Case question 1 During the recent years, Robertson Tool has been underperforming. Poor profit and sales performance reflects potential profits to be achieved from an acquisition with Robertson. At Robertson, key line items such as sales income, cost of sales and administrative expenses are much likely to be improved. Despite the fact that Robertson’s distribution system has a great range with wholesalers selling to over 15,000 retailers in 137 countries, the company’s sales growth (2%) falls behind the industrial sales growth by 4 per cent (6%). Poor sales performance and relatively high cost of sales have contributed to the profit margins to slip to one third of other hand tool manufacturers.
Problems The first actionable problem is the increase in pricing for the service that we provide here at Netflix. Netflix has dropped 15% in heavy trading stock and has also lost over 2.5 million subscribers and projected to lose another 6.5 million due to the immense price jump. As you can see by reading the symptoms the problem in pricing is the major reason why revenue has dropped in the last year and is continue to fall. The price increase has caused customers to rethink their subscription to the company as most customers believe that watching movies is a pass time and not a necessity. Another problem the company is facing is the decline in market share.
Synopsis: Strategic Issues and Problems Due to the cyclical business of steel industry, Weymouth Steel Corporation’s business is going to decrease, and it’s hard for the company to compete with other corporations. It needs to set up a new production system and satisfy environmental protection standards. Due to the cost-cutting effort, the company has closed some factories and cut unnecessary expenses. It plans to lay-off some employees. In addition, the company needs to increase salaries and improve benefits for some of the remaining employees.
Something they do not tolerate is inefficiency caused by cancelations that cost loss of profit, revenue, and consumers. 4. Implications of the problem. The limited amount of employees in office causes slow production and processing of training materials. If there's no new employing staff, the company's rates will continue to downgrade.
As well as recommend whether or not the firm should use the new work schedule, and discuss other alternative schedules that could be used. 1. Discuss the strengths and weakness of the HR director’s work schedule from the employees’ perspective. There are several strengths of the HR director’s work schedule from the employees’ perspective. The first strength is the decrease in commute expenses for the employee.
What measure(s) might the company take to obtain valid data for setting the labor time standard? (Kimmel, Weygandt & Kieso, 2011) By Don slowing his normal work pace and not doing his best during the evaluation he set a lower standard for the other employees in the department. Although his actions benefited the employees, it could hurt the company. Now the company could be paying the employees for less work. Also, this will hurt the company’s production.
As employers want the workers to work efectively for the company they have to turn up for their work, but if they are ill or don’t turn up the company still have to pay them their loan (even though some employers think this is not fair). The caste study rate of absenteeism in 2005 was 2% and in 2007 it was 3.1% this shows us that people are more often ill this might be due to not enough leisure time as a lot of companies want to keep their workers busy and not to have more workers than they actually need or the workers are just lazy and don’t want to turn up for work. Health and safety absenteeism there
It has over the years maintained a market share of approximately 60%. During the past few years, HFP has faced a rapidly changing market for infant foods. The decrease in the birth rate and the new concern about food additives brought about major changes in the infant food business. Finally, the increase of competition in the baby food market made the problem even worse. The company’s sales dropped by 3% last year accompanied by a greater drop in earnings with unused plant and warehouse capacity.
Problem Statement The company is changing its in store structure to make it more efficient. While doing so, it is confusing the hourly associate, as their jobs seem to be changing daily. I feel it has caused the stores to do the opposite, and become less productive and efficient, as well as cause job dissatisfaction. I feel this is a problem with the associates, as well as the future success of the company. The changes are causing the Managers and Associates to feel they are not be valued, and this could potential cause a loss of talent to competitors.
These are the pros but there are also cons for raising the minimum wage. Raising minimum wage hurts small businesses. These businesses are in competitive markets and may not be able to afford the wage hike. Hours may have to be cut from employees or maybe even lay offs. Because of this employers may outsource their work to other people who will be more than happy to work for lower wages.