There are many factors that have contributed to the success of Zara but one of its key strengths, which has played a strong role in it becoming a global fashion powerhouse as it is today, is its ability to put customers first. The sub-brand Zara TRF offers trendier and sometimes edgier items to younger women and teenagers. Its first store featured low-priced lookalike products of popular, higher-end clothing and fashion.
The Fashion market grows every year which gives great opportunity to Zara for expansion. The Cultural area is very diversified which Zara can cater to. Young consumer wants to look trendy Zara microenvironment latest fashion and Zara can tap that market.
The credit goes to rationale decision making for all the success achieved by company, achieving leading market position and gaining competitive advantage. However some of the weaknesses like lack of communication of the products where Zara does not strongly promote its products through promotional activities.
This strategy is necessary in order to attract more consumers and it should follow Euro-centric Approach. The lucrative and appealing opportunities are very, much welcoming Zara to enter new market geographically.
This could be done through further segmentation of the product line into new segments which are more customer-oriented and specialized.
Another opportunity which can be utilised by Zara is to take benefit from lower cost of labour which can be done through effective management of workforce and development of corporate identity.
John, which might not be achievable in the domestic markets. This is what even Zara believes and that is why many forces are leading this fashion giant to enter the international arena some of them are shown in figure below: The trend of global strategic management helps in offering many new management challenges to the firms.
The strategic management process model should be based upon a Combined Approach. The firm planning expansion to the global markets should adapt to the external forces because it is very unreasonable to expect them to change and should be proactive in other areas.
While the Stakeholder Theory is helpful in drawing the conclusions from the analysis of external environment. The resources-based perspective does not clash with the stakeholder perspective in the long run. But the fact is that the two perspectives are found to be complimentary to each other in any organisation Lado et al.
The reason being in every organisation for acquiring their resources they depends upon their stakeholders to acquire as well as develop the resources. Strategic Options for Zara Zara completely denies the concept of cheap outsourcing and the main manufacturing activities of Zara are being conducted in Spain.
This proves to be a real god approach towards owning their own work force and this in turn helps in avoiding from getting involved in activities which might turn out to be unethical. The image of Zara is very clear and untarnished with its quality management processes, so the time is right for Zara to unleash new domains.
It is highly not recommended for Zara to outsource its activities; like assembly or manufacturing which might cause confusions and starts questioning the quality management processes currently applicable in Zara.Most important factors of micro environment of business are as follows: 1.
customers, 3. suppliers, 4.
public, 5. marketing intermediaries, 6. workers and their union! The micro environment of the organisation consists of those elements which are controllable by the management.
Zara profile Zara is the most internationalized of Inditex’s chains which owned by Spanish tycoon Amancia Ortega.
The first Zara store opened in and there are more than 1, Zara stores around the world until now. The fashion company Zara has a marketing environment that is quite unique.
So is for Zara, it has macroenvironment and microenvironment that make Zara be a successful fashion icon around the world. MACROENVIRONMENT In macro environment, Zara uses PESTLE analysis for their marketing environment. Zara achieve the targets when they .
1 Dynamics and trends within the marketing environment of ZARA. 1 Introduction of marketing environment 2 MacroenvironmentPESTLE analysis of ZARA 2 Microenvironment analysis of ZARA 4 Poter’s three generic strategies on ZARA 4 SWOT analysis of ZARA 5 2 The importance of.
Section edited by Davide Bedognetti. The Cancer microenvironment section publishes research on the cellular and molecular components of the cancer microenvironment, with a particular focus on translational research that has important implications for the prevention, diagnosis and treatment of human neoplasms.
Zara’s fast responsive designer team is considered rare in the fast fashion apparel industry. Hence, overall, the fast responsive and powerful designer team is a core competency for Zara.