Operation Management--Ikea - 1925 Words

IKEA History and Company Information IKEA retailing with its Sweedish roots, is based on a franchise system. Inter Ikea system BV is located in Delft, the Netherland being the owner and franchiser of the concept IKEA. (www.ikea.com) The company aims to sell furnitures for 10 to 30 percent less then other stores ( source - stevension ). Every Ikea employee still follows the vision quotes of Ingvar Kampard to create a better everyday life for many people. During 2010 global sales as reported were 23.1 billion. It took long time and careful planning for Ikea to offer sophisticated products to customers at reasonable price. According to slack operation (2010) management deal how company manage its operation production and sales being two†¦show more content†¦Because of the attractive floor layout, large space and systematic furniture display customers spend more time in IKEA stores and those time is being added value by their purchase and make those a quality time. After entering any IKEA store customers feel like entering their house and the layout showcased in the store creates an imaginative intention designing idea with in the customers. Like all other organizations porter 1980 four v s - volume, variety, variation in demand and visibility affects the organisation operation lies behind the operation strategies of it. The Volume Dimension The volume of the Ikea company is an important factors that measures its performance. They products furniture in high volume on the fiscal year 2009. Ikea hard about 123,000 employees and its total revenue amounted to about 22,713 million pound. In August 2009 the firm operated 301 stores in different countries. The above data reveals the dimension of the company in terms of size and manufacturing.The furniture is produced in a very big volume and sold in the warehouse. The company has economies of scale due to reasonable price of theShow MoreRelatedOperation Management on Ikea1851 Words   |  8 Pagesobjective of writing this report is to identity and analyzes operation system applied in IKEA, the well-known low cost yet high quality home of furnishing. Function, process and strategy of IKEA operation system will be accessed to identity the core competency that lead to the successfulness of IKEA in the world. Besides, other purpose in complete this report is to analyze the strengt h and weakness of operation system in IKEA. Operation management is procedure where processes of production or deliver goodsRead MoreOperation Management Ikea6167 Words   |  25 Pagesfollowing assignment is based on operations managements within IKAE. The aim of this unit is to analyse the operations functions within the organisation by understanding strategic operations management, the operations process and planning and control. â€Å"Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is also the management of resources, the distributionRead MoreIKEA operations management4810 Words   |  20 PagesOperations Management Critical Evaluation of Relevant Issues - IKEA case ï ¿ ½ TABLE OF CONTENTS 2Executive Summary ï ¿ ½ 2Introduction ï ¿ ½ 2Company profile and Situational Analysis ï ¿ ½ 3Growth and profitability ï ¿ ½ 5Culture ï ¿ ½ 5Goals ï ¿ ½ 5Competitors ï ¿ ½ 5SWOT analysis ï ¿ ½ 6PESTLE Analysis ï ¿ ½ 6Political Analysis ï ¿ ½ 6Economic Analysis ï ¿ ½ 6Technology Analysis ï ¿ ½ 7Sociological Analysis ï ¿ ½ 7Legal Analysis ï ¿ ½ 7Environmental Analysis ï ¿ ½ 7Input-Transformation-Output ï ¿ ½ 8Corporate Objectives ï ¿ ½ 9Quality ï ¿ ½ 10SpeedRead MoreIkea Operations Management2832 Words   |  12 PagesOperations Management:IKEA IKEA’s BUSINESS IDEA (www.ikea.com): â€Å"We shall offer a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. Introduction At the outset, it may be useful to characterise IKEA in terms of the characteristics of demand (also known as the four Vs, see Slack et al. p 20). First, IKEA is clearly a high volume operation – as indeed most international retailers are – which lendsRead MoreOperation Management of Ikea2136 Words   |  9 Pageschain approaches, the firm will increase the benefits of supply chain network. In this report we have focused on supply chain inventory management and technology selection practices and how it is beneficial for the firm. In the firm operations are linked with different strategies. For example the change in supply chain has an effect on inventory management as well as technology selections. At the end we have given some recommendations and conclusion for increasing its efficiency by supply chainRead MoreIkea Operations Management3070 Words   |  13 Pageshttp://fp05-527.web.dircon.net/ikea_company_profile.html Profile: ikea IKEA is the world’s most successful mass-market retailer, selling