Introduction to Management Essay

1. Introduction This report will discuss about company background, country background, SWOT analysis, Pest analysis, Porter’s analysis and give recommendations. At this report the brand chosen is Louis Vuitton. Louis Vuitton Mattenier also known as Louis Vuitton and shorten to LV. The Louis Vuitton label was founded by Vuitton in 1854 on Rue Nueve Des Capucines in Paris, France. As well as the headquarters its self which located in Paris. Louis Vuitton is French house fashion design at that time which becoming one of the world’s valuable brand with 40% profitable (Constant, 2012). 2. Company Background Louis Vuitton is one of the most valuable’s brand in its category which is Luxury in goods. Its products includes of leather goods, handbags, trunks, shoes, watches, jewelry and accessories. Most of people adorned with the LV monogram which designed by well known designer and easily noticeable with simple live style as the idea. Louis Vuitton with a brand Value of $28.4 Billions in USD with a sales of $9.4 Billions (Reuters, 2013). 3. Country Background Louis Vuitton headquarters is located in Paris, they had open many outlets all around the world and Singapore have 3 big outlets and the latest which located in Marina Bay Sands that open unique â€Å"island† store that will â€Å"float† on the water. Singapore it’s a developed country which also attract tourist from other countries to come to visit as a traveler as well as shopper. The three outlets can be found in Takashimaya, ION and Marina Bay sands. 4. SWOT Analysis Swot analysis are the shorten words of Strength, Weaknesses, Opportunities and Threats. SWOT analysis are mainly used for a company to build their outlets/factory in overseas to extend their products and profits. 4.1 Strength Brand Value ( the brand is one of the oldest fashion houses with more than 150 years) Easily recognizable (the logo and monogram)  The brand has it own outlets in most of the large shopping center. Well known Designer Custom Tailored available for elite customers 4.2 Weakness The Shops only available in exclusive stores making it difficult for developing countries The most expensive price compare to other competitors Rarely to give discounts to customers 4.3 Opportunities The company needs to make new current fashion trends Large market for luxury goods Celebrity attractions Synergy between brands/merger 4.4 Threats Financial crisis Competitors Increased market for counterfeit products Resources are decreasing 5. PEST analysis 5.1 Political and legal The anti-counterfeiting trade agreement (ACTA) aims to establish and international legal framework for targeting counterfeit goods. Where as in Singapore has become one of the biggest shopping country in Asia, furthermore Singapore is a Bureaucratic country and extremely centralized, with 17% corporate tax, less tax regimes; investors are not subject to  capital gains tax, dividend tax, and foreign exchange controls (Mehamer, 2013). On august 9 1965 Singapore became and independent nation and consistently increased their economy, by maintaining their productivity with a stable government and has severe laws in place and due to strict governance and associated fines less corruption, efficient and transparent government. Singapore has ranked the 1st in the global enabling trade index and 18 FTA with trading partners in their trade policy. 5.2 Economic Singapore itself have a strong economy statistics. It was recorded and the data shown as interest rate:0.2%, Growth rate; 6.90%, Jobless Rate 2.10% and GDP per Capita $37,293 (Mehamer, 2013). This massive record shows that Singapore have strong basis economy in their government. Louis Vuitton with a sales of 7.2 billions in 2012 were involved in Singapore Trade to GDP ratio of 270.8%, and high dependency on global market trends and fluctuations in macro economy. 5.3 Socio-Cultural Singapore citizen with excellent education and healthcare (Sirikan C, 2013). Literacy rate of 92.5% and a multitasking language where they lived as a multinational country that supports every citizens to speak 2 languages, as their mother tongue is Mandarin or English. A significant percentage of non-residents who lived in Singapore with a Gini coefficient index of 48.1 shows that Singaporean can easily adapt with foreign where the employee of the company can interact with customers behavior and promote their products relay on their cultures behavior and difference. 