Southwestern Ohio Steel Company Essay

613 words - 2 pages

Southwestern Ohio Steel Company

Southwestern Ohio Steel Limited Partnership (SOSLP) was considered to be one of the industry leaders in technology and service. SOSLP sells to approximately 500 customers, twenty five of which produces about two-thirds of the company's sales. Dan Wilson, vice president of sales at SOSLP, had recently received a letter from Matworks requesting SOSLP to provide sponsorship for an upcoming Matworks annual sales meeting. Dan needed to decide if providing sponsorship was feasible keeping in mind that Matworks had been a long standing customer of SOSLP while also knowing that gifts were no longer a custom in the steel industry.

     Wilson should not offer to sponsor the annual sales meeting as this would not comply with company and industry situations.

     In earlier days, ?wining and dining? the customer had been a part of the steel industry and adjusted as a cost of doing business. But recently government regulations had restricted this method of doing business and now ?buying? business was just not a part of the industry. Sponsoring the annual sales meeting does not comply with the present business ethics and SOSLP could risk hurting their image and losing respect in the marketplace.

Matworks at one time had been one of SOSLP?s best customers and bought almost exclusively from the company. Over the past few years they had run into financial trouble and thus were not buying as much. They had gone from being in the top ten best customers to about ninetieth. Twenty five customers produced about two-thirds of SOSLP?s sales; Matworks was far off. The contract with Matworks was negotiated on a yearly basis and sponsorship was not a part of this contract. Also the sponsorship would lead SOSLP?s other customers to believe that SOSLP would be willing to support their future events even if it was not in the contract. Also they would think that SOSLP would provide financial...

Find Another Essay On Southwestern Ohio Steel Company

Effects Of War Essay

750 words - 3 pages steam engine, which was discovered by Edwin LeDrake. The oil boom spread through Kentucky, Ohio, Indiana, and Illinois. Petroleum-refining industries grew up in Cleveland and Pittsburgh , as entrepreneurs hurried to make oil into kerosene. Gas at the time, was thrown away. Yet when the automobile was invented, it became the most important black gold. In 1887, rich iron ore deposits were found along the Merabi Range of Minnesota. At the same time the

Starbucks Financial Reporting

1639 words - 7 pages . Cincinnati, Ohio: Southwestern Publishing Co.Smith, J., Skousen K. F. (1992). Financial Statement Analysis. In Intermediate Accounting, 11th Ed. Cincinnati, Ohio: Southwestern Publishing Co.Starbucks Corporation. (2007). Form 10-K Starbucks Corporation-SBUX, Retrieved, March, 2007

Neighborhood Analysis

2039 words - 8 pages Hill spans an area of 5.323 square miles. The transportation system for this neighborhood includes highways, avenues, roads, streets and two railroads. Bond Hill lies close to the Mill Creek area, an urban upstream. Bond Hill is located in the southwestern part of Ohio. The Marietta-Cincinnati Railroad runs through Bond Hill. In 1886, this neighborhood became incorporated as a village. New homes were built in the 1930s. In 1964, black families began

The History of Roller Coasters

3882 words - 16 pages Device Manufacturing Company, which later became the National Amusement Device Corporation. Out of this Dayton relationship and a partnership with Norman Bartlett came the great Flying Turns ride. The prototype ride opened in 1929 at Dayton's Lakeside Park. In 1930, a larger version opened at Euclid Beach Park in Cleveland, Ohio. Miller died in Houston while designing a coaster for the city of Mexico (Throgmorton 72-93). Miller held over 100

J.P. Morgan and Ragtime

1226 words - 5 pages accomplish his set goals and reshape the failing economic Railroad system. Morgan's reputation most likely grows from his role in the emergence of many modern companies. Morgan, through his innate business sense, helped launch some of America's largest corporations. He was able to invest and help foundling companies in need of his monetary support and guidance. Morgan went on to help create the Federal Steel Company, the National Tube Company, and

Who Were the Robber Barons? what was their impact on the economy today? who are some modern robber barons? What is a robber baron who are the three robber barons listed?

