Human Resource Management Essay Example | Topics and Well Written Essays - 1750 words - 4

Human Resource Management - Essay Example Inspiration of representatives is another part of HR which the HR supervisor needs to guarantee so as to keep them cheerful and working. There are different methods of inspiration. The association can remunerate their performing representatives or give them an advancement. Or on the other hand even a basic signal of correspondence is exceptionally useful in making them roused towards their activity. The workers need to feel that the association esteems and regards them. This thus will make the representatives inspired and committed towards their organization. ANSWER 3 Training and advancement frames a significant angle for a worker. At the point when a worker joins the association, he is she needs to experience an underlying round of preparing so as to comprehend the activity job and duties. From that point during their work life they need to experience a few preparing modules to additionally ad lib on their activity aptitudes. At the point when a representative understands that thei r association is spending a great deal for them so as to build up their abilities at working environment, it gives them a feeling of significance in the organization. They feel that the association thinks of them as significant and need their help so as to develop. The second this inclination emerges inside a worker, the individual will consequently attempt to offer more to the association. This sentiment of belongingness can't simply drop by out of nowhere. The acknowledgment must be made by the organization to their workers. Ordinarily taking into account workers issues or guaranteeing their prosperity can truly rouse the representatives however this is only a little separated. On a greater situation, preparing and advancement of the worker is a central point in boosting their spirit. So as to comprehend the current inquiry, we should make a corporate situation where a preparation... It is a significant piece of human asset as it is worried about getting labor into the organization. It likewise helps in the development and advancement of the association. One of the significant perspective is preparing and improvement. When an individual joins an association, the person needs to experience an underlying preparing period which encourages that person to comprehend the activity job and the obligations. For the most part when a worker goes along with, the person in question under goes an acceptance period where in the person is made familiar with the workplace, the association culture, and so on the following stage is the preparation time frame. the preparation can be at work or off the activity. The fundamental thought behind aggregate dealing is to settle a question between a worker and the administration in the most ideal manner with no sort of biasness. Aggregate dealing and unionization have two primary advantages. The second this inclination emerges inside a worker, the individual in question will naturally attempt to offer more to the association. This sentiment of belongingness can't simply stop by out of nowhere. The acknowledgment must be made by the organization to their workers. Typically obliging workers issues or guaranteeing their prosperity can truly propel the representatives yet this is only a little separated. On a greater situation, preparing and improvement of the worker is a main consideration in boosting their assurance. Aggregate dealing and unionization has been utilized much of the time over the world. The administration and the labourer’s agents sit and talk about their issues and attempt to come to regular understanding where them two are cheerful and fulfilled.

Satisfactory Data Sheet Essay Example | Topics and Well Written Essays - 250 words

Agreeable Data Sheet - Essay Example Along these lines, the substance is name effectively and should note be contested. Therefore, the word â€Å"Warning† on the provider SDS isn't right; henceforth, it ought to be supplanted by â€Å"caution† from the CLP database. Coming up next is the guidance to the acquisition group and the assembling directors: Companies ought to be considered answerable for the administration of dangers in regards to synthetic concoctions and the arrangement of security data on them. Shippers and makers must assemble and impart on the fixings and properties of synthetics. This is significant so clients can realize how best to deal with them with most extreme consideration. The guidelines of Classification, naming and Packaging specify that Hazards must be imparted plainly to specialist and purchasers of the part states. They should single out any concoction substance property with potential threats to creatures, human and the earth (European Chemical Agency, 2014). Order must be done in accordance with the dangers distinguished. Naming ought to be done appropriately with the goal that purchasers or customers can peruse and comprehend their belongings obviously. In Biocidal items guideline, the providers must give data on the dynamic biocidal substances. This is on the grounds that they all need approval from ECHA on the national expert for them to be discharged to the market (ECHA, 2014). All inclusive Harmonized System of Classification and Labeling of Chemicals (GHS). (2014). Joined Nations Economic Commission for Europe. Recovered from:

The Benefits of Taking GRE Practice Test Essay Samples

The Benefits of Taking GRE Practice Test Essay SamplesThere are many reasons to take a GRE practice test essay. A student can take the exam multiple times and try several strategies and then find out if it works or not.The purpose of the practice test essay is to sharpen your skills in areas that will be used on the actual exam. If you want to improve your scores, it is helpful to take these tests multiple times. This helps you to see if the strategy you are using is helping you or hurting you.Many companies provide excellent GRE practice test essay samples. These are not the same as the sample essays used on the actual exam. Most companies provide these to their employees to help them prepare for the exam. They do this to get a feel for what to expect when they go to take the exam.When you take a practice test with GRE essay samples, you can learn more about the topics that you will cover on the exam. You will be able to see how much time you have to prepare for it. You will also be able to see how much material is covered in each section. You can also find out which strategies will work best for you.This is very helpful if you are taking the exam for the first time. You can compare what you have learned from the practice test to what you learned from the essay. This way, you can see if the strategy you use on the actual exam works well for you.Some companies will give their employees multiple practice exams to take. These will usually include all of the essays. You can practice with these on different days or take a few at a time. Take your time and really learn the topics in each section.Be sure to use the same strategy that you use on the actual exam. Many people don't know how to do this and get frustrated before the exam. You need to use the same strategy no matter which essay sample you take.Take some time and study up. Study your GRE essay samples so that you will know what to write and how to write it. Use these GRE practice test essay samples to hone your skills.

