Analysis on MasTec
Uploaded by tmjsnbrd95 on Oct 27, 2011
This essay provides a brief history of MasTec, its current strategies, and a brief SWOT of the company.
I Introduction
MasTec is one of the largest Hispanic-owned companies in America, and is a builder of infrastructure. They have worked with phone companies, cable companies, transportation departments and many others to provide whatever the customer needs. Their philosophy is “Design. Build. Install. Maintain.”
This paper examines MasTec’s current strategies, and assesses the company overall, using the SWOT approach.
II Current Strategies
MasTec stock slipped significantly last year, along with most of the rest of Wall Street. It posted a 8.10% revenue loss for one year, but a 20.93% gain over a five-year period. (“Mastec, Inc.,” PG). Like most companies that are publicly traded, it simply got caught when the bottom fell out. Overall, it seems to be a strong performer, though it has run into some problems.
Its current strategies would seem to include doing more of what it traditionally does; that is, design, build, install and maintain infrastructure of many different types.
One area that it is currently investigating is that of “intelligent transportation systems,” which is an unfamiliar concept.
“Intelligent Transportation Systems (ITS) refers to transportation systems which apply emerging hard and soft information systems technologies to address and alleviate transportation congestion problems. For example, using advanced surveillance systems, the early stages of a traffic bottleneck situation can be detected, and traffic can then be directed to other routes to mitigate the congestion and to provide faster and more efficient routes for travelers.” (“Program Background,” PG).
MasTec is currently working with various municipalities and departments of transportation around the nation to design, install and maintain the systems that will help alleviate traffic tie-ups. This is one of the newest areas in which MasTec is interested, and it’s cutting edge.
III Strengths
One of the company’s greatest strengths is its long history and client satisfaction. The company was founded in 1929 by two unemployed carpenters, Russell Burnup and Riley Sims, who dreamed of owning their own construction company. Burnup & Sims soon developed a track record for finishing tough projects; they laid the first underwater telephone cable from Florida to Puerto Rico, for example. (“History,” PG).
Another construction firm, Church & Tower, recruited a Cuban immigrant named Jorge Mas Canosa, who immediately recognized that South Florida would experience explosive...