2912 words - 12 pages to the oil business.In 1870, Rockefeller and a few associates incorporated the Standard Oil Company in Ohio. Because of Rockefeller's know how on economical operations, Standard Oil Company prospered and began to buy out its competitors until, by 1872, it controlled nearly all the refineries in Cleveland. That local monopoly enabled the company to negotiate with railroads for favored rates on its shipments of oil. It acquired pipelines and

Fathers of the Businesses that Built America

1963 words - 8 pages another industry that caught his attention. Carnegie was asked to help with the building of the Eads Bridge, where he had discovered the steel industry intriguing. While Carnegie found a way of mass producing steel in order to build up cities, he revolutionized the way steel was produced and visualized to the general public in the United States by his company Carnegie Steel. Carnegie threw himself into the Steel Industry rather quickly but

My Pennsylvania Landscapes

2716 words - 11 pages found even close to Economy Borough. Ambridge is a town on the Ohio River and the various rail lines that run parallel to it. It began as a religious settlement named “Economy” that belonged to the Harmony Society. It then changed hands to the American Bridge division of the United States Steel Corporation in 1905. Steel became the backbone of the town’s economy, but it collapsed in conjunction with the industry. “Ambridge is now in the long

The Louvre Palace, Pei's Bank of China Tower in Hong Kong

897 words - 4 pages PEI’S OTHER WORKS One of his buildings that really captured my attention is the aforementioned Bank of China Tower in Hong Kong. The structural expressionism adopted in the design of this building is supposed to resemble growing bamboo shoots, symbolising livelihood and prosperity. The whole structure is supported by the five steel columns at the corners of the building, with the triangular frameworks transferring the weight of the building onto

Legal and Ethical Analysis of Ashland Oil Inc. : Trouble At Floreffe

2698 words - 11 pages LEGAL CASE ANALYSISI. FactsIn 1987, with revenue exceeding $7 billion, Ashland Oil, Inc (AOI) was the sixtieth largest company in the US and the largest independent oil refiner in the country (1).In addition to the refining business, AOI also diversified into other business segments including oil exploration, gas and convenience stations, oil change service stations, motor oil and related automotive chemicals, special chemical products and

Three Great Men that Embodied the American Dream

1759 words - 8 pages his family to survive. He got a job at the Ohio Telegraph Company, which would boost his income and give him benefits. A few years later, he landed a job at the Pennsylvania Railroad Company. His employment there would be vital to his later success. “Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in the United States” (PBSVIDEO). He created a cheap

Similar Essays

Sw Illinois Tif Success Stories Essay

3220 words - 13 pages ; + > ! stormwater problem to a successful conclusion. Southwestern Illinois TIF Success Stories To find out more about what the ity of Collinsville has to offer, contact Economic Development at 618-346-5200 Collinsville pairs TIF dollars with state transportation grant to improve Uptown district By ALAN J. ORTBALS ? '@ > $ + % A%! / >" Vandalia Streets. Over the past several years, the ? B%& % ?#@(D > $ E F F

Rich Families Of Long Island Sound In The 1920's

755 words - 4 pages Carnegie focused his attention on steel production for America’s need of steel. He first formed Carnegie steel company but later after he bought out many firms his company was called U.S Steel. He soon found out the job was way too much for one person to handle so he hired a fellow industrialist by the name of Henry Frick, and Frick became the chairman of U.S. Steel.They had a very good run at the steel business together but at this point Carnegie

Hard Time: Worse Of The Worse

1484 words - 6 pages for commissary. These prisoners might not even give each other a second glance on the outside. However, because each and every one of them has found themselves in a maximum security prison, behind steel bars for an extended amount of time, these prisoners have chosen to engage in activities that make the best of it, thus creating the prison subculture. While the inmates of the Southern Ohio Correctional Facility may be locked up in a maximum

The Founding Fathers Of Business Essay

1739 words - 7 pages industry because of the future it held, he knew that boats were no longer going to be the main source of transportation and that railroads and trains were going to be the next big thing. Carnegie, who was working under Tom Scott, first started in the bridge building company that ended up building the famous Eads Bridge. Even though the bridge was extremely successful, Carnegie saw a better opportunity with the making of steel. While Carnegie and