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NACCO Competitive Analysis: John Deere. Timothy Webster Megan Willis Maura Hernandez Nicklas Johansson. Company BackGround , Strategic & Financial Overview. Brief History Locations Ownership Mission, Strategy & Objectives Aquisitions Financial Overview. Company Backround.
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NACCO Competitive Analysis: John Deere Timothy Webster Megan Willis Maura Hernandez Nicklas Johansson
Company BackGround,Strategic & Financial Overview • Brief History • Locations • Ownership • Mission, Strategy & Objectives • Aquisitions • Financial Overview
Company Backround • John Deere, founded 1837 • Steel Plows • One of the leading manufacturers of agricultural, constructionand turf & forestryequipment. • Alsoproviders of financial services
Locations & Staff • Headquarters in Moline, Illinois and Mannheim, Germany • Manufacturing plant, offices and otherfacilities in over 30 countries • Employsapproximately 55,700 persons worldwide
Ownership • Traded on the NYSE • Samuel R. Allen, Chairman & CEO • Different presidents for SBU
Mission, Strategy & Objectives • Four Key Values • Integrity • Quality • Commitment • Innovation • Main goal - Maintain a sustainable SVA growth (ShareholderValueAdded) = firm’sworth for the shareholders /ability to enrichtheirshareholders • SuccessFactors • Exceptional operating performance, disciplined SVA growth and high- performance team work
Mission, Strategy & Objectives • To be morecompetitivetheywant to addfouradditionalabilities to strengthentheir business • Deepercustomerunderstanding • Deliver morecustomervalue • Improvetheir distribution system • Growing and takecare of talent within the company
Mission, Strategy & Objectives • Alongwith the increase in the world’s population • Food, fuel & fiber • Higher output in agriculture • 2050, 70% will live in cities • Mechanizedfarming • Betterinfrastructure
Performance From 2009- 2010 • Net sales: 14% increase • Net income, 13% increase
Products • Deere Products available • NAACO Products available
Deere vs NACCO Products • John Deere • Skid Steers • Difference in series • NACCO • Product Line Classes • Differences in Classes
Pricing • John Deere Pricing • Costume • Dealers • Online • Payments and Deals
Financial year of 2011 • Net Income of $2,8 billion • Net sales and revenues of $32 billion, up 23% • Expectsfurthergrowth in 2012, and netincome is projected to be approximately $3,2 billion
Marketing • Advertising • Product Innovation • Marketing Strategy
Manufacturing • Population growth and Deere & Co. • International Expansion
Marketing • Advertising • Product Innovation • Marketing Strategy
Agriculture Residential and Golf & Sport Forestry Construction Commercial, Engines and Drivetrain
Manufacturing • Population growth and Deere & Co. • International Expansion
Financial RATIO & SWOT Analysis NACCO vs. DEERE
Financial Analysis Conclusion • Deere is more attractive to lenders • NACCO is more efficient with assets • NACCO uses less debt to finance operations
Conclusion • Financial and Strategy changes, but strategic goals need to stay the same • Cut down on costs • New Technology and expansion