MACRO ENVIRONMENT POLITICAL The Department of Labor and Employment completely banned the End of Contract practice. This regulation will help employments get stable jobs to sustain themselves and their families. The Endo practice is ancient and does not match today’s generation, which affected the citizens of the country. Ending the policy of terminating employees after its expiration of service and illegal contractual employment schemes will help the employees and business owners hire and build good relations that could ensure loyalty and tenure of employees. The new policy will help the country be more stable and may open doors for development and improvement in the fashion industry. Comercio Uniforms Enterprise will now have a better …show more content…
Another concern of the apparel industry is the ever-growing underground economy that must be eliminated in the country since it does not help the country developing economy. Based on the article of Philippine Star, all companies in the garment industry are required to have official receipts, accredited by the Bureau of Internal Revenue (BIR). Comercio intends to strictly follow all rules and regulations of the BIR and not support the underground economy that does not register their businesses and do not pay the right taxes. Comercio will maintain its financial books in order, so as to be able to report correctly its revenues and sales at the end of the fiscal year. It is also committed to paying the proper monthly and yearly taxes as required by law such as city taxes; value added taxes and sales taxes from its product sales. With this policy, Comercio is able to help the economy grow and is able to contribute in the …show more content…
International brands coming in helped educate the market in meeting standards, business transactions, and the development and growth of the economy. Fast Fashion was introduced in the Philippines when foreign brands in the country are reigning. This helped local brands use endorsers abroad to promote the products giving Comercio the opportunity boost its marketing activities with the help of endorsers that may create brand awareness for the business. Design inspirations for clothing pieces are made available by the international fashion brands coming in the country. This also gives the local brands the signal to level up and improve designing and innovating different styles. In the Asean Integration, goods and services will be coming in the country, which gives the opportunity for local brands to participate outside the country. The manufacturing businesses in the apparel industry in the Philippines can also be suppliers to the foreign brands. Expanding the business and branching out to other countries will need suppliers to grow the volume of goods to be produced, which may help earn profit to local brands and for the industry to prosper. In the case of local fashion brands, the thought of competition from big players and who would be marginalized by the flood of new competition make them paralyzed by the thought but may
Moreover, the raise o the oil crude tax to a 68% complements the collapse of Puerto Rico’s economy because all the products consumed on the
I. Strengths of TARGET Corporation Target Corporation is one of the largest and oldest public discount retailing company operate in the United States. The company founded in 1902’s by George Dayton (as also known as Dayton Dry Goods in 1962’s). Target store has a huge store footprint and enjoys considerable brand recognition. Target’s portfolio of owned and exclusive brands is also its strength, which allow retailer to a valuable differentiating lover in high competitive retail environment.
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.
These measures probably allow Patagonia to reduce costs and continue to impact other players in the apparel industry to go
The Trouble with Truss Introduction Truss Construction Shop recently experienced several serious work and equipment related accidents within the current quarter. Multiple news sources and social media channels received word by displeased employees claiming that the company fails to provide safe working conditions for its workers and that the company will not take responsibility for the injuries that occurred. Due to this matter, Truss Construction Shop decided to perform an analysis of the obtained information in order to address the issues at hand, help the company abstain from the negative media light, and also, not run the risk of jeopardizing sales. Explanation of the Issue There are two distinct underlying causes that contribute to
The manufacturing department is the most important one because it is the last stage before delivery. Due dates should be respected, production should not lag for any reason and therefore this department should be controlled and supervised well. Moreover, a unified clothing is not necessary in this organization, because let’s face it, we expect people who work in plastics for toy industries to be fun and happy and lively, and wearing formal clothing will do nothing but kill the child spirit of a
In conclusion, school uniforms are a great thing to have in schools. Even though there is that argument on whether school uniforms will violate the right of self-expression to students it will continue either way. At the end of the day students should see that there are more positive effects with uniforms rather than negative ones. It should be taking in consideration that the clothes a student wears will not determine the ability of learning, but why not pick school uniforms that can help stop current school
In order to explicitly analysis the clothing industry, emphasis must be laid on Textile
It actually has a lot of benefits like reducing distractions, reducing peer pressure or bullying, saving money, and enhancing school pride. At first glance, fashion might seem to have very little to do with learning, but as the saying goes, the clothes makes the student. Mandatory uniform policy has made a distinct difference in many schools. School uniforms will keep students focused on their education, not their clothes. According to A bulletin published by the National Association of Secondary School Principals stated that "When all students are wearing the same outfit, they are less concerned about how they look and how they fit in with their peers; thus, they can concentrate on their schoolwork".
Uniforms nowadays are acting as collars to students, and schools are holding the leash. Children and adolescents in school are in that adapting period of life, they want to find out and learn about consequences on their decisions. Schools need to create an environment that encourages creativity and inspire them to break out of their shell. The tradition of uniforms is a repetitive and binding curse that needs stopping. This paper tackles how school uniforms produce more problems than it could handle.
The conditions that the economy environment included, that is, the inflation, employment, monetary and fiscal policy… in a specific sector or region. The macro environment is closely linked to the general business cycle, as opposed to the performance of an individual business sector. -Physical factors: municipalities growth, population go to the regions are more developed, so we have to considerer what are these areas to create there our business. Climatic diversity, Zara knows this diversity so the clothes that it produces will be linked with the climatic of the region, for example, the North is cold, so the winter´s season arrives before.
Uniqlo is a company from Japan; it could easily take advantage of this political factor. Vietnam – Japan Economic Partnership Agreement signed in 2008 has brought opportunities for two countries’ businesses and consumers to “access capital sources, modern technology, materials and goods” effectively (Viet Trade Promotion Agency, n.d) 2. Economic Economic bodies which constitute the external environment have certain influences on economic environment faced by organizations (Capon, 2009). • It is expected that, in 2016, among the six major countries in ASEAN group, Vietnam would grow fastest (The Economist, 2015). • Vietnam has been a member of WTO and a TTP trade agreement: these practices promote more competition and provide more mode of entry alternatives for new firms into Vietnam markets (KPMG, 2015).
Customers do not want to switch to purchase different brands, as such they hold some bargaining power to drive the demand. In the luxury industry, it is possible that existing companies or new designers could enter internationally. However, the brand positioning serve as a serious barrier to create awareness due to customer loyalty and acceptability of the brand. In this case, threat of new entrants is relatively low.
Driving forces provide a framework to decide where and how to exercise market leadership. In this case, globalization is one of the main driving force that affect the fashion industry. Gap was recognized as a must have brand. However, through the years it has been losing competitive advantage due to the continual change. During the last years, Gap has been facing struggles because of its clothing design and faltered misjudgment fashion trend.
INDIA’S INTERNATIONAL TRADE: TREND, COMPOSITION AND DIRECTION INTRODUCTION International trade is exchange of capital, goods, and services across international borders or territories. India’s major imports comprise of crude oil machinery, military products, fertilizers, chemicals, gems, antiques and artworks. Indian exports comprise mainly of engineering and textile products, precious stones, petroleum products, jewellery, sugar, steel chemicals, zinc and leather products. TRENDS