Kohl's Buseness Model

In: Business and Management

Submitted By mjansky14
Words 905
Pages 4
Chris Corman
Kohl’s an Innovative Company

I have worked for Kohl’s over eight years now. And I have never seen or heard of a company that is as environmentally friendly and dedicated to giving back to the community around as Kohl’s is. Through their associate volunteer programs, Kohl’s cares for kids merchandise items, and their go green initiative Kohl’s to me is by far exceeding the average “company standards” on being innovative. Kohl’s cares mission statement “We believe in giving back to the communities we serve, not just with money and resources but also with talent and time. Through our community giving and volunteer program, we support kids' health and education, environmental initiatives nationwide and women's health in Wisconsin, specifically the fight against breast cancer. We envision a future where kids are healthy and resources are plentiful, because the way we see it, giving back also means looking ahead. Since 2001 Kohl’s has been a part of 172,000 volunteer events. While donating over $97 million to charities. In all of those events over 1 million associates have volunteered over 3.2 million hours. Those charity events must meet certain criteria. A minimum of five Kohl's Associates from one Kohl’s location must volunteer for a minimum of three consecutive hours in one day. The activity must benefit a qualifying youth-serving organization, for children ages birth to 18 years of age, 501(c)(3) nonprofit organizations (or Wisconsin-based 501(c)(3) nonprofit organizations that focuses on breast cancer). Funds must be used to directly support youth, age’s birth to 18 years, community-wide (or breast cancer initiatives for women in the larger Wisconsin community) as classified by the IRS. Kohl's is committed to protecting and conserving the environment by seeking innovative solutions that encourage long-term sustainability. From large-scale…...

Similar Documents

Model

...The Howard Sheth model, serves as an integrating framework for a very sophisticated comprehensive theory of consumer behavior. It should be noted that the authors actually use the term buyer in their model to refer to industrial purchases as well as ultimate consumers. Thus, it can be seen that their interest was to develop a unified theory useful for understanding a great variety of behaviors. The model attempts to depict rational brand choice behavior by buyers under conditions of incomplete information and limited abilities. It distinguishes three levels of decision making: 1) Extensive problem solving – early stages of decision making in which the buyer has little information about brands and has not yet developed, well defined and structured criteria by which to choose among products (choice criteria). 2) Limited problem solving – in this more advanced stage choice criteria are well defined but the buyer is still undecided about which set of brands will best serve him. Thus, the consumer still experiences uncertainty about which brand is best. 3) Routinized responses behavior – buyers have well defined choice criteria and also have strong predispositions towards the brand. Little confusion exists in the consumer’s mind and he is ready to purchase a particular brand with little evaluation of alternatives The model borrows from learning concepts to explain brand choice behavior over time as learning takes place and the buyer moves from exclusive to routinized problem......

Words: 601 - Pages: 3

Kohl's Forecasting

...Assignment After review the Kohl’s 10K report, I calculated the sales growth, cost of good sold, SG&A, interest expense non-operating income and effective tax rate. I also forecasted these amounts based on the company’s new strategy and the historical numbers. The attachment worksheet will show the numbers I forecasted. Through reviewing the company’s sales growth from 2005 to 2009. I think the company was greatly influenced by the financial crisis in 2008 because the sales growth at that time was -0.5%. It can be sure that during 2008, the company suffered losses. However, after 2008, the company recovered the losses and started to make money again. During 2010, the total net sales were $18.3, a 7.06% increase over 2009. So the sales growth increased significantly compared to 4.8% in 2009. The reasons for this big increase are first, the E-commerce revenues increased over 40% and second, the company opened new 12 stores. However, during 2011, the sales growth decreased to 2.25%. One of the biggest reasons is because the company changed their strategy during 2011. Before 2011, the company used pricing strategy to compete with their competitors. However, the company increased its selling price per unit and last it for an entire year, which changed their pricing strategy, so the annual sales begun to fall. But, in 2012, the company reduced its selling price per unit during holiday seasons and higher apparel costs, especially in the first six months of 2012, which were......

