Submitted by:
Centeno, Jhon Kelvin
San Agustin, Jherson Jake
Industry Analysis
PESTEL Analysis
Political
The Philippines political system is in a structure of a presidential, representative, and democratic republic wherein the president is both the head of government and the head of state within a multi-party system. This system has three branches: the executive branch is implemented by the government under the leadership of the president which is President Gloria Macapagal Arroyo wherein her party affiliation is under Kampi or Lakas-CMD. The legislative branch is the bicameral Philippine legislature wherein members of both are elected by popular vote, the two chamber Congress, and the judicial branch which is the judiciary branch of the
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The technology develop the machines to be simple and quick and operate technology to new ways of clothing manufacturing based on the systems cost and productivity. The technological changes develop the industrialization of clothing production. In sewing machine industry, technology gives an adjustable method of adjusting to changing styles, fabrics and sizes. Few important results appeared as the improvement fabric evaluation. Still there are main problems present in the mechanization of the stitching fabrics. The hunt for advanced competitiveness improves the raise of modern methods in designing, quick response, quality, service, and give better flexibility by motivation of the employees. Aside from the cost and better accessibility, there is a total impact on the clothing technology improves the competitiveness of bigger companies at the cost of small and medium scale companies. Modern technologies brought the important change and upgrade economies of sales in clothing production and organization. Design, cutting and marker producing can handle with the use of the newest equipment. Supposing of woolen goods, cutting can integrate straight into the fabric quality control process. Sewing and similar operations enclosed into small-scale known as satellite units in which the availability and expense of labor are more …show more content…
They mass produce their clothes. These results to some minor quality issues. There are other brands that offers the same products like human.
Prices The prices of their products are very affordable that will entice the mass. They mass produce their products. It will decrease their cost and it will give them higher profit even at a cheap price Some of their clothe are not worthy for their price.
Promotion Bench is a large player in the clothing industry. Bench billboards are everywhere around edsa which is considered as the busiest road in the metro. Many Filipinos buy their product because the model of their products are famous celebrities.
Place Bench has many branches around the country. You can find it inside every SM malls. Sometimes the places are not good and there are many competitors that are beside the store. Filipinos loves to go to malls. Bench stores are always located in the good locations of the malls. People always sees it.
Packaging They promote eco-friendly bags. They use paper bags and reusable bags for their packaging Their packaging is not durable as they look. You cannot reuse the paper bags that they give because it is not sturdy. They also sell reusable shopping bags for the
(P2.2) It is important that Nordstrom knows in what environment they work in when launching a new store therefore, an environmental audit gives an idea and figure in which the company operates or work. This can be done by a PESTLE analysis. Political Factors Political factors play a significant role in determining the factors that can impact Nordstrom 's long term profitability in a certain country or market. Nordstrom is operating in apparel stores in more than dozen countries and exposes itself to different types of political environment and political system risks.
Selfridges, also known as Selfridge & Co., is located in the United Kingdom and well-known and unique because of its history and how it currently operates. Selfridges was established by Harry Gordon Selfridge on 15 March 1909. It is a chain of high-end department stores whose flagship store on London’s Oxford Street is the second largest shop in the UK. Since 2003, Selfridges has been under the ownership of Galen Weston and has its stores at Oxford Street in London, in Birmingham and at Trafford and Exchange Square in Manchester. Selfridges won the Best Department Store in the World at the Global Department Store Summits in 2010, 2012 and 2014 (Selfridges, 2015a,b).
Due to their huge success, control over suppliers can be always be maintained by the company. Rivalry among the competitors is the force to reckon with and it is the one that will decide the future profitability of the fashion industry. Competition in fashion is very high since there are only a handful of competitors when looking at the giants. Future Industry evolution Scenario 1 The future of today’s world is technology.
Their unique shopping experience stems from their smaller store locations with the chevron pattern. They don’t have a large array of products, but they provide high quality goods under their brand name that continues to attract customers.
1.INTRODUCTION OF COMPANY My PESTEL analysis for this piece of writing is based on the famous international lingerie company, Victoria Secret. Victoria Secret was founded in 1977 by Roy Raymond, and his wife. Roy Raymond’s interest in a lingerie line was sparked by his embarrassment when purchasing lingerie for his wife. It was then that he studied the market before deciding to go into business, opening their very first store in Palo Alto, California. His vision then, was to have a store that would make everyone, especially men, comfortable shopping for lingerie.