Scandinavian-style home furnishings and other house goods in 230 stores in 33 countries and hosting 410 million shoppers per year. An acronym for founder Ingvar Kamprad and his boyhood home of Elmtaryd, Agunnaryd, IKEA began operating in Sweden in 1943 and continues its original ethos based upon cost obsession fused with design culture. No design, no matterRead MoreHow Does Ikea Approach Operations Management?6114 Words   |  25 PagesThe main purpose of this paper is to focus on the how IKEA Company approached its operation management. Particularly, it covers the following: how the company establish and manage customer requirements, secondly how does these customers requirements used for the company’s product and services, then, third covers the operational systems and processes it used in its operation, fourth consists of capacity planning, process layout, and product services/scheduling, inventory a nd projects were managedRead MoreOperations Managment14673 Words   |  59 PagesKey operations questions Chapter 1 Operations management âž ¤ What is operations management? âž ¤ Why is operations management important in all types of organization? âž ¤ What is the input–transformation– output process? âž ¤ What is the process hierarchy? âž ¤ How do operations processes have different characteristics? âž ¤ What are the activities of operations management? Chapter 2 Operations performance âž ¤ Why is operations performance important in any organization? âž ¤ How does the operations function incorporateRead MoreThe Operation Strategies And Cost Leadership1399 Words   |  6 PagesSummary This business report discusses and explores the operation strategies and cost leadership of both IKEA and Fruity fro-yo and how it relates to business operations. The success of the business will also be assessed through the identified operations strategies that each of the businesses applies into their operations. This results in increased operations efficiency, which is discussed within this business report. Strategic role of management - Cost leadership Cost leadership: Cost leadershipRead MoreIkea s Market Tool For The Retail Giant Essay970 Words   |  4 PagesIntroduction: IKEA is a multinational group of companies, specialized in designs and sells home furniture (ready to assemble). They also sell accessories, bathroom kitchen items and lately they have offered food market in their retail stores around the world. It was founded by Ingvar Kamprad who born in southern Sweden in 1926 and who was listed as one of the world s richest people in 2013. The company is known by its modern (simplicity) design, cost control, operation details and continues product

The Psychological Effects Of Of Abortion - 858 Words

Subsequently religion plays an even bigger role in the psychological effects attributed of abortion. This is said because if a woman is a member a strong religious group with equally strong views opposing abortion she may begin to feel as though she has to end the abortion due to feelings of shame and guilt associated with the abortion or because she doesn’t want to bring shame upon her family. These two very strong feelings may only intensify once having an abortion ,but it’s necessary to note that before the actual abortion she was experience a collection of feelings all stemming from of her religion. Many different religions view the act of abortion differently like for instance, elective abortion are justified by Catholics for health reasons, whether the mother’s or the child’s, a condition that requires a physician’s evaluation (Marvà ¡n). Whereas in a cases of spontaneous abortion their beliefs are against abortion due to the religious tex t that they follow. Furthermore The hierarchy of the Catholic Church, basing itself on the defense of the sanctity and dignity of human life from the moment of conception, prohibits abortion in any instance, even in cases of rape or when the life of a pregnant woman is at risk.†( Marvà ¡n). These facts juts make it ever harder for the woman depending on her religion to feel supported behind her decision. The point of all of this is to spotlight that the abortion is acting as the secondary cause of psychological effects and theShow MoreRelatedThe Psychological Effects Of Abortion On Mental Health1524 Words   |  7 PagesVarious studies have been conducted to show the psychological effects following an abortion. According to the results some women experience depression and anxiety. These psychological effects reflect on several factors. Abortion may relieve stress by ending an unwanted pregnancy, but the event itself may simultaneously be experienced as a stressor caus ing anxiety grief, guilt, despair and anger. These factors could lead to depression, as feelings of powerless, anger