Finance & Law for Engineers Assignment Example | Topics and Well Written Essays - 500 words

Finance & Law for Engineers - identification ExampleIn order to achieve this Telit is currently quest to grow its trade for the M2M technology. The company is seeking to identify with the technology and be a major dealer with this M2M technology in the short run. This has had the proceeding increasing gross margin from 37.1% to 38.2% as a result of redesigning operations involving M2M technology. Telit has a wide scattering network for the M2M technology which has over five thousand dealers distributed worldwide. The companys mode of dealership is to concussion customers directly or through the dealers. Over the year, Telit recruited more employees all over the world. The 17.3% increase in revenues keister be attributed to the efficiency of this distribution network. The new employees and dealers leave be responsible with maintaining good relationship with clients, then steady revenue. All this was done as part of the strategy to increase the companys market base whose effec t will be increased revenues (Telit Communications, 2013).Recently, Telit has made some acquisitions and is in the process of do more acquisitions. In its growth strategy, Telit wants to diversify its products. The company has invested in seven research and development centers that rent the responsibility of coming up with new competitive products as well as innovatively improve the quick products. This had the result of an increase in research and development expenses from four million dollars to twenty four million dollars. Telit has already acquired ILS Technology LLC which will offer complementary contribution to the companys growth strategy. ILST will offer services and products that will be used to connect M2M devices to the existing clients systems. Alongside ILST, the company has alike acquired CrossBridge Solutions that deals with mobile data connectivity. This acquisition will assist the company to tap and properly establish itself in the Internet of Things (IoT) busi ness. These acquisitions cost the company eleven