abhishreshthaa
Abhijeet S
Devon Energy Corporation (NYSE: DVN), is among the largest U.S.-based independent natural gas and oil producers. Based in Oklahoma City, Oklahoma, the company's operations are focused on North American onshore exploration and production. Devon is one of North America’s larger processors of natural gas liquids and owns natural gas pipelines and treatment facilities in many of the company’s producing areas.
The company is ranked among Fortune's 500 largest corporations in America, and is also included on the publication's 100 Best Companies to Work For and Most Admired Companies lists. Devon is also included in the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol DVN.
The unification of Ford to the North America and to the Europe for having the one entity is an ample marketing strategy that can eliminate the costly double engineering design and production of the similar engines, cars, and components in Europe and in America. The incurred losses for about $291 million had been experienced by the European market though sales had increased. The profit in 1995 also rose for $300,000. Based on the performance of Ford from the year 1994 – 1997, the company signifies a huge number on the increase of sales and in relation to that it can also increase the total net income of the company. This only shows that the marketing strategy is successful only at the year of 1997 where the introduction of Jaguar XK8. This only shows that the strategic marketing is only applicable of for the additional number of sales but not on the net income. For the consecutive years 1995-1996 the company had experienced losses upon the implementation of the plan. Based on my opinion, the plan is a very good decision for the process of marketing and in the increase number of sale but not on the growth of the net income. Additionally, the process can be a huge help and can be best marketing strategy but I find it lack of sustainability towards the profit. I think this process is for the short term only and not applicable for the long term manner which is the need of the company.
The Ford 2000 Globalization Plan has two major goals or objectives. The target mission of the company into the implementation of the said plan is its financial development and the one is in connection to the creativity and to the communication. In this manner, the managers believe that they can increase net income by five times. The aim of producing creative and distinct products can be acquired through hiring and encouraging engineers, designers, and productions for the people that are need to work as a team on the development and production of the new products. This has a primary aim of avoiding the group designs which are commonly similar and the tendency is that it is hard to manufactured as well as it is hard to marketed. In this manner, the duplication of the products can be ignored and therefore it can easily be marketed. On the aspect of financials, the company can attain its goal of producing and gaining an estimated savings which is approximately $3 billion per year. This diversification can also be increased the total revenue and the total net income of the company upon the implementation of the plan. The savings therefore will be coming from the development cost; the lower-product engineering’s which are all taken from the continuous spread of the best practice as well as from the suppliers of the company’s pruning. It this way the company is open for the possibility of accounting 80% of the 250 firms can purchased globally. The financial expectations can get by the company through following the sad plan and through the cooperation of the other firms and the customers.
As the plan to be implemented it is important to take into the account of analysis and one of the best analyses to the company is trough the PEST analysis. This analysis can give justifications on the factors affecting the performance and the development of the company. Including in this factors are the company’s Political, Economics, Social and Technological factor.
The company is ranked among Fortune's 500 largest corporations in America, and is also included on the publication's 100 Best Companies to Work For and Most Admired Companies lists. Devon is also included in the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol DVN.
The unification of Ford to the North America and to the Europe for having the one entity is an ample marketing strategy that can eliminate the costly double engineering design and production of the similar engines, cars, and components in Europe and in America. The incurred losses for about $291 million had been experienced by the European market though sales had increased. The profit in 1995 also rose for $300,000. Based on the performance of Ford from the year 1994 – 1997, the company signifies a huge number on the increase of sales and in relation to that it can also increase the total net income of the company. This only shows that the marketing strategy is successful only at the year of 1997 where the introduction of Jaguar XK8. This only shows that the strategic marketing is only applicable of for the additional number of sales but not on the net income. For the consecutive years 1995-1996 the company had experienced losses upon the implementation of the plan. Based on my opinion, the plan is a very good decision for the process of marketing and in the increase number of sale but not on the growth of the net income. Additionally, the process can be a huge help and can be best marketing strategy but I find it lack of sustainability towards the profit. I think this process is for the short term only and not applicable for the long term manner which is the need of the company.
The Ford 2000 Globalization Plan has two major goals or objectives. The target mission of the company into the implementation of the said plan is its financial development and the one is in connection to the creativity and to the communication. In this manner, the managers believe that they can increase net income by five times. The aim of producing creative and distinct products can be acquired through hiring and encouraging engineers, designers, and productions for the people that are need to work as a team on the development and production of the new products. This has a primary aim of avoiding the group designs which are commonly similar and the tendency is that it is hard to manufactured as well as it is hard to marketed. In this manner, the duplication of the products can be ignored and therefore it can easily be marketed. On the aspect of financials, the company can attain its goal of producing and gaining an estimated savings which is approximately $3 billion per year. This diversification can also be increased the total revenue and the total net income of the company upon the implementation of the plan. The savings therefore will be coming from the development cost; the lower-product engineering’s which are all taken from the continuous spread of the best practice as well as from the suppliers of the company’s pruning. It this way the company is open for the possibility of accounting 80% of the 250 firms can purchased globally. The financial expectations can get by the company through following the sad plan and through the cooperation of the other firms and the customers.
As the plan to be implemented it is important to take into the account of analysis and one of the best analyses to the company is trough the PEST analysis. This analysis can give justifications on the factors affecting the performance and the development of the company. Including in this factors are the company’s Political, Economics, Social and Technological factor.