Managing Creativity
At
Shanghai Tang
Tyler Simpson
April 6th, 2013
EMBA 210
Shanghai Tang has been in the business of selling high quality retail items for men and women, clothing and accessories, since 1994. Their designs have been based upon Chinese cultural influence while also being modern and wearable in markets around the world. Although business has gone well under the leadership of Rafael Le Manse, the company is experiencing some new internal and external issues. Shanghai Tang’s competition is about to establish a market presence in China and in order to stay ahead in the game; Le Manse needs to figure out how to expand the existing customer base. Also, Le Manse’s long time creative partner, Joanne Ooi, is leaving
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However, there are some disadvantages to this strategy. It may be hard to regain the appeal in a market that has not been so successful in the past. Shanghai Tang is going to have to totally restructure how they penetrate their target markets, in Asia. They will need to present the Asian market with exactly what they are looking for, which could translate into longer design lead times, and also the changing of certain manufacturers. Prototypes are going to be expensive and the cost of diverse material, with Chinese factories being labeled as “semi-couture”, could be another expensive hurdle. Lastly, an appeal in the Chinese market is going to take a lot of research for their seasonal clothing. Without a design director, someone is going to have to step up and motivate the design staff to think outside the box.
Another alternative is to focus all of the attention on the expansion of the existing cliental in the global markets. Shanghai Tang’s major consumer base is made up of loyal American and European customers. The market is already well established, they know what the consumers will and will not buy and the demographic of people are already in every major market. 30% of the Mainland China market is made up of American/European consumers. While, not surprisingly, 77% of the US market is made up of the same client profile. What is interesting is that only 12% of the US customer profile is comprised of Asian
The domination of Portugal over Ming China during the late post-classical through the early modern era in expeditions to the Indian Ocean is a result of both countries motivations and perceptions. Ming China was motivated to seize all expeditions in order to maintain order and control of Chinese citizens before external influences created chances for chaos, while Portugal was able to win the upper hand on expeditions to the Indian Ocean as a result of the motivation for glory and economic gain. Ming China’s royal members spread negative perceptions of expeditions into the country that prompted civilians to fear leaving the country.
The Han China and Classical Athens’ culture also had a huge different to how the arts were created. The arts of the Athenians were more focus on themselves, the human body. For example, on the front cover page, there is a drawing or statue of a Greek man, the Greek man is standing in a weird position with his arms pointing down, there are a few lines emphasizing his muscles, torso, biceps, etc. (Front Cover). While the art of the Han China were more focus on the landscapes and scenes surround them, along with the serenity and balance of the world drawn on to canvases in great details (document L). In most paintings, the five Chinese elements called Wu Xing will most likely be included in the paintings; the five elements are wood, fire, earth, metal, and water. Looking at Ch’iu Ying’s painting, you can clearly see the how Wu Xing is being presented in the painting, how the trees and mountains were presented in the background (document L). However, as you can see in the painting, there are only two men in the painting, this could mean that humans were inconsiderable in their arts (document L). As a conclusion, the two artistic styles were complete different from each other, the Han’s arts were more focus on nature in great details, while the Athenians’ art were more focus on the human body.
Modern China and Japan share many similarities, such as geographical location, and the way the population has grown through the years. Although modern China and Japan bear similarities, the differences between the two nations are plentiful as well. China and Japan have two different forms of government, and separate economies as well. Despite these differences, the rich culture that both these countries boast, connect one nation to the other.
3. Sustain the foundation of the existing Australian success story and the luxury brand. 4. Enter the Chinese market using a mixture of International Joint Venture (IJV) and Wholly
Systems of government have a major influence on the development and success of a civilization and culture. This can be said about Athens during its Golden Age and about China during the Han dynasty. Han China was ruled by an imperial bureaucracy based upon the teachings of Confucius which allowed only a tiny part of its population to participate in government. In contrast, 5th Century Athens was a direct democracy which allowed a greater number of its inhabitants to take part in governing. These civilizations differed greatly in geography, population and size which influenced their development. They also held contrasting beliefs regarding the source of political authority and how it was maintained. However, these civilizations also shared
First of all, every little detail is necessary for a job applicant. The interviewer has to select specific questions in order to find the best applicant for the job.
