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Warby Parker : The Venture Initiation Program Of The University Of Pennsylvania

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Warby Parker was founded in 2010 by Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider - in the Venture Initiation Program of the Wharton School of the University of Pennsylvania. Warby Parker designs glasses in-house and sells directly to customers to avoid retail markups. The company primarily sells eyewear online and through its New York City headquarters extension into retail stores. Warby Parker’s Home-Try-On program allows customers to select five frames from online to try on at home for five days, without charge. The company also allows its customers to upload a photo and try on frames virtually. Warby Parker is a mission centered company that has done a great job displaying its organizational culture, engaged its team …show more content…

Warby’s glasses are made from cellulose acetate, sourced from an Italian company and frames are assembled in China. According to the Golbal Supply Chains (2014) report all the three countries (United States, Italy and China) hold very competitive Economy, Politics, Infrastructure and Competence (EPIC) framework assessment. America displayed the strongest political and competence stability with the overall grade of A- and China earned the highest for the strongest economy rank with overall grade of B, while Italy scored average for all measurement, resulting an overall grade of B. Although, one country may display more strength or weakness than the other country, the overall grade for each country indicates that Warby’s capability to operate efficient and effective supply chains system. However, Hofstede Center’s (2014) cultural assessment comparison of these three countries displayed higher difference mainly America scoring Individualism and Power Distance, while it scoring very low for Long-Term Orientation. It appears that American people promote a high degree of interdependence. People are mainly look after themselves and their direct family. Has less commitments for extended or elderly families. Emphasis on equal rights in all aspects of the society and government as individual not as collectivist societies. Organizations are

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