Definition of Enediol in Chemistry

An enediol is an alkene  enol with a hydroxyl group attached to both carbon atoms of the carbon double bond.   An example: Catechol is an enediol. Two of the hydroxyl groups are attached to one of the carbon double bonds in the benzene  ring.

Nestle s Corporate Social Responsibility Essay - 1190 Words

Nestle corporate social responsibility Introduction: - Nestle was established by Henri in 1866 and its central command are in a city called Vevey arranged in Switzerland. As it’s a multinational company it spread worldwide in numerous nations like India, South Africa and so on. Under the mission of great sustenance, great life they are giving extensive variety of nourishment items with the best tasting and brimming with nourishment. The 149 years opportunity of foundation itself uncovers the reasonableness, genuineness and long haul thinking. Every year nestle makes a few genuine strides as far as corporate social responsibility. As to maintain in corporate society each venture needs to make moves to enhance the general public ,whether regarding vocation ,new items changes in strategies ,administration survey and others writes of things. So as the indoor and outside environment ought not be influenced. Socially responsible investments As we discuss socially mindful interests as far as Meir stat man. He expresses that budgetary counsel takes it in the initially meeting. Also all the consultants transform into customers when they leave or never seen again. They conclusions exceptional interests in nature and worry about other ecological issues like worldwide warming, employees profits etc. They expressed that principle ranges of counsels is to augment the abundance of their customers by selecting speculations with the privilege blend ofShow MoreRelatedExecutive Report : Nestle Case Study1494 Words   |  6 PagesThe below is the case study report of Nestle company. In order to present this report, the above table of contents will be followed one after the other starting with the introduction to Nestle. 1.Introduction to Nestle. Nestle is the biggest food and beverage company established in 1866 by Mr Henri Nestle. It has its headquarters in Vevy, Switzerland but operates in Europe, America, Asia and Africa with 281,000 employees. Nestle is known for its milk based products, Ice cream, prepared dishesRead MoreNestlà © Company Management and Principles Essay1416 Words   |  6 Pagesdepends on the company ´s strategy and objectives. Organisational structure has a hierarchical nature. It is the specification of lines of authority and main tasks of an organization and it ´s subjects. The structure provides an information about the main responsibilities and roles assigned to the particular elements of the organisation. (Organizational structure, n.d., â€Å"Definition† section, para 1- 2) Chairman Peter Brabeck-Letmathe, who formerly held the function of Nestlà © chief executive officerRead MoreA Report On Nestle International Corporation Essay1745 Words   |  7 Pages Name- Bhupinder Kaur Abstract- In this report NESTLE international corporation will be a subjected of depth analysis. Main part of this report will be based on explaining with the Corporate Social Report of Nestle and the aim will be highlighting main issues considered by the company. Introduction- Nestle is a Swiss company, established in 1905 and providing wide range of food and beverage categories and eating occasions. The company have more than 2000 brands worldwideRead MoreWhy Corporate Social Matters : Nestle And Anglo Swiss Milk Company Essay1563 Words   |  7 PagesWHY CORPORATE SOCIAL RESPONSIBITY MATTERS STUDENT ID : I145018 BATCH NO. : DB7314 SUBMITTED TO : STUART MCNAB SUBMITTED BY : VAMSIDHAR REDDY KOTHINTI INTRODUCTION: For a business company like Nestle the important thing is understanding their successful work among the other companies and competitors in present market. Nestle was founded in 1867 by a German pharmacistRead MoreThe Shift Of Corporate Thinking : Roots And Development Of Shared Value Perspective1233 Words   |  5 Pages3.1 The shifts in corporate thinking: roots and development of shared value perspective Whilst philanthropy initiatives have existed since the Eightieth century, its spread and consolidation as a corporate practice gained relevance after the Great Depression and the World War II (Hall, 2006). The