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Mkt382 Part 2
Mkt382 Part 2
Mkt382 Part 2
To start off with, The Whirlpool Corporation is an American multinational company that
manufactures and markets home appliances. The headquarter is situated in Benton Charter
Township, Michigan, United States. This company has an annual revenue of approximately
$20 billion, has across 100,000 employees and more than 70 manufacturing and technology
research centers across the world. Whirlpool is one of the leading household appliance
manufacturers. The CEO, Mr. David Whitman, had a vital role to play since Whirlpool has
seen market growth and opportunities which helped in shaping the nature of the organization.
Their vision is “Be the best kitchen and laundry company, in constant pursuit of improving
life at home” ("Our Vision. Our Mission. | Whirlpool 2019 Annual Report", 2020). Their
mission is “Earn trust and create demand for our brands in a digital world” ("Our Vision. Our
Mission. | Whirlpool 2019 Annual Report", 2020).
Conclusion:
The Whirlpool Corporation has strong strategies that are being implemented. Since
there is a rapid growth of globalisation, Whirlpool has to look into each and every
market individually with different needs and identity. In order to continue with the
rapid growth, Whirlpool has and should continue to expand globally. While they
expand, they need to take into account all the performances and direction and evaluate
accordingly to get beneficial results. They can also focus more on the Chinese and
Asian markets since they had seen immense growth. Whirlpool has always chosen the
“think global and act local” concept and it was a success. They had designed their
mission and vision according to the customers’ needs and wants. Innovation was very
much taken into account as a result they increased their product lines and not product
depth. They focused more on long term brand leadership strategies and this helped
them to align the whole organization.
References:
Mazumdar. (2020). Case Analysis on Whirlpool and the Global Appliance Industry.
Retrieved 21 May 2020, from https://www.slideshare.net/samratm/case-analysis-on-
whirlpool-and-the-global-appliance-industry
Our Vision. Our Mission. | Whirlpool 2019 Annual Report. (2020). Retrieved 21 May
2020, from https://www.whirlpoolcorp.com/2019Annual/about/our-vision-our-
mission.php