This document provides an overview of Tiffany & Co., a leading jewelry company. It discusses the company's products, target segments, financial performance, physical and human assets. It also outlines Tiffany's social responsibility efforts including its foundation which donates 2% of pre-tax earnings to charity. The company operates globally and its new business environment includes a smartphone app and expanding into markets like Russia.
Tiffany & Co.'s annual report discusses financial results for the fiscal year ended January 31, 2013. Worldwide net sales increased 4% to $3.8 billion but gross profit declined as a percentage of net sales. Net earnings declined 11% to $416 million due to difficult year-over-year comparisons, challenging economic conditions, and product cost pressures. The company added 28 new stores during the year. Tiffany & Co. remains confident in long-term growth potential and plans new store openings, product introductions, and marketing activities for the coming year.
This document provides details for a marketing campaign called "Celebrating a Sizzlin' Summer" to promote events at Fair Grounds Race Course & Slots during the summer of 2017. It includes an industry review of Fair Grounds, current measures of success, competitors, segmentation and targeting, communication objectives, creative strategy and execution plans, traditional and social media strategies, an evaluation plan, budget allocation, promotional items, and a media kit. The goal is to increase summer attendance by 50% through a series of monthly themed events focusing on food, drinks and music. Effectiveness will be measured through event attendance, social media engagement, website analytics and post-event surveys.
Travelucion Media is a Cuban travel company that provides online booking services and proprietary digital media content about Cuba. It has established relationships with Cuba's largest travel suppliers and a back-end booking system customized for Cuba. The company has experienced over 100% annual revenue growth in recent years and sees potential for further growth from American travelers as US-Cuba relations normalize. Investing in Travelucion Media provides exposure to Cuba's growing $3 billion tourism industry with minimal US competition currently due to the trade embargo. The company is led by an experienced management team with decades of expertise operating businesses in Cuba.
This document contains information about Tiffany & Co., including the names of four MBAE students analyzing the company, Tiffany's history and products, financial overview, and analyses using various business frameworks. It discusses Tiffany's brand strength, revenue streams from jewelry sales, and potential threats from competitors like Blue Nile. Porter's Five Forces, demographic trends, mass customization, and Christensen's disruption theory are applied to understand Tiffany's position and recommend expanding their target market.
Desde niño, Sotirio Bulgari mostró pasión por la platería. Fundó su primera joyería en Roma en 1884 y más tarde se mudó a la exclusiva Vía Condotti, estableciendo allí la marca Bulgari. Sus hijos heredaron su arte y pasión, desarrollando sofisticadas técnicas con piedras preciosas que llevaron a la empresa al éxito.
The document provides an executive summary of a capstone report analyzing the macro environment, industry, internal environment, and strategies of Harry Winston Diamond Corporation. It finds opportunities in emerging markets and recommends a website re-launch and new line of diamond sunglasses. The summary outlines strengths in mining integration and branding, but notes the need to improve online presence and serve new target markets.
This document provides an overview of Tiffany & Co., a leading jewelry company. It discusses the company's products, target segments, financial performance, physical and human assets. It also outlines Tiffany's social responsibility efforts including its foundation which donates 2% of pre-tax earnings to charity. The company operates globally and its new business environment includes a smartphone app and expanding into markets like Russia.
Tiffany & Co.'s annual report discusses financial results for the fiscal year ended January 31, 2013. Worldwide net sales increased 4% to $3.8 billion but gross profit declined as a percentage of net sales. Net earnings declined 11% to $416 million due to difficult year-over-year comparisons, challenging economic conditions, and product cost pressures. The company added 28 new stores during the year. Tiffany & Co. remains confident in long-term growth potential and plans new store openings, product introductions, and marketing activities for the coming year.
This document provides details for a marketing campaign called "Celebrating a Sizzlin' Summer" to promote events at Fair Grounds Race Course & Slots during the summer of 2017. It includes an industry review of Fair Grounds, current measures of success, competitors, segmentation and targeting, communication objectives, creative strategy and execution plans, traditional and social media strategies, an evaluation plan, budget allocation, promotional items, and a media kit. The goal is to increase summer attendance by 50% through a series of monthly themed events focusing on food, drinks and music. Effectiveness will be measured through event attendance, social media engagement, website analytics and post-event surveys.
Travelucion Media is a Cuban travel company that provides online booking services and proprietary digital media content about Cuba. It has established relationships with Cuba's largest travel suppliers and a back-end booking system customized for Cuba. The company has experienced over 100% annual revenue growth in recent years and sees potential for further growth from American travelers as US-Cuba relations normalize. Investing in Travelucion Media provides exposure to Cuba's growing $3 billion tourism industry with minimal US competition currently due to the trade embargo. The company is led by an experienced management team with decades of expertise operating businesses in Cuba.
This document contains information about Tiffany & Co., including the names of four MBAE students analyzing the company, Tiffany's history and products, financial overview, and analyses using various business frameworks. It discusses Tiffany's brand strength, revenue streams from jewelry sales, and potential threats from competitors like Blue Nile. Porter's Five Forces, demographic trends, mass customization, and Christensen's disruption theory are applied to understand Tiffany's position and recommend expanding their target market.