distinctive feature of philanthropy is its emphasis in charity and the underlying idea that social and environmental problems are not a direct responsibility of firms, but of the state and public sectorRead MoreSocial Responsibility And Corporate Responsibility1165 Words   |  5 PagesSocial responsibility should be important to businesses because it shows consumers and the media that the company takes a serious interest in doing what is right. These issues may be spread locally, nationally, or globally and could impact the health and wellness of customers and employees. Implementing a good social responsibility policy can impact buying decisions for consumers wanting to make purchases from an ethical company. Building a trustworthy reputation takes time, and effort, and i sRead MoreMarketing and Nestle Essay1604 Words   |  7 PagesThe paracrisis: The challenges created by publicly managing crisis prevention A Case Analysis Communication is faster than ever due to the advent of the Internet and social media which are venues for forum, interaction and information/issue dissemination, Today, nearly half a billion people around the world utilize the Internet. In the United States alone, about 155 million Americans access the Internet at home, with some citizens accessing the Internet only at work. Internet use by consumersRead MoreEthics, Corporate Social Responsibility And Fiduciary Responsibilities Essay1695 Words   |  7 Pagesto go the right direction. The definition of business ethics is the study of proper business policies and practices regarding potentially controversial issues. These issues include the global codes of ethics, corporate governance, corporate social responsibility and fiduciary responsibilities. Adopting business ethics is a critical aspect in a business organization. A business owner or employees will encounter people questioning the business practices the leaders run. This is critical for the businessRead MoreCase Study On Corporate Social Responsibility Essay2367 Words   |  10 Pages Corporate Social Responsibility (BU041A1) Case Study on Nestle– Assignment 1 Faculty – Stuart McNab Individual Assignment Submitted by Pavan Tirumalasetti Diploma in Business – Level 7 Student ID – i133442 â€Æ' Table of Contents Introduction: 1 Corporate Social Responsibility (CSR): 2 International multilateral organizations: 3 Monitoring and change the behavior of corporations: 3 Sustainable development and support of corporations: 3 Nestle corporate governance and business ethics: 4 Nestlà ©Read MoreRegulation Of Financial Institutes : Financial Institutions1344 Words   |  6 Pagesmoney-market mutual funds (MMMF). These institutes have many good effects on the cooperative world. In today s global world the main thing is corporate social responsibility (CSR) is improving public demand for greater transparency from multinational companies as well as the role of financial institutes. CSR is a new and growing financial risk factor. If it is mismanaged then a firm s corporate reputation can be damaged and a direct negative impact on its business and as a result the bottom-line may

Problems with Obama care free essay sample

Obama Care offers a number of protections and benefits to all Americans. Along with the 10 essential health benefits authorized by Obama Care, additional benefits range from slowly taking away pre-existing conditions to expanding health services. However, there are multiple problems with ObamaCare that Americans can’t stop talking about. Although Obama Care allows tens of millions of uninsured Americans get access to affordable health insurance, it also means there will be new taxes. Most of the new taxes are on individuals making over $200,000 and families making over $250,000, large businesses with over 50 full-time equivalent employees making over $250,000, and industries that profit from healthcare. Some major complaints from Americans is that the taxes are unfair to the young middle class, according to the Matthew Fleischer of the Los Angeles Times. â€Å"Most young, middle-class Americans I know are happy that millions of previously uninsured people will receive free or heavily subsidized insurance under the Affordable Care Act. We just didn’t realize that we’d be the ones paying for it,† Fleischer said in the article. Another issue with ObamaCare is maternity care. The Affordable Care Act mandates