Preview

Economics and S.w.o.t High Quality

Satisfactory Essays
Open Document
Open Document
491 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economics and S.w.o.t High Quality
Presented by group 15 group member
Derek
Orange
Aubrey
Angel
Yvette

Introduction
Corporation Name: Chanel S.A.
Area served : Worldwide
Foundation Time: 1910
Founder and Inventor: Coco Chanel
Headquarter: Paris France
Number of location: 310
Number of employees: 1270 ( 2010 )

P.E.S.T

Political

Economic

Social
Technology

P.E.S.T



Tax policy in Asian region



Regulations to reduce piracy

P.E.S.T


Increasing purchasing power of the developing world •

worldwide economic crisis rebound

P.E.S.T



Native Culture



Asian clients value prestige brands

P.E.S.T


Change the packaging regularly



Follow the trends of technological development closely



Growth of Online shopping due to Internet improvement



Emergence of mobile Internet

S.W.O.T

Strength

Opportunity

Weakness

Threat

S.W.O.T


Strong brand image



Strong Management



A large number of stores



High market shares in perfume and leather products •

Rich in raw materials

S.W.O.T


High quality products

S.W.O.T


High quality products

S.W.O.T


High quality products

S.W.O.T


High quality products

S.W.O.T
Karl Lagerfeld



The Chanel Chief Designer who is leading Chanel to another peak in its fashion development S.W.O.T


Strong advertising

S.W.O.T


High Price



Limited Production



Competitive market



No prices are displayed



Limited selection on Online stores



Online shopping only available in United States and no international shipping S.W.O.T


Expand business to emerging markets



Technology



Online sale and E-marketing gaining a lot of importance



Product innovation and company takeovers

S.W.O.T


Counterfeits



Imitating Designs



Policy change



Economic slowdown and recession S.W.O.T


Competitors

FIVE FORCE

Suppliers

Customers

Present competitor
Substitute
New entrants

CUSTOMERS
• Number of buyers
• Level of dependence on buyers
• Switching costs
• Buyers' bargaining power is low

SUPPLIERS

You May Also Find These Documents Helpful

  • Good Essays

    “The company’s strong operating performance, multi channel operations and strong specialty store network are it key strengths, even as concentration on the US market remains an area of concern.”…

    • 612 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Required: 1. The new mayor became elected with the pledge of rapid privatization. But instead of downright privatization, his first action was to ask for cost estimation of public service. Why do you think he asked for cost estimation instead of privatizing the public service right away? Was it a sensible action?…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Our firm is the producer of tangible products. We, as a company, must ensure that we are delivering the highest quality products to our customers to maintain a quality reputation and in order to earn repeat and referral business. We have identified the three types of costs associated with the implementation of quality considerations. We believe that if we are mindful of the following costs our quality will improve, our customer satisfaction will improve and our business will prosper. The three types of costs associated with quality considerations are prevention costs, appraisal costs, internal and external failure costs. Prevention costs are the most effective way to avoid unnecessary problems with production and sales quality. These costs are defined as any steps we as a company can take to pre-emptively avoid any future defects by providing our employees with things such as, proper tools to complete their assigned work, safe and proper working conditions, proper and effective training of all new employees and continual training and education for all existing employees, and by implementing quality control systems to ensure all products produced are up to the company’s and customer’s quality standards. Appraisal costs are the costs associated with the testing and inspection of purchased materials used in the productions process, inspection of the items the company is producing, checking items produced for conformance, quality control audits and field testing of items produced and the cost of the labor associated with all of these items. These costs are ultimately the quality costs resulting from quality control and while they may be high in numbers but are imperative during the manufacturing and production processes. Internal failure costs are the costs that we would incur should we fail to meet the quality standards of the…

    • 865 Words
    • 25 Pages
    Good Essays
  • Good Essays

    Cost, Access, and Quality

    • 1129 Words
    • 5 Pages

    *Access to care may be defined as the timely use of needed, affordable, convenient, acceptable, and effective personal health services.…

    • 1129 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Shur, R., & Simons, N. (2008). Quality issues in health care research and practice. Nursing…

    • 1602 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Quality Management

    • 1536 Words
    • 7 Pages

    After analyzing your data, you are now prepared to present your findings to the company CEO. Discuss ten quality management improvement initiatives you would recommend, including quality tools to improve company poor performance.…

    • 1536 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    cost and quality analysis