Desde niño, Sotirio Bulgari mostró pasión por la platería. Fundó su primera joyería en Roma en 1884 y más tarde se mudó a la exclusiva Vía Condotti, estableciendo allí la marca Bulgari. Sus hijos heredaron su arte y pasión, desarrollando sofisticadas técnicas con piedras preciosas que llevaron a la empresa al éxito.
The document provides an executive summary of a capstone report analyzing the macro environment, industry, internal environment, and strategies of Harry Winston Diamond Corporation. It finds opportunities in emerging markets and recommends a website re-launch and new line of diamond sunglasses. The summary outlines strengths in mining integration and branding, but notes the need to improve online presence and serve new target markets.
This short document promotes creating presentations using Haiku Deck on SlideShare. It encourages the reader to get started making their own Haiku Deck presentation by simply clicking the "GET STARTED" prompt. In just one sentence, it pitches presentation creation using Haiku Deck on SlideShare's platform.
Bvlgari bulgari,history of bulgary jewellers,the origins of the familyGorgias Gorgiasx
The document discusses the origins of the Bulgari family. The family originated from a small Greek village in Epirus, a region known for its historical and mythological traditions. The Bulgari ancestors, known then as Boulgaris, were silversmiths in the village of Kallarrytes in the early 19th century, with their craft being passed down from father to son since Byzantine times. One silversmith, Georgis Bulgari, traveled throughout Epirus and Albania selling his crafts. On one trip he met his wife Eleni in Paramythia, where he opened a small shop and settled down. Their son, Sotirios I Bulgari, born in
This presentation contains the analysis of a prospective acquisition of Bulgari by LVMH. This exercise was done as a part of a case study competition conducted by JPMorgan. The presentation covers various aspects like DCF Valuation, Trading comps, Transaction Comps, Synergy estimation, Acquisition financing etc.
LVMH acquired Bulgari S.p.A. for €4.3 billion in March 2011 to enhance its presence in the jewelry sector. The acquisition was a strategic fit with LVMH's portfolio of luxury brands. It doubled the size of LVMH's jewelry and watch business. LVMH paid a 60% premium on Bulgari's shares, seeing future dividends and ability to improve margins from cost synergies. Analysts viewed it as extending the LV brand logically into jewelry with potential to be a large revenue driver over time.
Christian Dior was founded in 1946 in Paris, France and is known for women's fashion. It is currently headquartered in Paris and employs over 79,000 people worldwide. Christian Dior enjoys strong brand recognition and owns other luxury brands through parent company LVMH, providing access to a large portfolio of prestigious brands. Dior focuses on popularizing its fragrance, makeup, and skincare product lines, targeting customers seeking elegance and distinction.
Successful campaign of Bvlgari on social mediaYu Tang
Bvlgari ran social media campaigns on Chinese platforms Weibo and WeChat as well as Facebook to raise brand awareness among younger users. On Weibo and WeChat, they partnered with celebrities to share brand history and stories. This led to a spike in engagement when two spokeswomen announced their marriages while wearing Bvlgari rings. On Facebook, Bvlgari maintained control of their page to showcase their craftsmanship and artistic collaborations through visual media, gaining some success but less engagement than their Chinese campaigns.
The document discusses the benefits of exercise for mental health. It notes that regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help boost feelings of calmness and happiness.
This document provides an overview of the strategic development of Virgin Group from 2013. It discusses Virgin's origins under founder Richard Branson, its expansion into various industries globally, and its diversified but loosely structured organization. It also examines Virgin's branding as a "consumer champion" and Branson's leadership style. Challenges facing the group are outlined as well as strategies for its future corporate direction given concerns around Branson's eventual departure.
Virgin Inc - Business Case Study - MBA Nabaraj Giri
Sir Richard Banson and Virgin Inc - Business Case Study - University of Northampton, UK , Masters of Business Administration (MBA)
Presentation Papered by: Nabaraj Giri (girinabaraj12@gmail.com)
Virgin Group is a multinational company founded in 1970 by Richard Branson and headquartered in London, England. It operates over 200 companies across various sectors such as travel, finance, music, and telecommunications, employing over 25,000 people worldwide. Richard Branson serves as the company's chairman and continues to lead expansion into new industries. Virgin uses strategic partnerships and branding to guarantee quality across its diverse portfolio of products and services while pursuing both revenue growth and social objectives.
How to develop an effective Business Development StrategyHein Roth
In this presentation, the visitor is introduced to the essentiality of developing a balanced Business Development Strategy for any business. Strong focus is given to the importance of having an effective Inbound Marketing Strategy, some Outbound Marketing Strategies, all with the aim to generate better leads and to drive more business through the front door of one's business. Attention is also given on how to convert leads into actual long-term business relationships.
1. Scion Advisors helps wine businesses build financially viable companies more quickly by developing strategic plans focused on growth, succession, and preparing businesses for potential sale.
2. They take a proven approach using seasoned consultants with experience in the wine industry and other sectors to address challenges like shifting consumption, competition, and costs.
