When Waksal found out that the FDA was going to reject ImClone’s application for approval of its cancer drug. It is believed that he told Martha about the rejection which they knew would eventually result in the company’s significant stock price drop. Martha sold about 4000 shares that she had and avoided loosing approximately $45,000. Martha and Waksal had a mutual broker, Peter Bacanovic from Merrill Lynch .Waksal tried to call Bacanovic but he did not reach him. He then called Bacanovic’s assistant Doug Faneuil and told him to sell the stock.
* About 81,000 permanent staff * 288 Waitrose branches * 39 john lewis branches * Annual gross sales of £8.7bn * John spedan lewis set up the partnership * His combination of commercial acumen and corporate conscience, enables the john lewis partnership to be as successful as it is today * Won retailer of the year in 2011 * Waitrose Has a market share of 4.2% * AN EXAMPLE OF EXCELLENT CUSTOMER SERVICE * My parents had bought a table from John Lewis * Unfortunately during transit it was damaged * The John lewis delivery team apologised and instantly called their manager to arrange a second delivery for the table. * We had a phone call about a day later from a John Lewis furniture manager apologising for the inconvenience and offered a discount off of the cost of the table. He also told us that he had arranged for the table to be delivered to the store first to be
La-Z-Boy strives for products that are synonymous with quality and comfort, while Ikea chooses to offer many products for the home at a cheap price. Ikea was founded in 1943 by 17-year-old Ingvar Kamprad in Sweden, with the idea of offering products for the home with good function and design at prices much lower than any competitors (Albarrak 2). The Ikea business approach is strong and versatile, and attempts to create modernly designed goods at affordable prices in an effort to reach a very broad audience of consumers (Dahlvig). This model has led to Ikea being the largest furniture retailer in the world, and consequently the third largest consumer of lumber in the world behind Home Depot and Lowe’s (Butler). Ikea has achieved this success by offering inexpensive and affordable goods for the entire household in a one-stop shopping experience.
Both the home depot and Lowes carry merchandise for home, garden, lawn, landscaping, and many other merchandising projects detailed for remodeling and repair. In looking at the history of these two companies, I found they both started on similar visions and now are essentially dominating the home improvement industry. Whereas the Home Depot started very early to identity itself to the DIY consumer, market forces pushed Lowes to find new markets to survive. Both companies have similar strengths, but Lowes weaknesses and inability to outperform The Home Depot puts the latter farther ahead of
G.G. Toys is a manufacturer of dolls located in the United States which was leading supplier of high quality “Geoffrey dolls” to retail stores throughout the US. Increasing production costs required the company to shift the product mix toward specialty dolls. Because of the high margin, Mr Parker was willing to accept many orders for specialty branded dolls even if this meant that the company had to lower production of the standard Geoffrey doll. At the same time, Mr Parker wanted to discuss about adding two more product lines with GG’s controller and manufacturing manager.
IKEA has been diversifying for a long time in terms of both product variety and geographical expansion. During IKEA’s early years in 1995, the company decided to start designing its own furniture due to competitors in Sweden. Because of this condition, IKEA turned to Polish manufacturers and they were able to deliver the same quality of product with smaller price. In 1997, IKEA embarked on a brand new concept which is bringing the design to children. To create a family experience for customers, IKEA consulted with a child psychologist in order
Substantial sales and goodwill losses on global level gave IKEA a $6-$7 million loss. • Social issue – child labor A Swedish television documentary showed children in Pakistan working at weaving looms where they were working on IKEA products. IKEA added a clause to all their suppliers stating that if they employed children under legal working age, the contract would be cancelled. The company later appointed a third-party agent to monitor child labor practices at its suppliers in India and Pakistan. IKEA had a hard time finding a legitimate company but later hired a well-known
Bosco has, within the last twelve months, moved into new retail territory. We now offer a range of fair trade clothing. This new expansion has brought with it competition from our rivals and stirred up many a debate. Boscos roots came from the north of England with a fruit and vegetables stall in Barnsley market in the 1920s by Joe Boden and in the 1930s his first corner shop opened, later followed by its first supermarket in Manchester in 1965. As the success of Boscos stores spread, so did the nature of its retailing.
As of August 2009, the chain has 301 stores in 37 countries, most of them in Europe, North America, Asia and Australia. IKEA is the world’s leading furniture retailer and has set new standards for competitiveness in household furnishings. The company has achieved this position by redefining the roles and interactions between the firm and its customers and suppliers. Since 1991, corporate policies about the company’s impact on the natural environment have been integrated into the parent organization. IKEA’s entrepreneurial initiatives in its industry need highlighting as well, which means that the case could also be used in a course on corporate entrepreneurship.
Mattel faced problem in the Middle East about religious and social grounds. Parents and religious leaders think Barbie is odd with their culture value and Arab girl’s reality is different from Barbie. In Brazil, Barbie has competition from local rival which has lower price and more realistic. However, Mattel found that they did not need a total overhaul their product to be successful, For example, Mattel launched Barbie with a painted head spot and dressed in Sari with universal Barbie in India. Moreover, Mattel fought competitors in Japan by joining forces with Bandai, Japan’s largest toy company.