The Changing Mattress Business - 2591 Words

Changes in the global environment, in conjunction with the deepest and most prolonged economic downturn since the Great Depression, have started a sea change in the domestic mattress industry. The end of conspicuous consumption for big-ticket items such as mattresses and foundations, is the result of declining new home sales, tightening of consumer credit, the consumer confidence index still well below pre-recessionary levels (Wang, 2010), and unemployment hovering near 10%. In order to remain viable in rapidly changing global and task environments, mattress manufacturers will need to lower material and manufacturing costs, develop products that differentiate them from their competitors, or develop new channels of distribution for their†¦show more content†¦Furthermore, senior management has developed and implemented organizational systems to create tighter financial controls while implementing processes that require its executives to produce individual sales objectives, str ategies, and action plans. In addition, in order to create an environment of cooperation, trust, and, motivation for both King Koil and its licensees, the Executive Vice President at King Koil has directed the executive sales team to establish a â€Å"big brother system† where each sales team member has the assignment of working directly with two of the domestic licensees. As such, each sales team member has begun the process of fostering a harmonious working relationship with the sales executives from their assigned licensees. For the first time in the history of the licensee-licensor relationship, there are now defined strategies and objectives that both parties are tackling together. This is a new initiative for King Koil, and one that is necessary to foster the creation of a synergistic approach to mutual growth. Each of King Koil’s sale team members now have eight personal objectives, strategies, and action plans, as do each of the licensee-based sales managers w ho have been assigned to work cooperatively with King Koil’s executive sales team. The result of this initiative is that as a total company, King Koil now has approximately 120 total objectives and strategies for 2011. The framework of management by objective (MBO) is now in place.Show MoreRelated Analysis of Pleasant Dreams Mattress Company1325 Words   |  6 Pagesmore intense and is affecting businesses in almost every part of the world. Those domestic companies who have been doing business in a specific region for decades to concentrate in only one area of the market are now finding foreign competitors at their competition and having more market recognition because of their regional presence. The Product Pleasant Dream Mattress offers a wide range of household products and is among the market leaders in the American market. In marketing terms, itRead MoreThe Impact On The World Trade Center Towers On September 11th1694 Words   |  7 Pages Simmons is a 130-year-old mattress manufacturer that was hit hard by the economic downturn caused by the attacks on the World Trade Center towers on September 11th. The economic downturn had caused three of the furniture company’s best customers, Montgomery Ward, Heilig Meyers, and HomeLife, to go out of business. This group represented roughly 17% of the revenue for Simmons. To make matters worse, the foam Simmons used for its bed cushioning began to give off a malodorous smell when it was usedRead MoreCase Study : Four Star Industries Singapore1197 Words   |  5 PagesIndustries is a mattress manufacturer and distributor based in Singapore. Founded in 1966 by a carpenter, the company had grown rapidly and experienced years of relatively unabated success (Viswanathan Allampalli, 2010). The founder, Neo Gim Sin, helped build the company through his carpentry experience and familiarity with the machines provided by European manufacturers. This gave the company an early comp etitive advantage within the Singapore market, and Sin s continual strategic business decisionsRead MoreSWOT Analysis : Magm Case Study Analysis1115 Words   |  5 Pagesof the specialty advertising business since its first debut in 1967. As the forefront of the industry, this becomes a strength for the company to being set apart from the competitors. Also, being the forefront means greater opportunity to derive trust from customers. †¢ Strong brand reputation Sigma is being well-known as a vendor of custom calendars as a marketing tool for other businesses. Sigma has numerous of loyal customers from large companies such as Serta Mattress, Domino Sugar, Borden, IncRead MoreEssay on Huawei Culture1297 Words   |  6 Pagesharmony from directing the mind to a state of constant equilibrium. This concept here represents moderation in business competition both within the organization and with other companies. Here we take a careful look at Huawei’s â€Å"Wolf culture† deficiency and what they did to improve. Detailed characteristics of the â€Å"wolf culture† and their flaws ï ¼Ë†1ï ¼â€° Mattress culture The well-known â€Å"mattress† culture encourages employees to work overtime. However this tradition is not suitable for a established companyRead MoreEssay on Music Video Critique1357 Words   |  6 Pagessetting fade in and out as the camera changes angles. The music video continues, but at the end Ondrasik is singing alone in the woods. As the camera moves above him looking down, the woman and baby are revealed laying on a mattress by his feet. He lays down with them on the mattress in the woods as the song ends. This opening and closing gives a bit more of Ondrasik’s exact point in life. He has a woman (presumably his wife) and (also assuming) a child with another one on the way. Ondrasik has all thisRead More The Changing Mattress Industry in America2517 Words   |  11 PagesThe Changing Mattress Industry in America Changes in the global environment in conjunction with the deepest and most prolonged economic downturn since the Great Depression have started what I believe is a sea change in the domestic mattress industry. Factors such as declining new home sales, tightening of consumer credit, the consumer confidence index still well below pre-recessionary levels (Wang, 2010) and unemployment hovering near 10% have all contributed to the end of conspicuous consumptionRead MoreJames Sinegal Bio, The Chief Executive Officer, And Director Of The Low Price Membership Essay976 Words   |  4 Pagesmade a life changing decision, that decision was to take a job at Fed-Mart in 1954 as a mattress unloader(Businessinsider). Sinegal constant hard work and dedication did not go unnoticed. Fed Mart’s chairman, Sol Price took interest and gave Sinegal the chance of a lifetime through promotions, eventually landing Sinegal as the executive vice president of Fed-Mart. This opportunity allowed Singal to w ork with Sol Price and another executive to invent the big box warehouse concept ( business insider)Read MoreMoving Company Katy : Professionals Helping For The Moving Process1030 Words   |  5 Pages The cost will be higher than other moving service and it also depends on the weight of the goods and the distance. So if you are moving to distant locations contact these types of agencies. †¢ Commercial moving companies: These companies deal in business or commercial forms of relocations. The charging rates are costly but flexible as the shifting is crucial and complex than other types of moving. This is the reason why many companies don’t offer these services. Moving is a complex process and itRead MoreCell Phones Are A Influential Way Of Communication923 Words   |  4 Pagescell phones are a prominent way of communication. They have become so influential in peoples’ everyday lives that many can not imagine life without a cell phone. Cell phones are not necessarily a bad tool, when used in moderation. Cell phones are changing the way people communicate and the way they live their everyday lives. Cell phones have changed the communication game forever, for better or for worse. With the presence of cell phones, distance is no longer a communication barrier. Talking to family

