Compliance of Mission, Vision and Initiatives of Levi Strauss & Co
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Added on 2023/01/13
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This document discusses the compliance of the mission, vision, and initiatives of Levi Strauss & Co. It also explores the drivers towards sustainability and positions intended for increasing profit.
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Running head: MANAGEMENT Business Name of the Student: Name of the University: Author Note:
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1MANAGEMENT Table of Contents Question 1: Compliance of the Mission, Vision and the Initiatives of Levi Strauss & Co.............2 Question 2: The Drivers towards Sustainability.............................................................................2 Question 3: Positions Intended for Increasing Profit.......................................................................3 Question 4: Elements that Company Should Eliminate for Increasing Profit.................................3 Resources:........................................................................................................................................6
2MANAGEMENT Question 1: Compliance of the Mission, Vision and the Initiatives of Levi Strauss & Co Themissionof the company lies in sustaining a commercial success as one of the global company of the branded apparel. Levi Strauss & Co also works towards balancing the goals of the profitability, return on the investment, market positions of leaders and the superior service and products as a part of its mission. The Company also looks forward to maintaining a productive and safe working environment often characterized by teamwork, fair treatment, personal accountability, open communication and the opportunities of development and growth. Thevisionof the company identifies it as embodiment of events and energy that inspires people with pioneering spirit. As far as the strategies are concerned, the management team remains focused in undertaking four initiatives that include (iisd.org, 2013): Driving a cost-effective business Ensuring the expansion of the brand’s reach and build a balanced portfolio Becoming one of the prominent omni-channel retailer Improving the cost structure for achieving the operational excellence. The mission, vision and the strategies all fits together since they sustain the profitable growth over the longer term for significantly improving the value of the enterprise. Question 2: The Drivers towards Sustainability The drivers pushing the business of Levi Strauss & Co towards Corporate Social Responsibility are as follows (levistrauss.com, 2016):
3MANAGEMENT Theshrinkage of the government resourceled to the adoption of non regulatory and the voluntary initiatives Thegrowing demands forcorporate disclosuresfromthe stakeholders that included the suppliers, customers, communities, employees, activist organization and investors Enhancedinterestofthecustomerswhichalsoreflectstheethicalconducton influencing purchase decisions of the customers. Growing pressure of the investorsas they constantly assess the performance of the company. Competitive labor marketsas employees seek out for the employers whose operating practice and philosophies matches their principle. Ensuring supplier relationsas the stakeholders are increasingly becoming interested in the business affairs of the company. Question 3: Positions Intended for Increasing Profit These include: Ensuring the growth of the profitable business Becoming one of the leading omni-channel retailer Expanding for More Achievement of Operational Excellence Question 4: Elements that Company Should Eliminate for Increasing Profit The company should work towards elimination of the risk factors for increasing profit. These risk factors include:
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4MANAGEMENT EconomicConditionsInfluencingConsumerSpending:Theanticipationofthe adverse economic conditionsas well as uncertainty leads to reduction in inventories, cancellation of orders and decline in the customer traffic thereby affecting profits. Competition within the Global Apparel Industry:The Company faces immense competitive challenges from varied casual apparel wear and Jeanswear companies that might lead to sales reduction thereby affecting the profitability of the firm (Taplin, 2014). Intense Pricing Pressure:This results in the reduction of the gross margins of products, enhances the demands of the retailer and enhances pressure on reducing the operating expenses and the production cost (Fernie, 2014). Enhanced Price of Raw Materials:This negatively influences the financial results of the firm.
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6MANAGEMENT Resources: Fernie, J. (2014). 02 Relationships in the supply chain.Logistics and retail management: Emerging issues and new challenges in the retail supply chain, 35. iisd.org (2013). Retrieved from http://www.iisd.org/business/issues/sr.aspx levistrauss.com.(2016).Growingwithpurpose.2016annualreport.Retrievedfrom http://levistrauss.com/wp-content/uploads/2014/01/Levi-Strauss-Annual-Report-2016- 1.pdf Taplin, I. M. (2014). Global commodity chains and fast fashion: How the apparel industry continues to re-invent itself.Competition & change,18(3), 246-264.