This report discusses the different management practices that are put forth in the fashion industry, including theories and concepts, critical understanding of factors, global context, and skills required. It also includes references for further reading.
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Table of Contents INTRODUCTION...........................................................................................................................3 THEORIES AND CONCEPTS OF FASHION BUSINESS MANAGEMENT.............................3 CRITICAL UNDERSTANDING OF FACTORS...........................................................................4 GLOBAL CONTEXT.....................................................................................................................5 SKILLS INCLUDED......................................................................................................................6 CONCLUSION................................................................................................................................7 References........................................................................................................................................1
INTRODUCTION Management practices are the elements that are encroached in the organisation that will define the organisational pace and development. One might seriously not be able to deal with the extravagant that is oriented with contemporary issues unless and until the industry is pretty much familiar with the practices that are put forth (Bai and et.al, 2018). The entire report will focus over the management practices that are initiated over the organisational upliftment which can help people to understand the differential prospects of fashion industry. THEORIES AND CONCEPTS OF FASHION BUSINESS MANAGEMENT It is to be stressed over the fact that fashion business management is one of the symbolic and a systematic entity that is brought forth with respect to biggest concerns which are put forth with respect to the organisational upliftment data into fashion industry. These strategic approaches are primarily the ones that are developed over several theories that are the current understanding of fashion mechanism that is portrayed over the modernized era. Unlike any other management criteria, the fashion industry would also deal with the management theory that are personalized in order to highlight the tasks and responsibilities that are to portray professional managers and employeesthatareworkingintheorganisation(Bloomandet.al,2019).Thedifferent management theories that are highlighted in this regard include: Max Weber And Henri Fayol: this event brings forth the different stages of organisational strategic management that are highlighted as a part of bureaucratic organisation supplement. This will often include the promotions that are included in the organisation that will help to strive across various challenges. There are also several oppositions that are put forth with respect to policies that are to be recorded and are to be supervised such that the organisation can be qualified as one of the best out of the lot more in dealing with the activities. This particular theory and titles different activities that are related to technical as well as commercial along with the financial subjects. The accounting activities are one of the major out of which security related issues will arise. These managerial functionalities would often define the entire page with which the organisation is moving ahead. It is not until when the fashion business is more and crossed over the choices of new implementations that a kind of understanding will not be portrayed (Forth and Bryson, 2019). While considering the global business environment it is to be ensured that there are various industries as well as factor that are operating in the global business environment and the understanding of fashion related issues is one of the contemporary aspects
that the critical knowledge is made prominent. The factors like that of clothing as well as the retailing market which are into dealing with products that are specified on the basis of fashion related manufacturing are the ones that have to deal with different stereotypes. CRITICAL UNDERSTANDING OF FACTORS The fashion industry is regarded to be one of the modernized out of all types where different kinds of elements will be foreseen. For example, the clothing, footwear, accessories, hairstyle and lifestyle everything comes under the fashion industry where the aesthetic expression can therefore be maintained. There is a change that is brought forth with respect to the style that are oriented with the industry and the existence of several boundaries that will constitute different techniques that are into the fashionable criteria. Market: one of the leading industries in the entire factors that are influencing the world as fashion industry. The market for fashion industry is enormous because the new technical implementation that are put forth with respect to certain designs that are new to the world are being accepted by people around. The individuals that are present in the employment as well as non-employmentcriteriaaremoretowardsenhancingtheirlifestylewithrespecttothe modernized environment. These modern techniques are more into dealing with the probability of making the economic standard as one of the points of deriving the means and measures which are necessary for fashion industry to inculcated standards. There are several competitive advantages that are included as a part of import and export of goods that is happening with respect to fashion industry. Various sectors like that of retailing as well as the manufacturing of clothes and goods are being carry forwarded (Bevilacqua and et.al, 2020). Economic factors: economic factors play a havoc in the extreme world full of opportunities. There are several fashionable products and accessories that are put forth with respect to high expectations that are portrayed over different luxury aspects. The affordability that is the brought forth with respect to the change in various conditions is a picturised over the economic perspective. There are several countries that are put into low-income cadre. The income in this regard is mostly based on the demographic that are identified and are best suitable. People from every class is more oriented with the criteria of fashion and therefore there is a probability for the products to go for a good rate and cost analysis. Though there are several stages of identifying the fashionable good and yet the economic standards will vary depending upon the brands that are inculcated (Todeschini and et.al, 2020).
