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Tribhovandas Bhimji Zaveri Limited
Tribhovandas Bhimji Zaveri Limited
Business Analysis
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SWOT ANALYSIS
SWOT analysis is a business analysis approach that reviews the strengths, weakness, opportunities and threats that a business is facing internally and externally. This method of analysis has been in use over the years and businesses use it to evaluate their performance over a given time frame. The results of the SWOT analysis are then used to adjust and improve business operations that require being improved. In this section of the paper, a SWOT analysis ofTribhovandas Bhimji Zaveri Limited between 2010-2013 is given.
STRENGTHS
The Company maintained its brand name over the years.TBZ is a brand name that consumers have been associated with and has won brand salience in the jewelry industry. New companies and business entering the Indian market find it difficult to cope with competition in a company that has been in operation since 1864.The management team has been able to gain experience over the years and cannot be compared to other jewelry companies which have been operating in India. The employees have also been able to cooperate with the management in achieving the business goals.
The advertising approach used by TBZ is an excellent one which has kept it ahead of other market competitors in the Indian market. Brand awareness has been achieved through the advertising and marketing strategies used by the company. During this period there was stiff competition from other emerging firms such as Gitangali Gem Limited; however, brand recall is something that the company has been able to win, and people have trust in its products. With brand recall, awareness and salience, the organization has been able to gain the customers’ favor and trust. Its net fluctuation margins have been able to remain stable which gives confidence in its shareholders and more people have bought shares from the company between 2010-2013.
An increase in the receivable shares ration has resulted to an increase its profit margin from credit sales to its customers.
Weakness
The company has focused more on the Indian market and has failed to expand to the global market. As much as India is a leading market in terms of jewelry and Gold, there is a need to venture in other market. With the emergence of new companies the Indian market might get concentrated with jewelry r which might be a challenge to the business.
Quality improvement in terms of the products offered has not improved since the company is focusing more on sales and most of the resources are being used in increase the sales. As much as customers love jewelry they require differentiated products which are different from those offered by other companies. Focusing on sales to increase the profit ratio and ignoring other business areas has only got short term solutions.
Opportunity
Entering the global jewelry market is an opportunity that the company can use to increase its sales and handle the increasing market competition. It also needs to increase its sale point so that it can increase the market awareness and deliver the goods closer to the consumers.
Buying shares from other fashion companies, this would increase its opportunity to capture new markets and increase its revenue pool. Diversifying the age of its employees to cater for both the young and old generation especially with the increase in demand for jewelry within the young generation market. Involving celebrities in its advertisement strategies, this will improve consumer awareness in the market.
Opening an IPO (Initial Public Offer) and sell its shares to the public and other interested stakeholders, this will give people a sense of ownership in the company and therefore increasing its revenue and customers.
Setting market standards, with the entry of new companies in the Jewelry industry, the company enjoys the benefit being in the industry for long.It can come up with offers to its customers and reduce the profit margin to win more customers. Not many companies are able to get into the jewelry business which involves Gold and Diamond due to the huge capital involved, the company can control the industry in terms of price and quality of products offered. The company can also sponsor fashion events such as modeling to increase consumer awareness association as well as visibility.
Threats
Increased competition especially from emerging family businesses has been a threat to the company. Entry of cheaper jewelry in the market during this period has resulted to decrease in the number of customer share that the company has on the market.
An increase in the daily payable ration might be a challenge to the payment of debts to its creditors. The company has got bank loans that it needs to pay and with an increase in the ration the financial burden facing the company might increase.
There has been a challenge in securing local stores and showrooms for the company, this is a major threat especially with the increase of competitors in the jewelry market.
PESTEL MODEL OF ANALYSIS
Political Analysis
India has been able to enjoy political stability during this period and therefore an increase even in the foreign customers visiting India. Import levels on gold and diamond have decreased due to the strategies set by the government to reduce its account deficit. Between 2012-2013, the governments raised the import duty imposed on gold to with a 10% increase. Before importers in the gold and gem industry can import more goods they need to export not less than 20% of their earlier shipments before purchasing more precious metals. This has been a challenge to the company towards market expansion.
Government regulations on the entry of new firms into the market has favored fair competition, the regulations have ensured that there is a reduction in the number of black businesses involved in Gem and Jewelry.
