Global Economic Justice (2)
22 February 2017
Rent The Runway
“At a certain point, you need to turn around and say to yourself, do I love how I spend my day every single day? Is this the most effective use of my heart and my mind?” (Hyman). Jennifer Hyman and Jennifer Fleiss are entrepreneurs that have changed the fashion industry by allowing every women to have the opportunity to access off the runway clothing for an affordable price. These two intelligent ladies started with a small idea that has blown up into multimillion dollar business and changed the way the economy is shared for the good of all women. Jennifer Hyman (CEO) and her co-founder, Jennifer Fleiss met while attending Harvard Business School. They woke up …show more content…
In 2009, Rent The Runway started out as a website that allowed women to rent designer dresses and return them for an affordable price. Little did the women know it would raise over 400 million dollars and expand to over 60 million customers. The whole idea around Rent The Runway is positive. Jennifer Hyman and Jennifer Fleiss took an idea during the time of the recession and turned it into a practical way for women who were struggling financially feel good about themselves. The company mainly focuses on allowing millions of women to go online and rent a designer outfit for a special occasion at an affordable price. Women are able to rent the outfits online for up to 8 days, paying between $40 and $350 (Bosker). It is accessible through mobile apps, online, and three retail locations making it convenient for millions of women. Furthermore, not only is the business benefiting the customer, it is benefiting the other designers. The company ensures that designers have exposure and another way to be able to sell their clothing. They are able to take data and receive feedback on their clothing to make it better for future clothing designs. Even unknown designers are able to exclusively have their clothing featured on Rent The Runway and have exposure (GalBraith). Additionally, Rent The Runway has partnered with UBS philanthropic initiative. It is a project that allows companies to have women entrepreneurs
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Heather H. Evans (H.E.) graduated from Harvard Business School in June, 1983. She showed considerable interest in the fashion industry, having some background in this area. She was a fashion model from 1975 through 1979 and, in the summer of 1982, she worked for Jackie Hayman, Inc., as an assistant to the President of this young firm that manufactured designer clothing. An additional valuable asset was that she worked as a financial analyst for Morgan Stanley & Co, Inc. from 1979 through 1981 dealing with mergers, acquisitions and corporate finance. Her father is an attorney with a Wall Street firm. H.E. graduated from Harvard College in 1979, earning her bachelor’s degree in Philosophy. Her previous career as a model gave her a taste of
When it comes to creating a global economic order the goal is for there to be an order in which there is no poverty. Without the presence of global poverty then this is a sign that the general framework may be working. In chapter nine of the Global Justice: A Cosmopolitan Account Brock addresses the Global Economic Order and Global Justice. Within the Global Economic Order she addresses multiple questions, but the main questions she seeks to answer is the current global economic order conducive to creating a global order that is viable and alleviates the poverty in the world? In todays’ society there is a belief that ‘free trade’ or removing barriers to trade such as subsidies to domestic and import tariff. In essence opening up the economy
We use strategy and tactics in many different ways every day for many different things. The Economic Justice League campaign’s goal is to increase the minimum wage from $11.40 to $15 per hour in Ontario. We have many strategies such as writing a constitution about our campaign, outreaches to the citizens and organizations who want to help and support our campaign, analyses the problems that we are facing, what changes would bring about the campaign and how to improve the situation, etc. Finding our targets’ sweet spots is the key factor for success. The first thing is mass communication such as using the media organizations such as radio and television stations, Internet, newspaper commercials, etc. It can be doing phone calls, give the campaign’s flyers out, asking people to sign the petition and
Throughout the course readings, a lot of information was provided on how people talk about and engage with the word ‘race’. It is eye opening how people in power use ‘race’ to gain benefits without taking into consideration how different ‘choices’ impact the lives of racialize bodies. Furthermore, the articles provided others’ perspectives that help to understand and clarify why racialized people have been subjected to oppression and ‘racism’ in history. “Rethinking Global Justice” by Julia Sudbury is not different than the other course readings. The article provided an interesting point of view in relation to Black women’s experiences in the prison system in US and Canada and how this system supports these same ideas – exploitation of racialized
A common theme that has been mentioned in the discussion is the idea of equality. After reading the required materials and watching the videos, I believe that Social Justice means just that. It is the idea that every individual within society will be treated fair. Social Justice is the understanding that no matter the color of skin, race, religion, gender, sexual orientation, a person needs to be treated no different. We live in a society where unfortunately, people who go against what is considered the “social norm,” must parade, fight, and protest in order to be identified as an equal. It is interesting, yet sad, to see how inconsistent social justice is when the idea of travel bans are being put in place so that certain minorities may not
Every morning, many women begin planning their outfits even before they stroll out of bed. . Will it be a red or pink top, casual or dressy, jeans or sweatpants? These are just few of the countless decisions to be made that morning. Do they ever stop for a second to reflect on how these clothes were even made? Throughout our recorded history, businesses in many production-based industries faced challenges to meet their supply and demand needs. In the book The Travels of a T-shirt in The Global Economy, the author Pietra Rivoli does a great job with bringing her readers along with her on her little journey that evolved after her single purchase of a T- shirt from a local Walgreens. Upon purchasing the T-shirt she wanted to dig deeper and see where did it all began. Due to her devoted soul she began traveling the world from West Texas to China and even all the way to Africa. This one product was the motive behind her understanding of the entire international trading system and globalization debate that now thousands of individuals are benefiting from. We have
Heather Evans is a smart, hard-working individual with a great business sense, and she has a keen understanding of the fashion industry from working as a model and as an assistant to the president of a woman’s clothing company. Combining these talents, Heather Evans was able to spot an underserved market estimated at $5 billion annually with significant growth prospects. Subsequently, Heather Evans is hoping to raise enough capital to launch a line of clothing to serve the 4.3 million women in a professional environments who would be primes candidates for a fashion label that is both functional and stylish.
