Coach Channel Management Analysis
Coach Inc., Distribution Channel Analysis
Company Description and Overview
Coach Inc., (NYSE:COH) is a globe leader in fine accessories and gifts market, and one of the most profitable competitors in the leather goods and luggage manufacturing globally. Coach generated $4.76B in evenues in their latest full fiscal year and earned a Net Income of $1.04B. Coach is a highly profitable business, earning 21.77% Net Profit Margin, 30.44% Operating Margin and 33/12% eturn on Assets (OA) in addition to a eturn on Average Equity (OE) of 51.3%. An eleven year financial ratio analysis is include in Appendix A, Coach Inc., atio Analysis. These financial accomplishments are significant given how consolidated the fine accessories and gift markets have become in recent years with the company reporting that their own market research shows the overall industry consolidating at a negative growth rate of 9.6% from 2007 to 2012, with continued consolidation, dropping…...
mlaReferences
Coach Investor Relations (2012). Investor Relations. Retrieved August 13, 2012 from Coach Investor Relations and Filings with the SEC:
Luggage & Leather Goods Stores Industry (NAICS 44832). (2012). United States Luggage & Leather Goods Stores Industry Report, IBIS Research. New York, NY. 1-92.
Appendix A: Coach Inc., Ratio Analysis
Mood in this context attaches meaning to an individual's prevailing circumstances. In regard to our case, Joe's mood is littered with frustration regarding the uncooperative nature of his business and marketing peers. His frustrations further emanate from having his requests questioned every other day by his business and marketing peers. Joe's frustrations in this case can be seen as a function of the reorganization.
Lastly, we have future possibilities which have largely got to do with what an individual wants to bring about going forward. One of the possibilities seen by Joe in this case has got to do with better relations with his business and marketing peers. This is the reason he calls on me to intervene so as to bring to force enough influence to back him up. Further, Joe sees the possibility of being able to fit into the current structure in place as at the time…...
mlaReferences
Flaherty, J. (2010). Coaching: Evoking Excellence in Others. Burlington, MA: Butterworth-Heinemann.
Goldsmith, M. & Lyons, L. (2006). Coaching for Leadership: The Practice of Leadership Coaching From the World's Greatest Coaches. San Francisco: John Wiley and Sons.
Hernez-Broome, G. (2010). Advancing Executive Coaching: Setting the Course for Successful Leadership Coaching. San Francisco: John Wiley and Sons.
Peltier, B. (2001). The Psychology of Executive Coaching: Theory and Application. New York: Psychology Press.
Coaching
Color psychology is the study of color on human emotion, cognition, and behavior. esearch reveals a distinct and measurable relationship between color stimuli and human emotional response. This paper seeks to add to the body of literature by focusing on applications of color psychology in life coaching. The goal of life coaching is to inspire clients to reach their highest potential. Color psychology can be used to this end.
Color psychology is the study of the effect of color on mood, mind, and emotion. The subject has been defined as "the way humans think about and equivocate color with sensations and emotions," ("Lesson 5: Color Psychology," n.d.). However, color psychology also has concrete behavioral, cognitive, and counseling psychology applications. Until recently, most of the research on color psychology on human behavior has fallen within the rubric of marketing. Yet color psychology also has a broader application in fields such as counseling…...
mlaReferences
Adams, F.M. & Osgood, C.E. (1973). A cross-cultural study of the affective meanings of color. Journal of Cross-Cultural Psychology 4(2): 135-156.
Bellizzi J.A., Crowley, A.E. & Hasty, R.W. (1983). The effects of color in store design. Journal of Retailing 59(1).
