Ashely Furniture and its Business Model

Paper Summary:

Ashley Furniture is a large, continuously growing, and dynamic organization. This paper describes the company's goals according to the outlook of its owners. The author highlights Ashley Furniture's incentive program, such as rewards for employees that strive towards improving their workplace. The paper also explores competition in the market place and how the company deals with it. Charts illustrate the company's growth, and its mission statement is given considerable attention. The author interviewed the president of the company and his comments are an integral part of the paper.

Table of Contents:
Ashley Furniture Industries Report
References
Background
Organizational Structure
Leadership
Culture
Interview Info

From the Paper:

"There are formal and informal rewards for employees. Along with having competitive pay and excellent benefits, there are other programs in place to promote productivity and lower costs. Ashley Furniture can boast of a widely used suggestion program that pays rewards for suggestions that are implemented. There is also a company wide reward payout to all employees for their efforts to reduce levels of scrap and waste. There is a formal awards banquet held every year to recognize top performers. One could argue most employees utilize the suggestion system not for the monetary rewards but to truly improve their workplace. Another monetary reward comes in the form of how employees are paid. Hourly production employees are paid by the piece rate method. This method rewards or pays employees for their productivity. This is not the best system for all employees. The employees who have; the motivation and willingness to continuously improve their efficiencies, do well with this system (Wanek, 2006)."

Sample of Sources Used:

• Furniture. The Wood Furniture Market. (1997) Retrieved October 14, 2005, from the World Wide Web: (http://www.fwco.com/furniture.html).
• Wanek, Ronald. CEO, Ashley Furniture Industries. Interview: February 26, 2006

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