...Ralph Lauren Polo Reward system This firm has adapted a reward system that will maximize employee performance alignment with Polo’s objective and promote fairness to the employees. Therefore, its reward system promotes implementation of organizational goals and compromises personal interests. It leads to motivation of active employees because they are rewarded higher than inactive employees. Clients argue that Ralph Lauren Polo employees possess customers’ relation’s skills because they are trained on selling clothes hence they are rewarded appropriately. Therefore, this system is effective and may lead to expansion of market share and retention of its employees (Spitzer, 2009). Ralph Lauren Polo Business environment The system delivers the value of performance to employees through aligning their goals to the reward system in order to center employees on organizational culture, perceptions and values. This involves positive feedback given by clients, which are compensated as bonuses or rewards. Polo’s reward system is consistent to the organizational culture to promote excellent reputation in the community because human resource is a feature of rewards system (Spitzer, 2009). This reward system equips Polo’s management with tools and strategies to reward employees according to the desired organizational culture. The organization culture of Polo is performance based to promote effectiveness of their reward system and fairness to the employees. This promotes...
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...It starts with an idea s t a g e s o f innovation Best Practices in Brand Extension: Effective Application of Brand Recognition BRAND EQUITY CAN BE DIVIDED INTO THREE COMPONENTS: EXPERTISE, EMOTIONAL ATTACHMENTS AND PRODUCT ATTRIBUTES Brand extensions are an effective and popular method of gaining a competitive advantage when entering a new product area. Consumers are faced with an increasingly complex and confusing marketplace. The ability of a brand to act as a mental shortcut for consumers, thereby simplifying the decision-making process, makes it one of, it not the, most important asset for a company. The ability of a brand to influence consumer behavior, and its subsequent value to companies, will increase as consumers face a growing amount of information in the marketplace. By placing a well-known brand on a new product, a company can imbue that product with all the positive associations of that brand, thereby giving it a competitive advantage. With some estimates of the failure rate for new products at 90%, the added value of being associated with a trusted brand can be critical to a new product’s survival. Given the increasing value of established brands and the difficulty in launching new products, the popularity of brand extensions is understandable. However, the brand extension process must be carefully planned in order to insure the value of the brand is successfully transferred to the extension without jeopardizing the brand’s equity. To do so, a company...
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...countries have experienced a rapid rise in Internet usage in recent history. China, in particular, has seen 40% of its population (or 500M people) connect to the Internet in the past 10 years, and continues to experience an increase in its user base. This large user base, coupled with a rise in wealthy households and per capita spending, is driving a dramatic increase in e-Commerce retail, specifically in the luxury goods space. Consumption of luxury goods in China has reached $9.4B in 2010, second only to Japan in the world. As luxury purchase rates continue to increase in China, luxury fashion brands are investing many resources to understand the customer, develop the market, establish the supply chain, and deliver the products. Polo Ralph Lauren (PRL), in order to continue its growth in China, is expanding aggressively through license reacquisitions and retail store developments. Furthermore, to provide its existing customers with additional products and enhanced services, and to capture consumers who live in cities without access to PRL's brick and mortar stores, PRL has set its vision to develop an e- Commerce business in China. This thesis provides a fundamental understanding of PRL's current business operations and of current e-Commerce fulfillment models for luxury apparel brands in China. An assessment of gaps was also conducted between current fulfillment operations of PRL and those of other luxury brands and 3PLs operating in China, specifically on delivery lead-time...
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...Ralph Lauren Demetria Moore Management 521 September 29, 2011 Machelle Thompson Strategic Initiatives Ralph Lauren’s commitment to originality enabled the company to satisfy customers and gain a global market share. As on of the world leading marketer, Ralph Lauren possesses one of the strongest global brand names recognized in today’s retail industry. The company strategically aspires to develop and increase globally. Ralph Lauren took control of the companies in Asia to benefit from opportunities in up-and-coming markets, for example China, South Korea, and India. Foreign companies are growing interest in luxury markets. Wealthy people in China are willing to spend money on expensive clothing and gaining a desire for luxury product. China’s retail sales have been rising as a household income inspires spending on cars, furniture, and clothing. Asia is the largest target for luxury brands, reporting more sales than any other region. Sales across the world have increased as the strength of the global economy helps consumers in Asia, and China. Consumers spending behavior may reduce because of an increase in fuel, high levels of unemployment, high debts levels may have a negative affect on their income and the company’s growth and profitability will decrease. To retain the existing market share, Ralph Lauren may have to reduce its sales prices, which could affect its margins. Some strategic changes on how to manage Ralph Laurens products is to have direct control over...