Cherry, K. (2012). Color psychology: How colors impact moods, feelings, and behaviors. About.com. Retrieved online: http://psychology.about.com/od/sensationandperception/a/colorpsych.htm
"Color Psychology: The Emotional Effects of Colors," (2012). Art Therapy. Retrieved online: http://www.arttherapyblog.com/online/color-psychology-psychologica-effects-of-colors/#.UIruWGn-vZw
Coach Carter as a Tool for Therapeutic Development
Though based on a true story, there are many elements of Coach Carter that can be seen as directly related to standard elements of fiction. The titular Coach himself, played compellingly by Samuel L. Jackson, is something of a Byronic hero with his harsh and unlovable exterior and a depth of conviction that does not admit for any real discussion and even excludes politeness quite often, and the series of triumphs and setbacks experienced by many of the characters is typical in many ways of the hero's journey. Cruz especially must go on a complex inner journey in order to find himself and to accept and even to acknowledge his potential, his motives, and his fears. The scene in which he finally admits to Coach Carter that his deepest fear is that he will fail to live up to his potential is one…...
mlaReference
Carter, T. (2005) Coach Carter [film]. Paramount Pictures.
Cashman, K. (2008). Leadership from the Inside Out. New York: RHYW.
Gregerson, M. (2009). The Cinematic Mirror for Psychology and Life Coaching. New York: Springer.
Coaching usually begins after a worker has received basic employee training. At this point, a supervisor assumes the role of a coach to assist the employees in employing as well as maintaining the skills that they have learnt. Both coaching and mentoring techniques are used to help employees in their career and personal development. However, there are differences between the two. Coaching is usually a time-bound activity focusing on the development of those work-related knowledge and skills which are related organizational performance. Mentoring, on the other hand, is not time-bound and can survive even if the mentor or the protege changes careers or locations. Mentoring is focused more on individual development than on both individual as well as organizational development. (Certo, 2005); (Lamb-White, 2008)
The origins of organizational coaching can be traced to the coaching style found in the world of arts and sports. Just like sports coaches, organizational coaches…...
mlaReferences
ASTD Staff, Cat Sharpe Russo, ASTD Press (Editors), ASTD. (2006) "Train the Trainer Vol 1" American Society for Training and Development.
Bar-on, Reuven; Maree, Kobus; Maree, J.G; Elias, Maurice J. (2007) "Educating
people to be emotionally intelligent" Greenwood Publishing Group.
Carter, Earl M.A; McMahon, Frank a. (2005) "Improving employee performance through workplace coaching" Kogan Page Publishers.
Globally and local strategy
In areas of the world where environmental consciousness is less of an image concern, and the appetite for luxury is growing -- as in the case of the emerging middle class in China and ussia -- Coach can rely upon its core brand image. Elsewhere, as in the U.S., Coach can reconfigure its name to become more fashion-forward and teen friendly. Locally, it must expand its price and product range
Comparison to a competitor: Prada
In contrast to Coach, Prada boasts a far wider product range, with a less classic appeal. Prada embraces a dizzying array of fabrics, including nylon handbags, and has a more expansive outreach in its marketing of sunglasses, clothing, and other items. Prada has less snob appeal, given that not all of its items are priced with an eye upon the high-end market, and a consumer wishing to buy the Prada name who is on…...
mlaReferences
Coach. (2011). Official website. Retrieved February 10, 2011 at http://www.coach.com /online/handbags/Home-10551-10051-en#
Prada. . (2011). Official website. Retrieved February 10, 2011 at http://www.prada.us/
Coaching
Ideas that can help my Coaching Model
I did a lot of online research to try to scan for ideas that could help me be a more effective coach. One of the ideas that came up from several sources is that the coaching relationship is dynamic. That is that the relationship is something that is fluid and can take many directions. To operate as an effective coach, its seems evident that you must be able to account for change and think on your feet. It has been said that the best coaches always do more listening than they do talking. You must soak in as much information as you can and then formulate a plan to help the client.
The plan does not need to be comprehensive. In fact, the idea is to help led the client to ultimately develop their own plan. The role of a coach is to help them…...
mlaWorks Cited
Anderson, J. (2002). Executive coaching and REBT: Some comments from the field. Journal of Rational-Emotive & Cognitive Behavior Therapy, 223-233.
Atkinson, P. (2012). Return on investment in executive coaching: effective organisational change. Management Services, 20-23.
