Leslie Fay Case Study Essay Example | Topics and Well Written Essays - 2500 words - 1

Leslie Fay Case Study - Essay Example The essay "Leslie Fay Case Study" tries to deeper understand what happened at the Leslie Fay Companies by analyzing the business organization. The first four are geared in the strategic aspect of the firm. Prior to the audit failure, Leslie Fay’s mission is to design, manufacture, and sell moderately priced and stylishly conservative women’s dresses. The company’s product lines are targeted to women aged 30-55 years old. Even though indirectly stated, the company has no plan of changing its products in order to cope with the emerging trends. The company opts to stick with its current fashion statement. In order to pursue its vision of staying on top on the industry, Leslie Fay utilizes a strategy of designing and manufacturing products by trusting the instincts of the designers. It should be noted that as opposed to other industry players which rely on customer preference, the business organization opted to create what is fashionable for the customer. The whole marketing mix of Leslie Fay can be stated as offering fashionable clothing at a moderate price in department stores and enhancing a customer experience by offering seasonal discounts. Armed with this strategy, Leslie Fay captures its market niche and creates strong brand equity. In terms of financing, the firm relies both on liabilities and equities. It can be recalled that Leslie Fay banked on its prominence and profitability and went public in as early as 1952. The technology is seen as insignificant in the operation of Leslie Fay.

Corporate Governance in Public Limited Companies in the UK Coursework

Corporate Governance in Public Limited Companies in the UK - Coursework Example The paper tells that in the past years, the increment in freedom has become eminent, in all aspects of business activities thereby creating more opportunities for entrepreneurs. There has been international market development, especially for UK based companies. Cross-borders business relationships have increased dramatically. The UK has also generated a lot of developments. The businesses have clearly indicated that they have the knowledge and the strength to explore new ventures abroad and also in the UK, and have thus helped increase the affluence. The business community wants to show that their enterprises are ready to shoulder this increased responsibly. Many business ventures have realized that by creating good relationships with the stakeholders, there would be more business opportunities that will come up. There should be mutual trust between a company and the public in order to have improved competitiveness and ultimately higher and better living standards of the people. Ensu ring that the business community is trustworthy can be done and achieved by improving relationships between the stakeholders, from the top management to the lowest shareholder. The corporate governance system in the UK has been very effective. Regulations that have been established have assisted enterprises in conducting relations between the stakeholders in companies. It was a firm belief among the UK business community that in order to obtain acceptable results, internal governance and supervision within the enterprises should be increased immensely. There was a lot at stake, and it was important that the initiative came from the business community itself and that it pointed out methods to alleviate the confidence of the stakeholders involved and that the public had the right to demand from enterprises.