that all plans cover women having babies. Plenty of reviewers have since argued its unfair to make insurers cover maternity care. Lori Gottlieb from The New York Times said, The idea that they think that 50-year-olds should have maternity care is very concerning to me. According the article on The Atlantic, Harvard economist Greg Mankiw stated, Having children is more a choice than a random act of nature. People who drive a new Porsche pay more for car insurance than those who drive an old Chevy. Why isnt having children viewed in the same way? Americans are also having problems with the ObamaCare website according to CNN. com. Tami Luhby stated that Americans are having a tough time signing onto the Obamacare websites, even three weeks after the exchanges opened. Many are not happy with what they are discovering once they manage to get in. One of the major complaints of Obamacare includes the trouble getting onto the healthcare. gov. Healthcare. gov is the federal exchange that’s handling enrollment for 36 states. While others are stuck waiting on the â€Å"load† screen, others just simply get an â€Å"error† message. The federal and state exchanges are both working to fix the problems. â€Å"We are seeing progress: wait times to begin the online process have been virtually eliminated, and more consumers are creating accounts, completing applications and ultimately enrolling in coverage,† spokeswoman for the Federal Department of Health and Human services Joanne Peters stated. People have until December 15 to sign up for coverage that begins January 1, so hopefully all the bugs will be fixed before then. Another major complaint of Obamacare is people claiming that their information is not right. Some insurers are saying the applications they are getting from the exchanges are riddled with errors. Some contain duplicates with the same person signing up for different plans, and others are missing full names or numbers. Insurers are forced to contact the applicants to verify the information. As of now, there are only a small number of enrollees according to Allan Einboden, the insurer’s chief executive, but he has concerns of what will come when the flow picks up. â€Å"We’re glad we haven’t had tremendous volume because we wouldn’t have wanted to handle all that manually,† Einboden said. Administration declares they are working with insurers to address problems as they come up. An additional issue that is questioned by Americans looking into Obamacare is why it is called the â€Å"Affordable† Care Act. Because the Obamacare plans are more comprehensive, premium prices are soaring. One North Carolina woman said, â€Å"Obamacare is a nightmare for my family,† after she learned her current $267 plan was being canceled. The cheapest option for her family was $750 a month. Also, several people with employer-sponsored insurance are claiming their premiums are going up for 2014, which they blame on Obamacare. Companies are also changing their plans because of it. Health reform is contributing to higher premiums and plan changes. But Obamacare, which is imposing new fees on companies and insurers starting in 2014, is not the driving factor, experts say. Health care costs are rising because the economy is improving so people are going to the doctor more. Americans all over the nation are suffering and have been for the past 5 years. Although, ObamaCare didn’t cause the recession, people are saying it is not helping. After Yolanda Vestel, an average American, sent Obama a letter with her concerns with ObamaCare, it quickly went viral on a popular social network. In the letter Yolanda said, â€Å"I have a lot of concerns about the new â€Å"Obamacare† along with the taxes being forced on us Americans and debts you are adding to our country. † Yolanda then went on with a series of questions which included, â€Å"Have you ever sat and watched your children eat and you eat what was left on their plates when they were done, because there wasn’t enough for you to eat to? I have. † Yolanda then ended her letter with, â€Å"So thank you Mr. President, thank you for pushing those of us that are barely staying afloat completely under water and driving America into the ground. † Americans all over the nation are going through what Yolanda is going through, which is sad. Hopefully the flaws of ObamaCare can be fixed and people of this nation will stop suffering.