Business Balls. (N.d.). life coaching tips for business coaching, personal coaching - techniques for coaching success, performance, career and life-change. Retrieved from Business Balls: http://www.businessballs.com/lifecoaching.htm
Brott, P., & Myers, J. (2011, May). Development of Professional School Counselor Identity. Retrieved from Development: http://www.nice2cq.com/hasava/wp-content/uploads/2011/05/%D7%9E%D7%90%D7%9E%D7%A8-%D7%9E%D7%97%D7%A7%D7%A8-
In fact, one of the barriers to the setting of coals is that learners feel as if they are not accomplishing them. Overcoming this barrier, however, is relatively simple. For instance, Taekwando is a sport that involves those from a variety of age groups and backgrounds. Attaining the skills to be proficient in the sport takes a great time commitment, but because the skills are broken down into belt levels, students see their accomplishments in a timely manner and are often motivated to continue. In addition to organization and motivation, goals can be used for measurement purposes, determining, amongst other progress, if the learner has achieved the goal or needs more work. For this reason, it is important not only for the coach to set goals, but for the learner to explore and discuss his or her own goals. As Meginson and Clutterbuck suggest that "the best learning often…...
mlaReferences
Huitt, W. (2004). Maslow's hierarchy of needs. Educational Psychology Interactive.
Valdosta, GA: Valdosta State University. Retrieved October 12, 2008, from, http://chiron.valdosta.edu/whuitt/col/regsys/maslow.html .
Megginson, David & Clutterbuck, David. (2004). Techniques for Coaching and Mentoring. Boston: Butterworth-Heinemann.
Coaching Philosophy:
Coaching is simply defined as training or instructing through the use of different approaches that enable a group of individuals to obtain the optimal performance level. However, the success of this practice is dependent on the establishment and execution of a coaching philosophy. In this case, the philosophy is an attitude or hypothesis held by the coach and his/her group that functions as the operating principle to govern the actions of the group. Therefore, coaching philosophy is described as an attitude or perception held by a coach, which acts as the guideline for motivating a team or group of people towards the realization of the best possible level of performance.
As a passionate young coach, I will promote the growth of my team members through providing numerous opportunities that enable them to assume responsibility, communicate, and be accountable in nurturing their dreams. My work as a coach would not necessarily…...
mlaReferences:
Burroughs, D. (n.d.). Developing a Functional Coaching Philosophy. Retrieved August 26,
2013, from http://www.avca.org/includes/media/docs/Developing-a-Functional-Coaching-Philosophy.ppt
Guthrie, M. (n.d.). 8 Core Principles in Developing a Coaching Philosophy. Retrieved August
26, 2013, from http://www.humankinetics.com/excerpts/excerpts/8-core-principles-in-developing-a-coaching-philosophy
Carter never allows his students to accept the limitations that have been imposed on them. A good coach understands that students' self-concepts are shaped by their peers, parents, the media, and their adult mentors. When kids are taught that they are more likely to end up in prison than in college, they become resigned to their fate. When they are told not to bother trying in school because "basketball's all they got," the students are likely to view academic achievement with suspicion. The empowerment of students like the ones depicted in the film is one of the keys to social, economic, and political betterment of all disenfranchised communities. Coaches can play a more central role in community and personal development than they even knew was possible. Coaching is not just about winning games or reaping financial fortunes; it is about helping others reach their highest potential.
Personal/Professional Implications
"Our deepest fear…...
During these meetings, it is necessary to align my coaching objectives with both the business and the career goals of the employees. I can directly address the challenge of solving problems for employees without allowing them to do so first by utilizing appreciative questions that requires them to search for applicable solutions. In the event that they cannot I can provide solutions for them. I can directly address the challenge of my avoiding conflict by farming conflict in a beneficial manner which reinforces the positives in the situation, both internally and externally. I can also actively promote the virtues of emotional intelligence from an internal and external perspective to actively reduce the incidence and severity of conflict.
eferences
Ashkanasy, N., Hartel, C., Zerbe, W. (2000). Emotions in the Workplace: esearch, Theory and Practice. Westport: Quorum Books.
