...Why has Madonna experienced sustained success over the past two decades? 1. Vision. Madonna has demonstrated a clear commitment to super-stardom goal that was pursued with single mindedness throughout her career. Other dimensions of her life have been either subordinated to or absorbed within her career goals. Rather than wait for industry trends, she has acted to shape the world around her. 2. Deep understanding of consumers and the industry environment. Madonna has developed her strategy through a deep and insightful appreciation of customers and the music industry. Critical to her continuing success has been a deep understanding of the ingredients for sustaining popular appeal. The frequent reinvention of her style and sound has reflected an acute awareness of changing styles, social norms and attitudes in a fast clock-speed industry. 3. Leveraging competences and addressing weaknesses. Madonna has been able to exploit her abilities to develop and project her image and to exploit emerging trends, while protecting areas of weakness. Her weaknesses have been more than compensated for by her use of an extensive network of support personnel, including musicians, technologists, producers, dancers, and designers. Her personal relationships have often been important in building her career. 4. Consistent Implementation. Without consistent implementation, even the best strategies are unlikely to succeed. Madonna has surrounded herself with individuals and organizations...
Words: 328 - Pages: 2
...Introduction: * Andre Pires opened automobile store (Quickfix Auto Parts) 5 years ago * Worked as a technician, parts department manager for over 15 years * Doubled his store size by the third year * Worried about past two years (net income had been negative and cash flow decreased) * Wanted to improve this situation before suppliers found out * Hired a student from the finance department of university´s business school to find arguments for the bank to get loan in the future 1. How does Quickfix´s average compound growth rate in sales compare with ist earnings growth rate over the past five years? Compound growth rate in sales: Net salest+1-Net sales(t)Net sales(t) =annual growth rate in sales 2001 to 2002: = 0.0917 2002 to 2003: =0.191 2003 to 2004: =0.12 2004 to 2005: =0.16 9.17+19.1+12+164 = 0.141 average annual growth rate in sales The average annual growth rate is 14.1% earnings growth rate: Net incomet+1-Net income(t)Net income(t) 2001 to 2002: =0.374 2002 to 2003: =-0.907 2003 to 2004: =-8.73 2004 to 2005: = 0.994 Net income decreased from 16634$ to -102$ 2.Which statements should Juan refer to and which ones should he construct so as to develop a fair assessment oft he firm´s financial condition?Explain why? * Balance sheet picture of a company * refer to balance sheet and income statement shows revenue the company earned * shows financial strenght * make comparisons...
Words: 322 - Pages: 2