The Legacy Of Andrew Jackson - 1086 Words

Introduction Some Americans accused President Andrew Jackson him of using absolute control to redistribute wealth after his veto of the National Bank. Others saw the act as an act of patriotism defending the state from a corrupt system that only favoured the rich . However, after the devastation of colonial taxation, taxation by the government not only became a sore spot for many Americans but also a lesson to monitor the actions of the government. Andrew Jackson was an accomplished and educated man he was a lawyer, general, and slaveholder making him a knowledgeable man of the rule of law and the devastations of war when it is not upheld. This bank was designed to stabilize the American economy, but also have a hefty profit for†¦show more content†¦Lastly, Jackson illustrates his compassion for the state as the whole and his dedication to reaching the greatest good for the greatest amount of people. Love of the constitution Guided by the opinion of constitution, Jackson had a genuine desire to discharge faithfully the duties and responsibilities of his post. Jackson uses the constitution to examine the authority of congress and remind them that the bank would be unauthorized under the constitution. In the speech he announces that congress only has exclusive power to grant monopolies or privileges to promote progress of science and useful arts. Furthermore, it appears that Jackson is using this speech to put congress in its place and remind everyone in congress what principles this state was founded on. His statement â€Å"Liberty and Union will be preserved† best exemplifies this . It is short and simple, but reminds congress of the power he holds and is willing to use to preserve the state. Jackson’s word choice in the speech calls on those that he is addressing to question their values. His use of â€Å"wisdom†, â€Å"proper†, â€Å"constitution† , forces congress into a dilemma where if they wish to continue to support the bill for the bank they appear to the public to lack wisdom, are improper, and are against the constitution of the state. Consequently, this tactic

