PEPT (Portable Electric Power Tools) Industry and Able Corp
Not what you're looking for?
Can you help me get started on this assignment?
There are four direct general economic indices that are used to forecast the sales of the PEPT (Portable Electric Power Tools) Industry in which Able Corporation operates. These are housing starts, expenditures for residential construction, expenditures for commercial construction, and expenditures for home repairs and improvement. (Underlying these indices are more fundamental factors such interest rates, inflation rates, and foreign exchange rates.) The direct general economic factors can be counter-cyclical to each other, as when residential construction expenditures are down due to high interest rates, while home repairs and improvement expenditures are up as homeowners opt to improve their current dwellings rather than build new ones. The short and long-term forecasts for these indices can often vary significantly amongst the various forecast services
In Phase 1, the emphasis was primarily, though not exclusively, introspective. At this juncture, it is necessary to understand the external environment under which Able operates and the nature of its competition. In order to properly identify Able's potential, frame its mission statement, execute its value proposition, and set achievable strategic objectives, it is necessary to perform a rigorous analysis of available information resources. These include annual reports of the competitors, channel/distributor studies, predictions of economic forecast services, and industry reports.
* Research the key general economic indices affecting the power tool market and list any available projections. If significant differences exist between the various forecast services, highlight them.
* Obtain and list the historical actuals for the past 5 years.
* How does this information affect the power tool market?
* Considering that forecasting services and other information agencies often differ in their prediction of the future state of the power tools industry and vital economic factors, how would you go about putting a forecast together given these disparities?
Purchase this Solution
Solution Summary
The response addresses the queries posted in 1595 Words, APA References
Solution Preview
Please find the file attached.
As you know, BrainMass is not an assignment-completion service. This response is meant to assist you in tackling your questions and to help you learn the material needed to understand the problems.
Thanks
-----------------------------------------------
Introduction
This paper gives a detailed analysis of various economic indices which affects the power tool market. In present scenario, to develop a competent position in the global market, it is necessary for the organization to forecast the economic factors, which directly or indirectly influence the productivity and profitability of the organization. It also describes mission statement, value proposition and strategic objectives for Able Corporation. Apart from this, it will also discuss the annual reports of the competitors and predictions of economic forecast services.
It will also discuss the forecasting services for Able Corporation, which in turn assist it to analyze the vital economic factors. The paper will assist the reader to gain an in-sight about the tools and techniques used to forecast the economic projections for the organization in an effective manner.
Mission statement
To offer quality products & services and enlarge the business internationally.
Value proposition
It is based on those practices which are administered to satisfy the expectations and demands of the key customers. It also involves quality aspects, which indirectly states the strategic objectives for the organization. It consists of various aspects, which assist the organization to deliver quality services and products to the customers (Boone & Kurtz, 2006). These are as follows:
 Specific information
 Key quality features
 Inherent message for the customers
 Unexposed strategic objectives
Strategic objectives
This is the key component of the organizational strategy, which determines the success or failure of an organizational strategy. These are based on the mission statement of Able Corporation. These are developed on SMART patterns, which means specific, measurable, achievable, reliable target. These are as follows:
 To advance the tools and techniques of production and manufacturing
 To expand the business portfolio at international level.
 To increase the returns
 To boost the market share
Rigorous analysis
This is an important part of external environmental analysis, which is used to identify the key information about those factors which assist the organization to compete in the market effectively. This includes various factors such as competitor annual reports, channel/distributor studies and predictions of economic forecast services. ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce