...Reorganization and Layoff: Decision Making and Evaluation Paper Reorganization and Layoff: Decision Making and Evaluation Paper “One in seven U.S. families goes bankrupt in the course of a decade, 90% of them are educated, middle-class families, mostly with children (Warren & Tyagi, 2003).” Job loss is one of the major causes. Middle-income jobs are usually impacted most during reorganization and layoffs. To help protect the middle-class consumer, it is important for companies to train its managers about the effects of layoffs, and proper handling of layoffs. The Middle-income A typical family, living a middle-class lifestyle with children, usually requires both parents to work. If one parent loses their job, the family could face a financial crisis (Warren & Tyagi, 2003). It is common that middle-income jobs are the most affected by reorganization and layoff, especially at big factories and companies. Many companies rely on the middle-income consumer, so companies need to be careful with why and how they reduce its workforce. As seen in bankruptcies, many markets hurt when middle-income jobs are lost. Business Decision To help maintain a healthy market and company perception by the public, companies need to avoid layoffs if possible, and when necessary handle the issue with care and professionalism. A good business decision is for a company to invest in training its managers on the effects of layoffs and proper handling of layoffs. When managers have...
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...strategy, a change in the vision, or mission statement, reorganization, or acquisitions. When an organization changes the people within the company must also transition. Transition means a person has to let go, say goodbye, and live outside his or her comfort zone. To illustrate an organizational change I choose Budget Panels and their employees as an example. Budget panels went through a series of eras. The final era was the acquirement in 1986 by Hon Industries. This acquisition brought many transformations in the company, for the employees as well as new pricing, products, and services. This paper will follow Budget Panels transitions; describe the change transition curve, and the influence of global and internal environments. First, a small summary of how Budget Panels was originated and the organizations transition into the final era. Budget Panels was created by entrepreneur Gary White. Gary started Budget Panels in the garage of his home in the early 1980s. The company produced office partitions. The organization quickly grew and evolved from an entrepreneurial business to a professional management structure in a new location in Kent, Washington. The company also changed their name from Budget Panels to Budget Panels Incorporated also known as BPI. The next six years the company grew at an alarming rate, establishing two work shifts to meet customer needs. During this period there were numerous first order changes. The company was beginning to build its corporate identity, a...
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...& Gas and Northeast Utilities legally merged to become one company under the name Northeast Utilities. Northeast Utilities is an energy company that provides electricity and natural gas services to Connecticut, Massachusetts, and New Hampshire. Two years later, these entities are still functioning as two separate, disjointed companies with few connections to unify them. Customers are being affected by the inconsistencies in service. The organizational development process of entry, contracting, data gathering, diagnosis, feedback, intervention, and evaluation will be employed to combine the best qualities from two legacy businesses into one cohesive corporation to improve customer satisfaction. The tasks of reorganization, standardization, organizational alignment, as well as other practices, will facilitate the organizational unification. Outsourcing and consolidation for applicable departments will be used for greater business competencies. Modifying the standard operating procedures allow departments to service customers more consistently, and efficiently. Revisiting, standardizing, and reiterating throughout the company the agreed upon safety policies will allow for a more secure work environment. These two companies working side by side are producing positive results. However, they are not functioning to the full capability of a united corporation. Through the organizational development process, this company will become unified and will progress into a strong, successful...
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...Philips is an electronics company that focuses on a wide array of electronic related goods since its early beginnings with light-bulbs in 1892. However, the journey of being a leading consumer electronics company didn’t go without a few bumps on the road that leads it to its prominence. In relation to the question, Philips became the leading consumer electronics company in global terms due to its decisive attempt of organizational development. In order to be very competitive, strong research would be vital to its success and survival in the company’s post war era. It wasn’t a success at first try, but after recapturing their target market through successive roles of CEO’s with strong incentives, it slowly began to regain its corporate goals of success. The most important period in the company’s history in terms of overturning its slow growth would be during the Boonstra’s Reorganization period. At the end of this period, the company succeeded in achieving the objective of retaining a 24% return on net assets which eventually increased the market value of the firm by five-fold. The consequential growth was the result of shifting major corporate resources to marketing, including 40% increase in advertising which was an attempt to raise awareness of the firm. At the beginning of the last decade, the firm still continued their interest on broad range of volatile, high-volume products such as consumer electronics, semiconductors, and components. For a company to grow, it needs to...
