Otis Elevator

  • Premium Essay

    Otis

    Business Context/Key Business Drivers * Otis is the largest manufacture, installer, and servicer of elevators, escalators, and moving walkways in the world * Specialize in logistics, service excellence, and total solutions for customers * Key drivers: * Transform the culture of Otis to become a single-customer centric business model to increase profitability, attract new and maintain current customers to beat out competition * Shift focus of the Otisfrom manufacturing to

    Words: 698 - Pages: 3

  • Premium Essay

    Kone: the Monospace Launch in Germany

    market became saturated; the construction boom terminated abruptly and demand for elevator gear was projected to fall by 15 percent. Competition for new installations was intense, large companies sold their equipment at or below cost to customers. Service contracts were commonly closed with companies that originally installed the equipment. Six major companies dominated the German market in 1995: Schindler, Otis and Thyssen, with KONE placing fourth. 150 small local companies, as well 30 mid-size

    Words: 684 - Pages: 3

  • Premium Essay

    Otisline

    OTISLINE CASE ANALYSIS Group – E1 1. Why might be the motivation for Otis to launch this project? Otis, a subsidiary of United Technologies Corporation, was the first elevator company to introduce microchip into the elevator mechanism. It incorporated the latest technology into its elevators, (indicating that Otis was investing in the technology as it saw some advantage out of it.) Otis installed its first computer IBM 1401 in 1965 to automate maintenance billing which was used for production control

    Words: 785 - Pages: 4

  • Free Essay

    Utc, Otis

    1991) 2. Quality was so poor at Otis due to the damaging of poor design, lack of quality control and poor of manufacturing practices. These three problems will lead to defective product. Quality control is a measurement of the ability of employees to produce the best work possible. This required the supervisor to check the work and identify problems in order to improve quality and increase productivity of employees. Due to the poor quality control, Otis failed in changing its management processes

    Words: 784 - Pages: 4

  • Premium Essay

    Kone Case Study

    Launch strategies? Elevator Industry: Mainly dominated by 5 companies..New Equipment mkt accounts for : 9 Billion Dollar & Servicing mkt for : 13 Billion Dollars . 80% of all service Contract were given to Original equipment manufactures. Elevator Technology Gearless-10%(High speed – high rise commercial building)Geared Traction-30%(Low raise building).Hydraulic -60%(50% low cost than Geared transaction But high on oil consumption) Machine Room Requirement Gearless Elevators: 11-15 Square

    Words: 1060 - Pages: 5

  • Premium Essay

    Otis Case

    Summary of the case Otis Elevator was founded by Elisha Graves Otis, the inventor of the safety-brake elevator, in 1853. The main business of Otis was to design, manufacture, install and provide service for elevators and relevant products such as moving walkways and escalators. The market was very competitive in the elevator industry, and Otis investigated that customer cancelled maintenance agreements due to dissatisfaction for service quality rather than product quality. In order to increase

    Words: 466 - Pages: 2

  • Premium Essay

    Otis

    Carrier, and Otis Elevators. The definition of the problem in this case study is the poor performance of Otis Elevators in contrast of its closest rival Mitsubishi. The problems of Otis Elevators include the poor design, poor manufacturing practices and inadequate quality control management in Otis’ manufacturing. Poor quality has caused employee productivity to plummet as building flawed products is a waste of time. Also, demand has dropped as customers preferred not to buy from Otis due to the

    Words: 3802 - Pages: 16

  • Free Essay

    Elevator Pitch

    Elevator Pitch – Chevrolet Equinox 2013 MKTG 3416 Nipissing University Carla Viglino – Hind Zahidi Jan30th 2013 Business Objectives Differentiation between the Chevrolet Equinox and GMC Terrain Movement is the universal language of personal freedom – Louis Chevrolet. Following this quote by the founder of Chevrolet Vehicles is the underlying idea behind all cars designed and created by Chevrolet for 100 years. Maintaining the same idea for all cars creates the main difference between