Community Development Free Essays

Community Development (CD) is a broad term applied to the practices and academic disciplines of civic leaders, activists, involved citizens and professionals to improve various aspects of local communities. Community development seeks to empower individuals and groups of people by providing them with the skills they need to effect change in their own communities. These skills are often created through the formation of large social groups working for a common agenda. We will write a custom essay sample on Community Development or any similar topic only for you Order Now Community developers must understand both how to work with individuals and how to affect communities’ positions within the context of larger social institutions. There are a myriad of job titles for CD workers and their employers include public authorities and voluntary or non-governmental organisations, funded by the state and by independent grant making bodies. Since the nineteen seventies the prefix word ‘community’ has also been adopted by several other occupations from the police and health workers to planners and architects, who work with more disadvantaged groups and communities and have been influenced by CD approaches. CD practitioners have over many years developed a range of skills and approaches for working within local communities and in particular with disadvantaged people. These include less formal educational methods, community organising and group work skills. Since the nineteen sixties and seventies through the various anti poverty programmes in both developed and developing countries, CD practitioners have been influenced by structural analyses as to the causes of disadvantage and poverty i.e. inequalities in the distribution of wealth, income, land etc and especially political power and the need to mobilise people power to affect social change. Thus the influence of such educators as Paulo Friere and his focus upon this work also being about politicising the poor. Other key people who have influenced this field are Saul Alinsky (Rules for Radicals) and EF Schumacher (Small is Beautiful). The UK currently hosts the main international body representing community development, the International Association for Community Development. IACD  was started in the USA in 1953, moved to Belgium in the seventies and to the UK (Scotland) in 1998. Community development as a term has taken off widely in anglophone countries i.e. the USA, UK, Australia, Canada and New Zealand and other countries in the Commonwealth. It is also used in some countries in eastern Europe with active CD associations in Hungary and Romania. The International Community Development Journal, published by Oxford University Press, and set up in 1967 has been the major forum for research and dissemination of international CD theory and practice. Community development approaches are recognised internationally. These methods and approaches have been acknowledged as significant for local social, economic, cultural, environmental and political development by such organisations as the UN, WHO, OECD, World Bank, Council of Europe and EU. How to cite Community Development, Papers Community Development Free Essays Community Development Planning Lecture 1: Understanding the key concepts of Community, Community Development Economic Development Course Learning Outcomes †¢ Explain the key concepts of social infrastructure in spatial planning †¢ Analyze social infrastructure issues in spatial planning †¢ Identify the various challenges of social infrastructure in spatial planning practices Community †¢ Various definitions: ? People who live within a geographically defined area and who have social and psychological ties with each other and with the place where they live (Mattessich and Monsey, 2004) ? A grouping of people who live close to one another and are united by common interests and mutual aids (National Research Council 1975) †¢ These definitions refer to people and the ties that bind them, then only to geographic locations †¢ It means, without people and the connections/ties, community will be only a collections of buildings and streets. †¢ However community does not necessarily means â€Å"living physically close to one another†. It also refers to social connections at other than living place such as workplace, sports centre, clubs or groups, or political affiliations. We will write a custom essay sample on Community Development or any similar topic only for you Order Now †¢ Community can also be created through special interest or conditions such as disability, gender, belief †¢ In this era of social media (such as FB, Twitter) madness, communities can be created on virtual platform. Community Development (CD) †¢ Community Development is defined and described as.. – the process of developing stronger communities of people and the social and psychological ties they share. The educational process to enable citizens to address problems by group decision-making – Involvement in a process to achieve improvement in some aspect of community life – All these processes will result in an outcome which is the improvement of community capital. Community Capital Human Capital †¢ Labour supply, skills, experience, capabilities Physical Capital †¢ Buildings, streets, infrastructure Financial Capital †¢ Community financial institutions, micro loan funds, community development banks Environmental Capital †¢ Natural resources, weather, recreational opportunities Social Capital Social Capital †¢ Social Capital refers to the ability of residents to organize and mobilize their resources for the accomplishment of consensual defined goals †¢ It refers to the extent to which members of a community can work together effectively to develop and sustain strong relationships, solve problems and make group decisions, and collaborate effectively to achieve common goals Social Capital †¢ Some scholars make distinction between bonding capital and bridging capital †¢ Bonding capital refers to ties within homogenous groups (e. g. races, gender, people with the same economic background) †¢ Bridging capital refers to ties among different groups Community development chains Capacity building process Developing the ability to act Social capital Ability to act Community development outcome Taking action Community improvement Development ready community Economic development †¢ Community development and economic development is highly sinergistic. †¢ Community development – a planned effort to produce assets that increase the capacity of residents to improve their quality of life. The assets include: physical, human, social, financial, environmental †¢ Economic development – the process of creating wealth through the mobilization of human, financial, capital, physical and natural resources to generate marketable goods and services. The definitions are clearly parallel : community development is to produce and improve assets, economic development is to mobilize these assets which will bring greater benefits for the community ie. more goods, services, jobs etc. †¢ Both types of development are highly dependable on each other as most businesses will look for development-ready communities that are equipped with strong and established communities, good infrastructure, abundant supply of labour, safety, tel ecommunication etc. Community and economic development chains Community development outcome Taking action Community improvement Development ready community Economic development outcome Job creation Increased income and wealth Increased standard of living Capacity building process Developing the ability to act Social capital Ability to act Economic development process Creating and maintaining ED programs Mobilizing resources The end How to cite Community Development, Essay examples

