Financial Report Case Study Example | Topics and Well Written Essays - 2750 words

Financial Report - Case Study Example The group also has a specialized value driven service provider as Schindler Marine which has been involved in providing consultancy services and mobility solutions for ships since 1980s. It is based in Italy and also has operations in Miami, Florida. Its consulting activities and customized solutions cover all stages from planning and designing vessels to installation of escalators and elevators. Furthermore, this company also provides repairing, maintenance and modernization services to its valuable clients which include major cruise liners mainly operating in Europe (Schindler, 2008). ALSO Holding AG (ALSO) is the company's subsidiary which provides services in information and communications and produces consumer electronics for both wholesale and logistics sectors. ALSO is operating in different European countries and under a different name. The company faces strong competition from companies such as KONE (Finland), Otis Elevator (Farmington, CT) and ThyssenKrupp Elevator (Germany) (Hoovers 2009). In addition to these there is competition from numerous Asian companies based in Japan and China. The company has a strong brand which is recognised and accepted by customers worldwide. The company has a global presence through 1,000 representative offices and subsidiaries operating in different countries which make it well organized group with conviction ensured by the head office. Three major strengths of the company have been identified which are reliability, mobility and innovation leader. The reliability of the company has been mainly driven from the quality of its products and services. The company has a team of technicians and engineers who are involved in the process of design newer technologies and products which cater to a large number of customers in different sectors. These products are designed in such a way that customers and general public can have a sense of safety. The company has issued its corporate citizenship report which is aimed at providing safety precautions to millions of customers who use Schindler manufactured elevators and escalators. The company has implemented e-monitoring diagnostic tools to assists in trouble shooting. This allows companies technicians to respond to customers' problems in a short period of time. Employees of the company are also its strength involved in development of technology The company's operations are spread out globally and well integrated with its head office in Switzerland. The company is operating in almost 100 countries across 6 continents and has been successfully able to compete against its competitors to generate high value sales. This could be observed from the following graph which clearly indicates the geographical dispersion of sales of both divisions of the company. From this it can be seen that 79% of ALSO's sales are from company's contracts outside Switzerland. Similar its elevator and escalator division makes most of its sales in EU markets, North America and Asia. In this way the company