Business Strategies And Objectives Of Next Economics Essay

Business Strategies And Objectives Of Next Economics Essay Next is a UK based retailer with its Headquarters in Leicester, UK and offer wide variety of brilliantly designed, outstanding quality of trend and accessories for men, women and children collectively with a full variety of home ware (Next Plc). In 1864 it was founded by J. Hepworth & Son under the name of Gentlemanà ¢Ã¢â€š ¬Ã‚ ²s Tailors (Next Plc 2011) Next is the oldest company which has been trading for nearly 150 years and was initially created in 1982. Most recently Next was established as authorized Clothing and Home ware supplier to the London 2012 Olympic and Paralympics. Next will also supply outfit for Team GB for the opening and closing ceremonies, and will fabricate uniforms for 4,500 technological officials and suits for reception staff and will deliver bed linens and other home textiles for the athletes’ village (Next Plc 2011) . Next owns more than 500 stores in UK. Next has franchises more than 180 stores and active in continental Europe, Scandinavia, Russia , India, Japan and the Middle East. Next provides a directory, it is a home shopping catalogue and website with nearly 3 million active customers and also has an international website capability in more than 30 countries worldwide (Next Plc). Next Plc is listed on the London stock exchange and is part of the FTSE 100 Index. Total revenue for the year ended January 2011 were  £3.5 billion with pre tax profits of  £551 million (Next Plc). Next’s other business groups include (Next 2010): Ventura: Clients wishing to subcontract their consumer contact management and accomplishment activities Venture provides customer service management to them. Lipsy: Through wholesale, retail and internet channels, Lipsy create and sell its own labelled younger women’s trend product. Next sourcing Ltd (NSL): Design sources and buy Next’s products. Business Strategies and objectives of Next The prime financial objective of Next group is delivery of sustainable long term growth i n earning per share (EPS). Next believes the following strategies will help achieve the objectives at its best (Next Plc , january,2011): Maximising the amount of Next Directory consumers and their standard spend. Maintaining group’s financial power through a well-organized balance sheet and financing composition. Managing gross and net margins by continues cost control, well-organized management of stock levels, working capital and improved product sources Developing and improving next product ranges, achievement in which is reflected in total sales and sales performance. Cancelling and Purchasing Next shares while it’s earning are attractive and in the interest of shareholders generally. New stores review must meet challenging financial criteria prior to the investment is ready and achievement is precise by calculating achieved sales and profit contribution against appraised goals (Next Plc , january,2011). Marketing and Marketing Mix Place: Operates in UK and Europe , Middle East (reportlinker 2009,february ). Also operates in Scandinavia, Russia, India and Japan (Next Plc). Next sources operate in mainland China, Honkong, Srilanka, India and UK (Next Plc , january,2011). This show, Next stores are spread globally. Product (or services): Includes womenswear and accessories, menswear, home interiors, childrenswear, Next flowers, NX sports, electrical, designer branded fashion and baby boutiques (Next Plc). Improvement in customer service by introducing initiatives such as next day delivery for orders placed before 9 pm (Next Plc , january,2011).

