Overview
International Automotive Component (IAC) is a company that work to create customer value by embracing innovative techniques and engaging itself in world class manufacturing. This company has a well-established customer base across many countries in the globe. Apparent from the IAC Group Global Footprint is the fact that this company is predominantly based in North America, in North America alone; the company realizes a total of $2.5 billion sales. Majority of its customers are the automotive companies particularly the car manufacturing companies. With the above said, (IAC) has diversified by portfolio, geography and customer base. The success of this company is fostered by the fact that; the past hundred years of working with renowned suppliers has helped boost the outcome of the company. Additionally, this company adheres to a certain course of action and principles that essentially define its operations. Considering that the automotive industry is a highly competitive industry subsequent the continually changing technological inventions. The (IAC) Group has been able to sustain itself in the limelight owing its strong adherence to innovation, customer wants and leadership qualities.
Lessons Learnt
Arguably, it is imperative to note that the success of this company and its aptitude to establish a base in many countries across the globe particularly in North America can be attributed to a number of factors. As perceived, the success of this company is amplified by the fact that the company’s innovators predominantly build on their strengths a fact encouraged by the company. The company endorse a simple and focused innovation. Finally (IAC) has a well-established connection between the major players in the automotive market. Another fact noted about IAC group is that, the company values its employees a fact that foster the outcome of the company in the long run. The priority of the company is the customer’s feedback; they also company develop an environment that encourages innovation.
