Management: Analysis and Strategies for Business Operations
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This report analyzes different aspects of managing business operations and provides strategies for success and competitive advantage. It focuses on the Feathers Company in UAE.
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Running head: MANAGEMENT Management Name of the Student Name of the University Author note
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1 MANAGEMENT Executive Summary The report has thrown light on analysing the different kinds of aspects which proves to be helpful in managing the business operations in a successful manner. There has been inclusion of the different marketing audit of both internal and external analysis of the environment that has helped the company to globally expand the business operations in the different countries in a positive manner. Moreover, with the implementation and evaluation control of the different strategies, it has created a proper aspect which will be helpful for the business to be successful and gain competitive advantage.
2 MANAGEMENT Table of Contents Introduction................................................................................................................................3 Overview of Feathers Company.............................................................................................3 Mission and Vision................................................................................................................4 Marketing Audit.........................................................................................................................4 Macro and Micro Analysis.....................................................................................................5 PESTEL Analysis...............................................................................................................5 SWOT Analysis...................................................................................................................11 Marketing Objectives...............................................................................................................14 Marketing Mix.........................................................................................................................15 Implementation and Evaluation Control..................................................................................16 Action Plan...............................................................................................................................17 References................................................................................................................................19
3 MANAGEMENT Introduction The report throws light on the overall analysis internal and external analysis of the Feathers Company which is situated in United Arab Emirates. With the help of the internal and external analysis of the company, the different opportunities, threats, strengths along with weaknesses are being identified which can affect the growth of the company during the global expansion. Moreover, the marketing objectives of the company are required to be identified which will be beneficial for the overall growth of the company in the different markets.The proper external and internal environment analysis is required to be done on UAE marketas the fashion industry is growing and they have been able to gain popularity. Overview of Feathers Company Feathers Company is one of the Emirati brands which has the Arabic culture deeply rooted in the tale from the logo that was inspired from the traditional architectural patterns which helped in showcasing the proud as well as rich heritage. The company was founded in the year 2010 in the month of October 10th1. Feathers Company is the first Arabic luxury brand which helps in offering the full range of the genuinely crafted products such as leather goods, fine jewelry, captivating fragrances, sunglasses along with accessories and the top line shoes for the different customers. In addition, the Feathers goods are appealing to the different young Arabs and they have done the same by making bold statements by celebrating the love of luxury in the most Arabic manner. It is the first boutique which has been opened in Abu Dhabi and it has been able to creating a strong presence in the different upscale shopping centers such as Yas Mall, Abu Dhabi and Dalma Mall, Abu Dhabi. 1Feathersfashion.com- Feathers Fashion | Feathers Fashion UAEhttp://feathers-fashion.com/?page_id=18859 (2019) [Retrieved from 9thApril 2019]
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4 MANAGEMENT Mission and Vision Themain mission of the Feathers Boutiqueis to engage in offering the customers with the different garments along with accessories which are targeted for females and males’ customers. The main aim is to maintain the highest standards in terms of the customer service, quality of the products which are served to the customers which will be satisfying the needs of the customers2. The company treats the different customers in the market with high priority and in order to serve them with the best products and services, the company tries to understand their experience, needs along with lifestyle. On the other hand, thevision of the Feathers Boutiqueis to operate with the overall perfection in each and every aspect, cherish beauty along with the style within the overall fashion industry and the company aims to maintain the brand name as well as reputation3. Moreover, the other vision of the company is to be the favorite of the customers through providing them with the products of best quality along with the reasonable pricing and providing them with the unique customer experience. Marketing Audit With the help of the marketing audit, it will be helpful in thorough review of the marketing plan, objectives along with current activities which are being executed in the business4. The main goal of the marketing audit is to make the working practices more 2Watrobski, Jaroslaw, Jaroslaw Jankowski, and Pawel Ziemba. "Multistage performance modelling in digital marketing management."Economics & Sociology9, no. 2 (2016): 101. 