This document discusses the selected target market, design, pricing strategy, team performance, and competition in the T-Shirt Exhibition. It also reflects on the workplace challenge and its impact on personal development. The document provides references for further reading.
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T-Shirt Exhibition
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Table of Contents QUESTION 1...................................................................................................................................1 Selected Target Market and Why?..............................................................................................1 Why this design?.........................................................................................................................1 Pricing Strategy...........................................................................................................................1 Team Performance, Task Allocation and communication..........................................................1 What do you make of the competition?......................................................................................1 What you do anything differently?.............................................................................................2 REFLECTION................................................................................................................................2 Name of the Challenge: Workplace Challenge...........................................................................2 Skills............................................................................................................................................2 Teamwork...................................................................................................................................2 Time Management......................................................................................................................2 Business Skills and Competencies..............................................................................................2 Learning from this challenge for personal development.............................................................3 REFERENCES................................................................................................................................4
QUESTION 1 Selected Target Market and Why? The selected target market for the purpose of launching new T-shirts in London, United Kingdom a exhibition will be conducted their to inform regarding this new product to public at large. Selected target market is young generation as in present time high amount of individuals prefer comfortable cloths. Selected target market will provide more and more access to required consumers for enhancing sales (Kyrylych, 2016). Why this design? This design is selected because it leads to provide required amount of motivation to the young generation. As more amount of motivation and focus is required among young generation. This T-shirt is available with a logo which indicates to ignore noise around and focus on vision of each individual. Pricing Strategy In the process of launching a new range of T-shirts which is available with a logo that provides required amount of motivation will be provided with competitive pricing in the market. As prices will be set with nominal values so that competition can be faced effectively. Team Performance, Task Allocation and communication Team performed their activities in the most effective manner and all the task was allocated among the team members on the basis of their qualification (Mayasari, Rahastine and Qibtiah, 2019). Quality and performance is considered and task is allocated to members so that performance can be made in more appropriate manner. For effective communication a scalar chain is developed so that communication is maintained. Quality and time for delivering required information is maintained through this communication system. What do you make of the competition? The available amount of competition in the market leads to generation of a strategy which will motivate each individual to purchase clothes offered to them. Competitive strategies leads to generation of business plan which provides sustainability to business organisations. 1
What you do anything differently? The product was launched in the market with one of its unique feature is to motivate all the users and viewers. As its logo influences not to loose concentration and have focus on goals and objectives regarding what is targeted (Rambe and Lestari, 2017). REFLECTION Name of the Challenge: Workplace Challenge In the process of dealing with the challenge I will become efficient to be employed in the departments like marketing and Finance for which I am studying in the collage. In the process of complying with challenges at workplace I have learned skills to deal with situations in marketing departments. Launching a new product, marketing and setting pricing will be helped through thesechallenges.Estimationoffinances,settlingitsrequirementsandmakingallthe arrangements are performed through taking challenges in positive manner at workplace. All the skills required to perform work at these two departments are acquired and work is performed in complete manner. Skills In the process of accompanying with the challenges at workplace it is analysed the availability of communication skills and emotional intelligence will serve as a positive tool while working. Effective communication will help in performing well and leads to more and more amount of success. Teamwork In the process of creating the plan for business communication among team takes place and negotiation for better results is made on each side (Surya, 2018). Time Management In an organisation while performing a role specifically related to a work then all the task assigned to their role is managed in the allocated time. Length of each work is assigned so that completing of work can be made on time and all the work is performed without any confusion. Business Skills and Competencies Business environment is highly competitive and in the process to work in the most efficient manner an individual needs to possess required business skills. For example while 2
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working in the marketing department an individual needs to be perform activities through impressive presentation skills. Knowledge to work on the basic software of business must be present so that level of competence can be improved. Learning from this challenge for personal development In terms of personal development I need to learn form this challenge is to become multi- tasking. As this challenge required an individual to become efficient in each activity which is performed. This challenge also developed my personality to become efficient to take challenges in positive manner and develop required skills to work in the competitive business environment. 3
REFERENCES Books and Journals Kyrylych, K., 2016. Economic-mathematical Mmodel for risk management of sales channels of smallenterprises.ScientificIssuesofJanDługoszUniversityinCzęstochowa. Mathematics.21. Mayasari, S., Rahastine, M. P. and Qibtiah, A., 2019. Strategi Public Relations PT Kasoem HearingDalamMempublikasikanKasoemExhibition2018KepadaMasyarakat Indonesia.Jurnal Komunikasi.10(1). pp.56-63. Rambe, I. H. and Lestari, M. T., 2017, November. Marketing Communication Strategy of Halal Tourism by Tourism of West Sumatra Province. In3rd International Conference on Transformation in Communications 2017 (IcoTiC 2017). Atlantis Press. Surya, E. D., 2018, October. The Effect of Advertising, Exhibition and Event Marketing to Improve Awareness Awareness and its Impact on Intereststo Visit to Destination Religi Tour in Padang City (Case Study of Muslim Tourists from Malaysia). InInternational Conference of ASEAN Prespective and Policy (ICAP)(Vol. 1, No. 1, pp. 226-231). 4