...research undertaken draws attention to a number of key findings. FINDINGS FROM RESEARCH ****** Introduction Michael Kors has taken the Irish market by storm. However within the recent year sales have dropped from previous years. In this report, we as a team will establish the cause for the fall and why it no longer has the same appeal it had to its previous customers. This report will examine the various competitors Michael Kors has to face with similar price ranges and products. We will do this through secondary and primary research; utilizing such tools as the internet and various articles and books. We will gather feedback from consumers through means of quantitative and qualitative research; such as surveys, focus groups and interviews. Marketing techniques such as word association will be imperative to our research. Once collected, we will analyze our information and identify the key factors which have led to the loss in exclusivity of Michael Kors as a brand. Our team consists of four members: Muireann Barry, Laura Dunphy, Diarmuid Cleary and Eimhin Courtney. Together we as a team chose this brand and worked together to produce this report. Proposal Students: Research Question: How can Michael Kors regain its exclusivity as a Fashion Brand? Company Profile: Michael Kors is a global luxury lifestyle brand with a jet-set austenitic that combines elements of style, elegance and sport. The company was established in 1981 and is led by Michael Kors, a prominent...
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...the government on anyone’s reasons. In their book, “Why Washington Won’t Work,” Marc Hetherington and Thomas Rudolph, argue, “That a contemporary crisis of trust – people whose party is out of power have almost no trust in a government run by the other side – has deadlocked Congress.” It is difficult for a nation leader to pass a legislation when most of Congress is made up of the opposing party. Gerry Myers, a writer for The Huffington Post, states that. After the 2008 election, Republicans vowed to do everything to obstruct President Obama and keep anything he supported from Passing. When the lost again in 2012, “they double down on this philosophy.” This help create a Political mistrust with nothing being accomplished. President Obama has suffered of this division during his presidency since he is a democrat and Congress majority has been republican for the last 8 years....
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...he started to take over a lot of fashion companies. There was an interesting opportunity why he started to focus on Fashion Company. One day, he took a taxi in New York and he asked driver, “Do you know who the president of France is?” The driver couldn’t answer, but he knew a French fashion brand, Christian Dior. After then, he thought a promising business is what people know a lot. In 1984, starting from Christian Dior, he started to took over a lot of fashion companies, such as Louis Vuitton, Chloe, Givenchy, BVLGARI, etc. In July 1988, Bernard Arnault acquired Céline. In 1993, LVMH acquired Berluti and Kenzo In 1994, LVMH acquired the perfume firm Guerlain. In 1996, he bought out Loewe and it was followed by Marc Jacobs and Sephora in 1997, also he bought Thomas Pink in 1999, Emilio Pucci in 2000 and Fendi, DKNY and La Samaritaine in 2001 (Wikipedia.com). His aggressive M&A strategy broke down fashion brands which had...
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...and on TV where a celebrity is caught breaking the law (Celebrity Law Breakers). Loretta Martinez says this is a huge problem and that we hardly ever see any celebrities doing more than a day or two in jail, or paying a fine that is so small it doesn’t make a dent in their wallets (Martinez). Entertainment News also says this is leading to chaos and much dispute about what is going on with our government and law enforcement these days (Celebrity Law Breakers). This is why celebrities breaking the law and not being punished the way they should be is causing disputes about how our law enforcement and judicial system is unfair. Recently in a news article by Loretta Martinez, it is stated that Paris Hilton, Brittany Spears, Jesse McCartney, Marc Anthony, Nicole Richie and many other celebrities have been seen breaking the law and being punished with minimal charges or getting away with no charges at all (Martinez). There are many celebrities who were let go for doing the same crimes that middle and lower class Americans are serving jail time for. Entertainment News asks, how can our government say that “laws apply to everyone,” when everyone knows that many celebrities are clearly above the law (Celebrity Law Breakers)? In 2005, according to The Disaster Center, crimes involving murder rose 4.8 percent, meaning there were more than 16,900 murder victims. That would be the largest percentage increase in 15 years and the most murders since 1998. There is also more than 1 in 100 American...
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...Karr was scheduled to pick up the Jetta at 4:00 pm, her sister by 4:30 pm, and arrive at Lupo’s by 6:00 pm. Both she and her sister had figured that this was more than enough time to get to Boston from Cambridge, load the drums, and make Providence by the appointed hour. Karr made one final sweep of her belongings—she couldn’t find Javier’s Best of Bob Dylan CD, which she had conveniently forgotten to return—then gathered her bags and headed for the Charles Hotel where she expected the Jetta Jericho to be gassed up and ready to go. In Brookline Sal Fishman glanced nervously at his Iron Man-branded “expedition” watch as 3:30 pm approached. He was confident that the watch had helped him communicate vitality and focus during his two-hour interview with representatives of the Simon Property Group, owner of the Chestnut Hill...
