Fast Zara, Fast Fashion - 3460 Words

Fast Zara, Fast Fashion Introduction Everyone, no matter youngsters or middle-aged mothers, love to buy clothes and keep updated on latest fashion trend. In the past, people could only consume western styles clothing if they are rich enough to go shopping by travelling in European countries or able to afford expensive air mail to send the consumed western clothes back from overseas. However, it took a period of time and the fashionable clothing may become â€Å"old† at the time received. As the information technology grows rapidly and, at the same time, trend of globalization makes the world become flat, people in every corner of the world receive updated news and knowledge quickly. They started to learn cultures from different part of the†¦show more content†¦Hong Kong Business Environment Hong Kong business environment is very special compared with other cities in Asian, or even all over the world. Hong Kong was British colony for more than 150 years which has left significant influence on the population and history of Hong Kong, especially the legal and educational foundation. Unlike long-term orientation held in Chinese, Hong Kong people tend to have a short-term orientation, i.e. short-term measures and quick profits. Although we are influence deeply by Chinese values through traditional family education and parents and elderly, Hong Kong people see themselves a mixture of Eastern and Western values, cultures and practices. This might be because most of the business leaders have been educated abroad or have graduated from local business schools which emphasize lot on Western business theories (Holt and Mailer, 1992). Such uniqueness makes culture-driven analysis worthy to Hong Kong people. PESTLE Analysis for Hong Kong Business Environment PESTLE Analysis is a new version of â€Å"PEST Analysis†. This external, strategic analysis gives overview of different macro-environmental factors of a particular area for understanding market growth or decline, business position, potential and direction for operations. â€Å"PESTLE† stands for political, economic, social, technological, legal, and environmental factors, using for environmental scanning and strategic management. Legal andShow MoreRelatedZara Fast Fashion2084 Words   |  9 Pagesefficiency? Note that while the electronic version of Exhibit 6 automates some of the comparisons, you will probably want to dig further into them. Background: Inditex is an international fashion retailer that designed, manufactured and sold apparel, footwear, and accessories for women, men, and children through Zara and other five chains around the world. The six retailing chains were organized as separate business units within an overall structure that also included six business support areas andRead MoreZara Fast Fashion2092 Words   |  9 Pagesefficiency? Note that while the electronic version of Exhibit 6 automates some of the comparisons, you will probably want to dig further into them. Background: Inditex is an international fashion retailer that designed, manufactured and sold apparel, footwear, and accessories for women, men, and children through Zara and other five chains around the world. The six retailing chains were organized as separate business units within an overall structure that also included six business support areas andRead MoreZara: It for Fast Fashion3524 Words   |  15 PagesI. Executive Summary Zara produces of-the-moment fashion and has developed a very successful vertically integrated company which can design, manufacture, and distribute garments to retail stores in as little as three weeks. Zara s target market is comprised of urban, fashion-conscious consumers who shop frequently for the latest trends. Currently under debate is a proposed upgrade to the POS system throughout the Zara chain. With over 550 stores, this would be a huge undertaking for Inditex,Read MoreZara: It for Fast Fashion1266 Words   |  6 Pagesmachines leaving them incompatible with DOS. Because Zara’s core business model is vertically integrated, it could specialize in speed and efficiency and the fast fashion trend. By assessing the pros and cons of the new IT infrastructure with Zara’s brand image, they determined that implementing the new POS networking system is beneficial for Zara because 1) it creates a more robust and scalable system that is more responsive to Inditexâ₠¬â„¢s supply chain network, 2) it removes the risk of the system becomingRead MoreZara, Fast Fashion1561 Words   |  7 Pagesmarket. Along with the globalization and technology development, consumers are easier to access to fashion. As a result, the customers are changing and the companies are evolving to deliver customers satisfaction. Zara, the most profitable brand of Spain clothing retail group Inditex, has leveraged its unique strategy to achieve success and will be expected to maintain a sustainable growth in the fashion industry. Zara’s core competencies can be divided into four areas: process development, distributionRead MoreZara: It for Fast Fashion2866 Words   |  12 Pages10 ZARA: IT for Fast Fashion 10 ZARA: IT for Fast Fashion Zara: IT for Fast Fashion Executive Summary This concise summary will introduce and also, briefly, analyze and summarize the case at hand: Zara: IT for Fast Fashion and the issues Mr. Salgado and Mr. Sanchez are facing alongside the rest of Zara and Inditex’s management. The problems introduced are all major concerns that are currently affecting or risking to potentially affect the company in the future. These includeRead MoreZara Fast Fashion: Executive Summary5256 Words   |  22 Pages 2007-2008 BUS 3200 Strategic Management Case Assignment Zara: Fast Fashion NG Pui Yan, Ivy 05003539 CHAN Chi Cheuk, Sunny 05006856 CHUI Yuen Shan, Cora 05017041 LOK Ka Pik, Capi 06004911 GUENTHNER Patrick 07501153 Executive summary Quick response of Zara leads it to be successful in the fashion clothing industry. Zara adopts international strategy for its operation. With vertical integration, it benefits Zara in cost aspect, however, it involves some risks. Due to our anaylysisRead MoreZara It for Fast Fashion Case Notes895 Words   |  4 PagesZara IT for Fast Fashion Case Notes Identify decision issue, and your role as a decision maker Salgado and Sanchez need to decide if it is the right time to update Zaraà ¢Ã¢â€š ¬Ã¢â€ž ¢s information technology. The key concern is the outdated operating system they use for their point of sale (POS) terminals. Should they purchase the current POS machines from their vendors so that they can support their needs in case the vendor changes their machines to new technology? Or should they move to using new operatingRead MoreZara It for Fast Fashion Case Notes903 Words   |  4 PagesZara IT for Fast Fashion Case Notes Identify decision issue, and your role as a decision maker Salgado and Sanchez need to decide if it is the right time to update Zara’s information technology. The key concern is the outdated operating system they use for their point of sale (POS) terminals. Should they purchase the current POS machines from their vendors so that they can support their needs in case the vendor changes their machines to new technology? Or should they move to using new operatingRead MoreZara: Fast Fashion Essay examples3616 Words   |  15 PagesZARA: Fast Fashion The Spanish retail chain Zara has unique supply chain management practices that enable it to gain a competitive advantage over other fashion retailers in the industry. Zara’s rapid response time enables the firm to quickly respond to changing fashions while deliberately under producing products. This strategy, which is supported by competencies in logistic management, design and information systems, allows the company to maintain less inventory and higher profit margins and is