NVR Firm Analysis Essay Example | Topics and Well Written Essays - 500 words

NVR Firm Analysis - Essay Example Its scope of activities though is wide ranging. It not only deals with home construction and marketing of homes, but also other related things such as financing programs, settlement, and title services care of its NVR Mortgage Finance subsidiary. It therefore seeks to cater to every need of the homebuyer. The types of homes NVR builds include single-family detached homes, town homes and condominium buildings. It offers a variety of home designs. It sells about 15,000 homes annually. The sizes of the homes range from 900 sq. ft. to 7,300 sq. ft. The prices range from $60,000 to $2.5 million with an average of $373,000. NVR went through a difficult period in the 1990s when it had to file for bankruptcy. But since then the company has restructured itself and in the 2000s is once again a leading company. In 2004 the company reported solid gains including revenues of $4.3 billion, which was a 17% increase over the previous year. Its big competitive advantage is its branching out into providing financial services because this has really helped the company increase its revenues. In 2005 it was the 10th largest homebuilder firm in the United States. (builderonline.com) NVR now has a 1.32% share of the market compared to Pulte Homes’s 3.61%. (builderonline.com) â€Å"We believe that we operate our business with a conservative operating strategy. We do not engage in land development and primarily construct homes on a pre-sold basis. This strategy allows us to maximize inventory turnover, which we believe enables us to minimize market risk and to operate with less capital, thereby enhancing rates of return on equity and total capital. In addition, we focus on obtaining and maintaining a leading market position in each market we serve. This strategy allows us to gain valuable efficiencies and competitive advantages in our markets which management believes contributes to minimizing the adverse effects of regional economic cycles and provides growth opportunities within

Competitive Benefits Research Paper Example | Topics and Well Written Essays - 1000 words

Competitive Benefits - Research Paper Example Therefore, this discourse kicks off by analyzing the benefits that come with compensation components and ways in which organizations whose employees are unionized can remain competitive. According to the Bureau of Labor Statistics, employees who are represented by a union receive higher salary as compared to the non- union workers. Moreover, they have more access to various benefits such as medical insurance, despite the declining rate of union membership. Research shows that in the year 2001, only 18 million workers were under a union as compared to 16 million workers in the year 2011. Nevertheless, it is without doubt that unions have an affirmative effect on various aspects of job quality such as employee benefits and wages (Long, 2013). Therefore, this treatise focuses on analyzing how a firm whose workers are represented by a union can remain competitive against the non-unionized workers. It will also give limelight to the role of benefits and the components of an employee benefit package. It is without doubt that compensation benefits play a major role in reducing turnover, enhancing productivity, and increasing the rate of morale among workers. Employee benefits are non-wage compensation that is offered to workers in addition to their normal salaries. For organizations that endeavor to hire competitive workers, they have an attractive benefits package that is either monetary or non-monetary. For instance, the monetary compensation benefits can include bonuses, profit sharing, and stock options among others. There are also the non-monetary benefits such as health insurance, pension plans, disability insurance, paid holidays, educational assistance, flexible working hours, sick leave, work at home oriented programs, retirement plans, and dental insurance among others. It is to be noted that such benefits are paramount in attracting, motivating, rewarding, and retaining workers (Reddick & Coggburn, 2012). Research shows that