country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Integrated Business Experience: Home Furnishings

tag 0 Download6 Pages / 1,291 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Write about the Integrated Business Experience for Home Furnishings.

 

Answer:

Introduction

Hermes of Paris was established in 1837 by Thiery Hermes. The company deals in highly luxurious products that are in fashion. It mainly specializes in lifestyle accessories, leather, jewelry, home furnishings, perfumery and ready-to-wear. The company is guided by a brand philosophy that focuses on the product rather image creation. The company was initially focused on serving the European noble people but has grown over time to help all people across the globe. It has collaborated with most of the large enterprises in the world to deliver the best and to reach more customers all over the world (Colino 2010). 

Organizational Culture of Hermes

Organizational culture refers to beliefs and values which dictate the way employees behave in the company. The corporate culture is a strong force, and it governs most parts of people's behavior such as how they act, dress, communicate and the general way of doing their tasks. Hermes, like other multi-national companies, has an organizational culture identified by the seven characteristics. These features are support of innovation, the attention to detail, emphasis on the relationship with people, encouragement of teamwork, being result oriented, rule oriented and employee aggressiveness. All these aspects of organization culture of Hermes have contributed to the growth of the company and also its general business sustainability (Islam et al. 2009). The company has applied these aspects of culture both in Australia and in France; it’s the home country.

To improve, sustain and ensure continuity of the organizational culture, Hermes has come up with specific strategies that have been implemented to achieve. Firstly, the company ensures that new employees are trained for three days to make them feel close to the organization and also understand more about the Hermes organizational culture, values and philosophies. This strategy has been embraced in Australia and other branches of the company outside France.

Also, the company doesn't endorse products specifically for Australia, but rather it sells similar products across the world.  This significantly promotes oneness and product quality level sustenance in Australia and across the globe. This organization also prepares for a one-day showcasing of products from all its stores. This makes each store to work hard and present the best thus promotional of the organizational culture. This among other strategies has helped Hermes to develop and sustain its organizational culture unlike other organizations (Modaff et al. 2011).

 

Global Corporate Social Responsibility of Hermes

Corporate social responsibility refers to the company’s aspect of the integration of the concerns of the social life of people and the environmental well-being with a target of improving the interactions of the organization with its stakeholders. Hermes as a multi-national company has shown a lot of concerns about its corporate social responsibility across the globe. The business has put a lot of efforts in conserving the environment and also to support their stakeholders in many ways thus interaction.

In 2008, Hermes founded Foundation enterprise Hermes as a body concerned with the corporate social responsibility in Australia and other branches. This body extends the companies concerns to improving the philanthropic support (Warf et al. 2007). The body works in reflection to the organization's core values because the company has embedded corporate social responsibilities in its core values supporting both individual and group's cultural and charity projects. This, therefore, shows that Hermes is hugely committed to the corporate social responsibility both locally and across the globe (Hermes 2010).

The Corporate Social Responsibility policy of Hermes promotes and supports the creative arts. It has identified the individual talents or other organizations in creative designs and then supports them both from Australia and in the home country. This organization also supports the traditional crafts. It identifies the persons with the skill and expertise in the traditional arts and helps them in all ways possible. This support is critical in the society, and therefore, the local talent is mentored thus improving the company’s interactions with its stakeholders (Eisingerich & Ghardwaj 2011, pp 17–18).  

Also, Hermes has promoted education and training. It has supported the establishment of schools and training centers for arts and creative designs. This made the Australians access these educational facilities quickly and hence their growth. Also, Hermes, like any other company concerned with corporate social responsibility conserves the environment. The company prioritizes environmental well-being in its operation. It tries to avoid environmental pollution and is trying to adopt biodiversity and the general green policy (Kock et al. 2012, pp 492-514).

