Enterprise and Entrepreneurship: A Case Study on Sustainable Clothing Brand
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Added on  2023/06/07
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This case study on enterprise and entrepreneurship focuses on a sustainable clothing brand and covers the motivation behind the business, the process of generating the business idea, feasibility studies conducted, details of the product/service offered, potential market opportunities, attractiveness of the industry, and the vision of the business.
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Enterprise and Entrepreneurship
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Content ï‚–Introduction ï‚–Motivation behind the choice of business ï‚–The process of generating the business idea ï‚–Feasibility studies conducted ï‚–Details of the product/service to be offered ï‚–Potential market opportunities ï‚–Attractiveness of the industry ï‚–Vision of the business ï‚–Conclusion
IntroductionAn entrepreneur establishes an enterprise and practises entrepreneurship, initially entrepreneur is an individual who take a risk of creating a business on the basis of his/her idea for which the person assembles labour and resources from several legal sources to create its produce andpresentitinthemarkettogenerateprofits. Entrepreneurship is considered highly unstable but at time it can be rewarding to an extent which one can't imagine, it functions in generating wealth and growth for the enterprise
Motivation behind the choice of business The motivation which is directly associated with the ideology of the business is to serve good to the people and to the planet as well, the main objective was to create a sustainable and stable clothing brand which will be economical and will not be harsh on the people’s pocket. As it is seen that the world is influenced to follow the fast fashion trends because of the social media and excessive western influence, which is not only economical but also is affecting the environment the most as many big brands are too working towards making their brands a sustainable option.
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The process of generating the business idea ï‚–The business idea was developed while examining the adverse effectthefashionindustryiscausingontheenvironment,as mentioned the social media has influenced many to follow the fast fashion and buy super expensive clothes which are being created by theexploitationandcrueltyagainsttheanimalswhichisnot sustainable under any conditions.As the environment is facing excessive environment conditions which are gradually decreasing the chances of life on the planet and polluting it at a tremendous rate.
Feasibility studies conducted Detailed feasibility analysis has been conducted, which has helped the brand to determine all essentially crucial aspects of the business and its vision, the study helps in identifying and evaluating the vision and the mission of the organisation by which probability of success is carried out. With multiple aspects it analysis that either the business will be able to make enough profit to sustain and to grow the business. ï‚–Operational Feasibility ï‚–Market Feasibility
Details of the product/service to be offeredThecompanyofferssustainableclotheswhichfocusesonnot depleting the environment, the company provides clothes which are not dependent on the fats fashion industry, the material that is being offered by the brand is sustainable as it is not manufactured with animal cruelty. The quality of the is not compromised under any conditions, which has helped the brand to sustain its market place regardless of the excessive competition in the fashion industry.
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Potential market opportunitiesï‚–The brand is experiencing several market opportunities as there is demand among people for consuming sustainable products, because of the sudden rise in demand of sustainable products, many brands are trying to create their monopolies by producing attractive yet superbly expensive clothes, on contrary to which the company is providingfashionableclotheswhicharesustainableyet inexpensive,whichmeansconsumerscanpurchaseitwithout feeling guilty.
Attractiveness of the industrySustainable fashion is being considered by many big and small brands, several big fashion icons have mentioned the importance of sustainable purchase, and have insisted to make better choices whilemakinganypurchase,asthetopicofenvironment sustainabilitycan’tbeignoredmanycustomersareattracted towards the industry of sustainable clothing which do not promotes fast fashion and is helping many small businesses to grow similar to our brand. Sustainable clothing is a new concept yet it is getting the attention of many and has been beneficial for the industry including the company.
Vision of the business The vision of the brand is to create a market place for the company which represents the value that they are serving, the motive is to provide sustainable clothing and at reasonable pricing unlikely to the otherbrandswhicharelootingthecustomersinthenameof sustainability. Making the consumers aware of the consequences that are taking place because of the unsustainable clothing trends and the repercussions the environment is facing. Sustainable fashion industry is just a part of the whole fashion era that is emerging an changing the ideologies of many.
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Conclusion This report aimed on providing the wholesome view on how a business was developed by an entrepreneur’s idea and created an enterprise while handling all the possibilities of the competitive market. The report covered the motivation behind the development of the business, the process that the company went through to create the business structure and establishing it, the feasibility studies that has been conducted to analyse the market opportunities for the company
ReferencesBooks and Journals: ï‚–Choi, T.M., Cai, Y.J. and Shen, B., 2018. Sustainable fashion supply chain management: A system of systems analysis. IEEE Transactions on Engineering Management, 66(4), pp.730-745. ï‚– ï‚–Choi, T.M. and Luo, S., 2019. Data quality challenges for sustainable fashionsupplychainoperationsinemergingmarkets:Rolesof blockchain, government sponsors and environment taxes. Transportation Research Part E: Logistics and Transportation Review, 131, pp.139-152.