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...An Analysis of Accounting Ethics Anna Aspras ACC 770 Proposal Hunter College INTRODUCTION Ethics refers to the discipline that deals with the bad and the good and also with the moral duties as well as moral obligations (Stolowy and Breton 2004). As Weidmann and Lenzen (2006) points out, ethics entails doing the right thing. Accounting ethics is mainly in the area of applied ethics and at the same time, it is also a part of business ethics as well as human ethics. It is worth pointing out that the kind of work that is always carried out by the auditors, as well as the accountants generally needs very huge ethics levels (Stolowy and Breton, 2000). The shareholders of the firms, the potential shareholders, as well as the other people who use the financial statements that are prepared by the accountants generally depend on the annual financial statements of the firms given that they are capable of using the information in making highly informed decisions concerning investments. At the same time, they depend on the accountants’ opinion and the verification of the financial statements by the auditors in order to make sure that the financial statements are giving a true, as well as a fair view of the firm (Weidmann and Lenzen, 2006). It is worth pointing out that the knowledge of ethics is capable of helping the accountants, as well as the auditors to overcome various kinds of ethical dilemmas, and this generally ensures that the correct choice is made though it might not be of benefit...
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...A Much Needed Stipend Your boss is making 7 million dollars per year and driving a luxury car. You, on the other hand, are working hard every day for free and living in poverty. Sure, you have a free place to live with meals and education included, but you have no extra money for other necessities. You did not save enough money in high school and your family does not have money to give you. You are a college athlete. Athletic boosters tempt the athletes with illegal benefits because most do not have money for their own use. The NCAA makes millions of dollars off a college athlete’s performance. The NCAA is a not-for-profit agency that does not operate like one. If college athletes received a yearly stipend from the NCAA, then they might not be lured to take illegal benefits and would have spending money to enjoy the college life experience and pay for needed college items, such as a computer or supplies. For those reasons, college athletes should be paid by the NCAA for the services they provide to their schools. Critics against student athletes being paid believe in the benefits of the athletic scholarship. However, past athletes received improper benefits, financial and otherwise. Reggie Bush accepted improper benefits when he played football for University of Sothern California. According to the article, “Paying College Athletes,” “…current NFL star Reggie Bush-had violated its amateurism rules when his family moved into an expensive home owned by a local...
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...Karr was scheduled to pick up the Jetta at 4:00 pm, her sister by 4:30 pm, and arrive at Lupo’s by 6:00 pm. Both she and her sister had figured that this was more than enough time to get to Boston from Cambridge, load the drums, and make Providence by the appointed hour. Karr made one final sweep of her belongings—she couldn’t find Javier’s Best of Bob Dylan CD, which she had conveniently forgotten to return—then gathered her bags and headed for the Charles Hotel where she expected the Jetta Jericho to be gassed up and ready to go. In Brookline Sal Fishman glanced nervously at his Iron Man-branded “expedition” watch as 3:30 pm approached. He was confident that the watch had helped him communicate vitality and focus during his two-hour interview with representatives of the Simon Property Group, owner of the Chestnut Hill...
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...Why Do Paul Thomas Anderson Movies Demand Multiple Views? By the end of the year, we will have Daniel Day-Lewis' final performance in film and Paul Thomas Anderson's latest piece to watch and re-watch. True to form, Phantom Thread departs from all of Anderson's other work in period, location, and genre: Anderson's explores the milieu of high society and fashion as Day-Lewis depicts a dress designer commissioned in 1950's London. Anderson has made a reputation of being an unclassifiable filmmaker, tackling subjects ranging from capitalism, religion, and the pornography industry. Still, his movies are recognizable. As a director, his eye for patiently mesmerizing visuals draws a stylistic cohesion, whether it's the steady-cam long-shot introduction...
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...S w LOUIS VUITTON1 Manu Mahbubani wrote this case under the supervision of Professor Mary Crossan solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Richard Ivey School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2013, Richard Ivey School of Business Foundation Version: 2013-04-04 SYNOPSIS Moët Hennessy Louis Vuitton (LVMH) enjoyed double digit growth and healthy profitability in 2010 and 2011. A large part of this growth had been driven by its flagship group Louis Vuitton (LV). In 2011, LVMH announced that long-time LV CEO Yves Carcelle would be replaced at the end of 2012 by Jordi Constans, an executive from the French food product multinational Danone SA. However, after serving less than a month, Constans was replaced in December 2012 by Michael Burke, an LVMH insider who had been with the...
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...$6.9 billion (Shetty, n.p.). Bloomberg L.P. was founded by Michael Bloomberg with the assistance of Thomas Secunda, Duncan MacMillan, and Charles Zegar--with a 30% ownership stake put off by Merrill Lynch--in 1981 (Shetty,n.p.). The company provides financial software tools, such as analytics and an equity trading platform, data services and news to financial companies and organizations around the world through Bloomberg Professional Services--its core revenue-generating service. Bloomberg L.P. has grown to include a global news service, including radio, television, the internet and print publications (Shetty, n.p.). Its CEO during its formative years was Michael Bloomberg who exhibited an generally autocratic style of management. D.L. Rogers Corp. is a company based in Bedford, Texas whose primary business consists of owning 54 franchises of Sonic Corp.--the drive-in restaurants that are common in the U.S. Southeast. At Sonic's eateries--which accounted for $44 million in revenues for D.L. Rogers in 2012 — carhops rollerskate out to serve customers through car windows (Ballon, n.p.). Its president and CEO is Jack Hartnett who also has an autocratic management style but is more involved in the lives of his employees than is Bloomberg. Summary of the two management Styles of Bloomberg and Harnett: In “What Should You Say When an Employee Quits,” Michael Hopkins interviews Michael Bloomberg about his management style at his organization....
