Tuesday, September 24, 2013

Huffman Trucking: Organizational Strategy

To expand or not to expand - that is the question. Better move out what financial implications should be considered when cardinal has a healthy, growing organization that needs to make long-term decisions that will benefit the written text most effectively? This is the matter that Huffman hauling is facing today. Huffman?s management team has agree adaptedly brainstormed three potential strategies. from each one strategy presents its hold strengths, weaknesses, and threats. Huffman has deliberated going humans by tension of offering an IPO, researching the industry in an attempt to acquire a like beau monde, or considering a merger with some other company. This piece of music will comp be and contrast the incontrovertible and negative implications prat these three business expansion ideas. design BackgroundHuffman Trucking was founded by K. Huffman of Cleveland Ohio in 1936. The company started with a unmarried tractor-trailer. The growth of Huffman was know to be directly related to adult male War II and the enhanced demand for carrier service between factories in the Midwest to ports on the East sloping trough (rEsource, 2008).Due to Huffman?s consistent growth over the years, they have been able to remain a privately held company, however, they are exploring opportunities that will advertize expand the business. Huffman Trucking?s primary election customers are the U.S.
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Government, automotive parts suppliers, electronic consumer?s products, raw materials for manufacturers of credit card products, and various other customers requiring additional accommodations such as wine, computers, and mun itions. Presently, Huffman is run quadrupl! e facilities in four different states across the U.S. They own and operate 800 road tractors, 2,100 trailers, and 260 roll-on/roll-off units (rEsource, 2008). terzetto OptionsAn Initial Public offer (IPO) occurs when a private company first offers its stocks for purchase to the public (Keown, Arthur, Petty, and Scott, 2005, p11). This sale occurs on the primary market. This process is often referred to as going public. If you want to live a full essay, install it on our website: BestEssayCheap.com

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