This presentation provides an overview of ZARA, including a SWOT analysis and PESTLE analysis. It discusses the strengths, weaknesses, opportunities, and threats of the company, as well as the political, economic, social, technological, legal, and environmental factors affecting its business.
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PRESENTATION ZARA
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•Introduction •SWOT analysis •PESTLE analysis •Conclusion •References TABLE OF CONTENT
ZARA is a company which has a well renowned position in the fashion retail sector and has its roots of origin in Spain. The organisation began from a very small store in Galicia, Spain by famous modern business tycoon Amancio Ortega. INTRODUCTION
The Strategic planning in a firm to achieve its goals and objectives is formed by considering the major strengths, weaknesses, opportunities and threats which impacts on the business internally (Nohria, 2017). It can be prove as a vital tool for the ZARA to understand and critically assess the magnitude of the inner forces and balancing all the negative as well as positive factors. SWOT ANALYSIS
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•Strength:The Strong distribution network – Over the years Zara has built a reliable distribution network that can reach majority of its potential market. •Weakness:The product portfolio faces a wide gap in between the current stock of apparels and latest consumer taste trends. CONTINUE….
•Opportunities:TheorganisationcanusetheemergingtechniquesofArtificial Intelligence in its stores for the better customer experiences and gaining the attention of a wide segment of potential market share. •Threats:Thelowqualityproductandobsoletesenseoffashiontrendsmakesit threatening for the ZARA. CONTINUE….
A firm's background is wholly responsible for the growth and failures of its functions. Thus the external environmental factor of a firm impact on certain procedures and survival of organisation within the respective boundaries of the nation where it is currently performing or it is supposed to do the effective trading. PESTLE ANALYSIS
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•Political Factors:All those elements in the environment of business that are comprised of the respective governmental policies, mind-set of the ruling party, principles and regulations that are imposed by the existing political powers within the nation. •Economical Factor:The economic factors are those elements which are directly and indirectly related to the financial conditions of a respective market place wherein the company operates its business. CONTINUE….
•Social factor:The social factor can be understood by all those aspects of different society and culture in the political boundaries of a respective nation. •Technological factor:This constitutes the progress as well as advancements which take place within the domain of technology. CONTINUE….
•Legal factor:This factor is concerned with the legislation and laws that an entity needs to adhere to, to ensure its long term sustainability within market place. •Environment factor:This aspect of macro environmental analysis is concerned with sustainable practices and environmental laws (Charter, 2017). CONTINUE….
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On the basis of above discussion, it can be said that scanning the business environment is important for an organisation. In this regard, it is analysed that the environment within which an entity functions consists of internal as well as external factors. CONCLUSION
•Bah, E. H. and Fang, L., 2015. Impact of the business environment on output and productivity in Africa.Journal of Development Economics.114.pp.159-171. •Brown, R. A., 2018.Chinese business enterprise in Asia. Routledge. •Chang, J. F., 2016.Business process management systems: strategy and implementation. Auerbach Publications. REFERENCES