Mother Tongue By Amy Tan - 967 Words

In â€Å"Mother Tongue†, Amy Tan describes the several different kinds of English her that she speaks. It is an interesting concept to think about the fact that more than one variation of a single language exist. After reading â€Å"Mother Tongue† I began looking at my own life and seeing if I could recognize the different variation of English that I have come in contact with. After some serious thought, I realized that I have not only come into contact with many different kinds of English, but I speak many different types of English. The Due to my own experiences I agree with Amy Tan’s description of different variations of English, but I believe that each person speaks only one type of English, their own. Regional dialects can be considered languages in their own right and have a massive impact on the development of a person’s personal English. My father’s side of the family is from Arkansas and my mother’s side is from Pennsylvania. I grew up in Pennsylvania, but I vacationed in Arkansas with my grandparents. Every summer my personal form of English would warp while vacationing and again when returning home. When considering regional dialects the most prominent feature that comes to mind in a person’s accent. The aspect of an accents that has the most dramatic effect on the English being spoken is the specific word choice in any particular situation. Words that would be considered slang to most English speakers can be considered proper English in other places. The term â€Å"y’all† isShow MoreRelatedMother Tongue By Amy Tan1553 Words   |  7 Pages(Date) â€Å"Mother Tongue† Response Essay In the essay â€Å"Mother Tongue,† Amy Tan emphasizes the idea that the language we are taught in childhood plays an important role in our lives. She writes about the profound effect language has on her life and how she is inspired by her mother’s â€Å"impeccable broken English† to become a writer (317). Tan describes her mother as an educated person who can read sophisticated and technical literature written in English with ease. However, Tan’s mother is oftenRead MoreMother Tongue, by Amy Tan819 Words   |  4 Pages Despite growing up amidst a language deemed as â€Å"broken† and â€Å"fractured†, Amy Tan’s love for language allowed her to embrace the variations of English that surrounded her. In her short essay â€Å"Mother Tongue†, Tan discusses the internal conflict she had with the English learned from her mother to that of the English in her education. Sharing her experiences as an adolescent posing to be her mother for respect, Tan develops a frustration at the difficulty of not being taken seriously due to one’s inabilityRead MoreMother Tongue By Amy Tan1306 Words   |  6 Pages Mother Tongue is a story that describes how Amy Tan’s mother was treated unfairly because of her â€Å"broken English†. As the second generation of Chinese immigrants, Tan faces more problems than her peers do. H er mom, who speaks â€Å"limited† English, needs Tan to be her â€Å"translator† in order to communicate with the native English speakers. Tan has felt ashamed of her mother â€Å"broken† language at first. She then contemplates her background affected her life and her study. However, she changes her thoughtRead MoreMother Tongue By Amy Tan883 Words   |  4 PagesIn Amy Tan’s essay â€Å"Mother Tongue,† it is obvious that language plays an enormous role in our life. Language can influence and give us an insight into another culture different from our own. Amy Tan discusses the many ways in which the language she was taught and native to was important and powerful throughout her life. Language can be defined in various forms, but I hold and acknowledge Amy Tan’s explanation: â€Å"Language can evoke an emotion, a visual image, a complex idea, or a simple truth.† I canRead MoreMother Tongue By Amy Tan1375 Words   |  6 Pagestrade. And I use them all-all the Englishes I grew up with.† -Amy Tan, Mother Tongue Language is what allows humans to be creative. Creative in the way we express ourselves, creative in the way we put our ideas forward, creative in the way we correspond with each other and in the way we can touch each other’s lives. It is truly a gift that the other species of our world do not possess, at least not to the extent that humans do! Amy Tan is an American writer and her works probe the Chinese-AmericanRead MoreMother Tongue By Amy Tan1290 Words   |  6 Pageslanguage is a difficult and demanding task. In â€Å"Mother Tongue†, Amy Tan expresses the limitations caused by the use of imperfect English in society and her struggles to revitalize it into her life and her writing. Through the use of several rhetorical strategies such as expanding on her own credibility with the use of ethos, appealing to the audience’s emotions using pathos, stating statistics using logos and providing an example of repetition, Tan successfully manages to prove her point on the struggleRead MoreAnalysis Of Mother Tongue By Amy Tan913 Words   |  4 Pages Analysis of Mother Tongue by Amy Tan In the narrative essay, â€Å"Mother Tongue† by Amy Tan, the author sets out the story between her mother, whose English is her second language, and Tan herself can speak native English very well. The essay covers the tonal shift of Amy Tan s psychological change, from grudge to understanding. Although she begins the essay saying, I am not a scholar of English or literature. I cannot give you much more than personal opinions on theRead MoreAmy Tan s Mother Tongue1060 Words   |  5 Pagesupon me for my inability to speak English properly. However, in the essay â€Å"Mother Tongue†, the author Amy Tan gives a different, a more optimistic outlook on the various forms of English that immigrants speak as they adapt to the American culture. Using simple language to develop her argument, she casually communicates to the audience rather than informing, which helps the audience understand what is being presented. Tan’s mother plays an important role in her outlook of l anguage because she helps herRead MoreAnalysis Of Mother Tongue By Amy Tan1048 Words   |  5 PagesTwo Worlds - One Story In â€Å"Mother Tongue,† Amy Tan reflects on her childhood to describe how her mother contributed to her understanding of language. Tan encounters numerous situations when she feels like she is judged based on how her mother spoke â€Å"broken† English. Nevertheless, she overcame her teachers’ opinion that she should focus on math and sciences and became a writer. I have a similar experience because I have lived in a different country for a long time, and I speak a different languageRead MoreAmy Tan s Mother Tongue992 Words   |  4 PagesIn the essay â€Å"Mother Tongue† Amy Tan, the author, gives a different, a more upbeat outlook on the various forms of English that immigrants speak as they adapt to the American culture. Using simple language to develop her argument, she casually communicates to the audience rather than informing which helps the audience understand what is being presented at ease. Her mother plays an important role in her outlook of la nguage, because she helps her realize that language not only allows one to be a part

