La-Z-Boy Incorporated India and Philippines Subsidiaries - Essay Example

Conclusion La-Z-Boy has shown significant expansion in the product lines in about 90 years since its establishment in 1920s. Its products are known for their extreme quality and durability. La-Z-Boy has fundamentally managed to be the top producer of furniture in USA as well as many other countries of the world through expanding its business to diverse markets and clienteles. La-Z-Boy consisting of three business units namely, the Upholstery Group, the Casegoods (wood) Group, and the Retail Group is home to hundreds of thousands of employees.

Of the three, the Upholstery Group generates the maximum revenue. The company’s economic outlook is expected to increase in FY2012. Globalization has made La-Z-Boy’s transition in India seamless. India’s sophisticated banking system attracts profitable organizations like La-Z-Boy towards India. La-Z-Boy has strengthened India’s economy by employing local workforce. La-Z-Boy’s business in India can be more beneficial with due assistance of the Association of Furniture Manufactures and Traders (AFMT).

In order to escape risks while working in India, it is recommendable for La-Z-Boy to be well-aware of the various languages, business etiquettes, norms and religious values in India. Mumbai is the most suitable city for La-Z-Boy to establish business in India because of its cultural richness, population and good environment. USA and Philippines are trading partners and USA is a very strong financial provider of Philippines. Since Philippines resembles USA in culture, La-Z-Boy’s working style is consistent with the indigenous culture of Philippines, though the organization may have to tackle the risk of investment in Philippines.

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