Words: 924 - Pages: 4

A Model

...A model is a simplified representation of some aspect of the world. In what ways may models help or hinder the research for knowledge? A model by definition is “a schematic description of a system, theory, or phenomenon that accounts for its known or inferred properties and may be used for further study of its characteristics”[1] that implies that a model is supposed to be a helping hand while searching for knowledge in any subject. Sometimes however models can appear to be quite confusing as they are to general or too far away from real life situations. So how and in what way models can help and hinder the search for knowledge in natural sciences, human sciences and arts I am going to argue in the following essay. In school we learn all our subjects with the help of models and especially in natural sciences we need them in order to assume what might happen if, say in biology, in a cell there is a lack of oxygen and we know and can explain with a model of a cell and of the respiratory cycle how anaerobic respiration works and what it does and needs. With the help of the model and through logical connecting of facts that the student might already have, he can develop the thought in his or her mind and therefore gain new knowledge about a theoretical process that was proven to take place in the human body. Another model, which however is not as accurate also in Biology is the Sigmoid Population growth curve. It displays the population growth of a species over a period of......

Words: 1415 - Pages: 6

Models!

...The specification says ‘explanations’, which means you’ll need to know at least two explanations. 1. The importation model – this explains aggression in prisons. In brief, it says aggression occurs because of characteristics that prisoners bring inside with them. Cheeseman (2003) said that men in prison have a certain way of behaving (probably why they went to prison in the first place!) and they then apply that behaviour to their new institutional setting. Toch (1997) says this: all prisons inherit their subcultural sediments from the street corners that supply them with clients. This suggests that young people can be aggressive both on the street and in prison. Personal and psychological factors that existed in inmates before being incarcerated can affect the level of aggressive behaviour shown in prison. Mills, Kroner and Weekes (1998) studied prisoners admitted to a Canadian prison using the alcohol dependence scale (ADS). Inmates who had higher levels of dependence were associated with more aggression shown in prison. Also, inmates who had greater periods of unemployment, lower levels of education, and a more serious criminal record were more likely to be aggressive in prison (Kane and Janus, 1981). Demographic variables that seem to influence aggression in prisons are race and age. Studies in America have shown that non-whites and younger prisoners are more likely to be aggressive whilst incarcerated. Kane and Janus (1981) say that this is because these......

Words: 1032 - Pages: 5

Evaluation of Kohl's

...Kohl opened his first store in southeastern Milwaukee, it was a grocery store called Kohl’s Food Store. Mister Kohl was very successful but was not content selling groceries, so he kept adding to his inventory. In 1962 Maxwell Kohl opened his first department store in Brookfield, Wisconsin. Today Kohl’s Department store has 1,158 stores in 49 states. Kevin Mansell, current Chairman, President and Chief Executive Officer (CEO) states in the Kohl’s new associate hand book that Kohl’s builds their great company around the associates. Associates bring their talents, skill and leadership to build the foundation of the company. Kohl’s accomplishes this with a clear core value, teamwork and consistent focus on the costumer. “Expect great things; every customer, every store, every time” is Kohl’s focused goal. Kohl’s mission statement is; To be the leading family-focused, value-oriented, specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient, friendly and exciting. (Associate Handbook, pg.2) Kohl’s core value is based on the word Values: V – Very result oriented A – Acts with integrity L – Leverages teams and partnerships U – Uses an informed approach E – Engaged, prepared and focused S – Strives to develop self and others The six core values are the heart of each associate and are the DNA of Kohl’s. Kohl’s favors a duty-based ethical system for their associates. The ethical responsibility......