    Words: 1579 - Pages: 7

  • Premium Essay

    Otis Lennon Psychology Report

    about his future college major and continuing education. Testing Kyle will help determine his strengths, weaknesses and interests to help him find the career and college major that best match his personality. ASSESSMENT METHODS: Examinee Biography Otis-Lennon School Ability Tests (OLSAT) California Psychological Inventory (CPI) State-Trait Anxiety Inventory (STAI) Strong Interest Inventory (Strong)| Big 5 Personality Inventory EXAMINEE BACKGROUND INFORMATION: Kyle Smith is a 17 year old senior

    Words: 3747 - Pages: 15

  • Free Essay

    Otias

    Otis Elevator: Accelerating Business Transformation With IT Otis Elevator, a subsidiary of United Technology, has witnessed many transformations since Elisha Graves Otis first found the company in 1853. As a result of these transformations, the company has become the leader in its industry as the world’s largest manufacturer, installer, and servicer of elevators, escalators, and moving walkways. Across the world, the company has over 1.5 billion elevators and over 100,000 escalators in operation

    Words: 1314 - Pages: 6

  • Free Essay

    Elevator Pitches

    Elevator Pitches Please target one elevator pitch to an industry expert who is the customer for the product (potential licensee, distributor, or end user). Keep in mind that the customer for a university technology being licensed is a potential licensee, not an end user. I am xxxxx and I am working on nanotechnology project as a part of Masters of Science in Technology Commercialization program at the McCombs School of Business. The University of Texas at Austin has developed and patented a technology

    Words: 363 - Pages: 2

  • Free Essay

    Otis Elevator

    Otis Elevator: Accelerating Business Transformation with IT At Harvard the only thing considered duller, safer, and less adventurous than working for a bank was working for some old-line can't-miss industrial firm like Otis Elevator, which only needed caretakers. —Tom Wolfe, A Man in Full (New York: Farrar, Straus and Giroux, 1998), p. 31 At the northeast corner of 20th Street is the turreted red-brick Victorian Apartment house . . . the first cooperative apartment house in New York City. Peek

    Words: 6842 - Pages: 28

  • Premium Essay

    Iowa Elevators

    Iowa Elevators Case 1. Where would you start? With which of the purchase categories? It is wise to look at which categories have the most expenses: which in this case is the farm supplies, MRO/Construction and transportation services. It seems that combined, they account for approximately 75% of overall annual expenses. One should analyze why they are so high. 2. How much money do you think you can save in each of the next five years? It is hard to predict the savings because of limited information

    Words: 319 - Pages: 2

  • Premium Essay

    Iowa Elevators

    at the beginning. And then, the savings can be made increasingly over the next five years. 4. The changes I would make to the organization are to control the annual spend and make more profits. The large of annual spend is a big issue in Iowa Elevator company, especially in the farm supplies. Thus, the company should obtain the right materials in the right quantity, for delivery at the right time and right place, from the right source, with the right service, and at the right price in the short

    Words: 433 - Pages: 2

  • Premium Essay

    Otisline Case

    Market Scenario: The study of North America sales and services shows the industry of elevators is very competitive and stable with steady demand and high profitability that attracts new entrants. Use of similar technology in all the elevators led to increase in many small companies devoted purely for service. The competitive edge exists in acquiring the long-term service contracts, as elevator sales market was very competitive with marginal profits. Thus the focus was mainly on targeting

    Words: 1263 - Pages: 6

  • Premium Essay

    Otis Boykin

     Otis Boykin By Summer Owens Black history mouth is a time to remember those who have made an impact on others. There are famous poet, inventors, civil rights leaders, and athletes that are celebrated. In my essay I am celebrating the achievements of Otis Boykin. As a inventor, he single handedly changed the world. He truly is a creative inventor that change the further to olden and to new. Otis F. Boykin was born on August 29, 1920, in Dallas, Texas. His mother was a housewife and his

    Words: 661 - Pages: 3

  • Free Essay

    Escalators

    moving stairs (or inclined elevator as he called it). In 1895, Jesse Reno created a new ride at Coney Island from his patented design, a moving stairway that elevated passengers on a twenty-five degree angle. The escalator as we know it was later redesigned by Charles Seeberger in 1897, who created the name 'escalator' from the word 'scala', which is Latin for steps and the word 'elevator', which had already been invented. Charles Seeberger, together with the Otis Elevator Company produced the first