5.4 Technological In the last tens of years ago, technology in Singapore has a massive evolved of their needs. The growth of technology helps Louis Vuitton to communicate with their headquarters, due the change of currency, products release, transactions and supports more efficient. Furthermore it give a huge impact for both companies and countries to safe their times to manage their needs. Whereas Singapore had become a developed country the change of technology to renew their materials use its not problem for them to follow the world trade  business. 6. Porter’s Analysis Porter’s Five Forces Analysis 6.1 Threat of New Entrants LOW; Competitor : GUCCI, Yves Saint-Lauren, Channel, Bally. Jewelry; Montblanc, Bulgari, Cartier, Officine Panerai. Even though LVMH have a strong many competitors Luxury goods, LVMH offer a strong and unique in their products such as; high quality products, well service for every customers and brand value. Furthermore, LVMH has no worries with their competitors they have a loyal customers who always bought the products and advertise to their friends, longstanding commitment to quality and Investment required would be extremely large for those who do businesses. Besides that for a new goods brands wont give an impact to LVMH (Dang, 2013). 6.2 Bargaining Power’s of Suppliers LOW; For a big company LVMH have a Suppliers and subcontractors are required to comply with strict environmental guidelines. Where LVMH needs lots of materials they will have many offers which the company produce the materials with the lowest deals and highest quality needs (Dang, 2013). 6.3 Bargaining Powers of Customers LOW; With branded name and value customers had become the most loyal of companies buyers, from the experience that they ever had, has build the trust and set their mind become a loyal buyer. Fashion is a trend with a strong name LVMH has put their products into the top levels and Louis Vuitton products are never on sale. 6.4 Threats of Substitute Products LOW; High profile luxury goods LVMH brands have high quality products differentiations and believe. 6.5 Rivalry Among Competitors Moderate; In every company will always have their own competitors in this case LVMH are working in Luxury industries in a big scale to have an competitors will always be a positive things to brought new ideas and trends, in fact competitors do not sell exactly same products and different brand value (Dang, 2013). 7. Recommendations To make LV more appealing to the consumers, some products of the brand can be made available only in small quantities, by limiting its production of certain products from time to time, or producing special edition of the same handbag in different markets. LV product could become even more premium, Create products for collection of limited editions, expend the trend by increasing the popularity by adverstiment. Open their outlets store only in high end malls all around the world. To become more premium in their products LVMH may consider to concentrating its business model to production of leather goods only becoming specialist in their interest. 8. Conclusions Louis Vuitton is one of the leading fashion trends industries in the world which has significant every year. Louis Vuitton will always have their loyal customers where they bought their new products, with a strong brand value LVMH has no worries with their competitors. On the other hand due the change of time they have to consider with their resources that year by years will decreased their materials. Louis Vuitton shall put more concern on their weakness in both internal and external put them in the higher level of luxury goods market. They may consider to merge with other company in different products offer to increase and fasten their sales. Working in Luxury markets sales is stable jobs and it wasn’t easy but they have to stable their sales and increase the value to become a premium brand Reference List Constant, J. (2012, 11 02). lvmh. Retrieved 01 14, 2014, from Louis Vuitton: http://www.lvmh.com/investor-relations/lvmh-at-a-glance/executive-committee/ Reuters, T. (2013, 11 02). World’s Most Valueable Brands. Retrieved 01 14, 2014, from Forbes: http://www.forbes.com/companies/louis-vuitton/ Mehamer, C. (2013, 09 13). http://prezi.com/bin1bd1_2zt1/pest-analysis. Retrieved 01 29, 2014, from http://prezi.com/bin1bd1_2zt1/pest-analysis Sirikan C, r. (2013, 07 28). A Cultural & Economic Analysis of Singapore for making Market Entry Decisions. Retrieved 01 29, 2014, from Slide Share: http://www.slideshare.net/SrikiranCRai1/a-cultural-economic-analysis-of-singapore-for-making-market-entry-decisions Dang, A. W. (2013, 01 23). Louis Vuttion Moet Hennessy Presentation. Retrieved 01 29, 2014, from SlideShare: http://www.slideshare.net/mraldang/louis-vuttion-moet-henness