and self-condemnation are emotionsRead MoreThe Psychological Effects of Abortions amongst Teens500 Words   |  2 Pages The Psychological Effects of Abortions amongst Teens An Introduction of Abortion Are you familiar with the name Dr. Karen Ashford, probably not? She is a factious character that would have been if she was allowed to be born. She was never given a chance at life because she was aborted at only 16 weeks in uteri. She was forced to be aborted by her would be grandmother of her 13 year old mother. The young mother was not given an opportunity to voice her opinion about the outcomeRead More Psychological and Physical Side Effects of Abortion Essay869 Words   |  4 Pages Abortion was created to aid in certain situations in which a woman could not or did not want to give birth to a child and to care for the child. Abortion is a method in which the baby still in the mother’s womb or the living embryo/fetus is killed. Abortions will be performed for many reasons if it is an unwanted pregnancy for social and/or financial reasons or if there are medical circumstances with the child and/or the mother. A woman may be unable to carry the child or there may be congenitalRead MoreGianna Jessen is a Survivor of Abortion1299 Words   |  5 PagesGianna Jessen who is now thirty-six, survived an abortion. At seventeen years old, her mother attempted to abort her using the saline procedure. Eventually, Gianna forced a birth after being in the solution for eighteen hours. She was put up for adoption after she was born and was diagnosed with cerebral palsy at an early age due to the saline burning. Around the world, abortion takes place on the daily basis and the government considers this form of murder legal. This brutal act of legal murderRead MoreThe Effects Of Illegal Termination Of Pregnancies On The Quality Of Life Among Female1114 Words   |  5 PagesPROJECT ON THE EFFECTS OF ILLEGAL TERMINATION OF PREGNANCIES TO THE QUALITY OF LIFE AMONG FEMALE MINORS 14-19 YEARS IN OJO LOCAL GOVERNMENT AREA, LAGOS - STATE. BY EDWINA UCHECHI IHIM-OKWANDU APPLICATION NUMBER:17616 TEXILA AMERICAN UNIVERSITY. IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR DEGREE IN SCIENCE OF NURSING. APRIL,2016. ABSTRACT Illegal abortion is a general problem in the Society. It is frequently followed by Physical, Social and psychological complicationsRead MoreThe Effects of Abortion That You Dont Know About Essay1110 Words   |  5 PagesThe Effects of Abortion That You Dont Know About Many women that choose to have an abortion do not realize that it is a dangerous surgery with serious side effects. These side effects are both physical and psychological. Having an abortion is unnatural and interrupts this function of the human body. â€Å"The women’s body naturally resists the abortion, causing physical and emotional problems† (â€Å"Who does Abortion Affect?†). Almost all of theRead MoreAbortion Is The Termination Of A Pregnancy After, Accompanied1435 Words   |  6 PagesAbortion is the termination of a pregnancy after, accompanied by, resulting in, or closely followed by the death of the embryo or fetus. People have used the negative psychological effects of abortion as a basis to either promote or discourage abortion; making it one of the most highly debated topics for years. Many studies argue that abortion can lead to serious mental illness as people have disclosed effects ranging from depression, post-traumatic stress disorder, anx iety, substance abuse, sexualRead MoreEssay about Abortion Is Murder1200 Words   |  5 Pages Since 1973, when it became legalized, abortion has been of the most controversial ethical issues in America. In the court case of Roe v. Wade, the Supreme Court came to the conclusion that women have the right to privacy which includes the right to having an abortion. This ruling has caused many controversies and millions of people throughout America protest against abortion every year. Abortion is an operation of other intervention to end a pregnancy by removing an embryo or fetus from the wombRead MoreAbortion And Racism : An Advocate For Men And Women Seeking Post Abortion Healing1336 Words   |  6 Pages â€Å"Abortion and racism are evil twins, born of the same lie. Where racism now hides its face in public, abortion is accomplishing goals of which racism only once dreamed. Together abortionists are destroying humanity at large†- Alveda King. In short, abortions are destroying the lives of Canadians one abortion at a time. An abortion leaves the mother in a vulnerable state, even more so when the mother is a teenager. Abortions negatively affect a teenage girl psychologically, physically and sociallyRead MorePersuasive Essay On Abortion1228 Words   |  5 Pagesmillion end up in abortion† (Hern). Because of the numerous traumatic psychological, physical, and overall irresponsible behavior or actions constantly encouraged due to abortion, it should be banned, and forever illegal. Killing one’s own fetus has been linked to psychological distress which has been channeled into many different cases of substance abuse. â€Å"Induced abortion has been linked to increased rates of substance abuse, especially among young woman† (â€Å"Psychological Health Effects†). Not only are

