ipl-logo

Political Factors Affecting Ulta Beauty

913 Words4 Pages

Political, Economic, Sociocultural, Technological, Ecological and Legal Analysis (PESTEL) ULTA Beauty faces various political, economic, sociocultural, technological, ecological, and legal factors in its external environment. These factors can affect corporate strategy and should be considered during strategy development as they provide threats and opportunities afforded to the company. Although the factors mentioned below create risk for the company, ULTA Beauty has turned the political, sociocultural, and ecological factors into an opportunity, while striving to plan for and minimize legal, economic, and technological risk. Political Political factors that have an impact on ULTA Beauty include political disputes between the United States …show more content…

Increasing minimum wage is a constant debate among today’s workforce. The company needs to plan and prepare for these instances before they occur. Increased wages throughout the organization, especially for entry-level associates who make up most of the employees, could have a negative effect on net sales and profits. At the same time, increased wages could have a positive effect on the purchases made by customers. Economic Economic factors that have an impact on ULTA Beauty include market, interest, and employment rates. Market volatility and recent economic crisis have resulted in stricter credit markets. With an increase in the cost of capital borrowing and interest rates, the company faces threats to their growth strategy and expansion of operations. Such market and credit conditions could make it difficult for new owners to obtain financing for new store buildings. Employment levels are another factor that impact ULTA Beauty. Decreases in employment rates could have a negative impact on consumer spending, specifically as it relates to purchases of discretionary items, prestige brands, and salon services. Decreased employment levels could affect consumer spending habits, leading to an overall decline in net …show more content…

For operational purposes, the company collects and stores confidential information about their customers, employees, suppliers, and vendors. For purposes of their rewards program, the company collects sensitive and confidential consumer information. Although security measures and information technology systems have been put in place to ensure secure transmission and storage of confidential information, security breaches, computer viruses, or even human error can occur. Any of these events could cause data to be lost or stolen, as well as disclosed and used with malicious intent. Such occurrence could lead to litigation, fines, increased security costs, and damage to

Show More
Related
688 Words | 3 Pages

Ulta Beauty, Incorporated was founded in 1990 as a beauty retailer by Richard George, a former Osco drug Inc. president. In 1990, it was difficult for a consumer to purchase beauty products without shopping at various retail locations. Comparatively, Ulta Beauty offered a concept of All Things Beauty, All in One Place™. It is currently the largest retailer in the United States offering 200,000 products from 500 beauty brands through brick and mortar stores and e-commerce. The company offers fragrances, hair care products, skin care products, full service salons, and cosmetics.

Read More
1522 Words | 7 Pages

In addition, the business data will be stored on these devices, being or not protected only by the individual security awareness of each employee. Therefore, it is likely that the confidentiality of corporate data will be compromised if an employee’s device is lost or stolen. Take Godiva, a chocolate manufacturer, as an example. On November 25, 2014, they notified employees of the company of a data breach when a Human Resources employee, who was traveling to retail sites, had a briefcase stolen from a car. The briefcase contained a laptop that had employee information on it.

Read More
223 Words | 1 Pages

The Information Security Manager reports in their capacity to the CEO. Company officers, executives, directors, employees, contractors and third party service providers cooperate and work with the Information Security Manager to ensure the protection of customer’s non-public information and Licensee’s Information Assets. Policies, such as Enterprise Antivirus Program, Network Access, Software Development Security Standards, Physical Security, Vendor Manangmenet Ativirus, Mobile Computing/Remote Access, Inromation Security Risk Assessment, Social Media, Data Loss Prevention, and Secuiryt Incident Response Policies have been implemented to protect customer’s non-public personal information and company Information

Read More
930 Words | 4 Pages

Have you ever wondered what the organizational culture was for Ulta Beauty? If their staff members are a priority to them? We see many different companies hold contrasting standards on how they treat their employees, but does anything make Ulta stand out? That is what I will be looking into today.

Read More
1320 Words | 6 Pages

External Analysis: There are several situations taking place externally that could affect Cintas’s uniform rental business. Some of these events will have a positive impact on Cintas while others will have a negative impact. Some positive events include the growth of the healthcare industry, which the company sees as an opportunity to grow its rental business. Some negative external factors that could affect Cintas, including legal troubles, foreign currency exchange fluctuations and increased competition.

Read More
177 Words | 1 Pages

One of the cons to increasing the minimum wage is that it helps larger corporations and hurts smaller businesses, therefore, competition is decreased. The bigger companies use raising wages acts as a barrier to entry to new business entering the market and create a monopoly for larger companies who have more profits to afford the increase. An example of this is Wal-Mart, who can afford to pay employees nine dollars and twenty cents an hour but a little store such as Meijer 's who does not make as much profit would limit their hiring of new employees and would cut hours to compensate. A family store might decide that the cost of entering the market is too high to endure as they build up their clientele and develop their business they decide not

Read More
1074 Words | 5 Pages

Sally Beauty Holdings, Inc. (SBH) is one of the largest international beauty supply retailer and distributors in the United States. Sally Beauty Holdings ranks as #643 on the list of Fortune 1000 Companies. According to Sally Beauty Holdings 2013 Annual Report, the company has $3.6 billion in revenue and $261 billion in net earnings. The company operates under two segments, Sally Beauty Supply and Beauty Systems Group.

