Mattel is the world’s #1 toy maker with more than 30,000 employees and more than $4 billion in sales. A well-established core product portfolio has set Mattel’s established position in the toy market much higher than their competitors. Its products include Barbie, Fisher-Price toys, Hot Wheels and Matchbox Cars, American Girl dolls books, and licensed Disney and Sesame Street products are just a few that have helped them reach such great profits throughout the world. Although Mattel leads the industry, it recognizes the complexity of staying on top in a highly competitive and shifting business. While keeping their sales outlets current, toy companies must constantly seek to achieve the next big hit. In addition the rising pressure of big-box retailers, the Internet, and catalog sales have affected the direction of the industry in more ways than one.…
Method of Comparables...............................................33 Free Cash Flow & Discounted Dividends .................34 Discounted Residual Income.......................................39 Long Run Residual Income .........................................40 Abnormal Earnings Growth........................................41…
George doesn’t die but he does kill his lifelong friend Lennie. He has to kill Lennie because there is no other way to save Lennie. He does this out of love for his friend but others disagree with this. Others believe that George did the wrong thing by killing Lennie and that this makes him a bad friend. In reality George is actually a very good friend and did do the right thing of killing Lennie. It was the right thing to do because he did it out of compassion and love for his friend and Lennie was his responsibility so he had to do it.…
When “A long time ago in a galaxy far, far away . . .”, appears on a screen, the first thought that comes into mind will probably be Star Wars. The opening crawl famously appear in every Star Wars movie with the Opening Theme accompanying the text. Star Wars, which has made over thirty billion dollars, holds a Guinness World Records title for the "Most successful film merchandising franchise." With Star Wars being over thirty years old, a million dollar question can be is how Star Wars fans keep multiplying by the day. Fans are as dedicated, or even more in some cases, as when they first saw the movie in the seventies. There can be many factors of causing the uprise of fans. In my opinion, it’s because of May the Fourth, the Expanded Universe,…
Video games in the last few decades have turned from a niche market into something that dominates the entertainment industry. According to the Entertainment Software Association, 42% of Americans played video games for 3 or more hours per week in 2015. With such widespread usage, parents and researchers alike are trying to discover the impact that these virtual realities can have. First-person shooter games, one of the most popular subgenres of video games, have become a highly politicized and controversial topic. On one side, there are those who believe that exposing our children to a glorified version of war and destruction will lead to adverse psychological effects, namely aggression and anger. On the other hand, we have those who argue…
The LEGO Group (LEGO) is facing new threats emerging in the toy industry from company acquisitions, intensifying competition in the building…
The main amplifier of their sales growth rate is considered to be its investment in quality and design. Toy analyst Jane Westgarth found that they are doing things that are taking Lego into a slightly different…
One would not ordinarily associate violence with doing one's shopping. Certainly, a little hostility may sometimes occur while we stand in line at a supermarket, and on some occasions, when there is scarcity of goods, shopping often brings out the worst in people as they rush to find the scarce item. But usually we would not consider it violence. At the beginning of the 1980s in Zambia, when the ill-conceived economic policies of former President Kenneth Kaunda had already ruined the economic life of the country, I often spent time queuing to buy some salt or cooking oil; many more hours than I care to remember. Sometimes the queues even turned into a positive experience, a meeting place, a place for interaction, sharing of ideas and political convictions. I am convinced that the sharing taking place among frustrated queuers played an important role in the subsequent downfall of Kaunda. The occasional arrogance and bullying while queuing is nothing in comparison to the violence that can take place long before the goods arrive in the shop or supermarket. Violence takes place when there is no morality to our commerce. Nowadays, marketing executives will use all available methods to convince us of the need to buy their company products. They are not selling soap or petrol, but a vision, a way of life. Using the most sophisticated knowledge and techniques, they create unfulfilled desires and then they push us to buy the products that we do not need. But we should not take all the information we receive at face value. The desire for profit and the appeal for a “healthy economy” has led many companies and governments to put aside the necessary moral responsibilities in the age of the global market. One often hears the comment made after watching fast cars,…