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...outcomes, we rely primarily on interviews with managers and on internally generated performance data. We compare the results of these analyses to those from analyses of post-acquisition operating and stock price performance traditionally applied to large samples. We draw two primary conclusions. (1) Our findings highlight the difficulty of implementing a successful acquisition strategy and of running an effective internal capital market. Post-acquisition difficulties resulted because: (a) managers of the acquiring company did not deeply understand the target company at the time of the acquisition; (b) the acquirer imposed an inappropriate organizational design on the target as part of the post-acquisition integration process; and (c) inappropriate management incentives existed at both the top management and division level. (2) Measures of operating performance used in large sample studies are weakly correlated with actual post-acquisition operating performance. * University of Chicago and NBER, University of Chicago, and Harvard University, respectively. We especially thank Shel Erikson, Thomas Hix, William Berger, Michael Grimes and Joseph Chamberlain of Cooper Cameron, John Deakins of Cameron Iron Works, and James Ringler and Larry Skatoff of Premark for talking with us and making this study possible. We thank Steven Hoffman, Sherry Roper, and Bradley Thompson for excellent research assistance. Comments from Larry Berlin, Derrick Deakins, Marc Knez, Toby Stuart, G. William...
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...Executive Summery The benefits of lean manufacturing are evident in factories across the world. With a view to achieve performance improvement both the developed and developing countries are practicing lean. In this study nine garment manufacturing companies were selected as sample. A field survey with a semi-structured questionnaire, interviews and site visits were conducted to get necessary lean information from the respondent. These companies were selected purposively to ensure the best possible scenario of lean practices in Bangladesh. The focus of this study is to investigate the improvement of manufacturing performance through lean practice in the Bangladeshi garment industry. The findings indicate that the selected companies have adopted a wide variety of lean tools and techniques and gained many performance improvements. Findings also identified the business challenges that drive the companies to practice lean as well as the areas where changes have been made. It concludes with suggestions for further work. Introduction Today’s global supply chains are, in effect, highly complex networks. They are increasingly vulnerable to disruption which can have significant impact on profitability and shareholder value. Recent research at Cranfield School of Management has highlighted where the sources of risk in supply chains might lie and how that risk might be mitigated and managed by the application of ‘Six Sigma’ philosophies and procedures. [pic] As Supply Chain...
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...The Financial Accounting Standards Board (FASB) governs the preparation of corporate financial reports. This paper will reflect on the FASB conception, its accountability, and members of the board. Furthermore, in many ways, the FASB standards known as generally accepted accounting principles (GAAP), places limitations on business practices and financial reporting requirements; but it is required since accounting standards are crucial in a market where financial information should be transparent, credible, and easy to understand but some would disagree. These standards help protect both the stakeholder and business communities. When and Why was the FASB created you may ask? In 1973, the FASB was created “ to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial reports” (FASB.org, 2012). Those standards are officially recognized as authoritative by the Securities and Exchange Commission (SEC) (Financial Reporting Release No. 1, Section 101, and reaffirmed in its April 2003 Policy Statement) and the American Institute of Certified Public Accountants (Rule 203, Rules of Professional Conduct, as amended May 1973 and May 1979), (FASB.org, 2012). Establishing these standards are extremely important because it effectively provides for an efficient economy when dealing with the allocation of resources to provide a more...
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...90 90 Designing and Building Integrated Digital Library Systems Guidelines By Bente Dahl Rathje, Margaret McGrory, Carol Pollitt, Paivi Voutilainen under the auspices of the IFLA Libraries for the Blind Section. ã Copyright 2005 International Federation of Library Associations and Institutions Acknowledgements This publication, commissioned by IFLA Libraries for the Blind Section, was prepared by: Bente Dahl Rathje, Margaret McGrory, Carol Pollitt, Paivi Voutilainen, The Danish National Library for the Blind, Denmark The Canadian National Institute for the Blind Library, Canada National Library for the Blind, United Kingdom Celia Library for the Visually Impaired, Finland With contributions provided by: Helen Brazier, Thomas Christensen, Barbara Freeze, Rebecca Herrington, Birgitta Irvall, Rosemary Kavanagh, Katariina Kiiliainen, Victoria Owen, Eric Sharf, National Library for the Blind, United Kingdom The Danish National Library for the Blind, Denmark The Canadian National Institute for the Blind Library, Canada National Information and Library Service (NILS), Australia Swedish Library of Talking Books and Braille The Canadian National Institute for the Blind Library, Canada Celia Library for the Visually Impaired, Finland The Canadian National Institute for the Blind Library, Canada The Canadian National Institute for the Blind Library, Canada Designing and Building Integrated Digital Library Systems – Guidelines / By Bente Dahl Rathje, Margaret McGrory...
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