Accounting

Morgan Furniture is a wholly British, design orientated business, making seating and tables for the contract market from its dedicated 4500m2 factory in Hampshire. They design and produce their furniture entirely in-house and deliver the finished product to the customers using their own fleet of vehicles. Morgan is a passionate exponent of lean manufacture and, through its actions, clearly demonstrates how this approach delivers mutual benefits for company and customer. Significant reductions in waste have produced corresponding environmental gains and cost savings for the customer while, at the same time, operational efficiency has been increased resulting in improved lead times and even higher quality of service and product to the customer.

( Morgan,2010)

They also achieved the BS8555 level 5 accreditation for excellent design innovation. Their achievement is due to the Morgan team which now numbers some 60 people. Morgan has a rich history of success stories that illustrate its dramatic transition from nothing to a significant force in the industry. For many years now the company has been successful in living up to its vision statement:

“To be heroes of our market place as a design- led, world class manufacturer.”

‘Vision’ is defined as a description of what an organisation would like to achieve or accomplish in the future; it is often used to influence the staffs into performing certain actions related to the statement (Smith, Thorne, & Hilton, 2012).

New marketing concepts, High quality products and out of the box manufacturing methods have been the key indicator of customer satisfaction. Morgan has a growing stream of highly satisfied customers as Morgan aims to be creative in order to provide quality furniture into the crowd.

Mission :.

A mission statement describes what an organisation is,and the reason for its existence and being.(Smith et al., 2012).

“To be a leading designer and manufacturer of contract seating, building strategic...