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...Ralph Lauren was born by the name of Ralph Lipschitz in New York City on October 14, 1939. He grew up in Bronx, New York City. After high school, he took business classes at night school and worked in sales by day. While working for a tie company, he was inspired to begin designing his own neckwear, and in 1967 he went into business for himself, changing his last name to Lauren and marketing his unique line of ties under the name of Polo. From the inception of his brand, Lauren’s creations were characterized by a moneyed style that evoked the look of English aristocracy, as adapted by the sporty, East-Coast American elite. His first menswear line in 1968 featured classic tweed suits, and his first suits women’s wear line in 1971 continued his explorations of classic tailoring and good taste, but with a feminine twist. In 1972 Lauren debuted what would become his signature piece: the mesh sport shirt, available in a variety of colours and featuring his trademark emblem of the most aristocratic of athletes, the polo player. The Ralph Lauren style became a nationwide phenomenon after he dressed the male actors in the 1974 film adaptation of The Great Gatsby in clothing from his current line. The film's evocation of the lost, elegant era of F. Scott Fitzgerald provided a perfect vehicle for Lauren's classic, sometimes nostalgic, vision. The designer received further attention when he created the clothing for Annie Hall (1977), in which Woody Allen sported traditional oxford button-down...
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...lately, fashion is becoming a thing for over-50 men, appearance is becoming more important to the mature population. The high street is bringing back old fashions that were enjoyed 30 years ago and are still enjoyed today and if you don’t enjoy shopping as a man, there’s always the rise of the internet. Being over 50 doesn’t mean you have to start shopping in supermarkets for your clothing, you want to go back to your youth, without looking like you’re trying to be a teenager. Shops are stocking clothes that are more suitable for mature men. It’s possible to find a vintage looking casual jacket to bring you back to your youth. Suddenly, the older generation are being seen in high street stores that the youthful fashion victims are: Next, Ralph Lauren and Fred Perry are all examples of these. Finally, these clothes are appealing to a wider range of people. Buying clothes from TU at Sainsbury’s and George at Asda is no more and it is more possible to buy clothes that suit everyone needs. Models over 50 are becoming more and more noticed within the high street. Campaigns have been set up using these models in order to increase the customer awareness as well as draw more of the generation in. As our generation grew older, we took less interest in our appearance and more about leisure and taking care of our families. However now fashion has turned and is going back to its old vintage routes, we have took more notice in our...
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...innovations that the major houses are introducing. Then, by using their information system, which are linked to their supplier and the low cost manufacturers the company uses abroad, they can create a new collection in only five weeks and these clothes can then be made in a week and delivery to stores soon after where major fashion houses take six or more month for design. IT also gives Zara instant feedback on which of its clothes are selling well and which countries. Question 2. How has Zara’s business model changed the nature of industry competition? Zara’s business model changed the nature of industry competition like many of other design and retail companies have awakened to the threat posed by companies like Zara. Clothing designer like Ralph Lauren and Tommy Hilfiger have been forced to adopt similar approaches, bringing out new clothes collections several times a year and instituting price markdowns to sell inventory quickly. Question 3. What new strategies have emerged in the fashion industry as a result? Answer - Increasingly, many companies are realizing that a competitive advantage and superior profitable cannot be maintained by brand image alone, all clothing companies must learn to use new strategies to defend their differentiated appeal, something that can be easily or quickly lost in today’s fast-changing global marketplace. Case 2 – (The new HP gets up to speed) Question 1. What kind of multibusiness model is HP pursuing? The new HP is a leading global multibusiness...
