1. Company overview
The iPremier is Web-based Commerce Company and established in 1996 by two founder students from Swarthmore College. The company is one of the top two retail businesses in online transaction which selling from vintage goods and to the luxury item.
Its well knows that during fiscal year 2006, iPremier has grabbed profit $2.1 millions with sales of $32 million from their high-end customer. The company has also recorded with growth by 20% annually for the last three years consecutive sales whereas back in late 1998, the company’s history of stock price had nearly tripled, especially when the euphoria of the 1999, which the market is rose to tripling, prices. Its mean the company has strong cash position.
The most interesting strategic is flexibility return policies which to allow customer to thoroughly examine the products before deciding whether to keep them.
2. Management and culture
The management at the company is build-up from the mix of talented youngster who been loyal from long time period and experiences managers who had been gradually recruited as the company grew. The recruiter team has focused on well-educated technical background with knowhow in business environment especially business professionals with reputations for high performance.
All employees will subject to quarterly performance appraisal that tied directly to the compensation. It’s competitive environments work, whereby unsuccessful managers will not last long.
Company has standardized on its governing value in terms of discipline, professionalism, commitment to delivering results and partnership for achieving profits.
iPremier orientation towards doing “whatever it takes” to get projects done on schedule, which is especially related with customer satisfaction orientation by providing benefit.
It’s essential in company to develop the competitiveness environment in order to compete the MarketTop