Preview

Fenchel Lampshade

Satisfactory Essays
Open Document
Open Document
911 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fenchel Lampshade
1) What is your assessment of the business of Fenchel Lampshade Co.?
b. What is the Opportunity, People, Context, and Deal
c. What can go right? What can go wrong?
*People
Steven Rogers (CEO)
-Business analysis
-Management
-Personnel management
-Purchasing
-Consulting John Smith (Production Supervisor)
-15 years on the job Geri Wandall (Office Manager)
-5 years on the job Production Workers
-67% of workforce is over 40 years old & 55% of workforce has limited experience (1-2 years) *Opportunity
Competitive Advantage
-Industry leader in shadow-free lampshades
-Reputation for quality and service Market Characteristics
-Market size is 20 million
-Growth is 5% per year
-34 competitors (Low competition due to transport costs)
-Seasonal sales (Summers are slow / Holidays are good) Product Characteristics
-Hand made
-Plenty of variety in shapes, materials, colors and trim
-Made to specifications
-Slow replacement interval Manufacturing Characteristics
-Production is started with an order
-Made to specifications Distribution Channel
-Department stores
-Independent retail stores Importance of Scale Economies
-Only important for sourcing raw materials Working Capital Profile
-Most of the sales are on credit
-Working capital as of 1987 was $139K Plant & Equipment Requirements
-Machinery and furniture are currently $32K and are projected to increase to $50K Potential Opportunities
-Increased cash flow due to lower owner salaries
-Selling lampshades to high quality lamp manufacturers
-Building retail outlets
-Taking advantage of minority incentive programs Context
-Computers were on early adopters phase
-Bonds and T-bills are at above average rates What can go RIGHT? - The company can transition smoothly & Sales can increase dramatically if a deal is landed with Her’s Lamp Shade Shoppe in Wisconsin (Carry Silk-o-lite but not fenchel) - The lease is renewed at the same monthly

You May Also Find These Documents Helpful

  • Powerful Essays

    Lockwood, N. (2003). The aging workforce. In Society for human resource management (p. 56). Retrieved from…

    • 1761 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Eco 372

    • 1332 Words
    • 5 Pages

    Explanation: Underemployment figures show us the number of people whose skills are not being fully utilized.…

    • 1332 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Many companies are not prepared for the max exodus of people that will be retiring over the next 10 years from their organization. Companies now must find a way to replace these workers. People retiring will now outweigh the inflow of knowledge and experience of workers that are coming into the workforce or that in currently in the workforce today. Baby boomer’s possess more knowledge then any other previous, existing, or prospective employee group. Because of the knowledge and skills that they possess they have enabled organizations to be more effective, competitive, and enabled them to run more smoothly.…

    • 3105 Words
    • 13 Pages
    Better Essays
  • Good Essays

    Secondly, the company’s current statistics show that the average staff age is 45 and that the labour turnover is 5 percent (which is well below the…

    • 930 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Workforce Matters guide for New York State agencies is a very valuable guide and relevant in 2012. It provides insight into the agency staff by recognizing the aging workforce and upcoming retirement; it recognizes the knowledge, experience and institutional memory that will leave the company once these long term employees leave. The plan addresses the changing demographic of its customers and the potential need for “new methods of service delivery and a workforce that reflects its customers”. They did not make the mistake of trying to solve staffing problems across the entire agency, but chose only those areas that they knew would have “considerable change in services delivered and the way in which they were delivered”. The agency also created “What If” scenarios by viewing the process through a narrow scope and broad scope.…

    • 1405 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Res 351

    • 3122 Words
    • 13 Pages

    Age discrimination is existent. Older employees are defined as members of the “mature” generation (58 or more years old); younger employees are members of three generations—the Baby Boom (post World War II or 38 – 57 year olds), Generation X (23 – 37 year olds), and Generation Y (18 – 22 year olds). “The key to a company’s future success will be its adaptability – its capacity to deploy resources quickly to seize competitive opportunities and to draw from a labor pool that features a mix of multi-skilled, full-time workers, and specifically-skilled, contingent employees who contribute on a part-time or temporary basis” (Hall and Mirvis, 1998). Research is conducted when individuals or businesses want to find out the connection, if any, between two or more things. This paper will discuss, “Will hiring younger employees to take the place of older employees increase the productivity of a business?”…