Global Competitive Advantage of Hermes

Competitive advantage defines the specific conditions that enable a given business organization to produce its products at a lower price or to produce more desirable products to its customers. This helps the business to generate more value to its stakeholders than other competitor firms (comparative advantage) or production of goods that are different from those of the competitors thus they are seen to be superior in the market (Erica 2012).

Hermes is a company that has been a market player in Australia for a long time producing distinctly expensive products. The company makes prestige products that are high in price, but of the highest quality in the market. The organization has continuously maintained its unique process of product manufacturing through its handcraftsmanship thus this has guaranteed its product quality such as in the production of its leather bags. This has helped it to maintain the brand name and has already created a perception of its product superiority by the consumers since they derive more value out of this thus their competitive advantage.

Good brand image of Hermes in Australia has also helped it to take the best pricing strategies in the market for its benefit. The organization sets the prices for its products basing on how it is conceived, the manufacturing cost and the product in distribution.  Company product prices are therefore not influenced by its competitors. Also, Hermes enjoys the competitive advantage in distribution into the market because it already has its roots established in the active fashion market areas. Some of these regions include Japan, France, USA, Asia-pacific regions and Europe. It is, therefore, difficult for other competitors to come in and take the position in these areas to beat Hermes which has a strong brand name in those fashion market areas (Marquis et al. 2013, pp 193–243).

Conclusion

In conclusion, every organization needs to understand and promote a healthy organizational culture since it has a significant influence on the staff and how they perform their tasks. Agencies also need to consider the corporate social responsibility because they improve the interaction with the stakeholders. Besides, businesses should also comprehend the various competitive advantages that they possess. Understanding these concepts is essential for the success of the organization.

 

References

Colino, Nadine (2010). The Hermes Scarf: History & Mystique. Thames & Hudson. ISBN 0-500-51518-2.

Eisingerich, A. & Ghardwaj, G. (2011). "Corporate Social Responsibility: Does Social Responsibility Help Protect a Company's Reputation?".  pp 17–18.

Erica Olsen (2012). Strategic Planning Kit for Dummies, 2nd Edition. John Wiley & Sons, Inc

Hermes (2010). The Hermes Responsible Ownership Principles, Hermes Pensions Management Ltd.

Islam, Gazi and Zyphur, Michael. (2009). Rituals in organizations: A review and expansion of current theory. Group Organization  Management. (34), 1140139.

Kock, C.J., Santalo J. and Diestre, L. (2012). Corporate Governance and the Environment: ‘What type of Governance creates Greener Companies?'. Journal of Management Studies, Vol. 49, Issue 3, pp 492-514.

Marquis, Christopher, Tilcsik, András (2013). "Imprinting: Toward A Multilevel Theory." Academy of Management Annals. Pp 193–243

Modaff, D.P., DeWine, S., & Butler, J. (2011). Organizational Communication: Foundations, Challenges, and Misunderstandings (2nd Ed.). Boston: Pearson Education

Warf, Frederick P. Stutz, Barney (2007). The World Economy: Resources, Location, Trade and Development (5th ed.). Upper Saddle River: Pearson. ISBN 0132436892

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Integrated Business Experience: Home Furnishings. Retrieved from https://myassignmenthelp.com/free-samples/integrated-business-experience-home-furnishings.

"Integrated Business Experience: Home Furnishings." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/integrated-business-experience-home-furnishings.

My Assignment Help (2018) Integrated Business Experience: Home Furnishings [Online]. Available from: https://myassignmenthelp.com/free-samples/integrated-business-experience-home-furnishings
[Accessed 13 July 2020].

My Assignment Help. 'Integrated Business Experience: Home Furnishings' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/integrated-business-experience-home-furnishings> accessed 13 July 2020.

My Assignment Help. Integrated Business Experience: Home Furnishings [Internet]. My Assignment Help. 2018 [cited 13 July 2020]. Available from: https://myassignmenthelp.com/free-samples/integrated-business-experience-home-furnishings.