3. Scion has helped over 100 companies achieve outcomes like 50% growth in profits through repositioning brands and channels, and 20% annual growth in EBITDA by restructuring as separate focused brands.
Primark is expanding into Canada by opening its first store at Yorkdale Mall in Toronto in Summer 2017. Primark originated in Ireland and operates 293 stores across Europe selling affordable fashion. It aims to target Canadian millennials through social media promotion and word of mouth while maintaining low prices through efficient operations. Primark will face competition from H&M, Zara and others but sees opportunity in the growing Canadian apparel market and increasing millennial population. It plans to establish brand awareness and gauge market response before potentially expanding further.
This document provides information about the Transforming Retail. Together conference happening from May 16-18, 2017 in Toronto, Ontario. The conference will feature speakers from major retailers like GAP, Overstock, and Reitmans who will share secrets and case studies on ecommerce and omni-channel retail innovation. There will also be presentations from disruptors in the space like Frank + Oak, Rent Frock Repeat, and BuildDirect Technologies. The agenda outlines keynotes and panels on topics like identifying omni-channel trends, reinventing large retailers with a startup mentality, using customer data for tailored experiences, and enhancing customer relationships with brands. The exhibitor list features over 50 retail leaders from companies participating in the event.
Merrill Pereyra is an expert in expanding food and beverage brands globally. The document discusses shifts in the food landscape driven by e-commerce growth and new technologies. While online shopping is increasing, physical stores still attract many customers who enjoy experiences like trying on clothes. Successful retailers offer both online and in-store conveniences. To adapt, malls are becoming lifestyle destinations with activities beyond shopping. Quick service restaurants can benefit from opening in malls due to higher foot traffic and easier permitting. Ultimately, businesses must focus on enhancing the customer experience both online and offline.
Merrill Pereyra is an expert in expanding food and beverage brands globally. The document discusses shifts in the food landscape driven by e-commerce growth and new technologies. While online shopping is increasing, physical stores that provide experiences like activities, restaurants, and services are thriving. Malls must transform into destinations rather than just locations for shopping. Focusing on customer experience through new technologies, activities, and lifestyle experiences can help physical retailers remain relevant in a digital world.
The document provides an overview of Cadbury, including its vision, values, research and development efforts, marketing strategy, and conclusions. Cadbury's vision is to be the world's biggest and best confectionery company. It focuses on growth, efficiency, and capability. The company operates in over 60 countries and has key brands like Cadbury, Trident, and Halls. It invests heavily in R&D and has business units organized geographically. Marketing emphasizes global brands and categories like chocolate, gum, and candy.
Knock On Wood Communications & Events Marketing Plan - Term ProjectSarvanshu Ahluwalia
This marketing plan outlines strategies to increase new client acquisition for Knock on Wood PR (KOWPR). Key issues include a lack of resources which can be addressed by leveraging existing networks and collaborating with freelancers. Marketing objectives are to increase KOWPR's customer base through tactics like developing an optimized website, increasing social media interactions, implementing inbound marketing, and integrating an eCRM system. An integrated marketing communications plan includes interactive content, sales promotions, public relations through community projects and newsletters. Success will be measured by metrics like website traffic, social media reach, CRM engagement, new customers, and net revenue.
Demand Worldwide is a privately held strategy and consulting agency focused on customer experience for brands and retailers. They specialize in unified commerce, digital marketing, loyalty programs, and using customer insights to personalize engagement. Their services help clients transform their organization, strengthen brands, improve customer relationships and maximize lifetime value through approaches like their TribeCasting segmentation method. They also provide expertise on acquiring and engaging the new connected consumer generation and implementing change management strategies for adoption.
Targeted Accelerated Program for Entrepreneurs to grow their businessAmit Chattoraj
Digitization of business is the key to success in the world of digital commerce. With the advent of social commerce business houses are putting their digital strategy, digital marketing, and upgrading their business strategy to meet the market demands. Disruptive technologies need to be brought in to the Agile world of digitization ( IOT, Cloud, Prescriptive analytic, Social, Mobile etc...) to boost business. www.straightforwardconsultants.com
Yupu (Evelyn) Cai, Michelle Jiang, Jiaxin (Jessie) Yu, and Juliana Yu tackled a marketing case presented by Kendra Scott regarding the fashion and jewelry line's Color Bar experience. With only 48 hours, the team researched and developed a comprehensive marketing strategy to enhance the Color Bar experience before presenting their solution to a panel of McCombs Business School professors and Kendra Scott company representatives. The solution was praised for its creative approach and detailed implementation strategy, and the team placed 3rd at the competition.
This short document promotes creating presentations using Haiku Deck on SlideShare. It encourages the reader to get started making their own Haiku Deck presentation by simply clicking the "GET STARTED" prompt. In just one sentence, it pitches presentation creation using Haiku Deck on SlideShare's platform.