Effect of Conquest of America on Europe's relationship with Africa and Essay

Effect of Conquest of America on Europe's relationship with Africa and Asia - Essay Example Each ship that ventured out to the unknown world has gold, territory and glory as objectives for the country it served. When America was discovered, it was found that its natural resources were in abundance and in the flurry of new explorations fueled by the American colonial success, they found Asia and Africa and the new resources that they had to offer, resources that can be easily exploited and easily compliment their interests in the New World. It is in this respect that the African slavery became significant. The mines of Peru and Mexico, the plantations in Brazil and the Caribbean - they required new laborers after the number of indigenous peoples were effectively decimated upon the arrival of the colonizers. According to Crosby (2003), the Andean Inca civilization alone lost more than 8 million of its 9 million indigenous natives (22). During most of the period of colonization of Africa, its main utility for its colonizers were its slaves. Millions of Africans were shipped to the plantations in America and this trade in itself has been a major source of revenue for Portugal. Besides the slaves, however, Africa also supplied ivory, gold, diamonds, cocoa, nut oils and timber. The case of Asian relationship with Europe, the situation is a little more different than the African experience. Unlike the latter, Asia fell to European colonization rather later. It was only after the 1850s wherein the West made some significant headway in colonizing the Far East. This variable contributed to the manner by which the Asian colonies were exploited and administered. For instance, Spain ruled the Philippines through Mexico. Then, Asian slaves were not common while their raw materials produce and other products were either sent to Europe or to Latin America for processing. Britain was also able to milk India dry with its precious stones, spices, tea, and other resources. Asia, somehow, was treated like Latin America, a source of wealth for its masters that wield their power from Europe but not in the degree or manner the Europeans exploited Africa. What the colonization of the Americas, Asia and Africa demonstrated was the fact that these continents became embroiled with some form of globalization especially producing a type of division of labor that we could actually identify as roughly similar to what we have today. One analogy that could probably describe the situation was how other races were exploited in order to enrich and provide for the requirements of the European imperialists. A less emotional description would argue that during the age of colonization, nations became engaged with specialization in goods production and in occupation by their respective peoples, according to the resources of their home countries and their status in the empire that they belong. An important variable that must be underscored in this investigation is the fact that the European hegemony during the Age of Discovery is not mainly driven by the absolute superio rity of the European technologies and weaponry. Spain, for example has risen to its imperial status and consolidated its global

Discussion Essay Example | Topics and Well Written Essays - 500 words - 1

Discussion - Essay Example Personality characteristics, such as shyness, or a reluctance to be frank with people not known on a personal level, also come into play. These barriers can be overcome by gathering regular feedback and arranging meetings in which the team members make physical contact and have an idea of whom they are working with. Technological training is essential for every member to be comfortable with the software used. When Virtual Communication is reinforced by written and spoken communication, the margin for error decreases. Communication Barriers are usually centered on different perceptions of work expectations and are often aggravated when the supervisor resorts to indirect channels such as e-mails, where the chances are high that the meaning of the message gets distorted. The employee may not be comfortable with the computer technology used. Even a telephone line with noise distortion can pose a barrier to communication. The employee, who differs culturally from the supervisor in terms of education, economic background, religious beliefs and other personal traits, may misinterpret the supervisors’ communication, particularly when a language barrier exists and the employee is not fluent in the language or the jargon of the work place. Emotional overtones also tend to confuse the receiver of the message. These barriers can be overcome by the supervisor having a clear idea of his expectations from the employee, communicating on a face to face basis, using gestures and other non-verbal clues to r einforce the message, using a noise free, relaxed environment, reducing the links in the channel of communication, gathering employee feedback and regularly monitoring performance. Corporate ethics can be subjected to various interpretations, particularly in the context of cultural differences. The Japanese business culture, in which expensive gifts are considered a symbol of the esteem in which the business is held, is opposed to our perception of gifts as bribes and

Marketing over 50's to St Lucia Essay Example | Topics and Well Written Essays - 3250 words

