Herman Miller Inc Case Study

” The company’s mission is to make sure that the future of people relies on meeting the requirements and aspirations of a developing worldwide population, while increasing and safeguarding the ecosystem on which every life relies. Herman Miller Inc. offers modular schemes in the Canvas Office Landscape, Layout Studio, Action Office, Locale, Ethospace, Public Landscape Office, and Aras just to mention but a few. Because of the natural capability of the company to renovate itself, it can stay pertinent all through the years in spite of the various recessions including the great depression for many years. With the precise setup, Herman Miller will continue its custom of invention well in the upcoming years. What is more, Herman Miller pioneered the participative management, an outlook by social scientist like Rensis Likert.

Then, the company took on value-based administration actions as a way of linking every worker to the gauging performance, elevating output, and intensifying the company’s value. Identification of the problem Herman Miller Company faced a major problem in its international market. The global market was important since most of its clients were multi-national. This meant that stricter environmental laws made the company realize that it was required to modify its sustainability technique so as to hold the higher ranks of the industry principles. In this case, Herman Miller is a furniture manufacturing company that requires this permission from the state so as to comprehend how to control their air discharges (Khan, Alam, & Alam, 2015). The competitive analysis section of the company plan is dedicated to evaluating the current as well as potential contenders who might enter the market.

A comprehension of the weaknesses and the strengths of the company are necessary to make the business develop. Some of the strengths the company includes the prices of the furniture including their quality. The company produces some of the best long lasting furniture globally. The company also has employees who have high quality expertise. The employees are undergoing training from time to time. Second, weaknesses are the areas that the company needs to make improvements on. The present liquid asset ratio and current asset ration propose that Herman Miller can utilize the funds more adequately than what they are engaging in currently. The company needs to improve on its advertising techniques so that its products can reach as many people as possible.

Strategic Alternatives Business environments are highly vague and senior managers require being supple and inventive to survive. One of the strategic alternatives Herman Miller could use is adjacent businesses (Venkatraman, 1989). This technique involves gaining entry in a niche where a major business is working at its complete potential and producing extra resources. Its benefit is that the company will stress on present client needs to seek development prospects while the disadvantage is that the company may fail if the evaluation of the economic abilities and client preferences are not carried out properly. The company can also use differentiation of products in competitive markets (Venkatraman, 1989). These levels offer companies a rich mixture of strategic options. To implement this recommendation, the senior management needs to recruit qualified consultants today in the company so that the company can gain the needed expertise required to tackle this particular concern at specific times while offering the best underlying results.