* Strategic position: three emerging trends in LEGO external environment influenced its strategy: (1) strong competition from existing companies (e.g. Mattel and Hasbro), (2) threats posed by new entrants offering advanced digital products (e.g. Sony and Nitendo) and (3) as a result of children maturing earlier, the age spam during which they play LEGO products was getting shorter. To mitigate these threats, LEGO made use of its strong position on its market in Denmark as well as its core strengths.…
Before competing in Asia, Lego pursued a global standardisation strategy whereby its aim was to create global products with 95% standardisation and 5% variation in its packaging. Lego started adopting the transnational strategy when competing in Asia whereby there is high pressure for cost reduction and local responsiveness. In terms of cost-reduction, it was vivid when Lego decided to construct a factory in China which is expected to shorten lead times and improve efficiency by responding quickly to retailer demand. The effort to match demand helps to regulate production and reduce warehousing which will in turn reduce the cost. As for local responsiveness, Lego has taken effort to adapt the products to suit Asian market. Lego opened its first theme park in southern Malaysia and it planned to open an onsite hotel. In addition, Lego created new product lines namely ‘Legends of Chima’ and ‘Lego Friends’. Lego also created new video games with an emphasis on the role play of education. Not only that, Lego has adopted the just in time approach and moved closer to customers.…
Although other performance texts from the course syllabus may be adequate selections, A Raisin in the Sun is the best choice to complete the Witrz 2015-2016 season. A Raisin in the Sun is the best as it provides casting opportunities for minorities, is relevant to northwestern, and addresses issues differing from those recently explored.…
Based in California, Mattel, Inc. designed, manufactured, and marketed a broad variety of toy products. The company’s core product lines included Barbie fashion dolls, Hot Wheels die- cast vehicles, Fisher-Price preschool toys along with Disney toys and games like Scrabble (Johnson, 2010). Summer of 2007, Mattel, a global leader in toy manufacturing was faced with a tough challenge of restoring their consumer confidence following several recalls of their toys made in China. Mattel known for possessing the gold standard of testing and safety of its products came under scrutiny for several infractions with their toys. One of which had unacceptable lead levels in the paint and another contained a magnet that could un-attach and potentially harm a child. Mattel had strict requirement for its contract suppliers, which were subject to inspection by independent auditors (Baron, 2013). These issues clearly feel through the cracks or where random isolated incidents. Nonetheless, in order to achieve their normally high standards, Mattel needs to establish a direct relationship with vendors who manufacture the raw materials for their toys and set safety guidelines. Mattel has had to assess whether its current policies and procedures were sufficient to ensure safety. In addition to procedures such as factory audits and inspections, technology could be used to mitigate certain risks (Baron, 2013). Clearly Mattel does not have a sufficiently tight quality control procedure to compensate for the risks of outsourcing to Chinese subcontractors. Design flaws are also a major issue. Although the company responded to the crisis quickly Mattel still faces a number of problems, including significant costs associated with the recalls and new monitoring systems, potential lawsuits and a hit to its reputation.…
Jurassic Park, a cult favorite, seems to be a scary work of fiction. What most do not realize is that there are efforts taking place right now to make the processes of reversing extinction a reality. This process, coined as ‘De-Extinction,’ is defined as using intact tissues of extinct animals to clone them and introduce them back into existing ecosystems. These efforts are taking place all over the world: the United States of America, Australia, Poland, and Russia. (Zimmer, 2013) This process includes taking fragmented DNA from preserved specimens, piecing the fragments together, placing the DNA in an emptied egg, and planting the egg in a female of similar lineage to the species being cloned. (Archer, 2013) The first attempt at this process was in 2003 when Spanish scientists attempted to clone the cells of the last Pyrenean ibex, Celia. The…
Mattel sued the band, saying they violated the Barbie trademark and turned Barbie into a sex object, referring to her as a "Blonde Bimbo."[1] They alleged the song had violated their copyrights and trademarks of Barbie, and that its lyrics had tarnished the reputation of their trademark and impinged on their marketing plan. Mattel also claimed that the cover packaging of the single used "Barbie pink", a trademarked color owned by Mattel.[2] Aqua claimed that Mattel injected their own meanings into the song's lyrics and MCA Records was not about to let their hit single be suppressed without a fight. They contested Mattel's claims and countersued for defamation after Mattel had likened MCA to a bank robber.[3]…
People are always assuming that when they fail, they should just give up. Everyone feels the need to abandon their dream or significant quest when life throws an obstacle to knock them off their feet. Let me tell you why you and everyone else should never concede after a failure.…