Parker Hannifin Corporation: Donald Washkewicz's Turnaround Strategies


Code : COM0078

Year :

Industry : Engineering, Electrical and Electronics

Region : Global

Teaching Note:Not Available

Structured Assignment :Not Available

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Abstract: Parker Hannifin Corporation is one of the world's leading motion and control technologies and systems manufacturers. It provides precision-engineered solutions to commercial, mobile, industrial and aerospace markets.

When the industrial recession set in during 2001, the company was faced with huge amounts of excess capacity and high costs.

The company's Chief Executive Officer, Donald Washkewicz, introduced lean manufacturing throughout the company. This helped it change its operational structure, resulting in decreased overheads, reduced inventory and shorter lead times, thereby ensuring enhanced teamwork and increased profits.

Pedagogical Objectives:

  • To discuss as to how parker Hannifin Corporation converted adversities into advantages under the leadership of Donald Washkewicz.

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    Keywords : Parker Hannifin Corporation; Largest motion and control systems company; Fluid system components; US economic recession; Airconditioning systems; Restructuring / Turnaround Strategies Case Study; Donald Washkewicz; Lean manufacturing system; Turnaround strategies; Win strategy; Industrial recession; Pricing strategy; Strategic procurement goal; Cellular manufacturing; Competitive strategies; Precision-engineered solutions

    Contents :
    The Genesis
    Going the 'Lean' Way
    Financial Performance

    Case Introduction >>

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