Semco Company Essay Example | Topics and Well Written Essays - 5000 words

Semco Company - Essay Example What would be the likely consequences of the changes in the short and medium term? It may help your answer if you consider key differences between your chosen case and Semco. One of the most important characteristics of the firm’s human resources management is the freedom related with the participation of employees in the organizational projects. Employees can choose the type of work that suits better to their needs and their time – referring to the time available on a daily basis for work, an issue particularly important for women with children. Furthermore, the firm’s top management is not accurately informed on the personal details of employees – a fact that could be criticized negatively by theorists and practitioners in the HR management sector. In accordance with the comments of the firm’s owner, R. Semler, ‘we could decide to find out which is which and who is who, but for two good reasons we never bother; first, the employment and contractual relationships are so complex that describing them all would take too much time and trouble; second, we think it’s all useless information’ (case study, p.64). The structure of the firm’s HR management can be compared to the open-source software – everyone can enter the firm and participate in its profits – the performance of each employee is depended on his/ her own ambitions and targets. Rather than trying to monitor employees in all their activities within the organization managers in Semco try to communicate with them quite often and give them the chance to participate actively in the firm’s key strategic decisions. The structure of the firm’s HR framework is not similar with others in the market. In fact, people with limited time or those that were working for the firm in the past have equal chances to participate in the development of the firm’s projects. The firm supports the development of industrial democracy giving the chance to

Chain and Gear Business Expansion Plan 2014 Essay

Chain and Gear Business Expansion Plan 2014 - Essay Example The expansion will include the development of an e-commerce website to increase sells and customer service, development of five new products. The services we currently offer are limited to Used bikes. The new products are new bikes (hybrid and Mountain) from various suppliers, cycling nutrition products such as energy drinks, body armor and Pads from Dainese and finally, accessories and spares. Servicing and maintenance will be offered free for all bikes bought at the shop for a period of 3months from the date of purchase. We expect a gross Margin of 46% on the new products and an expected 40% net margin. The Break-even point is estimated at 710 units. With the changing weather patterns in the UK, sales are expected to be at peak levels in the summer months. Tour De France’s influence on cycling will be important with many communities organizing small events. Chain and Gear will optimize these events to promote its products and increase revenue. The annual expected revenue for 2014 is approximately  £1.7 million, supported by high sales of nutritional products and body armor and pads. Chain and Gear is a sole-proprietorship operating in London’s High Streets of Fulham Road in Chelsea. The company has been in operation for one year and with the increased demand in bicycles, it intends to expand its operations from a small used bikes shop to a high-end value brand with over  £1 Million turnovers annually. This expansion will see an introduction of five new products and a capital injection of about  £70,000. The total cash requirements for the business expansion will be  £84,000. With a capital injection of  £70,000 and credit facility of 60% of start-up inventory, the business will have sufficient cash flow to start.The intended will be funded by a loan of  £60,000 sourced from banks and a  £10,000 cash injection from the owner.