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Have You Heard of Herman Miller?OGL 260Unit # 6Ashley MoserFebruary 22, 2016Have you heard of Herman Miller?Herman Miller is a 100-year-old-plus company, founded in 1905, headquartered in Zeeland, Michigan. Since the middle of the 20th century, Herman Miller has been synonymous with “modern” furniture (“Our Story”, 2016). A recognized innovator in contemporary interior furnishings, Herman Miller provides furniture solutions for healthcare, office, educational and residential environments all around the world (“Description”, 2016).Herman Miller is a publically held company (“Our Story”, 2016). They are traded on the NASDAQ Global Select Market under the symbol MLHR. Herman Miller is a profitable company with a current opening day stock price of $25.44 (“Summary”, 2016). This stock price has held steady since the beginning of 2013, after recovering from a substantial drop to $10.08 in February of 2009 (“Interactive Charts,” 2016). In addition to stock price holding steady, their Net Sales are as well. In November of 2015, Herman Miller announced a quarter ending Net Sales totaling $580.4 million, an increase of 2.7 percent from the comparable period in 2014 (“Press Releases”, 2016).Herman Miller has received numerous worldwide awards and recognition. For example, in 2015 alone, they earned their ninth consecutive perfect score in Human Rights Campaign Foundation’s 2016 Corporate Equality Index, were named Best Large Showroom in IIDA/Contract Magazine Showroom and Booth Design Competition at NeoCon and were selected for inclusion in the 2015 RobecoSAM Sustainability Yearbook (“Awards and Recognition”, 2016). For environment related awards, in 2015 alone, Herman Miller achieved their 12th consecutive listing on Dow Jones Sustainability World Index and was recognized with Forest Stewardship Council Leadership (2016). In addition to the listings above, Herman Miller was also recognized and awarded six different notable product related awards (2016). Herman Miller has an excellent product line, and appears to be a great company to work for. In 1950, Herman Miller instituted a formal program of participative management and in 1983, an employee stockownership program (“Operational Excellence”, 2016). As of July 1999, about 16 percent of shares outstanding were held by employee-owners (2016). To keep employees informed of both current and long-term profitability and growth projections, each month they are given the opportunity to review company financials (2016). To remain competitive, Herman Miller uses a respected performance indicator, measurement and compensation system (2016). Herman Miller supports employees being healthy. Employees have the opportunity to participate in a “Level Up Challenge”, tracking their exercise hours, in 2015 participants lost a total of 1,866 pounds (“Better World Report”, 2016). Herman Miller stated eight percent of their employees and 75 percent of employees’ spouses completed a health risk assessment, biometric screening, and a routine physical examination (2016). Not only does Herman Miller care about the company, and their employees, they also care about their community. Herman Miller holds a Herman Miller Academy, which allows students in West Michigan to see and experience career opportunities in manufacturing and gain skills to assist preparing them for the workforce (“Better World Report”, 2016). In May 2014, Herman Miller reached 24,643 hours of volunteering for the fiscal year period (2016). Herman Miller also gives employees an opportunity to be heard through the Herman Miller Cares Program (2016). In this program, five employee-led boards research organizations needing Herman Millers help and contributions in five different areas (2016). These are just a few of Herman Miller’s initiatives to better the community. Others not mentioned above, for which details can be found on their website are these programs: Bath Rugby Foundation, Advocacy in India, Inclusiveness Resource Teams, and Earthright (2016). Herman Miller is not just your everyday furniture design company. Their designs are part of museum collections worldwide and in fiscal 2015 they employed over 7,000 people worldwide (“Press Releases”, 2016). In the fiscal year 2015 the company generated $2.14 billion in revenue and remains a globally recognized company (2016). With steady financials, impressive company values and neat products, if you have not heard of Herman Miller you should definitely check them out. ReferencesAwards and recognition. (2016). Herman Miller. Retrieved from: world report. (2016). Herman Miller. Retrieved from: . (2016). Herman Miller. Google Finance. Retrieved from: charts. (2016). Herman Miller. Yahoo Finance. Retrieved from: {"range":"max","allowChartStacking":true}Operational excellence. (2016). Herman Miller. Retrieved from Story. (2016). Herman Miller. Retrieved from: releases. (2016). Herman Miller. Retrieved from: . (2016). Herman Miller. Google Finance. Retrieved from: ................
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