The weakness of Kudler Fine Foods is that an IPO (Initial Public Offering) has many inherent and potential weaknesses that must be examined prior to selection as a means for expansion. An IPO is the first sale of stock by a company. There are many advantages and disadvantages for the Kudler Fine Foods to go public through the IPO. The advantages include generating more capital needed to expand their three locations The IPOs are very expensive undertaking, and a large portion of any capital acquired will be lost to this cost. Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods.
Having unskilled employee in positions is often the cause of a high turnover and most employees can usually be replaced without a company’s lost in productivity. This is the reason why training and development is a vital aspect of the human resource department. Replacing employee is usually results in lost in revenue for the company. Several lost may occur for time it takes for recruiting, staffing, and training for potential employees. Turnover is expressed in most company’s annual percentage of the total workforce, so this is an expense in which the company has to account for.
As Sainsbury's have a hierarchical structure they are most likely to lose a lot of money because for the marketing and research and development departments to carry out their functions they would need funding from the finance department. For this information to get to the finance department a lot of time would have been wasted and also for the finance department to reply to them, all this would cost them a lot of money. Advantages of Sainsbury's is that the power they have would be successful for the business as when work is being done the communication of the workers together when given commands from the manager and having to work better for the manager to impress them in order for more work to be done and at a more well-organized rate then if there was no pressure from the manager. Disadvantages would be that the workers would start to get stressed from having to complete the workload at too fast a pace for them to work at all times that they will start to work less and dislike there job and some days may not want to work as they are stressed to do work which is too much for them to cope as they are trying too hard to impress, this could lead to employees wanting to quit their job. Advantages are that when having to complete work set out by the manager to the employees it can be done efficiently so that the manager will be able to assess the employee and they could get a promotion to a higher part of their job.
In many cases, the employer has invested a lot of capital in the organization formulates company regulations and procedures that protect his investments. As it is hard for employees to have same rights in a work place in an environment where the managers dictates what the employees do. As president Ron Gattelfinger of the UAW pointed out during the 2007 September strike, the union is disappointed by the fact that General Motors is not recognizing the contributions being made by it members for the last four years, since 2003. (UAW, 2007) Good industrial relations in work place are hard to define because for a system to be good it has to involve a lot of complex issues. The system has to look at the employees as important aspects in the running of the company.
| Customers | Customers can stop buying products displaying the john Lewis logo, word of mouth means that john Lewis can be seriously damaged by customer shifts. They have a huge influence on the aims and objectives of john Lewis. However john Lewis may feel that it has sufficiently strong, brand loyalty to ignore customer input. | Employees | Employee can make john Lewis alter their aims and objectives to include staff needs and wants, john Lewis altered their company objectives to include the working conditions of its staff, however a set time when unemployment is high, employers are in a position of greater power as employment is harder to find. | Trade union | Unions mainly focus on the treatment and pay of the employees.
Working conditions were harsh for the American industrial worker in the 1800s. With the boom of the Second Industrial Revolution and the need to expand business to meet consumer demands, employment opportunities opened at a rapid rate. In order to maximize profits, however, workers were given very few luxuries. Most factories had deplorable working conditions and were unsafe. Many workers lost hearing from loud machinery, lost limbs in hazardous equipment, and even lost their life due to the apathy of factory owners.
Unemployment Unemployment has become a part bigger part of our economy over the years. The great recession that lasted from 2007-2009 contributed a higher rate of unemployment after the collapse of some of our highest financial institutions. It has impacted our economy a lot stronger than during the other financial crises. House values went down, and no one could afford to pay for their mortgages after they lost their jobs. Some stores experienced lower sales and started to close down their stores which led to even more unemployment.
The United States’ economy is essentially the base of society. However, throughout history, as the economy has grown, serious problems have come up. The poverty rate today is extremely high, the minimum wage is not sufficient in providing for a family, and there is also discrimination and inequality all over the employment frontier. Also, many businesses are reluctant to enable employees to form unions. All of these problems over time have led to serious debate for change in the economy.
For instance, if a customer’s order gets messed up or out of place then that messes up the other orders as well. In order for things to run smoothly, the employees have to be able to deal with massive amounts of people on a regular basis. A company's labor costs affect its OMM operations by being the largest expense that it will have. A company must leverage its payroll expense by meetings the profit goals they set. A company's inventory is a vital part towards its success.
One being there is a high rate of turnover in the boardroom at the Red Cross. Because of this executive turnover, the organizations ability to carry out federal mandate has significantly weakened. With the rate of high turnover from the top, how can American Red Cross expect to succeed? The American Red Cross needs a good navigator, a visionary, who can not only see the organization today but years from today. Employees need to be able to trust and have faith in their leaders.