Quaker Oats Company Competitive Advantages

Introduction Quaker Oats Company is the leading supplier of food and breakfast cereal products in the US. The company has a long history, dating back to as far as 1901. In the current competitive markets, market segmentation is one of the strategies which can ensure that the company positions itself well so that it improves its level of profitability. This paper analyzes how market segmentation can give competitive advantage to Quaker Oats Company.Advertising We will write a custom essay sample on Quaker Oats Company Competitive Advantages specifically for you for only $16.05 $11/page Learn More Quaker Oats Company Business organizations aim to make a profit and increase their share of the market by making quality goods and services and by ensuring product availability to customers. Quaker Oats Company is not an exception; making a profit, and increasing the share of the market remains the company primary objective. To make a profit, Quaker Oats Company aims to satisfy market demand by employing skilled people to make quality goods. Reference for Business (2012), states â€Å"we plan to do this by making Quaker Oats a winning company, a place where talented people have opportunities† (para. 1). It is not enough to make quality products, consumers must access products where they live and work. In addition, Quaker Oat Company must make products for which consumers desire to buy (Reference for Business, 2012, para. 1). Looking at the future, Quaker Oats Company, must define its current market, cultivate future consumers, make quality products, and carry out an aggressive campaign to market its products. Market segmentation The first step at increasing market share involves determining the market segment to target and focus resources to that market. Business Dictionary (2012) defines market segmentation as â€Å"the  process  of defining and  subdividing  a large, homogenous  market  into clearly identifiable  seg ments  having similar  needs,  wants, or  demand  characteristics† (para. 1). The market appears homogenous, but when studied differences emerge based on age, consumer preference, location and income. For Quaker to succeed, it must segment the market and focus at satisfying the need of the market it chooses. Segmenting a market has the advantage of enabling an organization to satisfy consumers’ needs, and a result, develop a competitive advantage. Based on the nature of products manufactured and sold by Quakers Oat Company, its management must segment the market in three ways based on income, family type, and lifestyle. Income determines a person spending power; it enables marketers to determine the people to target.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition, income segmentation affords Quaker Company to price and package its products in sizes attrac tive to a target market. When segmenting the market for housing, clothing, automobiles, and food marketers must use income segmentation as a tool to determine potential consumers (Lamb, Hair, McDaniel, 2011). Another way of segmenting a market involves determining potential consumers based on family type. Some potential consumers are single; others have families with children and some are retirees; family type determines spending priorities. People of the same age and gender have different spending habits depending on the family type they have (Lamb, Hair, McDaniel, 2011). Quakers Oats Company can use geographic segmentation to design marketing strategy; this involves grouping consumers based on where they live. Quakers Oats Company faces competition from two oats manufacturers; Blue Lake Milling of Australia and Savour Company of India. Blue Lake has a competitive advantage because it has a policy of ensuring quality raw materials by enforcing a traceability policy. Blue Lake (20 12) claims â€Å"grain buyers’ work closely with Australian cereal growers to ensure the production of high quality grain†¦Ã¢â‚¬  (para .2). Savuor of India manufacturers white oats (Savour, 2012). Quakers Oats Company must enhance the production of whole grain oats for health conscious consumers. The company location in the United States gives it a competitive advantage it has to utilize to increase market share. Managers must develop a marketing program to popularize Quaker’s products; it includes shelf display and the electronic media advertising. Finally, to stay ahead of the competition the company must design improved packaging, develop unique oats blend and focus on health conscious consumers. Conclusion Differentiation through market segmentation is therefore a successful marketing strategy if applied effectively. Hence, Quaker Oats Company can gain competitive advantage in the global market if it builds a favorable image by successfully segmenting its m arket so as to meet the needs of similar customers. References Business Dictionary: Market Segmentation. (2012). Retrieved from www.businessdictionary.com/defination/market.segmentation.html Blue Lake Milling: The Journey for Your Rolled Up