Integrated Supply Chain and Advantage †MyAssignmenthelp.com

Question: Discuss about the Integrated Supply Chain and Advantage. Answer: It is an important part of business to have a set of efficient, responsive and fast supply chain. An organization can deliver better value by gaining competitive advantage. This can be done by running supply chain networks, evaluating and implementing the necessary changes which will respond to the dynamic business scenarios. Introduction of new product, changes in demand pattern, addition of new supply sources and change in tax rules and regulations are included in the dynamic business cases. Supply chain network is a strong approach which helps to provide a remarkable decrease in the supply chain costs and thus improves service levels by aligning with the supply chain strategies. As it is mentioned in the case study, the consultancy firm Accenture is able to increase the companys market capitalization above the industry average. For realization of these benefits, there are important investments done in the logistics system required at the level of supply chain networks. An efficient logistics system is essential to make the effective use of international sourcing strategies, specifically the large manufacturing capacity of Pacific Rim and China (Christopher 2016). It will be helpful for the organization to use supply chain managers in different sectors that are looking for better visibility of the whereabouts of the supply chains and access more appropriate data at a faster pace. Integrated supply chain allows a company to highlight the on those assets which would allow the organization to move forward by achieving rewards. These are considered as assets of the organization which deliver a strong impact on the revenue system. This, in turn needs to be enhanced as much as possible because it allows the companies to improve their products, gain profits and boost market share. ISC is also responsible for reducing the transactional costs. Without it, there would have been a possibility in delayed processes leading to unnecessary costs. Apart from these, supply chain also helps in ensuring quality throughout the process. Along with the financial advantages, the company will be able to fight in the competitive market and become the winner with this management (Mangan and Lalwani 2016). The disadvantages include excessive regulation where the integration of all the suppliers will become a challenge in the management of both internal and external supply. There might evolve a complex scenario where the resource can be wasted unnecessarily due to integrated supply chain management. A shortage of suppliers who will not permit in the renewal of contracts with respect to integrated supply chain management will violate the priorities of the specific business. Again, there could be damage in the balance and checks with the arrival of any kinds of lapse in the compliance checks. There are a number of key attributes involved in the logistics system. According to the case study the three significant aspects are integration, time/service and movement of product. The process of logistics interfaces and interacts with the total company and also with the external companies, vendors, customers, carriers and other stakeholders of the company. Logistics is responsible for the movement of products from the vendors to the delivery at your customers doors. This involves the moves through manufacturing facilities, warehouses, and third-parties, such as re-packagers or distributors. It is not only about shipping and receiving, nor is it traffic or warehousing but something more than that (Ross 2015). Movement of product is sometimes the way in which logistics is considered by many companies. It is considered as a complementary method of the corporate strategy, if the stress is put on the lower inventories, reduction of costs, customer service or others. Time/ service on the other hand, is a factor of competition, requirements of the customers, companys place and position in the industry and the corporate culture involved with it. Integration takes place within the company, between the company and the customers or between the customers and the vendors. It is one of the important processes in logistics. Supply chain information technology or SCIT is the prime force behind effective supply chain management activities. IT provides many opportunities for the companies to decrease the costs and enhance the responsiveness to the customers demands. Other services enabled by IT in the field of supply chain management are environment friendly and clean services; less capital intensive services; it is not dependent on location so cam be conducted from anywhere; it does not need any costly infrastructure facilities. The different IT solutions involved in the process are- communications, E- mail, electronic data interchange and enterprise resource planning. With the booming IT industry and internet being the key driver, the suppliers, manufacturers, wholesalers and retailers are getting connected. Internet has a big influence on the total business strategy starting from policy to physical implementation. The area where the impact of IT is felt in a great way is communication, selection of vendors, cost saving, reduction in the lead time taken and improves the product promotional activities (Stevens and Johnson 2016). The three different ways in which technology can fulfill its roles is by using the best communication tools for the job, availability of good data and access to solid tools of analytics and staying updated with information. The process of supply chain is concerned with the flow of products and information from one supply chain member to another in the organization. In todays world, there is an immediate need for immediate communication always at an instant. It becomes convenient but at the same time there is a possibility of miscommunication. To see and listen to a person while communicating is considered as an effective communication. In the process of supply chain management, whether monitoring inventories or performance metrics, technology plays an important role. The main factor behind effective use of metrics is to have a hold of solid and reliable data. It is important to stay updated with the recent information through the use of technology which provides knowledge about the industry. Reference Christopher, M., 2016.Logistics supply chain management. Pearson UK. Mangan, J. and Lalwani, C., 2016.Global logistics and supply chain management. John Wiley Sons. Ross, D.F., 2015. Information Technology and Supply Chain Management. InDistribution Planning and Control(pp. 827-886). Springer US. Seuring, S., 2013. A review of modeling approaches for sustainable supply chain management.Decision support systems,54(4), pp.1513-1520. Stevens, G.C. and Johnson, M., 2016. Integrating the supply chain 25 years on.International Journal of Physical Distribution Logistics Management,46(1), pp.19-42.