These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets.
Jewelry consumers deserve to know that we have taken every effort to ensure that their jewelry is sourced and crafted responsibly. As a founding member of the Initiative for Responsible Mining Assurance IRMAthe company has collaborated with representatives from industry, NGOs, impacted communities, labor organizations and others to develop third-party, multi-stakeholder standards for responsible mining.
This year IRMA plans to pilot the draft standard and release a revised draft before a final standard is adopted. Tiffany also has taken an innovative approach to sourcing by forming direct relationships with many of the mines that supply diamonds and precious metals.
Inthe company received percent of its rough diamonds either directly from a known mine or from a supplier with multiple known mines. Paper and packaging To ensure that the paper for Tiffany Blue Boxes and bags is responsibly sourced, percent of paper suppliers for boxes and bags in were FSC certified.
FSC certification assures that wood and paper products come from renewable and well-managed resources.
Building footprint Tiffany has committed to reducing total global greenhouse gas emissions by 15 percent from to Last year it continued a global initiative to replace energy-intensive lights in retail displays with efficient LED lights and expanded it to include LED overhead lighting.
By the end ofover 30 retail locations were retrofitted with LED overhead lighting, with an additional 35 to 40 locations planned in Tiffany appears to get it: Little blue box by Shereen M via Flickr CC writer, editor, reader and general good ok mostly good, well sometimes good guy trying to get by Follow Bill DiBenedetto billdibenedetto.Internal Environment People.
Philosophy. Personality • Customer Service Orientated • Greater than normal Training for sales representatives • Dedicated to the “Tiffany Experience” • . Tiffany & Co. continues to experience exciting growth as a high-style global fashion icon with a reputation for the finest jewelry and accessory items.
Our brand is an international hallmark of quality, and our careers are no exception.
Below is a SWOT analysis for Tiffany & Co. and a highlight on its main current strengths and weaknesses (internal factors to the organization) and the company’s opportunities and threats (external factors presented by the environment).
At Tiffany & Co., we believe it is our moral duty to sustain the natural environment.
As a result, we are committed to not only minimizing our impacts as a business but also using our voice and actions to positively affect communities and protect the planet. Michael J. Kowalski, chairman and CEO of Tiffany & Co., the world-famous luxury jeweler and specialty retailer, wasted no time correcting what he called a “misperception” about his company’s.
The Tiffany & Co. Internal Audit Department, which reports to the Audit Committee of the Board of Directors, provides independent, objective assurance and control advisory services to the Company to evaluate the effectiveness of risk.