Sunday, February 23, 2020

The Louis Vuitton Market Strategy Case Study Example | Topics and Well Written Essays - 2000 words

The Louis Vuitton Market Strategy - Case Study Example Company's efficiency of a finely tuned machine, fueled by ever-increasing productivity in design and manufacturing as Vuitton grows ever-bigger, the ability to step up advertising and global expansion without denting the bottom line. According to competitors who tried to surpass Vuitton stated that their operating metrics are second to none. The fine equilibrium between tradition and innovation reflects in the products of Louis Vuitton. The company has consistently pursued a luxury pricing strategy, which means high markups, limited availability, and few if any markdowns. Louis Vuitton sells its products only through a global network of company-owned stores. This keeps margins high and allows the company to maintain control of its products through every step in the channel. Louis Vuitton uses demographic targeting strategy to target their customers, men as well as women of various age ranges. The financial crisis going on would not disturb world's luxury brands as the luxury goods co nsumers are well-positioned enough that they just are not at risk to face such factors. Louis Vuitton opened its first store in China at Palace Hotel in Beijing in 1992. Company has the realization that the Chinese were sophisticated and soon they will be the biggest superpower. Chinese thinks that luxury fashion means the eminent elegance, high quality, taste, and expansive which in turn direct the destination of the trend in the region of China. Louis Vuitton has pursued a consistent approach to develop the market in China, never compromising in the face of difficult operational obstacles, and, as always, controlling every aspect of the business. This unique approach has powered Louis Vuitton to its current position as the most successful luxury brand in China. "Mythologizing Louis Vuitton's service" means, to identify and achieve the objectives and the challenges faced for improving the quality of customer service at each store to enhance customer satisfaction. This recognition of each customer's satisfaction positively affects the brand's reputation, which in turn determines the brand's value. METHODOLOGY Interbrand's methodology is a vital action that evaluates brand value on the basis of how much it is likely to earn for the company in the future. Interbrand uses a combination of analysts' projections, company financial documents, and it's own qualitative and quantitative analysis to arrive at a net present value of those earnings. The research methodology and design process would involve primary as well as secondary sources for bringing about substantial studies that are literature based and theoretically inclined for which such research methods utilized may truly serve its first hand purpose for this study. Mostly, research plan spells out the nature of the research to be conducted and includes an explanation of such things as the sample design, measures, and analysis techniques to be used. Three critical issues that

Friday, February 7, 2020

Science Questions Essay Example | Topics and Well Written Essays - 1000 words

Science Questions - Essay Example Living systems in a region may contain wetlands, prairies, coral reefs, rainforests, tundra, or the canopy of an old growth forest. Ecosystem services would comprise the capability of nature to assimilate waste, turn sunlight into edible plants, and create oxygen. With in this natural source we can be able to come up of a natural income. There are lots of natural capitals that can be a source of natural income. An example of natural capital is the water get from springs which are then processed and purified and be sold as mineral or distilled water. This kind of natural capital and natural income can be able to sustain resource by preserving the natural resource itself. The company that sells this drinking water can put up their business site where they get their water. They can make strategies to put up the building in such a way that it will also look like a resort to customers. They will take care of the trees and the water flowing there so that it can replenish itself. Cleanliness should also be maintained and the owner should establish ecological ethics to refrain from any environmental issues that may lead to the downfall of the business. In this way, it will be attractive for customers to come along and buy the product. According to Wikipedia (2006), primary production is is the fixation of light energy into chemical compounds (the construction of sugars from CO2 and water; photosynthesis). Gross primary production then refers to the total amount of energy fixed by plants (the primary producers). This energy can then be used by plants to generate new biomass; growing. While net productivity according to Kimball’s Biology Page (2004) refers to the amount of energy trapped in organic matter during a particular interval at a given trophic level. The quantity of the trapped energy of the plants (net productivity) will then be processed (H2O, CO2, and sunlight) by plants into starch is called primary gross. Biodiversity has been