Cyberbullying And Its Effect On Society - 2620 Words

Question #1 Moral panics is something that the society will always experience. From back in history to now, there are different cases of moral panics. Most of these panics affect and target individuals on a daily basis. Rainbow parties, teen sex bracelets, and even bullying has become a huge moral panic for the society now. Bullying have always existed, however, the method and seriousness of bullying has increased dramatically over time. Cyberbullying is one of the most troubling and disruptive crimes of our society now. The advancement of technology has definitely enforced a huge impact on cyberbullying. The internet and its easy access has made it exceptionally easy to target people, especially juveniles, throughout the day at any given time. Many popular social networking sites such as Facebook, Twitter, and Instagram is where a lot of bullying happens to take place. I definitely understand why this has become such an enormous moral panic because of the negative influences it has on young people or juveniles. The internet makes it apparent and easy to judge others by the way someone looks, dress, or act. Even though this is a country of freedom, liberty, and equality, people still are inclined to judge others and critique them harshly. This cause juveniles to develop a mere sense of conscience, low self-esteem, and a high need for approval or acceptance. First, what is the actual definition of bullying? Cyberbullying involves bullyingShow MoreRelatedCyberbullying And Its Effects On Society Essay1731 Words   |  7 PagesCyberbullying is a prevalent issue in our society due to the rise of technology. Teenagers and children are more connected to the internet than ever before and are in danger of cyber bullying. People can be bullied for a multitude of reasons, the number seeming to grow every year. Some children are cyberbullied because of their physical appearance, sexual orientation, for sexting, for their mental disabilities or for simply existing. This fo rm of bullying is so dangerous because it is very difficultRead MoreCyberbullying And Its Effect On Society1254 Words   |  6 Pagesin some way, and about 20-40% have experienced some form of cyberbullying at least once.1 This means that about 200-400 million people between the age of 15 and 24 have been cyberbullied. Cyberbullying has been an issue since the internet was first introduced for public use, and it is still a rising issue today. That is why it is our job to fix it. â€Å"What is cyberbullying?† you may be wondering. According to Dictionary.com, cyberbullying is â€Å"the act of harassing someone online by sending or postingRead MoreCyberbullying And Its Effects On Society1690 Words   |  7 PagesCyberbullying Did you know that girls are about twice as likely as boys to be victims and perpetrators of cyber bullying? Although the use of technology has created many opportunities to enhance teaching and learning, it also has led to some severe problems (Morgan, 2013). Online communication can become an addiction, but we have to be careful on what we post or send to other people. Cyberbullying affects people from kinder to college, or even higher. Before the internet, bullies dominated theRead MoreCyberbullying And Its Effect On Society893 Words   |  4 Pagesin today’s society. It affects not only students, but adults and teachers alike in contesting what is commonly known as cyberbullying. Cyberbullying can be defined as the willful and repeated use of cellphones, computers, and other electronic communication devices to harass and threaten others. (McQuade, 2006) Because we live in a cyber society, nearly anyone can become a victim of cyber bullying. It is important to distinguis h the difference between cyber harassment and cyberbullying. The sole differenceRead MoreCyberbullying And Its Effect On Society967 Words   |  4 PagesCyberbullying With the easy access to various forms of technology, young people are using the internet and social networks more than ever before. They view the internet and even more so their mobile phones as a positive aspect of our society. These devices play a crucial role in our daily lives and development of identities. However, these devices are often used negatively. With the increased usage of advanced communication technology, a new type of bullying, cyberbullying, has emerged. CyberbullyingRead MoreCyberbullying And Its Effects On Our Society938 Words   |  4 PagesBullying in the Digital Time Cyberbullying is the use of electronic devices with the intent of inflicting harm on another. Cyberbullying has steadily increased with new technology. Many international organizations and campaigns have emerged to defend the victims of this crime. An anti-bullying organization came about by youth in Canada to address the issues surrounding bullying in our society. This advocates for bullying awareness online, insisting that not enough government attention has been givenRead MoreCyberbullying And Its Effects On Society956 Words   |  4 Pagesbefore with technology. Technology has allowed people to be bullied by total strangers and people in which they never met. Cyberbullying has become a bigger problem than ever imagined. There are many different causes for cyberbullying which spawn psychological issues; however, the methods used are intended