ZARA case by https://padlet.com/maryammathers/61zjvxeri6gkf4wq en-us 2022-03-22 22:24:02 UTC 2022-03-23 06:34:07 UTC hello@padlet.com Identify Zara's key resources and core competencies. https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109083258 Stores. 
Employees.
Designers.
Physical products
Brand is a key resource

time to market
ability to identify customer preferences
supply chain and logistics
manufacturing 
smaller batches avoid the risk of fashion miss]]> 2022-03-23 06:17:19 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109083258 Assess the key external risk factors that ultimately translate to financial risk in the fashion apparel industry. https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109087122 Global transport costs
Things that affect shipping.
Change in oil prices. 
Recession - affects consumer spending. 
Shops being closed for long periods of time.
Increase in commercial rent on buildings
Fast changing fashion industry. Need a fast manufacturer 
shifting customer behaviours ]]> 2022-03-23 06:20:38 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109087122 Identify the key business metrics that Zara must manage in order to mitigate these risks in their business. https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109089964 Stock ratio and margins 
Staff turnover
Technology innovation ]]> 2022-03-23 06:22:55 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109089964 Based on your reading and understanding of the Zara Case, define the business Zara is in, and draw the company's business model. https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109091778 Women's Fashion Industry
Bags, Perfume, swimwear, accessories etc. 
Zara's business model is based keeping up with fast changing fashion trends.]]> 2022-03-23 06:24:36 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109091778 Question 1 https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109093653 Core Competencies:
- ability to produce products within 10-15 days (from beginning to end of process)
- affordability (however less quality)
- exclusiveness (limited supply - once sold out they don't re-make) 
- fast fashion (keeping up with customer trends and seasons)
- store layout (most efficient layout)

Key Resources:
- many high-end stores opened in fashion districts (customer reach) 
- supply chain and product manufacturing


]]> 2022-03-23 06:26:15 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109093653 Question 2 https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109096581 - rapidly changing fashion trends and preferences
- producing and material costs and availability/accessibility
- covid impacts (online website is famous for being difficult to use)
- low quality products = non returning customers]]> 2022-03-23 06:28:53 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109096581 Question 3 https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109099292 - technology innovation and advancements
- quality assurance of products
- better advertising strategies
- competitor stores and companies]]> 2022-03-23 06:31:23 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109099292 Question 4 https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109102507 -  Womens, Mens, Childrens clothing
- Shoes
- Fragrance
- Accessories

They aim to provide affordable and fashionable products to people of all genders and ages to increase customer reach by positioning their stores in fashion districts and having fast turnover on the production and design process at low business and marketing costs]]> 2022-03-23 06:34:07 UTC https://padlet.com/maryammathers/61zjvxeri6gkf4wq/wish/2109102507