Fashion industry management Essay Example | Topics and Well Written Essays - 2500 words

Fashion industriousness management - Essay ExampleAccording to the research findings it outhouse therefore be comprehended that the mien intentness is fast moving and extremely trendy. Working in a fashion company requires ane to keep up with fashion trends and to be open about adapting with fashion services and products. An advantage in working with a fashion company is that there is no need to get tied up with a single product for a long time because it is possible to change offerings on a frequent basis. Such circumstances create the necessity to remain open about newborn fashions and trends. It is upright to establish link with fashion professionals such as models, affableites, trend setters, stylists and designers. This helps a great deal in establishing good relations with manufacturers and distributors of fashion products, but the specific relationship depends upon the kind of cable that is being considered. It is weighty for fashion companies to organize fashion shows to attract attention to the business, in addition to hiring publicists and event planners to make the events successful. In view of the extensive competition in the fashion industry it is better to keep finding new ways to reduce costs. Pricing policy should be adopted whereby the consumer gets value for his m oney. In addition to complying with these processes, one must keep a close tab on the budget as provided for in the business plans. Fashion is a wide term that includes products or markets characteristically encompassing elements of style that tend to be short lived. Fashion markets mostly exhibit certain characteristics such as short life cycles, steep volatility, low predictability and high impulsive purchases. Fashion products atomic number 18 typically transient because they are designed for capturing the bodily fluid of people during any given period. Therefore, the period in which a fashion product is sold go away mostly be ephemeral a few months or weeks. The deman d for fashion products are seldom stable and are prone to be impacted by the vagaries of weather or the actions of sports personalities or toss off stars. It is extremely difficult to forecast the demand of fashion products because of the given unpredictability. Most purchase decisions for fashion products are made on impulse at the points of sale because consumers are motivated to buy the product besides after seeing what varieties and items are available. The fashion industry is also known as the Rag shell out because the involvement of designer clothes and high fashion creates difficult and competitive market conditions. The business purlieu is characterized with constant change as fashions and trends keep coming and going. The working of a fashion company can be bifurcated into four distinct sections retailing, wholesaling, manufacturing and designing. But all these functions complement each other, which clearly fail that the industry is more about information than just clo thing and design. In this industry, people are compulsory to make a place for themselves in a social environment and to associate with specific social groups. It is recognized that fashion products are a means of communication and make statements about the individual wearable them, in identifying him or her with a specific group. Changing fashions demonstrate the working of a dynamic administration and such changes are irregular and vary with circumstances. There are times when people in the industry experience a literal chaos in terms of the mixture of fashions that may exist at one time and then suddenly a new emergent style replaces them, thus qualification it imperative for the fashion company to change its strategies and goals. Under these circumstances, I realized that it is better to ignore