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Strategic Issues and Challenges Faced by H&M

   

Added on  2023-01-13

15 Pages1598 Words49 Views
Undergraduate Major
Project
1

Table of Contents
Question 1 Three strategic issues faced within the sector...........................................................3
Question 2 Three challenges faced by H&M..............................................................................4
Question 3 Three solutions to address or overcome challenges..................................................7
Question 4 How H&M can implement one solution.................................................................10
REFERENCES..............................................................................................................................15
2

Question 1 Three strategic issues faced within the sector
Poin
t
Strategic Issues Evidence (financial, reports, news etc.) Model(s)/
Theory(ies)
1 Sustainable
fashion
Research article In this nudge theory
is applicable as it is
related with
behavioral concept.
there is positive
reinforcement on
people which
influence their
behavior and
motives. thus, they
are able to make
effective and better
decisions (Dillon,
2018). Moreover,
freedom of choice is
restricted as there
are few options For
instance- allowing
people to protect
and save
environment by
wearing sustainable
clothes. This brings
change in trends.
2 Social issue Research article In this type of issue,
usually ethical
theory is applicable
3

as it is related with
ethics of people and
decision making
within community.
3 Environmental
issue
Research article The stakeholder
model is applied
here which is related
to CSR policies. this
adhere organizations
to protect
environment by
following various
CSR practices. in
this stakeholders are
investors, suppliers,
government, etc.
(Kimenyi and
Wieland, 2019) It
ensure sustainability
within society for
long term business
growth.
Question 2 Three challenges faced by H&M
Poin
t
Challenges Evidence (financial, reports, news etc.) Model(s)/
Theory(ies)
4

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