Kent chemical debriefing
This presentation is the property of its rightful owner.
Sponsored Links
1 / 18

Kent Chemical Debriefing PowerPoint PPT Presentation


  • 642 Views
  • Uploaded on
  • Presentation posted in: General

Kent Chemical Debriefing. By: Careea Nordè, Karen Nostrant, Heather Smith, Mary Stephens, & William Tiemann. Who is Kent Chemical. Established in 1917 by the Fisher Family Founded in Kent, Ohio Began as rubber producer Expanded into plastics and other specialty chemicals 1953

Download Presentation

Kent Chemical Debriefing

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Kent chemical debriefing

Kent Chemical Debriefing

By:

Careea Nordè, Karen Nostrant, Heather Smith, Mary Stephens, & William Tiemann


Who is kent chemical

Who is Kent Chemical

  • Established in 1917 by the Fisher Family

  • Founded in Kent, Ohio

  • Began as rubber producer

  • Expanded into plastics and other specialty chemicals

  • 1953

    • Opened research laboratory to develop more products

  • 1998

    • CEO, Ben Fisher decided to expand globally

(Barlett & Winig, 2012)


Kent s struggles

Kent’s Struggles

  • Fisher’s global expansion vision proved difficult

  • International President, Luis Morales led two reorganizations that did not align the international side with the domestic side

  • Operated 30 manufacturing facilities in 13 countries

  • Sold products in nearly 100 countries

  • Need the final reorganization to resolve the global economic threats that Kent faces

  • Consulting firm, Sterling Partners called to help

(Barlett & Winig, 2012)


Strategic approach

Strategic Approach

  • Follow Porter’s Five Forces to become global and sustain long-term profitability by reshaping the forces in Kent’s favor

    • Threats of new entrants

    • Bargaining power of customers

    • Threat of substitute products or services

    • Bargaining power of suppliers

    • Industry position amongst current competitors

(Porter, 2008)


Kent chemical debriefing

Primary Issues and Opportunities

  • Growth and the demands

    • Increased their global market impact by acquiring foreign companies.

    • Managers of Kent Chemical Products used the independence of overseas subsidiaries for their own benefit.

    • Regional organization having difficulties dealing with issues within global markets with Kent Chemical International.

    • Country managers were asked to work for the benefit of both organizations and not one specific organization.

      • Caused resistance and old decision making habits to continue.

  • Products that were successful in one country did not sell well in another.

    • Halogenated flame retardant sales were successful in the United States, but did not do well in European countries.

  • (Bartlett & Winig, 2012; Cusac, Estes, Khan, 2013;Danke, Jacobs & Lane, 2013; Nordè, Nostrant, Smith, Stephens & Tieman, 2013)


    Kent chemical debriefing

    Primary Issues and Opportunities

    • Lack of communication between Kent Chemical International (KCI) and Kent Chemical Products (KCP).

      • Management of acquired companies were allowed to continue to operate using old habits and operating procedures.

      • Kent Chemical Products management were not involved in decisions being made by the international subsidiaries.

      • Changes were being made at facilities without regard of how it may affect other facilities around the world.

  • The new financial operating system

    • Company reports were now allowed to be viewed by employees that were not allowed to in the past.

    • Country managers were now being questioned by others about their decisions.

      • Caused problems as they were use to making decisions without being questioned.

  • (Bartlett & Winig, 2012; Cusacet al., 2013; Danke et al., 2013)


    Implementation

    Implementation

    Kent Chemical will need to implement the following:

    They will need to have an outside consulting firm come in and

    Make a matrix for Kent Chemical to follow both international and

    In America.

    The following decisions from the consulting firm are:

    A well defined chain of command within the company.

    Accountability from the different divisions within the company.

    Responsibility of corresponding with authority within the company.

    Have fewer levels of delegation within the company so they can problem solve

    and make decisions with flexibility.

    (Bartlett & Winig, 2012)


    Kent chemical debriefing

    DIVISIONS

    Then Kent chemical will need to select teams for the different divisions. Consisting of six team members to carry the work load.

    Consumer Product Division

    Fire Protection Products Division

    Director of Medical Plastics Division

    All three of these

    teams are to be comprised of six highly

    Qualified individuals to work as a team connecting the

    divisions.

