Zara Essay Example | Topics and Well Written Essays - 1000 words

Zara - Essay Examplend name of Zara and maintaining quality in the bloodline mental process processes go forth cooperate the nerve to capitalize on more potential business opportunities. The giving medication should not consider focus system as it is important for the organic law to focus on wide-eyed commercialise segment. It will inspection and repair the transcription to gain more militant advantages. Grand dodge The organization should also try to adopt and implement grand strategy in the business operation process in order to enhance decision making and strategy development process to intend effective long term plans from several available alternatives. This grand strategy mountain be class into four major strategies, such as growth strategy, stability strategy, retrenchment strategy and combination strategy. The solicitude of the organization should adopt and implement growth strategy as it is important for the organization to achieve shape up growth. It is tru e that emergence of new entrants and adoption of online business activities are creating real threat for Zara. In sum total to this, high labour cost is affecting the profit maximization aspect of Zara. Adoption of growth strategy will enhance the decision making and strategy development process of the organization. It is highly important for the organization to integrate online business operation process to achieve sustainable growth rate in this competitive industry. In addition to this, consideration of growth strategy in the decision making process will help the organization to adopt effective differentiation process that can influence the vigilance of the organization to enter different fast fashion and fashion accessories industry to secure more market sell and gain more potential competitive advantages. Functional Strategy Function strategy can be... The root word describes differentiation strategy which helped to develop the great brand - Zara. Zara already implemented p roduct differentiation strategy. The organization always tries to offer differentiated clothes to target customers. The organization does not target a particularise market segment. Differentiated products for the people of all ages and different cultural background are the major achievement mantra of Zara. The organization should differentiate its business operation in. Fashion and accessories market is highly demanding and achieving strong growth rate. The organization should not consider focus strategy as it is important for the organization to focus on broad market segment. In conclusion, the report says that slow inventory turnover and critical supply chain management process are the major weaknesses of Zara. Therefore, it is important for Zara to source or prepare limited inventories according to the market demand and requirement. Appropriate action and supply according to the current market demand will help the organization to increase the efficiency of its inventory turno ver. In addition to this, the organization should maintain short production cycle to reduce overall supply chain cost. High labour cost is another weakness of Zara. Therefore, it is important for the management of the organization to integrate automation in the business operation processes that can help to reduce the stress and pressure of the employees. High automation can improve business performance and can reduce the human resource management associated costs.