Bvlgari bulgari,history of bulgary jewellers,the origins of the familyGorgias Gorgiasx
The document discusses the origins of the Bulgari family. The family originated from a small Greek village in Epirus, a region known for its historical and mythological traditions. The Bulgari ancestors, known then as Boulgaris, were silversmiths in the village of Kallarrytes in the early 19th century, with their craft being passed down from father to son since Byzantine times. One silversmith, Georgis Bulgari, traveled throughout Epirus and Albania selling his crafts. On one trip he met his wife Eleni in Paramythia, where he opened a small shop and settled down. Their son, Sotirios I Bulgari, born in
This presentation contains the analysis of a prospective acquisition of Bulgari by LVMH. This exercise was done as a part of a case study competition conducted by JPMorgan. The presentation covers various aspects like DCF Valuation, Trading comps, Transaction Comps, Synergy estimation, Acquisition financing etc.
LVMH acquired Bulgari S.p.A. for €4.3 billion in March 2011 to enhance its presence in the jewelry sector. The acquisition was a strategic fit with LVMH's portfolio of luxury brands. It doubled the size of LVMH's jewelry and watch business. LVMH paid a 60% premium on Bulgari's shares, seeing future dividends and ability to improve margins from cost synergies. Analysts viewed it as extending the LV brand logically into jewelry with potential to be a large revenue driver over time.
Christian Dior was founded in 1946 in Paris, France and is known for women's fashion. It is currently headquartered in Paris and employs over 79,000 people worldwide. Christian Dior enjoys strong brand recognition and owns other luxury brands through parent company LVMH, providing access to a large portfolio of prestigious brands. Dior focuses on popularizing its fragrance, makeup, and skincare product lines, targeting customers seeking elegance and distinction.
Successful campaign of Bvlgari on social mediaYu Tang
Bvlgari ran social media campaigns on Chinese platforms Weibo and WeChat as well as Facebook to raise brand awareness among younger users. On Weibo and WeChat, they partnered with celebrities to share brand history and stories. This led to a spike in engagement when two spokeswomen announced their marriages while wearing Bvlgari rings. On Facebook, Bvlgari maintained control of their page to showcase their craftsmanship and artistic collaborations through visual media, gaining some success but less engagement than their Chinese campaigns.
The document discusses the benefits of exercise for mental health. It notes that regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help boost feelings of calmness and happiness.
This document provides an overview of the strategic development of Virgin Group from 2013. It discusses Virgin's origins under founder Richard Branson, its expansion into various industries globally, and its diversified but loosely structured organization. It also examines Virgin's branding as a "consumer champion" and Branson's leadership style. Challenges facing the group are outlined as well as strategies for its future corporate direction given concerns around Branson's eventual departure.
Virgin Inc - Business Case Study - MBA Nabaraj Giri
Sir Richard Banson and Virgin Inc - Business Case Study - University of Northampton, UK , Masters of Business Administration (MBA)
Presentation Papered by: Nabaraj Giri (girinabaraj12@gmail.com)
Virgin Group is a multinational company founded in 1970 by Richard Branson and headquartered in London, England. It operates over 200 companies across various sectors such as travel, finance, music, and telecommunications, employing over 25,000 people worldwide. Richard Branson serves as the company's chairman and continues to lead expansion into new industries. Virgin uses strategic partnerships and branding to guarantee quality across its diverse portfolio of products and services while pursuing both revenue growth and social objectives.
How to develop an effective Business Development StrategyHein Roth
In this presentation, the visitor is introduced to the essentiality of developing a balanced Business Development Strategy for any business. Strong focus is given to the importance of having an effective Inbound Marketing Strategy, some Outbound Marketing Strategies, all with the aim to generate better leads and to drive more business through the front door of one's business. Attention is also given on how to convert leads into actual long-term business relationships.
1. Scion Advisors helps wine businesses build financially viable companies more quickly by developing strategic plans focused on growth, succession, and preparing businesses for potential sale.
2. They take a proven approach using seasoned consultants with experience in the wine industry and other sectors to address challenges like shifting consumption, competition, and costs.
3. Scion has helped over 100 companies achieve outcomes like 50% growth in profits through repositioning brands and channels, and 20% annual growth in EBITDA by restructuring as separate focused brands.
Primark is expanding into Canada by opening its first store at Yorkdale Mall in Toronto in Summer 2017. Primark originated in Ireland and operates 293 stores across Europe selling affordable fashion. It aims to target Canadian millennials through social media promotion and word of mouth while maintaining low prices through efficient operations. Primark will face competition from H&M, Zara and others but sees opportunity in the growing Canadian apparel market and increasing millennial population. It plans to establish brand awareness and gauge market response before potentially expanding further.
This document provides information about the Transforming Retail. Together conference happening from May 16-18, 2017 in Toronto, Ontario. The conference will feature speakers from major retailers like GAP, Overstock, and Reitmans who will share secrets and case studies on ecommerce and omni-channel retail innovation. There will also be presentations from disruptors in the space like Frank + Oak, Rent Frock Repeat, and BuildDirect Technologies. The agenda outlines keynotes and panels on topics like identifying omni-channel trends, reinventing large retailers with a startup mentality, using customer data for tailored experiences, and enhancing customer relationships with brands. The exhibitor list features over 50 retail leaders from companies participating in the event.