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...Got Lots Of Gwop Thats Why Im Arrogant (10 Toes Down) [Hook] In the club boppin' with my niggas All of us rockin' on 'em jiggas (On Them Molly's) You ain't talking money I don't hear ya, you ain't gotta touch me, I don't feel ya That skrilla, that skrilla, boy I'm 'bout my skrilla All my niggas monkey's, we gorillas All my niggas clutchin', we Some hittas Birds on my timeline, call it Twitter [Verse 2] Im Pulling Up On Yo Ass You Owe Me Something Early Morning Riding Round Getting That Money I Ask Them For A Plate They Left Me Hungry So Im Out Here Wilding Out With My Youngins I Need That Skrilla, This Lil Nigga Love That Fetti I Be Smoking Broccoli Mama Told Me Eat My Veggies Polo Down Got Me In Here Flexing Call Me Ralph Lauren I Was In The Projects Stressing I Was Still Riding Foreign Now I Wrap My Wrist With VVS Now Im In Here Pouring You Know The Kid Finnesing He's A Savage Young Boy I Took So Much Of...
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...Overview Burberry is a fashion and luxury company which creation remounts to 1856, when Thomas Burberry opened a draper’s shop in Basingstoke, England. Burberry-lined trench coats, worn by British soldiers in WWI, became a company icon. This brand was highly dependent on licensing and distribution arrangements and had a narrow set of products. Around 1980s the company started making losses because of its old-fashioned products, so in 1997 Rose Marie Bravo assumed the leadership of the company. Bravo and her team had a main objective that was to revitalize the brand, updating the product line, expanding the brand portfolio and creating new advertisement campaigns. Question 1 - Marketing Situation Company: Burberry is a company that nowadays sells a wide range of luxury products; they sell from apparel to accessories as handbags, shoes, hats, ties, and so on, and to licensed products as fragrances or eyewear. The brand is known for its heritage, history and functionality. Burberry wanted to create the image of an accessible luxury. In the 1920s Burberry was introduced as a registered trademark, and was seen as a symbol of luxury and durability, after that by the 1990s Burberry was sold to a British company, Great Universal Stores Plc. (GUS) and by the 1970s GUS management agreed to license the brand in Japan. The product started to grow worldwide, but due to the fact that a wide range of product categories become licensed the products began to vary across markets (price, design...
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...reacting to the shift preferences of customers. (page 4) 4. “The view that an industry is a customer satisfying process, not a goods-purchasing process”(page 19) 5. Growing population and mass production is never a guarantee to increase revenue (page 5) Although Ralph Lauren has a solid foundation and understanding of customer’s style and want at the age bracket of 35 and up, he has yet to solidify a lasting name brand for younger age bracket. Through the discontinued brands such as Polo Jeans and Rugby brand, each attempt by Ralph Lauren did not have a lasting impression. The company’s style is greatly influenced by Ralph Lauren himself. At the age of 75, he still has the last say on what is in and what goes out of lines of product. He determines what is in style with his brand and what which style seems uncharacteristic with Ralph Lauren. According to Levitt on “Without a very sophisticated eye on the customer, most of their new products might have been wrong, their sales methods useless.” (page 2). Ralph Lauren’s view of a younger generation’s style may not be inside the “The world of Ralph Lauren”. The distinct preference of someone at the age level of late teens and early twenties might be large that Ralph Lauren would need to go outside its “world” to connect with younger consumers. In the other hand, to Levitt’s point of exclusion of a product could be a better plan for the company. If the style of the company only makes sense to an older age group, the company should...
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...Ahmad Nader Fasseeh Companies for Profit Microsoft At Microsoft, our mission and values are to help people and businesses throughout the world to realize their full potential. We consider our mission statement a promise to our customers. We deliver on that promise by striving to create technology that is accessible to everyone—of all ages and abilities. Microsoft leads the industry in accessibility innovation and in building products that are safer and easier to use. Claire’s To be a fashion authority and the fun destination, building a comprehensive value proposition, offering a compelling, focused assortment of accessories, costume jewelry and emerging categories targeted to the lifestyles of kids, tweens, teens and young women. Ralph Lauren Redefine American style, provide quality products, create worlds, invite people to take pt in our dreams Samsung We will devote our human resources and technology to create superior products and services, thereby contributing to a better global society'. Apple Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings Non-Profit organization World Bank Our dream is a world free of poverty to fight poverty with passion and professionalism for lasting results. To help people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging...
