c)
Cost containment
Process of maintaining organizational costs within a specified budget; restraining
expenditures to meet organizational or project financial targets. Gianni Versace group
found that the brand of goods has great power. Try to ensure its own brand, and try to
make a profit on brand. When they need to cost containment, they produce some
products with no so well quality and not cost too big, but with obviously brand and
able to turnover fast.
Customer service
Customer service correspondence may be in letterhead or postcard format.
Customer service is an important part of the Fulfillment function, ensuring that
customers will buy again and/or continue to be good customers. Gianni Versace
group has good customer service for every customer. When the customers come in
the shop they would not be treat different whether buy or not, and the seller would
show any impatience before and after the process of purchase.
Organizational effectiveness
Organizational effectiveness is the concept of how effective an organization is in
achieving the outcomes the organization intends to produce. Gianni Versace often
uses the blitz to adapt the change of market demand. For example, there was a jean
made by high technology which is made of PVC fabric. The group completed the
design, manufacturing and transport sets in five weeks under the urged by Gianni
Versace himself. It has made a new record in fashion industry.
Social effectiveness
The principle that companies should contribute to the welfare of society and not
be solely devoted to maximizing profits. The concept is also used by investors in
picking companies that are fair to their employees, do not pollute or build weapons,