3Shaw, Stephen.Airline marketing and management. Routledge, 2016. 4Olson, Eric M., Stanley F. Slater, G. Tomas M. Hult, and Kai M. Olson. "The application of human resource management policies within the marketing organization: The impact on business and marketing strategy
5 MANAGEMENT effective which will be beneficial in the global expansion aspects. In case of Feathers Boutique, the main marketing objective is to expand the business in UAE market. Macro and Micro Analysis With the help of the PESTEL analysis, the different kinds of internal as well as external factors are required to be identified which will be beneficial in understanding the threats as well as opportunities for Feathers Boutique to expand their business operations in the UAE market. PESTEL Analysis Political Factors-The different politics play a major role in the business world as it plays a crucial role in business structuring like economics. In theUAE economy, there is political stabilityalong with flexibilityof the government is present in the marketand across the entire country.It will be beneficial for Feathers Boutique to expand their business operations in the UAE market5. As Feathers Boutique is a big brand name in UAE market, thereforein order to expand their business operations, the respective boutique needs to handle the different political conflictsin an effective manner to allow flexibility around the economy. implementation."Industrial Marketing Management69 (2018): 62-73. 5Moutinho, Luiz, and Alfonso Vargas-Sanchez, eds.Strategic Management in Tourism, CABI Tourism Texts. Cabi, 2018.
6 MANAGEMENT Figure 1: Political Aspects of UAE (Source:Jaroslaw, Jankowski and Ziemba 2016) Economic Factors-In the UAE market, there is exceptionally high rate of GDP per capita and the rate of employment is low as well which proves to be beneficial for the growth and stability of the company. Itis one of the major success factors for Feathers Boutique to expand globally. As Feathers Company is one of the luxurious brands which sells and offers the different products to the high and middle-class customers and therefore, it is essential for them to understand the overall scenario of people in UAE and whether the brand is affordable in the respective market6. The growth of the GDP is38,257.51 Crores USDwhich proves to be beneficial for matching the different products as well as services for the customers in such market. 6Järvinen, Joel, and Heini Taiminen. "Harnessing marketing automation for B2B content marketing."Industrial Marketing Management54 (2016): 164-175.
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7 MANAGEMENT Figure 2: GDP Aspects of United Arab Emirates (Source:Jaroslaw, Jankowski and Ziemba 2016) Social Factors-In case of social factors, there are few aspects such as income of the individuals can be one of the most essential aspects as the income level is huge in comparison to the other countries and the standard of living of the people is high as well.Moreover, it has been seen that the inhabitants in the UAE market prefer to live comfortable and the main reason behind the same is their well known jobs and there is specific clothing which is wore and it is one of the main aspects which will be affecting the overall effectiveness.In such scenario, Feathers Company will be gaining competitive advantage in the market of UAE and theglobalization has gradually resulted in the area and it is the mixture of different cultures that will be beneficial for the overall growth of the company7. 7Johnsen, Thomas E. "Purchasing and supply management in an industrial marketing perspective."Industrial Marketing Management69 (2018): 91-97.
8 MANAGEMENT Figure 3: Standard Living and Disposable Income in UAE (Source:Jaroslaw, Jankowski and Ziemba 2016) Technological Factors-The availability of internet along with the telecommunication infrastructure are the different aspects which will be beneficial for the overall growth of the company.In addition, the young population in UAE market is tech savvy that will allow the respective boutique to leverage technological advancement and gain competitive advantage. The availability of wealth in the country as to purchase new equipmentscan be the positive aspect for continuing their business in the market8. The technological aspects play a major role in the business of the fashion industry or the boutiques that will be a bug opportunity for expanding the business operations in UAE. 8Homburg,Christian,DanijelJozić,andChristinaKuehnl."Customerexperiencemanagement:toward implementing an evolving marketing concept."Journal of the Academy of Marketing Science45, no. 3 (2017): 377-401.