Merrill Pereyra is an expert in expanding food and beverage brands globally. The document discusses shifts in the food landscape driven by e-commerce growth and new technologies. While online shopping is increasing, physical stores still attract many customers who enjoy experiences like trying on clothes. Successful retailers offer both online and in-store conveniences. To adapt, malls are becoming lifestyle destinations with activities beyond shopping. Quick service restaurants can benefit from opening in malls due to higher foot traffic and easier permitting. Ultimately, businesses must focus on enhancing the customer experience both online and offline.
Merrill Pereyra is an expert in expanding food and beverage brands globally. The document discusses shifts in the food landscape driven by e-commerce growth and new technologies. While online shopping is increasing, physical stores that provide experiences like activities, restaurants, and services are thriving. Malls must transform into destinations rather than just locations for shopping. Focusing on customer experience through new technologies, activities, and lifestyle experiences can help physical retailers remain relevant in a digital world.
The document provides an overview of Cadbury, including its vision, values, research and development efforts, marketing strategy, and conclusions. Cadbury's vision is to be the world's biggest and best confectionery company. It focuses on growth, efficiency, and capability. The company operates in over 60 countries and has key brands like Cadbury, Trident, and Halls. It invests heavily in R&D and has business units organized geographically. Marketing emphasizes global brands and categories like chocolate, gum, and candy.
Knock On Wood Communications & Events Marketing Plan - Term ProjectSarvanshu Ahluwalia
This marketing plan outlines strategies to increase new client acquisition for Knock on Wood PR (KOWPR). Key issues include a lack of resources which can be addressed by leveraging existing networks and collaborating with freelancers. Marketing objectives are to increase KOWPR's customer base through tactics like developing an optimized website, increasing social media interactions, implementing inbound marketing, and integrating an eCRM system. An integrated marketing communications plan includes interactive content, sales promotions, public relations through community projects and newsletters. Success will be measured by metrics like website traffic, social media reach, CRM engagement, new customers, and net revenue.
Demand Worldwide is a privately held strategy and consulting agency focused on customer experience for brands and retailers. They specialize in unified commerce, digital marketing, loyalty programs, and using customer insights to personalize engagement. Their services help clients transform their organization, strengthen brands, improve customer relationships and maximize lifetime value through approaches like their TribeCasting segmentation method. They also provide expertise on acquiring and engaging the new connected consumer generation and implementing change management strategies for adoption.
Targeted Accelerated Program for Entrepreneurs to grow their businessAmit Chattoraj
Digitization of business is the key to success in the world of digital commerce. With the advent of social commerce business houses are putting their digital strategy, digital marketing, and upgrading their business strategy to meet the market demands. Disruptive technologies need to be brought in to the Agile world of digitization ( IOT, Cloud, Prescriptive analytic, Social, Mobile etc...) to boost business. www.straightforwardconsultants.com
Yupu (Evelyn) Cai, Michelle Jiang, Jiaxin (Jessie) Yu, and Juliana Yu tackled a marketing case presented by Kendra Scott regarding the fashion and jewelry line's Color Bar experience. With only 48 hours, the team researched and developed a comprehensive marketing strategy to enhance the Color Bar experience before presenting their solution to a panel of McCombs Business School professors and Kendra Scott company representatives. The solution was praised for its creative approach and detailed implementation strategy, and the team placed 3rd at the competition.
Jiaxin (Jessie), Yu, Evelyn Cai, Michelle Jiang, and Juliana Yu tackled a marketing case presented by Kendra Scott regarding the fashion and jewelry line's Color Bar experience. With only 48 hours, the team researched and developed a comprehensive marketing strategy to enhance the Color Bar experience before presenting their solution to a panel of McCombs Business School professors and Kendra Scott company representatives. The solution was praised for its creative approach and detailed implementation strategy, and the team placed 3rd at the competition.
Engaging with Today’s Empowered Healthcare ConsumerMarketo
Join this webinar to learn healthcare marketing best practices and how Kaiser Permanente of Colorado transformed the way they engaged their business and consumer audiences using multi-channel demand generation, sales enablement, etc. and plenty of learning and teamwork.
How to Drive Business Model Transformation Inside a CompanySustainable Brands
This document summarizes a panel discussion on driving business model transformation inside companies. The panelists discussed that business models define how companies create, deliver, and capture value. Business model innovation is key to meeting human needs within planetary limits. Companies can create conditions for business model shifts by leveraging external conditions like new technologies, company culture like collaboration, and individual innovators who focus on value and mapping business models. The future may hold new business models in areas like pharma, media, food, energy and more sustainable models.
Qatar’s Most Admired Companies to watch May 2022.pdfMerry D'souza
In this edition of our business magazine, "Qatar's Most Admired Companies to watch May 2022" that are helping Qatar's industries
Read More: https://www.insightssuccess.com/qatars-most-admired-companies-to-watch-may2022/
This document provides an investment business plan for LA Galerie, a proposed fine jewelry company. The summary includes:
1) An overview of LA Galerie's management team and potential strategic partner, Shenzhen Batar Investment Holding Group.
