Establishing a Furniture Business
The name of my business is '???? ????' I am interested in establishing
a furniture business because I think I can provide goods to sell to
customers and other companies at affordable prices. My products will
supply comfort and style at work or in the home. The needs and wants I
am satisfying are to sell stylish, modern furniture designs (from
fitted offices to tables and reception desks to storage space). I
think my products will sell because each item is hand-made to
individual order so the standard range can be adapted during
production to suit each customer's specific requirements.
The products are made from many types of wood (oak, maple, beech, ash,
merbau, pine, cherry, birch etc.), veneer/lacquer, wood based boards,
mdf etc. We also incorporate glass and metal into our designs. We will
produce furniture such as credenzas, sideboards, bookcases, storage
units, drawer pedestals, full height storage wall, open plan
offices/desks, partial height screens, executive offices, conference
and boardroom tables, meeting room tables, tip-top system tables,
reception desks (standard/bespoke) and home offices. I will need quite
a lot of capital because of all the machinery, tools, computers, a
factory and offices.
I need to set a Limited Liablitliy company this is because Limited
liability companies, or LLCs, are becoming more and more popular, and
it's easy to see why. They combine the personal liability protection
of a corporation with the tax benefits and simplicity of a
partnership. In addition, they're more flexible and require less
on-going paperwork than corporations.
The type of busines...
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...very important, it means that I
wont get profit but I wont have a loss).
2. Profit maximisation and sales will be the main objective (not only
will I want to survive for a long time, but make profit too. The main
stakeholders to benefit will be the owners)
3. Sales objectives (to make sales higher so to make more profit -
this can be done by advertisement).
4. Freedom and independence (only having to talk over decisions with
one other person).
The stakeholders influenced will be my partner and I and all other
contributors who have put equity into the business. My partner and I
will each put £100,000 capital into the business (gathered from
accounts and loans). There are also two smaller contributors paying in
£2000 into the business. This means the business will be able to start
off with £204,000.
In today’s operational management arena, there are certain expectations from a managerial aspect that must be met in order to be successful. A comprehensive look at the Space Age Furniture Company will show exactly what the Materials Requirement Planning (MRP) calculations are for this company at present time and then take the information given in order to properly suggest ways to improve the sub-assemblies. In addition, there will be an analysis on the trade-offs between the overtime and inventory costs. A calculation will be made on the new MRP that will improve the base MRP. This paper will also compare and contrast the types of production processing to include the job shop, batch, repetitive, or continuous, and determine which the primary mode of operation should be and exactly why. A detailed description on how management can keep track of the job status and location during production will also be addressed. Finally, there will be a recommendation on they type of changes that need to occur that will be beneficial to the company and at the same time add value to the customer. This paper will conclude with summary of the major points.
The ambiance of the salon is something to focus on because the fell of the place is a big deal. “Ambiance refers to the atmosphere of one’s surroundings” (168). It is very important to make your clients feel like they are “important and valued individuals”(170). Every Time you have contact with your guest it is called touch point. Successful professionals are those who realize that no opportunity should be wasted & to make the best out of each situation. Staff synergy is where everyone in the salon works together will keep clients coming back because of how well everyone works together and how great there time with you
Known as one the largest global home-furnishing retailers, IKEA currently has over 139,000 employees located in 53 countries and generates roughly 39.3 billion US dollars in annual sales (IKEA, 2014). Ingvar Kamprad began selling different types of items and founded the company in Agunnaryd, Sweden in 1943. Kamprad found that his greatest entrepreneurial opportunity was in furniture. Many households at that time were changing from receiving furniture that was handed down to desiring new, inexpensive, and stylish furniture. Kamprad was able to find a business opportunity to change the current social situation since a lot of the furniture was priced high at the time. He wanted to be able to offer his customers a wide selection of functional and well-designed furniture at a price many could afford (Bartlet & Nanda, 1996). Kamprad had a better understanding of what the customer desired and how to go about meeting those desires at prices that were lower than other furniture companies, in turn creating a competitive environment (De Kluyver & Pearce, 2011).
The purpose of this essay is analyze the case of IKEA, which has involved in the HR management. Meanwhile, choose two topics to identify the IKEA current situation, including training and development and cross-cultural management. From those two points, give some forward suggestions on the IKEA HR management practice.
Many businesses have begun using a casual dress policy on certain days. Implementing dress-down days may be an effective way to boost employee morale. The question that seems to pop up too often is whether dress-down days are a benefit or burden to the company. Many companies have adopted Friday as a casual or dress-down day, while others have made casual business attire a full-time policy. Some employees view wearing casual business clothing as an employee benefit. To others, it is a disaster. Both men and women are often confused about what "casual" means and about how to dress casually and still look professional. Some people in management positions feel employees goof off on casual dress day. This report will look at all these issues as well as a conclusion about the effectiveness of casual dress days.
Each category will be analyzed using IKEA student info website, IKEA group corporate website, resources from University of Phoenix library and articles from magazines. The key questions that the author will address are
One of the most important areas to consider is customer service. The atmosphere of a store
Table of Contents I. Introduction 3 II. Custom Woodworking Company Corporate Profile 3 III. Opportunity 4 IV. Project Concepts 5 V. Case Study Proposal 5 VI. Project Processes and Knowledge Areas 6 VII.
The world is developing every day and we continue to discover new and innovative ways to better our quality of life. A trend that everyone seems to be focused on is saving the environment, which is also known as sustainable living. Not only does this apply to our lifestyle and environment, but it also translates into design. Sustainable living is becoming more popular around the world and is a lifestyle using skillful and sensitive design. It eliminates negative environmental impact and requires renewable resources. We each have decided to research different furniture companies to broaden our knowledge of the innovative practices used in each company. Throughout our paper we will introduce each of our companies and the products and practices they use to produce sustainable furniture. Our research will show that sustainable furniture design is beneficial to consumers by allowing them to live a more environmentally friendly lifestyle as their manufacturers develop innovative ways to make renewable furniture.
IKEA know as a unique furniture business that involved the customer’s needs with the potential on the factory floor. IKEA have owns abilities to develops its products directly based on the understanding and knowledge about the life and home challenges among the customer’s needs with low cost and high quality product. The skilled suppliers create the furniture that can adapt with the product size and constructions that enable them to produce, package and provided delivered stock in proficient way to all customers. It also put effort in developing, improvement and save resources. Apart f...
Elsbach & Pratt, 2007 define that the physical environment in the workplace has been described as all material objects and stimuli that employees interact with in their working lives. Material objects can be observed at both for macro (e.g. buildings) and micro levels (e.g. furnishings and office arrangements). Stimuli include the conditions under which employees work such as lighting and temperature. Salient factors within the physical work environment that may impact on employees can be divided into several broad areas: ambient properties, spatial arrangements and architectural design. According to Evans, Johansson & Carrere, 1994; McCoy, 2002 ambient properties refer to factors such as noise, temperature, air quality, and vibration; spatial
Owning Your Own Business There are many advantages and disadvantages when owning your own business. When you own your own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages. Five advantages to owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn’t shared with anyone else.
Mr. Price is a fashion retailer; this report will focus on the clothing department. Mr. Price clothing aims to sell trendy fashion items at competitive
The deeper part of this report has shown the need of "Your Choice Furniture" for new business system, which will help the company to support their customers and employees, also more ef...
Environment and the people giving service at that have an effect on customer to make a decision on buying the product.