Lulu Lemons Strategic Financial Management Assignment - Free Essay Example

Sample details Pages: 5 Words: 1478 Downloads: 2 Date added: 2017/06/26 Category Management Essay Type Analytical essay Did you like this example? A Report on â€Å"Lulu Lemon’s† Strategic Financial Management Task 3: a) Identification of sustainability and risk management: Sustainable business or green business is an enterprise that has trifling negative impact on the global or local environment, community, society or economy- a business that struggles to meet the triple bottom line. Often, sustainable businesses have enlightened environmental and human rights policies. Risk is the first and foremost element of a business. Don’t waste time! Our writers will create an original "Lulu Lemons Strategic Financial Management Assignment" essay for you Create order Risk management develops the right tools, methods and processes to manage risk. Risk is defined as the probability of an unexpected incident and its penalty. For a business, exposure to risk could lead to adversity. Identification of Sustainability for business: The business world is facing challenges in every sector of economy, society and environment. The challenges are much higher than the past few decades. Now days business feels the pressure of government as well the consumers as they want to have goods and services by protecting environment. People want businesses that can be trustworthy and also upstanding. Sustainability helps a business to adopt the environment as soon as possible and makes maximum profit at the same time. Sustainability of a business can be identified by points given below: Mission statements Goals and disclosure Communication style Management style Commitment beyond the value chain External certification Analyzation of Risks Faced by Lulu Lemon: Lulu lemon Athletica Inc. is a yoga-inspired athletic apparel and accessories manufacturer and retailer. It was founded in 1998 in Vancouver, Canada. By the year of 2007, the company owned or franchised 81 stores internationally. On March 18, 2013, Lulu lemon Athletica pulled from its stores its inventory of women’s black yoga pants made from the company’s proprietary luon fabric because recent shipments did not meet the company’s specifications, According to press release: â€Å"The ingredients, weight and longevity qualities of the pants remain the same but the coverage does not, resulting in a level of sheerness in some of our women’s black luon bottoms that falls short of our very high standards.† Approximately 17 percent of its inventory of women’s pant bottoms was affected. Lulu lemon stock fell 3.8 percent on the news. Lulu lemon is suddenly facing competition from similar busi nesses all over the world. May be lulu lemon has loyal following but the vulnerable price decreases the followers. Trendy outfits are making by other companies include Lole, Lorna Jane. Mainly lulu lemon was closely watched by investors because of its meteoric rise and faced a cluster of competitors whose stores and products bear a striking resemblance to its own. Steps on identifying risk assessment: As part of managing health and safety of business risk must be controlled in a work place. To do this one needs to think about what might cause harm to people and decide if he is taking reasonable steps to prevent the harms. This defines as risk assessment and it is something that the law required to carry out the business. A risk management is not about creating a huge amount of paperwork but rather about identifying sensible measures to control the risks in work place. Risk assessments are allocated in 4 important steps: Step 1: Hazard Identification: Problem causes by the contamination. Step 2: Dose response Assessment: Problems at different exposures. Step 3: Exposure Assessment: The hazard, exposed to during a specific time period and the number of exposed people. Step 4: Risk Characterization: Extra risk of problems in the exposed population. Classify various sources of risks: The purpose of classifying the risks is to show the risks identified in a structured manner, for example in a relation to their origin, they are given below: Sector: A risk that the external factors liberated from the entrepreneur’s management could directly or indirectly influence the achievement of his or her goals and strategies to significant extent. Operational: The operational risks are associated with the entrepreneur’s ability to alter the strategy chosen into specific plans by means of an effective allocation of resources. Competitors: The size, the financial and functioning capacity of the agents in sector determine the degree of conflict in that sector and set the rules of the game that any new agent has to operate in the marketplace, this can involve risks for the entrepreneur. Suppliers: The role played by the suppliers in the sector could generate risks for an entrepreneur due to variations in the price of raw materials, to the availability of a diversity in the supply and for a continuous period of time, as well as the degree of awareness of the suppliers, which will determine the method of payment traditionally accepted in the sector. Customers: the customer can be a crucial central point of risk for an entrepreneur, since they are the generators of revenues; the risk can steam from changes in their tasted and needs, from creating pressures forcing prices down or from lengthening the payment period, among other factors, in such a way that the entrepreneur’s value proposal must always be customer-oriented. Financial: The financial risks refer to the uncertainty associated with effective management and the control of finances carried out by the entrepreneur, as well as to the effects of external aspects such as the availability of credit, exchange rates, fluctuation in interest rates etc. Impact of risks in many terms of an identified business: Physical Risks: Building risk is mainly considered as physical risk. Fire or explosion in electric line is most common physical risks. Hazardous material spills or accidents also occur with some regularity. People who handle these materials should be properly trained and skilled to be safe. Location Risks: The businesses should take places regarding fire, storm damages, flood, hurricane, tornedo and other natural disasters. The employees should keep aware about those places. Human Risks: Among the employees many of them can be alcoholic or drug addicted. Immediate counseling and treatment facility should be given to them and make sure that they would be well treated. Most of the organizations have the facility of health insuring to cover some of the treatment cost. Technology Risks: Electricity failure is the main problem now days. So, electricity depended businesses face emerge problems during the electricity failure. Having back up electricity by generators or alternative electric line can be help to reduce these problems. Computer may be kept up and running by the high performance back up batteries. Prioritizing Risks: After identify the risks they must find the priority in according to assessment of their probability. Future challenges of Lulu lemon affecting strategic business management and planning of the organization: Lulu lemon is concentrated on producing sustainable future growth and expanding globally as a multi-channel and multi-brand organization. This will be accomplished through the company’s heavy investment in product exploration and progress. Lulu lemon’s vision is to â€Å"elevate the world from mediocrity to greatness by focusing on quality over quantity†. b) Apply strategies and techniques to mitigate such risks in the future. Risk Mitigation: Transferring risk to others, as a method of risk mitigation, is a very topical issue. The core element of the risk management process is risk mitigation. Of the four fundamental risk mitigation methods- Avoiding the risk altogether Reducing or eliminating elements of risk Accepting (sometimes pooling or sharing) And transferring risk (to another party) It is the last one-transfer- that is quite often misused and misunderstood. Transfer of risk: Often this method is equated to insuring risk. CAR policies; third party liability; professional indemnity; employers liability; directors and officers liability; motor and so on are all common examples and indeed some are required by law. Misused: Misused because the risk owner often assumes that the underlying obligation of the risk is also transferred when it rarely fully is, regardless of the contractual instrument used. Misunderstood: Misunderstood because the transfer of risk should be to a party who is competent to manage the risk as mentioned above, perhaps preferably more competent and suitable that the original risk owner. Lulu lemon created a Social Responsibility Compliance ranking to assess suppliers and manufacturing partners, and evaluated each partner out of a possible score of 100. The score was broken down into four sections: labor practices, environmental responsibility, health and safety. As lulu lemon’s commitment to the env ironment, efficiency and waste reduction was also at the core of lulu lemon’s community legacy initiative and overall strategy. The five year vision for this plan comprised a high level of product and process revolution to reduce environmental pollutants in garment manufacturing and retailing. Lulu lemon’s final module of community legacy initiative is green buildings and spaces. The company had five year for LEED (leadership in energy and environmental design) designed buildings and spaces for new construction and motivated existing departments and retail locations to aim for nil waste and releases through the implementation of an internal building guide and the Building code of conduct; which encouraged paperless communication along with recycling and paper reduction programs. 1

