Saturday, December 21, 2019
Herman Miller Case Study - 1175 Words
Herman Miller Inc. Financial Analysis: Herman Miller Inc. Fiscal Years Ending | May 29, 2010 | May 29, 2009 | May 31, 2008 | June 2, 2007 | June 3, 2006 | | | | | | | Profitability Ratios | | | | | | Gross Profit Margin | 32.5% | 32.4% | 34.7% | 33.7% | 33.1% | Operating profit margin | 71.6% | 75.2% | 77.5% | 76.7% | 76.0% | Net Profit margin | 2.1% | 4.2% | 7.6% | 6.7% | 5.7% | Return on total assets | 6.5% | 12.2% | 21.8% | 21.4% | 16.9% | Return on stockholder s equity | 35.3% | 850.0% | 650.9% | 83.1% | 71.7% | Return on invested capital | 10.1% | 21.9% | 38.2% | 39.3% | 31.6% | Earnings per share | 0.0000005 | 0.0000013 | | | | | | | | | | Liquidity Ratios | | | | |â⬠¦show more contentâ⬠¦Value Chain ââ¬â Herman Miller Inc. Herman Miller Value Chain Suppliers -gt; Operations -gt; Distribution -gt; Marketing -gt; Service Manufacturing Independent Ramp;D Distributors Competitors Value Chain Suppliers -gt; Operations -gt; Distribution -gt; Merchandising-gt; POS To stores sell at stores Generic Strategy Lower cost Differentiation Broad | | | Narrow | | | Herman Miller Haworth Steelcase HNI Office Max Wal-mart The recession in late 2007 affected Herman Miller like that of other companies in this same industry. Herman Miller was able to come out of this better than most of because of measures taken in earlier recessions. Herman Miller was able to earn $152.3 million on $2.01 billion in sales in 2008. The 2010 sales had fell $700 million and earnings were down $124 million. But despite the downturn in the economy Herman Miller still was profitable. Pay cuts that were instituted in 2009 of 10% and the suspension of the 401(K) contributions. These cuts reduced job security but the employees railed around management because it was best for the company as a whole. Other companies would fail at this. Herman Miller has followed the same basic strategy throughoutShow MoreRelatedHerman Miller Company Case Study3089 Words à |à 12 Pagesï » ¿Herman Miller 1 herman miller case study 1.0 Internal Analysis 1.1 Timeline The Herman Miller Company operated as the Star Furniture Company in Michigan in 1905. It was named the Michigan Start Furniture Company in 1909. In 1919, Dirk Jan Du Pree became its president. In 1923, his father-in-law Herman Miller bought the majority shares in the company and it was renamed to the Herman Miller Furniture Company. Since then, under the leadership of Du Pree, the company has continuously adopted innovativeRead MoreHerman Miller Case Study Essay1260 Words à |à 6 PagesCase Six: Southwest Airlines Introduction Herman Miller has a deep-rooted history as a quality manufacturer of office furniture. The company has been recognized on Fortuneââ¬â¢s ââ¬Å"Most Admired Companies,â⬠and ââ¬Å"100 Best Companies to Word Forâ⬠lists, as well as Fast Companyââ¬â¢s ââ¬Å"Most Innovative Companiesâ⬠list (Shipper, Manz, Adams, Manz, 2011). Due to the companyââ¬â¢s innate ability to reinvent itself, Herman Miller has been able to stay relevant through the years despite the great depression and severalRead MoreHerman Miller Case Study Essay1040 Words à |à 5 PagesNAME: Koray Kendir CASE 7: Herman Miller Inc.: The Reinvention and Renewal of an Iconic Manufacturer of Office Furniture 1. BACKGROUND INFORMATION |Timeframe |Country(s) Involved |Key Individuals Titles |Company Type Size | | | | | | |1905 to present |United States |Brian WalkerRead MoreHerman Miller Case Study Essay3539 Words à |à 15 PagesHerman Miller 1. Do a 5 Forces analysis of the office furniture industry. 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BRMC is located on the west side of town, the 561,366 square foot facility contains 154 beds, and sits on 6 acres of land. BRMC is faced with the dilemma of aging faciliti es. It has been granted the funds to renovate the facilityRead MoreA New Ceo Of The New Hospital1214 Words à |à 5 PagesThis case study is about two merging hospitals Porter Regional Medical Center (PRMC) and Banner Regional Medical Center (BRMC) that are merging together but were once competitors. PRMC is located on the east side of town which consisted on 110 hospital beds with 188,000 square feet of facility space and 63 acres of land. BRMC is located on the west side of town with 154 patient beds, with 561,366 square feet of space and 6 acres of land; however, BRMC faces the dilemma of aging facilities and isRead More Herman Miller. Essay795 Words à |à 4 Pages Herman Miller: Role Model in Employee and Environmental Relations Case Summary and Questions for debate â⬠¢nbsp;nbsp;nbsp;nbsp;nbsp;The company had been a model for almost 70 years ââ¬â until the 1990ââ¬â¢s EMPLOYEE RELATIONS â⬠¢nbsp;nbsp;nbsp;nbsp;nbsp;Used as example of superb employee relations in business text books like onbsp;nbsp;nbsp;nbsp;nbsp;A Passion for Excellence onbsp;nbsp;nbsp;nbsp;nbsp;The 100 Best Companies to Work For in America â⬠¢nbsp;nbsp;nbsp;nbsp;nbsp;InterestingRead MoreThe Production Processes, Human Resources, Marketing, And Design Processes3169 Words à |à 13 PagesHerman Miller has been in the business for over 90 years and is known for its innovation and design processes. Through more than a few name changes, changes in leadership, and difficult economic times, Herman Miller has managed to keep its hold on the market. It remains the leader in innovation and design processes by remaining committed to Research and Development and continues to commit to it even through rough financial times. There will be several areas of focus during this analysis including
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