Tiffany Event Management Company Analysis

Strategic Plan, Part III: Balanced Scorecard

Tiffany & Company is well-known for its lavish products like jewelry. It has continued to market itself as a house of style and taste. Tiffany designs, generates and sells watches, jewelry, and amazingly glasses. It also provides other chronometers, silverware, pens, natural leather products, perfumes, and curves. This study outlines the strategic plans for the company for the next three years in an attempt to improve its performance in the jewelry industry.

Don't use plagiarized sources. Get Your Custom Essay on
Tiffany Event Management Company Analysis
Just from $9/Page
Order Essay

Shareholders value and financial perspective

The market share is targeted to increase by 1.5% per annum in the next three years. In order to achieve this, the company projects on increasing revenues through various methods between the year 2013 and the year 2016. This will lead to the long-term increase in the shareholders value as the value per share will increase. This is achievable by planning productivity strategy and growth strategy. These will be achieved through various actions. One of the steps that will be taken involves improving cost structure. This will be achieved by reducing cash expenses of the company by making sure that the raw materials are acquired in the possible minimum cost, employees work to their level best hence accomplishing their tasks without delays, and perfect execution of tasks (McLoughlin & Aaker, 2010).

In addition, the company targets to eliminate defects by ensuring the workers in the firms are professionals and experienced enough. Moreover, improved yield is another objective that will lead to improved cost structures. There will also be increased asset utilization by managing the currents assets and improving the assets hence reducing the bottlenecks. The company also targets in expanding income sources by introducing new brands, markets, and partnerships. In addition, customer value is to be enhanced in order to increase profitability in the current customers while attracting potential ones. The measures of growth will include cash flow rate, percentage growth in revenue, changes in share growth, net profit ratio, return on capital employed, and the added economic value (Michman & Mazze, 2006).

Customer Value Perspective

Customers are essential for the success of any business and, therefore, need to keep existing ones and bring new customers in a business. Therefore, the company projects on improving its customer care services, which involve offering quality products and services to the customers, attending to their order in the right manner and on time (McLoughlin & Aaker, 2010). The company’s aim is to improve customer value by 2.5% each year in the three years. This will increase customers’ satisfaction and hence it will lead to the retention of the existing customers and attraction of other potential customers to the firm’s products. In addition, customer loyalty is another field that will be emphasized in these financial years between 2013 and 2016. Through quality products, fair pricing, and improved quality services, the company will be able to win customers’ loyalty (Michman & Mazze, 2006). Response to customers’ needs and efficiency will be looked into in serious terms to increase the company’s reliability on customer and, therefore, improving the firm’s image as viewed by the customers. In order to measure the success of customer perspective aspects like returned orders, number of new customers, number of complaints, market share, customer satisfaction index among others will be assessed.

Process or Internal Operations Perspective

Currently, Tiffany Event Management Company is performing well but needs to improve in the future with the changing world. The internal operation ought to increase by 9% by the end of the predetermined time in order to achieve the company’s targets. These are to be achieved by improving the main company proficiency in its operations of designing and coming up with unique jewelry. The technology use is also to be improved in order to provide customers with modern fashions of jewelry such as rings, chains, bungles, and many others. In terms of manufacturing and the firm will improve its excellence to develop high quality goods and performance (McLoughlin & Aaker, 2010).

Financial accounting and management will be improved for accountability purposes where all the assets and processes will be accounted for in a proper manner. Unit costs should be reduced by ensuring reduction in material wastage, recycling waste products, and reducing defects. For this performance to improve, the workers will need to be motivated by fair wages and salaries, fair employee appraisals, and proper working conditions. The facets be used to rate the internal perspectives include improvements in efficiency, amount of recycled waste, morale improvement, increased productivity, and amount reworking (Michman & Mazze, 2006).

Learning and Growth (Employee) Perspective

Tiffany Event Management Company has a potential of improving and creating a new value in its products, which have all along been of high quality. The company’s objective is to bring new items in the industry to conform to the needs of the changing world and technology entirely. The number of new products for the company is targeted to be 10% of the present products. In addition, the current products will be improved continuously to suit consumer needs. Since technology keeps on changing day by day, the company targets to remain informed about the changes in technology and produce products using the latest technology available at each time (McLoughlin & Aaker, 2010).

This is targeted to increase the quality and the customer to these products. In order to accomplish the above-mentioned strategies, the human resource department will work on improving the quality of labor by employing qualified professionals and improving the skills of the current labor force by training them and having them attend conferences to gain new knowledge and ideas. In addition, the products will be diversified in order to cover a large market in the jewelry industry. In order to measure the success of the Learning and Growth (Employee) Perspective the metrics to be used include the number of new products, amount of income from new products, employees’ suggestions, strategic plans acquired, and the level of training level and employee empowerment (Michman & Mazze, 2006).

References

McLoughlin, D. & Aaker, D.A. (2010). Strategic Market Management: Global Perspectives.

New York, NY: John Wiley & Sons

Michman, R.D. & Mazze, E.M. (2006). The Affluent Consumer: Marketing and Selling the Luxury Lifestyle. Upper Saddle River, NJ: Greenwood Publishing Group


Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects

Literature

Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.

Finance

Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!

Psychology

While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.

Engineering

Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.

Nursing

In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.

Sociology

Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.

Business

We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!

Statistics

We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.

Law

Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment Help Service Works

1. Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2. Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3. Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4. Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essay GET A PERFECT SCORE!!! smile and order essay Buy Custom Essay


Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
Need assignment help? You can contact our live agent via WhatsApp using +1 718 717 2861

Feel free to ask questions, clarifications, or discounts available when placing an order.
  +1 718 717 2861           + 44 161 818 7126           [email protected]
  ++1 718 717 2861         [email protected]