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...the leader got started and analyze the leader’s three (3) major business challenges in establishing and/or running the company The fashion career of Vera Wang began in 1971, She worked extremely hard eventually earning a position as Senior Editor for Vogue. In 1987, she started working for already established fashion designers like Ralph Lauren, dealing mainly with accessories. Due the frustration of limited options that were compatible to her exclusive taste she began to designed her own wedding gown, commissioning a seamstress to assemble it. “This inspired her to launch Vera Wang Bridal House Ltd., in the Carlisle Hotel on Madison Avenue, New York City”.(bridal house, 2003). Vera decided to target upper class clientele, initially offering bridal gowns by designers such as Guy Laroche, Arnold Scaasi, Christian Dior and Carolina Herrena. Her background spawned her birth as a force to be reckoned with in the fashion world: the discipline she learned from competitive ice skating; the trips to Paris for fashion shows with her mother, as a child; her high-priced education; the mentors she acquired during her career at Vogue and with Ralph Lauren, who broadened her knowledge of fashion. Her background and understanding for the need to fill a niche, in the fashion industry, fuels her passion for designing elegant apparel. A major challenge that Vera Wang faced in establishing her business was managing the four million dollar start-up money that she received from her father in...
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...We are India's most-loved online shopping club and a leader of Fashion & Lifestyle in e-retail space. Since the inception in 2010, we stand today with over 3.6 million member-base across 1200 locations pan-India, and we are also the first ones to achieve over a Million fan-base on social media in the online fashion and lifestyle segment worldwide. fashionandyou.com is a venture of the Smile Group, responsible for other e-commerce initiatives like BeStylish, dealsandyou.com, FreeCultr and Juvalia&You. fashionandyou.com is a part of Brand Alliance, an international organization formed by major private sales companies in Brazil, Turkey, Mexico, Australia, the Middle East, the USA, India, Russia and Switzerland. What we do & How fashionandyou.com gives its members access to the best of international, hi-fashion, lifestyle brands & designer labels at up to 80% off retail. With multiple options for women, men and kids, the offerings include apparel, footwear, accessories, fragrances, watches, cosmetics, home décor & lifestyle products. We bring our members over 15 new sales every day, offering merchandise from 500+ brands through limited-time events. Each sale starts at 9:00 AM sharp and lasts for 3 days on an average. The thorough selection of brands and products, the personalized before and after-sales services, the ease of site navigation and the attention to detail, ensure an offering of exceptional quality to each of our members. Registering as member helps you be prepped...
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...Recommendatory report on www.Goal.com Introduction Goal.com is a media company and website that provides soccer news, entertainment and extensive footage through mobile and internet platforms. Available in more than 18 languages, this largely popular website has a user base spread around 215 countries. Founded in 2004 by Chicco Merighi and former Ferrari, Maserati and Ralph Lauren President and CEO Gian Luigi Longinotti-Buitoni, this football site currently hosts the largest football community in the world, providing users with live scores, match previews, highlights, football betting, editorials, exclusives, breaking news and finally, the latest club news. Link: http://www.goal.com/en-india/ Layout The latest news from the world of football is visible right at the centre of the page with multiple links of related stories at the bottom of the main news area. Live scores are displayed right above the main news area. Below the main news area lays the Goal.com Newsletter where user can get in-depth information about the current events. The right hand side of the site has links related to Team news, player/ manager / clubs official statements. Goal.com also provides videos (match highlights/team news/interviews) at the bottom right. Space for advertisements is well managed at the top and the bottom of the page. Ease of Access There is a clearly highlighted section at the bottom of the page for any user who wants to a find out more about any particular club or player...
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...Marketing Importance of Marketing Marketing is used in different ways in all different types of organizations. The purpose of this report is to define marketing. Marketing will be defined by three different individuals of organizations. The report will also explain the importance of marketing to an organizations success. Finally the report will provide at least three examples of organizations that or successful due to their marketing strategies. Marketing can be defined in many different ways. I define marketing as the process by which companies create customer interest in products or services. It generates strategies that underlie the sales techniques, business communication and business development. It is the part of business that helps get a company noticed. Marketing helps to build customer loyalty and creates value for the customers. The business dictionary defines marketing as the management process through which goods and services move from concept to the customer. As a practice, it consists in coordination of four elements called 4P's: (1) identification, selection, and development of a product, (2) determination of its price, (3) selection of a distribution channel to reach the customer's place, and (4) development and implementation of a promotional strategy (Business Dictionary, 2010). Marketing is based on thinking about business in terms of customer needs and their satisfaction. Another definition of marketing is the social process by which individuals...
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