9 MANAGEMENT Figure 4: Technological Innovations at UAE (Source:Jaroslaw, Jankowski and Ziemba 2016) Legal Factors-In case of the legal factors, the different aspects such as there are inclusion of the different labor laws such as health and safety aspects for the employees working in the organizations. Moreover, there is inclusion of Employment Rights Act 1996 as well as the Employment Act 2002 are included in the market of UAE that has reduced the discrimination among employees. Due to the same, it will be beneficial for the overall global expansion of the company in UAE9. 9Gummesson, Evert. "From relationship marketing to total relationship marketing and beyond."Journal of Services Marketing31, no. 1 (2017): 16-19.
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10 MANAGEMENT Figure 5: Legal Aspects in UAE (Source:Jaroslaw, Jankowski and Ziemba 2016) Environmental Factors-The respective country UAE has hot and dry climate wherein the production can slow down, however there are different kinds of equipments which can be implemented by Feathers Company to continue their operations in UAE.The different environmental aspects such as environment related regulations are followed in the market of UAE. Moreover, the Feathers Boutique follows the sustainability practices which will be beneficial in continuing and expanding their business operations in UAE market10. 10Atwal, Glyn, and Alistair Williams. "Luxury brand marketing–the experience is everything!." InAdvances in luxury brand management, pp. 43-57. Palgrave Macmillan, Cham, 2017.
11 MANAGEMENT Figure 6: Sustainability Practices in UAE (Source:Jaroslaw, Jankowski and Ziemba 2016) SWOT Analysis SWOT analysis is the comprehensive audit along with competitive analysis which helps in identification of the strengths, weaknesses, opportunities along with threats which are being faced by the business. In case of Feathers Boutique, the SWOT analysis will be helpful in improving the business scenario to a proper extent. Strengths The different clothes, accessories along with collection of shoes of the company is made up of high quality fabrics along with there is proper usage of the digital print technology. Moreover, the clothes which are being sold by them are fashionable and
12 MANAGEMENT wearable in nature that is refreshing in terms of color. The fashion designers of the company have left her imprint on each and every item which are sold by them. Furthermore, the company is trying to meet the different changing needs of the customers present in the market along with keeping in line with the adventurous style which is followed in the present scenario. The major inspiration of the store is to provide the customers with the vintage look clothing which helps in making it popular for the elite class people. Moreover, the boutique brand is aspirational along with specialized designs which helpthecompanyinmanagingtheoveralleffectivenessofthecompanyandgain competitiveness in the market. The clothing and the various accessories which are being sold by them are considered to be the items of the collectors and is of high importance as well. Weaknesses The respective fashion boutique is not so branded and it is not possible for them to reach to the different countries and attract the customers. Moreover, the boutique charges high prices and has limited recall of brand and there is inclusion of limited production for certain times as well in the market11 The product range is small and limited which affects the overall growth of the company in a negative manner. furthermore, the prints and the designs are very distinct and it is not affordable by the different group of customers present in the market. 11Andrews, Josie L., and Jonathan E. Taylor. "Keeping Adult Education in the Mix: Using the Marketing Mix to Foster Viable and Sustainable Graduate Programs for Adult Learners."International Journal of Technology and Educational Marketing (IJTEM)7, no. 1 (2017): 26-37.
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13 MANAGEMENT In addition to the same, the respective boutique company is considered to be quite a niche market which attracts only a particular group of individuals in the market and the price range is high which cannot be afforded by all the individuals. Opportunities In the present scenario, there is high growthin the online retail and e-commerce business which is gaining huge amount of importance which helps in improving the different business operations in a proper manner. It will be beneficial for Feathers Company in which it has been noticed that through online presence, the company will be able to raise the brand portfolioalongwithawarenessamongthecustomersthroughadvertisingaswellas connections to the stockists12. Moreover, there can be introduction of the innovative methods of printing which will be helpful in incorporating the sustainable elements into the designs that will be beneficial for the overall growth of the boutique in a proper and effective manner. There can be introduction and hiring of the young group designers which will be beneficial in designing the different clothes in line with the changing fashion. Threats The major threat which can be experienced in the respective aspect is that the switching costs among the customers is high and the economic downturn is affecting the presence of the company in different countries. 12Andrews, Josie L., and Jonathan E. Taylor. "Keeping Adult Education in the Mix: Using the Marketing Mix to Foster Viable and Sustainable Graduate Programs for Adult Learners."International Journal of Technology and Educational Marketing (IJTEM)7, no. 1 (2017): 26-37.