Oat. (2012). Retrieved from www.bluelakemilling.com.au/rolled_oats.htmlAdvertising We will write a custom essay sample on Quaker Oats Company Competitive Advantages specifically for you for only $16.05 $11/page Learn More Lamb, C., Hair, J., and McDaniel, C. (2010). MKTG4 2010: A Student – Tested  Faculty Approved Approach to Learning Marketing. Mason: Cengage Learning. Reference for Business: The Quakers Oats Company – Company Profile,  Information, Business Description, History, Background Information on  The Quaker Oats Company. (2012). Retrieved from www.referenceforbusiness.com/history2/41/The-Quaker-Oats-Company.html Savour: White Oats. (2012). Retrieved from www.savourindia.com/white-oats.h tml This essay on Quaker Oats Company Competitive Advantages was written and submitted by user Mekhi Dickson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Protean free essay sample

Examining the impact of protean and boundaries career attitudes upon subjective career success. This Journal by Enhance et al. Speaks about two kinds of employees and their career attitudes and they are protean and boundaries. Because of the theory that we are testing, we will only be looking at protean career attitudes and employees who follow them. Until recently, career development and success were looked at to be a full time and long-term Jobs.Recently, career development is seen as a person taking control of himself and his own career and vocational destiny. A protean employee can be defined as being someone who is able to change when needed and is someone who is flexible and has the skills to adapt to new changes. According to Brioche et al. (2006), protean career attitudes capture self-direction in career management and making choices based on ones own values in guiding ones career and vocational development. We will write a custom essay sample on Protean or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This also shows us that protean individuals tend to look at both self-direction and values driven predisposition. King (2004) also argued that taking responsibility for managing ones career development can deliver positive psychological outcomes, including career and life satisfaction, enhanced self-efficacy and individual well- being, if desired career outcomes are achieved.Taking into account the definitions of protean employees and their attitudes and looking at the theory we are presenting, we can hopefully find a relation showing that protean employees can help society. By having traits of self-direction and values driven, protean employees will ensure their Insertion Into society given the right Incentives. Slide Title: Examining the Impact of protean and boundaries career attitudes upon subjective career success. Protean and boundaries * Traditional career attitudes * Protean employee definition: * Brioche et al. 2006) * Self-direction and values-driven * King (2004) * Conclusion * Insertion Into society given the right Incentives Protean By Andalusias them. Until recently, career development and success were looked at to be a full driven, protean employees will ensure their insertion into society given the right incentives. Slide Title: Examining the impact of protean and boundaries career attitudes upon.

Quality Control for All

Quality Control for All Introduction/Executive summary This report involves the statistical analysis of data obtained from the previous jobs conducted by the Allrepairs staff. The performance of individual staff members is evaluated for all the jobs they undertake in terms of the time taken. In conducting this analysis, constraints such as the difficulty of the job are considered alongside the satisfaction of the customer.Advertising We will write a custom report sample on Quality Control for All-repairs Mechanics specifically for you for only $16.05 $11/page Learn More The other factor put into consideration is the number of years that the individual has been in the field, and this is important in determining their level of expertise. These values are independent random variables obtained by coding the raw data obtained during the data collection stage and is shown by the table provided. This analysis is supposed to show the competence of the individual staff members, who collecti vely determine the credibility of the company. In order to come up with this analysis the hypothesis has to first be determined then tested using the available data. This data will then be evaluated using E-views software which will generate the relevant statistics to be analyzed1. Hypothesis This analysis is aimed at establishing the credibility of Allrepairs staff members in relation to their experience, job difficulty, the time taken to complete the tasks and the customer’s response. The null hypothesis states that the staff members are not equally competent while the alternative hypothesis states that they have the same level of competence. In case the null hypothesis holds, the alternative hypothesis is automatically disregarded and vice versa2. Data Analysis The first table in this analysis