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Kacey Fine Furniture:
Human Resources Management in the Face of Change
CURRENT SITUATION
Kacey Fine Furniture is a furniture store, which prospered in Denver area thanks to the company’s implementation of progressive human resources policies and profit sharing throughout its four stores. ... 19% in 1994 But considering the sales made in the downtown area Kacey fine furniture’s market share is 13. ...
EXTERNAL FORCES
Kacey Fine Furniture focuses on the effects of changes in the highly competitive environment that resulted from the newly established renovations of the downtown area of Denver and the effects theses changes will have on compensation systems and corporate culture.
The recent changes in the downtown area through shifting its main interest from being a commercial district to being an entertainment center resulted in a clear decline in retail sales and thus threatened the success of furniture retail stores.
Denver’s economy itself started to decline so Kacey Fine Furniture must adjust to this newly economic downturn. ... This owner who refuses to sell the showroom or even let Kacey fine Furniture sublet it to a third party thus the need for Kacey Fine furniture to keep its focus on managing its workforce and making sure they get the adequate sales and marketing tools that will help the company keep the same level of profitability and look forward to doing even better.
ANALYSIS OF STRATEGIC FACTORS
This case tackles the very important concept of devising strategic human resources management tools to assess performance within a company and subsequently install the adequate compensation system.
To a large extent, Kacey fine furniture’s strategy was clearly described and accurately defined. ...
STRATEGIC ALTERNATIVES AND RECOMMENDATION
All these factors made Kacey Fine Furniture’s management very anxious about the future of the business. ... This in addition to the fact that Kacey Fine Furniture is tied with a lease contract that they cannot breach.
Approximate Word count = 1494
Approximate Pages = 6
(250 words per page double spaced)
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