Premium Essay

Environment Analyses of Lv

In: Business and Management

Submitted By tovyvy
Words 1784
Pages 8
ENVIRONMENT ANALYSES

3. Global/Regional economic environment
Purpose of analysis: The economic environment consists of economic factors that affect consumer purchasing power and spending pattern. The economic environment can offer both opportunities and threats.
No company can avoid the influence of fluctuations in the global economy. And when you're in a developing market, the understanding of the economy is essential. Some elements of the economic environment (The divide between rich and poor purchasing power differences in social class, the market area, the stage of the economic cycle, the volatility of prices of some items such as gasoline, oil, gold) directly affect the purchasing power and consumer tastes, which determines the business results of the company.
Changes and effects: * Opportunities:
Living up to the world is big opportunity for LV. An increase in the wealthy class can lead to an increase in the ability to pay for items worth far as Louis Vuitton wholesale. For developing countries, previously, LV is a luxury item and overly almost can rarely afford. In Vietnam, the first store opened in 1997 is challenging and adventurous with LV. But back here in 2005, Vietnam had LV is developing very fast. Vietnam's economy is booming. Vietnam Consumers spend money more and more for the product on the essential. They enjoy life, travel overseas, go to theaters and fancy restaurants. The country has now opened the door, people know more about the fashion trends through magazines and media. So the fashion industry is developing rapidly. Yves Carcelle, President of Louis Vuitton Malletier Corporation, commented "We believe that Vietnam will continue to grow and will become a major market for luxury goods brand in the coming years. Less than a year or two more, on Dong Khoi Street, Ho Chi Minh City will be the 5, 6 store brand.Take a look at the...

Similar Documents

Premium Essay

Case Study - Vertu, Gucci, Lv

...key requirement of a luxury consumer. The consumer bases their purchasing decisions mainly on the aura of the brand and completion of their ‘actualization needs’. Therefore, aura of the brand is more important than exclusivity. A luxury consumer is always looking for newer ways to satisfy their inconsistent wants and needs. Therefore, it is important for Gucci, LV and Vertu irrespective of their exclusivity and geographical presence to research and give their consumers major importance, to be successful in the fashion or high-end market. This report will aim to discuss the key success factors of Gucci, LV and Vertu that have impacted on their brand image and exclusivity. Furthermore, it gives a detailed explanation supported with examples on how they achieve their elitism. It then discusses the problems and obstacles if these three brands wanted to establish themselves in global markets. The report also discusses their current status and performance in countries such as India, Honk Kong and more. Regiocentric and Geocentric marketing approaches are two international marketing strategies that can help Gucci, LV and Vertu whilst entering a new geographical location. The two practices...

Words: 1846 - Pages: 8

Premium Essay

How to Write a Good Value Chain Analysis

...validity of the proven technique of value chain analysis has been rigorously tested, therefore, it does not require the user to have the same in-depth knowledge as the originator of the model (Macmillan et al, 2000). The first step in conducting the value chain analysis is to break down the key activities of the company according to the activities entailed in the framework. The next step is to assess the potential for adding value through the means of cost advantage or differentiation. Finally, it is imperative for the analyst to determine strategies that focus on those activities that would enable the company to attain sustainable competitive advantage. It is important for analysts to remember to use the value chain as a simple checklist to analyse each activity in the business with some depth (Pearson, 1999). The value chain should be analysed with the core competence of the company at its very heart (Macmillan et al, 2003). The value chain framework is a handy tool for analysing the activities in which the firm can pursue its distinctive core competencies, in the form of a low cost strategy or a differentiation strategy. It is to be noted that the value chain analysis, when used appropriately, makes the implementation of competitive strategies more...