to inflict a damaging impact on their intended victims. Cyberbullying stemmed from a digital generation with social media, cell phones, and computers just to name a few. Thirty to forty years agoRead MoreCyberbullying And Its Effects On Society860 Words   |  4 Pages Cyberbullying is any bullying that takes place with the use of electronic technology; cell phones, computers, social media, texting, and other electronic methods of communication. Cyberbullying typically happens to teenagers, when it happens to an adult is considered cyber-harassment or cyberstalking. Cyberbullying is different than in person bullying because it can happen anytime, victims find it hard to escape, the bully can be anonymous, and the bully can be anywhere in the world. Children whoRead MoreCyberbullying And Its Effects On Society919 Words   |  4 Pagesâ€Å"Cyberbullying† Cyberbullying is â€Å"willful and repeated harm inflicted through the use of computers, cell phones, and other electronic devices† (Cyberbullying Research Center). Students can be victims of cyberbullying anytime they have access to their phones or computers: at home, at work, at school, waiting at the doctors, also the cyberbully can commit these acts at all the same times. In this day and age of technology there is no relief or break for the victim. Cyberbullying must be dealt withRead MoreCyberbullying And Its Effect On Society1620 Words   |  7 PagesCyberbullying is a kind of harassment that makes use of the latest electronic technology. This kind of bullying is always on the internet, but people are now even using their phones to bully people, as well. According to the US National Crime Prevention Council, cyberbullying is when the internet, cellphone, and other devices are used to hurt others by sending messages, posting statuses, or sending images to hurt or embarra ss someone. Cyberbullying has become a major issue in the media today. The

Of Mice and Men Importance of Friendship George and Lennie Free Essays

Of Mice and Men has many themes presented by Steinbeck, one of which is about friendship. The novella shows the relationship between the protagonists, George and Lennie, and showing how they try to achieve the American Dream by working together. This is in contrast to many of the other characters who are alone by themselves which seems to be the norm at the time of the Great Depression. We will write a custom essay sample on Of Mice and Men Importance of Friendship George and Lennie or any similar topic only for you Order Now The reader is able to look at how the need to have a companion is portrayed by Steinbeck, especially during the harsh economic times that the story is set in. The reliance that George and Lennie have on one another is able to emphasise on how it is only the friendship between the two of them which allows them to survive. Lennie saying ‘I got you to look after me, and you got me to look after you. ’ is underlying the true reliance that both George and Lennie have for one another. Lennie also sees his friend ‘he pulled his hat down more over his eyes the way George’s hat was. ’ as a role model and sees him as guidance as to how to live his own life. George needs Lennie as much as Lennie needs George despite Lennie being the one who is mentally challenged and in need of constant supervising. Steinbeck also uses the character Lennie to refer to how it should society should be collectively looking after the vulnerable in society rather than George having to look after him by himself. Thus the reliance of each of the main characters on one another emphasises how important the friendship is in keeping both them and the novella together. The friendship is also portrayed by Steinbeck as he is opposing the idea of people working just by themselves. â€Å"Guys like us, that work on ranches, are the loneliest guys in the world. They got no family. They belong no place†¦they ain’t got nothing to look ahead to. †Ã‚   is showing what Steinbeck sees of the idea of itinerant workers being by themselves. This is despite the fact it would have much likely to be easier during the time of the Great Depression to be by yourself and have a sustinent way of life. Yet Steinbeck emphasises friendship by looking at how unhappy the people who are by themselves are. The fact that Lennie who can only understand basic ideas is able to see the migrant workers as ‘lonely’ goes to point out how a companion is needed to be able to live a happy life. They are also said to have ‘nothing to look ahead to,’ which counters the idea that people are able to achieve the American Dream just through hard work and determination from ‘rags to riches’. As a pair they are going against the ideology of ‘every man for himself’ which is preached as w Thus George and Lennie being together can be seen to show how they are closer to achieving the dream as a result of being able to work together. They are able to share the dream between one another which makes it a serious possibility. The circular narrative which then destroys the dream only makes it more tragic as it seems as if they had a possibility but there never was. This is what Steinbeck uses to undermine the idea of the American Dream for it is not even realistic despite co-operation. Thus due to the economic depression, Steinbeck shows that friendship is important to be able to cope through the difficult times The friendship is also important in comparing to other characters in the novella that are depicted as lonely as well as being the vulnerable in society. Curley’s wife is seen as one of the most isolated characters ‘Think I don’t like to talk to somebody ever once in a while. ’ for all she desires is attention and for people to take notice of her. The fact that she has no-one to be with is what leads her to acting in a promiscuous manner and eventually this is also a cause of her death. Thus the strive to be happy without a friend can be fatal. Crooks is also a person who strives for friendship, ‘S’pose you didn’t have nobody. S’pose you couldn’t go into the bunk house and play rummy ’cause you was black. ’ but it is unable to get it because of his colour. This is also emphasises the oppressive nature of society at the time because Crooks is lonely for he has been