LVMH Passionate about creativity ANNUAL REPORT 2010 CONTENTS 02 CHAIRMAN’S MESSAGE 06 FINANCIAL HIGHLIGHTS 08 INTERVIEW WITH ANTONIO BELLONI : THE AUTHENTICITY OF OUR BRANDS LINKING HERITAGE AND MODERNITY 10 CORPORATE GOVERNANCE 12 THE LVMH SHARE 14 REVIEW OF OPERATIONS 16 24 32 40 46 Wines & Spirits FASHION & LEATHER GOODS Perfumes & Cosmetics Watches & Jewelry SELECTIVE RETAILING 52 SUSTAINABLE DEVELOPMENT 54 Exchanging‚ sharing‚ moving forward 55 Human Resources LVMH
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most common infectious diseases prevalent nowadays and affects all ages. It is an acute or chronic infection of one or both lungs caused by microorganisms‚ such as viruses‚ bacteria or chemical irritants. (Schmitt‚ 2011) It has different types‚ and one of them is Community Acquired Pneumonia (CAP). CAP is a disease in which individuals who have not recently been hospitalized develop an infection of the lungs. It occurs because the areas of the lung which absorbs oxygen (alveoli) from the atmosphere
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1a) Dynamic capabilities are abilities which enable the organisation to renew and recreate its strategic capabilities to meet the needs of the changing environment. It is the capacity of an organisation to change which enables them to adapt more readily. Sustainable competitive advantage relies on resources‚ competencies and capabilities evolving with the dynamics of the industry. Sustainable competitive advantage is achieved when an organisation’s capabilities are of value to customers‚ unique
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With sales of almost € 36 billion in the previous year‚ the LVMH group has truly earned its title as the world’s leading luxury products group. Founded in 1854 by French-born Louis Vuitton as a packing-case company exclusively using high-quality materials for maximum durability‚ the family-owned business has consistently increased its luxury over the years. More than a century later‚ Louis Vuitton acquired Hennessy‚ the market leader in the high-end spirits segments‚ which had previously merged with
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&Bonten‚ 2012). Hospital-acquired infections (HAIs) are a type of measured outcome for patient safety intervention (Lin &Bonten‚ 2012). Challenges in assessing hospital-acquired infection outcomes happen due to lack of a gold standard test in diagnosing infections; it is usually based on a clinician’s judgment if there is an infection or not (Lin &Bonten‚ 2012). In order to maintain consistency of the study outcomes‚ investigators used to use definitions that were developed for surveillance purposes
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“An internal capacity for leveraging resources and competences is a prerequisite for creating competitive advantage. Discuss‚ with references to theory and real world organization of your choice”. Strategic management is a multi faced and vast area of study with many theorists presenting differing views as to what is crucial to the successful formulation of strategy. This essay will present an explanation of the internal capacity of leveraging resources and competences and show how they are creating
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Center for Advanced Human Resource Studies (CAHRS) CAHRS Working Paper Series Cornell University ILR School Year 2005 A Resource-Based View Of International Human Resources: Toward A Framework of Integrative and Creative Capabilities Shad S. Morris Cornell University Scott A. Snell Cornell University Patrick M. Wright Cornell University This paper is posted at DigitalCommons@ILR. http://digitalcommons.ilr.cornell.edu/cahrswp/284 CAHRS at Cornell University 187 Ives Hall Ithaca
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Acquired Immunodeficiency Syndrome (AIDS) Acquired Immunodeficiency Syndrome (AIDS)‚ human viral disease that ravages the immune system‚ undermining the body’s ability to defend itself from infection and disease. Caused by the human immunodeficiency virus (HIV)‚ AIDS leaves an infected person vulnerable to opportunistic infections—infection by microbes that take advantage of a weakened immune system. Such infections are usually harmless in healthy people but can prove life-threatening to people
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étude de cas est un produit adaptable. Voir conditions Générales de Vente : http://www.ccmp.fr/CGV_2005.pdf Louis Vuitton : New product introductions vs. product availability © CCMP Valérie MOATTI‚ Pierre DESSAUGE ESCP EAP‚ HEC This case was developed by Pierre Dussauge and Valérie Moatti as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. Some of the data provided in this case have been altered for confidentiality or pedagogical
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“What factors contribute to infant mortality in developed and less developed countries?” “Infant mortality is the number of deaths among live-born infants from birth to under age one” (Sidscenter.org‚ n.d.). According to a National Vital Statistics Report in 2006‚ the leading causes of Infant Mortality in the U.S. were deformities‚ low birth weight‚ Sudden Infant Death Syndrome‚ maternal complications‚ unintentional injuries‚ respiratory distress of the newborn‚ bacterial sepsis‚ neonatal
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