Declaration of Independences Focus on Abuse Rather Than...

The American Declaration of Independence, penned mostly by Thomas Jefferson in 1776, is a beloved document and symbol of freedom in the hearts and minds of Americans. The iconic, tripartite â€Å"slogan† of this document is the right to â€Å"life, liberty, and the pursuit of happiness.† And while this is for many the most memorable phrase in the document, the actual content focuses much more on the abuses and injuries of King George III than on these inalienable rights. In fact, Jefferson lists twenty seven specific abuses of King George III compared to the three listed inalienable rights. The question then arises, why does Jefferson parse his argument for independence in such a way? This essay seeks to show that Jefferson chose to focus on the†¦show more content†¦By no means was Thomas Jefferson a bigot or racist; he was a product of his era, an era of slavery and social injustice for blacks. While writing about the rights of all men, he would have had to realize that saying all men have a right to liberty contradicted his own ownership of many slaves. Thus, he keeps the discussion of the rights of man short and focuses on the not hypocritical attack on George III. He pays lip service to the idealistic view of equality of men but focuses on the more concrete abuses and injuries of the King to justify independence for America. Jefferson’s cursory treatment of the rights of man and lengthier attention to George III’s mistreatment is also a product of his audience. Jefferson is not writing to somehow change the mind of Britons or their King. America had been at war with Britain for a year when Jefferson wrote the Declaration, having fought Lexington, Concord, and Bunker Hill a full year or more before the Declaration would be signed. He wrote more to edify and encourage his compatriots and remind them of the reason for war and inspire them to victory. Within days of its completion and signing, the Declaration was copied b y George Dunlap for distribution and had been transmitted to many prominent Americans, including General George Washington. A fragment of the copy Washington had remains in the Library of Congress to this day. Washington ordered the Declaration read to all his

