Although losing these employees was technically a setback, the loss of their salaries as a liability allowed the company to pay some past due expenses and continue operations. When considering threats to the company one does not have to look far, because the biggest concern is cash flow.
When considering strengths the most obvious one is that ElectroChem was in a revolutionary industry developing new energy through fuel cells, and while not profitable they remained a major competitor in the market. The fact that many of the research companies in the fuel cell industry relied on government grants was an obvious weakness.
The company has endured ever present cash flow deficits, trouble meeting short-term debt obligations, as well as staffing problems and struggle for control of the company.
Her honesty helped her build credibility amongst influential contacts and eventually led to research and development contracts for ElectroChem. In addition to these recommendations it is important that all employees of ElectroChem be well trained and versed on technological advances in their industry, in order to encourage innovation and keep up with the current trends.
Jalan knew her husband was respected in the fuel cell industry and she saw an opportunity to take advantage of the contacts he has already made, as well and building new relationships of her own.
More Essay Examples on Electrochemistry Rubric When analyzing Jalans decision we wanted to weigh out the internal strengths and weaknesses of the company and then compare them to the external opportunities and threats to the company.
Although West may have been qualified, he took advantage of Jalan by hiring a friend and moving the company in the wrong direction. The friend he hired, Peter Clinton, ended up costing Jalan and the company money when he decided to use equity investors to finance a division of the company and eventually demanded ownership for the investors.
She did not let anybody get in her way, made tough financial decisions, networked with others in same industry, participated in open communication, remained honest, secured bid and grants, made staffing decisions and most of all she learned from her mistakes.
Another one of the obvious strengths would be the forecasted increased demand for fuel cells, meaning continued government interest and a steady flow of grants for fuel cell research and development.
The main opportunity is obvious and has already been discussed, the product itself is revolutionary and as former executive director of the U. I would have thought it would have been the other way around. The company has seen dramatic highs and lows and has been rescued more than once by a last minute deal or government contract.
Also government grants are limited and there were several companies, most larger than ElectroChem, trying to obtain them in order to continue operating.
She allowed West to influence her decisions and in the beginning his ideas appeared to be working and the company was bringing in more revenue, however their relationship would prove to be problematic and would end abruptly. Having to remain on the cutting edge of research in order to obtain government grants, means that a company cannot be profitable until their research yields a commercially marketable product.
Jalan also demonstrated many of the key attributes that are common with successful entrepreneurs. Jalan was not weighing her options, she hired West without a contract and without checking to see if there were somebody more qualified to help guide her business.
It is often outside influences that determine a businesses fate, so we have to look at the external opportunities and threats that existed.
She is task oriented, she sets goals and puts forth the effort required to reach them and even in the face of adversity she continues to work and does not give up.
The next step nobody could have see coming, Jalan met with a professional colleague of her late husbands, the owner of Global Technologies, Inc.
When speaking to people about her company she always maintained an honest approach, even disclosing her lack of knowledge in the technical aspects of fuel cell technology.With sales of over $2 million inElectroChem was a worldwide supplier of fuel cell power systems, fuel cell test equipment, and fuel cell research supplies, and was a market leader in the fuel cell test station business Its flagship product, ECcell™, was being developed to provide up to 10 kW of clean energy for portable, remote, and.
ElectroChem, Inc. was a global supplier of fuel cell technology for government and commercial applications. When the founder unexpectedly died inthe firm had not yet achieved profitability. Read "Radha Jalan and ElectroChem, Inc.: Energy for a Clean Planet, Entrepreneurship Theory and Practice" on DeepDyve, the largest online rental service for scholarly research with thousands of academic publications available at your fingertips.
ElectroChem, Inc. was a global supplier of fuel cell technology for government and commercial applications. When the founder unexpectedly died inthe firm had not yet achieved profitability and was burdened with a high level of debt.
Free Essay: Radha Jalan took over management of ElectroChem, a struggling company that researched and developed fuel cell technology, after the sudden death. Radha Jalan took over management of ElectroChem, a struggling company that researched and developed fuel cell technology, after the sudden death of her husband Vinod Jalan in - Electrochem, Inc.: Energy for a Clean Planet introduction.
She did so because she was intrigued by the possibility of participating in the early stages of a.Download