Words: 3447 - Pages: 14

Premium Essay

Land Price

...Introduction Nowadays house price is becoming increasingly important, as residents should take the house price into consideration when they plan to buy a house and policymakers should make regulations on real estate market based on house price. Therefore, the determinants of house price are becoming increasingly important. However, some misunderstandings still exist,such as the real relationship between house price and land price. The author will elaborate on the relationship mentioned above from the following two aspects. From the aspect of microeconomics, due to some reasons like changing jobs to other cities or deciding to change the living environment, people may buy a new house to start their new lives. Some individuals like to take convenience and quality of environment into consideration, and they may prefer some more comfortable places that have a good public transport service or short distance to CBD (Central Business District). According to the study of the relationship between New York vacant land price and location by Atack (1998, pp.151-172), the author concludes that the distance from city hall and land price have an inverse relationship. Thus, if they want to choose a place that may provide many conveniences, they cannot probably afford the house because of the high price of land. Then they may be always likely to regard land price as a sole determinant as land and house have a strong relationship regardless of other factors. Therefore, a concept may be......

Words: 2916 - Pages: 12

Free Essay

Relevance of Income Levels and Income Components for Determining Firm Value

...Working Paper Series Serie 4 Societies and social change Paper No. 4.01 Labour Market Developments and Social Welfare Hermine Vidovic* * The Vienna Institute for International Economic Studies 2013 www.grincoh.eu This paper was funded under the FP7 project “Growth– Innovation – Competitiveness: Fostering Cohesion in Central and Eastern Europe (GRINCOH)” under the Programme SSH.2011.2.2-1: Addressing cohesion challenges in Central and Eastern Europe; Area 8.2.2 Regional, territorial and social cohesion. Project Nr. 290657 Hermine Vidovic vidovic@wiiw.ac.at Vienna Institute for International Economic Studies www.wiiw.ac.at Please cite as: Vidovic H., (2013), ’Labour Market Developments and Social Welfare’, GRINCOH Working Paper Series, Paper No. 4.01 Labour Market Developments and Social Welfare Abstract Employment and activity rates in the new EU Member States (NMS) declined significantly up to the early 2000s and started to increase along with strong GDP growth thereafter. Job losses following the outbreak of the economic and financial crisis varied substantially across countries and have not been offset yet. Overall, the low educated and the young people are very disadvantaged on the NMS labour markets. With the exception of Poland and Slovenia, non-standard types of employment are uncommon in the NMS, following the pattern of Southern EU countries. Employment protection legislation has been adjusted to ‘European standards’ in......

Words: 16363 - Pages: 66

Free Essay

Ocb and Predicting Factors

...Organisational Citizenship Behaviours: A Review of Theoretical and Empirical Literature on Predicting Factors and Suggestions for Future Research. In today’s competitive business environment organisations constantly strives for achieving excellence by enhancing employee’s efficiency and effectiveness. One way, organisations can achieve this objective is through Organisational Citizenship Behaviour (OCB) (Bolino & Turnley, 2003; Organ, 2006). Organ and colleagues first conceptualized OCB in 1988. Organ (1988, p.4) defined OCB as “individual behaviour that is discretionary, not directly or explicitly recognised by the formal reward system, and that in the aggregate promotes the effective functioning of the organization.” Researches have identified numerous dimensions of OCB (Podsakoff & MacKenzie, 1997). Organ (1988) suggested a five-factor model composed of five dimensions; altruism, courtesy, conscientiousness, civic virtue and sportsmanship, which most conceptualisations of OCB are based on. Altruism refers to behaviours that involve helping another person, such as helping a colleague with a heavy workload. Courtesy involves being polite and courteous to prevent work related problems, for example, informing a coworker or a change that may affect them introduced by you. Conscientiousness refers to doing more than just the minimum to prevent and minimize error, in terms of attendance and punctuality. Civic virtue refers to employees genuine concern and interest in......

