This policy provides customers with a less expensive option to purchase a new Whiteflash diamond by trading in or exchanging their old diamond for a new, more expensive one. Within a year, the two countries re-negotiated the 1929 agreement and developed the 1959 Agreement between the Republic of the Sudan and the United Arab Republic. It wants to make the entire diamond-buying process easy and hassle-free. With a low debt to equity if they needed to borrow money it is signals creditworthiness and with a low debt to asset they have less of a risk to go into bankruptcy. It is easy for customers to change their source for purchase.
Using the e-business approach would allow all three of these companies to efficiently capture historical sales data to forecast demand and make new products available as soon as possible. A third recommendation is that they need to expand their markets. Blue Nile has had success since its start up and received multiple awards for its user friendly websites and business model. The workers are sterile, serving only to protect and fulfill the needs of their queen, rather than reproduce themselves. This approach has the advantage of getting the people who are more familiar with the market handle the goods for Blue Nile and the investment will not be as heavy as the first alternative.
The period 1954-1958 was characterized by political conflicts between Egypt and the Sudan over sharing of the Nile waters. This is due to both sides of the products and services. From the above, it is evident that the threat of more entrants into the market is quite high as there are already very strong competition and the potential for the entrance of more dealers in the same field. The disadvantage is that it may not lead to comprehensive details as most clients will give their emotional reaction to products and service. If you were to forecast the future, what would this analysis look like in 10 years? Do five-forces analysis to support your answer.
They use their stores to sell high-end jewelry along with. Prevention of armed conflict in the Nile basin could occur in a great number of realms, from the technical to the political, from domestic solutions to regional solutions. Provide great customer services 3. Although all of the riparian states' economies are primarily agricultural, the agricultural activities in the upstream states are supported by abundant, if erratic, rainfall and require little irrigation. If you click on a diamond, a random sample picture pops up that does not have anything to do with the real diamond.
The bargaining power of the buyers is moderate to high. In Egypt, the rapid increase in population had led to an increase in water demand for irrigated agriculture and improvement of technological control of the Nile, and a limited increase in industrial water use. The other alternative is to engage distributors and establish outlet agents within the potential market. Cost of sales in the Blue Nile is higher, but this can be attributed to low profit and high cost of the outbound distribution. This is a bid to get more footing in the ever increasing globalized world.
I now decided to pick a ring to add to my cart, for want of better expression, check out the check out. You can create your own jewelry were you choose the diamond and they will set it in your favorite earring, pendant, or ring design. The company had 183 full time employees, 5 part-time employees, and 1 independent contractor. The diamonds positively dazzle from their top quality images and you cannot wait to dig deeper and see them up close. Marketing Background Labatt Blue was launched in 1951. This has seen the decline in the number of orders that the company used to receive online for their product. All three of the major players, Egypt, Sudan and Ethiopia, publicly stated as recently as February 1997 that their share of the water is insufficient and are demanding the right to use the water as they see fit.
The other macro-environmental factors that influence the current trade are the general economic conditions of the potential consumers. The other competitor is Whiteflash. Present and Potential Water Conflicts Present and potential conflict over water in the basin stems from the increased food and agricultural needs generated by a rapidly growing population in the riparian states. While looking at other players in the market like, Overstock and Amazon have made a significant growth in the diamond ring business. Words: 1569 - Pages: 7.
The company did not have to buy these diamonds from the suppliers until the client placed an order hence avoiding the burden of having to carry large consignments. Blue Nile case stydu Essay 1. Problem Statement Normally a customer shop on Blue Nile website will follow the following steps: Choose your diamond including shape and 5C, decide the kind of jewelry you want to customize with the chosen diamond, choose the pendant, and then complete the order. There were many aspects that increased project risk and contributed to the problems encountered. The Blue Nile management has found drawbacks in online shopping therefore, to increase the customer satisfaction and reliability they have introduced insurance policy and free return policy. This gives the consumer knowledge of the company, their products, the quality, and the customer service. Hamilton also presented a mathematical relationship to explain how bees operate.