Mielke wants to expand her business worldwide and also to show every woman to become more confident from inside to outside. She clearly reflects that women can be a good entrepreneur. The H&B used many strategies to keep its business successful. The following are some of their strategies:
To provide world class authentic jewellery.
Skilled and trained workforce to work as well as H&B treats their customers as guests.
Presenting soon-to-be bride with something blue or her mother with sparkle ball earrings was very attractive strategy.
Good relationships maintenance with Tacori to distribute their diamond collection provides better understanding about the fine diamond jewellery and its inventory management which in future open doors for
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Pros:
1) More variety in designs which help to have more collection for current customers and also attract to new ones.
2) Improvement in design according to the change in customer taste. With the previous sales record easy to understand the age-section and their preferences.
3) Not just restricted to one range of product, can design jewellery which can be used frequently for diffent purposes. Cons:
1) More risk for business as H&B is not much popular and competition is high in this industry
2) Might not be as good as previous collection, because sparkle collection of earrings was much liked by the all age groups.
• Building the brand. Pros:
1) Increase in sales because people trust branded products more and prefer to try them.
2) Provide worldwide customers if the brand is more popular and good at customer reviews.
3) Secure from copying of designs, this is the major problem faced by every designer product because low budget businesses provide replica to the customers at low prices. Cons:
1) Less focus on other effective factors like price, quality and age group which also help a business to connect with a wider consumer
Unpolished Gem is a thought provoking tale that explores the journey of Alice Pung from girl to woman. The memoir fluidly transitions between a series of themes and ideas, but through these a constant concept is explored; the cultural divide. Alice’s culture and background are the foundation of every decision she makes and thus, throughout the entire autobiography, the reader observes the implications of this, and often, the divide this creates. The reader perceives the social division Alice’s culture generates and the impact this has on relationships in and out of the home, and also in Alice’s ability to assimilate. Cultural divide is also apparent to the reader when comparing the expectations of Alice’s family to those of her classmates.
- working with working staff to set up strategies, models and frameworks. - Setting client administration measures & assuring that the current standards satisfy the customers & helps retaining them. • Coordinating with the workers themselves can help effectively in setting appropriate models for the procedures & systems because they are the ones who interact directly with raw materials and producing the products, so they would know better if anything in manufacturing needs improvement or so. • It is important to satisfy the current customers in different possible ways in order to retain them which eventually leads in attracting more customers as well.
There are instances in the work where there are questions asked, and either Michael or Bonnie responds. This allows the reader a clear understanding of Michael and Bonnie’s struggles, as well as their vision for their brand. Michael and Bonnie struggled, just as so many other countless entrepreneurs. Throughout the work, there are many pieces of advice given by Bonnie and Michael. Many of these pieces of advice, or “practical nuggets” can be of use to entrepreneurs across all different types of industries.
Jewelry can be seen as good luck charms in the domain of rituals since they are believed to bring good luck to
However, BabbaCo’s business model is based on a strong network effect which falls to the winner-take-all industries. Therefore, upon weighing the pros and cons of the recommendations, BabbaCo. may want to consider the short-term strategy as the immediate action to increase repeat sales. They should validate their business model as soon as possible to scale their business to be the market leader through extending product lines and penetrating a widening market.
Introduction and Company Background The report is about the strategic appraisal of Louis Vuitton which is mainly a French based fashion house and founded by Louis Vuitton in 1854. The report will incorporate a brief background of the company as to its core business emulated by the industry it operates in. The background will further proceed with its geographical markets, the products and services being offered, their makret segments, their imperative stakeholders and what generic strategy is being followed by them.
Weaknesses Most of the toy stores are heavily depend on the seasonal sales (Toy R Us, n.d.). The sales will only boost up during the peak time such as Christmas. Most of the times, manufacturers are unable to make decisions on how much the manufacture need to produce, thus it will lead to wastage, if they overproduce and unable to sell it. There are also cases about the safety of the products, companies would have to recall back all the toys and may get fined.
The purpose of jewelry remains the same no matter if a male or female is wearing it. “Especially in pre-literate cultures, most decoration is a carefully orchestrated collection of signs, each with particular meanings and overtones. As worn, jewelry constitutes a complex statement of social fact and personal fantasy, which other people in the same culture recognize and
The companies in today industry serve a huge competitiveness. Current competitors take advantage of the demands from consumers to earn high profit margins. Fendi is known as a rich brand heritage and is the first global group in luxury product. They are widely recognized for its leathers, furs, watches and bags.
Pizza Hut was established by Dan and Frank Carney in Wichita, Kansas, USA in the year 1958. Pizza Hut Inc. is one of the prevalent pizza companies worldwide. It was a subsidiary of Pepsi Co Inc. from the year 1977 – 1997. It is a wholly owned subsidiary of YUM! Brands since 1997 to present.
UNIQLO, 66-year-old Fashion and Retail industry was established in 1949 in Japan. It is a wholly owned subsidy which was bought by Fast Retailing Co Ltd since November 2005.With its head quarters in Tokyo it has managed to expand its clothing business in fourteen countries globally. An article from the Business Insider says that this Japanese chain has become the envy of retailers worldwide. It started in 1949 in Hiroshima as “Unique Clothing Warehouse”. The words were later joined to make “UNIQLO”.
2. Examine some of the sales strategies in use, observed at the educational institute that allows them to reach their annual financial goal. 3. Compare and contrast the business strategies used in the educational institute and those depicted in the memoir. a) Examine how the business strategies used in the memoir can be implemented into the educational institute in Bangkok.
Product design can fulfil the demands of the customers and they are willing visit the same company again in the future. Referencing to the words of Vonderembse (n.d.),
Weiss: observed that survival of any small business within any industry is due to specialisation of items with shorter production runs or specific niche segments thereby their relative market share is
Consumer compare the prices of brands. And purchase the product with best outcome in low price but in many cases, consumer can pay more for better results. The product has design which attract the customer and easy to carry. Fashion leaders purchase the product which is more stylish and can satisfy their ego. The brand promotion has unique impact on brand image.