The Byzantine Empire and Greco-Roman Culture Free Essays

The Byzantine Empire has a very strong connection to Greek culture. In 1453 A. D. We will write a custom essay sample on The Byzantine Empire and Greco-Roman Culture or any similar topic only for you Order Now the Byzantine Empire was very important in not just only the world, but also in terms of economic, political and militaristic strength. The Byzantine Empire was a significant part of the Roman Empire and historical research has helped unravel the strong relationship between the Byzantine Empire, Greek Heritage and culture. In addition to what I listed above, the Byzantine Empire was important because it maintained the given knowledge from the Greeks and the Romans The strengths of the Byzantine Empire are the preservation of Roman- Greek culture and cultural diffusion. When the Roman Empire collapsed in 476, the Byzantine Empire survived. As a result of this collapse, the empire served to preserve the majority of the Greek and Roman achievements for Western Europe. In the aspect of cultural diffusion, the Byzantine Empire not only helped to preserve Roman, Greek culture and Christianity but it also spread these ideas to other parts of the world. Another big impact of the Byzantine Empire are the achievements of architecture and art. The greatest example of this is the Church of Hagia Sophia. The purpose of this monument was to symbolize the unknown of Christian religion. A weakness of the Byzantine Empire is that the position of the church was detrimental to the Orthodox Church. It had no influence on the people, it did not have any control over a prosecuted ruler, it was not a substantial leader in education, and it lacked the power of growth. As a contribution of Islam to the Byzantine Empire, the Islam’s occupied the reconquered Byzantine territories and then proceeded to claim Jerusalem as a religious site for Muslims. They also took in the Persian Empire and went westward to North Africa. How to cite The Byzantine Empire and Greco-Roman Culture, Essay examples

Finance for Behavioural and Asymmetric Composition-myassignmenthelp

Question: Discuss about theFinance for Behavioural and Asymmetric Composition. Answer: Evaluating the occurrence of short run IPO under-pricing in Australia and US by contrasting the results with empirical study conducted on Hong Kong: The theories comprising of behavioural and asymmetric composition can be identified, as the measure fulfilling the viability of IPO under-pricing in US and Australian market. Moreover, the asymmetric theory indicates that information distribution is not adequately conducted among investors and companies, as it allows the investor to gain abnormal gains. Moreover, the behavioural theory indicates the willingness of the investor to investment in a stock during their IPOs. Hence, the combination of both asymmetric and behavioural theory directly supports that presence of IPO under-pricing, as it allows the investor to generate high rate of return from investment. The investors with the right information forces the price of IPO down to maximise the returns that is generated from investment. Hence, it could be understood that both asymmetric and behavioural theory supports the presence of under-pricing of IPO shares in US and Australian stock market. The empirical research mainly focuses on determining the overall under-pricing of initial public offerings which is been conducted in Hong Kong stock market. The research paper uses the overall duration of 10 years to identify the implications and impact of under-pricing on initial public offerings, while detecting its presence in the Hong Kong stock market. Identifying the presence of under-pricing measure used in Hong Kong stock market could relevantly help in understanding its presence in Australian and US stock market (Chong, Yuan and Yan 2010). The research estimates the average IPOs and pricing level in Hong Kong stock market to detect presence of under-pricing in the stock market. In this context, Boulton, Smart and Zutter (2017) stated that with the under-pricing of IPOs the underwriter is able to attract more investors during the IPO initiation and effectively free float shares of the organisation. From the early valuation of the research it could