Words: 976 - Pages: 4

Model

...IJFPSS, Vol.1, No.2, pp. 35-38, Dec, 2011 H. Darestani Quality excellence model: A review of researches in Developing countries Wan Khairuzzaman Wan Ismail1, Hassan Darestani2*, Maziar Azimzadeh Irani3 1 2 International Business School (IBS), Universiti Teknologi Malaysia (UTM), Malaysia Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia (UTM), Malaysia, 3 International Business School (IBS), Universiti Teknologi Malaysia (UTM), Malaysia dhassan2@live.utm.my (Received Nov 2011; Published Dec 2011) ABSTRACT There have been fundamental changes in management since 1950, and these changes are still affecting enterprises around the glob. Quality as the main issue of these changes has received special consideration. The European foundation for quality management (EFQM) was established in 1988 in order to achieve quality leadership and continuous improvement. EFQM is a model which is designed for all kinds of organization and with utilizing self assessment as a strategic tool helps companies to identify their weaknesses, strengths and areas of improvement. This paper reviews some of the studies conducted in developing countries about applying EFQM in enterprises with special attention to small and medium-sized enterprise (SMEs). The main purpose of this study is to find whether EFQM model have been successful in building winning and efficient organizations in developing countries. Due to the situation of global market and competitive...

Words: 2420 - Pages: 10

Course Project 2 Comparing Kohl's and Jcpenny

...Analysis Project -- A Comparative Analysis of Kohl’s Corporation and J.C. Penney Corporation Below is the link for the financial statements for Kohl’s Corporation for the 2010 fiscal year ending January 29, 2011. Under the term Groupings Filter, change the term All Forms to Annual Filings using the drop-down arrow and press Search. You should then scroll down and select the 10k dated 3/18/2011 and choose to download in Word or PDF format. http://www.kohlscorporation.com/InvestorRelations/sec-filings.htm Below is the link for the financial statements for J.C. Penney Corporation for the 2010 fiscal year ending January 29, 2011. Under the term Groupings Filter, change the term All Forms to Annual Filings using the drop-down arrow and press Search. You should then scroll down and select the 10k dated 3/29/2011 and choose to download in Word format. http://ir.jcpenney.com/phoenix.zhtml?c=70528&p=irol-sec A sample Project template is available for download in Doc Sharing. The sample project compares the ratio performance of Tootsie Roll and Hershey using the 2009 financial statements of Tootsie Roll and Hershey provided in Appendix A and Appendix B of your textbook.   |   | Description | |   |   | This course contains a course project where you will be required to submit one draft of the Project at the end of Week 5 and the final completed Project at the end of Week 7. Using the financial statements for Kohl’s Corporation and J.C. Penney......

Words: 1194 - Pages: 5

Buseness Management

...bond financing of facilities, many of the larger aerodrome operators have required airline tenants to lease gates and counter space for a period of up to thirty years and in a few instances, dominant airline carriers have built their have possession of terminals and subsequently retain complete control whether fully utilize or not. Consequently, independent speculation in airport gates, restrictions on minimum aircraft sizes during peaks and overcrowding or scarcity pricing are important policies to be considered. Needless to say, the academic narrative has discussed replacing the weight base landing charge with peak pricing for the last forty years but so far to no avail.  were among the first to discuss this issue.  developed a bottleneck model and applied it to l airport, arguing that by spreading the peak, the airport could amplify air traffic movements by as much as 30%. A series of pass by least some of the congestion is internalized by hub airlines, namely that which it impress on itself, however this does not remove the need for peak pricing nor the need to ensure access for impending new entrants.  Argue that second-best, atomistic congestion charges would improve social welfare and significantly reduce delays at congested airports in the United States even if internalized congestion is essentially charged twice.  argued that peak pricing has so far been unsuccessful, citing three attempts at, the Port Authority of. His main line of reasoning suggest that performance......

Words: 1280 - Pages: 6

Business Model

...and operate in international markets has increased the profits and overall net income of these multinational corporations. McDonalds, Exxon and Wal-Mart are among many global companies that have been able to increase their revenues by operating in international markets. Wal-Mart’s international ventures accounts for 20.1% of their total revenue which is estimated at $60 billion annually. The purpose of this paper is to select a company and discuss their business model. The company we will be looking at through out this paper is Wal-Mart. Wal-Mart’s slogan “Saving people money so they can live a better life” is what Wal-Mart’s business model is all about. Selling thousands of quality merchandise to low-income consumers at extremely low prices has been responsible for their success in the United States. Achieving success domestically is quite different from succeeding internationally. Doing business globally requires different business models. For a successful transition into the global environment, each business model must be designed to adhere to the preference or norms of each individual country. Both Wal-Mart and Ikea realized that success in the global market goes beyond offering low priced items when they moved into the global market. Its failure in Germany and South Korea made them realize that culture is a factor that must be considered when operating in international In this paper I will also look at some the factors affecting Wal-Mart and based on my opinion offer......

