Strategic Recommendation for Teradyne

Analysis of Teradyne based on the five strategic principles The management of the Teradyne Company is looking for the best strategies to ensure that their products and services are optimized. Considering the first strategy to combat the threat of entry of new companies that offer the same products as Teradyne, it is important to make wise decisions. The new entries of companies into the market can threaten the performance of Teradyne as a company.Advertising We will write a custom report sample on Strategic Recommendation for Teradyne specifically for you for only $16.05 $11/page Learn More This is because they increase the market share, which will in turn put pressure on the prices and the value, which are the necessities to match. For example Teradyne were advised to produce those goods that would be needed by the current needs of the customer. Second strategy is the bargaining power of the suppliers. Teradyne needs to evaluate the products that they r eceive from the suppliers. Having strong suppliers helps the company to capture more benefits for itself. This makes them more powerful as they have the opportunity to charge more or increase the cost for instance the cyclical variability of sales and the need of having fixed engineering cost made Teradyne to understand the achievement of the best balance between long-term goals and the short-term goals. The third strategy is the knowledge and identifying the threat of substitutes. Substitutes in the same industry always perform similar functions, but they use different means. At times, the threat of a substitute is felt when the substitute replaces the buyers industry. Strategists are supposed to change their industry and make them more attractive such as producing more advanced substitutes for their products. In addition, rivalry amongst the existing competitors of Teradyne takes many forms, which include reduction, of prices and discounts, introduction of new products and adverti sing campaigns. The intensity of rivalry can be significantly felt if the competitors are numerous. Lastly, the power of buyers also has a tremendous impact on the strategic performance of Teradyne. Powerful customers are essential if their negotiating leverage is relative compared to the other competing industries, which in this case are the Japanese who produce better than Teradyne. There may be distinct groups of customers who differ in their bargaining power. Teradyne: SWOT analysis The objective of the new business was to develop a new grade of a new breed of industrial grade test equipment, which was designed and built to be highly reliable and easy to use. One of the successes of Teradyne was that all the competitors made transistor test equipment, and these transistors were more complex and difficult to test than the diodes.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Teradyne incorporated things such as vertical marketing as well as recruiting of new staff to enhance the performance of the company. Reintegration was the strategic matter for this company. Through this, the customers will be in a position to determine how fast the new products were going to be accepted in the market. In relation to Aurora’s, there is a need to penetrate into the new markets and get new customers. One threat to the Teradyne Company is the competition from other companies. The major problem that Teradyne is facing is the threat of competition. Several competitors have the CMOS testers, which are highly recommended, as it is a new technology, which made them, stand out to be better that Teradyne. The engineers have to set up new partnerships, which are the key to getting details from the customers to prevent competition. The other important that the company should do is crucial is to come up with ways that will help in development of product policy, which will help in building market segments which have low penetration. It should be able to work closely with its customers, in ensuring that they keep their customers. This includes the development of an economic model that has to be worked out and it should be one that will ensure that the prices of the products are lowered. This way it will keep the company on the profitability margin. This report on Strategic Recommendation for Teradyne was written and submitted by user Amy Mcpherson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Why People Are Homeless

The Construction of the Statue of Liberty The construction of the Statue of Liberty began in France in 1875 by sculptor Auguste Bartholdi. He was commissioned to design a sculpture that would be completed by 1876. It was not finished until June of 1885.The Statue was a joint effort between America and France. The American people were to build the pedestal, and the French people were responsible to build the Statue. It was to be assembled in the United States. (Pickin, 208) Lack of funds became a problem for both America and France. The French used public fees and various forms of entertainment. Gounod, the famous composer, wrote a song to the statue which he presented at the Paris Opera. In the spring of 1878 a lottery was organized to help with the funds. There was a law in France that permitted lotteries for charitable and artistic causes. The Statue of Liberty qualified under both of these. It was soon discovered that the statue would cost much more than they first thought. The final cost of approximately $250,000 was completely contributed by the French people. The French government did not have to aid in the construction of the statue. In America, the proposal to construct the statue reached the United States even before the Franco-American Union issued its appeal for funds in 1875.A committee was appointed in September 1876 to secure funds for the pedestal. The committee was appointed by the famous Union League Club in New York. John Jay served as the chairman. A similar committee was established in Philadelphia. The United States held theatrical events, art exhibitions, auctions and prize fights to assist in providing the needed funds. The fund raising was going very slowly, so Joseph Pulitzer who is noted for the Pulitzer Prize, used his newspaper, â€Å"The World† to help the fund raising effort. Pulitzer publicly criticized the rich for failing to finance the pedestal construction and he criticized the middle class ... Free Essays on Why People Are Homeless Free Essays on Why People Are Homeless The Construction of the Statue of Liberty The construction of the Statue of Liberty began in France in 1875 by sculptor Auguste Bartholdi. He was commissioned to design a sculpture that would be completed by 1876. It was not finished until June of 1885.The Statue was a joint effort between America and France. The American people were to build the pedestal, and the French people were responsible to build the Statue. It was to be assembled in the United States. (Pickin, 208) Lack of funds became a problem for both America and France. The French used public fees and various forms of entertainment. Gounod, the famous composer, wrote a song to the statue which he presented at the Paris Opera. In the spring of 1878 a lottery was organized to help with the funds. There was a law in France that permitted lotteries for charitable and artistic causes. The Statue of Liberty qualified under both of these. It was soon discovered that the statue would cost much more than they first thought. The final cost of approximately $250,000 was completely contributed by the French people. The French government did not have to aid in the construction of the statue. In America, the proposal to construct the statue reached the United States even before the Franco-American Union issued its appeal for funds in 1875.A committee was appointed in September 1876 to secure funds for the pedestal. The committee was appointed by the famous Union League Club in New York. John Jay served as the chairman. A similar committee was established in Philadelphia. The United States held theatrical events, art exhibitions, auctions and prize fights to assist in providing the needed funds. The fund raising was going very slowly, so Joseph Pulitzer who is noted for the Pulitzer Prize, used his newspaper, â€Å"The World† to help the fund raising effort. Pulitzer publicly criticized the rich for failing to finance the pedestal construction and he criticized the middle class ...

Financial Crisis In The Year 2008 Essay Example | Topics and Well Written Essays - 1500 words

Financial Crisis In The Year 2008 - Essay Example In the mid-1990s the US embraced financial globalization as the touchstone for the grand strategy in the post-cold war period. In those periods it was common to talk about the decline of the US economy. However, the unexpected collapse of the Soviet Union and the stool of the Japan as an economic superpower brought the American economy to the center stage in the world order of business. The financial crisis of the year 2008 had multiple reasons behind its occurrence. The most important are perhaps the financers themselves. The financers claimed that they had found a way to banish the risks although, in reality, they had actually lost the track of the same. The central bankers and the regulators tolerated and let these things continue under their very noses for years. The macroeconomic environment too played an important role in the build-up to the crisis. The great moderation which was characterized by years of low inflation and stable rate of growth had fuelled risk-taking desires i n individuals. People became complacent and this increased their risk-taking ability and desires. The glut in savings in the Asia turned interested rates down. Even European banks which greedily borrowed from the American banks before the financial crisis used the funds so as to purchase dodgy securities. ConclusionThe above essay finds that there were several factors that led to the financial crisis in the year 2008. Some of the reasons behind the crisis were related to the economic policies pursued over the years.