A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. Free cash flow is important because it allows a company to pursue opportunities that enhance shareholder value. Without cash, it's tough to develop new products, make acquisitions, pay dividends and reduce debt.
Mckissick, Floyd. “CORE Endorses Black Power.” In Let Nobody Turn Us Around: Voices of Resistance, Reform and Renewal: An African American Anthology, edited by Marable, Manning, and Leith Mullings. Rowman & Littlefield, 2003.
China is becoming more westernised, particularly the ‘cosmopolitan’ city of Shanghai, where demand for Western products is increasing rapidly as disposable income rises in line with China’s strong economic growth. Michel’s wanted to establish a foothold in the market at an early stage to demonstrate a long-term commitment, which has been identified as essential to compete successfully in the Shanghai market (per Tim Harcourt, Austrade Chief Economist).
Louis Vuitton Moet Hennessy, a luxury goods provider is looking to expand their brand dominance in Asia. In order to expand successfully LVMH must evaluate challenges that may arise and get in the way of their successful expansion. In the Asian market, LVMH must deal with political and cultural uncertainties, the threat of counterfeit products, and the increased cost of products in Asia compared to France.
This expansion demonstrates how the luxury industry is now run by massive corporations whose focus is only on growth, visibility, brand awareness, advertising, and most importantly, PROFITS! With growth and expansion, has come a decrease in quality and rarity. The luxury garments produced are mostly not handmade but are even outsourced to large factories in places such as China and Turkey. Also, to meet quarterly turnover projections, “designers churn(ed) out increasingly trendy collections of clothes, handbags, and shoes.” (Thomas, Pg. 246) With hundreds of new stores around the globe the surplus of designer labeled merchandise is immense hence, the proliferation of outlet malls.
So, keeping those in mind the company can adopt a localization strategy in international markets; in every market that they have entered they may produce products just like they did to Asian people. Furthermore, lower prices can show products less qualified in international markets, especially in Europe and America, for those markets the company can came up with an alternative product line that is more niche.
The last problem we highlighted concerns how to increase the number of customers in the mainland China market . First, we believe that the most relevant issue is a survey amongst customers on the Shanghai Tang brand perception and the 5 luxury brands in their top-of-mind, in order to analyze the competitors that the company has to face in the future.
Owing to the successfully accomplishment of " low price, quality assurance" and excellent online sales channels, UNIQLO sees itself as nicely positioned to weather the China's slowing economic growth (Roxburgh, 2016). Meanwhile, serious competition with other apparel retailers is the primary obstacle to the development of UNIQLO. In the view of Zhu (2013), the Chinese market is massive, diverse, and has enormous potential. For the sake of truly thrive in this market, there is a need for foreign brands authentically understand the changing characteristics of Chinese customers, and establish quality products and services to satisfy their requirements. One recommendation is because this report use the SWOT analysis and Marketing Mix to assess UNIQLO's marketing strategies in China, it is worthwhile for further researchers to utilize other marketing tools to evaluate UNIQLO such as Porter's Five Competitive
LVMH’s brand portfolio is a catalogue of the finest things money can buy. Arnault said, “A Star brand is timeless, modern, fast growing and highly profitable.”[iii] LVMH has positioned its brands strongly in the luxury segment offering more than 50 different brands under their five core competencies. LVMH has been successful through all of their various brands in their portfolio giving them each their independence and creativity. “LVMH is well known for leaving much operational and marketing freedom to the various brands it owns.”[iv] “LVMH has done an excellent job of brand positioning, says Ben Cavender, senior analyst at China Market Research Group. It has succeeded in securing the particularly enviable position of gaining a following among the top percentage of China’s wealthy. As the financial crisis stretches on, LVMH customers in China still have money to spend.[v] “LVMH’s brand imaging, which relies heavily on pushing its European heritage, is so successful that it has benefited other brands by proxy, says Paul French, one of the founders of Access Asia, a group dedicated to tracking regional consumer and marketing trends. “Everyone hangs on the coattails of Louis Vuitton’s brand imaging in China.”[vi]