is a representation of the general statistics of the data objects. It indicates the mean, median, maximum, minimum, standard deviation the skewness and the kurtosis of the individual objects for the 293 observations. Table 1: descriptive statistics DIFFICULTY SATISFACTION TIME YEARS Mean 1.832765 3.225256 34.05461 8.071672 Median 2.000000 3.000000 32.00000 9.000000 Maximum 3.000000 9.000000 97.00000 12.00000 Minimum 1.000000 1.000000 6.000000 2.000000 Std. Dev. 0.604791 1.405875 15.74466 3.884239 Skewness 0.092354 2.914407 0.959621 0.752124 Kurtosis 2.589877 12.97725 4.128666 1.924974 From this data, the mean difficulty of the jobs undertaken is below the median, meaning that most jobs are relatively easy. The mean for the satisfaction indicates that most of the customers are satisfied with the job while that of the time taken to complete the tasks indicates that a larger percentage of jobs is completed within the required time frame.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the years of experience however, the statistics indic ate that most of the employees have not been with the company for long, implying a slightly high rate of labor turnover. The standard deviations likewise indicate that the value for the difficulty level is not very deviant from the mean3. This could be interpreted as the jobs have a difficulty level that is relatively similar to each other. As for the level of customer satisfaction, the standard deviation indicates that a majority of the customers approve the services offered to them. The time and number of year’s deviations, as well, indicate little deviation from the mean. To analyze the interrelationship between any two given objects, we will use the covariance matrix generated as follows. Table 2: Covariance matrix DIFFICULTY MECHANIC SATISFACTION TIME YEARS DIFFICULTY 0.364524 -0.110042 0.044497 7.288996 0.438607 MECHANIC -0.110042 1.305898 -0.102529 -1.992277 -4.083507 SATISFACTION 0.044497 -0.102529 1.969738 0.991112 0.349043 TIME 7.288996 -1.992277 0.99111 2 247.0482 6.357861 YEARS 0.438607 -4.083507 0.349043 6.357861 15.03582 The significance of this is in the determination of how the variables change in relation to each other4. The level of difficulty and the satisfaction of the customer seem to be changing in the same direction, implying a proportionate change while that between the mechanic and all the other variables do not change in the same direction. This means that the result of the repair has nothing to do with the mechanic handling the job. We can therefore conclude that the only variable that does not affect the outcome of the job hence the performance of the company is the mechanic. The covariance between the number of years in the company and the time taken to complete the tasks has a high covariance and this can be interpreted to mean that the time changes in the same direction with the years of experience5.Advertising We will write a custom report sample on Quality Control for All-repairs Mechanics specifi cally for you for only $16.05 $11/page Learn More The next element in this analysis is the determination of individual descriptive statistics alongside the histograms so that we can come up with a conclusion on how the individual variables affect the overall reputation of the company. First is the difficulty histogram as shown below. Diagram 1: Difficulty Histogram and statistics From this histogram, the level of difficulty for the majority of the tasks lies at the average difficulty level. The hardest jobs are the least and this implies that the employees in this company have the necessary expertise to handle the jobs at their disposal. The second diagram is that of the mechanics as shown below. Diagram 2: Mechanic Histogram and statistics Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More From this, we can conclude that the mechanics do an approximately equal number of jobs as shown by the bars. The difference in the size of the bars is not significant, indicating a fair policy in the company when allocating jobs6. Third is the time taken shown in diagram 3 below. Diagram 3: Time Histogram and statistics The tasks take different amounts of time to complete depending on the difficulty of the job. Most of the jobs however take a time frame below the average and this is an implication of time efficiency in the company which ensures that completed work is delivered to the customer on time7. Diagram 4: Satisfaction Histogram and statistics From this diagram, we can conclude that the numbers of customers who have expressed dissatisfaction over the work done are the least. A majority of the observation indicate a high level of satisfaction, which may mean that the repairs done never recurred and they were completed on time8. Diagram 5: Year’s Histogram and statisti cs From this diagram, the period of time that the employees have been working in the organization differs greatly, with the gap between the first person and the others being the greatest. This person has however handled the highest number of jobs though by a very