Henderson Printing Case Study Henderson Printing is a small-to medium sized firm that manufactures account books, ledgers, and various types of record books that are used in business (Long, 2010, p. 512). This company’s compensation system will be analyzed based on the five contextual variables as discussed in the textbook. The environment in which Henderson Printing operates can be classified as stable, as well as simple. This can be justified, as the company produces stable annual sales, thus it can be concluded that product lifestyles are not short, and product and service demand is constant (Long, 2010, p. 40). Additionally, the product/service provided is fairly simple, and the technology is not complex (Long, 2010, p. 512). The …show more content…
Consequently, the compensation strategy also reflects this, as there is no real structure within the company. This company is currently facing financial issues predominantly due to the fact that there is no real structure in the company for anything. For example, the CEO makes all decisions himself, though decisions are based on his current temperament at the time (Long, 2010, p. 512). When an employee wishes for a wage increase he does more often then not grant it, however rather than conducting an employee evaluation his decision is based on his mood, and/or how wells he knows the employee and their family circumstances (Long, 2010, p. 512) As a result, this has lead to pay inequity as all employees receive a different wage regardless of whether or not they perform the same job, have different credentials, and/or experience; furthermore this company is highly lacking distributive justice. Additionally, it also appears that there are no clearly defined roles within the company. For example, the firm has few supervisors, and because their roles are not clearly spelled out they often end up contradicting each other (Long, 2010, p. 512). Similarly, there is no system for scheduling production; thus these factors add to the company’s financial crisis, because there are no efficient processes in
The printing press had many important impacts on Europe. The printing press was invented by a man named Johannes Gutenberg in the 1450s. Before the printing press was invented monks had to write books by hand which was a long and time consuming process. However when the printing press was invented it made books easier and faster to create which allowed information and ideas to spread a lot faster than it used to.
Whether a light bulb needs to be changed, a critical audio or visual component shorts out, or the HVAC (heating, ventilation, and air-conditioning) system goes out, proper maintenance could be the factor that saves or destroys an event before it even begins. Proper maintenance can not only save the organization from unscheduled downtime but it can also prevent unwarranted cost. For example: if a vehicle doesn’t have its oil regularly serviced, it could cause the vehicles engine to fail possibly causing thousands of dollars of damage. The same thing can be said when it comes to a facility and its maintenance.
When an owner or senior management commit or make unethical financial business decisions this will ultimately affect the entire organization. Every employee will be at jeopardy of losing his or her job. The company may end up going out of business altogether. I know this personally. The reason at 50 years old I have only been at my current employer is because my last employer, took and distribute their federally funded sponsorship and put extra money into their own pockets as well as putting money back into the federal pockets of those who originally gave us the funds to begin with. As I have grown in my career and leadership, I have seen so much corporate and financial greed it makes my stomach turn for someone who is just trying to make an honest living and afford the finer things in life. People with money always want more money,
The printing press was an invention that forever changed the world. Some may say that it was the most important discovery in terms of communication. The printing press affected many other discoveries as well as various major events such as the Age of Discovery and the Protestant Reformation. Both of these events were very important consequences of the printing press, however, the Reformation was the much more impacted consequence. The Protestant Reformation was affected by the printing press because it spread the 95 theses all over western Europe as well as spread the Gutenberg Bible, influencing and provoking questions about the Catholic religion.
The staff will be trained appropriately to fit their role in the program. The staff has a goal of being an effective staff in which they want to provide the best care for the suffering inmates. The top three health officials beginning with the psychiatrist, will be required to attend multiple mental health seminars in order to be an effective program. The staff will base their training off of moral standards such as the four basic rules by Suresh Bada Math which are “1. Protect, promote and endorse human rights of the prisoners. 2. Take care of the needs of the prisoners to the extent feasible within the prison environment. 3. identify patients who have health problems and get them the needed health care. 4. Pay special attention to the vulnerable
The printing press revolutionized the world as people now know it. Since kids humans have learned through books, and documents. But what if they would never have them? Would humanity still be illiterate and isolated, just focusing on religion?. The printing press was created by Johannes Gutenberg in 1450 giving people more books to read, the alphabet, and religion with the bibles he printed, making a huge jump on people's education. Even though the printing press was really influential in exploration times, it was more influential in the reformation era.
To ensure that the company thrives and overcomes the crisis that may come on the way, the company has various strategies and ways to overcome that and to keep the company on the track which includes constitution and board of directors which has various roles and responsibilities. The company has got a constitution and also corporations’ act. The companies’ values are the trust, integrity and honesty. The board carries out the duties in regard to the interest of the companies’
In the case of Mendel Paper Company which produces four basic paper products lines at one of its plants: computer paper, napkins, place mats, and poster board. Although the plant superintendent, Marlene Herbert is pleases with increased sales he is also concerned about the costs. The superintendent is concerned with the high fixed cost of production, the increases in fixed overhead and even variable overhead. He feels that the production of place mat should be discontinued. His reason for the discontinuation is that the special printing is driving up the variable overhead to the point where the company may not find it profitable to continue with the line. After reviewing the future predictions of the
The company faces pay equity issues both internally and externally. Internally, employees working in the warehousing department want to be transferred to manufacturing in order to make more money. This immediately begins to throw off the
The employee’s morale is low, they feel undervalued and unappreciated. With inflation rates and lack of raises their take home pay is less than before and the employee’s perception is that the company is doing well. During some tough years before, the employees that remained had pulled together and working harder to help keep the company open, they now feel that since business is good, they have not been appreciated or recognized for their commitment. They are concerned about their benefits plan and pension changes that may be happening.
Cartwright is a retail distributor of lumber products. It built its competitive edge based on pricing and having a careful control over its operations. The company reported an operating income of $86,000 and $111,000 in 2003 and 2004, respectively. This is a 29% increase in operating income in one year, which shows the firm’s strong ability to generate cash. The firm’s account receivables and inventory are increasing from year to year which is a good sign of a growing business. Cartwright is not an asset intensive company. It does not have to have huge fixed assets; most of its assets are cash, accounts receivable and inventory which all depend on future sales. Sourcing of materials is managed very well, purchased at discounts most of the time and contribute to having lower prices.
Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and landscaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, and markup on this products. Preparing the worksheet for Mr. Milligan requires you to insert columns, use several functions, and apply proper formatting to the
Jenkins was, by now, getting quite tired and was looking forward to returning home to catch a few hours of sleep. As she prepared to leave, however, she realized that Exhibits 1 and 2 only reported on the aggregate financial performance of the firm. She knew that its two lines of business, Contract and Solutions, had quite different operating characteristics. Typically Richard Norton didn’t want to get too involved in the details of these different business lines. But perhaps some of
The main problems of the organization were that the company set strategies to achieve objectives that weren’t focused in the core business and set without considering how many resources and skills does the company would need to reach them, focusing their efforts in processes or products that didn’t add value to the company and decreasing the profits of the
Among many other objectives of the management like “market share maximization, growth maximization and maximization of managerial return” ( Truett, Lila,J.,& Truet, Dale, B., 2004), the primary goal of each manager is to maximize profit of the company for short- and long-run period. Although there are many other concepts sustaining the idea of increasing shareholder’s wealth as the only manager’s role, the profit maximization turn to be the initial care of the management. Thus, the struggle to increase the profit is of great importance for the managers especially when it happens under the conditions of economic slowdown or even crisis.