Marketing over 50's to St Lucia - Essay Example It appears that the original designation was "Sainte Alousie," the name used in Father DuTetre's 1664 volume on the Antilles. Despite the fact that numerous thousands have immigrated to different parts of the Americas and Europe, particularly throughout the twentieth century, this ID remains solid, even around those conceived in the diaspora. The inquiry of an imparted society is quarrelsome, for Saint Lucians are partitioned along numerous lines, yet there is a feeling of fitting in with a place, an area, of which they have a feeling of ownership. One forcing thing of regular society could be Kweyo`l or Patwa, the French-inferred creole dialect spoken by most Saint Lucians. In any case, numerous brought up abroad don't talk the dialect, and Saint Lucians likewise distinguish that their Kweyo`l is practically indistinguishable to that spoken on Dominica and the French islands of Martinique and Guadeloupe. (Munar, 2011) The "creation of tourism as a pay exceptional" rose in the 1950s with the development of disposable pay for pay labourers in streamlined nations. The advancement of tourism as an improvement apparatus started in 1969 with a counselling report finished by Checchi and Company, a private universal advancement counselling ?rm spend significant time in tourism and local improvement. It expressed that any yearning to aid the individuals of the Eastern Caribbean could be accomplished through the advancement of tourism. Tourism was pushed as having two fundamental points of interest: a wellspring of wage and a foundation for more stupendous universal comprehension. Basically, tourism turned into the methods by which Third World nations with little to offer yet nature could collect capital, and at last advance. Tourism as an advancement apparatus in the Caribbean developed ?rst in Puerto Rico, Bahamas and Jamaica in the late 1950s and unanticipated 1960s, and inevitably spread Tourism as a Development Tool in the Caribbean and the Environmental By-items: The Stresses on Small Island Resources and Viable Remedies Janouska Grandoit International Relations, Economics, The Maxwell School of Syracuse University In the Caribbean, land and seaside assets have supported a moderately little populace for a considerable length of time, yet with an increment in present day monetary movement the islands' biological communities are under expanding weight. Without reasonable arrangements that address the main impetuses behind these weights, economical improvement in the Caribbean islands is not conceivable. Nature is frequently traded off by the instantaneous requirement to create outside trade, for the most part through tourism. On the other hand, it was the coming of the streamlined upset and the creation of the steamship in the nineteenth century that denoted the rise of venture out to fascinating goals, particularly for recreation purposes. Around then, travel was expensive to the point that just the rich could take preference, and tourism in Barbados was a selective diversion, organised at the activity of private people, with practically no legislature inclusion inside the incipient area. It was not until the late 1950's and into the 1960's with the commercialisation of the plane motor that tourism developed as a real financial action in Barbados and critical indications of organisation and government inclusion surfaced. From around the 1640's, sugar had been the motor of development of the Barbadian economy, and spoke to the most predominant wellspring of outside

What is virtue and what helps promote a virtuous life Essay

What is virtue and what helps promote a virtuous life - Essay Example When principled love is exercised, there is no law that is against love, it encompasses all goodness and virtues. The Apostle Paul described principled love with the following words in the Holy Scriptures at 1 Corinthians 13:4-7 which says: Love is long-suffering and kind. Love is not jealous, it does not brag, does not get puffed up, does not behave indecently, does not look for its own interests, and does not become provoked. It does not keep account of the injury. It does not rejoice over unrighteousness, but rejoices with the truth. It bears all things, believes all things, hopes all things, and endures all things. Long-suffering or patience no doubt is a virtue worth emulating. Economic hardship and the daily stress of life can easily make one impatient and loose self-control causing tensions in relationships within the family, in workplaces, and in the community. But with the exercise of love, one is willing to suffer the tensions, weaknesses, and show kindness despite unfavora ble circumstances. There is humility in love. A truly humble person is not contentious and does not seek to compete to gain favor, honor, and praise from onlookers. One does not step on the rights of others just to be on the pedestal but recognizes personal limitations. In this highly competitive world, exercising true humility is a real challenge but with love, pride is conquered. Love is willing to forgive trespasses, conscious of the fact that every now and then humans err as a result of sinful tendencies. Love readily forgives and without harboring pain and revenge. This is a virtue that fosters peace and harmonious relationship. Love is truthful, faithful, loyal and prudent. When there is principled love, there is no deception, infidelity, and indecency. Love works for what is good towards all and is willing to suffer pain and inconvenience to allow some degree of comfort and joy to those who are in greater distress. God is love (1 John 4:8). Because love is the personification of God, and God is all goodness, then love encompasses all goodness. It is the source of all virtues. In an imperfect world, it is not always easy to exercise love and to live a virtuous life. Aside from imperfection, there is the pressure of everyday living and the influence of the people around. It is during trials that a virtue is magnified. In times of dire need, and extreme poverty it is a challenge to exercise love of neighbor through honesty. It requires strength and courage to return a wallet full of money when one badly needs money to buy food for the family or buy medicines for a sick loved one. Likewise it is extremely challenging to endure injustice when the suffering has become unbearable to the point of death. It is challenge to live a virtuous life when most of the people are no longer virtuous and yet they are living better lives and enjoying unreasonable profit of corruption and greed. Furthermore it is a real challenge to live a virtuous life, when one is raised i n a family whose culture is far from being virtuous. Love must be more overwhelming to conquer these challenges and live the excelling way of living a virtuous life. Elements in Society that Promotes a Virtuous Life To learn the ways of love is to learn the virtues to live. Love as the embodiment of virtues must be inculcated in the heart and mind right