segregated. Although most of the men have no true friends, they at least get to play cards and associate with others. Lennie, because of the colour of his skin and his friendship with George, cannot possibly understand Crooks’ plight. George chooses to kill Lennie at the novel’s end, realizing that Lennie could not stand the loneliness of being locked up in a prison or an asylum. This is also able to highlight the true friendship which is separated at the end which also brings an end to the novella. Thus the need for companionship, which is shown by other characters that are victimised within society, is emphasised as other strive for what George and Lennie have. Throughout the book Steinbeck uses many characters to emphasize a message which he wants to get across to the reader. This is how the importance of being able to share a friend was vital during the 1930’s as it was the time of the Depression era and everyone always needed someone else to be with. This is what makes the true friendship between George and Lennie a key component of the novella. How to cite Of Mice and Men Importance of Friendship George and Lennie, Essay examples

Waterford Crystal A Case Analysis Waterford Crystal HISTORY OF WATERFO Essay Example For Students

Waterford Crystal A Case Analysis Waterford Crystal HISTORY OF WATERFO Essay Waterford Crystal a case analysis Waterford CrystalHISTORY OF WATERFORD CRYSTALWaterford Glass was started by two brothers, George and William Penrose, in 1783. It was the most notable of all Irish crystal companies. In 1799, the Penrose brothers sold Waterford Glass to the Gatchell family. The crystal industry was prosperous until 1825. Irish glass manufacturers began to slowly close due to high export duties, the economic depression, and a lack of capital. Waterford Glass was the last to close in 1851. It was reestablished nearly a century later by Charles Bacik and Bernard Fitzpatrick. In 1947, they set up a factory in Waterford, Ireland.A turning point in the companys history came in 1950 when Joe McGrath made a sizable investment in Waterford Glass. He invested the capital needed to convert the small crystal manufacturing company into one with the potential to become a major player in the crystal industry. This investment gave his family control for the next thirty-five years. We will write a custom essay on Waterford Crystal A Case Analysis Waterford Crystal HISTORY OF WATERFO specifically for you for only $16.38 $13.9/page Order now Joe McGrath was committed to Ireland and providing jobs for his country. He wanted to reduce the countrys high unemployment level. His focus for Waterford Glass was on growing the company through exports to the United States. In 1966, Joe McGraths son, Paddy McGrath, took over management of Waterford Glass. Like his father, he was dedicated to Ireland and to providing employment opportunities for the Irish. McGraths quest to provide more jobs for the Irish led him to diversify the company. By 1983, the company had acquired more than thirty non-core businesses. To reflect the expansion, management changed the companys name to Waterford Glass Group. In 1985, Paddy McGrath resigned as chairman of Waterford Glass. Concurrent with Paddy McGraths resignation, Paddy Hayes was appointed chairman and CEO of Waterford Glass Group. He immediately began to sell off the non-core businesses in an effort to reduce the companys high debt level. Waterford Glasss debt was virtually eliminated with the issue of American Depository Shares (ADS) on the United States NASDAQ market. On November 28, 1986, Waterford Glass acquired Wedgwood, a two hundred year old manufacturer and marketer of fine bone china. Paddy Hayes was named the chairman and CEO of both companies and Paddy Byrne was appointed CEO of Wedgwood. In 1989, the companys name was changed to Waterford Wedgwood. Three divisions were created as a result of this acquisition: the Waterford Crystal division, the Wedgwood division, and the Creative Tableware division. In 1989, Paddy Hayes resigned from his position as chairman and CEO of Waterford Wedgwood. Paddy Hayes was succeeded by Paddy Byrne as CEO of Waterford Wedgwood. Paddy Galvin was appointed as CEO of Waterford and Paddy Byrne continued as the CEO of Wedgwood. In 1990, the ownership of the company began to shift from Ireland. This was the result of an equity investment made by the Morgan Stanley/Fitzwilton consortium. On April 5, 1990, the workers at Waterford Wedgwood went on strike. The strike occurred when management took steps to reduce high labor costs. The strike lasted fourteen weeks causing significant problems for the local community. In December 1990, Waterford Wedgwood became two independent entities. Concurrent with the restructuring of the company, Paddy Byrne resigned. In September 1991, Waterford introduced a new brand of crystal called Marquis by Waterford Crystal.THE CRYSTAL BUSINESSToday, the craftsmen of Waterford are supreme artists as they were in the 18th century. Having craft and design skills is the critical element in establishing and maintaining a competitive advantage. The combined skills of the craftsmen create the distinctive patterns known all over the world. The exceptional clarity of Waterford Crystal is achieved through several steps that have remained almost unchanged for over two centuries. Waterford products are manufactured by a strict process of mixing, blowing, cutting and polishing. Manufacturing crystal is very labor intensive. Labor costs are generally 50 to 55 percent of the manufacturing costs. Chemicals are mixed to create a unique formula that gives Waterford crystal its special sparkle and light refractive qualities. It is then heated to 1400 degrees centigrade in a natural gas fired furnace for at least 36 hours to produce molten crystal. A blower, using the traditional tools and techniques as in the 18th century, gathers a quantity of crystal from the furnace on the end of a blowing iron with a twisting motion. This is then smoothed with a wooden block that has been soaked in water and resembles the shape of the desired item. The craftsman then blows the piece, either by machine or by mouth, to its full shape. Crystal pieces are similarly cut to its unique pattern by either machine