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...The information that Valerie discovered about her boss was very shocking and brought so many things to light. She wants to do the right thing but she is afraid of ruining her own situation, Valerie Young was a marketing manager at an international cosmetics and fragrance company, Wisson, which is headquartered in Chicago. Wisson underwent major reorganization due to cost cutting. Valerie’s department was downsized from 25 to 10 people the year before. They did survive as a small team though, and their role within the organization was unique—acting as an agency, delivering designs for bottles and packaging and developing the fragrances for their brands. Valerie’s manager, Lionel Waters, had been with the department for 14 years. He was hired by Wisson’s CEO at the time, after he had worked for big names in the fragrance industry. During Valerie’s first year at the company, the team worked with as many as eight different fragrance companies to have a good diversity of new scent ideas. After a while, they began using only perfumers from two fragrance companies for their projects. She was wondering why they stopped working with the other perfumers, because their submissions were not bad at all and they also successfully supply Wisson’s competitors. Why were these perfumers not good enough for Wisson? It did not take long for the team members to realize that Waters was not to be questioned. The team then went forward and developed great relationships with the perfumers of the two...
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...Strategy BUS 508 May 16, 2015 Assignment 2: Human Resource Strategy Good Human Resource strategies are imperative for any organization to successfully meet its ultimate goals. This case study will discuss the mission, vision and Human Resource strategies of Burns and McDonnell and Cisco Systems and analyze how both companies can improve their strategies to help them excel in their industries. Compare and contrast the two (2) industries you have identified in terms of size, products, services, customers, economic and regulatory environment. Burns & McDonnell is an engineering design company with more than 5,000 employees (“About Us,” 2015). The company provides engineering, architecture, construction and consulting services for health care, aviation, defense and utilities markets (“About Us,”,2015). Burns & McDonnell is not a product company. It is an engineering company that designs solutions for clients. Some examples include boiler design and installation, building a cellulosic biorefining plant, and design of a microbiology lab. Their customers include healthcare industry companies, power energy companies, aviation companies, IT and construction companies, including clients like Duke Energy, American Airlines and the U.S. Navy (“Burns & McDonnell,” 2015). Burns & McDonnell is part of several governing security regulatory boards. The company's regulatory environment includes Chemical Facility Anti-Terrorism Standards, Emissions Security, and Nuclear Regulatory...
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...which manufactures and sells contemporary fine jewellery. In WFJ, SL handled the core business while SF was in charge of designing and ensuring the quality of the jewellery. In 2000, SF effectively retired from the business, but SF still had a significant influence on the company. Furthermore, SF held 25% of share capital when WFJ was duly incorporated. Later, SF was appointed as a director of the company. Subsequently, SL insisted that the following provision be included in the articles of association of WFJ, despite SF stating that she has no ambition to take any significant role in the company: “Wong Siu Foong shall be appointed to the Board of Directors for as long she holds shares in the Company, and shall not be removed without the approval of Wong Siu Long. As director, Wong Siu Foong shall be entitled to an annual remuneration amounting to $60,000 or 1% of the Company’s after-tax profits, whichever is the higher.” The issue presented in this question is whether SF can enforce the above provision against WFJ. Based on the facts, the general law can be applied to determine the effectiveness of the provision. S39(1) of the Companies Act (“CA”) states that the memorandum and articles shall bind the company and the members as if the respective parties had signed and sealed in a contract to observe all the provisions of the memorandum and the articles. Hence, the provision in the article is said to be effective. However, there are alternative arguments to this case. The Singapore...
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...of college. She is anticipating a large expense on books but is hoping to save some money on purchasing school supplies by looking at discount retailers instead of the college bookstore. Misty has found two companies, Company A and Company B, with some great back to school deals on school supplies. Company A is offering ten percent off each dollar spent on school supplies with no minimum purchase required. While that sounds like a great deal, Company B is offering twenty-five percent off all school supplies purchased after spending an initial one hundred dollars. While both options offer a great discount, Misty wants to determine which would save her the most money. Before moving any further, Misty must determine what her total bill for school supplies might be by identifying the items she will need to purchase and then totaling the final cost. Once that has been ascertained, she will need to calculate the possible savings on each plan to determine which one will be most cost effective. Task B In order to calculate the savings, Misty is going to let (y) represent to total cost of her school supplies after all discounts have been applied. She will use (d) to represent the discount percent she is going to receive from the company. As prices from each company are comparable, she has calculated the total cost of her school supplies to be $230.00 which will be represented as the variable (x). The following is an...