Technologies and Innovation Essay Example | Topics and Well Written Essays - 750 words

Technologies and Innovation - Essay Example Technology and its innovation tend to change every so often that concentrating in one particular aspect of technology is hard. As mastery of the current technology is achieved emerging technologies and innovation makes the current technology passe if not archaic. And the whole cycle of self–education or formal education starts again. The dynamism of information technology therefore has created opportunities within the industry that should be explored further. Governance framework is an area of information technology that is often neglected during implementation or use of technology. This framework is technology generic and it is not specific or partial to the type of technology being implemented. However, the success of a business is often dependent on these two success factors. Often technology is implemented with the promise of reduction of operational cost, increased profits, efficiency and expansion of business interests. However, as each concept or framework is implemente d the true measurement of technology’s impact has yet to be realized.   Many organisations have come to recognized that they can gain more and up-stand their competitors better in the marketplace with the use of technology. Appropriate and clever use of information systems by organisations can achieve great successes and expand opportunities. There is no limitation in combining information systems and businesses today which provide opportunities for opportunities for growth. Also, using information systems today has became essential to many organisations rather than ‘nice to have’. Globalization forces many organisations to enhance the quality of services and product in order to survive and be competitive in the marketplace. As globalization provides many opportunities to success, it is also carry some risks. Thus, clever use of advancement in technology and information systems can help in the exploitation of these promising opportunities. The available material for this area of research exists in abundance and is readily available in journ als, books and other literatures. However, most information that is readily available is the successes and pains of organisations in implementing their Information System strategy. However, the framework that they have adopted needs to be explored so that the best possible permutation of frameworks or strategies that can produce the best result can be formulated. Information Systems can transform the traditional way of doing business today in order to be better.  

Political Parties Essay Example for Free

Political Parties Essay Political parties are an essential component within a democratic society. By competing in elections and encouraging citizens with certain different views of society, parties also offer citizens a wide variety of choices in governmental representation, opportunities for political contribution, and chances to form their country’s future. Although political parties play such an influential role on a country, often the concerns of the people fall on deaf ears, breaking down the trust that the public had within the parties. When public assurance in political parties is diminished, the whole democratic system falls victim to it. In all democratic systems, the party system must be deeply and strongly rooted in the make up of society. Political parties are the main framework of any democratic society. They are the means by which the public come together freely to drive for the presidency, express their ideas, and define their ambitions for their civilization. There may be political parties without democracy being apparent, but there can be no democracy without political parties. Parties in many countries, including our own South African parties, may be faulty, but they are also crucial in democratic authority. When political parties function effectively, they succeed in developing a few common ideas between a large group of people, and in doing this, they place pressure on the ruling party. Thus, they help put citizens’ small concerns into a national context. Citizens may be separated over leaders, or policies but political parties can organize these differences by compromising certain things and helping societies to unite. In addition, political parties train and nominate political leaders who will accept a role in ruling society. Through their efforts to control and influence public policy, political parties play an in-between role, connecting the organisations of government to economic, ethnic, cultural, religious and other general groups. They can convey support behind law, improving the public wellbeing, and develop citizens’ interests. Their participation in elections allows citizens to hold them responsible for their policies and actions. In multi-party systems, and based on the countries they represent, political parties often express contradictory views on public plans. These just differences of ideas are not only an important part of the democratic course, but the exchanges they generate can also help to create a better understanding of the issues and possible solutions, possibly leading to new insights. Further, when parties in competition present themselves as an alternative, all parties always try to obtain the best plan in public interest, therefore the winner in the end is society.