small margin compared to the others9. The other three seem to have been in the company for an almost equal period of time. Conclusion From these diagrams, we can conclude that going with the data provided here, the company is performing effectively and it is credible enough to be hired to carry out repairs. The success of this company can be considered to be as a result of the strong workforce, and so, the alternative hypothesis holds true, disqualifying the null hypothesis10. The employees have an almost equal level of expertise as realized throughout the analysis. The result of the covariance analysis indicates that it does not matter which employee is undertaking the task, since the result is always relatively equal, im plying an equal level of expertise among the employees. References List Anderson, TW, An Introduction to Multivariate Statistical Analysis, Willey, New York, 1998. Bowerman, BL, RT O’Connell ML Hand, Business Statistics in Practice, Mc-Grawhill, Boston, 2001. Boyle, RG, Descriptive statistics, Victoria College Press, Burwood, 1998. Bradley, T, Essential Statistics for Economics, Business and Management, John Wiley Sons, Chichester, 2007 Dixon, WJ FJ Massey, Introduction to Statistical Analysis 3d ed, McGraw Hill, New York, 1999. Doane, DP LW Seward, Essential statistics in business and Economics, McGraw-Hill Irwin, Boston, 2010. Edwards, AL, Statistical Analysis 3d ed, Rinehart and Winston, New York, 2009. Lind, DA, WG Marcal RD Mason, Statistical techniques in Business and Economics, McGraw-Hill Irvin, Princeton, 2002. McClave, JT, PG Benson T Sincich, Statistics for Business and Economics, Prentice Hall, Upper Saddle River, 2001. Wegner, T, Applied business statistics, 2nd ed, Juta, Cape town, 2007. Footnotes 1. D Doane L Seward, Essential statistics in business and Economics, McGraw-Hill Irwin, Boston, 2010, p.48 2. T Wegner, Applied business statistics, 2nd ed, Juta, Cape town, 2007, 98. 3. McClave, JT, PG Benson T Sincich, Statistics for Business and Economics, Prentice Hall, Upper Saddle River, 2001, p.62. 4. A Edwards, Statistical Analysis 3d ed, Rinehart and Winston, New York, 2009, p.85. 5. D Lind, W Marcal R Mason, Statistical techniques in Business and Economics, McGraw-Hill Irvin, Princeton, 2002, p. 122. 6. R Boyle, Descriptive statistics, Victoria College Press, Burwood, 1998, p.77. 7. T Bradley, Essential statistics for Economics, business and management, John Wiley Sons, Chichester, 2007, p. 82. 8. W Dixon FMassey, Introduction to statistical analysis 3d ed, McGraw Hill, New York, 1999, p. 54. 9. T Anderson, An introduction to multivariate statistical analysis, Willey, New York, 1998, p. 98. 10. B Bowerman, R O’Connell M Hand, Business statistics in practice, Mc-Grawhill, Boston, 2001, p. 23

LOreal Consultancy Report Essay Example | Topics and Well Written Essays - 2500 words

LOreal Consultancy Report - Essay Example Following in part four the report will identify organizations and alliances, what impact they may have on the industry and on the competitive position of L'Oreal. Finally, I determine what strategic options are the most appreciate to this organization to ensure its success in the next five years. The sales of cosmetics and toiletries is on the rise after it slowed down globally in 2004, the world market was valued at $253 billion in 2005. With a positive growth after sentimental recovery from SARS scares and the war in Iraq (GCI, 2006), with strong cosmetic sales in Latin America and Eastern Europe, peaking in Western Europe the largest market. According to indications there was a 4% growth in 2004, an according to the Global Cosmetic Industry Magazine the Euromonitor International forecast of a possible 20% can be obtained if current key trends are followed. Dividing the world cosmetic market in two sections, the mature and the developing markets, it is possible to show where sales are peaking, and where there are still opportunity for expansion. The mature markets can this be seen as Western Europe, Asia Pacific, North America and Latin America as this are where the lion share of the market currently lies. Many of the consumers in this mature market demand more sophisticated products and due the amount of competition product prices needs to be reduced if a company wants to stay competitive. The one market in this section that shows promise are China and most of the high profile players are entering this new market, such as Este Lauder and P&G, with retailers including Sephora and Sa Sa, and direct sellers Avon, Alticor, Mary Kay and New Skin (GCI, 2006). Developing markets can be seen as Venezuela, Vietnam, New Zealand, Australia, South Africa and Russia. In 2003 Vietnam showed a 19% growth in cosmetic sales even though demand are still concentrated in the urban areas, offering ample opportunity to expand. The South African market showed a healthy growth as consumers started to buy high margin multi-functional products. With more black South Africans entering the middle income group with the governments aggressive affirmative action policy,