What does Social Justice mean? Well in my opinion it is not as simple as I once thought it was. In today’s times it has gotten cloudy and disheartening for me to see the actions of others played out on our televisions or computers. So, I have asked myself: how do we, as Academic Advisors, treat others or how would we treat others? According to the Business Dictionary, social justice is, “the fair and proper administration of laws conforming to the natural law that all persons, irrespective of ethnic origin, gender, possessions, race, religion, etc., are to be treated equally and without prejudice” (BusinessDictionary.com). I have seen a fair share of justice
Injustice is harm paired with preventing any chance of healing. It is rooted in our society because of the centralized power that corrupts and creates the false understanding that inferiority, competition, and therefore oppression is “natural – effecting all social, political, and economic aspects of life. Klein and McFague emphasize capitalism’s influential role in maintaining oppression through its restrictive definition of progress. It only produces fast short term success, rather than long term stability. Capitalism is overall contradictive because it calls for endless progress, while simultaneously preventing the existence of any continual source of resources. Society is not being held back by injustice, it is being killed. Society’s dependent relationship on the earth will never cease and therefore humanity’s detachment is destroying itself along with the earth.
Vogue has not only contributed to the acceptance of trends in the fashion and beauty industry, but in addition has become a reward in the changed in cultural thinking, actions and dress of women. Vogue is the world’s most influential fashion magazine, first founded by Kelly Trepkowski, writing on art, culture and politics. Vogue is regularly criticized, along with the fashion industry it writes about, for valuing wealth, social connections, and low body weight over more noble achievements from its
A major concern for this company is the threat of substitute products or services. Rent-A-Center makes using their service customer oriented which helps entice customers to keep coming back. Letting the consumer re-rent the same product or comparable product at any time and pick up payments where they left off (Martin, 2015). This policy implores Rent-A-Center to charge a price for their product that is comparatively lower than their competitors while still offering a price that allows them to make a profit (Martin,
It’s obvious when she walks into a room that she knows what she’s doing when it comes to wardrobe. You will notice immediately how she gracefully walks, how people fall silent to watch her enter, but what they do not know is the path she has taken to reach for success. Her fashion journey started after she walked away from her career at the Federal Bureau of Investigations (yes I just said it, the FBI). It takes insurmountable courage to walk away from career that guarantees security and step out on faith and do what you have been called to do. But she did just that. Tiffeny holds 3 degrees, graduated with honors and a 4.0 GPA in Business & Marketing. She didn’t realize it as she studied to be the greatest in her class, that she would one day use those skills to create her empire. She pushes forward no matter the obstacle to keep persevering. Her brand is recognizable. Tiffeny has been nominated for the Glam Awards 40under40 list for her excellence in fashion. She has built a team of designers, stylist, makeup artist and hair stylist to provide the completely pampered experience to her clients, and she is active in various charities and committed to mentoring young teens. She is success, and Le Charme had a chance to pick the brain of this success driven woman to find out what pushed her to keep climbing the ladder of
Activists say that global clothing brands like Tommy Hilfiger and the Gap and those sold by Walmart need to take responsibility for the working conditions in Bangladeshi factories that produce their clothes."
She had only browsed the store for a couple of minutes when she came across the perfect skirt. It was a short, cherry red fringed skirt made of the finest Italian cotton. She disappeared in the fitting room for a couple of minutes to try it on. Camera flashes light up the hallway as she takes pictures of herself modeling the skirt from different angles. However, the more she fell in love with the skirt the more hesitant she became of the pricey $400 price tag. Unable to justify the price of the skirt, she walked away empty handed towards a different store. After scanning multiple isles at Zara, a skirt very similar to the one she tried on earlier appeared for a fraction of the price. Sure the skirt had some loose threads and the quality of the cotton was cheaper, but the look was spot on, and was a much better purchase. Now while most of us would agree that a price reduction on a pricey item this big might seem like a savvy and economical choice, but these low price tags come with a much larger expense to others that people are not aware of. These unaccounted expenses vary from the pollution of water and air, down to the soil where these factories are built and established. It doesn’t stop there either; the fashion industry is also responsible for the destruction of land and even the deaths of individuals who work in the production segments.
Another advantage is that it will be able to build its brand within the fashion industry like sponsoring or conducting fashion shows will attract people from all over the fashion industry thus, helping the Fashion Channel gain more