His attempt to revive the Roman Empire was a successful one, both in terms of power and longevity. Justinian’s legacy would be that of the most successful Emperor of the Byzantine Empire. The empire expanded under Justinian because of his ability to pick exceptional advisors. The men that he gave power to owed this to him, and were very loyal. Despite many periods of financial and military crisis where the empire faced threats from all sides, it always managed to come through, often due to the Emperor’s advisors.
2. What changes in the global industry structure and competitive dynamics led France and other traditional wine producers to lose market share to challengers from Australia, US and other New World countries in the late twentieth century? Global wine market has undergone great changes during recent years. Besides declining consumption pattern there has been other impacts why world wine market share pie has been redivided. France wine industry has been sleeping on its past laurels and didn’t to notice changes in global wine industry and more important- changes in consumers, its tastes and consumption habits.
The slump was due to lack of marketing efforts and the fact that the vineyard was owned by a British company, Stout PLC, whose interest in Calaveras was low at best. Stout PLC acquired Calaveras as part of a larger conglomerate vineyard purchase and simply wanted to sell Calaveras to focus on larger wine and spirit markets. In a six year period, Calaveras changed ownership three times and despite this, Martinez and Newsome worked hard to keep their family-rooted reputation. They improved brand recognition and overall market position through major capital improvements, technology enhancements, market segmentation, and quality control
SWOT Analysis Strengths The internal assessment of an organization begins by identifying the company’s strengths. A company has a competitive advantage over rivals when it is able to implement value-creating strategies using its own resources, capabilities, and core competencies. Ralph Lauren has successfully aligned their core competencies in order to meet demands from their customers and maintain a sustainable competitive advantage over competitors. Distinct Image and High Brand Recognition: Ralph Lauren is one of the most recognized brands in the world due to its premium product lines. With such recognition, Ralph Lauren has been able to expand its product offerings from not only men and women’s apparel, but also into jewelry, fragrances, and home furnishings.
Medtronic Case Writeup 1) What were the root causes of why Medtronic nearly lost its position as market leader in the 1970’s and 1980’s? Medtronic was not the market leader in the 1970’s and 1980’s because of a combination of unique industry factors and the lack of a sufficient product planning/development system in place at Medtronic. In the market, competition from other companies was rapidly increasing during this time. As such, technologies were always changing, and there were higher expectations [for product quality and differentiation] for newly released products. Meanwhile, at Medtronic, their product development was falling behind.
First, France had a comparative advantage manifested in climate and natural resource endowments. Indeed France was particularly successful in promoting this advantage and perpetuated the idea of “terroir”, which represented the impact of the combination of soil, climate, rainfall and other cultivation factors in providing a taste of individuality to the French wine. This, and that was long considered a strong barrier against market entry of foreign competitors. This concept of innate French superiority was not debunked on the world stage until the 1976 “Judgment of Paris”. Second, France adopted some innovations that they thought will greatly benefit the wine industry, for instance producing and utilizing glass bottles, using cork stoppers and application of pasteurization techniques.
Efforts however are being made to bestow Wines with its rightful glory. Recently Karnataka state has declared that Wine would not be counted as a variant of Alcohol. The Wine Club continues to organize Wine tasting parties to make Wine all the more popular among countrymen WINE Wine is produced from grapes, and fruit wine is produced from fruits such as plums, cherries, or apples. Wine involves a longer (complete) fermentation process and a long aging process (months or years) that results in an alcohol content of 9%–16% ABV. There are basically three types of wine: 1.
Moreover we have to keep in mind that thanks to previous Spanish domain there were already a basic tradition in wine production. To those elementary conditions we have to add the the growing demand of wine in the State of California that supported an industry that needs several years to repay initial investments. Here we have to consider that the presence of taxes on imports and the high costs of transportation due to the distance of other wine producers from Californian market, protected Californan producers form foreign competitors. On investments we have to remain that a developed capital markets and well managed financial istitutions allowed the firms to collect enough money to start production activities. Finally we have to mention the role of technology in California that allowed local producer to reduce the gap with European ones.
Especially three main customers announced bankruptcy during this period. Moreover, the main supplier’s foam gave off bad smell after being incorporated in Simmons product. Finally, he employees lack team spirit, people skills and communication skills (both at a horizontal as well as vertical level). Since Charlie Eitel was hired as CEO, his goal is to make the company a place where people like to work and with whom customers like to deal with. He made effort on product innovation, reorganized the management, and focused on customers’ needs.
"The cork industry, the wine industry, and the need for closure." Answer the 10 questions at the end of the case 1 To what extent is the cork industry guilty of complacency and a lack of innovation? The cork industry is guilty of complacency and lack of innovation because they failed to recognize the changes in the wine industry. The wine industry was experiencing a revolution where new producers from Australia, California and Chile had new and different requirements. It took only a matter of years for the industry to change completely and the cork industry did not jump on the band wagon when it needed to.