Words: 4044 - Pages: 17

Premium Essay

Ban on Electronic Ciggrete

...57008 Federal Register / Vol. 76, No. 179 / Thursday, September 15, 2011 / Proposed Rules carriers with aircraft that have a designed seating capacity of 19 or more passenger seats. DATES: Comments should be filed by November 14, 2011. Late-filed comments will be considered to the extent possible. ADDRESSES: You may file comments identified by the docket number DOT– OST–2011–0044 by any of the following methods: • Federal eRulemaking Portal: go to http://www.regulations.gov and follow the online instructions for submitting comments. • Mail: Docket Management Facility, U.S. Department of Transportation, 1200 New Jersey Ave., SE., Room W12–140, Washington, DC 20590–0001. • Hand Delivery or Courier: West Building Ground Floor, Room W12–140, 1200 New Jersey Ave., SE between 9 a.m. and 5 p.m. E.T., Monday through Friday, except Federal Holidays. • Fax: 202–493–2251. Instructions: You must include the Issued at Washington, DC, on September 8, agency name and docket number DOT– OST–2010–XXXX or Regulatory 2011. Identification Number (RIN) for the LaTanya R. Butler, rulemaking at the beginning of your Acting Deputy Committee Management comment. All comments will be posted Officer. without change to http:// [FR Doc. 2011–23634 Filed 9–14–11; 8:45 am] www.regulations.gov, including any BILLING CODE 6450–01–P personal information provided. Privacy Act: Anyone is able to search the electronic form of all comments DEPARTMENT OF TRANSPORTATION received in any of our dockets by the name...

Words: 5839 - Pages: 24

Free Essay

Human Resource Accounting

...HUMAN RESOURCE COSTING AND ACCOUNTING VERSUS THE BALANCED SCORECARD: A LITERATURE SURVEY OF EXPERIENCE WITH THE CONCEPTS1 Ulf Johanson, Gunilla Eklöv, Mikael Holmgren, Maria Mårtensson2 6FKRRO RI %XVLQHVV 6WRFNKROP 8QLYHUVLW\  à Uurà ƒ…r†r‡Ã ƒ…‚wrp‡Ã v†Ã ‚rà ‚sà †r‰r…hyà †ˆiƒ…‚wrp‡†Ã vÃ ‡urà H@SDUVHà Hrh†ˆ…vtà D‡htviyr†Ã ‡‚à Vqr…†‡hqà hq D€ƒ…‚‰rÃD‚‰h‡v‚Ã Hhhtr€r‡à ƒ…‚wrp‡à Uurà hv€Ã ‚sà ‡urà H@SDUVHà ƒ…‚wrp‡Ã v†Ã ‡‚à v‰r†‡vth‡rà ƒ‚††vivyv‡vr†Ã ‡‚à €rh†ˆ…r hqà …rƒ‚…‡Ã v‡htviyr†à 6‡Ã ‡urà ƒ…r†r‡Ã ‡v€rà vrà ˆv‰r…†v‡vr†Ã hqà …r†rh…puà v†‡v‡ˆ‡r†Ã vÃ †v‘à @ˆ…‚ƒrhÃ p‚ˆ‡…vr† 9r€h…xÃAvyhqà A…hprà I‚…h’à TƒhvÃ hqà Trqrà h…rà ƒh…‡vpvƒh‡vtà vÃ ‡urà ƒ…‚wrp‡à 6ƒh…‡Ã s…‚€Ã svhpvhyà †ˆƒƒ‚…‡ s…‚€Ã‡urÃ@ˆ…‚ƒrhÃ8‚€€v††v‚Ãsˆqvt†Ã‚sÇurÃTrqv†uƇˆqvr†Ãh…rÂi‡hvrqÃs…‚€Ã‡urÃP@89ÇurÃTrqv†uÃ8‚ˆpvyÃs‚… X‚…xÃGvsrÃSr†rh…puÃIˆ‡rxÇurÃTrqv†uÃHvv†‡…’ÂsÃU…hqrÃhqÃDqˆ†‡…’ÃhqÇurÃTrqv†uÃQˆiyvpÃSryh‡v‚†Ã6††‚pvh‡v‚ 6Ãs‚…€r…Ér…†v‚Ã‚sÇuv†Ãƒhƒr…Ðh†Ãqryv‰r…rqǂÇurÃP@89ÃvÃ (('  ÃUurÃhˆ‡u‚…†Ãh‡Ã‡‚ÇuhxÃGr†ÃTuhƒ†ÃhqÃHh‡‡vÃTx‚‚tÃs‚…Ævtvsvph‡Ãp‚‡…viˆ‡v‚†Ã‡‚ÇurÅr†r‡Ãƒhƒr… +XPDQ 5HVRXUFH &RVWLQJ DQG $FFRXQWLQJ YV WKH %DODQFHG 6FRUHFDUG $%675$&7 In the present paper conclusions are drawn from literature whose goal was to put information on intangibles into financial and non-financial frameworks. The analysis primarily focuses on two concepts: The human resource management oriented concept called......

