NAME: _______________________________________ Gap Inc. in 2010: Is the Turnaround Strategy Working? 1. BACKGROUND INFORMATION |Timeframe |Country(s) Involved |Key Individuals & Titles |Company Type & Size | | |USA; China; Vietnam; Philippines; India; |Donald and Doris Fisher - Founders |Public Traded | |1990-now |Cambodia; Indonesia; UK; Canada;
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Introduction GAP Inc has been a member in the family-clothing-store industry for 43 years. They are one of the top four companies with a 16.3% market share as of 2010 (Van Beeck‚ 2010). They have a chain of stores that include GAP Inc‚ Old Navy‚ Banana Republic‚ Piperlime and Athleta. Between 2002 and 2010 GAP has implemented multiple strategies to accommodate changes in technology and the economy that have driven the strategies of all of the major competitors in the family-clothing-store industry
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Old thinks him as gold‚ young’s calls the old as fools. The fight between the old and the young is not new and has been bound in the culture of every nation of the world. Generation gap is a more modern term for the difference between generations‚ or another term for the "clash" between the opinions‚ the attitudes and the behaviors of the younger and the older generations. The inevitable progress of time and technologies makes the introduction of new ideas‚ new believes‚ and new values unavoidable
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from old generation life that looks like a break between two periods of time. Our entire life physical‚ social‚ economic‚ imaginative is cast in different pattern. This break or different pattern is causing an alarmingly‚ “generation gap”. BODY: Generation gap is the major reason today why parents and teenagers are moving away from each other. As we all know‚ the environment has changed‚ so has the life style and with that changes the mind of teenagers. Today’s generation doesn’t like others
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The Gap‚ Inc. History Address: 2 Folsom Street San Francisco‚ California 94105 U.S.A. Telephone: (650) 952-4400 Fax: (415) 427-2553 Website: www.gap.com Public Company Incorporated: 1969 as The Gap Stores‚ Inc. Employees: 169‚000 Sales: $14.4 billion (2003) Stock Exchanges: New York Ticker Symbol: GPS NAIC: 448140 Family Clothing Stores Company Perspectives: At Gap‚ Inc. we never stop moving. It takes thousands of passionate‚ dedicated and talented employees around
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LEGITIMATE EXPECTATION The Legal and Institutional Background The doctrine of legitimate expectation operates as a control over the exercise of discretionary powers conferred upon a public authority. The typical reason why discretionary powers are conferred upon a public authority is to ensure that they are exercised having due regard to the particular circumstances of individual cases coming before the decision-maker – ie in circumstances where Parliament was not confident at the time
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Phillip Canamar Accounting Case Analysis LP1 Assignment: Audit Failure 1. Analyze the actions of the auditors in both cases and identify any errors in judgment made by the auditors. The action of the Auditors‚ Audit Committee‚ and top management that worked for Molex Corporation were in error because FASB Concept Statement #2 (materiality defined) appears to apply to this case and should have know the appropriate way to handle the situation that conforms with GAAP and adjust the financials
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Gap and Current Strategy Analysis * Macro Environment: The major trend in the macro-environment which affects Sony’s future strategy is socio/cultural/demographic. Since the Nintendo Wii emerged‚ it attracted many of non-traditional gamers came into the videogame console market‚ especially females and elderly people. Traditionally‚ non-traditional gamers think PlayStation is not ease of use for them. For instance‚ the joystick is difficult controlled or the instruction of the games are not easily
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changes. You treat people differently than you would if you were alone‚ you change your actions‚ and you morph your personality to fit what you think everyone around you expects of you. Why do we let ourselves succumb to negative social expectations? Social expectations limit who you are. You can’t display your personality if you are changing it to make the people around you happy. Limitations on who you can be will only hurt you in the long run. When you leave your group of friends‚ who will you be
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2318 Information System Audit Outline: 1) Introduction to IT audit‚ purpose Types of IT audits‚ history of IT audit‚ major events that have prompted the use of and been solved using IT audit techniques. IT Audit process outline; process and phases. Planning the audit‚ materiality‚ risk assessment. 2) Effective information system audit. Evaluation of controls‚ types and tests of controls. Audit sampling‚ sampling methods‚ sample evaluation. 3) Audit automation and system
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