Read More
739 Words | 3 Pages

Every organization is at risk for breach, but the difference between entities will be reflected in how they implement policies, procedures and corrective actions. For example, changes to the HIPAA rules regarding the accounting of health information disclosures expected this year have the potential to dramatically expand HIM and release of information (ROI) responsibilities and pose operational challenges. Every step within the release of information should be addressed through training, with these particular areas: front desk personnel, document identification and the pre-shipment validation. Finally, just prior to submission to the requester, release of information staff should always validate that only the uniquely authorized information has been included an that the information imported into the release of information process for disclosure belongs exclusively to that patient. If this is the case, the the release of information staff must implement and perform quality control measures to validate that another patient's information was not inadvertently imaged or indexed to the original patient's

Read More
1572 Words | 7 Pages

Introduction “VA’s mission is to promote the health, welfare, and dignity of all veterans in recognition of their service to the nation by ensuring that they receive medical care, benefits, social support, and memorials.” (Information Security: Veterans Affairs Needs to Resolve Long-Standing Weaknesses, 2010, p.1) The VA information system security program (ISSP) aims to protect the confidentiality, integrity and availability (CIA) of the VA’s information systems and business process. This program provides information of plans, policies and procedures to protect the VA’s system user’s privacy data. Also according to the Department of Veterans Affairs: Information Security Program (2007) this program provides a detailed list of the security

Read More
966 Words | 4 Pages

Economic Lululemon products prices are higher that their competition and their business model is supported on fitness enthusiasm. Like all businesses they are sensitive to economic situation on global and local markets. Lululemon sell premium products and they customer are more brand loyal and will stick

Read More
438 Words | 2 Pages

Workers across the United States wish to raise the minimum wage to ten dollars. Minimum wage should not be increased because people who work at fast food restaurants should not get paid as much as someone who workers harder than they do and it would not be a benefit to the people of the United States. Minimum wage means you get paid the minimum you can receive for working every hour, why wouldn’t an individual want to get paid at the maximum limit they could earn instead? Employees who would like to get a higher income need to get a more professional job. There are plenty of fast food restaurants in every state and they are always hiring full-time and part-time jobs, but shouldn’t adults work somewhere with more benefits, such as a hospital or a school?

Read More
805 Words | 4 Pages

An issue that is hotly debated is whether or not the current minimum wage, which is $7.25 an hour, should be raised or kept the same. President Obama thinks that raising the minimum wage to $10.10 an hour would be a good idea, but others oppose the idea. Raising the minimum wage would not be a good idea for several reasons. Some people believe that raising the minimum wage could possibly do harm to the economy that is already recovering from the Great Recession, however, others say raising the minimum wage would boost the economy. According to the article “Should the Minimum Wage Be Raised”, raising the minimum wage could cause businesses to have to cut the hours of workers, fire them, or higher fewer of them in the future (Smith).

Read More
819 Words | 4 Pages

Today about sixty million people are relying on minimum wage or low income jobs to support themselves and or their families. An increase in the minimum wage can help many people live a more efficient life. It is believed that in order to live in a one bedroom rental in New York State at minimum wage you would have to work about ninety eight hours a week. After factoring in sleeping, someone working a minimum wage job trying to support themselves could have only fourteen hours a week of free time. With that said why is not the minimum wage increase?

Read More
1961 Words | 8 Pages

Kylie Cosmetics provides what Kylie’s fans would want – the opportunity to be, and possibly look, just like her. Even so, every company has its highs and lows, depending on various factors that play a part in their successes. Therefore, this essay will evaluate the external environment of Kylie Cosmetics. It will focus on two forms of analysis – PESTEL as well as Porter’s Five Forces - in order to conclude the company’s current state. PESTEL - Political Political refers to how stable political issues are in a country and to what extent they affect the business industry.

Read More
715 Words | 3 Pages

Western ideas of feminized beauty have lasted for centuries and continues to plague women in society with its idealistic standards. In recent years, Asian American women have undergone surgeries in order to alter their eyelids, heighten their noses and alter the tips of their noses. In Eugenia Kaw’s essay Medicalization of Racial Features: Asian American Women and Cosmetic Surgery (1993), she takes a look at the cultural and institutionalized forces that drive Asian American women to alter their features through plastic surgery in order to escape gendered stereotypical norms and racial ideologies through an anthropological lens. Racial and gender stereotypes influenced many of the Asian American women in Kaw’s study to receive these cosmetic surgeries.

Read More

More about Political Factors Affecting Ulta Beauty

Related Topics

Open Document