abhishreshthaa
Abhijeet S
American Hofmann Corporation is a design and production facility of balancing machines in Lynchburg, Virginia USA. It was opened in 1972.[3]
American Hofmann balancing machines cover a wide range of sizes and applications. Machines range from simple bench-top models to fully automatic, multi-station measuring and correction systems, as well as portable field balancers [2]. American Hofmann serves the automotive, electric motor, turbocharger, gas turbine, airline, digital media, pump, oil and gas, medical, textile, nuclear, military, and environmental industries.[4]
American Hofmann standard balancing machines include vertical, side-spindle, and horizontal balancers for rotor diameters from 0.3 mm to parts greater than four meters in diameter, and weights from 50 mg to 40 tons. Additionally, the company specializes in custom balancing machines designed for unique applications.[4]
Balancing services include contract balancing, balancing machine upgrades and retrofits[1], rotor analysis, training, and financing.
The Hofmann Brothers formed the balancing business Gebrueder Hofmann in Darmstadt, Germany in 1931.[3] Dionys Hofmann, the son of the one of the original founders, is the founder and current owner of American Hofmann Corporation, along with its balancing partner Hofmann Mess-und Auswuchttechnik.
The participation of Australian government in world trade has opened more opportunity for Chinese restaurants to establish their businesses in Australia, especially in the city. In addition, Supermeal has the opportunity to expand their market portfolio and offer seasonal food and services to meet the immediate needs of target market for food services.
One of the threats facing the company is with regards to their expenses and their inability to provide enough financial budgets for each may affect organisational performance. Aside from this, the threat is the emergence of a new Chinese restaurant that uses state of the art facilities for promotion purposes. They are also threatened by their inability to meet the needs of their target market.
Competition is a significant aspect to consider in a business. Industries should have effective competitive strategies to be more attractive in the eyes of the customers and to gain customer loyalty. In this regard, it is essential to analyse the competitors of the company to determine which company provides effective competition. In Sydney, there are many Chinese restaurants that offer the same products as Supermeal is offering. However, one of the edges of Supermeal against their competitor is when it comes to their operation and trade time. Most of the competitors of Supermeal are already closed ad 10 pm unlike Supermeal which is open until 2 am. In addition, in terms of competition, Supermeal has more competitive advantage especially with the affordable and quality foods and services they offer. In terms of competition, Supermeal is competitive when it comes to accommodating more customers because of their structure.
With these findings, it is apparent the conceptualizing, planning and executing business strategies in order to create highly favourable competitive advantage and market attractiveness. These considerations could result to the achievement or attainment of the short-term as well as the long-term goals of the company to succeed in a particular industry (Kotler & Armstrong, 2001). More challenging factors, however, are present when business organizations decide to initiate change in the industry through innovation and technology in product or service production and manufacturing, business operations, and advertising and marketing. Furthermore, initiating such developmental changes in different market orientation to offer products and services to people with diverse cultural and social orientation identifies other issues for a successful business venture (Kotler & Armstrong, 2001).
American Hofmann balancing machines cover a wide range of sizes and applications. Machines range from simple bench-top models to fully automatic, multi-station measuring and correction systems, as well as portable field balancers [2]. American Hofmann serves the automotive, electric motor, turbocharger, gas turbine, airline, digital media, pump, oil and gas, medical, textile, nuclear, military, and environmental industries.[4]
American Hofmann standard balancing machines include vertical, side-spindle, and horizontal balancers for rotor diameters from 0.3 mm to parts greater than four meters in diameter, and weights from 50 mg to 40 tons. Additionally, the company specializes in custom balancing machines designed for unique applications.[4]
Balancing services include contract balancing, balancing machine upgrades and retrofits[1], rotor analysis, training, and financing.
The Hofmann Brothers formed the balancing business Gebrueder Hofmann in Darmstadt, Germany in 1931.[3] Dionys Hofmann, the son of the one of the original founders, is the founder and current owner of American Hofmann Corporation, along with its balancing partner Hofmann Mess-und Auswuchttechnik.
The participation of Australian government in world trade has opened more opportunity for Chinese restaurants to establish their businesses in Australia, especially in the city. In addition, Supermeal has the opportunity to expand their market portfolio and offer seasonal food and services to meet the immediate needs of target market for food services.
One of the threats facing the company is with regards to their expenses and their inability to provide enough financial budgets for each may affect organisational performance. Aside from this, the threat is the emergence of a new Chinese restaurant that uses state of the art facilities for promotion purposes. They are also threatened by their inability to meet the needs of their target market.
Competition is a significant aspect to consider in a business. Industries should have effective competitive strategies to be more attractive in the eyes of the customers and to gain customer loyalty. In this regard, it is essential to analyse the competitors of the company to determine which company provides effective competition. In Sydney, there are many Chinese restaurants that offer the same products as Supermeal is offering. However, one of the edges of Supermeal against their competitor is when it comes to their operation and trade time. Most of the competitors of Supermeal are already closed ad 10 pm unlike Supermeal which is open until 2 am. In addition, in terms of competition, Supermeal has more competitive advantage especially with the affordable and quality foods and services they offer. In terms of competition, Supermeal is competitive when it comes to accommodating more customers because of their structure.
With these findings, it is apparent the conceptualizing, planning and executing business strategies in order to create highly favourable competitive advantage and market attractiveness. These considerations could result to the achievement or attainment of the short-term as well as the long-term goals of the company to succeed in a particular industry (Kotler & Armstrong, 2001). More challenging factors, however, are present when business organizations decide to initiate change in the industry through innovation and technology in product or service production and manufacturing, business operations, and advertising and marketing. Furthermore, initiating such developmental changes in different market orientation to offer products and services to people with diverse cultural and social orientation identifies other issues for a successful business venture (Kotler & Armstrong, 2001).