Letter of Transmittal [pic] 28th May 2011 Ms. Jessy LEGO Group‚ 28‚ Jalan Senget‚ 10350 Kuala Lumpur. Dear Ms. Jessy‚ Enclosed is a report detailing the preparation steps needed to do before launching the products in the domestic market. As discussed during our meeting‚ I have also made recommendations tailored specially to your business’s need. The report provides background to the company and industry as well. Benefit and features of the product lines are also briefly explained. The
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Annual Report 2011 The LEGO Group FINANCIAL HIGHLIGHTS Financial Highlights The LEGO Group (mDKK) 2011 2010 2009 2008 2007 18‚731 (13‚065) 5‚666 (124) 5‚542 4‚160 16‚014 (10‚899) 4‚973 (84) 4‚889 3‚718 11‚661 (8‚659) 2‚902 (15) 2‚887 2‚204 9‚526 (7‚522) 2‚100 (248) 1‚852 1‚352 8‚027 (6‚556) 1‚449 (35) 1‚414 1‚028 12‚904 6‚975 5‚929 10‚972 5‚473 5‚499 7‚788 3‚291 4‚497 6‚496 2‚066 4‚430 6‚009 1‚679 4‚330 3
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The Lego Group Case: The Crisis Prior to finalizing a strategic recommendation for Knudstorp and the Lego Group‚ I needed to gain perspective on the industry and internal factors that have historically interfered with Lego’s business model‚ and thus lead them to the point of bankruptcy. In Exhibit A‚ I used the Porter’s five forces model to help identify and label the threats‚ demands‚ trends and opportunities of the toy industry. While Lego faced many different types of challenges‚ market trends
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Introduction Founded in 1932‚ the LEGO Group is a privately held company headquartered in Billund‚ Denmark. The vision of Lego Group is to “inspire children to explore and challenge their own creative potential”[1] Lego now ranks 4th in the world as a toy manufacturer. The Lego Group employs nearly 9‚000 workers and its own product‚ Lego Brick can be found in over 130 countries. The financial performance of Lego declined drastically through the 1990’s and early 2000’s. In 2004‚ the company accumulated
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Summary of the case The LEGO Group’s vision was to “inspire children to explore and challenge their own creative potential”. Its motto‚ “Only the Best is Good Enough‚” had stuck with company since 1932 when Ole Kirk Christiansen‚ a Danish carpenter‚ established the company in the small town of Billund in Jutland‚ Denmark‚ to manufacture his wooden toy designs. As the company itself stipulated it: “It is LEGO philosophy that “good play” enriches a child’s life — and its subsequent adulthood. With
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Assignment 1 LEGO Case Study The LEGO Group was founded by Ole Kirk Christiansen in 1932 in Billund‚ Denmark. LEGO started by manufacturing wooden toys‚ today‚ the company’s main product is the LEGO brick with its unique principle of interlocking tubes. Today‚ the LEGO Group had grown
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tremendously successful? Have you ever tried to “LEGO”? “LEGO” is toy of men and women of all ages in the world. I want to talk about Lego that has been tremendously successful. • First‚ the origin of “LEGO” The Lego Group began in the workshop of Ole Kirk Christiansen (1891–1958)‚ a carpenter from Billund‚ Denmark‚ who began making wooden toys in 1932. He made toys for his son. • Second‚ what does “LEGO” means? In 1934‚ his company came to be called "LEGO"‚ derived from the Danish phrase leg godt‚ which
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Company Profile An introduction to the LEGO Group 2007 It is LEGO philosophy that “good play” enriches a child’s life – and its subsequent adulthood. With this in mind‚ the LEGO Group has developed and marketed a wide range of products‚ all founded on the same basic philosophy of learning and developing – through play. It all began in 1932 ... The founder‚ Ole Kirk Christiansen‚ hit upon the LEGO name in 1934. He took the first two letters of
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There are about 915 million ways to combine six LEGO® bricks . But how many ways are there to keep a company on the right track? Kjeld Kirk Kristiansen‚ current owner of the LEGO Group‚ was faced with this question in 2004. On the surface it did not become known that LEGO was in trouble in those days. The small bricks were welcome all over the world and the British Association of Toy Retailers joined Fortune magazine in naming the company’s classic bricks the toy of the century. But the fifth-largest
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entire Arctic ecosystem by exacerbating the melting of the ice caps and releasing toxins into the environment that would be difficult to clean (“The Dangers”). Ultimately they won by attacking Shell’s highly-credible and well-liked partner‚ Lego‚ in hopes that if Lego would turn against them‚ so would Lego’s supporters. The advertisement Greenpeace created for this purpose was the emotionally-striking piece‚ “Everything is Not Awesome‚” whose development team was particularly successful in creating an
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