Cram, F. (2010). "Appreciative inquiry." MAI eview. 3 (1): 1-13.
Jalongo, M.J. (1995). "Promoting active listening in…...
mlaReferences
Ashkanasy, N., Hartel, C., Zerbe, W. (2000). Emotions in the Workplace: Research, Theory and Practice. Westport: Quorum Books.
Cram, F. (2010). "Appreciative inquiry." MAI Review. 3 (1): 1-13.
Jalongo, M.J. (1995). "Promoting active listening in the classroom." Childhood Education. 72 (1): 13-18.
Kahneman, D, Tversky, a. (1981). "The framing of decisions and the psychological choice." Science. 211 (4481): 453-458.
Digital vs. Film Cameras:
Capturing memories is an important task for many people. Whether it's holidays, special occasions, or just pictures of a random slice of life, recording these precious moments for all time is common in many households. As technology has advanced, new options for taking photos has entered the marketplace, in just the last twenty years -- digital cameras. There are a variety of reasons why digital cameras are far superior to their film predecessors including: convenience, cost, and storage.
Digital cameras are far more convenient and offer more flexibility than film cameras. With digital cameras, the user can immediately see the images they just captured on the screen. This preview image can not only be shown to others, but the photographer can decide if they captured the image they wanted and retake the photo if necessary. In contrast, using a film camera not only means the photographer has to…...
The rate of corruption in Japan is relatively low, at the same level as that of the United States (Japan Today, 2008). Given the popularity of luxury goods in Japan, there is a disincentive for politicians to treat luxury goods in a way that would make them more expensive or less accessible.
There is some degree of economic risk. hile the luxury goods market in Japan has thrived throughout much of that nation's prolonged economic slowdown, recent declines in the Japanese luxury goods market indicate that the sector's historic robustness may be under threat (Kirby, 2009; Degen, 2010). The outlook for the Japanese economy remains relatively poor for the coming years. ith a low interest rate of 0.1%, there is little room for monetary expansion, so it may be years before Japan's economy picks up significantly with strong external purchases of Japanese goods (Ujikane & Otsuma, 2010). This could have…...
mlaWorks Cited:
Prasso, S. & Brady, D. (2003). Can the high end hold its own? Business Week. Retrieved November 2, 2010 from http://www.businessweek.com/magazine/content/03_26/b3839107_mz033.htm
CIA World Factbook: Japan. (2010). Retrieved November 2, 2010 from https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html
Japan Today. (2008). Japan ranked 18th in int'l survey on gov't corruption. Japan Today. Retrieved November 2, 2010 from http://www.japantoday.com/category/crime/view/japan-ranked-18th-in-international-survey-on-govt-corruption
JETRO. (2010). Japan is the world's most concentrated source of revenue for luxury brands. Japan External Trade Organization. Retrieved November 2, 2010 from http://www.jetro.org/content/361
For example, an employee should be categorized on his or her ability to move up the corporate ladder, and the timing of such a move. If Coach wishes to enter India in 2011, then, the company would know which among the firm's managers is able to move into one of the new roles today, and which might be able to move into such roles in the future.
The second policy implication of the integrated approach to strategic human resources management is the locus of control (Bratton, n.d.). This is the control-based component of the strategy. The locus of workplace control at Coach focuses on outcomes and the primary means of employee acquisition are internal, so the policy prescription is focused on a commitment HR strategy. This strategy emphasizes training as a means to increase employees' competencies and outcome control (Ibid). The high consistency of service standards implies that the paternalistic…...
mlaWorks Cited:
Bratton, J. (no date). Strategic human resource management. Palgrave. Retrieved October 28, 2010 from http://www.palgrave.com/business/brattonandgold/docs/bgcha02.pdf
Business Standard. (2010). KIT: The luxury products market in India. Business Standard. Retrieved October 28, 2010 from http://www.business-standard.com/india/news/kitluxury-products-market-in-india/387902/
CIA World Factbook. (2010). India. Central Intelligence Agency. Retrieved October 28, 2010 from https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Coach.com website, various pages. (2010). Retrieved October 28, 2010 from http://www.coach.com
hile this class of Russians was known for its fascination with luxury brands, there is evidence that Russia's newer wealthy class are shifting their tastes to more independent looks (Groskop, 2008).