or by hand. Those crystal pieces that are mouth blown and hand cut have the highest quality of all crystal products.No other crystal is cut as deeply as Waterfords. Some of the companys core competencies are its crystals sparkle of light refractive qualities and unique 18th century designs. The assembly and packing of the crystal for distribution takes a considerable amount of time to complete. After the crystal is polished, everything is carefully checked and measured.Every possible step is taken to ensure that every piece of crystal arrives at its destination safely and securely. With its quality craftsmanship and design expertise, Waterford has gained a reputation for quality around the world. Based on price and brand name recognition, crystal products are divided into three market segments: high-end (in which Waterford Crystal was dominant in), medium, and low-end. These markets can be further divided into three subgroups: stemware and giftware, premium and incentive, and catalog mail order. The major distribution channels of these crystal products are department stores. Waterford Crystal is unique among other crystal manufacturers in that its stemware patterns are never discontinued. If a replacement is needed for a stem pattern bought many years ago, it can be specially made. 1950 1985 THE MCGRATH FAMILY ERA Joe McGrath, being intensely pro-Ireland, was more concerned with growing the company in order to provide jobs for his country than making a profit. He focused on doing so through exports to the United States, so in 1961 Waterford established a marketing subsidiary in the United States. A distributing company was established in the United Kingdom three years later.Sales revenues and profits were on the rise. Employment had grown and the company moved its operations to a larger location. Financing came from loans and stocks. When Joe McGraths son Paddy McGrath took over management in 1966, the family controlled 40% of the companys equity and their success continued. Paddy, like his father, had that strong dedication and sense of responsibility to his homeland. .uc66dd1470cf21c15ebe4016fba45fcfc , .uc66dd1470cf21c15ebe4016fba45fcfc .postImageUrl , .uc66dd1470cf21c15ebe4016fba45fcfc .centered-text-area { min-height: 80px; position: relative; } .uc66dd1470cf21c15ebe4016fba45fcfc , .uc66dd1470cf21c15ebe4016fba45fcfc:hover , .uc66dd1470cf21c15ebe4016fba45fcfc:visited , .uc66dd1470cf21c15ebe4016fba45fcfc:active { border:0!important; } .uc66dd1470cf21c15ebe4016fba45fcfc .clearfix:after { content: ""; display: table; clear: both; } .uc66dd1470cf21c15ebe4016fba45fcfc { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc66dd1470cf21c15ebe4016fba45fcfc:active , .uc66dd1470cf21c15ebe4016fba45fcfc:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc66dd1470cf21c15ebe4016fba45fcfc .centered-text-area { width: 100%; position: relative ; } .uc66dd1470cf21c15ebe4016fba45fcfc .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc66dd1470cf21c15ebe4016fba45fcfc .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc66dd1470cf21c15ebe4016fba45fcfc .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc66dd1470cf21c15ebe4016fba45fcfc:hover .ctaButton { background-color: #34495E!important; } .uc66dd1470cf21c15ebe4016fba45fcfc .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc66dd1470cf21c15ebe4016fba45fcfc .uc66dd1470cf21c15ebe4016fba45fcfc-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc66dd1470cf21c15ebe4016fba45fcfc:after { content: ""; display: block; clear: both; } READ: Analysis of West End Blues by Louis Armstrong Essay His goal of investing in Ireland and creating new jobs led him into the acquisition of multiple businesses. Waterford Glass, which then changed to Waterford Glass Group, went beyond the manufacture and sale of high-quality crystal and into fine bone china, car assembly, and department stores. The acquisition of these businesses increased the companys debt to 50 million Irish punts. Employment multiplied and of course labor rates increased, especially with workers being paid on a piece-rate basis. By mid- 1980s, Waterfords labor rates were 77% above the average industrial salary in Ireland.Management signed a three-year labor agreement that again raised labor-related costs by 44% over the life of the agreement. A typical labor agreement is renegotiated every year, which allows labor to accommodate for inflation and the such. In 1984 Avenue Investments, the holding company, which maintained control of Waterford Glass, made poor investments and had to sell its 20% stake in Waterford Glass to Globe Investment Trust of London. In order to meet Globes standards, Waterford found itself having to meet an external standard for return of invested capital. Shortly after that, McGrath resigned as chairman of Waterford Glass. 1985 1989 THE PADDY HAYES YEARS The Waterford Board of Directors announced Paddy Hayes chairman and CEO of Waterford Glass Group in 1985. Hayes had strong experience and managerial know-how. He recognized how the companys various businesses outside of the crystal industry were creating low profits, poor cash flow, and had a lack of commitment toward winning a competitive advantage. These non-core businesses had low market share and were in a slow growth industry, therefore, Hayes knew they had to be liquidated. He then sold the retail division holdings for 7.4 million punts, the Aynsley China division for 19. 7 million punts, and the printing division for 5.7 million punts. Within 18 months, Hayes was able to rid the company of nearly all its debt.Outstanding debt dropped to 22 million Irish punts and the debt/equity ratio was reduced 21% in a year. By 1989 the company, now Waterford Wedgwood, consisted of four divisions all focusing on the manufacturing and sale of crystal and china. ACQUISITION OF WEDGWOOD Although Waterford had sold off all of its non-core businesses, the company still wanted to diversify into other markets similar to the crystal industry. In 1986, Waterford Glass purchased Wedgwood China for 255.5 million punts. Waterford Glass issued ordinary shares of stock to the public in exchange for their share of Wedgwood stock. Fourteen shares of Waterford Glass stock were issued for three shares of Wedgwood China stock that raised 166.6 million punts toward the purchase of Wedgwood. Before the issuance of the shares Ireland owned 42%, more than any other country, of Waterfords stock. After the issuance of the shares, the United Kingdom held 55% of Waterfords stock and Ireland only 35%. Ireland was not the shareholders main concern for the first time. In addition, Paddy Hayes sold the non-core businesses of Wedgwood to reduce the debt even further. Trent Sanitaryware, a company that produced bathroom fixtures, sold for 26. 