1905
Produce bedroom suites
Company value :
"all workers as individua ls with
1927
special talents and potential."
1942
Scalon Plan :
-"principles of equity and justice for
everyone in the company.
1950
Go global
1960 1970
Aqua Chair launched
1982
Transparency Performance
Organizational
Values
A Better World Inclusiveness
Foundations Design
Management
- Herman Miller Living Ofce - living room design ofce space
- 10% pay cut on Jan 2009 for BOD, and on March 2009 for the other
employee
- Cooperative advertising
- i.e. : Hilton Garden Inns, some rooms were equipped with Herman Miller's Mirra
chairs. On the desk in the room was a card that explained how to adjust the chair
for comfort and listed a Hilton Garden Inn website where the chair could be
purchased.
Retirement
Compesation
Income Plan
Standard Benefits Extensive Benefits
- Eligible for all employee Health insurance Gym memberships
- 4% from compesation Dental insurance Health services
Base pay Profit Sharing
- Interest paid quaterly Vision care plans Employee assistance programs
- Can be vested after 5 yr Prescription plans Health risk assessments
Flexible spending accounts
etc
- Length-of-service
- Annual
Finance
Ratios Performance Trends
2006:
- Companys leverage ratio was below the industry average and its times
interest earned ratio was over twice the industry average
- Debt to equity ratio rose precipitously, from 1.18 in 20016 to 47.66 in 2008
2007:
- We rely more on guts and experienced. At the end of the day, its just fine because we have
enough experience. We're not experts, but we're also willing to take risks and we're also willing
to evolve.
- Ideas and other contributions to the success of the team were accepted from all sources.
- Telecommuting
- Continuous
improvement by the
system
Five Forces Model of Competition
Buyer Bargaining Power:
Substitute Products:
- Existing competitors are struggling to earn good profits. So, its a bit
difcult for new entrants
Nia : 2009 lempar saham lagi, kenapa? Apa karena banyak hutang?