Economic Analysis
The Indian Rupee has been stable when compared to other currencies such as the dollar therefore favoring the trade and profit margins in the sales made. Many investors are entering in the market as shareholders; the company has gained a higher number of shareholders than rival firms due to stable and improving trends in the stock market.
Demand for Gem and Jewelry has increased during this period with India being one of the largest markets globally.
Consumer disposable income has raised in India in the period between 2011-2013;in the year 2011,the approximated disposable consumer income was 71787870INR million this rose to 80663730INR million in 2012,this number increased in 2013 therefore consumer shave been able to purchase more jewelry and GEM with new consumers emerging in the market. The consumer disposable income was the highest since 1950 favoring the business world.
Credit availability has increased, and banks are offering loans at favorable interest rates, consumers can take loan to purchase expensive Gems and Jewelry and the firm is able to get loans to expand business operations. Many banks offered Gold Loans to businesses thereby promoting business growth.
The firm has been able to engage in social activities which are part of its marketing strategies. Sponsoring events such as fashion events have it possible for the firm to be engaged in many social events. The population in India is made up of many young people who are the biggest customers in the jewelry and gem market hence creating a suitable market for the firm. India provides a conducive environment for business operations; there are new development areas which are suitable for setting up business stores. Security has been a major threat in the jewelry and gem business but this have improved during this period making it safer to do business.
References
4-traders.com, (2014). Tribhovandas Bhimji Zaveri Ltd company : Shareholders, managers and business summary | NATIONAL STOCK EXCHANGE OF INDIA: TBZ | 4-Traders. [online] Available at: http://www.4-traders.com/TRIBHOVANDAS-BHIMJI-ZAVER-10752357/company/[Accessed 23 Apr. 2014].Tradingeconomics.com, (2014). India Total Disposable Personal Income | Actual Data | Forecasts. [online] Available at: http://www.tradingeconomics.com/india/disposable-personal-income [Accessed 23 Apr. 2014].Dnb.co.in, (2014). Indian Gems and Jewellery Sector. [online] Available at: https://www.dnb.co.in/IndianGemsandJewellerySector/Overview.asp [Accessed 23 Apr. 2014].
Tribal Sovereignty Influence in Indian Cases
Tribal Sovereignty Influence in Indian Cases
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Tribal Sovereignty Influence in Indian Cases
The national jurisdiction significantly made the Indian Americans get involved in various tribal cases regarding the recognition of their sovereignty. However, it consistently included the non-Indians who either visited or settled at the Indians reservations and significantly take advantage not being considered in the nation’s law regarding their unlawful deeds. The federal courts as well as other law enforcement bodies usually find themselves in stressful situations in carrying out jurisdiction as they did not have authority over the non-Indians and other visitors on the Indian lands. It significantly affected the Native Americans that were mostly the victims of the criminality caused by the strangers on their property, and they adequately sought government intervention to enhance justice. The famous examples of such circumstances include the United States versus Dann case as well as the fact between Oliphant and Squamish. In the discussion below, the cases involving United States versus Dann as well as Oliphant versus Squamish are illustrated to a profound extent in consideration of their impacts to the tribal sovereignty.
The cases are inquisitive and leave endless questions to the civilians mind as they wondered whether their civil rights were being considered during the acts of jurisdiction. What were the primary principles delivered form these vocational cases? Are the instances determined against the Indians or are they put in place to undermine the racial supremacy? The circumstances of United States versus Dann, as well as that of Oliphant versus Squamish, effectively signifies the urge of looking sovereignty issues into a closer perception (Leeds, & Shirl 2014). The Dann versus United States case involved two Western Shoshone Indians, Marry and Carrie Dann who offended the Taylor Grazing Act reaction to the illegal activity, the United States supremacy significantly implemented punishment to the defiant regarding the operation of grazing on the prohibited public land. To defend themselves against the law action, Dann claimed that their tribe owned the area that was under disputes as they held the original title. The opposition side where the States government belonged stated that the Western Shoshone’s claim of keeping the lands had been conclusively obliterated before the Indians Claims Commission with immediate effects.
