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Tiffany & Co. : Internal Analysis Of Tiffany & Co.

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Internal Analysis of Tiffany & Co
Being a luxury jewelry company, Tiffany & Company, also known as Tiffany or Tiffany’s has various functional areas. The company is involved in manufacturing, producing, distributing, and selling its products. For this reason, the company has functional areas such as the Raw Materials Department, Research and Development Department, Production/Manufacturing Department, Distribution Department, Sales Department, among others.
Raw Materials Department
As a dealer in jewelry products, Tiffany & Co. gets its raw materials from mines and various suppliers of the minerals the company needs. It is reported that, owing to its concern for the environment and welfare of miners, Tiffany & Co. gets all its diamonds from mines that are and from credible suppliers (Hower, n.p). This is in line with the company’s corporate social responsibility. Tiffany & Co. gets much of its raw materials directly from the countries where the mines are produced. For instance, the company gets its diamond from diamond-producing countries such as South Africa, Botswana, Australia, Canada, Russia, Namibia, Russia, and Sierra Leone (Annual Report, n.p).
Research and Development Department
Research and Development Department is at the core of a jewelry company such as Tiffany & Co. at Tiffany & Co., this department is constantly working to make the company an international trend-setter. Thus, the team constantly develops new collections for

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