It is a globally agreed upon fact that the dairy industry is a major contributor in a country’s agriculture sector. With different stages such as producing milk, processing, packing, transportation, etc. , the dairy industry is a busy field globally. Let’s have a look at the leading global milk brands (dairy brands) in the world. Top Global Milk brands Nestle Switzerland The world’s leading dairy brand is Nestle, a Swiss company situated in Vevey, Vaud, Switzerland. The multinational food company is famous for its variety of food products. Its products include dairy products, bottled water, baby food, tea, coffee, frozen food, pet foods, etc. The Swiss company has a wide network of production with over 400 factories spread in 196 countries. Due to this widespread network, the company is able to provide jobs to over 300,000 employees around the world. Danone France How is it possible to make a best-of…
Lending money is a trickier business than we regard it to be. Imagine a situation where you have to lend someone money, how would you react to the situation? If you know the person, you will feel slightly less worried. Why is that? That’s because you are aware of the person’s nature, financial standing, authenticity of the situation etc. Take this situation on an organizational level. Can an organization lend someone money, just like that? Umm, no, I don’t think so. As Forbes mentioned in one of its articles, it takes money to make money. Welcome to the 4 C’s of Credit! 4 C’s of Credit Basically, the 4 C’s of credit are a set of intelligently organized parameters that serve as a helping hand when making pivotal lending decisions. A financial and lending institution needs to determine whether a person’s situation is: authentic enough,previous financial record is normal,there is…
Writing, one of the purest of things in this world. Fundamentally, it has been the optimal medium of transmitting knowledge, feelings, emotions. People often regard verbal communication to be superior. However, in my opinion, it is writing that has the upper hand. Writing styles differ from person-to-person. For instance, this same article could be written by a different writer in an extremely different tone, provided it’s original (lol). So, this tells us that the same information can be put into words differently, that’s the power of writing. It depicts the personality of a writer and allows us to know more about the writer only on the basis of its writing style. Now, these writing styles are differentiated on the basis of their nature of the content and the tonality of the writer. Anywho, coming back to the topic about the different forms of writing. Mainly, there are only four categories…
For anyone who has been or is planning to go into the accounting industry, the going concern principle is not new. It is extremely common and floats around a lot. However, despite knowing about this term, a majority of people are still unaware of what it actually is. Like, knowing it is one thing and understanding its significance is another. We all know that it’s about a business depicting that its accounts will remain to be good in the foreseeable future. But, let’s dig a little deeper into understanding the going concern principle. What is the Going Concern Principle? People in accountancy can verify when I say that the going concern principle is the opposite of bankruptcy. Organizations use this accountancy term to signify that they have the essential resources to continue its operations in the foreseeable future. It signifies that the company is performing well and has the ability…
Jim Collins is a renowned Business consultant and is remembered as an integral member of the Business History. One of his major contributions to the world of Business is the Hedgehog Concept. It is a representation of the important factors that serve as the pillars of success and growth for a business. Collins, in his book ‘Good to Great’, depicts and emphasizes the surprising similarities in his Hedgehog Concept and successful business organizations. He shows that large, sustainable businesses are able to achieve success due to an amalgam of different ingredients. However, according to Collins, the significance of shifting your focus on one aspect of your business at a time is the key. Circles of the Hedgehog Concept Jim Collins’s Hedgehog Concept comprises of three distinct aspects to gauge the performance of an idea/business’s growth. According to Jim Collins, it is important for these three circles to overlap for accurate…
ZARA is probably the only fashion brand that goes on to teach people the art of customer retention. It is an undebatable fact that Zara has managed to capture the fashion industry with its unique marketing and production strategies. To find more about Zara’s marketing strategy, please read: Marketing strategy of Zara: Secret to success? Zara’s SWOT Analysis Let’s have a look at the SWOT analysis of ZARA: Strengths Zara has a clear advantage over its competitors due to the fact that it produces affordable clothing that is suited and appreciated by all kinds of customers. Due to this, the company has to bring versatility to its collection which means unique designs and a lot of them! Due to this and a handful of other uniquely administered strategies, the company has managed to establish and maintain a dignified brand value in the fashion industry. Currently, the company is ranked number…
When talking about leading firms in the technology industry, it would be cruel to miss out on Apple Inc. Since its existence in April 1976, the founders and workers at Apple Inc. have only known one way of progress i.e. the way forward. Probably this is the reason why Apple Inc. is now considered to be one of the top-rated Multinational Technology Companies. Due to its effective and elaborate business model, the company is now one of the top four big companies around the world, FAGA – Facebook, Amazon, Google, Apple. Business Model of Apple Let’s find out more about the Trillion-Dollar company and dig deep to find out the money-making secrets. Apple’s Business Model priorities – simplified Do you have any idea about the current revenues that Apple Inc. is generating right now? The multi-million dollar company currently has an income of US$70 billion and a revenue of US$265…
Zara, the popular Spanish fashion brand, is a retailing chain that has a large number of stores worldwide. The brand started its operations in 1975, in A Coruna, Galicia. It was founded by Amancio Ortega and Rosalia Mera. The company’s primary focus was to excel in fast fashion and products including clothing and shoes. Initially, the company was named Zorba the Greek, but since there was a bar with the same name, Ortega had to reconsider the brand title hence coining the term, Zara. Marketing Strategy of Zara Zara’s marketing strategy has been consistent for a really long time and it looks like it is still viable in this competitive fashion era. The company’s mission statement says: Zara moves at the pace of society, fashion ideas, and trends that society itself has natured. Hence its success among people, cultures and generations that, in spite of their differences, share a special…