Mt 460-02 Management Policy and Strategy

The objective of this study is to decide the best decision for Scott’s Miracle-Gro on whether to outsource their production to china or stay in the Temecula plant in California. Factors such as risks/benefits, and cost analysis will be considered in reaching an outcome onto what will be the best option for Scott’s Miracle-Gro in order to maximize profit, efficiency, and long-term growth.

Unfortunately, this can also impact the employers negatively by raising the minimum wage because of the employers. The company could experience a low income, and that can cause the employees to have a higher chance of getting laid off. Consequently, the company can have a shortage on their budget, or they are trying to balance the ratio of employees to salaries. "When a business hires younger or entry-level workers, she notes, the workers are often essentially getting paid to learn how to do the job. Once they start excelling, she says, then they'll see their salaries increase in kind" (Krakovsky 32). For instance, one employee may receive more money, but more workers will need to be let go. Because the company will not be able to pay for more

The article also talked about the Card-Krueger study. The most recent studies show that if there are negative effects on employment, they would be small. It showed that higher wages reduce turnover and increases job satisfaction. There is a cost to business with turnover. It can be a trade-off to pay a higher wage to avoid the cost associated with job searches and new employee education.

The main purpose of our research was to conduct a SWOT analysis for Earl Anthony’s Dublin Bowl. A SWOT analysis is an internal examination of a company’s strengths and weaknesses as well as its external opportunities and threats. The aim with the analysis is to use our data to assess which aspects of Earl Anthony’s Dublin Bowl customers appreciate, as well as identify problem zones which need to be improved upon. To conduct the SWOT analysis, and fulfil our objectives, we used primary research.

It might be good to pay above market rates because you get a better pool of employees, and you reduce the voluntary turnover rate. Since

Recently an opening of the economies of developing nations, especially China, has allowed a huge shift in outsourced production. For the most part the products of the outsourcing are destined for North American consumption, which creates interesting obstacles to the realizations of improvements predicted. Mega Bloks Inc is a Canadian example of this trend, having recently made their own foray into outsourcing to China. An examination of supply chain issues reveals the overall complexity and number of issues which could develop for a company like Mega Bloks. More specifically, for Mega Bloks issues of logistics, regulation, control (in general and specifically of quality) come to the forefront. All of these issues can individually and

If the decision is made to stop paying employees instead of considering other options, who’s to say the company will continue to prioritize payroll over other expenses? Other companies that are struggling could hear of TAMU.com’s solution and may decide when they have a financial dilemma to fall back on the same strategy and stop paying employees. Setting an industry precedent for not paying employees would be disastrous. Having a stable job before meant being paid and your family being supported with bills being paid on time monthly. This precedent would shatter any job security for employees in the field. Proposal 2 does have an effect on the job security of this company as well, but the majority of the employees are being retained. It also doesn’t set any new precedents in the industry, since a common rule for companies is to lay off employees when they don’t have work for them or funds to pay them. The laid off individuals can now collect unemployment and search for another job. Again we see with this moral system that Proposal 2 is the more desirable.

There are some factors to be considered before making a significant change for the company. The first factor is the ability to pay the employees. The company has to look at the labor-market competition. The organization has to decide the pay level for its employees and whether that labor costs can be covered by the profit earned. Plus, if the organization cannot pay the employees at the competitive rate, the employees will more likely to leave the company for a better job offers. The second factor is product-market competition. If the organization decides to increase the wages of its employees, the company has to charge a higher price for its products or services to make sure that it will get a return on investment. However, if the company increases the price its charge to the customers more than they are willing to buy, there is a risk the company will lose some of its customers. The third factor to be considered is workers’ capabilities to do their jobs. If the workers have a lack of skills to do the job, then it is not worth it to invest a lot on them and vice versa. Thus, the company should consider some factors such as labor-market competition, product-market competition, and worker’s capability before it makes the adjustment in the worker’s wage and

This may reduce unnecessary overtime hours and help win producing a future cost estimate of how much the company will have to pay new employees, but also potential income based upon future project load ability.

The next step in the process of this case would be to review all of your possible alternative to your stronger possibilities using common, defined evaluation criteria. This would involve reviewing the planning process for each of the alternatives- examples would be if it; is cost efficient, what would be the timeline for the alternative, what are the goals and objective for the improvement. Using the evaluation criteria we look first at changing some of the products offered and now offering for replicas as options to consumers, this is a time and money consuming option to Fe’nix but could provide long term benefits. Things that will be needed is a factory, machinery, more employees, raw materials, and more. This could end up being a money trap if not operated properly. As for figures on what kind of increase this would cost them there are no income statements or other financial information about Fe’nix available. I do believe establishing a budget to help control any spending if they do go down this road will be

This case study provides an evaluation of Sara Lee Corporation and particularly its operations of product lines available through the Wal-Mart stores. To begin with, an effective SWOT analysis of the company was conducted where strengths and opportunities are identified while addressing possible threats and improving its weaknesses to avoid giving the competition an aggressive advantage. Marketing requires effective identification of issues as a key factor in devising the best methods of addressing them. Therefore, Kirk Nelson identifies the BasicHipster style to be a major problem in the market because it was not doing well. Effective establishment of the best

Another alternative should be to create a plant in Europe so now they don’t have top ay all the taxes they have to pay so they can export their products, in that way they will be able to give better prices to their clients, and they will supposed to have a better service and more quality because they where the pioneers in those products.

This substantially lower hiring cost, and related costs when there are bottlenecks or employees take leave.

If demand/production is less than or equal to 16 667, the alternative with the lowest/zero fixed cost, Outsourcing, should be chosen. If demand/production is greater than or equal to 16 667, the alternative with the lowest variable cost, Metal Drawing Process, is preferred.

Our company should make sure that manufacturers deliver products with the highest design specification, in order to be order-winner quality conformance, by delivering products with no defects (Hill and Hill, 2012). Furthermore, improvements in quality lead to a decrease in cost for the company. According to (Evans, 1997) higher quality products lead to a decrease in costs for the company through higher productivity: ‘improvements in quality leads to lower cost because of less re-work, fewer mistakes, fewer delays and snags’ (Evans 1997, P.55).