Research on the Radical Innovation of C2M Business
Model—A Case Study on Redcollar MTM Men's Suits in China
Abstract
For as of late years, with the profound coordination of informatization and industrialization, conventional assembling commercial ventures in China have been researching for the street of change and overhauling. A Chinese article of clothing venture, named Redcollar Group of China, has effectively changed and moved up to cutting edge industry with high esteem included from work concentrated industry. It is vital to investigate the reason, technique and plan of action it has made in order to give some valuable exhortation to China's conventional makes. In this contextual analysis, aberrant examination, field research, correlation exploration and clients'
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It is worth to think about. Redcollar was set up in 1995. It has more than 3000 representatives with an enlisted capital of US$16 million. It has been recompensed China's Famous Brand, the Most Competitive Brand in China, and so on. It had been a helpful accomplice of China's panel in the 28th Athens Olympic Games and a helpful accomplice of China's assignment in the Asian Games from 2005 to 2008. It is the dressing development that one ought to interest quality, taste, identity in shading, size, style and coordinating with the goal that one's garments coordinate his own particular character. As a pioneer of China's garments brands, Redcollar has set up a business system of growing top of the line men's customized Made-to-Measure (MTM) suit following 2003. It took 10 years to acknowledge customized men's suit customization by method for huge creation for which Redcollar had put US$41.27 million in its 3000 specialists' processing plant research center. "Making Customization No Longer Luxury" as its main goal, class and quality as its standards (Yu, 2014), Redcollar has turned into the main processing plant on the planet in which all men's suits are modified
For the past hundred years the need for clothing increased since the number of people of keeps growing. As the years go on, producers must find new ways to produce more clothing to make more profit and keep up with demand. Before people would either have to ride all the way into town to have tailors make their clothes, or have someone at home make the clothing for them. But as the years progressed, methods have changed dramatically.
The mind-set of the company is to put sales and profit second to creating a special style that can change the world through fashion.
Gucci, a brand known for its quality, luxurious and royal association was confronted with strategic issues which made the company take notice of its strategy of expansion and brand personality. The company was not only having concerns with their product line but they were lacking unified corporate vision and strategy after its acquisition of some major names like YSL. Due to which they started having loophole in their luxurious goods market discipline. Strategic concern for the company was how does the brand image cascade down in the target market and how does it rejuvenate itself is a management lesson.
The fitness clothing market is growing rapidly. Customers’ new found inclination towards living healthier lifestyles has produced an increase in participation of people into various physical activities. Hence, the high levels of competition in the fitness and
Mr. Weil figured all these customizations would help an ordinary cowboy out with his daily routines. Weil started off designing western-wear in 1935 For Phil Miller’s company, Miller Stockman Western-wear. Due to his frustration with big name stores such as “Penney’s, Wards, and Sears” which didn’t let you make good quality products and wanted something cheaper every year in order to make a bigger profit, Mr. Weil opened up his own company 11 years later which became Known as “ Rockmount Ranch Wear Manufacturing Company. When Mr. Weil Opened up his company he based it off 3 Principles,” Never let any customer account for more than 3 percent of the business”, “Never dictate to a customer how many of an item to buy, if they needed all big sizes, they could have them: if they wanted all red, that’s what they got”, and “No matter how big the customer, no discounting—one price to everybody”. Till this day these 3 principles are what make Rockmount Ranch Wear Manufacturing Co. one of the best for
The Civil War inadvertently brought ready-made clothing to us, and it is here to stay. The era of ready-to-wear clothing, though a revolution in itself, should also be viewed as a positive trend that continues to provide consumers with time-efficient and abundant choices through advancements in machinery and new distribution models. Though arguably the unforeseen outcome of a coincidence, the impacts of ready-made clothing have had huge implications on our everyday lives. Thank you for your
Although the market for separates is certainly viable given promising growth in test markets, it is not a market that makes sense for Hart, Schaffner & Marx (HSM) to compete in. The trend certainly shows a divergence in how some customers view their needs with regards to semi-formal clothing, but the firm runs the risk of diluting not only the perceived quality of its clothing, but also alienating its current client base that is partial to the experience HSM offers in its stores. This experience includes personalized expertise on new fashions, custom tailoring, and the status associated with purchasing and wearing the company’s clothes.
One the main features of H&M is the rapidity of shifts in demand and respond to customers’ needs. In fact when necessities of customers change, in only three weeks H&M can create new items. A normal clothes company needs six months to create new collections or articles. That’s why H&M does many researches all the time to find out new tendencies or variations of styles, giving shoppers last tendencies clothes.
2. Richard M. Johns (2006). The Apparel Industry. 2nd ed. UK, London: Blackwell Publishing Ltd.. 1-124.
The company motto is “Live the Dream” and they aim to fulfil their customers need and desire for comfortable clothes and equipment for travel and adventure sport. Kathmandu has described quality and performance as the key to their new design initiatives and they invest substantial resources that focuses on design, quality, technical development, merchandising and supplier management functions. They develop products that are
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This report examines the strategic management of the international iconic fashion company- Prada. In this report we conduct an analysis of the external and internal environments and identify strengths, weaknesses, opportunities and threats of the Prada. The key issues identified in the environment analysis is the Prada’s future market especially China. The report reviews the financial and non-financial objectives of the company’s strategies and their affects for the stakeholders. Prada is engaging in their attempts to achieve their objectives. The strategic
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The case explains that for 10 years, Shanghai Fabric Ltd., a Chinese fabrics company, and Rocky River Industries, a United States textile manufacturer, have been part of a 50-50 joint venture to produce dye and fabric. This venture, called Shui Fabrics, produced dye and coat fabric for domestic and international sportswear markets. Ray Betzell, general manager for five of