the war continues to resonate in the minds and hearts of direct and indirect victims since little or nothing sustainable has been done to provide relief and treatment as result of the dysfunctional mental health system in Liberia. As one writer puts it, there are many â€Å"walking talkers†Show MoreRelatedGovernment Of Health Systems : Liberia And Sierra Leone8463 Words   |  34 Pagesservices. However, the state of health systems for the last 20 years is difficult to overcome. Liberia and Sierra Leone were each embroiled in civil wars until the mid-2000s. Porous borders and a shared diamond belt meant that their conflicts were often shared, as political strife, violence, looting, armed forces, and refugees moved to neighboring countries. , Guinea in particular was on the rec eiving end of refugees. During that time in all three countries, health systems were uniformly poor, with

How does Fitzgerald tell the story in chapter 6 of The Great Gatsby Free Essays

Fitzgerald uses Nick to introduce the readers to the evolution of ‘James Gatz’ to Gatsby. Straight away Nick is telling the story in retrospect, once again which is an indication that the narrative is based more on his thoughts and interpretations than facts – meaning his reliability can’t always be trusted, and starts the chapter about Gatsby straight away and how there is an ‘ambitious young reporter’ on his ‘day off’ to question Gatsby. He is there to gain information from Gatsby about the rumours of him being a ‘German Nazi’ and his popularity over the recent summer. We will write a custom essay sample on How does Fitzgerald tell the story in chapter 6 of The Great Gatsby? or any similar topic only for you Order Now This is actually a use of foreshadowing because they are not there for Gatsby but to question his ‘accepted hospitality’ which is later seen in chapter 9 where people gather to reveal information about the ‘madman’ Wilson and the death of Gatsby, not actually Gatsby himself, just the role he plays. This chapter is not told in chronological order, due to Nick admitting he tells the anecdote of Gatsby’s past, first and Gatsby ‘told me all this very much later’ which means Fitzgerald decided to show the reader of Gatsby’s past of ‘unsuccessful farm people’ to another lavish party Gatsby throws so the reader understand how he got from point A to B. This is also part of Nick’s manipulating narrative because we are told how Gatsby ‘didn’t get it’ (the money from Dan Cody) which paints Gatsby is a good light because he built up his own wealth from not wanting to be a ‘janitor’ anymore. However, its also the work of Tom do we understand Gatsby and Nick aren’t being completely open about his wealth because Tom suddenly suggests Gatsby is a ‘bootlegger’ meaning Nick starts the chapter with an anecdote of Gatsby’s heroic attempt to save Dan Cody’s yacht but refuses the admit h e then later created his money from illegal behaviour. The main setting of chapter 6 is Gatsby house. However, it’s seen at day time and night. In the day time we see how Gatsby has guests who include Tom Buchanan are ready to leave. They invite Gatsby but end up leaving without him. This shows how Gatsby isn’t really anyone’s friend and that people really do use him for his ‘hospitality’ not friendship. This shows how ‘twilight’ contrasts against the ‘Sunday afternoon’ to show how Gatsby is polite and welcomes people into his home but no one will repay the favour. This, however, could be another manipulation made by Nick to get sympathy for Gatsby because this is all told in retrospect meaning when we hear how, in chapter 9, that Nick is ‘on Gatsby side and all alone’ he could be using previous chapters, like 6, to manipulate the past. Fitzgerald also uses motifs and colour to tell the story in chapter 6. This is conspicuous when Daisy says to Nick, ‘present a green card. I’m giving out green-.’ This is to show mouldy love because Daisy had previously said; ‘if you want to kiss me’ which Nick would not want to do because he does not love Daisy, meaning the ‘green card’ is a representation of mouldy love. However, it must not be forgotten that Gatsby looks at the dock for the ‘green light’ before reuniting with Daisy, which could be a suggestion from Fitzgerald to show how Gatsby’s and Daisy’s love has expired over the ‘5 years next November’ yet both of them are unable to admit it. This is also a use of foreshadowing because green can also represent freedom, freedom is actually what Tom and Daisy always seem to convey after something has gone wrong, meaning that they are able to move on swiftly after events, such as Gatsby and Myr tles death. How to cite How does Fitzgerald tell the story in chapter 6 of The Great Gatsby?, Papers