2) Financial projections showing revenue growing from $411,000 in 2022 to $9.9 million in 2026, with net income turning positive in 2024 and growing to $1.2 million by 2026.
3) Key opportunities for growth including rising demand for luxury jewelry in Singapore and untapped potential in the male jewelry market.
4) LA Galerie's competitive advantages of outsourced manufacturing to reduce costs and ability to offer high custom
Wine Business Solutions - 'What we do' - to help you build a better wine bus...Peter McAtamney
Wine Business Solutions (WBS) has provided business improvement solutions to the wine industry since 2003. They help with branding, strategy, market insights, workshops, financial management, succession planning, and business sales. WBS develops strategic plans by analyzing businesses and benchmarking against competitors. They have worked with over 160 small wine businesses as well as larger companies. Clients praise WBS's thorough strategic review process for providing a true picture of businesses and guidance on focusing efforts.
Wine Business Solutions - 'What we do' - to help you build a better wine bus...
Hwdc Slideshow2.0
1. 1 HARRY WINSTON DIAMOND CORPORATION Sarah Fisher, Natalie Gash, Erica Shadford
2. Agenda 2 AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
3. Introduction of Company 3 Founded in 1932 as Harry Winston Inc. Became Harry Winston Diamond Corporation in 2006 The world’s largest publicly traded pure diamond company 40% interest in Canada’s Diavik Diamond Mine AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
4. Introduction of Company 4 New York City acts as a major inspiration for the company The invention of modern couture jewellery The “King of Diamonds” Pure stone philosophy AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
5. Situation Analysis 5 Macro Environment Technology Popularity of Online Shopping Economic Decreased Consumer Confidence Decreased Disposable Income Increased Unemployment AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
6. Situation Analysis 6 Macro Environment Socio-Cultural Increase in Aging Population Declining Marriage Rates Political/Legal Kimberley Process Certification Scheme AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
7. Situation Analysis 7 Industry Environment AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
8. Situation Analysis 8 Industry Environment Strategic Group Map Harry Winston’s position against its competitors has been ranked on image and perceived quality versus online presence AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
9. Situation Analysis 9 Industry Environment 5 Forces Analysis AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
10. Situation Analysis 10 Primary Value Creating Activities Supply Chain Management Mining & Exploration Rough diamond sorting Manufacture & handcrafting Operations & Distribution Existing retail strategy Few Salons and High Revenue 19 Salons in 4 regions , 150 distribution affiliates in 7 regions AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
11. Situation Analysis 11 Primary Value Creating Activities Marketing & Sales Core Competency Strongly Developed Brand Equity Great Use of Publicity, Not Mass Media Celebrity Endorsement AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
12. Situation Analysis 12 Primary Value Creating Activities Customer Service Company Website Customer Support AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
13. Situation Analysis 13 Secondary Value Creating Activities Research & Development New Product Lines Corporate Leadership Market Value Normalized Financials AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
14. Corporate Strategy 14 Corporate Strategy Challenges Diavik will Reach Maximum Production in 2023 The Corporate and Retail Websites are not Complementary Expansion of Salon Network AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
15. Corporate Strategy 15 Corporate Strategy Recommendations Maintain Partnership with Rio Tinto and Monitor the Availability of New Shares Strengthen the Synergy between Corporate and Retail Websites Continue Focused Differentiation and using Global Strategy to become More Flexible to Serving Emerging Markets AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
16. Business-LevelStrategy 16 Business-Level Strategy Problems Poor Online Development and Distribution through Online Sales Leveraging the Excitement of the Brand While Focusing on the Correct Age Group Inadequate Customer Service AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
17. Business-LevelStrategy 17 Business-Level Recommendations Website Re-launch Launch a Line of Sunglasses to Increase the Excitement of the Brand Improved Online Post-Purchase Relationship AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
18. Business-LevelStrategy 18 Business-Level Strategy Implementation AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
20. 20 Thank You AGENDA COMPANY INTRODUCTION SITUATION ANALYSIS CORPORATE STRATEGY BUSINESS-LEVEL STRATEGY THANK YOU
21. Why Sunglasses? 21 Driving forces: The Aging Population Growing Awareness of UV Effects A Push for Stylish Frames The market value of sunglasses in the US is growing The premium sunglass market internationally is growing rapidly
22. Prescriptions? 22 Sales of non prescription sunglasses in the US have been slowly declining since 2000 Offering prescription and nonprescription, WHY? Harry Winston’s target market is 45-65 with high disposable income and can afford laser eye surgery To accommodate the increase in prescription sunglasses Harry Winston would offer both
Technological EnvironmentThe technological environment in the diamond jewelry industry has primarily seen growth in the use of online sellingThere has been an increase in the use of online capabilities to support brick and mortar locations. Companies are beginning to capitalize on the functionality of the internet and jewelry retailers are using 360 degree product views, more product information, and celebrity advertising to help sell their products. Economic EnvironmentThe recession has negatively affect the sale of non-essential goods such as those in the fine jewelry industry Decreased consumer confidence- Decreased disposable income- Expected to increase within the next three years which is beneficial for the jewelry industry- Increased unemployment rate (peaks in 2010 and begins to decrease after that- Expected to decrease within the next three years- All information concludes that the economy will regain its strength in the next few years. The fine jewelry industry can expect to increase in popularity once again- Because specialty goods are purchased infrequently and are non-essentials, as the economy is declining, the sale of fine jewelry is negatively affected and can be expected to decline with it.Poor performing economies have posed a considerable threat to this industry, as real GDP levels have fallen in several market areas, including the US, the EU, and Japan as discussed prior.- Unemployment rates and disposable income levels have also posed threats to the health of the fine jewelry industry, as many economies continue to lose jobs and see no growth or decline in disposable income rates.