The target market therefore is going to be part of the older demographic, for whom luxury brands are directly equated with status and style. In Russia, these will tend to be females in millionaire families, aged 35 and up. These buyers will tend to live in either Moscow or St. Petersburg, where almost all of Russia's wealth is held. They are worldly, and are often familiar with luxury brands from their travels. These Russians are well-traveled and consider themselves among Europe's elite. They are usually educated, but most of the women do not work. Shopping is a pastime, and they will invariably have purchased luxury brands before, if not Coach specifically.
Financial Summary
The typical financial picture of a Coach store…...
mlaWorks Cited:
Coach 2009 Form 10-K. Retrieved December 5, 2010 from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY0MzU4fENoaWxkSUQ9MzU4NjcyfFR5cGU9MQ==&t=1
Groskop, V. (2008). How Russia's new super rich are buying cool. The Guardian. Retrieved December 5, 2010 from http://www.guardian.co.uk/lifeandstyle/2008/jan/13/fashion.features4
No author. (2006). Luxury goods firms are profiting from Russia's wealth. International Herald Tribune / New York Times. Retrieved December 5, 2010 from http://www.nytimes.com/2006/12/15/business/worldbusiness/15iht-luxury.3917590.html
Time. (2007). Russia: More than just millionaires. Time Magazine. Retrieved December 5, 2010 from http://www.time.com/time/magazine/article/0,9171,1664380,00.html
Exploring the relationship between performance management plans and terminating employees. How can performance management help employers demonstrate that a termination was not wrongful? How can performance management help wrongfully terminated employees demonstrate that their employment was wrongful?
The importance of goal setting in performance management. How can a manager and an employee work together to set attainable and quantifiable goals for the employee between review periods? Emphasize how attainable goals are important, because setting goals that an employee cannot realistically achieve can demotivate otherwise high-performing employees.
Measuring employee performance under employee management plans? How can human resource professionals help managers develop quantifiable....
Stress in sport can refer to two distinct things. It can refer to physical stress and is compared to recovery periods or it can refer to the emotional stressors experienced by athletes in various sports. Because you referred to the sources of stress experienced by those involved in sport, we are proceeding under the assumption that you are referring to emotional stressors. We are going to provide an outline to give you an idea of what we might include in the introduction, main body paragraphs, and conclusion of an essay about that topic.
Essay Outline:
I. Introduction
A.....
1. The benefits of workplace diversity for employee satisfaction and productivity
2. The challenges of managing a diverse workforce and strategies for overcoming them
3. The impact of workplace diversity on organizational culture and reputation
4. The role of diversity and inclusion initiatives in promoting equality and respect in the workplace
5. The importance of diversity training and education in creating a more inclusive work environment
6. The relationship between workplace diversity and innovation
7. The effects of unconscious bias in hiring and promotion practices on workplace diversity
8. Case studies of successful diversity and inclusion programs in various companies
9. The intersectionality of diversity in the workplace....
1. The Role of the Pastor in Fostering Spiritual Growth and Discipleship
Discuss the pastor's responsibilities in nurturing the spiritual development of church members.
Explore how pastors can create and implement discipleship programs that promote spiritual maturity.
Examine the pastor's role in counseling and guiding individuals through challenges and growth opportunities.
2. The Importance of Servant Leadership in Church Governance
Define servant leadership and explain its significance in church leadership.
Analyze the Biblical foundations and practical applications of servant leadership.
Discuss the benefits of servant leadership for both church leaders and congregations.
3. The Impact of Culture on Church Leadership Styles
Examine....
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