Greek or Shakespearean Essay

The essential component to any tragedy, Greek or Shakespearean, is a protagonist with a fatal flaw. In Greek tragedy this is called hamartia. This Latin term translates directly into the word â€Å"flaw† but is usually used to describe an excess of a personality trait – virtue or vice. The protagonist’s fatal flaw pushes the the plot and action of the tragedy forward. It is this tragic flaw, which leads to the eventual downfall of the character, his circumstances, and the denouement of the drama. In examining the bulk of the literature’s protagonists, no other character embodies the essential role of the flawed protagonist like Hamlet. Hamlet’s fatal flaw is his idealism. Only once Hamlet overcomes his idealism is he able to seek his revenge. The climax of the play occurs with Hamlet’s realization that the world is not as it seems and that he must shrug off his idealistic values and avenge his father’s murder Act 3, scene 4. In Shakespeare’s Hamlet, act 3 scene 4, is a pivotal scene within the play. The scene begins in the Queen’s chamber, as Hamlet slams the door open, with sword in hand. They engage in a dialogue of riddles combined with Hamlet’s mishandling of the weapon makes the Queen uneasy. Hamlet is upset at the Queen for marrying his father’s brother. The Queen screams â€Å"Thou wilt not murder me? Help, ho! † and as Polonius responds, Hamlet promptly shoves his sword into the curtain where Polonius hides and swiftly kills him. Hamlet wonders if it was the King, half hoping that it was Claudius, who Hamlet has been trying to kill the whole play. He fantasies about killing him, in the previous scene, he states â€Å"In th’ incestuous pleasure of his bed. † Hamlet is consumed by the idea of Claudius and Gertrude making love. Once he knows that he only killed Polonius he continues to scold him mother. She responds â€Å"†In th’ incestuous pleasure of his bed† and Hamlet replies † A bloody deed. Almost as bad, good mother, As kill a king and marry with his brother. † Again Hamlet contrasts the two brothers that Gertrude has become involved with. Hamlet must avenge his father’s death. In doing so he must not only kill Claudius but also resurrect his father. He does this by outlining how his father’s good qualities compare to his uncle’s bad qualities. Hamlet laments: Look here upon this picture, and on this, The counterfeit presentment of two brothers. See what a grace was seated on this brow, Hyperion’s curls, the front of Jove himself,. . . This was your husband. Look you now what follows. Here is your husband, like a mildew’d ear Blasting his wholesome brother. Hamlet contrasts the two brothers which he claims are completely the opposite. Hamlet believes that Gertrude might has mistaken one for the other. Hamlet continues to verbally assault his mother. Much of what he says is a rephrasing of Hamlet’s first solioquy, â€Å"frailty thy name is woman† as well as Hamlet aggressive behavior toward Ophelia in the nun scene. Act 3, scene 4 is the part of the play when the climax happens. Hamlet must first confront the cause of this murder, Queen Gertrude. It is within in this scene that Hamlet gets his first taste of vengenance and murder when he easily kills Polonius. After this murder, Hamlet decides he can and must kill his father’s murderer, Claudius. However, Hamlet’s leaves his mother alone because his father’s ghost appears and advises Hamlet to â€Å"Leave her to heaven†. Hamlet respects and loves his father in life and also in death and adheres to the ghost’s advice. Hamlet’s goal is to bring back his father’s reign not just by pointing out Claudius’ faults but also by humiliating his mother and her new world to trash. Hamlet continues: Have you eyes? Could you on this fair mountain leave to feed And batten on this moor? Ha, have you eyes? Hamlet is trying to convince his mother give up her new life with Claudius, to find her loyalty to her dead husband, and back to the way things used to be. Hamlet takes the role of â€Å"scourge and minister,† and tells her she can redeem herself from being a whore to being the good wife she used to be. Hamlet advises her to leave Claudius, â€Å"the moor† and climbs up on her dead husband’s â€Å"mountain†. Hamlet explains â€Å" throw away the worser part† of your cleft heart, Hamlet instructs her, â€Å"And live the purer with the other half. † However, Hamlet, as much as he wants to love his mother, can not get past his belief that she is responsible for his father’s death. It is important to note that this scene takes place in the Queen’s bedroom. The conversation symbolized Hamlet and Gertrude essentially â€Å"in bed† together and hints to a sexual relationship. Hamlet speaks like a jealous lover chastising his girlfriend for sleeping with a different man and making their bed â€Å"enseamed†. The Queen is extremely upset and actually asks Hamlet to help her figure out what to do. At this point when Hamlet should have told her to confess, he urges her to stop her relationship with Claudius, â€Å"Not this, by no means, that I bid you do: Let the bloat king tempt you again to bed† (Act III, sc iv). It is in the moment that Hamlet allows his emotion to dominate over his intellect that Claudius was killed. He is consumed by the thoughts of his father’s demise and is haunted by the knowledge that his father’s soul will not be able to rest until his death is avenged. Hamlet willfully concludes, â€Å"My thoughts be bloody or be nothing worth† (Act IV sc iv). It is then that Hamlet finally had the ability to suppress his idealistic nature, and do what is right. The murder is not a well planned scheme and occurs in the heat of the moment. Hamlet, after the murder of Claudius never once wavers in his decision. He has done what is right and believes that â€Å"There is a special providence in the fall of a sparrow† (Act V sc ii). Hamlet is able to do anything but take vengeance upon the man who did away with his father and has taken his father’s place with his mother. The pain which should have caused him to take immediate revenge was replaced by pity for himself. It is Hamlet’s idealistic nature that creates the ultimate theme and driving force behind all the rising action, falling action, and resolution of this tragedy as well as the death of his mother. The way in which Hamlet views his mother, father, and Claudius is finally revealed in Act 3, scene 4. Once Hamlet is able to be honest about his feelings, he is able to finally seek revenge for his father’s murder. This scene is pivotal to denouement of the play and essential to Hamlet’s transformation from a boy to man who embodies the important qualities which were cherished and expect by an Elizabethan audiences.