5 million punts the Ranton Estate, a hunting reserve, sold for 2.8 million punts and two facilities in Australia sold for 2.4 million punts. However, the debt level that was previously zero increased to a level of 67. 3 million punts after the purchase of Wedgwood. Management thought that they could decrease this debt level through savings from the operations of the two companies. Wedgwood China, famous in both British and Japanese Markets for quality, was a 200 year old company based in England. Wedgwood had 18 factories and 6,600 employees while Waterford only had 5,300 employees at the time of the purchase. The company made fine bone china with a high quality image though the market was controlled by porcelain china. The fine bone china attracted people because it was made very thin and translucent giving it a delicate and eloquent appearance. The core competencies of the two companies as well as the strategies were basically the same. Both of the companies used excellent manufacturing skills to gain a competitive advantage over their competitors. Waterford Glass and Wedgwood also had the same international strategies of producing a high quality standardized product for each country to which they distributed. Though the acquisition created high amounts of debt, Waterfords management thought the purchase would be beneficial as a strategic move. Paddy Hayes felt that the two companies could benefit from each other because Wedgwood was striving for the same brand name image of high quality and prestige that Waterford was striving to obtain. Management thought that the image of Wedgwood would complement the products of Waterford and vice versa. Another reason that Waterford thought highly of the acquisition was Wedgwoods channels of distribution. The distributions of the two companies were similar because both sold high quality products through high-end retail shops. Waterford thought that they could reduce distribution costs through a world wide distribution network. Waterford now had access to 150 Wedgwood distribution shops in Britain and the Wedgwood sales network in Japan. Also, Wedgwood increased penetration into other markets by gaining access to Waterfords sales network in the United States. Management wanted to market the products separately but use the same distribution channels to lower the distribution costs for both companies. Waterford estimated that they could save 10 million punts annually with the new distribution network.Unfortunately, the two companies brand name recognition did not benefit one another. Waterfords crystal was the premier brand in the United States while Wedgwoods china image was weakest in the United States. The crystal of Waterford and the china of Wedgwood were both sold in retail shops; however, the crystal was sold at full price with no discounts and the china could not be sold without offering a discount. As a result, the crystal and the china could not be in the same area of the store preventing Wedgwoods name to be associated with Waterfords crystal. The strategy of brand name recognition complementing each other did not succeed in the United States but it did work in Japan. In Japan, Wedgwood had a high quality image while Waterford Glass image in Japan was weak.Wedgwoods base and quality image in Japan increased the image of Waterfords crystal and in turn increased sales. In 1987, all of Japans major department stores carried Waterford crystal.Even with the difficulties surrounding Wedgwoods sales in the United States, Waterford still changed its name to Waterford Wedgwood in 1989. The Wedgwood division consistently contributed operating profits year after year averaging 20 million punts in profits from the mid 1980s to the early 1990s. In addition, the operating expenses for the Wedgwood China division were far lower than the Waterford division. For example, an employee of Waterford Crystal division made three times as much as an employee from Wedgwood. The Waterford division needs to coordinate some of their activities with the Wedgwood division to share knowledge on how to improve their profitability. .u53da76079b967d2fbca843a15fcf8627 , .u53da76079b967d2fbca843a15fcf8627 .postImageUrl , .u53da76079b967d2fbca843a15fcf8627 .centered-text-area { min-height: 80px; position: relative; } .u53da76079b967d2fbca843a15fcf8627 , .u53da76079b967d2fbca843a15fcf8627:hover , .u53da76079b967d2fbca843a15fcf8627:visited , .u53da76079b967d2fbca843a15fcf8627:active { border:0!important; } .u53da76079b967d2fbca843a15fcf8627 .clearfix:after { content: ""; display: table; clear: both; } .u53da76079b967d2fbca843a15fcf8627 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u53da76079b967d2fbca843a15fcf8627:active , .u53da76079b967d2fbca843a15fcf8627:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u53da76079b967d2fbca843a15fcf8627 .centered-text-area { width: 100%; position: relative ; } .u53da76079b967d2fbca843a15fcf8627 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u53da76079b967d2fbca843a15fcf8627 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u53da76079b967d2fbca843a15fcf8627 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u53da76079b967d2fbca843a15fcf8627:hover .ctaButton { background-color: #34495E!important; } .u53da76079b967d2fbca843a15fcf8627 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u53da76079b967d2fbca843a15fcf8627 .u53da76079b967d2fbca843a15fcf8627-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u53da76079b967d2fbca843a15fcf8627:after { content: ""; display: block; clear: both; } READ: Inrony In Pride Prejudice Essay A strong competitive advantage can be gained through the sharing of ideas across all of Waterford Wedgwood divisions. PRESENT CONDITIONS AT WATERFORD At their