abhishreshthaa
Abhijeet S
Pest Analysis On Avery Dennison Corporation : Avery Dennison Corporation (NYSE: AVY) is a major[weasel words] global manufacturer and distributor of pressure sensitive adhesive materials (such as self-adhesive labels), office products, and various paper products.
The company was originally founded in Los Angeles in 1935 as Kum Kleen Products, a partnership of Mr. and Mrs. R.S. Avery. The name was changed to Avery Adhesives in 1937. In 1946 the company was incorporated as Avery Adhesive Label Corp., and the name was subsequently changed to Avery Adhesive Products, Inc. in 1958, and to Avery Products Corporation in 1964.[3] The name was changed again to Avery International Corporation in 1976, and it became Avery Dennison after the company merged with Dennison Manufacturing in 1990.[4]
The company is currently headquartered in Pasadena, California. As of 2008, Avery ranked 376 in the Fortune 500 list with total sales of $6.7 billion. Avery Dennison's pivotal line of products are found in their Pressure-Sensitive Materials segment, responsible for 54% of sales. Avery currently employs 36,000 men and women all over the world, with manufacturing and distribution facilities in over 60 countries. Avery Dennison's first overseas subsidiary was established in Holland in 1955.
The Company operates through four segments:
* The Pressure-sensitive Materials segment manufactures and sells pressure-sensitive roll label materials, films for graphic applications, reflective highway safety products, performance polymers, and extruded films.
* The Office and Consumer Products segment manufactures and sells various office and consumer products, including labels, binders, dividers, sheet protectors, and writing instruments.
* The Retail Information Services segment designs, manufactures, and sells various price marking and brand identification products, including tickets, graphic and barcode tags and labels, woven and printed labels, and related supplies and equipment.
* Other Specialty Products segment provides automotive and industrial products, RFID tags and inserts, specialty tape, security printing and performance films
Avery merged in 1990 with the Dennison Manufacturing Company, located in Framingham, Massachusetts which was founded in 1844 as a jewelry and watch box manufacturing company by Aaron Lufkin Dennison, who later became the pioneer[peacock term] of the American System of Watch Manufacturing. Five years later Aaron turned the Dennison Manufacturing Company over to his younger brother, Eliphalet Whorf Dennison, who took over and developed the company into a sizable[weasel words] industrial enterprise.
The environmental factors are comprised of several differing influences and trends that are considered to be the layers around an organisation. The primary environment of any organisation is its macro-environment or where the organisation belongs in the industry. The PEST analysis is the most comprehensive method of assessing the environment of any organisation. PEST includes the political, economic, social and technological, and provides the organisation with a framework of variety of forces that could affect their operation. The results of this analysis could effectively lead to transforming such forces into strategies that are beneficial for the organisation.
PEST analysis
As claimed, Globoforce is the world’s leading providers of strategic employee recognition programs for Global 2000 companies. Headquartered in Dublin, Ireland, and Southborough, Massachusetts, the company aimed to engage, motivate and empower workforces across the globe. When looking for an outsourcer, Globoforce eyes Asian countries such Malaysia, Hong Kong, China and Singapore.
Political factor
As Globoforce offers the recognition industry’s largest selection of local languages and local reward options, it helps customers in overcoming geographic barriers. When choosing China as an outsourcer, it will require government regulatory approval or rely heavily on intellectual property for the operation to prosper. In addition, if there will be competition locally, the Chinese government will be strict in providing business permits. Nevertheless, Asian countries have greater affinity on China which could mean capturing a market share in Asian companies.
Environmental factor
Many companies may view profit as more important than ethical practice and this can lead them to making illegal decisions and this has been a big contribution to many companies going out of business or losing their entire market share to eco-friendly companies. For instance, outsourcing in Malaysia could mean to favor high performance eco-friendly printing solutions.
Social factor
Globoforce’s objective is local relationships and local rewards worldwide. Employees are given the choice for rewards in their own country that are guaranteed to be timely, cost effective and deliver the highest value for the money invested and always relevant to and desired by the recipient. Rewards of choice are high-value, lifestyle choices of name brands, reinforce a positive association with your company, can involve the family for a higher motivational value and can give to others through charity options. One outsourcing obligation that Hong Kong is sustaining is the preservation of client confidentiality. This is applied in accordance with legal liability and accountability to the clients hence when breached, for instance, should faced with punishment.
Technological factor
Globoforce offers the most advanced and robust global employee recognition technology solution in the industry that is built on a dynamic J2EE platform. Singapore is considered as the second largest outsourcing hub. Singapore's ICT professionals face a tremendous challenge directly competing with outsourced resources on highly technical ICT work such as programming. This could mean that when outsourcing IT services from Singapore, Globoforce should engage in critical selection of service providers.