Tokyo Disneyland Case Study Example | Topics and Well Written Essays - 4500 words

Tokyo Disneyland - Case Study Example 3. To recognize how the differences of Tokyo Disneyland to other Disneyland theme parks in terms of the themes and features of the park. 4. To examine the visitor statistics of Tokyo Disneyland. 5. To know how Tokyo Disneyland maintain the Japanese culture in the park. Statement of the Problem The study intends to investigate the success of Tokyo Disneyland in terms of culture, compared to other Disneyland theme parks. Specifically the study intends to answer the following questions: 1. How does the management of Tokyo Disneyland promote the park to the Japanese market even if there is still a touch of American culture 2. What are the differences of Tokyo Disneyland to other Disneyland theme parks in terms of the participation of staff 3. What are the differences of Tokyo Disneyland to other Disneyland theme parks in terms of the themes and features of the park 4. How does Tokyo Disneyland maintain the Japanese culture in the park Conceptual Framework / Theoretical Framework This study will apply the input-process-output (IPO) framework. Originating form the Industrial Revolution, the IPO model has been applied to various fields-from manufacturing to communications to computer programming. (Harris & Taylor, 1997) The IPO model is a design of how different input, intermediate, and output variables form causal relationships in a system. (Walliman, 2001) In the IPO model, a process is viewed as a series of boxes (processing elements) connected by inputs and outputs. Information or material objects flow through a series of tasks or activities based on a set of rules or decision points. (Walliman, 2001) Flow charts and process diagrams are often used to represent the process. (Walliman, 2001) What goes in is the input;... With continuous effort and perseverance to make the study a success as well as the support of the people who have helped in the project, the research was completed. For the future researchers that will have to undergo a series of data collection methods, it should always be keep in mind the possibility of incidents and instances that will hinder the execution of the research. Be prepared for the worst scenarios that could happen during field work whether the case concerns the participants, the location, the time and the gatekeepers. It is easy to find common elements between Disneyland and Disney films in all parts of the park. For example, it is well known that Disney made only one gate to Disneyland, against advice from amusement park experts. To Disney, the entrance gate and the beginning part of a movie are the same. From the gate, visitors head toward the shopping mall, where each store is a three-story house with a facade, similar to those of a small American city in the late nineteenth century. These facades reduced in various degrees, detach visitors from outside reality and bring them into the world of nostalgia. As a similar scenography is also used on streets that stretch from the entrance to the central plaza, the scene inside the park is put in a frame, and the street is long enough for visitors to transform themselves into inhabitants of Disney’s world. The recommendation of this study is for Tokyo Disneyland to maintain representing the rich culture of Japan in Tokyo Disneyland since this i s what their market needs.

The law of contracts and the law of torts Essay

The law of contracts and the law of torts - Essay Example Hadley v. Baxendale involved millers whose crankshaft had broken, and they called upon the defendants to deliver a crankshaft to repair. The defendants delayed sending the crankshaft to plaintiffs for seven days when it was only supposed to take two. The plaintiffs milling operation ceased during the period this seven day period. Therefore, the plaintiffs sued for profits lost during the five extra days that the crankshaft was not delivered. The court ruled that the plaintiffs could not recover such loss, as it could not fairly and reasonably be considered to arise naturally from the breach. Hadley established the basic rule for how to determine the scope of consequential damages arising from a breach of contract, and this rule is that parties should only be liable for all losses that ought to have been contemplated by the contracting parties, and those that arise naturally, in the ordinary course, from the breach. Hadley's basic rule regarding damages was modified to the composite t est of â€Å"reasonably foreseeable as liable to result† in Victoria Laundry (Windsor) Ltd v Newman Industries Ltd (1949). Victoria Laundry regarded a laundry which ordered a boiler from Newman Industries. Newman Industries delivered the boiler five months late. During this period of time, Victoria Laundry had to forego a lucrative contract with the ministry of supply, due to the Victoria Laundry's limited laundry cleaning capacity, which was a result of not having the boiler.

