Levitz Furniture: A Case History in the Creation and Destruction of Shareholder Value

1980 ◽  
Vol 36 (2) ◽  
pp. 25-45 ◽  
Author(s):  
William E. Fruhan
2010 ◽  
Vol 8 (11) ◽  
Author(s):  
Darryl G. Waldron

<p class="MsoBodyTextIndent" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="font-family: Times New Roman;"><em style="mso-bidi-font-style: normal;"><span style="letter-spacing: -0.1pt; color: black; font-size: 10pt; mso-themecolor: text1;">A sample of the best manufacturing firms from Industrial Week&rsquo;s Annual Survey of Manufacturers (2008-2009) is analyzed within the context of a value driver matrix and free cash flow regime that link manufacturing to important determinants of shareholder value.<span style="mso-spacerun: yes;">&nbsp; </span>The framework for analysis developed in association with this analysis relies on the format advocated by Rappaport (1998), whereby a manufacturing value driver map is derived that isolates those variables generally accepted as determinant with respect to manufacturing performance.<span style="mso-spacerun: yes;">&nbsp; </span>This map is subsequently used to identify that subset of variables that have the greatest impact on value and, in turn, to focus on those micro-value drivers over which operations management has a meaningful level of control.<span style="mso-spacerun: yes;">&nbsp; </span></span></em><em style="mso-bidi-font-style: normal;"><span style="color: black; font-size: 10pt; mso-themecolor: text1;">If superior performance measured in terms of the micro-value drivers is an avenue to manufacturing excellence and the creation of shareholder value, one would expect to see statistically significant relationships between these predictor variables (micro-value drivers) and market value.<span style="mso-bidi-font-weight: bold;"><span style="mso-spacerun: yes;">&nbsp; </span>Here this proposition is tested by way of</span> a simultaneous reverse entry multiple regression analysis where market capitalization (<span style="mso-bidi-font-style: italic;">V<sub>0</sub></span>) is treated as a function of a set of manufacturing related micro-value drivers.</span></em></span></p>


Contexts ◽  
2003 ◽  
Vol 2 (3) ◽  
pp. 34-40 ◽  
Author(s):  
Gerald F. Davis

“Shareholder value” was the sacred mantra of American business in the 1990s. But creating shareholder value can be a fickle undertaking and corporate executives often followed the lead of their colleagues. The result was a contagion of questionable business practices that resulted in the creation of a corporate bubble—and its implosion.


2018 ◽  
Vol 14 (29) ◽  
pp. 106
Author(s):  
Arianna Di Vittorio

With the passage of time, the offer made by tourism companies has undergone important changes, becoming more and more configured as a unique and memorable consumer experience, able to activate the sensory system of the consumer and to stir up emotions. The experiential marketing27 uses the experiences lived by consumer as marketing tool so as to make the consumer perceive a higher added value, thanks to the involvement of the senses and emotions. Also within the tourism sector, the need to cope with the new needs of tourists led the companies on the road to experiential differentiation. In today’s society, consumption is no longer a private and personal act, but a real “social event” in the sense that a product is purchased not so much for its functional value, as for the meaning it assumes for those who use it or consume it and for its own social relationships. The consumer experience therefore generates a noticeable involvement for consumer and for its own social relations: the individual seeks, for this reason, products and services with a symbolic value, that allow him to fully manifest his personality. “To consume means to satisfy one’s own needs, but also to create and maintain social relationships” (Douglas & Isherwood, 1989). The paper focuses on the role of Tourist Promotion Agencies, particularly on the Agency “Tourism Imperial Apulian”, reference subject for marketing, reception and promotion of Local Tourist System “Puglia Imperiale”, and new reference for creation of a quality tourist experience. The methodology used in the paper is a descriptive empirical analysis; after a view on the variables important to create a valuable experience for tourists and a statistical reflection on the data related to the incoming in Puglia from 2007 to 2014, the Author describes the strategies adopted in the case history. This empirical analysis aims to confirm the promotional validity of the "Puglia Imperiale" Tourist Agency and, above all, to witness the creation of a new territorial identity brand evolved into a real tourism product, through the activity of a Management Agency of the destination.


2021 ◽  
Author(s):  
Gaëlle Vallée-Tourangeau

In this article, I share my experience and my attempt to meet the teaching-research nexus challenge through the creation of a “staff research lab,” to engage my students with my research activities. I do this by presenting a short case history recounting the creation of the lab, its impact on students’ experience and my own.


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