funds offer a quick and relatively inexpensive way to diversify‚ the purpose of this article is to address the issue of risk reduction through international diversification. This article also provides support for the hypothesis that international market correlations increase after unexpected exogenous shocks. The implication is that diversification benefits may be reduced after such events. National economies have recently become more closely linked‚ not only because of growing international trade
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carries his name continued to grow internationally‚ expanding into the fashion world by the 190’s and reaching $10 million in sales by 1977. In 1987‚ LV merged with Moet et Chandon and Hennessy‚ leading manufacturers of champagne and cognac‚ and created LVMH‚ a luxury goods conglomerate. LVs products are made with state-of –the-art materials and its designers are a combination of art‚ precision‚ and craftsman to produce only the finest products. The legendary LV monogram appears on all the company’s
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MOTIVATION‚ STRESS AND COMMUNICATION 2 Abstract I would like to share with readers my perspective on motivation‚ stress and communication‚ at a high-end luxury goods designer company better known as Louis Vuitton. I will share different avenues I can take as an employee to build motivation and set specific goals after I accept the position. Day to day task can become very stressful for an employee. When an employee is stressed out on the job it can lead to
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(Director of Communications). LOUIS VUITTON (1821-1892) SWOT Analysis Strenghts - Heritage - More than 100 years history - Biggest luxury brand in the world with great profits - Loyal customers in Japan‚ Europe and USA. - Belongs to the LVMH group - Strong a well-defined brand positioning - Wide geographical presence. It has presence in the world’s leading commercial hubs‚ New York‚ London‚ Tokyo‚ Hongkong‚ etc. - Louis Vuitton pieces are iconic/Legendary house of fashion - Excellence
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Michael Kors International Vision S.W.O.T analysis Strengths The first strength of MK brand is that it is resilient and adaptable. The manager of MK knows how to rescue and optimize the brand when the quality was not very high‚ especially at the beginning time when the MK just established. And the management of MK has been able to increase its price constantly thus making the quality went up as well in order to making more profits. Besides‚ Michael Kors‚ a world-renowned designer‚ individually lead
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TYPES OF CORPORATE DIVERSIFICATION When a firm chooses to diversify‚ it faces a decision as to how related the new business(es) is(are) to the existing businesses of the firm. When Charles Bluhdorn was CEO of a company called Gulf+Western in the 1950s‚ he diversified into a host of industries: motion pictures (Paramount Pictures‚ the makers of The Godfather‚ Chinatown‚ and other movies)‚ clothing‚ cigars‚ zinc mines‚ auto parts‚ and sugar‚ among others! In contrast‚ a company such as Cooper
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Unrelated Diversification is a form of diversification when the business adds new or unrelated product lines and penetrates new markets. For example‚ if the shoe producer enters the business of clothing manufacturing. In this case there is no direct connection with the company´s existing business - this The unrelated diversification is based on the concept that any new business or company‚ which can be acquired under favorable financial conditions and has the potential for high revenues‚ is suitable
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Anaïs Averseng Master 2 Luxury brand management How is the business of luxury shoes adapting to the challenges of new consumer demand‚ geographical availability and modern marketing? Please discuss these issues‚ as well as the factors are shaping our industry today and tomorrow? 21st of December 2012 I decided to focus on the shoes industry‚ because is a more complex business. Women are attracted naturally by shoes but men don’t. The luxury Maison
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Abstract Diversification is a form of corporate strategy to increase profitability of a company through greater sales volume obtained from new products and new markets. Diversification strategies are used to expand firms’ operations by adding markets‚ products‚ services‚ or stages of production to the existing business. I will be discussing diversification strategies of Johnson & Johnson who have benefited from diversification and National Semiconductors Company which was not able to succeed
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BOYAN JOVANOVIC New YorkUniversity The Diversification of Production produce more than one product. In this sense their production is diversified‚ or horizontally integrated. This paper addresses two questions. First‚ why have firms become more diversified over the past century? And second‚ why are diversified firms more oriented toward research and development (R&D) than nondiversified firms? I tackle these two questions under the assumption that a firm diversifies to maximize its efficiency
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