On September 25, 2018, reports became public that Michael Kors was finalizing the acquisition of the European-luxury brand, Versace, for $2.1 billion. This news generated more backlash than it did support, as loyal customers voiced their own opinions on social media platforms. Versace, a high-end luxury brand, has a very respected reputation that is known across the world, whereas Michael Kors has found itself on the low end of American retail stores, like TJ Maxx and Marshalls. European consumers are afraid that the wide-scale approach of Michael Kors is going to diminish the respect of the brand. This was not only just a number of online complaints, after the news came out, the stock of Michael Kors immediately dropped 10% in value. Despite all of this backlash from passionate customers, Michael Kors has a vision in mind when purchasing a world-renowned brand in V...
Personal Business Plan At Galioto Inc., I strive to make connections with family, friends, and colleagues on a personal level, while keeping in mind that these people can ultimately help me achieve my own goals of professional success. Business Environment Having the choice to enter any industry that the market offers, there were a few options to consider before I made my decision. I have always had an interest in math, so having the ability to use those skills has always been appealing to me. Many of my family members work within one function of the business world, so having the background knowledge that I have complied over the years has created an interest in my mind for many years. Using my math skills, with the knowledge that I have of the business world, led me to major in accounting. The industry is large, possibly one of the biggest out of any in the market right now. According to the Bureau of Labor Statistics, the financial activities sector actually fell ...
On Tuesday, September 25 th , I attended Chatham’s Business and Entrepreneurship Club Accounting and Information Systems Networking Mixer. The event began with roughly an hour of discussion between professionals invited to attend the event and students here at Chatham. I talked with a number of people who already work in the business world as well as presidents of clubs around campus. This part of the event was followed by a two-hour panel discussion, hosted by Dr. Chung. The panel consisted of three leaders in the areas of robotic accounting initiatives, including the use of artificial intelligence. Tom Bartos, the CFO of Cognistx, is an expert in artificial intelligence with various types of business applications. Jim Marino, technology manager at PNC Bank and adjunct professor at Chatham, discussed the implementing of robotics in accounting and how PNC Bank has used MIS within its company. Dan Desko, team leader in auditing and risk management at Schneider Downs, provided informati...
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