Words: 31497 - Pages: 126

Free Essay

Life Remnant of Transformer by Measuring Oil Reflectiong

...Abstract Power transformers are one of the most important parts of the power system. Failure of a transformer affects power supply to citizen and affects the income of business sector. Condition monitoring of power transformer is very important. By measuring the furan contents in power transformer oil can give a sign of the power transformer health, using this method is more convenient and economical among all the methods. With the aid of UV-Vis Spectrometer, light absorption and transmission with various furan contents of different power transformers with different ages are measured and compared. The measured results are used to predict the furan contents and remnant life of the power transformer can estimate. Copper dusts added into transformer oil in order to investigate the effect on the light absorption and transmission. The measured results show the impact of copper dust on light absorption and transmission characteristics that can provide indication of transformers remaining health condition. This thesis presents the measurement of power transformers oil samples with different furan contents for remnant life estimation. Key words: Power Transformer, Copper Dust, Transformer oil, UV-Vis Spectrometer, Furan, Health Chapter 1 Introduction 1.1 Power Transformer Figure 1: A basic power transformer. Power Transformers are critical elements in an electrical power system. It is used to step-up or step-down voltage level as needed to serve the......

Words: 7668 - Pages: 31

Free Essay

Swn Jdkjkjje Jne

...Employment News 31 May - 6 June 2014 www.employmentnews.gov.in 21 UNION PUBLIC SERVICE COMMISSION EXAMINATION NOTICE NO. 09/2014-CSP (LAST DATE FOR RECEIPT OF APPLICATIONS : 30/06/2014) DATE :31.05.2014 CIVIL SERVICES EXAMINATION, 2014 (Commission’s website-http://upsc.gov.in) F. No. 1/5/2013-E.I(B) : Preliminary Examination of the Civil Services Examination for recruitment to the Services and Posts mentioned below will be held by the Union Public Service Commission on 24th Aug., 2014 in accordance with the Rules published by the Department of Personnel & Training in the Gazette of India Extraordinary dated 31st May, 2014. (i) Indian Administrative Service. (ii) Indian Foreign Service. (iii) Indian Police Service. (iv) Indian P & T Accounts & Finance Service, Group ‘A’. (v) Indian Audit and Accounts Service, Group ‘A’. (vi) Indian Revenue Service (Customs and Central Excise), Group ‘A’. (vii) Indian Defence Accounts Service, Group ‘A’. (viii) Indian Revenue Service (I.T.), Group ‘A’. (ix) Indian Ordnance Factories Service, Group ‘A’ (Assistant Works Manager, Administration). (x) Indian Postal Service, Group ‘A’. (xi) Indian Civil Accounts Service, Group ‘A’. (xii) Indian Railway Traffic Service, Group ‘A’. (xiii) Indian Railway Accounts Service, Group 'A'. (xiv) Indian Railway Personnel Service, Group ‘A’. (xv) Post of Assistant Security Commissioner in Railway Protection Force, Group ‘A’ (xvi) Indian Defence Estates Service,......