    (Bartlett & Winig, 2012)


    Team work

    Team Work

    Then Kent chemical will need to select teams for the different divisions

    Consisting of six team members to carry the work load.

    Competiveness of the home industry

    Which summarizes the “five forces” competitive framework

    Public Policy and chance

    Which describes the role government plays in the industry

    (Bartlett & Winig, 2012)


    Clustering porters national diamond theory

    Clustering Porters National Diamond Theory

    Kent Chemical should also follow the Clustering Porters National Diamond Theory which has six components.

    Factor conditions

    Which explains why certain regions of the country

    Attract certain businesses

    Home and country demand of products

    Which is demand of the home

    Country whether they have large or

    Small markets.

    Relating and supporting industries

    Which includes the supporting industries

    In the region.

    (De Kluyver, 2010)


    Next steps analysis

    NEXT STEPS/ ANALYSIS

    • SUBSIDIARIES

      • Align efforts of subsidiaries where market is best

      • Global subsidiaries of a business should never compete or become a barrier to profit.

    • DECENTRALIZATION

      • Allows each branch to operate independently of each other, creating value for the overall business.

      • allow subsidiaries to align goals, taking advantage of team strategies, netting more profit than before.

    • EVALUATE COMPANY WITHIN THE 5 STAGES

      • In order for the team to implement and evaluate the chosen strategy, they will need to evaluate the company within the five stages presented by De Kluyver: market entry, product specialization, value chain disaggregation, value chain reengineering, and he creation of new markets.

    (Dankeet al., 2013; Nordèet al., 2013; De Kluyver, 2010)


    Strategy global positioning

    STRATEGY/GLOBAL POSITIONING

    • SWOT

      • To reiterate what the SWOT analysis does and how it can assist Kent in its endeavors of obtaining a more prominent global posture, the organization has to inspect all aspects and consider all factors at each stage. In doing this, they will illuminate and acquire understanding of the market within the different countries that they operate.

    • MARKET RESEARCH

      • Concurrently, as Kent is operating within the five stages and implementing the SWOT analysis, they should also recognize the aggressive market forces within the country where they are engaged in business. Once those forces are identified, an analysis of what is driving those forces should be conducted and capitalized upon. These actions will allow Kent to directly impact the root or core of the market and give them the position of controlling the market and increasing their profitability as well as their global posture.

    (“SWOT analysis I,” 2006; “SWOT analysis II,” 2006; Nordè et al., 2013)


    Conclusion

    Conclusion

    Present--Leading global specialty-chemical company

    Goal--Expand internationally into a globally- integrated organization

    Struggles--Need to resolve global economic threats to align international & domestic sides of the company

    (Bartlett & Winig, 2012)


    Resolution

    Resolution

    • Sterling Partners—International Management consulting team promotes cohesiveness

    • “Decision Matrix” model

    • Internet-linked communications

    • Accountability

    • Decentralization

    • Shared vision

    (Bartlett & Winig, 2012)


    Strategic implementation

    Strategic Implementation

    • Porter’s Five Forces

    • Porter’s National Diamond Clustering Theory

    • SWOT Analyses—Internal & External

    • De Kluyer’s Five Stages of Globalization

    • Value Creation & Corporate Global Success

    (Porter, 2008; De Kluyver, 2010; “SWOT Analysis I,” 2006; “SWOT Analysis II,” 2006)


    References

    References

    Bartlett, C.A., & Winig, L. (2012). Kent chemical: organizing for international growth. Retrieved from Harvard University, Harvard Business School Publishing for Educators website: https://cb.hbsp.harvard.edu/cbmp/asset/19098893

