Business Strategy Group Case Study PRADA Group members Yufan Liu Ying Wang Dingyu Wang Executive Summary 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 …show more content…
Strategic evaluation 28 7.1 Triple bottom reporting 28 7.1.1 Economic bottom line 28 7.1.2 Social justice bottom line 28 7.1.3 Environmental bottom line 29 8. Conclusion: The organization’s current and future prospects and recommendations 30 9. References 32 10. Appendices 37 10.1 PESTEL Model 37 10.2 Turbulence Model 39 10.3 Porter’s Five Forces Model 41 10.4 SWOT Analysis 42 10.5 Urbanization of China population 43 10.6 Followers on Social Medias /43 10.7 McKinsey 7-S Model Adjusted 44 10.8 The
This analysis examines the economic strategy of Vera Bradley. I took a closer look at the strategic moves of this Luxury goods manufacture. The owners going from making colorful patterned duffel bags and suitcases, has now become a household brand. Their decisions to differentiate ultimately shaped the growth of their business. With a declining fiscal year, Vera Bradley decided to implement a new strategy that will be sure to revamp growth. To further explore the challenges that continue to occur throughout this case, I analyze those challenges and suggest tools and techniques that would help improve the economic strategy of Vera Bradley.
In such context, the present research report is presented to analyse “How will Coach benefit from the acquisition Kate Spade”, after Coach,
This marketing plan examines the case of TOPSHOP as a UK’s fast-fashion retailer. The following marketing plan is structured according the SOSTAC framework. Topshop is operating under the parental Arcadia Group. Over the latest years, Topshop has been one of the most popular UK’s fast-fashion retailers. The company is a multinational Omni-channel fashion retailer. Topshop is well-known for its high-quality products in medium low prices. The company’s portfolio owns a wide range of products and services. According to the Situational Analysis, the UK’s macro environment has changed over the latest years. The UK’s fast-fashion industry is becoming more and more cluttered with competitors from both UK
The internationalisation of retailing is defined by Treadgold (Wigley et al, 2005) as having “visible” and “invisible” dimensions. The Invisible dimension has been defined as the international sourcing of products and services and the cross-border transfer of management expertise in the form of managerial policies or technical skills (Kacker, cited Wigley et al 2005). This refers to the aspects of the business which are intangible, such as marketing knowledge. On the other hand, for the visible dimension, the fashion retailer’s internationalisation is the operation of retail shops within foreign markets (Hines & Bruce, 2001). In this essay I will outline why I believe Urban Outfitters, a high street fashion brand, should expand its international presence by suggesting possible areas for internationalisation. Urban Outfitters (UO) operate 130 stores in USA, Canada and Europe and have made early steps to move into Asia. I also aim to discuss which brand strategy should be developed and whether alternative retail channels should be used to facilitate this expansion, focusing on the customer as a key ingredient for organisational success. I will be looking at UO’s existing international presence as well as considering further growth. I will be looking at a number of issues and complexities which impact on the internationalisation of retail brands, particularly the impact these factors have on the fashion industry and how the brand can alleviate ethical concerns. For this I will
Prada has moved speedily away from a wholesale model, which was shown to have fundamental weaknesses in the aftermath of the 2008 financial crisis –
UNIQLO is the abbreviation of “Unique Clothing Warehouse”, a Japanese casual wear designer, manufacturer and retailer which provides consumers with the business philosophy of " low price, quality assurance ", and achieved remarkable results as world's top apparel retailer. UNIQLO plans to have 100 fresh stores annually in China while many other retailers have retarded store openings on account of China's slowing economic growth (Doland, 2015). This report, therefore, will set out to evaluate UNIQLO's marketing strategies in China, with a particular focus on the importance of pricing, development of product and the need for precise positioning.
The company competes in several industries, including wireless devices, software and service. In terms of revenue distribution, as mentioned above, handheld sales is in the first rank 73%, followed by service 18%, software 6% and other revenues 3%.
Healthy Place is a therapy store focused upon relaxation as an aid in healthy living. Healthy Place provides a variety of products, tools, and techniques for customers to practice at home relaxation therapy. These products include body and cosmetic services, aroma therapy products, reflexology, perfumes, and candles. The achievement of a healthy balance of mind, spirit, and body is Healthy Place’s focus. Herein, an SWOTT analysis will be conducted and explained, internal/external analysis of Healthy Place in relation to forces and trends which are; Economic, Legal/Regulatory, Technological, Innovation, Strategy, Structure, Resources, and
This report is about Uniqlo’s competitive environment using Michael Porter’s Five Force Model. Uniqlo is a Japanese company which engages in designing casual wear clothes, manufacturing clothes and retailing clothes. Uniqlo in Hong Kong has established a profitable business constantly recording extremely high sales on a per store basis. Uniqlo offers fashionable and high quality clothing at reasonable prices, and was seized as an opportunity to establish a brand position domestically and internationally.
Strategic management is activities of planning, monitoring and analysis of organisation in order to archive its goals and objectives. In 21th century, each company has their own strategies to gain competitive advantage over its rivals; there is no doubt that strategic management has import role in each business. In order to fully understanding in strategic management course, our group has decided to examine and analyse the current internal and external strategy of New Look Retailer Limited, issues that they are facing and, finally conclude with recommendation and the solutions to duel with current problems of New Look fashion retailer.
Globalization changes have impacted Burger King in the following ways; since the company began in 1953 with its first restaurant in Jacksonville, Florida and opened several locations across the United States, the company began its international expansion in 1969 with its first international franchise location in Canada, followed by Australia in 1971, and Europe in 1975. The setting up of franchises outside the United States was as a result of fast food opportunities arising outside the United States. So as to fully integrate in the international market, Burger King had to adopt and embrace
Strategic retail management plays a vital role in developing the success of a company’s brand on the market. It supports the company in its bid to enter into different markets and successfully meet the market demand creating an opportunity for the company to boost its performance and increase its sales position. It also supports the company in creating a competitive edge developing it above the ranks in the competition. Lenovo for the past years since its coming into the market has grown to become China’s biggest PC maker. It has also gained recognition in the international market to become the third largest PC maker worldwide coming third to Dell and Hewett Parkard standing at a $12 billion in annual revenues (Quelch & Knoop, 2006, p.1). The company focused on its local China market for a long time developing strength for its brand locally before embarking on a bid to have it gain global recognition. The desire to go global was backed by many needs including the need to have brand development strategies that would have the brand succeed on the international market. The entry of Dell into China and Asia created pressure on the company on its local market leading to an effect on the sales the company registered. It is
Blue Nile, Inc. is considered the world’s largest online retailer of diamonds. Founded in Nineteen-ninety nine, the Blue Nile offers gold, platinum, pearl and silver
Hence, through this report we are going to analyses the strategic capabilities as well the new strategic plans of MAS Holdings, which is one of the leading apparel manufacturers in Sri Lanka as well as in South Asia region. However, MAS Holdings is a quite a big organization in Sri Lanka, therefore the biggest cluster of this group MAS Intimates has been chosen to do the analysis.
I have done research on Mr Price clothing stores as a division and I will use the Blue Ocean strategy namely, a swot analysis, porter five force model, integration of sales and other costs, the attached newspaper article as well as a quantitative risk assessment. It is through these factors in which I will assess their already existing strategic plan and to think creatively to draft a viable strategic plan for the company’s future and to also give recommendations on how to improve.