Blue nile case. Blue Nile, Inc._ Case Study blog.sigma-systems.com 2022-12-08
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The Blue Nile is a river located in Ethiopia and is a major tributary of the Nile River. It is the source of a significant portion of the water that flows into the Nile, which is a vital resource for millions of people living in the region. In recent years, the Blue Nile has been the subject of a number of controversies and challenges, including dam construction, water allocation, and environmental degradation.
One of the main issues surrounding the Blue Nile is the construction of the Grand Ethiopian Renaissance Dam (GERD), which is being built on the Blue Nile near the border with Sudan. The dam is intended to provide hydroelectric power to Ethiopia, which is one of the poorest countries in the world and has limited access to electricity. However, the dam has also been a source of tension with Sudan and Egypt, which are downstream from the dam and rely on the water from the Blue Nile for their own agricultural and domestic needs.
Another issue related to the Blue Nile is water allocation, as there are competing interests among the various countries and communities that rely on the river. For example, the Ethiopian government has been criticized for prioritizing the construction of large-scale irrigation projects over the needs of local communities and small farmers. This has led to conflicts and disputes over access to water, as well as concerns about the potential impacts on the environment and local ecosystems.
In addition to these challenges, the Blue Nile and its surrounding region have also been impacted by environmental degradation, including deforestation, soil erosion, and pollution. These issues are often linked to human activities, such as agriculture, logging, and industrial development, and can have serious consequences for the health of the river and the people and ecosystems that depend on it.
Overall, the Blue Nile is a vital resource that plays a critical role in the lives and well-being of millions of people in the region. However, it is also facing a number of challenges, including dam construction, water allocation, and environmental degradation. These issues will need to be carefully managed and addressed in order to ensure the sustainable and equitable use of the Blue Nile and its resources.
Case Study: Blue Nile Inc. Analysis This Company
Accessed December 31, 2022. The company also targets the middle class that would like to buy and can afford jewelry as gifts or for personal use. Additionally, firm T is more well-known than competing businesses, which is why clients liked them more. The decision that is being taken should be justified and viable for solving the problems. The e-commerce is recognized in the whole world and the Blue Nile will not have problems with the establishment of their product in the local market. At the same time, a start-up internet seller, Blue Nile, became the second largest diamond seller in the U. In order to attain success, Blue Nile has to focus on the issues of product differentiation, market diversification, product diversification, human resources management and technology leadership.
However, it was affected by the high cost of entering into the UK market thereby reducing its potential in the global market Alkhafaji, 2003. The online jewelry industry is of great concern as far as contemporary business is concerned. The company faces the greatest threat from Tiffany and Co. SWOT Analysis of Blue Nile Strengths: Reliable blue nile Blue Nile, Inc. Harvard Business Case Studies Solutions — Assignment Help In most courses studied at Harvard Business schools, students are provided with a case study. The primary strategy attained by the Blue Nile is by two methods, providing free shipping and delivery insurance for the customers, this online ordering has made customers a positive approach towards the company. The Blue Nile management has found drawbacks in online shopping therefore, to increase the customer satisfaction and reliability they have introduced insurance policy and free return policy.
Selective expansion will help to retain competitive advantage for the medium range future and grow market share internationally. Key factors that are crucial to success in the diamond industry include reputation of the firm, product quality, product design, services offered, value for money and product availability. However, the problem should be concisely define in no more than a paragraph. The consistent increase in financial performance of the company over the last six years, is a key aspect of concern, which demonstrates the financial strength of the company Thompson 279. Also to keep their pricing competitive. Debt, Equity, and Valuation 22 III. Given the varied supply chain components and supply chain costs.
Blue Nile, Inc._ Case Study blog.sigma-systems.com
Taylor and Frank and Lillian Gilbreth. Retailers must prove they are reputable, reliable and trustworthy. Supplier bargaining power is a mixture of strong and weak factors leaving this force with a medium impact on the industry. The potential for new entrants to the jewellery market is relatively low due to the high costs of inventory, the lack of differentiation of product and the brand recognition held by the industry leaders. After introduction, problem statement is defined. Competitors for Blue Nile not only include the online jewelry sellers such as Diamonds. Therefore, it is necessary to block the new entrants in the industry.
Like the Canadian diamond producers Ekati in 1998, Diavik in 2003, Jericho in 2006 and Snap Lake-4 in 2007 making Canada now the third largest diamond producer in the world. The great performance and appreciable incomes can be attributed to support that they get from the suppliers throughout the years. Despite the high threat of supplier bargaining power, Blue Nile Inc has managed to ensure low operational costs, by ensuring supply of quality products at the lowest prices. The substitutes would be to go for a lower grade of diamond, some would also go for the white gold, natural blue sapphire also comes in handy as a substitute, ruby, emerald and alexandrite are as well substitute products that have of late competed against diamond Sam Abbay, 2012. The competition is getting stiffer due to the flooding of more firms into the trend of marketing through the internet. The Blue Nile should not limits its product range in engagement ring, it should expand to wide product range.
This analysis must include the extent to which relevant information about the commodities and services of the company reaches the target market. The suppliers also offered real time market intelligence providing Blue Nile with the kind of products that would sell at a given time hence enabling them to manage their inventory appropriately. In November 2011, CEO Diane Irvine, who had been with the company for 12 years and its CEO since 2008, abruptly resigned. In this manner, the entire profit rises to a respectable sum. Blue Nile, for example, has recently seen success in the worldwide market, although international profits only make up 13% of revenue.
The business model, competitiveness, opportunities, threats and potentiality in excelling in the industry will be evaluated. In this model, five forces have been identified which play an important part in shaping the market and industry. With regard to financial performance, Blue Nile is leading success in the online jewelry industry. Antony Allen, 2008 the customers have reduced risk as they have insurance and the Blue Nile provides the customers quality diamonds to their home. The new entrants of the traditional Jewelry Industry will need a large amount of capital for inventory, established brands to attract customers, and a strong sales team.
Websites for USA, UK and Canada World's largest online… Pages: 5 1424 words · Type: Essay· Bibliography Sources: 0 Term Paper … ¶… System Analysis The company is going to be listed at the stock exchange; the company listing exercise will include a few activities such like Pre-Planning until the first… Pages: 13 3770 words · Type: Term Paper · Style: MLA· Bibliography Sources: 0 Research Paper … Nile River in Egypt The River Nile is the longest river around the world that covers 954,187 miles from the source of Burundi Mountains Chapin, 1990. Costco depends heavily on its ability to purchase merchandise in sufficient quantities at competitive prices. The company was established, as there was a history of unpleasant shopping experience of an engagement ring. The potential for new entrants to the jewellery market is relatively low due to the high costs of inventory, the lack of differentiation of product and the brand recognition held by the industry leaders. They also need to develop a program to offer more product differentiation.