Hien Quang Introduction ECCO is a shoe company founded by Karl Toosbuy in Bredebro, Denmark in 1963. ECCO aims to produce the world’s most comfortable and modern footwear for work and leisure. The ECCO group produces many types of shoes including casual and outdoors for men, ladies, and children, as well as semi-sport shoes, for two different seasons – spring/summer and autumn/winter. ECCO has a production facilities in Portugal, Indonesia, Thailand and Slovakia. Mikael Thinghuus, the chief operations officer (COO) of the company, is planning on expanding its international profile by establishing another production facility in Xiamen, Southeast China. Problem statement Ecco aspires to be the “most wanted brand within innovation and comfort footwear - a position that only can be attained by constantly and courageously researching new paths, investing in employees, in [...] core competencies of product development and production technology” With that vision and the recent market expansion in China, can ECCO needs a strategic fit between their core values in their global value chain and the changing market? Can ECCO optimize global value chain to exploit efficiencies and relate to their customer to increase brand visibility at the same time? Analysis 1. ECCO’s upstream value chain a. Market research activities: ECCO is not identified as a fashion brand and seeks recognition in usability and quality. Rankmark, an American company conducted objective tests and
An athletic shoe company can also diversify its company through concentric diversification. This type of diversification can help companies conquer instance two of leverage existing competencies and capabilities by expanding into businesses where these same resource strengths are key success factors and valuable competitive assets. The company can increase its production portfolio by adding new products, which will allow them to fully utilize the potential of the existing technologies and marketing system. This method will allow them to also become more financially efficient because they are using the resources that are already available to them.
In this competitive business arena it is crucial to strategize and come up sound managementsolutions in order to stay afloat in the market. This is an individual report of ImperialCompany which showcases all the key management decisions that were taken to maintain acompetitive edge in the global market operations of its products. It will be sequenced in thefollowing format:1.Introduction to the Athletic Footwear Industry2.Thorough Business Environment Scanning3.Evaluation of Competition Forces
Similarities: As ECCO had been very successful in the footwear industry by focusing on production technology and assuring quality by maintaining full control of the entire value chain, ECCO grew and faced increased international competition, various value chain activities. The global factory conceptualization need a fully integrated value chain to tied up significant capital and management attention in tanneries
origination of a potential shoe line targeted to diffrent market portion to maintain leadership by
There is a lot of opportunity to emerge into e-commerce retail within the footwear industry. In 2015, global footwear e-commerce sales accounted for 12% of total global footwear sales and is expected to increase exponentially by the year 2020.8 Although Europe currently holds the largest market need for footwear, the Asian-Pacific Market is expected to surpass the European market and become the largest footwear consumption base. The Asian-Pacific market for footwear has a projected compound annual growth rate of 8.1%, making it an ideal market to tackle for
Our company in terms of market share, is dominating every other company in the Private Label segment with the exception of Latin America. Our competencies or advantages in the internet segment are as follows: maintaining strong S/Q ratings, offering free shipping, and targeting our customers with advertising. In the wholesale segment, advertising and our S/Q ratings continue to be our competencies, moreover, we also utilize more retailer outlets. Our advertising strategy is to improve our visibility for our shoes, and it is our distinctive competence. In our wholesale segment, by maintaining strong advertising, we are supporting the retailer’s efforts to create brand awareness for our shoes. We use more retailer outlets which aid the advertising, as there is more exposure for our shoes. Our advertising expenditures across the board are higher than that of our competitors in both the internet and wholesale segments. Dream Athletic takes a cost leadership approach as its business strategy, which allows us to drive our costs down while maintaining our production of stylish and quality footwear. The S/Q rating is currently a core competence as our managers seek to increase the S/Q rating in years to come. The lowest S/Q rating in each region and segment is 4, and our highest S/Q rating across our segments and regions is 5. In the last year, we have increased our spending on TQM/sigma six programs to increase our plants efficiency. Our customers per our success in the industry, demand a stylish and quality shoe; therefore, we will continue to improve this core competence and turn it into a distinctive
All products possess ‘life cycles.’ A product 's life cycle, abbreviated PLC, consists of a series of stages, beginning with its introduction to the market and ending with its decline and eventual withdrawal from the market. As a product progresses through its life cycle, its sales and profitability change as it faces changing environmental pressures. Knowledge of the product’s life cycle can provide valuable insights into ways the product can be managed to enhance sales and profitability.
