Developing a Business Plan for Fashion Industry

BUSINESS DEVELOPMENT
PROPOSAL
(Part-2 Reflection)

Contents
PART 2: REFLECTION....................................................................................................................................3

PART 2: REFLECTION
RESEARCH
REFLECTION
REPORT
(should contain the
details given below) Please type your responses in the spaces below:
Marks
availab
le
Research Methods
&Processes
How and why have you
chosen/decided on the
research
methods and processes
which you
are using/have used for
the
development of your
Major
Project?
How would you
describe these to:
1) a reader of your
Major Project
and/or
2) a future employer
(max. 275 words)
The plan into consideration is based on developing a
customized dresses fashion shop in Malaysia,
therefore, it is an effective plan which is executed for
a fashion business and the customized shop is known
as Fashion Revolver. Furthermore, the potential
purpose of executing this plan is enhancing the
knowledge regarding developing a business plan or to
develop opportunities for the fashion business. Thus
Malaysia is the developed country, where technology
has taken a huge impact over developing the fashion.
However, people in Malaysia's are very much concern
over fashion and making their self stand out, so I am
glad to get a chance to conduct an analysis over a
business development plan, which will be supportive
for me in developing my knowledge and skills in
regards to the area of developing a customized fashion
store, which is effective in fulfilling the desires of
customers at market place. This study is effective for
me in developing my knowledge regarding the
Malaysian market as I am having suitable knowledge
regarding the sustainability of Malaysian market and
the progression of fashion business in Malaysia. For
the study, I have been recognizing that, in this overall
investigation is based on secondary sources, therefore,
information is mainly gathered through secondary
15

sources as the implementation of idea has been gather
through past business plans. In addition to this,
inductive approach is effectively executed by me as it
is effective in providing detailed analysis over the
theories and hypothesis of the investigation.
In the context of this present investigation, as per my
observation, I have been recognizing that, the reader of
this analysis are the individual who are having their
significant interest in the similar area of study or the
people who are seeking for their professional
development in the area of fashion industry. In this
similar area of study, the future employer are the
individual who are concerning in regards to the
business development plan.
Literature &sources
1) What are the most
important
theories/I literature
sources
/evidence sources which
you are
using to justify your
research and
You’re Major Project?
2) Why are these
sources important and
fundamental to your
work?
(max. 275 words)
In this existing investigation work, I have been
considering that, in this overall execution of the project
is based on secondary sources, therefore, in this books,
journals, published and non publishes articles, past
business development plans are implemented to
develop an effective plan for gaining growth and
success. As the present investigation is based on
developing a customized fashion store, which is
effective in fulfilling the desires of customers at
market place. In this exploration, I have been using
secondary sources for gathering suitable information in
regards to the Malaysian market, In addition to this, I
have been applying various models and theories that
are effective in exploring my knowledge regarding to
the area of fashion industry.
Porters Five force Model: Porter's Five Forces model
is refers as a tool for determining competition of a
15