Tiffany’s Little Blue Box: Does It Have Any Strategic Significance? What are the company’s vision/mission and objectives? Vision statement: “Tiffany & Co. collaborates with other forward-looking leaders in the jewelry industry and with nongovernmental organizations in order to positively influence the entire jewelry supply chain”. Mission Statement: “ to be the world’s most respected jeweler”. Objectives: To was to remain one of the top higher quality players along with companies
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TIFFANY & CO. ® Introduction Tiffany & Co. is a leading US luxury jewelry company. For more than 150 years‚ Tiffany & Co. have been designing exquisite jewelry that highlights the incomparable beauty of diamonds. The designations TIFFANY ® and TIFFANY & CO. ® are the principal trademarks of Tiffany‚ as well as serving as trade names. Through its subsidiaries‚ the Company has obtained and is the proprietor of trademark registrations for TIFFANY ® and TIFFANY & CO. ®‚ as well as the TIFFANY BLUE
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1837 Charles Lewis Tiffany and John F. Young opened Tiffany & Young‚ with $1‚000 in backing from Tiffany’s father. This store was located on Broadway and was opposite of Manhattan’s City Hall Park. The first store sold stationery and a variety of "fancy goods‚" including costume jewelry. Unlike other stores of the time‚ Tiffany featured plainly marked prices that were strictly enforced to‚ sparing the customer the usual practice of haggling with the owner or sales man. Tiffany also departed from
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Course: General Management and Organization Behavior Date: October 14th‚ 2013 TIFFANY & CO. THE COMPANY OVERVIEW Tiffany & Company (known colloquially as Tiffany or Tiffany ’s) is an American multinational and one of the world’s premier luxury jewelry and retailers. It is a public company having headquarters in New York City‚ NY‚ United States. Tiffany sells jewelry‚ sterling silver‚ crystal‚ stationery‚ fragrances‚ personal accessories‚ as well as some leather goods. The company
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Specific Product: Tiffany Description: Tiffany & Co is the world ’s most celebrated jeweler‚ with an unrivalled reputation for sophisticated luxury. Organization/Company: Tiffany & Co Company 1. What ethical concerns could arise in marketing this product? The factory associated with Tiffany opened in 2007 and Indian and Mauritian artisans came to train the Botswana employees. But the article tells us that the workers went on strike‚ in protest against the working conditions:
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Tiffany http://www.bdc.ca/Resources%20Manager/study_2013/consumer_trends_BDC_report.pdf http://www.sbctc.ctc.edu/docs/education/workforce/environmental_scanning_trend_doc.pdf http://prezi.com/aneu_hnhouba/copy-of-copy-of-tiffany-and-co-product-presentation-the-glamazons/ http://investor.tiffany.com/overview.cfm http://investor.tiffany.com/overview.cfm http://wenku.baidu.com/link?url=wlVOIXzaSB9Q1IMEXFiySIW5RAPYvXHJQg8lnr9R44zgLgFkSZLeTtxZA3Y33qWaUBdeZSniV53Gx5wN4H4y6GVhjBy1A1VLSm9bDm66U63
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I. EXTERNAL ENVIRONMENT A. Societal Environment 1. Economy Low-negative growth in economy/financial markets (T) Reduced discretionary spending on goods that are‚ or are perceived to be‚ luxuries (T) Unsettled regional/global conflicts e.g. military and/or terrorist activities (T) Weak economic conditions in Japan (T) Global competition (T) Wholesale market for high quality cut diamonds will provide continuity of supply and pricing (O) Soft employment market (T)
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Tiffany & Co. Brian Fenske December 1‚ 2010 Retail Management Table of Contents I. Table of Contents ………………………………………. Pg. 2 II. History…………………………………………………... Pg. 3 III. Retail Mix ……………………………………….…..... Pg. 3-5 a. Location b. Pricing c. Promotional Mix d. Merchandise Assortment e. Store Design IV. Store Visit ………………………………………………. Pg. 5 V. Competitive Advantage……………………………..…... Pg. 6 VI. Financial Performance ………………………………....
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Case: Tiffany & Co. (1) What (if any) are the problems confronting the company? Because of Tiffany’s large exposure in Japan‚ it is severely adversely affected by the yen/dollar exchange rate fluctuation and needs to determine the best way to hedge against this risk. (2) How did the problems arise? Tiffany was assuming control of its operations in Japan‚ which had previously been managed entirely by Mitsukoshi. With this greater control over its sales in Japan came much increased exposure
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Tiffany & Company Tiffany has decided to sell direct in Japan as opposed to selling wholesale to Mitsukoshi and Mitsukoshi selling to the public. In this agreement Tiffany will give Mitsukoshi 27% of net retail sales in exchange for providing the boutique facilities‚ sales staff‚ collection of receivables‚ and security for store inventory. This new agreement exposes Tiffany to the fluctuation in the yen-dollar exchange rate. Therefore‚ they are considering two basic hedging alternatives to
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