Socio-Cultural EnvironmentPolitical/Legal EnvironmentWithin the diamond industry dozens of regulations, acts and laws have been developed to ensure all diamonds are conflict free. The most notable is:-The Kimberley Process Certification Scheme which was established in 2003 to find a solution to the international problem of conflict diamonds or blood diamonds. The US decided to take it one step further andIn 2003, signed the Clean Diamond Act which prohibits the import/export of rough diamonds not controlled through the KPCSPartnered with the worlds concern over the sale of conflict diamonds is the increasing threat of counterfeiting diamonds. To combat this issue the US-Enacted the Prioritizing Resources and Organization for Intellectual Property Act of 2008. It acknowledges the harm caused by trademark and copyright counterfeiting and infringement to the US economy. The US government has also enacted an- The Anti-Counterfeiting Trade Agreement which is aimed at setting standards for the enforcement of intellectual property rights.
Industry Overview- Industry Overview- NAICS code was 448310 which is the code for fine jewelry- Growth in total revenue:- Of the fine jewelry industry was 49% from 2006 to 2008 while the number of employees remained fairly constant- Growth of ROA from 2006 to 2008- Increase of 46.4%- Growth from 06-08 - Increase of 22.8%
As Tokyo Kiho is not a household name in North America, this company ranks lower on image and as this jeweller does not offer any online sales, it is ranked the lowest in that respect.Zales and Blue Nile both have a strong online presence but do not have the same luxury appeal as other brands in this class. Zales only offers products online to customers in the US, while Blue Nile has both a US and Canadian page. Blue Nile operates exclusively online, while Zales uses the internet and their own stores to sell their jewellery. Zales product offering is at a lower price point than Blue Nile and the other competitors in this category. DeBeers and Harry Winston are both ranked at the top for quality and image, where Harry Winston slightly edges out DeBeers in the image category. Both of these luxury players offer a very limited selection of their products online and their most expensive pieces are only available for sale in store. The strategic group shows a small connection between perceived quality of jewellers and the efforts those companies have made to make their products available online. -There is a correlation between online presence and image and perceived quality-As perceived quality goes down, online presence goes up-As you can see, Harry Winston ranks the highest on image and quality because it is such a prestigious brand, however, its online presence is lacking, compared to one of its top competitor, Blue Nile-A challenge that Harry Winston faces is how to maintain its image and quality, while reaching the level of online presences its competitors, such as Blue Nile and Tiffany have.
Rivalry of Direct Competitors- Harry Winston’s top competitors are DeBeers and Tiffany & Co. - Overall, the rivalry of direct competitors has been rated 8/10 and is the most significant threat in the industry; especially those that are multinational firms competing in the global market - It is relatively hard for new competitors to enter the market because of the rarity of diamonds and the need for the financial backing to start a luxury jewelry business. - However, once a firm does enter the industry, its size, number of locations and total revenues and total assets are not clear predictive tools of whether a new entrant will be able to compete and survive or not. - The competitors that are already in the market pose a threat, but the entry barriers are helpful in keeping more firms out of the industry.Threat of Entry: the capital investment needed to enter, the presence of strong brand names among existing firms, the idea of backward integration, and government / industry standards.-With the increase in online capabilities, companies like Bluenile.com can minimize overhead costs and sell exclusively onlineThreat of Substitutes: discount brands, discount jewellery , natural, genuine, and synthetic gemstones . There is no true substitute for diamond or fine jewellery, just a differentiation in the way customers can purchase and view the products, whether it be in store, online, or through catalogue. A high switching cost of quality is paid when a jewellery customer chooses a product downmarket from a real diamond. Power of SuppliersPower of Buyers
Thank you Erica, So in terms of Harry Winston’s Primary Value Creating ActivitiesA huge source of competitive advantage is the companies Supply Chain Management function-this is a result of Harry Winston’s backward integration and ownership of 40% of Diavik mines. -Harry Winston supplies themselves with rough diamonds. Then the rough diamonds are sorted.Then the rough diamonds are either sold to other jewellry manufacturers AND Harry Winston’s diamonds are sent to a company called Overseas Diamonds who polish the stones and send them back to Harry Winston’s New York SalonThen all the jewellry is handcrafted in New York by Harry Winston designers. In terms of Operations and DistributionHarry Winston is currently refurbishing its existing stores and expanding its salon network by opening more salons across the world. -Distribution is a source of competitive advantage for Harry Winston because the sales per store are so high ($14.8 million sales per store compared to $13.9 million for Tiffany & Co.)- This competitive advantage is rare- there are very few extremely high-end competitors that are able to have both a small number of stores and high annual revenues the majority of the companies in the fine jewelry industry have high annual revenues because of the great number of stores they operate
Marketing & Sales is a very important value creating activity,-Harry Winston has fared well during the recession compared to competitors as a result of the strong brand equity it has developed.-Harry Winston’s past advertising efforts have relied heavily on publicity generated from fashion weeks and celebrity endorsements. They do not rely on traditional mass media adverting, because that’s not who their target market is. -To give you an idea who their target market would be, Harry Winston does not sell a product lower the than $3,600. -% change in net revenue (06/07 17.4%, 07/08 5.8%)-Market Share: highly fragmented, no single company controlling more than 6% of the market. HW controls approximately 0.05%)-Between 2007 and 2008, Annual Sales Decreased by 11.5%-between2007 and 2008 annual sales for Harry Winston decreased 11.5% this was in part due to the recession and in part die to the 3% decrease in the marketing and advertising budget.