For most fashion retailers, what is the best corporate strategy to follow based on the content of this report? Why?
Initially, I did not think Eileen Fisher Inc.'s (EFI) CSR work was being efficaciously translated into brand equity. While I still believe more can be done, I realize Ms. Hall and her cohorts are effectively engaging in a plethora of activities that bolster the value of the EFI brand, a feat they manage to accomplish in a fashion true to the structural design that has been imperative to the brand’s success to date. EF's architectural blueprint has been rendered in a manner consistent with the elegant and subtle execution associated with Eileen Fisher's designs, skillfully extending these sensibilities to include the process by which they leverage their efforts into brand equity.
The forces of Nike’s customer-supplier relationship is based on joint efforts of improved quality, mutually beneficial partnerships, reduced costs, and increased market share for both parties. According to Nike building customer-supplier relationship is one of the most important goals because it is the analysis of the value chain which is defined as the collection of all activities involved in designing, marketing, manufacturing, delivering and supporting Nike’s products. Having strong relationship with both parties helps Nike to predict and notice any problem at might rise in the supply chain; as a result Nike will be able to develop better solutions to avoid it (Wankel, 2009). The first tier supplier of Nike is located mainly in Taiwan and South Korea, which work closely with R&D personnel in Oreon making the most expensive footwear. Strategies have shown that Nike implements include the vertical integration strategy. In general, the vertical integration strategy allows a firm to gain control over distributors, suppliers and competitors (Nike report, 2015). Nike has implemented forward integration by having its own retail locations throughout the United States, foreign countries & online stores. Every partner has a hugely significant
Market analysis C & J Clarks LtdCONTENTSEXECUTIVE SUMMARY1.INTRODUCTION2.COMPANY HISTORY AND PROFILE2.1C&J Clark2.2History2.3Manufacturing2.4Range of Shoes2.5 K Shoes3.MARKET ANALYSISA. MICRO ENVIRONMENT3.1 Market Data3.2Competition3.3Consumer demandB. MACRO ENVIRONMENT3.4Political3.5Social3.6Technological3.7Economic4.SWOT ANALYSIS5.IDENTIFICATIONS OF STRATEGIC ALTERNATIVES6.RECOMMENDATIONS6.1Short Term6.2Medium Term6.3Long TermEXECUTIVE SUMMARYI have been asked by C & J Clark Limited (Clarks) to prepare a report which would include a market analysis of the UK footwear industry and to propose a number of strategic recommendations which would ensure that Clarks secures its short, medium and long term future as the market leader in the shoe
Gucci is a multinational fashion brand based in Italy. The brand specialises in leather goods, clothes, and fashion accessories for both and women aged between 24 and 30 years. Gucci was founded in 1921 in Florence, Italy by Guccio Gucci (Gucci Official Site United States, 2016). The main purpose of this paper is to provide an in depth brand analysis of Gucci. The paper will investigate and evaluate Gucci’s vales and identity, and will discuss how successfully these are reflected by Gucci’s business model, supply chain management, and Corporate Social Responsibility (CSR) activities. In addition to that, the paper will critically evaluate Gucci’s brand identity (identity) in relation to its brand image (external).
During the information search stage of their decision-making process, the consumer stated that they constantly looked at online shops and magazines to improve their personal understanding of fashion. It was noted that the consumer’s awareness set consisted of ten different brands. However, the size of her
Goal of the project- Study of the brand- Gucci, its products, marketing strategies, the marketing mix and a critical evaluation of the study.
According to Aaker (1991), “brand equity is the set of brand assets and liabilities that is linked to a brand, its name, and symbol that add to or subtract from the value provided by a product or service to a firm and/or to that firms customers”. Some academics have given the components of brand equity. It consists of “perceived quality, brand associations, brand awareness and brand loyalty “(Aaker, 1991; Baldauf et al., 2003; Keller, 1993; Selase Asamoah, 2014), and this is the first version of components of it; regarding it as the “consumer 's behavior” toward a make, Keller (1993) proposes two elements: “brand awareness and brand knowledge”; Kim et al.(2008) argue that strong brand equity boosts “consumer satisfaction, repurchasing intent, and degree of loyalty”. Thus, past