This website uses cookies to ensure you have the best experience. Learn more

Artemis Sportswear Company Essay

1515 words - 7 pages

Final Research Paper
This proposal is designed to assist Artemis Sportswear Company in cutting their operational expenses to increase profit margins, while considering the effect on workers and productivity.
“In the 1970s, athletic sportswear began to evolve from a product line aimed at small and unique markets into a mainstream fashion product” (Clean Clothes Campaign, 2004). Artemis Sportswear Company has helped transform sport shoes and apparel into a fashion statement. Today the “total worth of the athletic apparel and footwear market is estimated at over 58 billion US dollars” (Clean Clothes Campaign, 2004).
Key Problems
In recent years Artemis Sportswear Company has ...view middle of the document...

By affecting the productivity of the remaining employees, Artemis would not increase its profitability; it would result in a profit loss. Thus to avoid such a scenario, Artemis should consider other alternative methods of down-sizing that will cut labor costs and use termination only in cases where it cannot avoid the situation (Manson, 2000).
Rather than spending funds and time devising a plan on how to cut labor, Artemis should focus on its current employees and their talent. The management should survey the employees and evaluate their multiple skills. Recognize the talent and retain the multi talented employees. Now, instead of having two positions, they can be combined into one. Motivating these employees is important for them to remain engaged and focused. Allen, president and chief operating officer of an administrative service and HR company, recognizes that rewarding employees with incentives, such as promotions, keeps them engaged and motivated. Allen (2009) stated, “If employees are afforded the chance to learn new skills and advance in their careers, they are more likely to remain committed to the company and be more content with their jobs, even when more is expected of them” ( Natural attrition: The ‘organic’ way to downsize a company, para. 17). A lot of work, especially new work, can tire and wear out employees. This possible problem has to be immediately recognized by Artemis and immediately be solved. Recognition events, rewards, and challenges are all a good way to keep employees motivated. Genuine smiles and a well-deserved thank you go a long way as well.
Office Supply Expenses
There are several ways for Artemis Sportswear Company to cut operational expenses to increase their profit margin. They could start by switching from name-brand office supplies to generic. Generic office supplies are often the same quality as name-brand office supplies, and many times come in a larger quantity. Artemis could have their letterhead or business cards printed in bulk, as most print shops offer a discount for having something printed in mass quantity. Some shops will even store the bulk of the order and ship it at no extra cost as the business needs it (Kahn, 2007).
Employee Productivity
Another way Artemis Sportswear Company can cut expenses is to evaluate their employees’ efficiency. The employees should be directed to spend their time on the things that bring more profit and add more value to the company.
Also, the company could outsource tasks that do not add value, which would free up more of the employees’ time and enable them to focus on the company’s marketable items or services. Artemis can constantly evaluate their practices and procedures and cost-effectively experiment with new strategies that could potentially bring in more profit and/or cut operational expenses. They should also avoid constant fluctuations in their pricing and stick to prices that will remain nearly the same for longer periods of time: this will...

Other Papers Like Artemis Sportswear Company

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages emphasizing the two images of Kurtz: a barbarous and savage man of an uncivilized society vs. refined gentlemen from civilized Europe. The manager of the ivory company in Africa is essentially the scoundrel of the plot. He is the dark force indirectly responsible for the corruption and decadence in the Congo. Setting is also relevant to the overall theme of the novel. As the plot opens up, Marlow begins to compare the Thames River to the Congo. He

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages his band of brothers and then his brothers try them best to fight in this time battle with French army. Similarly, a good business leader should be able to reinforce the core value of their company through communication with their followers. (Laura, 2013)Leader must make sure that every team members in the organization they receive the same quality amount of information; everyone should be able to see and hear the speech which hold by leader

Cuba Civil Rights

1906 words - 8 pages Picture a country that has limits on how much you can make random government imprisonments and more what do you do. That is the situation for the eleven million seventy-five thousand two hundred forty-four people of Cuba since the takeover of Fidel Castro. The US is opposed to Castro taking control of Cuba. Castro managed to ease the United States nerves when he said that Cuba was against all forms of communism. According to Lana Wylie the Union

US Freight System

1273 words - 6 pages General Environment Each American requires the movement of approximately 40 tons of freight per year across the freight network. This includes everything from shirts to lawn mower to orange juice. • As the U.S. population expands, the U.S. freight system will be called upon to meet the demands of a larger population • Between 2010 and 2035, the system will experience a 22 percent increase in the total amount of tonnage it moves • By 2050, with

Related Essays

Artemis Essay

450 words - 2 pages The Artemis Sportswear Company has experienced many downfalls and many gains since the company has been opened. Especially trying to compete with companies like Nike, reebok, and the new up and comer under armour. On this proposal we are going to try and design a plan to assist Artemis Sportswear Company in cutting their operational costs to increase worldwide profits, while also taking in consideration the effect on workers and their

What Is A Good Resource Essay

903 words - 4 pages ? Last, is the information in the resource needs to be unbiased so that the user is able to evaluate a topic without having a pre-determined stance in support of the authors intent. These are the factors that our team evaluates that with these factors in place a resource can be classified as a good resource. For the week 5 topic, our team has selected to write on:”Formulate a proposal for Artemis Sportswear Company for cutting operational expenses

Artemis Sportswear Proposal Essay

2615 words - 11 pages compensation is touchy for those who are affected, so it is important to handle the changes with compassion, truth, and firmness (p. 1) Making changes to how we conduct training, overtime, outsourcing, as well as employment status and benefits, are going to be a big change that Artemis Sportswear and its employees will have to face. Training One change in training can help the company not rely on specialists that typically demand higher pay than

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were