The Global Environment of Business Essay Example | Topics and Well Written Essays - 1500 words - 1

The Global Environment of Business - Essay Example He decided to venture into employment as a freelance designer and simultaneously opened a sportswear company that collapsed in less than a year due to financial inefficiencies. He then joined Jordache fashion house as a designer as a blue jeans designer where he was able to meet Murjani. On his part, Mohan Murjani was hansdling a failing business and was in need of a new idea. Although he was one of the main brains behind the blue jeans craze in the 70s, his own venture, the Gloria Vanderbilt Jeans was not doing quite well. He sought Hilfiger to design for his company; the Murjani International. His move was targeted at resurrecting the jeans craze that was once a Phenomenon in the 1970s. Furthermore, he wanted to introduce new clothing designs that were less expensive and with a high appeal to the youthful generation. 1988, Murjani, Hilfiger and two other investors bought out Murjani International due to its financial woes and changed the name to Tommy Hilfiger.They moved their head quarters to Hong Kong due to the business connections of one of the partners in Asia. This business venture clicked and sales begun to come quickly and they eventually joined the New York Stock exchange in 1992 although this came to an end in 2006 as it was privatized by the Apax partner fund in London. Consequently, their headquarters were relocated to the Netherlands. Currently, it is considered to be one of the most successful fashion brands in the world. Its profits are believed to be around the region of $1.8 billion per annum. It is rated as one of the most creative and influential design companies in the modern times. Their logo is considered to be one of the most recognizable in the world. Almost each an every adult can be able to recognize the blue, red and white colors of the logo. For this reason, he has been able to expand his local and international appeal through his ever improving and unique

Crowdsourcing Term Paper Example | Topics and Well Written Essays - 3750 words - 2

Crowdsourcing - Term Paper Example The paper will further offer solutions concerning generating design interest from online communities and evaluation of skill set and quality of codes submitted by potential unknown users. Lastly, legal, societal and ethical issues related to outsourcing will be discussed, and possible recommendations offered to the solutions. With the invention and growth of outsourcing, online communities have introduced attractive human-like platforms that directly conduct experiments with the aim of controlling over participants and the environment. This concept operates on the notion of tapping as much knowledge and intelligence as possible from the public to complete complex business-related tasks that would require hiring of third parties or outsourcing. The same sentiments are echoed by Brabham, (2010) who defines crowdsourcing as an ‘online distributed problem solving and production model largely used for business† (para.1). The collective intelligence of the online community is controlled through soliciting of organizational ideas and solutions from such communities through models of open calls. Thus, successive crowdsourcing operates on the assumption of ‘collective intelligence’ and ‘crowd wisdom’. According to Nakatsu and Grossman (2013), the process of crowdsourcing involve individuals / organizations who request and identify problems to be solved or tasks to be performed, broadcasting tasks online by requestors in order to get attention of the online crowds to perform tasks and/or solve already identified problems, and the submission of solutions to the problems by the targeted crowd. After receiving solutions, the requestor carefully examines solutions into meaningful ways especially in cases where there are numerous responses (Allahbakhsh et al., 2013). Crowdsourcing offers a channel through which human computation is utilized as a substitute to solve complex problems that are