For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Management Samples

U22223 Management Essentials For Health And Safety System

Download : 0 | Pages : 14
  • Course Code: U22223
  • University: University Of Portsmouth
  • Country: United Kingdom

Answer: Introduction Health and safety legislations are a key part of every jurisdiction. This is not the case of UK alone, but for every other nation. These legislations are based on the system which had been recommended in 1972 by Lord Robens to the British government. It was stated in this report that the key responsibility of doing something regarding the levels of occupational accidents and the disease stems from those who form such ris...

Read More arrow

4LMS0001 Introduction To Biochemistry

Download : 0 | Pages : 5
  • Course Code: 4LMS0001
  • University: University Of Hertfordshire
  • Country: United Kingdom

Answer: Introduction: 1) According to the Embden-Meyerhof pathway, the pentose cycle involves the conversion of glucose molecules (and fructose molecules) to CO2. Glycolysis involves the conversion of glucose to produce ATP. 3 pentose phosphates elements are converted to form fructose 6-phosphate and triose phosphate . The 14C are used directly while the fructose 6-P is not broken down to Glucose. As such, the 14C is used up to complete for t...

Read More arrow

PI306 C++ Programming

Download : 0 | Pages : 9

Answer: Introduction In this project we have developed a prototype for Student information management system. For this, we have used the C++ language in order address the essential functional requirements as well as one of the Functional requirements.  Using this prototype of student information management system, the users will be able to store different student data, display and update the records of a student after searching for the s...

Read More arrow

ENCIV 7060 Road And Traffic Engineering

Download : 0 | Pages : 10
  • Course Code: ENCIV 7060
  • University: Federation University
  • Country: Australia

Answer: Summary of existing conditions and LOS Existing freeway section 1000 m = 1 km Number of asphalt-grade lanes = 4 (2 in each direction) Lane dimensions = 3.7m lanes with 0.3m right shoulder lateral clearance and 1.2m median with a concrete barrier Total right-of-way = 21.8m Interchange density = 1 per km Design speed = 90 km/h (upgrade) and 1000 km/h (downgrade) Peak hour volume = 1280 vehicles on a grade of 5% 5% trucks, 4% buse...

Read More arrow

BSBMGT502 Manage People Performance Method

Download : 0 | Pages : 3
  • Course Code: BSBMGT502
  • University: Victoria University
  • Country: Australia

Answer: Introduction: The marketing manager should determine the demand for products and the services that firm offers and also its competitors and potential customers. He should develop the pricing strategies with the aim of maximizing profits of the firm and the share of the market by ensuring all customers are satisfied. He should improve the products and monitor its trends that show the need for new products and services. ii) KPIs Enh...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,360,695

Orders

4.9/5

Overall Rating

5,081

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

154 Order Completed

97% Response Time

Harold Alderete

PhD in Economics

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2109 Order Completed

99% Response Time

Emma Zhong

Ph.D in Project Management with Specialization in Project Communications Management

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

The paper was well written, although there some changes needed to be made , overall im satisfied.

flag

User Id: 438520 - 13 Jul 2020

Australia

student rating student rating student rating student rating student rating

It was a perfect work. Nice analysis and organized. I also appreciate that they were very fast.

flag

User Id: 341163 - 13 Jul 2020

Australia

student rating student rating student rating student rating student rating

THIS WAS HANDS DOWN THE BEST PAPER I\'VE EVER RECEIVED FROM A STAFF/TUTOR ON THIS SITE. IT WAS VERY WELL WRITTEN - GRAMMAR ERRORS WERE VERY MINOR & NOT NOTICEABLE. I DIDN\'T HAVE TO EDIT MUCH TO SUBMIT THE WORK. I DEFINITELY WOULD LOVE FOR THE PERSON...

flag

User Id: 234292 - 12 Jul 2020

Australia

student rating student rating student rating student rating student rating

Always fast and efficient. They seem to care about delivering good work to the students. My powerpoint was nice and well put. I will continue to use your services.

flag

User Id: 451381 - 12 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?