After failing Free Essays

Europe was needed as an ally because if Lincoln had dated that he wanted the abolishment of all slavery in all territories then Europe would have joined the war which have resulted in a much more complicated situation, meaning the North would have lost. The Union war effort wanted not only to include reunification but also to abolish slavery. To achieve this so called emancipation the Union was forced to invade the South and take over their lands. We will write a custom essay sample on After failing or any similar topic only for you Order Now Unable to use limited war tactics for victories, the North needed to take more drastic measures to ensure victory. After failing to cake the lead in the war, the decision to use total war was enforced by taking on the goal of eliminating slavery. Knowing the slaves were crucial to their way of life, the North used this ‘fault’ as motive for the spirit of the war. The war effort was being promoted throughout the North as it became more than just a war to preserve the nation. The attack on the Southern way of life allowed the North to ruin the economic framework oftener opponents. 2. Careful Union diplomacy managed the Civil War crisis with Britain and need British flirtations with the Confederacy by providing cautious tactics on dealing with the, at the time, easily provoked 3. The primary military strategies of each side were that the Confederacy could fight defensively behind the interior lines, the South had an advantage in morale, they had the most talented officers including General Robert E. Lee himself, and that Southerners seemed always prepared to fight. The North’s great strength in the Economy made up for the South’s great lack in that area. The North had about three-fourths of the nation’s wealth and three-fourths of the railroads. They had control over the sea which was a huge advantage because they were able to cut off Southern supplies and crush the Southern morale. Their sea power also enabled them to exchange big grain quantities for munitions and supplies from Europe. The North also had the vast majority Of the men with a population Of 22 million to 9 million in the seceding States. Each side attempted to carry them out by using each one of their advantages o the best of their abilities throughout the Civil War. How to cite After failing, Papers

