Intro to Business Assignment Example | Topics and Well Written Essays - 500 words

Intro to Business - Assignment ExampleIn fact, since 2008 when there was economic recession, the corporation has doublight-emitting diode its revenue and tripled its profit. More so, the company has also recorded momentous growth in the period by opening new stores. The success of Patagonia mostly lies on its environmental focus. Indeed, the company has an effective environmental friendly philosophy which mostly contributed to its success during the latest recession.The companys environmental mission is found in the companys mission statement which advocates for the production of high-pitched quality products with no unnecessary harm to the environment (Martn 1). In fact, the companys activities pop the question at solving environmental crisis. The company encourages the repair, recycling, and resale of garments where it makes fleece jackets from recycled bottles (Carus 1). Moreover, it uses solar energy in its headquarters and motley stores. Subject to its longtime commitment t o environmental issues, Patagonias reputation attracted many customers during the recession. Actually, customers were willing to buy T-shirts, sheepskin socks, and light jackets from the company during the recession because they knew Patagonia derived less harm on the environment than other clothing manufacturers.In addition, the companys strategy to engage in the production of outdoor goods, led to its success during the tolerate recession. Indeed, during the recession, many Americans chose to participate in outdoor recreation instead of foreign travels. This favored Patagonia which was producing outdoor sports drape at the time. As such, the company recorded huge revenues from outdoor sports apparel (Carus 1). At the same time, the companys idea to introduce a new line of surf-inspired clothing and beach products also led to its success during the recession as these products became popular at the time. The company also consolidated some orbiculate factories and emphasized on o nline sales thus minimizing the production costs (Martn 1). As such