Introduction Rolls Royce Group Private Limited Company outlines, creates, fabricates and administrates engine for use on Air, Land & Sea. Of which, air is its major business division. The Aerospace division comprises of civil aerospace and defense aerospace while Land & Sea divisions involved of marine, nuclear and power systems (Reuters, 2015). Rolls-Royce was once an electrical and mechanical business that established by Sir Frederick Henry Royce in 1884.
In this era of globalization, the supermarket industry is one of the common investment sectors. It is also forming retail common categories of food products such as fresh and meats, poultry and seafood, fresh fruits and vegetables, canned and frozen foods as well as various dairy products. Investment in this industry can be profitable if succeed but bear in mind that risk still exists if monitoring process is not carried out. Therefore, Professor Michael E. Porter from Harvard Business School has introduced a tool for purposes of analysis potential industry which is the most profitable and potential. Porter stated that five forces are deciding an industry either beneficial at future or it will become a case study and commerce practice (Porter, M.E., 2008).
APPENDIX: Political: There are some political factors that are important to know while considering the performance of food chains like Arby’s. These factors can have an impact on Arby’s such as the health and safety rules provided by the government of the state/country in which the Arby’s division works. These rules can have a direct role in creating the strategies and approaches. Moreover, health-associated campaigns by the government have an impact on the food chains like Arby’s. Political factors also comprise of laws, activities and groups that impact and limit companies and individuals in a certain culture and society.
This was the medium constant development of high quality apparel, with attributes of customers’ feedback, to refine the clothing standard. 4.1.2 Product
Many decision-making problems, for instance, clothing design, pattern cutting, production arrangement, trends and sales prediction, and supply chain management, needed to be tackled. Those problem may be intractable and can be solved by different artificial intelligence approaches such as genetic algorithms, fuzzy logic and expert system. Among various artificial intelligence applications, this report is going to discuss an application of interactive genetic algorithm which is related to apparel design. The original way
Introduction Forever 21 is a clothing brand that is based in many countries. Most people would be very familiar with the brand as it caters to them in terms of a fashion retailer. The country that will be in this report would be in Singapore and the purpose of the report is to perform an environmental analysis on a company. The structure would be an introduction, followed by company background, country background, PESTEL analysis, porter’s 5 forces, strategic recommendations and conclusion.
It is perhaps opportunely that our government is able to push through boundaries and traditions to come up with resolutions and better policies/laws. All this time, the Philippine Economy has been deemed to have strong growth hindered by political uncertainties. This is so true. We have a potential to be great and yet we still move slow towards our development and sustainability. Our country has its own strengths and weaknesses that affect positively and/or negatively our over-all status.
It is more modern from the old fashion to the new look fashion. As we know,nowadays there are a lot of coloured cloth that were sold in the shop. The design is more to the blocking and striking colours compare to the past that just have sold the plain and bored colours. So,from this we can see that the technology can made our clothes more variation and also will made the people who is wearing the cloth more beautiful and elegant. With the technology also, we can make the variation type of cloth.
Threats of substitute product - high • Buyers are likely to shift to other products considering the weather conditions. • Low price jeans. • Substitute like formals and trousers Bargaining power of customer – high • The power of buyers is comparatively high considering the fact that they can simply change to other brands. • Converting cost is low. • substitutes Competitive rivalry – high • high chance for customers to shift to substitute brands – ( CK jeans , guess jeans, DKNY jeans and Diesel) • mid – class employees prefers low rated jeans • Low level of product difference will increase competition because of no brand ID.
4.0 Implementation 4.1 Broader perspective Globalization is affected by various factors that drive towards its existence and formation in the society and a set of these macroeconomic factors. As per this analysis we can get an overview of the current economy of the country that helps the researcher to make relevant suggestions and recommendations that can benefit the economy as well as society to make them believe and trust that the globalization enhances their behaviour and life style. PEST Analysis: Source: Visual.ly website PEST Analysis of Saudi Arabia Political environment Giddens and Griffiths (2006, p. 59) states that mainly there are three reasons why politics has become one of the main drivers of globalization.