Part of strategic management is the maintenance of a good stakeholders’ relationship as a stepping-stone to the eventual attainment of organizational goals. A rapport with stakeholders is essential, as they are part of the business environment. Organizational stakeholders to the firm include shareholders, employees, consumers, local communities, government, and other businesses. Shareholders and employees are given stakeholders.
Consumers are stakeholders because without them, Gap will be a lost cause, and the firm has taken the right direction when it decided to focus on satisfying their customers through excellent product quality.
The local communities, government, and other businesses has a stake in the consequences of what the firm does because all exists in the same plane and has to complement with each other in order to subsist harmoniously. CEO and Executive Team. Gap Inc. ‘s executive leadership team is headed by Chairman and Chief Executive Officer Glenn K. Murphy since he was appointed to the position last July 2007.
He is supported by a twelve-man team composed of Michelle Banks (SVP, General Counsel, and Corporate Secretary and Chief Compliance Officer), Jack Calhoun (President, Banana Republic), John Ermatinger (President, Japan), Marka Hansen (President, Gap), Toby Lenk (President, Gap Inc.
Direct), Art Peck (EVP, Strategy ; Operations; Acting President, Gap Inc. Outlet), Stan Raggio (SVP, Gap International Sourcing), Eva Sage-Gavin (EVP, Human Resources, Communications and Corporate Social Responsibility), Sabrina Simmons (EVP and Chief Financial Officer), Stephen Sunnucks (President, Europe), Michael B.
Tasooji (EVP and Chief Information Officer) and Tom Wyatt (President, Gap Inc. Outlet and Acting President, Old Navy mission statement).
In addition, Gap Inc. ‘s Board of Directors is responsible for overseeing the company’s business, determining its mission, developing long-term strategy and managing the company’s risks while evaluating and directing controls and procedures. Geographic Locations. The company has world headquarters in the San Francisco Bay Area, product development offices in New York City and distribution operations and offices coordinating sourcing activities around the globe.
Gap operates and owns more than 150 stores in the United Kingdom, Ireland and France, plus more than 100 Gap and Banana Republic stores throughout Japan. In addition, Gap Inc. ’s franchise business is growing rapidly, with dozens of Gap and Banana Republic stores either open or planned for southern countries: the Philippines, Bahrain, Indonesia, Kuwait, Korea, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, South Korea, Turkey and the United Arab Emirates.
Size and Revenues. Gap Inc. is one of the world’s largest specialty retailers, with more than 3,100 stores throughout the United States, as well as in Canada, the United Kingdom, France, Ireland and Japan and a portfolio of four of the most recognized apparel brands in the world (Plunkett, 2008). They employ more than 150,000 people around the world who support Gap Inc. and its brands and help bring the mission and vision of Gap to life for its broad span of stakeholders.
The company has fiscal 2007 revenues of $15. 8 billion, slightly lower than the 2006 net sales at $15.9 billion (Annual Report, 2008). Net earnings for 2007 amounted to $833 million$778 million. Dividend per share did not change value for 2006-2007 at . 32 dollars, while return on average stockholder’s equity is at 18% during 2007.
Annual Report. (2008). Gap Inc. Retrieved April 28, 2008 from http://www. gapinc. com/public/documents/GPS_AR_07. pdf. Internet. (2008). Gap Inc. Retrieved April 28, 2008 from www. gapinc. com. Plunkett, J. (2008). Plunkett’s Retail Industry Almanac 2008. Houston, Texas: Plunkett Research, Ltd.
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