Management & Business | Innovation & Entrepreneurship

Added on -2020-02-24

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Running Head: INNOVATION AND ENTREPRENEURSHIP1Innovation and Entrepreneurship NameDate
INNOVATION AND ENTREPRENEURSHIP2Executive SummaryCreativity and entrepreneurship are the key drivers in business today. The success of firms to outsmart other players in the market is determined by their ability to stay innovative. Currently, innovation gives companies a competitive advantage over others in the market through increasedprofitability and sustainability. This paper focuses on the boutique clothing store. The report discusses the various aspects of creativity and innovation in the industry. Therefore, the paper is significant in unveiling the essential innovation and entrepreneurship issues that must be considered in the industry.
INNOVATION AND ENTREPRENEURSHIP3Table of ContentsIntroduction......................................................................................................................................5Nature of Boutique clothing store................................................................................................5Short life-cycles........................................................................................................................5High volatility...........................................................................................................................5Low predictability....................................................................................................................5High impulse purchasing..........................................................................................................5Innovation in the Boutique Clothing store industry........................................................................6Technological sustainability issues in the fashion industry.............................................................6Pollution prevention.....................................................................................................................7Sustainable technology................................................................................................................7Innovation aspects of Boutique and clothing industry....................................................................7Recycling.....................................................................................................................................7E-commerce and marketing.........................................................................................................8Benefits of Innovation and Entrepreneurship to Clothing and Boutique Industry..........................8Technological setback factors to the Clothing Industry..................................................................9Economics....................................................................................................................................9Social Factors...............................................................................................................................9Technological factors.................................................................................................................10Legal factors...............................................................................................................................10
INNOVATION AND ENTREPRENEURSHIP4Inventory Intelligence and business uncertainty............................................................................10Conclusion.....................................................................................................................................11References......................................................................................................................................12

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