lowest peak, Waterford reported a one year loss of 21.3 million punts, reflecting high operating costs, unfavorable exchange rates (weak US dollar) and additional provisions relating to stocks and debtors in the United States. It was dreadfully obvious that Waterford Crystal had become over-dependent on the United States market. Also, the loss was caused by exceptional restructuring provisions of 18.4 million punts with the separation of the Wedgwood porcelain product line. Around 1990, at the height of Waterfords problems, the company was near the point of insolvency. Mr. ODonoghue, now Waterfords Chief Executive, was sent to the U.S. to restructure the companys retail business. He spent just under a year in the U. S., which now accounts for about 70% of sales. Mr. ODonoghue said that US sales are likely to continue to account for about 70% of company sales, but it will be a 70% slice of a bigger pie. In 1990, Fitzwilton, U.S. merchant bank Morgan Stanley, and an investment group headed by Dr. Tony OReilly invested 80 million punts for a 29. 9% stake in Waterford Wedgwood the holding company for Waterford Crystal and Wedgwood as part of a financial restructuring. This restructuring included 1990s wage freezes and a new investment scheme that secured over 200 million punts to stabilize the companys finances. Since the 1990 restructuring, the investment group has been steadily recovering from heavy losses. By the end of March 1995, profits have doubled to 22. 6 million punts and the group paid dividends for the first time since 1988. Also, the group appears to be on target to increase profits by at least 20% for the full year.ENVIRONMENTAL AWARENESS Waterford Crystal was one of eight Irish environmental demonstration projects to receive a partial grant from the European LIFE fund. This partial grant was used by Waterford Crystal towards a 2. 7 million punt project that seeks to develop and demonstrate an emission free process for glass manufacturing. The company already meets the highest national and international standards. This move keeps Waterford in line with their strategic objective of being at the forefront of technological development within the industry. In an interim report that ended June 30, 1996, Waterford Wedgwood reported an increase of 28% in profit before taxes and sales rose by 8%. This performance was principally due to record sales in the United States and Ireland. Both markets saw increases of 17% and a further strong contribution from its Marquis brand, which equates for nearly 30% of Waterfords sales. To date, the Marquis brand has not cannibalized sales from the Waterford brand, but sales in western Europe could be characterized as ?difficult conditions.Today, Waterford Crystal employs 1500 people. It has an estimated market value in Ireland worth 12 million punts and its export market value is 50 million punts. Not only has Waterford increased crystal sales in its key markets, it has also transformed the actual business of producing crystal into something of a tourist attraction. The companys factory tours attracted 230,000 visitors last year making it the forth largest tourist destination in Ireland. This year Waterford estimates tourist numbers will rise to 250,000. Furthermore, in 1996, Waterford Crystal has highlighted a campaign where it will specifically target the Northern Ireland market. Currently, Waterford is a distant second to Tyrone Crystal that controls 65% of Northern Ireland.INDUSTRIAL ANALYSIS Threat of new Entrants: There is little threat of a new entrant either coming on the scene or drastically affecting the new market share of Waterford due to the labor intensive craftsmanship needed for the high end crystal market. The Crystal market seems to be heading into the mature market phase that is indicated with slow growth. The demand for high end crystal is already fulfilled by the present companies of Waterford/Wedgwood (Ireland), Lalique (France), St. Louis (France), Baccarat (France) and Orrefors (Sweden).Bargaining power of Suppliers: Power of the suppliers is considerably low due to the relative abundance of the silica, red litharae, and potash, which are the basic ingredients to the sparkling multimillion dollar crystal industry. Bargaining Power of buyers: The bargaining power of the buyer is somewhat high when compared to the necessities of a household. If the customer does not like what they are being shown, for whatever reason, they can simply leave the store without purchasing the crystal. The product that Waterford produces must be of value to the customer to make them purchase it over the competitors crystal. Threat of Substitutes: The threat of substitutes is moderate to low. When purchasing high-end crystal, the question is not one of price, but one of quality. In the US, if you want the best, then there is no substitute. You may select from one of the before mentioned high-end crystal producers, but they are competitors and not substitutes. Intensity of Rivalry: The intensity of rivalry is high, but less so in the United States, where nearly 70% of Waterfords products are shipped. In the United States, Waterford is a household name, so when people look for crystal, they look for Waterford quality. RECOMMENDATIONS nThe Waterford division needs to coordinate their activities with the Wedgwood division to share knowledge on how to improve their profitability. A strong competitive advantage can be gained through the sharing of ideas across all of Waterford Wedgwood divisions. nThey should possibly expand beyond its core business by using brand enhancing. nThey should look at expanding into existing markets such as U. S. (which now represents 70% of sales), Britain, Japan, Australia and Northern Ireland as well as build sales in new markets such as Thailand, Taiwan and South Korea to keep globally competitive. nBeing globally successful will allow Waterford Wedgwood to cope more easily with localized fluctuations in demand and become less dependent on its U.S. market. nThey should improve on operating efficiencies along with the ever increasing cost of their main core competency of skilled labor. nThey should extend the growth rate of its new mid-priced Marquis line of stemware into all market areas. 1012