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bre st it Warby Parker: An Affordable World Vision Eyewear firm Worby Porker is known for more well to human security. If you can't see it's hard to be safe as than just its affordable glasses. It has adopted you move obout the world. Kassawlow says a business model that is advance entrepre- However, Worby Parker and Visionspring are corelul not neurship opportunities and economic develop to simply donate the glasses. While this might help indi ment across the world. In 2008, co-founders viduels with their sight it would miss out on the opportu Neil Blumenthal David Gilbo, and three chosmales embarked nity to encourage economic growth. Instead, Visionspring upon a plan to make glasses that would be affordable for the frons local women to be entrepreneurs and sell the glasses mosses. The idea was developed for Wharton's business plan to tradespeople for $4 each. This model provides jobs for competition. Not only did their ideo not win the competition women and enables them to earn wages that they con then it did not even make it to the final round Their plans for a spend improving their communities. As for the tradespeople company that sold glasses at a more affordable price seemed who purchase the glasses, it is estimated that their produce Ske a flop tivity increases by 35 percent and their earning power by Fast track nearly a decade later, and Worty Parker hos 20 percent sold well over million pairs of glosses. The premise behind the Warty Parker is living proof that a company can be startup was simple Blumenthal and Giboo reized that one socially responsible and profitable. Although it started out company hodo near-monopoly over the optical industry, gives an online only fim Warby Parker hos since opened 27 ing it the power to set steep prices, Blumenthal believed that retail locations and is valued at $12 billion. Throughout its by designing and manufacturing glasses in house and selling growth, Warby Parker has maintained a strong focus on the them on the Internet, the company would be able to sove on customer. For instance, it allows customers to try out five costs that it could then possono consumers. Worby Parker's pairs of glasses for five days of no cost. Kosselow comments unique business model enables the firm to sell designer-style on how Worby Porker has been able to develop a Nighly eyeglasses for as ittle as 595 each efficient business model that is fair to both customers and From the get-ga, the founders wanted to create a differ these in developing nations. The price is incredibly fair BA ent kind of company centered on integrity Blumenthol hod because they are able to be as efficient as they are in their previously worked with the nonprofit Visionspring o chority supply chain, they're also able to bring it to market in a way that provides quality eyeglasses to those in need in developing that they can become a profitable company and scale their countries. They decided to adopt a unique business model in idea to provide affordable glasses to hopefully hundreds of which the organization would partner with Visionspring to pro millions of people, not only in the US but all around the vide one pols of eyeglasses to someone in need for every pair world." he says. of eyeglasses sold. Every month, Warty Parker follies the num ber of eyeglasses sold and makes a donation to Visionspring The donation covers the costs of sourcing glasses. Al Worby Parker, this initiative is not simply philanthropyrother, it has been incorporated into the firm's business modelos a critical component of its operations On the surface, donating eyewe might not seem like it directly affects economic development. However, the founder of Visiomring Jack Konsolow, describes just how important yewer is for people who have vision impairment problems that could be solved with a pair of eyeglasses "Vision is criti col for work. If you can't you can't work Vision is critical to learn. If you can't see you can't learn And it's critical ing VE Toll 0? Case Study Outline Fall 2028 Summary or Key Facts (overview of company and industry) S.W.O.T (This will involve a little research.) A. Internal strengths and weaknesses (Are these all controllables? Did we list all/most of relevant info7) B. External opportunities and threats (What's happening in the external environment? What might impact the company? What specifically is happening in this industry It Manager's Problem(s) A. Identify one or two key challenges managers are currently facing in this company. (Not the same as co. weaknesses.) IV. Solutions to Manager's Problem(s) A. Explain your recommendation to assist the manager? What consequences might your suggestions have? B. Be sure your suggestions relate directly to your identified problem(s). V. Case Questions A. Describe Warby Parker's ethical vision in selling eyeglasses. B. How does Warby Parker integrate social responsibility into its business? Why does Warby Parker charge $4 to those in need of eyeglasses in developing countries