    Words: 370 - Pages: 2

  • Free Essay

    Kone: Themonospace© Launchingermany

    In November 1996 Raimo Hätälä, director of KONE Aufzug’s new elevator business, was in the midst of planning the launch of his firm’s latest product. The interim financial report he had just received in the mail confirmed that region-wide construction slumps and low differentiation among competitive offerings had led to significant price competition and margin erosion in the industry. KONE’s operating income for the first eight months of 1996 was 6.0% of turnover, which compared with 6.7% for

    Words: 408 - Pages: 2

  • Premium Essay

    Otis Toy Train

    In the Case of Otis Toy Train and Joyous Luck Prosperity Toy Company, it may not be wise for Otis to go ahead with JLPTC’s proposal. Although increasing labor costs are a large problem for Otis and decreasing these costs by 40-60% may seem appealing, there are many underlying disadvantages to outsourcing that Otis needs to take into consideration. Part of the reason Otis has been so successful is because they are American based. Their headquarters are based in Minnesota and much of their productions

    Words: 422 - Pages: 2

  • Free Essay

    The Monospace Launch

    KONE from Finland. During November 1996 Raimo Hätälä, the New Elevator Business director, was planning to launch a new product in the low-rise building market. The elevator industry in Germany was highly competitive and mature. From 1995, when the construction boom ended abruptly, until 2000 they expected the demand to shrink by 15%. This provoked the prices to fell between 5% and 7% in 1994 and 1995, generating loses for Schindler and Otis (two of the six major competitors in Germany). The German

    Words: 335 - Pages: 2

  • Free Essay

    Ward-Leonard Control System

    magnitude of speed and direction of rotation in M1. A ward-Leonard motor-generator system is typically used in high sensitivity applications, and when a wide range of speed magnitudes are required. For example, it is commonly used in hoists and elevators. Since it used field control (which is a vector based control), the output rotation can be in both directions as required. However, a major disadvantage associated with the system in Figure 2 is that two extra machines are required, which increase

    Words: 2302 - Pages: 10

  • Premium Essay

    Effective Elevator Sppech

    Steps to writing an effective elevator speech First: why is this kind of public speaking called elevator speech? Well, because it gives you the opportunity to explain what your company does, and what it means to an investor or customer in the time it takes in a lift to ride to the floor of destination. Therefore this business speech is: * absolutely not longer than 25 to 30 seconds * or - in words - approximately 80 to 90 words * or - in sentences - 8 tot 10 sentences The goals of this

    Words: 531 - Pages: 3

  • Premium Essay

    Achieving Competitive Excellence (Ace) Operating System

    (UTC) is a company which was first founded in 1853 as Otis Elevator. Today, UTC is a $60 billion per annum conglomerate excels in providing a wide range of technological products and services to the building system industries and aerospace industries globally. Currently UTC commercial business comprises of Otis, UTC Climate, Control & Security, Pratt & Whitney, Sikorsky and UTC Aerospace Systems. Otis is a leading manufacturer of elevators and escalators while UTC Climate, Control & Security

    Words: 2569 - Pages: 11

  • Free Essay

    The Future for Space Elevators

    Jubin Shah The Future for Space Elevators: The Moon and Beyond An interesting concept, a space elevator from the Earth to the Moon, has been suggested since 1885, or perhaps even earlier (Soderman). Several countries, including the United States, have begun working on the concept with hopes of making it a reality. The NASA Lunar Science Institute, now known as the Solar System Exploration Research Virtual Institute, has noted that a space affiliate, the Liftport Group, is being funded through

    Words: 913 - Pages: 4

  • Premium Essay

    Otisline Case

    OTISLINE Otis Elevator was the world leader in elevator sales and services with $2 billion in revenues in 1984. New equipment sales and service of elevators formed the two main business segments in the industry. Otis led the former category owing to its technological superior and reliable products. The service market was competitive and had many players. Otis had opportunity to gain a bigger market share in this by delivering better service at a competitive price to its customers. Investing

