Conclusion
The most impressive aspect of Emerson as a
company is their continued focus on processes and procedures. To say that
Emerson is a large company would be an understatement, the number of companies
that eclipse Emerson in size are few and far in between. Our biggest stigma
that we had going into this project was that as such a large corporation,
Emerson would be "stuck in its ways", so to speak. It is very common
for a company to get to a comfortable size and then be content with how things
run because it is proven that they work. While this keeps a company stable, in
the long-term it can lead to archaic processes being codified into company
culture and the inefficiencies they carry aggregate. Emerson breaks this mold
by priding itself as a company on refining its procedures, which is especially
important in the ever-evolving digital landscape we find ourselves in. The
Information Systems we elaborated on in this paper are very evident in that, as
over the past 5 years the stock price and overall valuation of the company has
increased about 33%, beating the stock market average of 8% annual return
significantly.
With
this in mind we believe that the recommendations we put forth in this paper
will drive growth even further, as fine-tuning procedures even in small increments
can yield huge dividends for a company as large as Emerson. To put in
perspective, if our procedures cut costs by say even 1% in a manufacturing plant,
and that procedure is carried over to all 200+ locations, the compounding effect
of that would push Emerson to even higher on the Fortune 500 list than where it
currently resides. It is eye-opening in the regard that sometimes all it takes
is a fresh pair of eyes to step back and analyze a process to find improvements
that might not have been found otherwise for some time. Thank you for reading!

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