    Cusac, J., Estes, M., & Khan, R. (2013). Kent Chemical. Retrieved from Siena Heights University website: http://sienaonline.org/re/DotNextLaunch.asp?courseid=7474171&userid=13076732&sessionid=a115ac3246&tabid=HaGj09c+rKNgLRcOeyXYX5p0QKYvY06grr0iQg8yI+MZyD1Q1WNB/fBzqJUFChtQfXVKzbsk2vk2Vak06nQymQ==&sessionFirstAuthStore=true&macid=INgmjRcA/MJVeXeCsFIZD2DId2R/A5dc65zR8Yt4TNi7I3ZmFadW31QS5lkGiwY9+mdsEzhzBaDiZ4JPcrMWmMKyJomlrlxKUjIUpFhxakgTjNUX4ltllhJh/km8LiFxpSkqmFIeOo5oWQosjZ+TJeG5pQdmqJmMfB5esKAkCVCwEHSjpXUi+hKe9v+tiw3rqaCb+G6lHXnfrajw3DKzaqg9+ltEfGWOffJA8Ap1WOIofhZe9aEr3ZUOdcQFpD3M

    Danke, S., Jacobs, S., & Lane, C. (2013). Case Analysis for Kent Chemical Product. Retrieved from Siena Heights University website: http://sienaonline.org/re/DotNextLaunch.asp?courseid=7474171&userid=13076732&sessionid=13076732&sessionid=a115ac3246&tabid=HaGj09c+rKNgLRcOeyXYX5p0QKYvY06grr0iQg8yI+MZyD1Q1WNB/fBzyD1Q1WNB/fBzqJUFChtQfXVKzbsk2vk2Vak06nQymQ==&sessionFirstAuthStore=true&macid=INgmjRcA/MJVeXeCsFIZD2DId2R/A5dc65zR8Yt4TNi7I3ZmFadW31QS5lkGiwY9+mdsEzhzBaDiZ4JPcrMWmMKyJomlrlxKUjIUpFhxakgTjNUX4ltllhJh/km8LiFxpSkqmFIeOo5oWQosjZ+TJeG5pQdmqJmMfB5esKAkCVCwEHSjJmMfB5esKAkCVCwEHSjpXUi+hKe9v+tiw3rqaCb+G6lHXnfrajw3DKzaqg9+ltEfGWOffJA8Ap1WOIofhZe9aEr3ZUOdcQFpD3M


    Kent chemical debriefing

    De Kluyver, C. (2010). The globalization of companies and industries. In Fundamentals of global strategy: A business modelapproach(pp. 23-42). Retrieved from Harvard University, Harvard Business School Publishing for Educators website: https://cb.hbsps.harvard.edu/cbmp/asset/19098887

    Nordè, C., Nostrant, K., Smith, H., Stephens, M., & Tieman, W. (2013). Kent Chemical Case Analysis. Retrieved from Siena Heights University website: http://sienaonline.org/re/DotNextLaunch.asp?courseid=7474171&userid=13076732&session id=a115ac3246&tabid=HaGj09c+rKNgLRcOeyXYX5p0QKYvY06grr0iQg8yI+MZyD1Q1WNB/fBzqJUFChtQfXVKzbsk2vk2Vak06nQymQ==&sessionFirstAuthStore=true&macid=INgmjRcA/MJVeXeCsFIZD2DId2R/A5dc65zR8Yt4TNi7I3ZmFadW31QS5lkGiwY9+mdsEzhzBaDiZ4JPcrMWmMKyJomlrlxKUjIUpFhxakgTjNUX4ltllhJh/km8LiFxpSkqmFIeOo5oWQosjZ+TJeG5pQdmqJmMfB5esKAkCVCwEHSjpXUi+hKe9v+tiw3rqaCb+G6lHXnfrajw3DKzaqg9+ltEfGWOffJA8Ap1WOIofhZe9aEr3ZUOdcQFpD3M

    Porter, M. E., (2008). The five competitive forces that shape strategy. Retrieved from Harvard University, Harvard Business School Publishing for Educators website: Retrieved from https://cb.hbsp.harvard.edu/cbmp/asset/19098871

    SWOT analysis I: Looking outside for threats and opportunities. (2006). Retrieved from Harvard University, Harvard Business School Publishing for Educators website: https://cb.hsp.harvard.edu/cbmp/asset/19098877

    SWOT analysis II: Looking inside for strengths and weaknesses. (2006). Retrieved from Harvard University, Harvard Business Publishing for Educators website: https://cb.hbsp.harvard.edu/cbmp/asset/19098879


    The end

    THE END

    THANK YOU FOR LISTENING AND VIEWING OUR PRESENTATION!!!


  • Login