    Words: 897 - Pages: 4

  • Premium Essay

    Iowa Elevators Case

    Summary: A summary of the current situation at Iowa Elevators from a purchasing and inventory cost perspective is that Iowa Elevators is currently in charge of two divisions—grain-handling and marketing and farm supplies and the company has been experiencing decreasing profitability. Scott McBride was asked to re-evaluate the purchasing department and implement a five year cost-savings plan to save the business. Analysis: Current Problems To get an understanding of the presentation I would

    Words: 1305 - Pages: 6

  • Premium Essay

    Silvio Napoli at Schindler India Case

    courageous and knew about the elevator business. Those characteristics that Mr. Alfred N. Schindler was looking for Mr. Silvio Napoli has. He was 33 years old and full of energy, aggressive, risk taker and was willing to move to South East Asia. Plus Mr. Napoli demonstrated to Mr. Schindler before this job position was even opened that he was capable of accomplishing this job, after the Swatch Project he did back in 1985. In which he was able to develop a standard elevator, incorporate the process and

    Words: 1345 - Pages: 6

  • Premium Essay

    Iowa Elevators Case

    Summary: A summary of the current situation at Iowa Elevators from a purchasing and inventory cost perspective is that Iowa Elevators is currently in charge of two divisions—grain-handling and marketing and farm supplies and the company has been experiencing decreasing profitability. Scott McBride was asked to re-evaluate the purchasing department and implement a five year cost-savings plan to save the business. Analysis: Current Problems To get an understanding of the presentation I would

    Words: 1305 - Pages: 6

  • Free Essay

    Iowa Elevator Case

    Iowa Elevators Case 1. What would be your analysis of the current situation from purchasing & inventory perspectives? As far as analyzing the current situation of the corporate spend, it would probably be best to start by looking at the categories that have the most expenses. In this case, the top three spend categories include farm supplies, transportation services, and MRO & construction. These three categories account for almost $600,000 of the $728,000 of the total annual spending

    Words: 908 - Pages: 4

  • Premium Essay

    Otis Case

    TIS ELEVATOR Accelerating Business Transformation with IT Company Background Otis Elevator is named for the company’s founder, Elisha Graves Otis, who invented the “safety brake elevator” in 1853, then become of the company under United Technologies (UTC). Otis core business was the design, manufacture, installation, and service of elevators and related products, including escalators and moving walkways. By 2004, Otis had 1.5 million elevators and 100,000 escalators operating throughout

    Words: 1148 - Pages: 5

  • Premium Essay

    Otis Toy Trains Explores the Supply Chain

    Otis Toy Trains Explores the Supply Chain Otis Toy Trains of Minneapolis, Minnesota was a landmark company since the 1900s, which had to go through a change in target market that lead to the problem of high labor cost. JLPTC offers Otis Toy Train a deal to take over a huge portion of production, promising a decrease of 40 to 60 percent of manufacturing costs. Otis should take the deal because it serves as the best solution for the company’s current issue. However, the company must do so with

    Words: 351 - Pages: 2

  • Premium Essay

    Superior Grain Elevator

    SUPERIOR GRAIN ELEVATOR, INC. EXECUTIVE SUMMARY Superior Grain Elevator was located at Thunder Bay, Ontario, Canada’s third busiest port. With 14 giant grain elevators, Superior was able to load ships constantly sending grain to all parts of Eastern Canada and the globe. The ships were contracted for by agents who lined up the required tonnage of shipping capacity to fulfill the various contracts held with Superior. Although the agents tried to arrange for ships to arrive at Thunder Bay in

    Words: 1662 - Pages: 7

  • Premium Essay

    Otis Elevator: Accelerating Business Transformation with It

    Business Context Elisha Graves Otis founded the company when he first founded the ‘Safety brake elevator’ in 1853. From then the company’s main focus was to design and manufacture the safety systems according to the customers need. The Otis Elevator Company became a subsidiary of United Technologies (UTC). It is one of the largest manufacturing industries in the world. It not only manufactures but also installs the equipment in the respective customer desired locations. It then continues its relationship

