million as account s receivable‚ which accounts for 37 percent of the company’s current assets. The amount of account receivable reduces the company’s liquidity ability and exposes the company to the risk of bad debts. Moreover‚ demand for office furniture is greatly influence by macroeconomic factors such as white-collar employment‚ corporate profit‚ and commercial office construction. Therefore‚ persistent downturn in the global economy not only affects the company’s account receivables collectability
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Herman Miller Business Case 1. Executive summary Herman Miller‚ an environmental leader in the office furniture industry that offers a wide variety of products including seating‚ systems furniture‚ filing storage‚ desks‚ tables and health care. In 1989‚ the company decided to adopt a triple-bottom-line philosophy‚ so it established and changed company’s environmental direction by adopting "Perfect Vision" initiative that targeted zero landfill‚ zero hazardous‚ waste generation‚ zero air
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MARKETING IN THE OPERATIONAL CONTEXT: THE CASE OF IKEA I. Introduction In the recent years‚ the operations of many businesses have become global in nature. The internationalization of businesses phenomenon paved the way for various organizations to conveniently expand in other nations. By penetrating the international marketplace‚ organizations are able to acquire greater market in which to sell their products or provide business. One of the largest companies that has become global today
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Marketing Case Study #2 1. The household wood furniture industry is a very cyclical and tough business to get into. The industry is broken down into 3 categories: upholstered‚ wood‚ and other furniture. The other category includes “ready to assemble furniture and causal furniture”. Many of the wood manufactures today are very focused on quality of the product that they sell to retailers. Manufactures provide brochures with the quality of the material that they make their furniture with and how
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Herman Miller 1. Do a 5 Forces analysis of the office furniture industry. In Porter’s Five Forces Model‚ the forces are listed as Risk of Entry‚ Bargaining Power of Suppliers‚ Bargaining Power of Buyers‚ Threat of Substitutes‚ and Rivalry among Established Firms. For Herman Miller‚ the rivalry between the established firms is high‚ and the most important force in their industry. Design is the key feature in the furniture industry‚ so the company that can come out with new and favored designs
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nineteenth century (Ngo‚ Preiffer‚ 2003‚ p. 25). In some cases‚ it may be arguable that mass production influences furniture and interior design fields in the best way. However‚ with the approach first used for the No.14 Chair production stylish furniture became affordable and is not associated with luxury anym¬¬ore. It is hard to imagine our life today without unassembled flat-packed furniture‚ which is now taken for granted by furniture manufacturers. Thonet’s bentwood technology used for the No
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Powell Mirrored Jewelry Armoire with Silver Wood If you are looking for a functional‚ and also modern looking storage for your jewelries and accessories‚ then you’ll love this Powell Mirrored Jewelry Armoire with Silver Wood. It is a beautiful furniture for storing your valuables‚ and it is also very elegant. Besides‚ it only needs very little assembly‚ so you can easily do it on your own. This jewelry armoire is excellent for any jewelry store‚ but also for your personal use. It offers enough space
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selling high-quality‚ Swedish designed‚ self-assembly furniture products at low price. The low price strategy seeks a achieve a lower price than competitors while maintaining similar perceived product and service benefits to those offered by its competitors. • IKEA is able to costs low due to the following reasons as well – o Keeping a good relation with suppliers‚ enabling a good quality supply of products bought in bulk. o Flat packed furniture‚ reducing transportation and assembly costs. o Manufacturing
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Scandinavian-designed furniture and accessories. The modern Scandinavian design has a streamlined and uncluttered look. While this furniture style is primarily associated with Denmark‚ both Norway and Sweden designers have contributed to the allure of Scandinavian home furnishings. Some say that the inspiration for the Scandinavian design can be traced to the “elegant curves” of art nouveau from which designers were able to produce aesthetically pleasing‚ structurally strong modern furniture. Danish‚ and
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Towards an understanding of Human resource management In Furniture Company Abstract: Aim: With today’s rapid economic development‚ human resource is the only major success in continuing operations. In fact‚ my parents are engaged in furniture retail industry in south of China‚ Guangzhou. In the company’s daily operations‚ we found a lot of issues about human resource management. Employee’s demission and training‚ and the negative attitude become major obstacles in the way of our company’s
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