Fashion Industry Dynamics: A Presentation on Porter's Five Forces

Verified

Added on  2023/03/31

|1
|389
|474
Presentation
AI Summary
This presentation provides an analysis of the fashion industry using Porter's Five Forces model, highlighting key elements such as competitive rivalry, threat of new entry, threat of substitutes, bargaining power of buyers, and bargaining power of suppliers. The analysis indicates that competitive rivalry is high due to numerous retailers, while the threat of new entry is low due to high capital investment requirements. The bargaining power of buyers is significant as they have multiple purchasing options, whereas the bargaining power of suppliers is relatively low, resulting in lower input prices. The presentation concludes that Porter's model is effective for understanding the dynamics within the fashion industry, enabling targeted customer engagement and improved performance. References to relevant academic sources are also included to support the analysis.
Document Page
POSTER PRESENTATION ON FASHION INDUSTRY
Fashion industry is globally operating through various elements such as brand, attributes and many other aspects. In this way,
fashion has been develops in term of furniture, clothing, accessories and many other elements.
Threat of new entry: In respect to perform function in fashion industry, it is
very low. This is because, it require high capital investment to operate function
and operations.
Threat of substitute: In the market, there is various other businesses operate
function and operation in fashion retail industry. In this way, threat of substitute
products is take place which create impact on performances and outcomes at
workplace.
Poster's five force model
This model comprise following element
which consist effective results on the
performances:
Competitive rivalry: This is the very high
in term of fashion industry. There are
large number of retailer take place who
operate same function and operations as
fashion industry.
Introduction
Fashion is the fastest growing
industry which signifies to develop performances
and results at workplace. it assist to develop
money and revenue through operating functions.
Now a day, it is growing very quickly through
development in trends and culture. It is
continuously change that make profitability in
outcomes and performances at workplace.
Bargaining power of buyer: In market bargaining power of buyer is high
because they can purchase products and services easily as per their
requirement and convenience. They have many alternatives options are
available in market to develop results in their satisfaction.
Bargaining power of supplier: There are very few suppliers in term of
fashion industry so that products that are manufactured in the market
relatively low to produce effective results at workplace. Hence, input
prices are low until global development is significantly achieve.
Conclusion
From the above analysis, it can be
concluded that porter model creates effective
results within the enterprise of fashion
industry. In this aspect, industry targeted
different types of customer in different
elements that assist to grow performances
and results effectively
REFERENCES
Grublješič, T. and Jaklič, J., 2014. Three dimensions of business intelligence systems use
behavior. International Journal of Enterprise Information Systems (IJEIS). 10(3). pp.62-76.
Srinivasan, L., Srinivasan, L. and Humes, M., 2017. Behavioral interviewing essentials (and why
you should care). Strategic HR Review. 16(2). pp.81-85.
Purvis, J., 2016. Human Resources Marketing and Recruiting: Essentials of Digital Recruiting.
Handbook of Human Resources Management.pp.53-71.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
chevron_up_icon
1 out of 1
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]