    • 842 Words
    • 4 Pages

    Presently, cost and quality in health care are both indicators that are benchmarked in determining best healthcare practice. Two organizations both work towards meeting these objectives in healthcare, The Agency for Healthcare Research and Quality (AHRQ), a public agency and the Commonwealth Fund, a private agency.…

    • 842 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Quality Improvement

    • 131 Words
    • 1 Page

    The impact that quality has on my project can be classified as systematic and continuous, as this brings actions that would lead to improvement in health care services that can and will be measured. We can define quality in health care as a correlation between the outcomes of populations and individual’s desired health and the health services improved level. Quality has more impact in my project as it can be directly linked as a service to an organization's delivery approach and their care system.…

    • 131 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Quality Improvement

    • 992 Words
    • 4 Pages

    Quality improvement is an organizational approach to improve quality of care and services using a specified set of principles and methodologies. Principles of quality improvement are measurements, which the data is used to improve care, focusing on the important patient outcomes and consumer needs, being involved with participants, such as encouraging direct participation in teams by those individuals who implement the processes being evaluated. Ensuring there is an emphasis on strengthening the systems through analyzes and processes is a must.…

    • 992 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Superior Manufactoring

    • 962 Words
    • 4 Pages

    Based off of the 2004 statement of profit and loss data, I do agree with Water’s decision in keeping product 103. The total sunk costs for the company could be more substantial in a shorter time than having years of low profits from the sales of product 103. Overall the company would lose $4,933,000 by eliminating product 103. Recovering the indirect costs of dropping the product line would also be unclear as well. An incremental analysis would be the best approach in determining whether keeping product 103 is beneficial or not.…

    • 962 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    In every organization, measuring and reporting the cost of quality (CoQ) is an important issue they must consider. Quality is a critical factor to defeat competitor and to retain customer and to meet the customer’s need. CoQ is a sum of conformance cost (cost for prevention of poor quality) and nonconformance cost (cost of poor quality caused by product and services failure). CoQ analysis link and relates improvement actions with associated customer expectations and this is seen as the coupling of reduced costs and increased benefits. Nowadays, many organizations seeking the best practiced of CoQ based on the existing CoQ approach. Hence, the cost of doing a quality job, conducting quality improvements and achieving goals must be carefully managed, so that the long-term effect of quality effect of quality on the organization is a desirable one. These costs must be a true measure of the quality effort, as well as the best determined from an analysis of the costs of quality. The analysis as such provides a method of assessing the effectiveness of the management of quality and it is a means of determining problem areas, opportunities, savings and action priorities. There are various models and one of it is the PAF (Prevention, Appraisal and Failure) model. Overall, this model basically split the quality related activities cost into three namely prevention cost (cost associated with the design, implementation and maintenance of the TQM system), appraisal costs (costs associated with the suppliers’ and customers’ evaluation of purchased materials, processes, products and services to ensure they conform to specifications) as well as failure costs (costs that occur when the results of work fail to reach designed quality standards).…

    • 969 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    SWOT Analysis REGUS

    • 1489 Words
    • 7 Pages

    1.4 Strong brand presences across the industry: Having 25 years + expert knowledge and being the dominant brand having 20% market in a fragmented industry and having positive customer review (8.4 out of 10).…

    • 1489 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    • Although management prefers to have fact based data and reasonable estimates to evaluate decisions and prioritize spending, financial measurements generally aren’t used to validate quality’s impact on profitability and costs. • Activity based cost/management systems are effective ways to account for the hidden costs of poor quality.…

    • 3455 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    In general, employee empowerment has been viewed as an effective practice for customer-driven organizations that embrace total quality. Answer: T AACSB: Analytic Skills In any organization, the people who best understand how to improve the product and process are the ones who design them. Answer: F AACSB: Analytic Skills A cross-functional team is an example of horizontal coordination between organizational units. Answer: T AACSB: Analytic Skills…

    • 34181 Words
    • 137 Pages
    Satisfactory Essays
  • Good Essays

    Introduction Demand Supply Market Supply and Demand 2.301 Microeconomics Cohort 1.1 Term 4, 2013 Continuous Double Auction Market Introduction Demand Supply Market Supply and Demand Welcome!! Continuous Double Auction Market Introduction Demand Supply Market Supply and Demand Continuous Double Auction Market Introduction • Microeconomics is the study of how individuals and firms, assumed to be self-interested, make constrained decisions in order to make themselves as well off as possible. • It helps explains how the actions of all participants in a market (buyers and sellers) determine prices and how prices influence the decisions and actions of individual buyers and sellers.…

    • 1782 Words
    • 8 Pages
    Good Essays