Cognitive and Human Performance Assignment Example | Topics and Well Written Essays - 250 words

Cognitive and Human Performance - Assignment Example In this specific situation, MENTAL IMAGE is used. In order for me to tell you where my alarm clock stays in my bedroom and how it is angled relative to my bed, I need to create a mental picture or visualization of my room. 4. You are looking to purchase a hybrid car the runs on fuel and electricity. Your friend excitedly tells you about a new Toyota model. However, based on her description, you immediately recognize that it’s not a hybrid. SCHEMA is being used in this specific situation. Since my friend’s description of the â€Å"New Toyota Model† contradicted what you know about it or your â€Å"prior knowledge† on the description of a hybrid car, you concluded that she is not talking about a hybrid car. In order to explain how does it work, I need to know that if ever I’ll be sending my friend in Spain an email, most probably, my friend will receive it â€Å"real time†. Since I’ll be using prior knowledge to explain it, SCHEMA is used in this situation. Gentner and Stevens’ Mental Model (1983) proposes that Mental Models provide humans with information on how physical system works. In this specific situation, my friend rationalized that she started experiencing migraines since she drank red wine four days ago, thus, she uses MENTAL MODEL however she does not know the scientific explanation why her body reacted that

Tragedy of Mariam Essay Example | Topics and Well Written Essays - 4750 words

Tragedy of Mariam - Essay Example Today many wives always want to have same position with their husband, so that they always have conflict with each other. Why they always have conflict? There are number of answers for this question, but it very difficult for us to come on a final conclusion. When we look towards sixteenth century's society or even before that time it is seen wife and husband lived together very well. They had lesser conflicts. Many wives would obey their husband when their husbands order them to do everything. What different images of the wife between sixteenth centuries and today? In most societies during the twentieth Century, new ways of analyzing traditional gender roles have begun to evolve out of a variety of movements both within art and culture studies and communications. Semiotics, or the study of signs has emerged as one of the most "powerful cultural analysis tools of the twentieth Century†. Semiotics has been used to document and support traditional gender roles within a variety of cultures. The signs of Husband and Wife respectively, have undergone huge ideological shifts in some parts of the world, however within American society they still often used to represent a system of values and a distribution of power that have remained relatively unchanged despite recent eras of social progress. This is illustrated fairly well in the movie "Amores Perros" as the terms Husband and Wife are utilized throughout the movie as signs that represent and suggest traditional values and gender roles that are still based on signified characteristics from the time of the Conquistadors.

Information Technology- Information Retrieval Annotated Bibliography

Information Technology- Information Retrieval - Annotated Bibliography Example In this article, Chowdhury, Gibb and Landoni assess the ease at which a group of users is able to access information from a given source. This article is supported by a quantitative analysis conducted on users to support the necessity of considering uncertainties in the design of an information system. This article is useful in my case since it justifies the need for conducting studies on information retrieval and the possible risks involved. This article is a documentation of the development in the computing industry and the strategies implemented in adapting to changes in the field. Liu, McMahon and Culley describe the processes that led to the development of SDR technology. In the article, the authors explain the reasons behind development of the information retrieval (IR) technologies, such as incompatibility of files between the traditional and modern systems. This paper justifies the existence of the SDR in the engineering filed and its purpose in information retrieval. This article provides information on the challenges that led to the development of a better-structured information retrieval system. According to Tu and Seng, works involving IT technologies in the education sector is one of the fastest growing ventures. The article in question represents a collection of ideas from comprehensive studies in the information technology filed. The article by Tu and Seng is an attempt to congregate information on the information retrieval subject with considerations to current operational systems. The intelligence gathered exposes the need for continued studies in the information retrieval field. This article is useful in my study for it shows that perfection in the information retrieval subject has not yet been attained, there exists challenges. The article presents an exhaustive tutorial on the basics of applying information retrieval techniques to acquire useful information on a