This presentation is a business proposal for Unique Designer, a clothing business in the UK. It includes information about their vision, mission, short term and long term goals, STP and SWOT analysis.
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Table of Content Introduction Business overview Vision and Mission Long term and short term goals STP analysis SWOT analysis Conclusion References
INTRODUCTION Businessplanreferstodocumentwhichcontain information related to business including business activity, overview and their plan in order to attain their goals (Bacon and Tate, 2019). This plan provide direction to managers of company that how they needs perform all activity in business for attainment of goals of business.
Business overview Unique Designer is one of clothing business which is established in UK as goals of companyisprovideuniquedesignof clothingtotheircustomers(Chiappani, 2018).
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Vision and Mission Vision:Visionofcompanyistoincreasetheir product chain by providing variety of clothes and also wants to a be marketing leader. Mission:Mission of company is to expand their shareindifferentpartsofworldsandproviding designing clothes to make customers satisfied.
Short term and long term goals Short term goals: Increasing social media marketing of company in order to increase interaction with customers. Increasing sales of company and marketing share within 3 months. Hiring new employees who has excellent skills in designing of clothing range.
Short term and long term goals Long term goals: Expanding geographical segment of market of business. Overcome of competition in marketing by broadening range of products and service. Increasing profit share of company within 1 years.
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STP analysis STP analysis refers to a tool which helps to identifysegmentation,targetingand positioning of company (Cordeiro, 2020). It is a tool which helps to analyse different offeringandalsohelpstocommunicate benefit as well as value of group.
Segmentation Segmentation refers to a process of dividing totalmarketingintodifferentsmallgroups which has common needs and characteristics. With using market segmentation, business can target various consumer categories who can perceive values of products and service.
Targeting Targeting refers to process of focusing on a specific consumer group which helps organisation to effectively focusing on target market. Market is targeting on basis of reachability, size and profitability.
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Positioning Positioning refers to process of creating unique image for products andserviceofcompanyinmindsoftheirconsumer.Effective positioning helps to create unique positioning of products of company which differentiate them from their customers.
Competition Competition is one of factors which create threat for business by reducing marketing share and profitofcompany(Deligeorgiou,2018). Competitorsareadoptingdifferentmarketing strategy in their organisation in order to attract more and more customers.
SWOT analysis StrengthWeakness Unique designer is providing excellent quality of products in market which make their products different and increase satisfaction of customers (Mistry, 2019). Company is having their in house production which allow them to saves cost of their products and service as they are producing their products by their own. Company is producing customise products a per requirement of customers and serving both men and women. Unique designer needs to depend on new and trendy fashion trends which increase obsolete stock in their store as due to existence of new trend, company needs to put their old stock in sales. It increases cost of company. Company has limited suppliers in market of UK which increasing demand of their products which can affect their operation. OpportunityThreat There is increasing needs of trendy and fashionable clothes in UK which increase demand of products of Unique designer in market of UK as company is focusing on designing unique clothe for their customers as per latest trend. People are interested in buying quality products and service instead of focusing on prices which create demand of Unique designer as they are building excellent quality of their products. There is increasing competition in this industry as there are various marketing plater providing their service in market of UK including Asda, H&M, Mark and Spencer. Covid-19 is one of threat for business as due to which government is putting restriction over business by announcing lockdown in their country. Also due to which people are not preferring offline shopping and increasing demand of online shopping.
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CONCLUSION Fromabovementionedprojectreport,itcanbeconcludedthat businessplanreferstoadocumentwhichcontainallimportant information about business. It includes information related to mission, vision and overview of business as it provide clarity of products and service offered by company.
REFERENCES Bacon, K. and Tate, S., 2019. Preparing a Food Processing Business Plan. Chiappani, F., 2018. Startup, l'importanza strategica del business plan. Cordeiro,D.M.C.M.,2020.Edpconsultinglab:businessplansupportinganEdp ewallet(Doctoral dissertation). Deligeorgiou, A., 2018. Business plan and enterpreneurship. Mistry,E.B.,2019.ErudioEdTechConsultingBusinessPlan:AnOrganization Development-influenced Plan(Doctoral dissertation, The College of St. Scholastica).