Words: 2155 - Pages: 9

Financial Analysis for Kohl's

...Financial Statements Analysis Project By Mayra Mangual Contents Research Summary 3 Appendix B: Research Summary 3 About Kohl’s Corporation 5 Inventory cost-flow assumption 7 Depreciation method 7 Major Operating Segments 7 DuPont analysis of Competitors 8 Company News 9 Financial Statement Analysis 10 Balance Sheet Analysis 10 Income Statement 13 Statement of Cash flows 16 Asset Management 17 Ratio Analysis 20 Appendix 1: 24 Consolidated Statement of Financial Position 24 Consolidated Statement of Operations 256 Consolidated Statement of Cash Flows 267 Appendix 2 278 Excel Input and output data 28 Appendix 3 35 Dupont Analysis of Competitors 35 Research Summary Appendix B: Research Summary Prepared by: Mayra Mangual     Date: May 1, 2014 1. Industry Name:   Retail Industry 2. Company Name: Kohl’s Corporation  3. KOHL’S ANALYSIS Profitability (Strong / Average / Weak) How does your company make money? The profitability of the Company is average as it has profitable operations but it has decreased by approximately $97 million from 2013 to 2014. The Company is earning most of its profits from the retail business which is sustainable because of the retail network established along with the brand equity of the Company. | Financial (Risk) (Low risk / Average / High risk) The financial risk of the Company has......

Words: 5090 - Pages: 21

Kohl's & Jcpenny Financials

...Use this Excel spreadsheet to compute ratios; show your computations for all ratios on this tab and also include your commentary. The financial statements used to calculate these ratios are available in Appendix A and Appendix B of your textbook. Interpretation and comparison between the two companies' ratios (reading the Appendix of Chapter 13 will help you prepare the commentary). Kohl's JcPenny The comparison of the ratios is an important part of the project. A good approach is to briefly explain what the ratio tells us. Indicate whether a higher or lower ratio is better. Then compare the two companies on this basis. Remember—each ratio below requires a comparison. Earnings per Share of Common Stock (basic - common) Current Ratio Gross Profit Margin Rate of Return (Net Profit Margin) on Sales Inventory Turnover Days' inventory outstanding (DIO) As given in the income statement $3.67 Current assets Current liabilities 5,645 2.08 $6,370 $2,647 = 2.41 = 38.2% $6,960 $17,759 = 39.2% = 6.1% $389 $17,759 = 2.2% 3.8 times $10,799 $3,119 = 96 days 365 3.5 = 105 days = #DIV/0! $6,644,252 $430,441 = 15.4 #DIV/0! days 365 15.4 = 23.6 days 2,710 Gross profit Net Sales $18,391 Net Income Net Sales $18,391 Cost of Goods Sold Average Inventory 365 days Inventory turnover Accounts Receivable Turnover Net credit sales Average Net Accounts Receivable Days' sales outstanding (DSO) 7,032 $1,114 11,359 2,980 365 3.8 365 Receivable......

Words: 456 - Pages: 2

Models

...1.Rational goal models it can bring all the workers together which make the manager easier to control and rule them. Therefore, there is a more powerful right and firms can run the business easier. For example, employer can directly control the time limit or even the division of labour. Also, this can increase the output for the company. However, there is also a risk of business failure in it . Internal process models managers can creat bureaucratic structures which make workers can understand the clear rules to it. Also, they were using scientific management techniques to control production and impose discipline on factory work. The importance of a career structure is linked to a person’s position.The right to give instructions was based on a person’s position in the hierarchy, and a rational analysis of how staff should work. This worked well in large public and private organisations, such as government departments and banks. Human relations models This replaced bureaucratic institutions by networks in which people themselves analysed their problems and implemented their solutions. managers tell people to behave as if they are extensions of a machine, they will do so.managers would not manipulate their subordinates, but train them to use power responsibly. managers should give workers a chance to grow capacity or power for themselves. Open systems models The open systems approach draws attention to the links between the internal parts of a system, and to the links...