Regarding the Dann’s advocacy, they claimed that the fair reimbursement of the lands had not been done even if the legal hearings approved them in favor of the Indian tribe. Under the Indians Claims Act, the state court suggested that the compensation would capably have affected the Eastern Nevada land title with twelve million acres. Also, the other lands on which the reimbursement was made to the Indians Claims Commission Act could also be meaningfully affected. The Dann’s decision was distinct and specific proposing that the Indians were in the opposition of preserving their title through the jurisdiction (Fletcher, 2017). They reinforced this by demanding that the enclosure of the Indian lands in the Tylor Grazing district does not close down the title. A separate commission was produced to settle down the disagreements by exchanging a peace treaty with the Indians. Five different agreements in total were signed related to the case, but only the Treaty of Ruby Valley is directly applied in the Dann’s case.
During the federal court legal proceedings, the jurors stated that the original title marked the end of the Indians Claims Commission’s actions as well as also legally allowed the government to take over the lands. After appealing, the court of Claims stated that title to the ambiguous areas had not yet been queried, noting that the Indians Claims Commission were dealt with on a specified taking date. Back at the prison; the state court authorized Dann from additional intervention. The underprivileged of the government reimbursements for the Indians’ trespasses that paved the way for the approval of the claims award. Has the title been kept adequately till the date of sentence and if so did Dann have a share of the land in that title? That was the involving question that would have been put in consideration during the case judgment. The determination of these matters would have eventually suggested the legal owner of the twelve million acres of the Eastern Nevada land.
The other case that led to high tension in that Indian reservations to the extent of prohibiting non-Indians in their lands involves Oliphant and Squamish. The action was as a result of the immoral conducts and their acts of not adhering to the national and Indian laws. The tribunal courts and other federal jurisdiction bodies have been denied the power of prosecuting the non-Indians who lived as well as visited the reservations. The non-Indian were omitted from the Suquamish tribal court’s authorities. The Oliphant case encompasses two non-Indians Daniel B. Belgarde and Mark David Oliphant, who was put in custody in the Indian reservations after committing several crimes. The Suquamish Indian’s Tribe Law and Order Code against non-Indians offenders were significantly imposed (McNeil 2017).
Oliphant was imprisoned and accused of assaulting a senior tribal officer and fighting back arrest during the yearly Suquamish festival. After the federal court proceedings, Oliphant was released on saying that he will be availing himself of all the necessary judicial actions and will not be affianced in any other misconduct as set by the court. The other supplicant Belgarde was detained after participation in high-speeding along the Indian lands highway and ended up crashing into a tribal guard car. The subject was released after posting bail to the tribal court. Afterward, judgment was pronounced on for recklessly driving jeopardizing another person’s life and obliteration of the tribe’s assets. After a while, he was brought before the court and charged under the tribal Code with irresponsibly jeopardizing another person and damaging tribal assets. Since then the Tribal court hearings against both Oliphant and Belgarde have remained undecided.
The two suitors applied a writ of habeas corpus suggesting that the federal court did not have the authority of jurisdiction over the non-Indians and other people visiting the Indian lands. After legal proceedings, the federal court was against the petitions and disagreed with the request arguments, hence denying their appeal. The Oliphant’s case rejection of habeas corpus was asserted by the Court of Appeals for the Ninth Circuit and the district court, but the Supreme Court held that Indian tribal courts did not have criminal Jurisdiction over Non-Indians. The Belgarde appeal remains pending as the issue remains uncertain. Even though the tribal courts detains the non-Indians for various offenses, they lack the power to impose jurisdiction to the defendants. The act of Indian tribal courts not having the mandate over no-Indians is a significant threat and back-draw to the country’s sovereignty.
In consideration of both discussed above cases, both were not judged in favor of the Indian community. Fundamental civil rights of the Indians were not put in the account during the jurisdiction of these cases. The act of the defiant committing misconduct against the nation’s law should have been taken more conveniently as they deserved to face the country’s jurisdiction regarding their ethnicity (Chambers, 2014). Allowing the non-Indians to go without legal judgment according to the law makes them prone to committing unlawful deeds and endangering the civilians’ well-being. Therefore, policies should be put in place to rectify the rules in such a way that it will be considerate of all people in the Native American reservations whether Indians and Non-Indians who stay in the lands or come to visit.
