Toms Renae Malone Lindsey Carr Toms One for
- Slides: 14
Toms Renae Malone & Lindsey Carr
Toms • “One for One” • For every “one” sold, Toms will give “one” • In 2006, Toms was founded by a man who just wanted to do good and help people around the world • Eight years later, Toms is a successful multi billion dollar company “What began as a simple idea has evolved into a powerful business model helping address need, and also advance health, education, and economic opportunity for children and their communities around the world. ” -Blake Mycoskie
Toms Shoes • “One for One” • Each pair of shoes bought, will then be matched and given to a child in need • Many different styles of shoes being given depending on what country they're going to • Toms has given more than 35 million pairs of shoes
Toms Coffee • We get coffee, they get water • More than 780 million people don’t have access to clean water • Currently giving water in 5 countries (same ones that we get the coffee beans from) • Each bag of coffee gifts 140 liters to someone in need
Toms Glasses • Visual impairment effects 285 million people worldwide • Toms partners with the Seva Foundation • Every purchase of Toms eye ware helps restore sight to one individual through • Sight-saving surgery • Prescription glasses • Medical treatment
Blake Mycoskie • • Attended Southern Methodist University in 1995 Dual majored in philosophy and business Started the “EZ Laundry” company while in college Has also been a Co. Founder of nearly 5 other successful businesses After college, Mycoskie joined the Amazing Race with his sister Founded Toms in 2006 Blake’s net worth is $5 million in 2014
Criticism • Toms addresses a symptom, not the problem • Shoes only acknowledge one small element of the deeper poverty problem • Toms undercuts local markets • Local shoe makers have no chance when it comes to competing with Toms • Toms are way more costly than, easier and cheaper alternatives to problems in developing countries
Blake Mycoskie’s Response to Criticism • “Imagine the positive impact Toms could have if it were to use every decision in its supply chain to address the cause of poverty. ” –Mycoskie • In the new Toms Eye Ware line, they are investing in local clinics and supporting the community, by staying local to provide healthcare • Owning up to a flaw in the company, Mycoskie says, “Some of the criticism we’ve had is that we’re not using our company to create jobs… and I think that’s fair criticism. ”
Toms Ethics & Social Responsibilities • Whenever Toms gives a pair of shoes to a certain area or child, they return often and update the children's shoes as needed • Toms are sold for up to $140 but cost only $5 to make, so they volunteer and teach in developing countries
Types of Toms Shoes Given • One type of shoe doesn't necessarily fit the needs of all, so Toms has come up with multiple different shoe designs
Future of Toms • Toms is soon to be collaborating with Target to create their 50 under 50 line • Clothes • Cookware • Will still practice the “One for One” motto
Bibliography • “Toms Shoes Responds to Critics, but it May Not Be Enough. ” Global Envision Latest Stories. N. p. , n. d. Web. 09 Oct. 2014. • "TOMS : One for One. " TOMS : One for One. N. p. , n. d. Web. 12 Oct. 2014.
