AGILITY CREATES A COMPETITIVE EDGE There is a huge demand in the United States and elsewhere for affordable women's clothing. Low-cost clothing retailers such as Spain's Zara and Sweden's H&M are benefiting from their ability to quickly get mass-produced, trendy new fashions to store shelves while some less-agile competitors like Macy's and Gap struggle to achieve the same results. A key factor for the agile retailers is their nearness to low-cost producers in Romania and Turkey, which greatly shortens transportation time. American retailers often source from China, but increasing wages there and the longer distance lessen their ability to take advantage of quickly introducing new low-cost fashions. What possible solutions are there for competitors such as Macy's and Gap?

AGILITY CREATES A COMPETITIVE EDGE There is a huge demand in the United States and elsewhere for affordable women's clothing. Low-cost clothing retailers such as Spain's Zara and Sweden's H&M are benefiting from their ability to quickly get mass-produced, trendy new fashions to store shelves while some less-agile competitors like Macy's and Gap struggle to achieve the same results. A key factor for the agile retailers is their nearness to low-cost producers in Romania and Turkey, which greatly shortens transportation time. American retailers often source from China, but increasing wages there and the longer distance lessen their ability to take advantage of quickly introducing new low-cost fashions. What possible solutions are there for competitors such as Macy's and Gap?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter14: Marketing Channels And Supply Chain Management

Section14.2: Adm: The Link From Farm To Table

Problem 1C

See similar textbooks

Similar questions

Identify and describe an American firm of your choice that is challenged in its production operations to support its basic business needs to manufacture a high-quality product, safely, within budget, and on schedule. Its operations management is characterized by a culture that supports the vision and mission statements. This business problem (its production operations) includes a mismanaged supply chain, massive overtime wage payouts to make up for lost time injuries, increasing turnover and no shows at the work site, and where there is a spike in customer complaints resulting in business loss and narrowing profit margins. As a decision maker, what action plan would you recommend to the senior leadership of the organization to take it from its current conditions to bring it closer to its ideal operating conditions (to become a company known for zero-defects, excellence in supply chain management, customer satisfaction, safe and reliable high-quality products, value to the customer,…
1.Which of the following was not listed as a typical bootstrapping technique?a. Coordinate procurement with other companiesb. Employ internsc. Reduce personal expendituresd. Purchasing rather than leasing facilities2.Which of the following was one of the most important intellectual property mistakes made by entrepreneurs?a. Not properly registering their internet domain namesb. Not using their intellectual property as part of their overall plan for successc. Not properly identifying all their intellectual propertyd. Not fully recognizing the value of their intellectual property3.Many entrepreneurs tackle the challenge of raising capital in a haphazard manner because:a. they are inexperienced in this area, and they are unsure of their options.b. they haven’t finished a feasibility study or a business plan yet.c. they are focused on the nuts and bolts of starting their business.d. they are cautious about raising money, and they haven't written a business plan.4.Typically, the seed money…
1. Why has same-day delivery of pizza been successful, whereas the practice has failed in other settings? 2. Under what conditions can same day delivery be offered at low cost? 3. What are the characteristics of a businesses that can succeed with same-day delivery?
Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…
Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…
Which among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.
Required: ii) Assuming you and your friend decided to go ahead and start this business, identify specific tpes of financial and nonfinancial information that would be required to run this business effectively. Please give me the correct answers from experts. Shorts and simple . Briefly. ########################### correct answers from experts.
CAN YOU PLEASE EXPLAIN WITH CALCULATIONS. THANK YOU VERY MUCH Sky is the owner of a small business called Sky's Skateboards. Sky, who grew up in a circle of avid boarders, started the business last year, initially adding cool designs to her siblings' and friends' skateboards. After a year of painting skateboards, Sky realized that her add-on design business was slowing down, but there was unmet local demand for custom designed skateboards. Many people had seen her designs and shown up at her doorstep looking for new skateboards for themselves, their kids, or their significant other. Over the holiday season, Sky had done some research and found she could order quality skateboards in basic colours (black, white, blue, etc) for $50 each. She expects to sell boards for $100 each after designing them. If a customer wants to request a specific design, she will charge a premium and sell the skateboard for $125. For the past year, Sky has customized used skateboards for $30 each (the…
Make vs. Buy; Strategy GianAuto Corporation manufactures parts and components for manufacturers and suppliers of parts for automobiles, vans, and trucks. Sales have increased each year based,in part, on the company’s excellent record of customer service and reliability. The industry as a wholehas also grown as auto manufacturers continue to outsource more of their production, especially tocost-efficient manufacturers such as GianAuto. To take advantage of lower wage rates and favorablebusiness environments around the world, GianAuto has located its plants in six different countries.Among the various GianAuto plants is the Denver Cover Plant, one of GianAuto’s earliest plants.The Denver Cover Plant prepares and sews coverings made primarily of leather and upholsteryfabric and ships them to other GianAuto plants, where they are used to cover seats, headrests, doorpanels, and other GianAuto products.Ted Vosilo is the plant manager for the Denver Cover Plant, which was the first GianAuto…
this concept attempts to represent a companys supply networks, subcontractors, marketing and distribution systems diagrammatically but does not do justice to the complexity of the process involved. instead notions of circuitry and interconnection are a better metaphor then? a- commerce b-commodity chain c- capitalism d- cultural economy
Boeing got its start in the Pacific Northwest in part because its first airplanes were made using spruce wood for its qualities as a light yet strong wood, but has not used wood for planes for many decades. From this observation, Boeing's persistence in the region can best be described as a) range. b) inertia. c) threshold. d) labor. e) technology.
Can you explain the two-way symmetrical model? and why it is good for a company?