be identified that 16.6% of the 92 IPOs were on an average underpriced, directly indicate its presence in the Hong Kong stock market. Moreover, Beck (2017) stated that the IPO under-pricing is a relatively high in developing countries in comparison to developed countries, as investors are keen on increasing the profits from the initial public offering. The researcher also evaluated the short run abnormal returns that are generated from the IPO under-pricing in Hong Kong stock market. This would eventually help in satisfying the statement regarding the presence of under-pricing of IPOs. The researcher collectively uses dependent variables such as the closing price of IPOs first day trading, which is used in understanding the difference between the initial price and the closing price of a particular stock (Chong, Yuan and Yan 2010). Second dependent is also used in the research, which comprises of data from first 7 trading days and firs t 15 trading days for detecting the overall presence of under-pricing in IPOs. The explanatory variables are also used in the research for identifying the impact of under-pricing in determining the overall share price of IPOs. With the use of geometric mean the overall returns and annual growth of a particular stock can be identified, which might allow investors to increase the level of returns from investment. The researcher has a relatively used regression analysis to identify the significance of the values derived from the calculation. The researcher also evaluates that the Four Big Firms conducts the IPO valuation and selling in the stock market. The calculations mainly state that IPO selling conducted by PricewaterhouseCoopers and KPMG is much accurate on Hong Kong, as compared to the evaluations conducted by Ernst Young and Deloitte Touche (Chong, Yuan and Yan 2010). The empirical research also indicated that there is a presence of under-pricing of IPL during the initial stage, where low price shares are provided to investors to complete the share selli ng process. The low cost shares provided to investors relatively allows the company to sell of their issues for generating the required level of capital (Francis 2017). From the overall evaluation, it could be identified that IPO under-pricing level in Hong Kong stock market is at the levels of 16.8%, which has a relatively small magnitude of an uprising in comparison to other countries (Chong, Yuan and Yan 2010). Moreover, the shares related to A-Category are less impacted with the under-pricing process, while the B-Category stock is highly impacted by the under-pricing process. Therefore, from the evaluation of the empirical research it could be understood that developed countries have less impact of under-pricing during initial public offerings as compared to developing countries. However, the presence of enterprising for short duration is the relatively present in the Hong Kong stock market as evaluated from the empirical research. Hence, from the valuation of Hong Kong stock market it could be identified that both US and Australian stock market conduct IPO under-pricing for short duration. Consequently, the occurrence of short-run IP on the pricing in the Australian market would eventually hamper the company's ability to raise the level of capital to support its operational plans. This under-pricing is essential for both the investors and companies to benefit from the initial investment conducted during the IPO session (Morricone et al. 2017). The research directly shows that in case of developed countries, the under-pricing impact is less, while developing countries have high impact of short run under-pricing in its stock market, which benefits the initial investors and allow them to generate higher returns from investment. Reference and Bibliography: Beck, J., 2017. Determinants of IPO Underpricing: Tech vs Non-Tech Industries.Major Themes in Economics,19(1), pp.39-55. Boulton, T.J., Smart, S.B. and Zutter, C.J., 2017. Conservatism and international IPO underpricing.Journal of International Business Studies,48(6), pp.763-785. Chong, T.T.L., Yuan, S. and Yan, I.K.M., 2010. An examination of the underpricing of H-share IPOs in Hong Kong.Review of Pacific Basin Financial Markets and Policies,13(04), pp.559-582. Francis, B., 2017.The Information Environment of the Firm and IPO Underpricing(Doctoral dissertation, Rensselaer Polytechnic Institute). Kotlar, J., Signori, A., De Massis, A. and Vismara, S., 2017. Financial wealth, socioemotional wealth and IPO underpricing in family firms: A two-stage gamble model.Academy of Management Journal, pp.amj-2016. Morricone, S., Munari, F., Oriani, R. and De Rassenfosse, G., 2017. Commercialization Strategy and IPO Underpricing.Research Policy,46(6), pp.1133-1141.