Praxair Analysis

Paper Summary:

Praxair, Inc. is a global Fortune 500 company in the industrial gas business. With annual sales of $ 5.6 billion, Praxair is one of the three largest industrial gas companies in the world and the largest in North and South America. Although Praxair has been outperforming its peers in terms of sales, earnings growth, and total shareholder returns, the company is currently being affected by rising costs of key raw materials and flat top-line growth resulting from the economic slow down's impact on key customer segments. As such, the company is facing the challenge of improving its profitability, while simultaneously endeavoring to expand its business. This paper develops strategic recommendations for Praxair, Inc. through an analysis of its current strengths and weaknesses, the external environment it operates in, and its corporate and business strategy, beginning with a brief review of the company's historical development and growth. The paper includes tables.

From the Paper:

"As observed earlier, innovation has been a cornerstone of Praxair's organizational culture and corporate strategy. In fact, the company is quite relentless in its continuous search for the next technological, application, or process breakthrough as evidenced by the fact that it currently holds almost 3000 patents (About Praxair, 2004). Recent innovations by the company include new technology to reduce the release of environmental pollutants by electric utilities and a process for oil refiners to significantly increase efficiency and reduce emissions."

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