The company was originally founded in Los Angeles in 1935 as Kum Kleen Products, a partnership of Mr. and Mrs. R.S. Avery. The name was changed to Avery Adhesives in 1937. In 1946 the company was incorporated as Avery Adhesive Label Corp., and the name was subsequently changed to Avery Adhesive Products, Inc. in 1958, and to Avery Products Corporation in 1964.[3] The name was changed again to Avery International Corporation in 1976, and it became Avery Dennison after the company merged with Dennison Manufacturing in 1990.[4]
The company is currently headquartered in Pasadena, California. As of 2008, Avery ranked 376 in the Fortune 500 list with total sales of $6.7 billion. Avery Dennison's pivotal line of products are found in their Pressure-Sensitive Materials segment, responsible for 54% of sales. Avery currently employs 36,000 men and women all over the world, with manufacturing and distribution facilities in over 60 countries. Avery Dennison's first overseas subsidiary was established in Holland in 1955.
The Company operates through four segments:
* The Pressure-sensitive Materials segment manufactures and sells pressure-sensitive roll label materials, films for graphic applications, reflective highway safety products, performance polymers, and extruded films.
* The Office and Consumer Products segment manufactures and sells various office and consumer products, including labels, binders, dividers, sheet protectors, and writing instruments.
* The Retail Information Services segment designs, manufactures, and sells various price marking and brand identification products, including tickets, graphic and barcode tags and labels, woven and printed labels, and related supplies and equipment.
* Other Specialty Products segment provides automotive and industrial products, RFID tags and inserts, specialty tape, security printing and performance films
Avery merged in 1990 with the Dennison Manufacturing Company, located in Framingham, Massachusetts which was founded in 1844 as a jewelry and watch box manufacturing company by Aaron Lufkin Dennison, who later became the pioneer[peacock term] of the American System of Watch Manufacturing. Five years later Aaron turned the Dennison Manufacturing Company over to his younger brother, Eliphalet Whorf Dennison, who took over and developed the company into a sizable[weasel words] industrial enterprise.
The environmental factors are comprised of several differing influences and trends that are considered to be the layers around an organisation. The primary environment of any organisation is its macro-environment or where the organisation belongs in the industry. The PEST analysis is the most comprehensive method of assessing the environment of any organisation. PEST includes the political, economic, social and technological, and provides the organisation with a framework of variety of forces that could affect their operation. The results of this analysis could effectively lead to transforming such forces into strategies that are beneficial for the organisation.
PEST analysis
As claimed, Globoforce is the world’s leading providers of strategic employee recognition programs for Global 2000 companies. Headquartered in Dublin, Ireland, and Southborough, Massachusetts, the company aimed to engage, motivate and empower workforces across the globe. When looking for an outsourcer, Globoforce eyes Asian countries such Malaysia, Hong Kong, China and Singapore.
Political factor
As Globoforce offers the recognition industry’s largest selection of local languages and local reward options, it helps customers in overcoming geographic barriers. When choosing China as an outsourcer, it will require government regulatory approval or rely heavily on intellectual property for the operation to prosper. In addition, if there will be competition locally, the Chinese government will be strict in providing business permits. Nevertheless, Asian countries have greater affinity on China which could mean capturing a market share in Asian companies.
Environmental factor
Many companies may view profit as more important than ethical practice and this can lead them to making illegal decisions and this has been a big contribution to many companies going out of business or losing their entire market share to eco-friendly companies. For instance, outsourcing in Malaysia could mean to favor high performance eco-friendly printing solutions.
Social factor
Globoforce’s objective is local relationships and local rewards worldwide. Employees are given the choice for rewards in their own country that are guaranteed to be timely, cost effective and deliver the highest value for the money invested and always relevant to and desired by the recipient. Rewards of choice are high-value, lifestyle choices of name brands, reinforce a positive association with your company, can involve the family for a higher motivational value and can give to others through charity options. One outsourcing obligation that Hong Kong is sustaining is the preservation of client confidentiality. This is applied in accordance with legal liability and accountability to the clients hence when breached, for instance, should faced with punishment.
Technological factor
Globoforce offers the most advanced and robust global employee recognition technology solution in the industry that is built on a dynamic J2EE platform. Singapore is considered as the second largest outsourcing hub. Singapore's ICT professionals face a tremendous challenge directly competing with outsourced resources on highly technical ICT work such as programming. This could mean that when outsourcing IT services from Singapore, Globoforce should engage in critical selection of service providers.
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