Sunday, February 23, 2020

Risk Analysis of Global Beauty Cosmetics Center Essay

Risk Analysis of Global Beauty Cosmetics Center - Essay Example 34). Table 1 shows a summary of the key findings of GBCC's strengths, weaknesses, opportunities, threats, and trends (SWOTT). Using the table and the categories (distribution, supply chain, social, and cultural) briefly discussed above, GBCC can better manage its risks by focusing on doing some activities well to develop its own unique competitive advantage. Understand customers. GBCC has to know its clients and what they want. Depending on their clientele (age range, social status, disposable income, etc.), GBCC can be more specific in offering the right types and volumes of products and services at the right price points. It can also decide where to locate its shops in the neighborhood or inside a shopping mall or office building, and select the appropriate staff and operating hours for each location. Train its workers. Like other service companies, people play a very important role for business success. More than just training workers in hairstyling, body care, or wellness strategies, GBCC must get workers with the right chemistry that will provide customers a unique experience, making them keep on coming back and telling their friends about it. Although it is important that customers come out of the center looking and feeling beautiful, it is the relationship that they forge with GBCC workers, who must get to know their most intimate feelings, that creates value, leads to profit margins, and increased revenues from repeat services. Understand suppliers. Costa Rica has a thriving pharmaceutical industry that services the growing cosmetics industry (CRHC, 2006). There are several competitors in the same business that source their products and services from the same suppliers. GBCC should ensure that products meet high standards. Manage operations. Service companies deal with different types of people who come in as customers wanting to feel beautiful and leave either as friends who got what they wanted or enemies who will never return or, worse, speak badly of the

Friday, February 7, 2020

System of Inquiry Case Study Example | Topics and Well Written Essays - 1750 words

System of Inquiry - Case Study Example (GMP History)1. GMPC boasts of an exemplary environment record and has increasingly fixed its focus on augmenting its renewable sources to ensure cleaner, greener and safer future. Only 2% of GMP's fuel mix for 2006 was from carbon dioxide emitting sources as compared to the national average of nearly 70% from emitting sources. GMP's sources comprise non-conventional energy sources like water, wood or wind, which supplies more than half of the company's requirement. (Green Mountain Power, Generating Sources Among Lowest In Emissions)2. Green Mountain Power understands the value and importance of its contribution to the community at large, and the only route in fulfilling its tremendous responsibilities is its ability to retain a good reputation in a changing social and business environment with its increasingly complex set of standards and laws. Green Mountain Power Corporation, thus, unequivocally resolves to conduct its business lawfully and with the highest degree of honesty and integrity. A corporation can act only through individuals. In order to meet this commitment, Green Mountain Power expects all its directors, officers, employees and agents to perform their duties with the highest degree of honesty and integrity. (Green Mountain Power Corporation's Code of Ethics and Conduct)3. The com... GMP's Ethical System The company has a robust ethical system in place that is broader than the standards set forth by law for an average business firm. This is in order to be in preparedness to meet any eventuality with a pro-active system to pinpoint and rectify ethical deficiencies wherever and whenever they arise. As evidence in proof to show the high level of importance the company places on proper conduct of business, all it needs is a few days spent within the confines of the company's premises and sites, and evaluate this experience with the codes of conduct stressed at different levels of authority. The company's code of conduct consists of three parts; the first one is primarily aimed at its directors, officers, employees and agents, and is geared towards a sustained public confidence in the company's good name. The second part specifies the legal requirements which every one of the company's personnel and agents must strictly adhere to. The third part describes the company's compliance program which ensures that every director, officer, employee and agent has understood and will abide by the code of conduct. (Green Mountain Power Corporation 's Code of Ethics and Conduct)4. Code of Ethics for Directors, Officers, Employees, and Agents GMP's code of ethics calls upon its personnel at every level to tell the truth, obey the law, treat others with respect, and avoid conflicts of interest. The interest and confidence of the customers and the community at large are held paramount so as to avoid even an appearance of illegal conduct. Discriminations and harassment at the workplace must be avoided as the company has expressed, in no uncertain terms, that it will not tolerate such acts. Conflicts of interest between