Midwest Lightening Inc. Case Essay - 610 Words

Midwest Lighting, Inc. Case Company Description * In 2005, the profit was approximately ($144,000 / $5,500,000) 2.6% of sales; does this number indicate whether the company is doing well or not? * I like how this company’s strategic position is to offer products, lighting fixtures, to specifically meet the needs of their customers; they have identified their target consumers and have strategically positioned and marketed themselves accordingly * It’s interesting that Midwest Lighting, Inc. owns and operates every aspect of their product line; they can control the quality of their products better if they have direct access to their resources of production * Midwest Lighting, Inc. conveys the same message as Dr. Becherer:†¦show more content†¦ting that Peterson has a business relationship with his accountant more than just relating to accounting (as stated in class is important) * It is important for Scott to have experience in different aspects of the business so that he can make well ju dged decisions; without experience and knowledge, the likelihood of running down a company is high * This case shows how hard it is for two people to work together for a common goal and vision when they are not on the same page; if Scott trusted and had confidence in Peterson they could succeed as a team * It is always important to know the value, strengths, and weaknesses, of a company to make proper assessments Valuing the Company * As said in class, it is important to make and keep good relationships with banks and bankers because they could make or break a company at some point * It is important to know the proper technique and method of valuing a company because different people may have different ways of assessing the value; it is also important in understanding the bank’s method of appraising and valuing a company or business Personal Financial Considerations * It all comes down to how important the business is to the individual and how badly they want to pursue the opportunity to determine if they will do whatever it takes to acquire the company; if there is no risk, then no reward but the risk and reward is unique determined by each individual * It is important to know theShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 PagesImages, Inc. Cover Design: Suzanne Duda Lead Media Project Manager: Denise Vaughn Full-Service Project Management: Sharon Anderson/BookMasters, Inc. Composition: Integra Software Services Printer/Binder: Edwards Brothers Cover Printer: Coral Graphics Text Font: 10/12 Weidemann-Book Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Copyright  © 2011, 2007, 2005, 2002, 1998 Pearson Education, Inc., publishingRead MoreCrossing the Chasm76808 Words   |  308 PagesInternet. But the overwhelming bulk of the changes in this new edition—representing about a third of total text—simply swap out the original examples from the 1980s with new ones from the 1990s. Surprisingly, in the majority of cases this swap works very well. But in other cases, there’s been a little forcefitting, and I want to beg your indulgence up front. The world has changed. The high-tech community is now crossing the chasm intentionally rather than unintentionally, and there are now competitorsRead MoreThe Five Dysfunctions of a Team a Leadership Fable46009 Words   |  185 Pageswritten permission of the publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the Web at www.copyright.com. Requests to the publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer