Briefly write about Timkens history and its traditional strategy

Briefly write about Timkens history and its traditional strategy Essay Assignment Paper

Business Policy and Strategy Course MGMT 485
Fall 2016
Students Name: ________________________________
Section-I: Case: The Timken Company: Market Entry into Romania (A)
1. Please discuss some of the features of the global ball and roller bearings industry. Then conduct an analysis of this industry using Porters Five Forces Model. Finally as you reflect share a perspective about this industry. (You can draw the Five Forces Model and then discuss it or simply discuss it without drawing it.) (20 points)
2. Briefly write about Timkens history and its traditional strategy. Then discuss its strategic initiatives for expanding into the European market (Western Europe and Central Europe). (20 points)
3. What are the pros and cons for Timken in its proposed investment to acquire Rulmenti Grei (RG)? What are the merits and risks for Timken? Is this investment aligned with Timkens strategic intent for the European market? Should Mr. Jon Elsasser proceed with the proposal? Why or why not? (20 points)
4. Positioned in 1997 what can you say about Timken and about RG as you review their respective resources and capabilities as well as their performance? If the proposal is submitted and Timken wins the bid to acquire RG how do you see the integration working out? Looking at the financial data for the Timken Company (Exhibit 3) and for RG (Exhibit 8) provide some numeric support regarding financial assessment under resources. (25 points)

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Section-II:
1. To build a new organization or a new team a firm must first hire talented employees and then hire a manager. (1 point)
True False
2. A leader of an organization must be the spirit of the organization. Include a specific example of someone who functioned as the spirit of the organization and with that example briefly comment on the meaning and significance of this statement. (2 points)
3. An organization must do the following to survive and prosper in its industry over the longer run. Circle the right answer. (1 point)
a) Hire talented employees
b) Invest in training and development of its people
c) Build a strong culture
d) Innovate continually
e) Provide excellent customer service
f) Keep costs low
g) All of the above
4. On starting as a new CEO of a small firm you notice that the morale of the employees is very low. We had discussed a layered model for representing the composition of a business enterprise. This model had results at the top and culture and ethics toward the lower deeper end. With that model in mind discuss two specific steps you would take to improve morale and mention how these steps would help. (2 points)
5. Briefly describe the difference between a strong culture and a weak culture. (2 points)
6. What might be two symptoms in an organization that would make you say that this organization has an unhealthy culture? (2 points)
Section-III: A thought-provoking question in the context of strategic management (5 points)
Walmart is about 50 years old company. IBM Boeing UPS PepsiCo CocaCola and many others are nearly 100 years old. What is it about Walmart that in half the time it has achieved the status of worlds largest company and with more than double the revenues of some of these other firms? Identify and discuss some factors (internal and external) that might explain this. Consider the components of the firms strategic management process and the external environment in which it operates.

Briefly write about Timkens history and its traditional strategy Essay Assignment Paper

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