14 MANAGEMENT Moreover, there are different competitors of the boutique in the market that has affected the overall efficiency of the respective brand in a negative manner and due to the same, there can be market saturation of the brand. Furthermore, the company is not able to compete with the different cheaper, lower quality imitations on the high street and due to the same, the company is not able to gain big brand profile through select stockists. Marketing Objectives Feathers is one of the most significant brands which is situated at Abu Dhabi and the attentionoftherespectiveorganizationismainlyfocusedonconsumersandthey continuously develop quality, image as well as look for the different organizational structures along with products as to integrate as well as achieve the different expectations of the customers in order to provide the customers with excellent value. The respective organization is synonymous to innovation and the company is strengthening the different products as well as services in the competitive business environment to improve their presence in different parts of the world. The different marketing objectives of the Feathers Company is inclusive of the following: Market Development-To increase into the new business markets and reacting to the different customer segments Market Penetration-To achieve the market share across the entire globe wherein they want to compete and create their presence and it will be beneficial for them to include their presence in UAE Product Awareness-To develop proper visibility along with consciousness regarding the respective brand which will be helpful for them in providing consistent as well as clear support as well as messaging inventiveness of the product at point of scale
15 MANAGEMENT Marketing Mix The marketing mix of Feathers Boutique will be covering the 4Ps along with the overall analysis of the marketing strategy of the company. Product-Feathers Boutique is considered to be one of the luxurious brands in the market of United Arab Emirates. The different product offerings of the company include the different kinds of accessories, clothing for men as well as women, the shoes of men and women which will be beneficial for the business as it is trying to offer the one stop solution to the different customers in the market and gain competitive advantage in the market as well13. It will be beneficial for the company in the UAE market which will be one of the competitive factors by teaming up with the local talents to provide the best fashion brands. Moreover, the boutique prefers the sustainable development and they are committed towards reduction of production of the waste. Price-The different products which are offered by the company are high on fashion and it charges high pricing aspect for the different products sold by them and the boutique is termed as luxurious brand14. The boutique follows the high cost differentiation strategy which will be of huge importance in the markets of UAE as well as it will be able to improve the overall effectiveness in the market appropriately. On the other hand, Feathers Fashion Boutique includes low level of discounting throughout the year that can be the advantage for global expansion of the business in the market of UAE. 13Bagozzi,RichardP.,JoseAntonioRosa,KirstinSawhneyCelly,andFranciscoCoronel.Marketing- Management. Walter de Gruyter GmbH & Co KG, 2018. 14Chernev, Alexander.Strategic marketing management. Cerebellum Press, 2018.
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16 MANAGEMENT Place-FeathersBoutiqueisauniqueplaceanditishelpfulindesigningand manufacturing the products itself. The company has their presence in the different places of United Arab Emirates and it is the vertically integrated organization and the supply chain of the company provides them with competitive advantage. It will be beneficial in expanding their business in UAE market and it will be beneficial for gaining success15. Promotion-Feathers Company barely spends on the advertising aspects and there are no such flashy campaigns used by the company. The unique selling propositionsof the company is the unique products along with large variety of styles which will be beneficial for increasing their market share in the UAE market. The word of mouth technique can be helpful in managing the overall effectiveness in the UAE market and gain competitive advantage. Implementation and Evaluation Control In order to globally expand the business operations in market of UAE, there are different kinds of evaluations which are required to be considered as it will be beneficial for the overall success of the firm in the respective market. Analysis of the Competitors It is the first aspect which should be analyzed by the company as it will be helpful for them in understanding the overall position of the fashion industry in the respective market. In the UAE along with other markets, there are different kinds of fashion brands which are performing well and it can affect the growth of Feathers Boutique and proper steps are 15Baker, Michael J., and Michael Saren, eds.Marketing theory: a student text. Sage, 2016.