    • 3122 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Workspace demographics now span four generations. A twenty-something hired this year can expect to find that they working with colleagues who are older than they are by fifty or more years. The reason for this is primarily due to labor shortages for trained personnel in many industries. In addition, many older workers are now delaying retirement due for economic or other reasons. Many of the baby boomer generation can now be expected to delay retirement into their seventies. (Randstad USA)…

    • 1708 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Eth 125

    • 313 Words
    • 2 Pages

    The labor market is becoming more and more demanding when it comes to requiring more physically fit individuals; this causes older individuals to have a harder time finding work. Another demanding area is computer knowledge; the younger groups of individuals are more computer literate, in turn are granted the job before a person that would need more training from the company.…

    • 313 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Conversation Starter

    • 395 Words
    • 2 Pages

    Recruitment and retention of competent, skilled candidates that meet mandatory staffing ratios adds to the list of challenges HR professional will face (Aberdeen Group, 2012). Lacking qualified applicants to fill positions within the organization, human resources have turned to training and development to heighten the skills of current qualified workforce, while offering desirable salary and benefits packages to retain young workers (Minton-Eversole, 2011). Anticipated changes in demographics and social conditions will greatly influence the approach taken by HR professionals with the millions of individuals reaching retirement age. (Minton-Eversole, 2011). Many of these individuals in the workforce are not prepared financially for retirement; eliminating the chances for younger recruits to enter the profession (Minton-Eversole, 2011). Forecasted…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The economy’s long-term shift toward knowledge-based jobs and away from physical labor is a force that might be increasing the rolls of older workers. Already, older employees with higher level of education seem to be playing a major role in the trend (Peterson). The problem is that companies are going to need to hire somebody young who has the same brain of a 64-year-old but is able to perform tasks more efficiently like a 24-year-old. “Health problems and workplace pressures such as cutbacks force many workers into retirement earlier than they expect. And employers that have a choice often prefer the young, viewing older workers as costly and resistant to new technologies” (Peterson). Soon, employers will not have a choice whether they want to hire an old, sophisticated employee or a young, energetic employee. “By 2003, 82% of baby boomers were in the labor force. In the last four years, that baby boomer retirement figure has jumped from 10% to 17%, while their labor force participation rate has just hit a 36-year low in 2014” (“Baby Boomers and Retirement”). A company must conclude whether it is worth their money and time to hire a retiree. The problem is that the retiree community in this country has little savings, so they feel the pressure to continue working. Consequently, this also means a fair amount of baby boomers will need to depend on others, such as the government or family to support them once they finish…

    • 1202 Words
    • 5 Pages
    Better Essays
  • Good Essays

    With changes in technology it can become very costly to retrain this generation to catch up to speed. Therefore, they rather take a gamble and bring in the youngsters that already have this knowledge and push aside job experience. Wrong move, they aren’t dependable.…

    • 767 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Immigration Debate

    • 1222 Words
    • 5 Pages

    As the members of the older generation start moving into retirement, we have a need for workers that the growth of the population isn’t filling. A lot…

    • 1222 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Aging Population

    • 1056 Words
    • 5 Pages

    In January 2006, the Center for Health Workforce Studies announced a study on the influence of the aging population on the healthcare workforce. The report was able to find several topics that drew a concern within the health care field relative to an aging population. “These findings included: a) most health care professionals receive limited training on care to the elderly; many health professions are aging rapidly, so supply is declining; and many health professions lack diversity, so serving minority groups (like the elderly) is less than desirable” (Center for Health Workforce Studies,…

    • 1056 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    marketing channels pdf

    • 425 Words
    • 2 Pages

    4) How likely is it that the partnership will succeed over the long term? What will it take for…

    • 425 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    eager to contribute to the workforce in different capacities (the elderly in this case can be taken…

    • 785 Words
    • 1 Page
    Good Essays