Wednesday, October 17, 2012

A Strategic Audit of Avery Dennison Corporation

Additionally, Avery Dennison also manufactures many other products. Papers, films, and foils coated with adhesive and sold in rolls made by the company are sold to printing industry companies. School items and office solutions include markets, highlighters, notebooks, three-ring binders, fasteners, business forms, tickets, tags, imprinting equipment, and self-sticking stamps. Avery Dennison produces the self-adhesive postage stamps utilized by the united states Postal Support and sells it school items and office products and solutions via retailers (Hoover's, Inc., 2004).

Avery Dennison Organization is headquartered in Pasadena, California. The business operates manufacturing facilities and sales offices in quite a few global locations. International operations generate almost one-half with the company's total annual revenues (Hoover's, Inc., 2004). The distribution in the company's 2003 revenues by global marketplace country is summarized in Exhibit 2, which could be observed below on this page.

The firm level strategy followed by Avery Dennison emphasizes best-cost objectives in conjunction with high solution high quality level objectives. The company's strategy attempts to attain an optimal balance between prices and solution quality (Avery Dennison Corporation, 2004a).

Exhibit 3 Avery Dennison Corporation: Comparison of Company Financial Ratios with Market Ratios

The company appears to have a clear strategic vision. This appearance is supported by the company's performance record simply because 2001, a period of performance problems for quite a few companies.

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