The Epidemiology of Tuberculosis free essay sample

The purpose of this paper is to discuss tuberculosis (TB), provide a clinical description, and discuss the determinants of health in relation to TB and the role and tasks of the community health nurse in regards to the disease. Tuberculosis is caused by Mycobacterium tuberculosis, a bacterium that usually affects the victim’s lungs and is spread through the air. TB spreads from one community or country to another as people travel or through immigration to new areas. Today’s modern world of travel makes health and healthcare a global issue. Although TB rates are decreasing in the United States, the disease is becoming more common in many parts of the world. In addition, the prevalence of drug-resistant TB is increasing worldwide. (Herchline, 2013) Persons can become infected by inhaling the TB germs when someone else sneezes, coughs or even spits. Once infected with the germ, there is a 10% chance of the TB becoming active causing illness. Persons with active TB will have symptoms like a cough with possible sputum or blood, fever, chest pains, weakness, night sweats and weight loss. These symptoms can be mild for months which often delays treatment and results in exposure to others. Persons with compromised immune systems have a greater chance of the TB becoming active and causing illness. Tuberculosis can be cured with treatment and can be prevented as well. Places where humans are in close contact are the most high risk areas. Slums, prisons and jails, or even hospitals are examples of high risk environments. Persons who live with or interact with someone who has active TB, those who live in nursing homes or homeless shelters, immigrants from countries with high TB incidence rates, alcoholics and intravenous drug users, Persons with HIV or AIDs and persons who come into contact with high risk groups are more at risk for TB. The World Health Organization (WHO) reports that tuberculosis (TB) deaths are second only to (HIV) and acquired immune deficiency syndrome (AIDs) from a single infectious agent. They point out that 1. 3 million died from TB in 2012 and that 95% of deaths from TB occur in low and middle income countries. The WHO indicates that TB is the cause of death for 25% of persons with HIV and that all countries surveyed have multi drug resistant TB (MDR-TB). (WHO, 2013) Analyzing the natural history of a disease involves the use of the epidemiological triangle (Smith 166) The epidemiological triangle consists of a susceptible person or host, the environment and the causative agent. We can visualize this triangle as a closed system that becomes open and vulnerable when there is a change in any of the triangles sides, or factors. The change in one of the factors may cause a change to occur in the person’s balance of health. Person or host consideration includes current health or history of health issues, where and how the person lives, genetic predisposition, immune system, the body’s defenses and the person’s behaviors. All are examined for potential to health changes. The environment refers to anything that is not a part of self for the person. This could be other persons or animals that the person comes into contact with. Examples of causative agents that potentially have an impact on a person’s health include genetic or psychological factors, chemicals, nutrition or physical and biological factors. Social determinants of health are conditions in the environments in which people are born, live, learn, work, play, worship, and age that affect a wide range of health, functioning, and quality of life outcomes and risks. (Healthy People. gov, 2013) Health begins at home and extends to all areas that we live, work, play and socialize. It is important to live a healthy life by eating healthy meals, regularly exercising, receiving immunizations and screening tests, and having healthcare available to us when we are sick. Our health is also partly determined by our access to economic and social opportunities. Available resources and support systems that we have access to influence health as well, safety in the areas we live and work in, the quality of the education we get, whether or not we breathe clean air, eat healthy food and drink clean water impacts our health. The health of a population is often determined by the circumstances in which people live, which are conditioned by social policies and economic forces that are usually beyond an individual’s control (CSDH, 2008). Nearly one third of the worlds population is infected with TB. It is a leading infectious cause of death worldwide, causing more than 2 million deaths each year (CDC, 2011f). (Smith 195) Controlling the spread of TB is globally important because transmission to others can cause devastating consequences of transference to anyone the infected one is around including healthcare workers. Treatment of TB can be lengthy and require supervision of compliance. Some TB strains are drug resistant and very expensive to treat. Exposure can occur in clinics where the sick are waiting for healthcare. Nurses have been a part of controlling community disease but initially were responsible only for prevention through cleanliness and fresh air. Hygiene education was and still is a primary role for the nurse in controlling communicable diseases. The modern community health nurse has responsibilities in primary prevention methods. Duties include immunizations, prophylactic measures for risk reduction for persons who have had exposure when a method is available for the disease, and education. Immunization includes education and monitoring the patient for 15 to 20 minutes following the vaccine in case there is a reaction. Written documentation is provided to the patient’s records and is also kept for the clinic or organization providing the vaccination is kept to comply with the National Vaccine Compensation Act. Nurses also work to increase the public’s awareness of risks and behavior modification. Instructing care providers on how to properly eliminate bacteria or viral agents and self-protective measures is important in preventing the spread of disease. Secondary prevention is used in identifying disease as early as possible to optimize treatment effectiveness and achieve the best outcome for the patient. Early treatment also serves to prevent the disease from spreading to others. Antibiotics are one type of secondary prevention. Other secondary prevention measures are contact tracing and follow up. Screening and case finding is done by community health nurses acting as case finders to identify new cases of a disease and provide treatment as soon as possible. Follow up on persons who may have been exposed to a communicable disease beginning with those with the most intimate contact is performed by the community health nurse. The most intimate contact is considered level I; level II and III are those with decreasing levels of contact. With confirmation of illness, the community nurse may administer or observe the administration of medication and educate, oversee treatment and provide support for care providers. In some cases, the nurse may be tasked with monitoring compliance with treatment and obligated to initiate legal action or even act as a witness during court proceedings when encountering a noncompliant patient. Tertiary prevention is the prevention of dysfunction after an illness. Because resolution of most communicable disease happens quickly, tertiary prevention is less often a part of the community nurses role. Health care delivery systems can work together in a variety of ways by sharing information and best practices as well as committing to research and development of treatments. Eliminating tuberculosis will require financial support and shared information technology. Policies that contain and treat communicable illnesses are important as well. There is renewed focus and cooperation among countries and other organizations. Working together will decrease the risk of all. The Center for Disease Control (CDC) is working to eliminate TB in the United States through maintaining control of the disease, accelerating the decline, developing tools for diagnosis as well as treatments. They have engaged in global efforts to prevent and control TB and worked to mobilize support through leadership contacts in high risk groups. The CDC also monitors their efforts progress. The Bill and Melinda Gates Foundation is investing in the development of better vaccinations and more effective drug treatments. They also focus on creation of new diagnostic tools, new approaches in control through reimbursement, improving access and efficiency and reducing costs. The foundation also advocates for political commitment and funding, creating partnerships between governments, institutions and pharmaceutical and biotechnology industries. The Stop TB Partnership works through the World Health Organization to eliminate TB. The Stop TB Partnership is leading the way to a world without tuberculosis (TB), a disease that is curable but still kills three people every minute. Founded in 2001, the Partnerships mission is to serve every person who is vulnerable to TB and ensure that high-quality treatment is available to all who need it. (Stop TB Partnership, 2013)