Case for Analysis Covington Corrugated Parts - 1173 Words

Case For Analysis: Covington Corrugated Parts amp; Services Abstract Covington Corrugated Parts amp; Services is a Virginia based company providing precision machine parts and services to the domestic corrugated box and paperboard industry. The business is owned by Larisa Harrison and operates from a 50,000 square foot factory in the rural Shenandoah Valley with 150 employees, many of them now nearing retirement. Due to changes in the economy and new competition their dominant 70 percent of the market share is rapidly declining. While management was focused on building the business, the box and paperboard industry was changing; plastics and reusable containers were becoming more prevalent. Management is now faced with the task†¦show more content†¦The company’s managers have differing opinions on which path the company should take to achieve growth and the current structure is not designed for the challenges they face. Major Issues While management was focused on getting the job done the external environment changed. New competitors and higher quality machines were changing the manufacturing industry and the company lacks a strategy to change with it. Each of Covington’s managers has a different vision of the company’s future making consensus and decision-making a major issue. The lines of authority and responsibility are blurry, causing conflict between managers and department directors. The latest manager’s meeting can be described as chaos. An additional issue facing the management team is the replacement of the workforce being lost to attrition. The loyal, hard-working employees have set a high standard for future members of the Covington team and the younger generation has not yet established themselves as a similar strength workforce. Problem Analysis In the past two decades Covington has been successful operating without a clearly defined organizational purpose. While this organizational design was not a problem in the past, it is now a threat to the company. The latest quarterly earnings illustrate that the once stable Covington is not

Network Theory of Internalization and Social Capital in...

It has been shown that organizations that are part of an enterprise network achieve a more solid and competitive structure, can access specialized services technology, purchase of inputs, financing and improvement of industrial processes, in addition to enhancing its competitive progress in terms of processes products and innovation. Michael Porter established a theoretical framework for enterprise application in industries which analyzed the processes and activities that create value in the organization and dynamics with your competition and market. However, the formulation of the Porter value chain was limited to vertical view of organizations, making rigid implementation in non-industrial or horizontal integration features flexible†¦show more content†¦These interrelationships include technical and behavioural aspects based on the conditions and components that influence your own . ( Louffat , 2009). A business network is a coordinated group of a number of independent organizations , with flows of resources , information and knowledge , which are grouped by bonds of trust relationships to achieve common goals , achieving higher levels of efficiency and competitiveness that are unattainable individually. (Gonzalez, 2010). Enterprise networks are structured with the purpose of developing joint strategies which generate competitive advantages, together encaren the changing market environment, implement technologies to manage knowledge and collective efficiency , combining culture network to minimize controversy. The structuring of business networks seeks to enhance individual skills in the productive interaction of its members. The Tics become this framework, a vehicle for integration of nodes and productive capacity of knowledge and value. 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Sustainability Of Harvey Norman Holdings Limited †Free Samples

Question: Discuss about the Sustainability Of Harvey Norman Holdings Limited. Answer: Harvey Norman Holdings Limited Harvey Norman Holdings Limited is one of the largest retailer firms of Australia dealing mainly in furniture. It primarily operates in franchises in Australia but the main store is handled by Harvey Norman Holdings Limited. The company is founded by Gerry Harvey and Ian Norman and is headed by Katie Page (chief operating officer) (Baghai, Everingham and White 2000). CVP Analysis CVP or cost volume profit analysis refers to the analysis that revolves around the breakeven point of cost and volume of goods that is determined and provides huge help to managers in taking management decisions or any other decision related to business economics. CVP is mainly concerned with the impact that different scales of production and sales levels would have on operating profit. In case of Harvey Norman Holdings Limited the impact different domains of operating activities would have on operating income is that, the contribution by the company towards the community sector accounts for a total of 43% compared to other companies. Now community in accounting terms refers to the national, global and local area where the company operates (CSRHub - Sustainability and Corporate Social Responsiblity (CSR) ratings on over 17,487 of the worlds largest public and private companies., 2017). The next sectors that lead to an impact on the operating profit of the organization are the employees or the employee sector. It is concerned with the welfare of the workers or employees in terms of salaries or wages, compensation or benefits, required training related to skills and safety. The cost incurred on the expenditure related to the employee sector has an impact on operating profit for 42%. The third and most important sector that leads to operating profit is environment. Environment refers to the surroundings in which the company works and the natural resources that the company uses. The extent by which it affects the operating income is 51%. Ethical issues During the period of employment in Harvey Norman Holdings Limited an employee may work you and in turn create items which must be secured by intellectual property laws, like the laws that claim to protect or protect patents, copyright and trade marks, designs. Therefore an employee of Harvey Norman all kinds of intellectual properties rights made inside the boundary of work will very naturally be possessed by Harvey the organizational entity. Other ethical standards of the company lie in the policies and regulations of the company like anti-discrimination and anti-harassment policies. Harvey Norman Holdings Limited has high ethical standards to resolve any kind of ethical issues like equal employment policy, equal treatment of all employee policy (Van Der Laan and Dean 2010). Sustainability issues Sustainability issues in general refer to the issues that are faced by a particular organization in achieving or maintaining its sustainability goals. Harvey Norman Holdings Limited deals in furniture, consumer products in the domain of electrical goods and computers. The company uses a lot of cardboard which if not recycled will affect the environment and also have an impact on the operating profit of the organization. Similarly the company takes enough initiatives to solve these kinds of sustainability issues like it reduces the use of plastic bags, recycles the white goods and reuse the wooden pallet (CSRHub - Sustainability and Corporate Social Responsiblity (CSR) ratings on over 17,487 of the worlds largest public and private companies., 2017). Referenes Baghai, M.A., Everingham, B. and White, D., 2000. Growth down under. The Mckinsey Quarterly, pp.12-12. CSRHub - Sustainability and Corporate Social Responsiblity (CSR) ratings on over 17,487 of the worlds largest public and private companies. (2017). CSR information for Harvey Norman Holdings. [online] Available at: https://www.csrhub.com/CSR_and_sustainability_information/Harvey-Norman-Holdings [Accessed 11 Sep. 2017]. CSRHub - Sustainability and Corporate Social Responsiblity (CSR) ratings on over 17,487 of the worlds largest public and private companies. (2017). CSR information for Harvey Norman Holdings. [online] Available at: https://www.csrhub.com/CSR_and_sustainability_information/Harvey-Norman-Holdings [Accessed 11 Sep. 2017]. Van Der Laan, S. and Dean, G., 2010. Corporate groups in Australia: State of play. Australian Accounting Review, 20(2), pp.121-133.