Words: 47693 - Pages: 191

Premium Essay

Strategy Case Studies

...corporate image through sponsorship marketing, etc. He gave a new corporate direction in the form of '10,10,10' goal. However, Korean Air is held up by a slew of challenges. Among which are inefficiencies of - Chaebol system of management, possible clash of its cargo business with its own shipping company, limited focus on the domestic market and growing competition from LCCs. How would Korean Air manage growth as a family-owned conglomerate? The case offers enriching scope for analysing a family business’s turnaround strategies, with all the legacy costs involved. Pedagogical Objectives • To discuss the (operational) dynamics of Korean Chaebols - their influence/ effects on the country’s industrial sector and the economy as a whole • To analyse how family-owned businesses manage the transition phase - from a supplier-driven economy to a demanddriven economy • To identify all the possible reasons for Korean Air ’s turbulent times and assessing whether they are controllable or not • To critically evaluate Korean Air ’s transformation efforts - in terms of growth, productivity and cost cuts, especially the efficacy of '10,10,10' goal in a family-run business • To identify various challenges to Korean Air in...

Words: 71150 - Pages: 285

Premium Essay

Development of Accounting

...Contents 1. INTRODUCTION..................................................................................................................... 2 1.1 Luca Pacioli: Father Of Modern Accounting ...................................................................................... 2 1.2 19th Century – The Beginnings of Modern Accounting in Europe and America ............................... 3 1.3 20th Century – The Development of Modern Accounting Standards................................................. 4 1.4 21st Century – Accounting Regulation in Modern Commerce ........................................................... 4 2. DEVELOPMENT OF ACCOUNTING .................................................................................. 4 3. EVOLUTION OF ACCOUNTING ......................................................................................... 5 4. THE CONSEQUENCE OF DOUBLE ENTRY ..................................................................... 6 5. RECENT GROWTHS AND DEVELOPMENTS IN ACCOUNTING ............................... 7 6. LOOKING TO THE FUTURE ............................................................................................... 8 REFERENCES .............................................................................................................................. 9 1. INTRODUCTION The main objective of this study is to critically review the Origin, Growth and Development of accounting theories and their impacts on financial......

Words: 4587 - Pages: 19

Free Essay

Career Success

...Journal of Vocational Behavior 73 (2008) 242–253 Contents lists available at ScienceDirect Journal of Vocational Behavior journal homepage: www.elsevier.com/locate/jvb A model of career success: A longitudinal study of emergency physicians q Sarah Pachulicz, Neal Schmitt *, Goran Kuljanin Department of Psychology, Michigan State University, 262 Psychology, E. Lansing, Michigan 48824-1116, USA a r t i c l e i n f o a b s t r a c t Objective and subjective career success were hypothesized to mediate the relationships between sociodemographic variables, human capital indices, individual difference variables, and organizational sponsorship as inputs and a retirement decision and intentions to leave either the specialty of emergency medicine (EM) or medicine as output variables. Objective career success operationalized as the number of leadership positions held did not mediate the relationship, but income change and career satisfaction mediated the relationship between the hours worked and years employed in emergency medicine. Work centrality was significantly related to subjective career success more so for men than women and perceptions of success or self-efficacy were positively related to subjective career success for women, but not for men. The expected pattern of women indicating more difficulties with personal time and family time did not emerge; but women did indicate less perceived support from the organization, fewer EM leadership positions, less......

