MDCM CASE Essay Example | Topics and Well Written Essays - 1750 words

MDCM CASE - Essay ExampleThe services that are permitd by the society must also be of standard quality. The caller-up has been suffering loss in the market in spite of all its steps and strategy designed for the customers and companys benefit. The company shares its benefits and losses with the customers in order to form obstruct relations with the customers. With the passage of time, the company has identified the enormousness of its global status. It has expanded by opening many offices, branches and acquisitions in different parts of the world. However, the company identifies its wanting procedures and slowed information collection and update due to which, it goes through transformations under the heading of Horizon 2000. The company requires a tumefy established IT strategy in order to meet the competition in the market. This paper analyzes the spot in detail. Strategic Goals of MDCM MDCM does the business of medical examination devices contract manufacturing and is ad vantageously reputed because of its expansion with the passage of time. The company has well defined strategic goals and due to some problem with meeting the goals, the company has faced continuous losses. The strategic goals of the company are as follows (Jeffery & Norton 1-7) To facilitate the customers with their required devices within due time. To develop an online ordering and tarradiddle management system that the customers will be able to use themselves. To provide an end-to-end package of medical device contract manufacturing services. To design and fabricate specialized equipment used in the assembly of manufacturing services. To form close partnership arrangements with its customers. To share rewards and risks of the business with its customers. To work with customers as close as it is possible. To reduce manufacturing costs to their concluding level. To maximize customer satisfaction by delivering quality parts and assemblies on time. To expand its business by opening new offices and manufacturing facilities close to its largest customers. To maintain that the acquisitions that the company makes, allow the company to spread its operational probity while keeping the foreign companies autonomous enough to be able to better serve their local anaesthetic customers. Competitive Environment The firm MDCM faces a strict competition in the market because of more firms in the same business. With increasing concept of globalization, more people are active in market and provide globalized facilities to their customers due to which, all the firms face challenges to work towards success and expansion of their business on global basis. MDCM has designed a strategy to form good and close relation with its customers by involving them in their business as the company used to share its rewards and risks with its customers. However, with new businesses introduced in the market, this practice was copied and conducted by other businesses as well due to which, a com petitive environment was created in the market (Jeffery & Norton 3). As a competitive strategy, the company MDCM opened many offices at locations, which were near to their largest customers. Along with offices, the company also made a numeral of acquisitions. According to Jeffery & Norton (2006), the acquisition targets were all non-US-based companies that had competencies in contract manufact