17 MANAGEMENT required to be analyzed as it will provide them knowledge on the pricing strategies which will be beneficial for the growth. Differentiation Pricing Technique It is the other aspect which can be adopted by the company in order to expand their business in UAE as well as in other countries and gain profitability. As there is inclusion of the different competitors who are selling similar products, therefore the differentiation concept can be beneficial for them in gaining stronger customer base and become more competitive in nature. Action Plan Activity 1- 8th Marc h 10 -15th March 16 -18th March 19 -22nd March 23 -26th March 27th March- 04th April Objectives of the plan Challenges Faced by Company in UAE market Target Market Aspects such as lifestyle and demographics Organizational Strategy for global expansion Formation of digital marketing campaign
18 MANAGEMENT Selecting appropriate aspect for conducting research Collection of data Analyzing the data Interpretation of collected data sets Concluding the Study
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19 MANAGEMENT References Aghazadeh,Hashem."Strategicmarketingmanagement:Achievingsuperiorbusiness performancethroughintelligentmarketingstrategy."Procedia-SocialandBehavioral Sciences207 (2015): 125-134. Andrews, Josie L., and Jonathan E. Taylor. "Keeping Adult Education in the Mix: Using the MarketingMixtoFosterViableandSustainableGraduateProgramsforAdult Learners."International Journal of Technology and Educational Marketing (IJTEM)7, no. 1 (2017): 26-37. Atwal, Glyn, and Alistair Williams. "Luxury brand marketing–the experience is everything!." InAdvances in luxury brand management, pp. 43-57. Palgrave Macmillan, Cham, 2017. Bagozzi,RichardP.,JoseAntonioRosa,KirstinSawhneyCelly,andFrancisco Coronel.Marketing-Management. Walter de Gruyter GmbH & Co KG, 2018. Baker, Michael J. "What is marketing?." InThe Marketing Book, pp. 25-42. Routledge, 2016. Baker, Michael J., and Michael Saren, eds.Marketing theory: a student text. Sage, 2016. Chernev, Alexander.Strategic marketing management. Cerebellum Press, 2018. Feathersfashion.com- Feathers Fashion | Feathers Fashion UAEhttp://feathers-fashion.com/? page_id=18859(2019) [Retrieved from 9thApril 2019] Gummesson,Evert."Fromrelationshipmarketingtototalrelationshipmarketingand beyond."Journal of Services Marketing31, no. 1 (2017): 16-19.
20 MANAGEMENT Homburg, Christian, DanijelJozić, and Christina Kuehnl. "Customer experience management: toward implementing an evolving marketing concept."Journal of the Academy of Marketing Science45, no. 3 (2017): 377-401. Järvinen, Joel, and Heini Taiminen. "Harnessing marketing automation for B2B content marketing."Industrial Marketing Management54 (2016): 164-175. Johnsen,ThomasE."Purchasingandsupplymanagementinanindustrialmarketing perspective."Industrial Marketing Management69 (2018): 91-97. Moutinho, Luiz, and Alfonso Vargas-Sanchez, eds.Strategic Management in Tourism, CABI Tourism Texts. Cabi, 2018. Olson, Eric M., Stanley F. Slater, G. Tomas M. Hult, and Kai M. Olson. "The application of human resource management policies within the marketing organization: The impact on businessandmarketingstrategyimplementation."IndustrialMarketingManagement69 (2018): 62-73. Shaw, Stephen.Airline marketing and management. Routledge, 2016. Watrobski, Jaroslaw, Jaroslaw Jankowski, and Pawel Ziemba. "Multistage performance modelling in digital marketing management."Economics & Sociology9, no. 2 (2016): 101.