J&J Electrical Contractors, Inc. final report Essay

J & J Electrical Contractors, Inc. final report
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J & J Electrical Contractors, Inc. final report
Generally, J & J Electrical Contractors, Inc. (J&J EC) specializes in electrical contracting for heavy industrial installations, office and commercial buildings, public works, educational institutions, and other specialized systems including maintenance services. The company largely competes in the Southern California electrical-contracting industry. In this final report, the strengths, weaknesses, opportunities and threats (SWOTs) of J&J EC are summarized. The company’s current strategy and how that compares to the strategic issues the company faces, is detailed. This report also details the strategic alternatives of this family business, providing recommendations of what they should do over the next 2-3 years.
Strengths – These are the qualities of the company that enable it to accomplish its mission, and are the basis on which the company’s continued success can be sustained (Fine, 2009). In the context of J&J EC, the major strengths include the following: Strong reputation for integrity, reliability and responsibility. As a strength, this reputation enables the company to successfully bid for several private-sector projects since customers have a very good perception with regard to the company’s integrity, dependability and responsibility. Another strength is strong working relationships in the private sector which has also enabled it to successfully bid for projects within the private-sector. Other strengths include having a Master Builder software that allow for more precise bidding; Financial strength because revenues increased by 2.62% and cash stood at over $105 Million and this is very good for future investment; Z2-Score is 8.6 meaning it is within the safe region (Morden, 2007). Moreover, they have a strong brand image, and an additional project manager/estimator enabled the company to bid ...