Impact of International Brands on Social Attitude in Fashion Industry
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Added on 2023/02/02
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This presentation examines the impact of international brands on social attitude in the fashion industry, with a focus on Marks and Spencer. It analyzes data collected through a questionnaire and discusses the challenges and opportunities of globalization in the fashion industry.
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RESEARCH PROJECT
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TOPIC “To determine how international brands impact on social attitude in fashion industry. A study on Marks and Spencer”
INTRODUCTION Globalization is the process of interaction and integration among people, companies and government worldwide. Marks and Spencer use various strategies to overcome challenges related to globalization. This presentation will examine the data collected in the research to examine the impact of international brand on social attitude in fashion industry. The Presentation will also analyze the data collected via questionnaire.
Data Collection In this present research, scholar has used to collect data from both primaryandsecondarysources.Researcherhasformulated questionnaire which contain number of questions related to mentioned topic where respondents provides their own views. On the other hand, secondary research are conducted for literature review to address the objectives.
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Data Analysis In this present research, researcher has used qualitative data for analysing the data in more suitable way. Thematic analysis has been done in order to interpret the data in very useful manner. Researcher has prepared charts, tables and graph to present the data.
Questionnaire Questionnaire Name: Age: Gender: 1) How long you are purchasing the products and services of Marks and Spencer? 1 to 3 years 3 to 6 years 6 to 8 years 2) Do you think entry of fashion industries impact on social behaviour of people? Yes No Not Sure 3) Do you think customers are now become brand conscious? Yes No Not Sure 4) Is changing behaviour of customers affect sales performance of fashion industries in positive way? Highly Agree Agree Neutral Highly Disagree Disagree 5) What are the main challenges M&S face due to entrance of international brands in same marketplace? Changing behaviour of customers Decreasing sales performance Remain competitive at marketplace 6) What are the opportunities people gain with emergence of global organisations? Get a range of fashionable products Purchase products on desirable rates Improving living standardisation 7) Which is the most essential factor that M&S needs to concern while developing strategies? Promote Brand Maintain competitive edge Foster customer relationship 8) Which are the main strategies that makes M&S to remain competitive at marketplace? Creating innovation in business as per latest trends Promoting business in international marketplace Dynamic Organisational Policies 9) Are you satisfied with fashionable products offered by M&S in international marketplace? Highly Agree Agree Neutral Highly Disagree Disagree 10) Provide some recommendation to M&Sto improve and enhance itssalesperformance,to remain competitive at international marketplace. …............
Theme 1: Majority of customers are using the products and services of Marks and Spencer for 3 to 6 years PARTICULARSRESPONDENTS 1 to 3 years8 3 to 6 years14 6 to 8 years6
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Theme 5: Changing behaviour of customers is main challenges M&S face due to entrance of International brands in same marketplace. PARTICULARSRESPONDENTS Changing behaviour of customers16 Decreasing sales performance9 Remain competitive at marketplace5
Theme 6: Improving living standardisation is the most essential factor that M&S needs to concern while developing strategies PARTICULARSRESPONDENTS Highly Agree9 Agree6 Neutral3 Highly Disagree8 Disagree4
Theme 7: Maintain competitive edge is the most essential factor that M&S needs to concern while developing strategies. PARTICULARSRESPONDENTS Promote Brand11 Maintain competitive edge14 Foster customer relationship5
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Theme 8: Creating innovation in business as per latest trends is the main strategies that makes M&S to remain competitive at marketplace.PARTICULARSRESPONDENTS Creating innovation in business as per latest trends 15 Promoting business in international marketplace 8 Dynamic Organisational Policies7
Theme 9: Maximum customers are satisfied with fashionable products offered by M&S in international marketplace PARTICULARSRESPONDENTS Highly Agree9 Agree6 Neutral2 Highly Disagree8 Disagree5
RECOMMENDATION From the above analysis, it is identified and various recommend are provided by researcher which are as follows- 1.M&S should focus on there loyal customers because they are key people of company. They should give first priority to loyal customers and then to potential customers. 2.M&S should provide products and services for both high income group people and average income group so that both type of income level group will be satisfied and keep connected
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CONCLUSION The above presentation comes to the conclusion that fashion industry is influenced by globalisation in both positive and negative way. The impact of international brands on social attitudes in fashion industry is determined in this research. With the increased global interaction's comes the growth of international trade, ideas and culture. It is also identified thatorganisations dealing in the fashion industry, globalisation has leads to tremendous benefits along with various challenges. It is also very important to maintain competitive edge which is most essential factor organisations in fashion industry needs to concern while developing strategies.