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Finance & Accounting
Pages 8 (2008 words)
Scientific Technology Corporation 1) In the 1980's Science Technology Corporation (STC) was considered the leading manufacturer of computer automated test equipment (ATE) utilized by major electronics manufacturers to monitor performance quality control procedures over the typical short life cycle of electronic products and components (Eeherald, 2006).
This product solution allowed large scale manufacturers of state-of-the-art very large scale integrated circuit (VLSI) manufacturers to monitor, test, and validate the mechanical and structural integrity of their production as part of essential manufacturing quality control procedures. Maintaining a leadership position in the ATE industry was management's main strategic vision. As a company, STC's primary mission and goal of management was to grow and be known as the global leader in designing innovative new testing technologies and providing integrated quality management systems for electronic equipment and components manufacturers (Missionstatements, 2013). As a direct consequence of their objectives the company required to invest heavily in research and development in order to stay ahead of the competition (Nash-Hoff, 2011). As an internal strategy and in order to remain financially feasible and minimize the impact of research and development costs in the company's bottom line, STC aimed to spread their large R&D expenses across a large amount of sales by pursuing participation in most major segments of the industry and market their products and services globally throughout Europe, North America and Asia. ...
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