    Words: 1018 - Pages: 5

  • Premium Essay

    Iowa Elevators

    table to be visited for a successful cost saving plan. The executives are also asking another department to present the same five year plan. They have made it very clear that if major changes need to be made they aren’t afraid to do so. Iowa Elevators is a large operating company with huge financial success and annual revenue. With that in mind this company has the ability to implement several different kinds of organizational structures and departments. The best approach to starting the idea

    Words: 1065 - Pages: 5

  • Premium Essay

    Iowa Elevators

    Iowa Elevators Case Study Iowa Elevators Executive Summary Iowa Elevators is one of the largest grain-handling companies in the United States exceeding $2.3 billion in revenues annually. It is also the employer of more than 2,500 employees. Iowa Elevators has recently experienced declining revenues over the past year as a primary result of drought conditions. Needless to say, the drought had a huge impact on crop production, hence setting in motion a need for change. Scott McBride

    Words: 1255 - Pages: 6

  • Free Essay

    Case Analysis on Superior Grain Elevator Inc

    The Exotic Adventure Inc Case Case Synopsis The Exotic Adventure Inc, main objective was to offer the Amazon River Voyage an exciting journey consequently during a low water season. Nevertheless, the company had to make a complicating decision’s continuing on with the voyage during the low water season or canceling the voyage completely. In addition to those two option’s EAI had to make the proper decision hoping it will not affect their clientele with the company

    Words: 1154 - Pages: 5

  • Premium Essay

    Otisline

    1. Otis has been the market leader in both sales and service segments. Consider the time when OTISLINE was just being conceived. Why do they need to do anything at all, and that too in the service sector? Higher Margins in Services-Elevator industry was highly competitive with players comprising Otis, Westinghouse, Dover, Montgomery, Schindler, U.S. Elevator and Fujitec. Otis was the industry leader in sales and service. The manufacturing companies were more focused on getting service contract

    Words: 795 - Pages: 4

  • Free Essay

    Otis Toy Trains Case

    Otis Toy Trains is faced with the challenge of dealing with increasing labor costs. Until this point, Otis has been able to deliver a detailed and refined train series at a price customers are satisfied with. Chinese company JLPTC has announced its ability to produce the same train and cut manufacturing costs up to 60 percent. In order to survive, Otis needs to cut costs and evaluate the potential success of its strategic options. Otis could accept the proposal in its entirety. By doing this, Otis

    Words: 653 - Pages: 3

  • Premium Essay

    Mkt 420 Elevator Pitch

    Elevator Pitch MKT 421 December 7, 2015 Elevator Pitch My name is Jane Doe. I am a stay at home mother to a two year old and an online student. I am currently working on my second year of course work for a bachelor’s degree in business accounting. I have experience in customer service, communication, house work, childcare, and a little with marketing. When it comes to working, I work my hardest to do the best job I can. I never give up even when the going gets rough. I always have a smile

    Words: 511 - Pages: 3

  • Free Essay

    Elevator Pitch

    I am a well-rounded person because I love to interact with other ethnic groups and continuing my education is also one of the biggest parts of my achievement since I move in the side of the world. I’m presently just trying to finish my BS Major in Human Resources. I still work for the military as civilian and teaching Detroit Diesel Engines and for another Aviation company name Flightstar Aircraft Services. I go above and beyond to achieve success based on my career and experience and what I can

    Words: 595 - Pages: 3

  • Free Essay

    Accelerating Business Transformation with It

    Otis Elevator: Accelerating Business Transformation with IT Otis was the largest manufacturer, installer, and servicer of elevators, escalators, and moving walkways in the world. Otis Elevator company has reformed itself as a service oriented company from an old line industrial company. This was possible due to the company’s focus on orders of magnitude improvements in logistics and service. It has integrated all the functions needed in perspective of customer and developed a single

    Words: 538 - Pages: 3

  • Premium Essay

    B2B Mktg

    The European elevator company was established in early 1900 and had its headquarters based out in Helsinki and Brussels. The European elevator company was a respected company in the elevators and escalators industry and had been operating in this industry from its inception. The European elevator company amongst the 3 largest elevator company in terms of its revenue and market-share. The European elevator company revenue was primarily from two sources – one sale of new equipment (~38%) and services