Customer Service is a weak function in the value creating activitiesThe website is only available to US residents with approximately 5% of its items being available for online sales.Also, there is no post-purchase customer support and no long term relationship with highly valued customers.
In terms of Research & Development,-Harry Winton has few launches of new products. However, when they do they usually centre around film festivals and fashion weeks. As for Corporate Leadership,-the jewellry industry is highly fragmented. 75% of the jewellery industry is made up of small companies with no single company controlling more than 6% of the industry. -Harry Winston controls 0.05% of the jewellry industry Normalized FinancialsNet income is much higher than that of the competitors, as a result if Harry Winston were to expand its product line, they would have the financial stability to carry that growth.
Poor Online Development and Distribution through online sales -Harry Winston’s website is not a source of competitive advantage-Blue Nile is Harry Winston’s main competitor online and they have -custom made jewelry feature-The overall functionality of the site is not up to parIt is hard to locate everything the customer could be looking for-Considering the use of technology and online sales are increasing, it would be beneficial for Harry Winston to update its site in order to create a more user-friendly atmosphere-Offering online sales solely to those in the United StatesMaking sure they are more accessible while maintaining the high end, prestigious Harry Winston name Leveraging the Excitement of the Brand While Focusing on the Correct Age Group -Deciding what the most profitable age group to focus on would beActively splitting its resources between the two age groups-Leveraging the existing brand name and existing brand reputationRelies too heavily on the existing reputation of the brandMore money should be sunk into marketing and advertising if Harry Winston were to expand its product line, this would be necessary-We said marketing and advertising was done well given that they have this existing brand reputationThis brand took them decades and decades to develop – a prestigious quality product Inadequate Customer Service -The after sale customer service is not sufficient considering the prestigious -Important for the consumer’s overall level of satisfaction-Harry Winston’s website is only available in English50% of the Hispanic population in the US is planning on making significant purchases in the near future
Website Re-LaunchOffering the ability to buy more products online with the exception of highly expensive items that will still require consultationLaunch website in all regions so consumers in other regions can shop online and buy Harry Winston productsOffering the website in more languagesAlso, include information about the designers on the website, perhaps a brief biography and showcase the pieces they have designed.Showcase the jewellry like a piece of art, giving credit to the artist. Launch a Line of Sunglasses to Increase the Excitement of the Brand-Generate brand excitement through the introduction of a new product line, still utilizing Harry Winston’s core competency, which is its backward integration and brand equity, but they would outsource the manufacturing of the frames-To integrate this with the website, we suggest Harry Winston use the website to inform and excited consumers about the upcoming launch of the productLaunch sunglasses exclusively to the US market after a period of intense product excitement generationImproved Online Post-Purchase RelationshipA “members-only” feature where the most valued consumers have access to something exclusive
If Harry Winston follows our proposed plan to increase website capabilities it will improve their ability to compete with online competitors, and if Harry Winston expands its product line by venturing into the premium sunglass industry they will be able to use their core competencies to command market share and enjoy a sustainable competitive advantage in the luxury goods industry. -This is just an average cost for the sunglasses because consumers will get to work exclusively with a designers to build their frames with vision with gemstones and diamonds. - The sunglasses will be very customizable and could reach prices into the hundreds of thousands of dollarsCalculations: Revenue = 1000 frames x $7000 = $7 000 000SG&A = $7 000 000 x 48% = $3 360 000Manufacturing = 1000 frames x $100 = $100 000 Notes:SG + A as a percentage of sales is 48%Average price of a pair of sunglass between $5000 - $9000Possibility for more expensive, custom made sunglassesThe supplies such as diamonds and gold and silver are not included in this because Harry Winston already has its supplies of this factored in elsewhere in the annual reportTotal Revenue will increase as the number of frames sold increases over the years1 % of sales will come from sunglasses in the first yearWhat will the growth be?10% average growth for Harry Winston over the past 3 yearsTherefore, we assumed a 5% growth in sunglass sales over the years