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...of college. She is anticipating a large expense on books but is hoping to save some money on purchasing school supplies by looking at discount retailers instead of the college bookstore. Misty has found two companies, Company A and Company B, with some great back to school deals on school supplies. Company A is offering ten percent off each dollar spent on school supplies with no minimum purchase required. While that sounds like a great deal, Company B is offering twenty-five percent off all school supplies purchased after spending an initial one hundred dollars. While both options offer a great discount, Misty wants to determine which would save her the most money. Before moving any further, Misty must determine what her total bill for school supplies might be by identifying the items she will need to purchase and then totaling the final cost. Once that has been ascertained, she will need to calculate the possible savings on each plan to determine which one will be most cost effective. Task B In order to calculate the savings, Misty is going to let (y) represent to total cost of her school supplies after all discounts have been applied. She will use (d) to represent the discount percent she is going to receive from the company. As prices from each company are comparable, she has calculated the total cost of her school supplies to be $230.00 which will be represented as the variable (x). The following is an algebraic...
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...determination. Southwest’s operations involves low cost methods to get customer to places while the culture focuses on promotion of its satisfaction-based culture- both internally and externally; people seem to love giving into the company more than they love the company’s returns. A big airline is most likely to be the competitor. It is very likely that the corporation can introduce a system of short-haul, cheap flights via a standardized fleet with ease. The billions in revenue generated from other divisions can provide the capital required; they can even have the option to operate at a loss for a while. The question, then, turns to one of sustaining this division by attracting customers from companies like Southwest. Besides setting low prices and attempt to maximize efficiency, the question becomes: can the division’s efficiency outstrip that of Southwest’s? As stated, Southwest’s culture inspires employees to work, thus productivity and efficiency increases. This is the key behind the company’s success: fostering culture and turning the results into profit. Can a big company replicate or build the culture? Replication is difficult because usually big wigs are reluctant to change their own culture of following rules to the letter like traditional big companies to an upbeat style of Southwest. Instead of satisfying customers, maximizing shareholder value takes priority and this choice could be detrimental to the divisions’ cause (shareholders may also not be happy at the prospect...
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...CORPORATE CULTURE SECRETS OF FIVE COMPANIES EMPLOYEES LOVE How innovative companies are creating ways to build company culture while seeing tangible benefits. INTRODUCTION Creating the right culture for your company could be the best investment you ever make – and often, it doesn’t cost a dime. The world’s most innovative companies find hidden value by operating outside of established business culture. Time and time again, competitors are left asking, “How did they do that?” CORPORATE CULTURE SECRETS OF FIVE COMPANIES EMPLOYEES LOVE The answer is simple: Culture. The right culture fosters innovation, finds talent in unexpected places, and empowers employees at all levels. There isn’t a one-size-fits-all solution, but the following examples from leaders of innovative company culture will help you adopt a mindset that inspires greatness. /02 CORPORATE CULTURE SECRETS OF FIVE COMPANIES EMPLOYEES LOVE FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES If you get the culture right, most of the other stuff will just take care of itself. Tony Hsieh, Founder and CEO, Zappos.com /03 FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES Ideas From Everywhere (IFE) is a program for CareerBuilder employees, launched nearly 8 years ago as part of a company decision to adopt a strategy centered on innovation. In essence, employees are encouraged to submit their ideas for new businesses within the company. Their fellow employees are then asked to vote for the best idea...
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...Although the imminent success in the last few years,some issues have brought the company down. The pending issues that are troubling the company are the employees conditions abroad, the buying of reebok and it's sales drop last year 2012. In the website oxfam, which analyses the conditions of workers abroad, it is stated:" we asked Adidas to implement worker's rights in Indonesia". (Oxfam 1). The complaints relate to the the ongoing problems of not matching wages with the rising prices of food and supporting work abroad. This can become a greater issues because most manufacturing is done abrasive and foreign countries could rebel against western companies hence slowing down productions or damaging products. Source: https://www.oxfam.org.au/explore/workers-rights/adidas/talking-with-adidas/ Another issue is the acquisition of Reebok, although buying another company cuts competition it also bring greater responsibilities. According to article on sportsdailybusiness.com Adidas has not gained any profit from Reebok rather loss. As it states in the article that since the acquisition in 2006, Adidas has struggled to raise to power the brad, commercial irregularities have been caught and it has suffered through the NHL lockout. Buying companies may eliminate competition but can bring great loss to the company if the other company itself is doing midly poor. Source: http://m.sportsbusinessdaily.com/Daily/Issues/2012/11/09/Finance/adidas-Reebok.aspx Lastly but not least...