    Words: 1772 - Pages: 8

  • Premium Essay

    Elevator Pitch

    An elevator pitch is a brief overview of an idea for a product, service, or project. The pitch is so called because it can be delivered in the time span of an elevator ride (say, thirty seconds). When I was first asked to write an elevator pitch, the first thing that came to my mind was, Why is an elevator pitch so important? I’m bootstrapping my business – I don’t need any funding so why should I even care about an elevator pitch? Well, I later came to find out that the process of formulating

    Words: 552 - Pages: 3

  • Free Essay

    Otisline

    OITS Assignment Report Group F2 OTISLINE Group Members Shirsho Biswas (0344/48) Shridhar Jaiswal (0347/48) Shubhkarman Singh Sidhu (0350/48) Q1. What might be the motivation for Otis to launch this project? Ans. The elevator service business alone was $2 billion, which was almost twice that of product sales. Also it was a more stable market than the product sales market. It was essential that this part of the business ran as effectively and efficiently as possible. Customer call-back responsiveness

    Words: 545 - Pages: 3

  • Premium Essay

    Otis

    the pros and cons of the proposed joint venture between Otis Elevator Company, CITIC and TEC, and some changes I think may be necessary in the Joint Venture proposal. Exhibit A summarizes the current business overview of Otis and its competitors, which is important to understand the context of the JV and how will a JV in China would be helpful for Otis’s market position. I think this is a good time for Otis to enter the Chinese market. Otis entered China earlier in 1930, and left the country in

    Words: 932 - Pages: 4

  • Free Essay

    Otis F. Wood V. Lucy, Lady Duff-Gordon

    OTIS F. WOOD v. LUCY, LADY DUFF-GORDON, 222 N.Y. 88; 118 N.E. 214; 1917 N.Y. LEXIS 818 Fact: Lady Duff-Gordon was a fashion guru and hired Wood’s agency to have the exclusive right to her endorsement and fashion design. Lady Duff-Gordon was to handle business for Wood and in return, Lady Duff-Gordon was to receive one half of all the income. Lady Duff-Gordon placed her endorsement on fabrics without the knowledge of Wood and withheld the profits from those fabrics. Issue: Whether the contract

    Words: 341 - Pages: 2

  • Free Essay

    Otis Elevator

    Otis and the Central Role of Information and IT May 18, 2011 I. Key Business Objectives Bousbib developed several key business objectives in response to the changing operational landscape of elevators, escalators and moving walkways industry. No longer would Otis be considered an “old-line industrial company.” Among these key initiatives and changes were: * Vision: Become the “recognized leader in service excellence among all companies – not just elevator companies – worldwide.”

    Words: 943 - Pages: 4

  • Free Essay

    Elevator Speech

    If the desire to attend school for the first time or go back to school is there, but your hectic day-to-day schedule prevents you from attending traditional classes on a regular basis then maybe distance learning is right for you! With minimum requirements for attendance, flexibility in the schedule, and all materials and information for you, online classes have become the solution for those wanting to expand their education. Inside the online course environment, in lieu of a traditional classroom

    Words: 327 - Pages: 2

  • Free Essay

    Elevator

    CASO: Una empresa japonesa está pensando lanzar al mercado un negocio de ascensores. La estrategia planteada es la siguiente: “Todos los ascensores son iguales pero el nuestro es 25% más barato”. Premisas: • Ascensores de pasajeros • Japón no se analiza como país • Ventas globales ¿Cómo estructuraría el análisis bajo el Pensamiento Estratégico? Primer paso: La empresa debe definir cuáles van a ser sus objetivos generales. Para ello lo primero que debe hacer es definir el mercado objetivo

    Words: 1286 - Pages: 6

  • Premium Essay

    Otis

    companies%mdash;not just elevator companies—worldwide." o Bousbib challenged ... launch a new initiative that would help make Otis the #1 service company in the world p 235/15 • Continue strong revenue growth • Maintain / improve operating margins, already substantially above industry averages • Establish strategic advantage in emerging markets e.g. China • Make the transition from a manufacturing to a service organization • Reorient Otis to a customer-centric organization

    Words: 1740 - Pages: 7

+
-