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Strategic Management for the Plastics Industry

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Overview

Strategic Management in the Plastics Industry explains how companies in the plastic industry can deal with specific problems that are not addressed in general management books. It is written for a broad audience in the industry, including aspiring professionals who wish to become managers, managers already in place who wish to round out their skills, consultants to the industry, and university students and faculty in plastics engineering and polymer chemistry departments.

Strategic Management in the Plastics Industry outlines the fundamental elements in polymer manufacturing, compounding, distribution, and processing that make the plastics industry a unique business, and it shows how these factors affect management decisions. Using case studies and examples, it demonstrates how prudent managerial choices are made and illustrates management errors company leaders must avoid. The author also covers the "do's and don'ts" of acquisitions, product support requirements, culture and size transitions, and financial dynamics of the plastics industry. The material is based on the author's experience, extensive research, and interviews with managers throughout the industry.

Although the plastics industry is in the midst of dramatic changes brought about by increasingly globalized competition and an unusually strong slowing of the world economy, the fundamental principles of how to manage successfully in the plastics industry remain unchanged. Applicable to companies throughout the wide range of sizes and segments that comprise this industry, Strategic Management in the Plastics Industry is the one resource you need to operate productively, manage effectively, and grow in the industry.

Strategic Management in the Plastics Industry explains how companies in the plastic industry can deal with specific problems that are not addressed in general management books. It is written for a broad audience in the industry, including aspiring professionals who wish to become managers, managers already in place who wish to round out their skills, consultants to the industry, and university students and faculty in plastics engineering and polymer chemistry departments.Strategic Management in the Plastics Industry outlines the fundamental elements in polymer manufacturing, compounding, distribution, and processing that make the plastics industry a unique business, and it shows how these factors affect management decisions. Using case studies and examples, it demonstrates how prudent managerial choices are made and illustrates management errors company leaders must avoid. The author also covers the "do's and don'ts" of acquisitions, product support requirements, culture and size transitions, and financial dynamics of the plastics industry. The material is based on the author's experience, extensive research, and interviews with managers throughout the industry.Although the plastics industry is in the midst of dramatic changes brought about by increasingly globalized competition and an unusually strong slowing of the world economy, the fundamental principles of how to manage successfully in the plastics industry remain unchanged. Applicable to companies throughout the wide range of sizes and segments that comprise this industry, Strategic Management in the Plastics Industry is the one resource you need to operate productively, manage effectively, and grow in the industry.

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Product Details

  • ISBN-13: 9781566768832
  • Publisher: CRC Press
  • Publication date: 9/27/2002
  • Pages: 176
  • Product dimensions: 7.20 (w) x 10.30 (h) x 0.60 (d)

Table of Contents

Preface
INTRODUCTION
Why a Management Book for the Plastics Industry
Management as a Career
What Six Things Management Must Do

FOUNDATIONS OF THE INDUSTRY'S SEGMENTS
Polymer Manufacturing
Compounding: Key Factors
Distribution: Key Factors
Processing: Key Factors
Equipment, Additives, and Other

TECHNOLOGIES AND MARKETS SHAPE HOW A BUSINESS IS RUN
Technologies
Markets

COMPANY CULTURE AND ORGANIZATION
Size Matters - It's Intertwined with Culture
Tailoring Organizational Form to Business Needs
Management Styles
Board of Directors

MANAGING FOR SUCCESS
Planning for Success
Managing and Integrating Functions
Managing Costs

STAFFING FOR SUCCESS
Recruiting
Training
Compensation and Reviews
Promotions
Firing and Personnel Layoffs
Using Temporary and Other Non-Employee Personnel
Retention
Plant and Laboratory Non-Professional Personnel

TOOLS FOR MANAGEMENT
Analyzing Your Business
Benchmarks for Allocation of Costs
Measuring Your Results

THE ROLE OF ACQUISITIONS, JOINT VENTURES, AND DIVESTITURES
Access to Markets
Access to Technology
Manufacturing Capacity
Vertical Sector Acquisition
Successfully Integrating Acquisitions into Existing Operations
When and How Not to Acquire
Acquisitions vs. Joint Ventures
Divestitures
The Challenges of Being Acquired

CASE STUDIES
Polymer Manufacturing
Compounding
Distribution
Processing
Equipment
Common Threads

SUMMARY
BIBLIOGRAPHY
INDEX

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