Words: 287 - Pages: 2

The Model

...The Document Object Model (DOM) is an important part of creating animation and making web pages interactive. The Document Object Model is used with Dynamic HTML to help accomplish the interactive web pages that are used today. “Dynamic HTML(DHTML) refers to a combination of technologies that make Web pages dynamic…a combination of JavaScript, XHTML, CSS, and the Document Object Model” (Gosselin, 2008, pg. 485).     The Document object Model is all the HTML that is displayed on a web page from the web browser. Each of the many elements contained in the web page are considered objects and can be controlled and changed by using JavaScript. The Document Object Model gives you the ability to change these elements without the web page needed to be reloaded. The HTML DOM can be used to dynamically change the document object and to change and control elements like images, which can themselves be considered the image object. The Document object and the image object both contain methods and properties that can be used to dynamically change the web page.     The methods used with the document object are close, open, getElementById, getElementsByName, getElementsByTagName, write and writeIn. The open method creates a new window or a frame. The close method closes the document that was opened with the open method. The getElementById method retrieves an element by the specified ID. The getElementsByName method retrieves an array of elements that have a specific name. The......

Words: 286 - Pages: 2

Model

...Abiola Idowu Ashford University BUS640 Operations Management September 26, 2011 Introduction: Porter’s model is based on the insight that a corporate strategy should meet the opportunities and threats in the organizations external environment, especially competitive strategy should be based on the understanding of an industry’s structure and the way they change. Porter has identified five competitive forces that shape every industry and every market. These forces determine the intensity of competition and hence the profitability and attractiveness of an industry. The objective of corporate strategy should be to modify these competitive forces in a way that improves the position of the organization. Porter’s model supports the analysis of the driving forces in an industry. Based on the information derived from the five forces analysis, management can decide how to influence or to exploit particular characteristics of their industry. The five competitive forces are typically described as follows: bargaining power of suppliers, the term 'suppliers' comprises of all sources for inputs that are needed in order to provide goods or services, supplier bargaining power is likely to be high when the market is dominated by a few large suppliers rather than a fragmented source of supply, there are no substitutes for the particular input, the suppliers, customers are fragmented so their bargaining power is low, the switching costs from one supplier to another are high there is......

Words: 3691 - Pages: 15

Kohl's Corporation

...Kohl’s Department Store Analysis Ursula Landry & Angela Burton Cardinal Stritch University Managerial Finance ADM 406 January 27, 2016 Introduction The New York Times states, “Kohl’s Corporation is a specialty department store. As of January 31, 2015, the company operated 1,162 department stores in 49 states and e- commerce website (www. Kohl’s.com). The company sells private label, and national brand apparel, foot wear, accessories, and beauty and home products. Kohl’s Corporation is one of the largest discount department store chains in the United States. Targeting middle-income shoppers buying for their families and homes, the chain maintains low retail prices through a low cost structure, limited staffing, and progressive management information systems, as well as the economical application of centralized buying, distribution, and advertising. Kohl’s mission is to be the leading family-focused, valve-oriented, specialty department store offering quality exclusive and national brand merchandise to the customer in an environment that is convenient, friendly and exciting. This paper will attempt to illustrate a brief history of the Kohl’s Corporation, financial analysis of the company, three areas for improvement and recommendations that help the Kohl’s Corporation continue to be successful. History Maxwell Kohl opened his first Kohl’s Department Store in Brookfield, Wisconsin in 1962. Maxwell Kohl’s career started with a small grocery business that developed into...

Words: 1117 - Pages: 5

Higurashi no Naku Koro ni | Nude Photography - The Art and the Craft By Pascal Baetens | Van Halen - Jump (live).