As discussed above, it is useful for the national and federal courts to put in place laws regarding the non-Indians in the reservations. It is recommendable that they have conveniently worked and enhanced that all the people involved in delinquency whether civilians or no-civilians are prosecuted and sentenced according to country’s law.
References
Chambers, R. P. (2014). Reflections on the Changes in Indian Law, Federal Indian Policies and Conditions on Indian Reservations since the Late 1960s. Ariz. St. LJ, 46, 729.Goldstein, L. F. (2017). The US Supreme Court and Racial Minorities: Two Centuries of Judicial Review on Trial. Edward Elgar Publishing.
McNeil, K. (2017). 19. Indigenous territorial rights in the common law. Comparative Property Law: Global Perspectives, 412.
Fletcher, M. L. (2017). Toward a New Era of American Indian Scholarship: An Introductory Essay for the American Indian Law Journal. American Indian Law Journal, 1(1), 1.
Leeds, S. L., & Shirl, E. S. (2014). Whose Sovereignty; Tribal Citizenship, Federal Indian Law, and Globalization. Ariz. St. LJ, 46, 89.
TRIANGLE SHIRTWAIST FACTORY FIRE
TRIANGLE SHIRTWAIST FACTORY FIRE
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Triangle Shirtwaist Factory Fire
Workers are always in need of better working conditions from their employers and especially if the conditions in the place they are working are not very good. This has evolved with time and looking at the 1911 incident of the fire at the Triangle Shirtwaist Factory it is clear to state that working conditions of workers have to be considered in companies and other factories otherwise their grievances will always erupt in one way or the other.
If the issues are not addressed by the management the other ways the issues are shown off might be to the extreme and might not always be the best. A very good example is what happened in shirtwaist factory as the article states that it began with a cigar rate most probably which was intentional or due to stress or depression accused to the many working hours of the workers and no extra pay. This paper, therefore, tries to explain the issues which led to the deaths of triangle waist workers like depression, lack of unity, the state of being immigrants, employer mistreatment and working excess hours with no pay, the fear of death from fire and lastly the paper discusses the effect that had on modern-day regulations on the workplace.
Firstly due to the many bad working conditions present at the cloth-making factory, most of the workers were depressed and had stress. As one of the states, they were supposed to work from 7:30 in the morning until 6 pm. However, this did not happen as they worked until 9 pm and were given a piece of an apple for supper. In today’s time, this seems completely like real mistreatment which cannot be accommodated in any place. However back then in 1911, the major reason for accommodating this was that the workers were not Americans but rather were immigrants. Being immigrants back then meant that they never enjoyed the same rights as Americans. Even apart from the rights, the major issue was the fear of being fired since there was a lack of unity. Lack of unity meant that if a person tried to complain they were never given that chance and therefore lost their job. Due to these issues which were lack of unity and them not being Americans led to stress and when the fire came up which might have been caused by one of them they just jumped without caring because they were already too stressed.
Lack of unity in the workplace is a very big issue and that has been addressed nowadays with employers societies whereby the employers work together and are members of the organization to make sure that the rights of the employees are taken care of in the best manner possible. Lack of unity in any workplace trickles down to the fact that most employers might mistreat their employees if they are not organized just like the case of the triangle factory. The employers were mistreated because they were not organized and that was one very big problem. They worked excess hours in fear of losing their jobs because of a lack of unity.
The other reason for the deaths was the fear of fire and that was the reason why most of the workers jumped off. The reason behind it was that most of them wanted a quick death than the one they will have to feel being burned to death.
From the events of the fire and the treatment of workers at the triangle cloth line, there were many discussions on how to ensure that the workers were given priority and everything was done in the right manner honoring the rights of everyone and if extra time was added there was added payment. These discussions came to laws and in today’s laws, the rights of the workers are very much protected. Therefore employees have to operate by the laws and not just what makes the highest profit for their companies.
Bibliography
Behrens, Eric G. “Triangle Shirtwaist Company Fire of 1911: A Lesson in Legislative Manipulation.” Tex. L. Rev. 62 (1983): 361.
Von Drehle, David. Triangle: The fire that changed America. Grove Press, 2004.