Financial Management

Essay by meibudUniversity, Master'sA+, February 2009

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NSK Corporation is a global bearing manufacturer who is celebrating over 90 years of success. The company started out in Japan and has increased their manufacturing and sales locations all over the world. They have grown by creating 3 basic policies: Mid-term planning, Expanding production, and “Total 100% Quality”. By keeping the interest of their shareholders in mind, the company has been able to create success with the goals as their focus and growing profitability. I selected NSK Corporation as the subject of my paper because it is the company I work for. I used methods, such as the internet, personal interview, and presentation material to complete the projet.

NSK CorporationCompanyNSK was established in 1916 as Japan’s first manufacturer of bearings. For nine decades it has contributed to the advancement of the machinery in Japan and throughout the world. Its three product segments are industrial machinery bearings, which are essential elements in all types of machinery, automotive products for today increasingly sophisticated motor vehicles, and precision machinery and parts for high-tech applications.

Today, NSK continues to provide a timely, global response to needs in these three areas, and to further expand its activities as it evolves with time. NSK aims to contribute to the well-being and safety of societies and to protect the global environment through its innovative technology integrating motion and control. They are guided by the vision of being a truly international enterprise (NSK, 2008).

NSK has expanded it international network in the 45 years since the establishment of its first overseas operation, a sales company in the USA, in 1962. At the time of its 60th anniversary in 1976, NSK had business operations is 15 countries, including 5 production sites, and 19 sales sites. Thirty years later, that network has expanded dramatically and now consists of...