Recruitment & Selection Policies - Solution of Analysis Report

Question: Analyse the recruitment and selection policies of chosen organization, to show how they attempt to maintain and improve their positions in the sector in which they operate. The organization chosen is Harrods London. Answer: Introduction: All over the world, Harrods is a recognizing brand. It has the 330 different departments all over the world. Its brand values are the biggest asset for the company. The organization mainly stands for its brand values. Innovation, sensation, luxury, service are the values of the Harrods. Fig 1: values of Harrods The recruitment and selection process of Harrods should be unique so that they can increase their profitability with the vital resources of the organization. The public faces of the company are the employees of the organization. To ensure the day-to-day running of the business, they have to interact with their employees, customers, managers, stakeholders etc. In 2010 from Mohamed Al-Fayed Qatar holding purchased Harrods. To the continuing success of the business, they recognize the engaged employees in the organization. In the recruitment and selection process, the main role to manage employee relationship in the organization is human resource department. There are different recruitment policies and procedures of every company. Therefore, Harrods has the different recruitment policies and procedures to increase the employee engagement in the company (Abou-Moghli, 2015). The recruitment and selection polices are following: The policy of conduct scrutinize by the organization only. From the time, the recruitment date to open the job vacancy to the position fills, it happens in chronological order. The suitable candidate for the organization that has the specific skills and knowledge for the open position in the organization has to be identifying by the human resource department of the company. The company should give the best opinion about every candidate so that they can choose the right candidate from the whole lot. All applicable employment laws to the candidates those are selected by the company. It means the company is giving the equal opportunity to every candidate (Fabel and Pascalau, 2013). Essential principles: The recruitment polices and the selection procedure is based on the underlying principles that are following: Based on sustainability with respect to the position, the applicant will be chosen by the company. The company to all the applicants should inform the details of the vacant position and the application procedures. The company should provide the necessary information to the candidate so that they can have a clear idea about the job description. The company should see if the candidate is suitable for the position or not. The company should not be disclosing the candidates information with others; they should respect their privacy and should be treating with confidentiality with the candidate information. If any employees of the organization are submitting any complaint in written to the company, then it is the responsibility of the company to give response of the compliant in writing (Ghazala Ishrat, 2013). A vacancy within the company and the recruitment candidates takes place the policies are applies to a procedure that is conducts by: a) Notice board or internal recruitment b) Advertisements through newspaper, online media or public announcements by the company c) Executive search Position information: If the company wants to fill a vacancy for a particular position then the company decides the vacancy should be filling or can be hold or not. The specific job detail will need the specific candidates who are suitable for the position or not. The job description should clearly mentioned by the company to the candidates. The company to the candidates should clarify the specific duties and the responsibilities of the particular position so that they can have the clear idea about the position (Thibault et al., 2015). The employment status or the nature of the employment should clarify by the company to the candidates that the job is for permanent basis or for temporary basis. The employee need to work in the shift or should be working at a specific hours. The company that is skills and knowledge, experience about the particular job should consider the professional proficiency of the job description. The company should give a detail idea to all the employees in the organization about the job description of a particular job (Machado and Davim, 2014). Recruitment: The job advertisement will state the method of application, in relevant to the job description. Selection phase: The company should give the proper details to the candidate that at what time the employee should join in the organization. If the company found the right candidate for the specific job description, then the vacancy should be close at a proper time. Some more conditions that need to consider by the company are following: a) When the vacancies of the company fully closed, the rejected application needs to be considering by them (Mahmood, 2014). b) The interview of the candidate schedule needs to be invited by the company. The company should inquire the same questions for the related job or position to the candidate so that the company can know about the candidates knowledge, experience, and their educational background so that the company can know about them very clearly. The company should inform the candidates about the detail job vacancy and the information about the complete order of the job description so that the employee has the detail idea about the job specification (Miles and Sadler-Smith, 2014). Further information: If the employees need the further information about the job description or the duties and the responsibilities of the specific job then the company should take the responsibilities to give a detail about the job description to the employees of the organization. Rejection and completion of the application procedure: In the process of selection and recruitment procedure, if the company has realized that the many candidates did not fulfill the criteria for a specific job then the company should give a message by email or in written process so that the candidate have a clear proof of the process. There will be a situation when the candidate fulfills all the criteria but the job vacancy for some particular position has already filled then the company can retain those candidatess resume in their database for further clarification (Neumann, 2013). Conclusion: After considering the above discussion, the company Harrods is using these policies for recruiting and selecting the right candidate for their organization to increase the profitability and the quality of standard. References Abou-Moghli, A. (2015). Recruitment and Selection and Their Effect in Achieving the Institutional Excellence.International Business Research, 8(3). Fabel, O. and Pascalau, R. (2013). Recruitment of Seemingly Overeducated Personnel: InsiderOutsider Effects on Fair Employee Selection Practices.International Journal of the Economics of Business, 20(1), pp.57-82. Ghazala Ishrat, G. (2013). A comparative study of Recruitment Selection, Training and Development policies in Indian MNCs and Foreign MNCs.IOSR Journal of Business and Management, 7(5), pp.29-43. Machado, C. and Davim, J. (2014).Work Organization and Human Resource Management. Dordrecht: Springer. Mahmood, M. (2014). Strategy, structure, and HRM policy orientation: Employee recruitment and selection practices in multinational subsidiaries.Asia Pacific Journal of Human Resources, 53(3), pp.331-350. Miles, A. and Sadler-Smith, E. (2014). With recruitment I always feel I need to listen to my gut: the role of intuition in employee selection.Personnel Review, 43(4), pp.606-627. Neumann, G. (2013). Recruitment policies.The Physics Teacher, 25(2), p.72. Thibault, E., Lynch, L., McBride, R. and Walsh, G. (2015).Proactive police management. Boston: Pearson.