Words: 9732 - Pages: 39

Free Essay

Whirlpool

...Employment News 11 - 17 February 2012 www.employmentnews.gov.in 21 Union Public Service Commission EXAMINATION NOTICE NO. 04/2012-CSP DATED 11.02.2012 (LAST DATE FOR RECEIPT OF APPLICATIONS : 05.03.2012) CIVIL SERVICES EXAMINATION, 2012 (Commission's website - http://www.upsc.gov.in) F. No. 1/4/2011-E.I(B) : Preliminary Examination of the Civil Services Examination for recruitment to the Services and Posts mentioned below will be held by the Union Public Service Commission on 20th May, 2012 in accordance with the Rules published by the Department of Personnel & Training in the Gazette of India Extraordinary dated 4th February, 2012. (i) Indian Administrative Service. (ii) Indian Foreign Service. (iii) Indian Police Service. (iv) Indian P & T Accounts & Finance Service, Group ‘A’. (v) Indian Audit and Accounts Service, Group ‘A’. (vi) Indian Revenue Service (Customs and Central Excise), Group ‘A’. (vii) Indian Defence Accounts Service, Group ‘A’. (viii) Indian Revenue Service (I.T.), Group ‘A’. (ix) Indian Ordnance Factories Service, Group ‘A’ (Assistant Works Manager, Administration). (x) Indian Postal Service, Group ‘A’. (xi) Indian Civil Accounts Service, Group ‘A’. (xii) Indian Railway Traffic Service, Group ‘A’. (xiii) Indian Railway Accounts Service, Group 'A'. (xiv) Indian Railway Personnel Service, Group ‘A’. (xv) Post of Assistant Security Commissioner in Railway Protection Force, Group ‘A’ (xvi) Indian Defence Estates Service, Group ‘A’. (xvii) Indian......

Words: 50586 - Pages: 203

Free Essay

Ethical Behavior on Managers

...Table of Contents EXECUTIVE SUMMARY 1 1. OVERVIEW 3 2. PROGRAM REQUIREMENTS 3 3. PROJECT DELIVERY ACTIVITIES 5 4. PROJECT ORGANIZATIONAL STRUCTURE 7 5. PROJECT IMPLEMENTATION APPROACH 9 6. PROJECT SCHEDULE 11 7. PROJECT EXPENDITURE 12 8. PROJECT STAFFING 13 ANNEX 16 BASIC ASSUMPTIONS 16   Executive Summary Purpose: The purpose of this document is to provide an overview of the Smart Metering (SM) implementation Program with a particular focus on the scope elements, organization and approach to deliver on time and on budget. Mission: The smart metering (SM) Program mission is to successfully install a safe, reliable, and cost-efficient smart meter solution for greater operational efficiency, customer reliability and, energy efficiency. Smart Metering System: it consisting of Smart meters – two-way communications-enabled meters that capture the amount of power consumed when it occurred – plus metering telecommunications and an Automated Data Collection System. Program Delivery Scope: The scope consisting of overall activities and services including project management and controls such as inspection and quality control; revenue meter deployment; customer complaint handling; administration and contract management; information and data coordination, stakeholder engagement and community communications. Organizational Structure: An organizational structure has been designed to facilitate delivery of the smart metering (SM)......

Words: 4261 - Pages: 18

Free Essay

Influence of Home Video on Youths in Nigeria

...TITLE PAGE TRENDS OF NEGATIVE THEMES IN NIGERIAN HOME MOVIES (A STUDY OF FOUR HOME MOVIES) BY OGBONNIA CHINAZA. C MC/2006/118 A PROJECT PRESENTED TO THE DEPARTMENT OF MASS COMMUNICATION, CARITAS UNIVERSITY, AMORJI-NIKE, ENUGU. IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE DEGREE IN MASS COMMUNICATION JULY, 201 DEDICATION I dedicate this work to God Almighty for his unfettered love. He is the only guide to my life and studies and he dispenses his grace freely. Also to my parents Mr. and Mrs. Joseph Ogbodo Ogbonnia and my brothers Arinze, Nnamaka, Chukwunonyerum, I remain grateful for their moral and financial support. ACKNOWLEDGEMENT I wish to acknowledge and appreciate all who fired the flame in one way or the other. First, I thank God, the almighty father who has given me life, knowledge, wisdom and strength to accomplish my work. My special gratitude goes to my head of Department, Damian. U. Agboeze who despite his crowded daily programme as the HOD would readily attend to his students and his fatherly advice. My immense gratitude also goes to my supervisor Justina Obi who devoted her time to supervise, correct and criticize this research work to make it a reality. I can never forget the service of my lecturer, Ferdinand Obasi, who made......

Words: 10702 - Pages: 43