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In his second Chapter titled, ”Our Crowded Planet”, Sachs gives a summary of his book. Especially, he divides his idea in six points. First, he states that humanity is gradually getting richer in terms of income per person. Second, he highlights that because the world population will continue to increase the global economy will grow exponentially. Third, he suggest that income will rise more in Asia, so people should look a those markets in order to crate successful businesses.
Question 1: What is FedEx’s “common language” of quality? Is it important for a company to establish a “common language” of quality? If so, why? Answer: FedEx’s “common language” of quality is clearly displayed in the company’s PSP (People – Service – Profit) philosophy which articulates that when people are placed first, service and profit follows. As a matter of fact the company’s “common language” of quality is also reflected in their goals which aim to achieve “100% customer satisfaction, 100% on-time deliveries and 100% accurate information available on every shipment to every location in the world”.
This loyalty between LV and the maharajas established LV’s brand as exclusive and for the wealthy, which grants them a lot of benefits during their target of HNW individuals. I also think that while there is a lot of poverty in India, the middle and wealthy classes are rising. A couple of the statistics provided in the case suggest that India has the world’s second fastest growth in the number of HNW individuals. The “cocooners” are also likely to develop a taste for luxury as they adapt to higher income levels and more lavish spending habits. The case estimates this market at around 97 million people.
Investors in Wal-Mart were aware of the obstacles that the giant retailer would face due to the changing consumer preferences and behaviors. However, the financial reports showcased that its online strategy was successful. At the end of the second quarter in 2017, Wal-Mart reported revenue of $123.4 billion, which was an increment of about 2.1% over the previous year quarter. There was also an increase in comparable sales by 1.8% year over year. Wal-Mart has significantly focused on structuring its online sales, while using its already well-established brick and mortar stores and excellent supply chain and logistics to its big advantage.
Traditionally hits and Blockbusters have been the way to go for the entertainment industry, as they represented the most viable solution for industries in constant need of cash flow in order to fund their newest artist 's album or the printing costs of their future bestseller (Anderson, 2004). However today thanks to the arrival of several big players like Amazon, Netflix or Spotify to name just a few, the balance is shifting towards an economy of abundance where customers have at their disposal an increasing number of products that would have never been accessible in regular retail stores: the long tail (Anderson, 2004). In the graph below (Figure 5) representing the average number of plays-per-month on Rhapsody and the popularity of titles, the Long Tail is represented by the bottom right part of the curve. The graph gives a clear overview of the size of this tail, which almost amounts to the number of plays of the hits and blockbusters also available in conventional retail stores (Anderson,
One to One Mentoring We will invite most experienced businessman or businesswoman of this particular industry in order to boost INFOCOMM employees’ morale via series of regular meetings (often monthly) over a period of at least a year. 2. Group Mentoring During these meetings the mentor encourage their mentee to approach any issues from a particular prospective keeping sight of the long-term vision for the business. 3. Business Support We’ll try our level best to help employees collaborate in innovative ways, giving teams a platform to develop industry-changing applications, and expanding businesses capabilities with expert partners and support. And they’re all designed to work together, anywhere that work happens.
Costs – Lexinat logistics understands that reducing cost in transportation, customs brokerage services and warehousing are key for all customers. For example, transportation routes are maximised for customers to reduce transport costs, as well triangulation techniques being deployed for outbound transport services. Continuous Improvement – Lexinat Logistics has a wide range of continuous improvement strategy. These include the use of innovative IT platforms to make work process easier. Also, employee engagement survey is conducted yearly in order to find out ways by which to help improve internal customer
Indian continent had been the focus market for all major international players owing to the steady economic growth rates and demand for hotels. There is steady growth in the number of Foreign and Domestic tourists in India (Exhibit 5). Many of the hotel chains have recognized the demand supply gap in these markets and have entered the market very early and have ambitious plans to establish hotels in different categories to cater to the growing demand (Exhibit 1). All these international hotel companies were expected to intensify the competitive environment for all Indian hotel companies (Article 1 & Article 2). International hotel chains are not just targeting the luxury and premium segment, but also the upscale, mid-scale, budget and upper
Threats Intensifying Competition in FMCG businesses: ITC faces immense competition in its FMCG business from established companies such HUL, P&G, Patanjali and Dabur. This puts a limit to the market share of ITC. Strict Regulations and Increasing Taxation in Cigarette Business: India’s government continues to keep on increasing the taxes on and changing the regulatory rules of the Tobacco and Cigarette Industry. Since the cigarette business of ITC contributes the maximum profit, the increasing tax is major