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...Examination Paper ESI Companies is a small company in Bartlett, Tennessee. ESI Companies is proud of their credit of providing tactical security specialist, and solutions to relieve threats to the environment. They install and build security systems in courthouse, detention facility, transportation hub, office building, and production plant. The company has partnered with private industry, law enforcement, military agencies, and correctional and detention facilities to keep their operating environments safe and secure from the threats of criminal activity and terrorism. Organizational Structure ESI Companies small business organizational structure is or can be a partnership. They are comfort of knowing their professional posses the needed skills and expertise to assist with the customers design and build techniques with courthouse, detention facility, office building, production plant, and others. They also partner with customers for facilities renovations, and maintenance of their security system regardless of any unique and challenging security needs. ESI Companies requires the customer partner in the design and implementation of their standards of operation intended to reduce the risks of security catastrophes. ESI Companies believe in working together to design, implement, build, install, and support state – of – the – art electronic surveillance and security equipment for the business run smoothly and successfully. Management and Leadership ESI Companies employs culturally...
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...Times| More |Log In|Join| Stocks ------------------------------------------------- Top of Form NewsStock Quote Bottom of Form ------------------------------------------------- Top of Form | | Bottom of Form | | Home News Markets IPO Personal Finance Mutual Funds Tech Jobs Opinion Features Blogs Slideshows ET PortfolioET SpeedET NOW Stocks Market Live Regulation Global Markets Forex IPOs/FPOs/Rights issues Bonds Money Markets Commodities Real Estate Analysis Market NewsStocks in NewsViews/RecommendationsStock QuotesMarket Calendar You are here: ET Home » Markets » Stocks » Stock Quotes » KCP Sugar & Industries Corporation Ltd. » Directors report * Summary * Prices * Financials * Reports * Company Info * News * Competitors * ET Buzz Tracker New Directors ReportChairman's SpeechFinished Products KCP Sugar & Industries Corporation Ltd. BSE: 533192NSE: KCPSUGINDEQ58888: kcpsi IND: SugarISIN code: INE790B01024SECT: Sugar BSELIVE03:40 PM | 26 Apr 2013 18.00 Change: -0.25(-1.37%)Volume: 4,357 Open: 18.35Prv. Close: 18.25 Today: 17.95 52-Wk: 14.50 18.35 26.00 Bid: 0.00(0) Offer: 0.00(0) NSELIVE03:31 PM | 26 Apr 2013 18.05 Change:-0.25(-1.37%)Volume: 17,561 Open: 18.25Prv. Close: 18.30 Today 17.80 52-Wk 14.70 18.50 26.05 Bid: 0.00(0) Offer: 0.00(0) You can view full text of the Director's Report for KCP Sugar & Industries Corporation Ltd. Director Report Mar2011 Mar...
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...information form several key employees within the organization in order to determine whether the merger will be profitable and allow the company continued growth. This analysis will include supporting calculations regarding the two companies becoming one. | Ladies and gentlemen I have been given the task of providing my recommendations as to our company (Merck), acquiring Medco. An evaluation of both companies will be completed so that I can provide accurate feedback as to the pros and the cons of the proposed merger. There will also be an analysis performed to determine the cost effectiveness and the potential synergy of the combined companies. Included in this recommendation you will find a (DCF) discounted cash flow, this will determine whether or not the post-merger company will have the ability to overcome any opposition that be in question. I will also be discussing the proposed strategy that we intend to take, should we agree to the merger. We will explore what works well for each organization and the best way to combine those efforts to maximize on continued growth for the organization. We here at Merck, being the world’s largest drug manufacturer and leader of research and development efforts, have determined that there has been tremendous growth in the area of managed care. Medco is the leading prescriptions benefits Management Company and marketer of mail order pharmaceuticals. It is noted that, experts predict that “90% of Americans will have drug costs included...
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