Compose a 1250 words assignment on abb case. Needs to be plagiarism free! In the 1990s, ABB was to consolidate its market space by going for major acquisitions. The company's sales that was at about U

Compose a 1250 words assignment on abb case. Needs to be plagiarism free! In the 1990s, ABB was to consolidate its market space by going for major acquisitions. The company's sales that was at about USD 15 billion in 1988 and 1989, went to over USD 30 billion in the mid 1990s. But the acquisitions did not yield the results that were expected by the company and the company went into a spin. By 1997 and later in 1998, there was a steep fall in the sales turnover of the company.The turnover fell to USD 20 billion in 1999 and the company started its divestitures. Though a higher profit was indicated in the years 1999 and 2000, it was primarily out of these divestitures. Now under this background a new strategy was worked out for the company and the strategy has to be viewed under this perception.2. Solid foundation and operating profitability is more critical than the number of businesses the company does. The company moved into a number of new areas of business that were not really contributing to the profitability of the company.2. A corporate culture for excellence and perfection in execution has to be stressed by the company. This would help the company capitalize on the man power and on the efficiency of operation of the company.These formed the core of the strategy adopted by the company. The implementation of every one of these issues was brought about in both the structure of the organization and in the spirit of the organization.