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Technological factors: technology is said to be at the brim of being the best and therefore there are entities like that of going with the designer products and coping up with the change and the world. Technology has also brought about useful designs into existence that are bringing about the collection that is a never-ending phenomenon in the fashion industry. The internet plays a major havoc in this regard where the promotional activities are being rendered by various organisations that will help them to deal with the assets in a more oriented way. Technology since to be one of the useful criteria in this regard that is determining the future of fashion industry and more likely the product that will have to be inculcated at reasonable profits. GLOBAL CONTEXT Global context while dealing with the fashion company is there can be billions of organisations that are moving ahead in dealing with the Textiles and garments Industries. This companies would often deal with their audience which are also the consumers that will propagate the individual brands that are necessary to be globally inhibited. There are several brands like that of Louis Vuitton French luxury and many other that are operating in terms of providing the fashionable brand. These are they high-end Fashion instances that will eventually deal with the aspect of providing luxury Lifestyle that is into dealing with the spectacular entities which are more oriented with the change and World. The Rapid pace of development is bringing about a contextual matter that is being incorporated by people around which is mostly known to be the fashionable context. These are the variations that every aspect eventually deals with the while moving ahead with the luxury consumption and also the imports and exports that are included. Clothing in this regard is one of the favourable entity that on a global context is reaching out to people and is also one of the modes that is fetching its apparel measures to deal with the consumer interactions. The most exported products that are based on a brand would eventually be the clothing as well as accessories based on the fashionable instances (Moretto and et.al, 2018). Brand for being expanded in this regard because of the variability that is brought forth with respect to certain products that are being expanded. The footwear headwear and many other products that are being manufactured by companies are working for a billion dollar turnover that is accountable for largest fashion deals. On a whole it can be eventually stressed over by considering the Global context as one of the fact and figure that will bring about a server mounting interest over the fashion industry. There are several countries that are encapsulated by the onset of fashion and are also moving ahead in terms of development with respect to cost
effective strategies. The imported and exported products would eventually cause less than the ones that are usually manufactured in the parent country. By dealing with the probability of affordable standard the market value of the brand can be determined. The stock information that is in regard to the franchises that are being dealt by fashionable Industries would eventually deal with aa rise of how far one can go ahead in terms of developing fashionable instances. Several countries that are included in imports and exports are the France Germany Netherlands Spain United Kingdom and many other countries that are mostly known for the consumption as well as importing and exporting criteria. The largest companies that are put forth would deal with the clothing apparel industry and many other prominent elements that are falling in the fashion point of view. The population that is being contained in the country is the mostly valued and their decisions are incorporated such that the fashionable instances are maintained over a possible basis. SKILLS INCLUDED There are several skill that are present while dealing with an industry and in regard to the fashion industry communication skill plays a major role. It is a measure of how far the organisation will move ahead in terms of deriving maximum impact. The demand of communication is variable and it is also expertise to over certain circumstances that are determined according to the fashion studies. In order to have a distinctive brand identity it is always essential to move ahead with the prospect of communication for the success that is to be integrated. The skills that are required in order to deal with the fashion industry would obviously be the knowledge that is engraved over a distinctive bases that is brought forth with different roles that are identified. The fashion communicationissuchthatitwilldealwiththeencroachmentofvariouseducational qualification that will define the lifestyle industry (Seetharaman and et.al, 2022). Fashion communicationisimportantforbusinessesinordertoengravetheirchoicesoverthe representation of various marketing purposes. The technical skills in this regard will have to deal with the digital marketing kind of view that will bring about professional standards which will have to be further oriented in the organisation. The fashion industry is a methodology that is put forth with respect to the courses that are top most in identifying the variabilities of industry. There are several opportunities and scope in regard to the fashion communication and that is brought forth with variable criteria. Different job profiles will follow in regard to the fashion sector and that is also one of the basic criteria that is eventually dealt. The roles that are being
attacked by different industries in this regard include fashion advertiser pr manager, retail space, designer, fashion stylist, fashion photographer, fashion journalist and there are many other roles that are being dealt by people around. It is not until when the skills that are oriented with management as well as the finest prospects of communication are being inculcated that the organisation cannot move in terms of growth prospects. CONCLUSION The entire report conclusion of an identifying the aspects of different management practices that are put forth in the industry. Variable criteria that are brought forth with respect to fashion business concepts are being discussed in this report. There are different solutions that are identified as business solutions which are an depend are included in this report. Through this report one can eventually understand the exact scenario that is happening in the fashion industry and the related businesses that are put forth in global environment. A critical understanding of market and its formulation along with the technical and communication skills is being portrayed in this report.
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References Books and journals Bai and et.al, 2018. Effects of agricultural management practices on soil quality: A review of long-term experiments for Europe and China. Agriculture, ecosystems & environment. 265. pp.1-7. Bevilacqua and et.al, 2020. Fuzzy cognitive maps approach for analysing the domino effect of factors affecting supply chain resilience: a fashion industry case study. International Journal of Production Research. 58(20). pp.6370-6398. Bloom and et.al, 2019. What drives differences in management practices?. American Economic Review. 109(5). pp.1648-83. Forth and Bryson, 2019. Management practices and SME performance. Scottish Journal of Political Economy. 66(4). pp.527-558. Moretto and et.al, 2018. Designing a roadmap towards a sustainable supply chain: A focus on the fashion industry. Journal of cleaner production. 193. pp.169-184. Seetharaman and et.al, 2022. A Transition to a Circular Economic Environment: Food, Plastic, andtheFashionIndustry.InternationalJournalofCircularEconomyandWaste Management (IJCEWM). 2(1). pp.1-13. Todeschini and et.al, 2020. Collaboration practices in the fashion industry: Environmentally sustainable innovations in the value chain. Environmental Science & Policy. 106. pp.1-11. Online Fashion industry, 2022: [Online]. Available through: <What is the Fashion Industry? (with pictures) (infobloom.com)> 1