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Company analysis of hsbc

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HSBC is among the greatest banking and financial corporation on the planet, headquartered in London. HSBC’s overseas network comprises around 8,000 offices in 87 countries and territories in Europe, the Asia-Pacific place, the Americas, the center East and Africa. HSBC was proven in the year 1865 to finance the growing trade between Europe, India and China. With a distinct approach than the organizations who used to acquire well established companies, HSBC Bank focused on standardizing its brand worth. The encouragement and buoyancy of HSBC is due to its global reputation within the paradox reflected by its slogan ‘the world’s local bank’, Haig (2004).

With listings on the London, Hong Kong, NY, Paris and Bermuda stock exchanges, HSBC features around 220,000 shareholders in 119 countries and territories and are traded on the New York STOCK MARKET in the type of American Depositary Receipts. Through an international network linked by advanced technology, incorporating a speedily growing e-commerce capacity, HSBC provides a broad range of financial services such as for example personal financial, professional, corporate, Investment and non-public banking. (Source : www.hsbc.com).

PESTLE Research of HSBC Groups

Figure 2. Pestle Evaluation Diagram

Political factors:

HSBC has its procedure in various countries and therefore needs to responds to the political system of the united states in which it really is operating.

There are specific political elements that could can be found in the way of the progress of the organization globally. For e.g if HSBC starts a fresh operation in a fresh country it cannot perform it under its banner, but needs to start out it in collaboration with some other smaller organization.

Furthermore, as an organization HSBC strictly complies to the government laws of tax legislations and pays the taxes on frequent and timely manner. Among the main political factors considered by HSBC happen to be is the stability of the united states, in which it is operating, the organization also takes into account the threat, quality, secureness and liberty of the legal program.

Economic factors:

The reality the HSBC is probably the world’s largest banking and financial group also includes inherent threats and uncertainties. The organization growth depends upon the major economic factors just like the fluctuations in the forex prices and the unpredictable condition of the volatile inventory markets worldwide.

The other economic factors will be the changes in the federal government exchange costs , the volatility in the interest levels incorporating in Asia and South Africa , continuing or deepening recessions and job fluctuations. (Annual article HSBC, 2009)

Social Factors :

HSBC has been and is normally contributing a lot socially. HSBC features partnered with major charitable organizations world-large and contributes monetarily to support them.

Stephen Green the chairman of the HSBC Holdings plc quotes in one of the articles or blog posts that HSBC focuses on their investment in network, education and the surroundings as they strongly assume that these basic things lead to the entire development of the community.

The organization runs several program’s and campaigns globally for the upliftment of the kids https://testmyprep.com/lesson/lets-learn-how-to-write-a-summary-paper which include : Future First of all, HSBC’s rural children course and many alternative activities for the betterment of the society making them what they happen to be ‘the worlds local lender’ (facts at HSBC.com)

Legislation or legal factors: The legal factors including change in international ownership and personal bankruptcy legislation in the prime markets in which HSBC operates includes a direct affect on the global together with local businesses of the group. (annual report HSBC, 2009)

Technological factors:

Despite being an company which uses Hi-Technology, HSBC has been a victim of various online frauds. Since technology takes on a essential role within the economic organizations and the institutions need to be equipped with up-to-date services and info interpretation.

As with other economical organizations and banking institutions HSBC group has also faced various challenges in the recent past and one which was the most controversial, belonged to HSBC technical management easy tips on how to write a reaction paper. There’s been a certain amount of customer loyalty in building what we realize as ‘HSBC’ today, but following the sensitive data reduction, and by the carelessness of the technical teams of HSBC resulted the organization in losing a lot of their customer’s to other banks.

The operational weakness and the error resulted in a leakage of sensitive customer data, which violated the data protection laws, although the info that was lost didn’t bring disastrous effect on the functioning of the organization, but it definitely did have a negative influence on the belief of the clients.

HSBC has outsourced its technology and contact center’s to Asian countries like, India, China, Malaysia, Philippines etc., and the European and American customer’s are getting rid of their faith in the bank as this is restricting the human being empowerment and procedures which further decreases the trust and faith from the devoted clients in handling their cash.

Environmental factors:

HSBC provides been actively contributing the environment. It features partnered with the Earth watch institute where the organization sends its employees to various countries to understand, understand and distributed the awareness about the environment. The organization can be thinking about conserving electricity by preventing the misuse and misuse of electrical equipment. In the twelve-monthly report of HSBC Holding plc its brought up that HSBC has got contributed to the earth largely, just by following the ideal practice of switching off the computers and lights when they are not used.

In order to manage the environmental risks all over the world for sustainable alternatives and maximizing the opportunities for growth of the business there are other main initiatives used by HSBC Group. HSBC was the first financial and service group to be carbon neutral in the entire year 2005 and following the announcement they collaborated with the Newcastle University and the University of East Anglia (UEA) because of their ‘HSBC Partnership in Environmental Advancement’ software and with a whooping budget of £650,000 for 3 years.

The organization is focused on protect the environment because they believe that it really is essential for the prosperity of the culture and also for the sound overall economy on which the business enterprise depends.

Legal Factors:

There are various legal factors effecting the external operating environment of HSBC. There are several fixed regulations set by the government which the organization needs to abide with and failing to conduct within those legal norms may result in legal proceeding against the group.

2) Porter’s Gemstone of National Advantage

Porter’s Diamond of countrywide competitive advantage targets four primary variables i.e. the type of house demand, of national and created issue endowments, of inter-firm rivalry, and of related and supporting industries and two which impact these, chance and government (Safarian, A.E., 1993). Michael E. Porter applied a gemstone shaped diagram as the foundation of a framework to illustrate the determinants of countrywide advantage. This gemstone represents the national performing field that countries establish for his or her industries and organizations.

Porter’s Gemstone of National Advantage

SWOT Research of HSBC Group:C:\Documents and Adjustments\u0975223\Desktop\untitled.JPG

Strengths:

HSBC may be the global innovator in International Financing, the organisations foreign network comprises around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific area, the Americas, the Middle East and Africa. That makes it one of the world’s largest and most profitable financial agencies which operates through more developed businesses and gained manufacturer reputation with the global development benefits. The organizations aspect of business is various as it operates in various fields such as for example financial services, professional and corporate banking, Purchase banking, personal financial products and services and various other streams. HSBC has a global presence, plus they have got the potential to focus on the needs and requirements of various customers across the globe.

HSBC emerged as the Europe’s biggest bank with regards to its lending property and industry capitalization. In the entire year 2002 the organization launched a ‘branding’ campaign to differentiate its manufacturer from those of its rivals by describing the initial features, which distinguish HSBC, summarized by the words ‘The world’s local lender’. Brand image is among the most crucial components, which create value for the organization. The organizations ‘Brand Photograph’ is among its biggest possessions and HSBC possesses been quite effective in keeping its customer’s ‘brand faithful’ by proving in every single country of their procedure they are truly the ‘Worlds Area Bank’.

The organizations and industries worldwide are recognized by their brands and their brand name must depict the companies and industries clearly in front of the global mass. HSBC

features over 140 years of encounter in China, which as well helps to build-up the trust of the customer’s, which makes it among the oldest banks on earth. (www.hsbc.com).

Weaknesses :

HSBC acquired few banking institutions all over the world to make a global leap to mention a few had been, Hong Kong Lender of Canada, British Lender of the Middle East, HSBC Banco Roberts etc., were obtained by the organisation long again, however, none of these banking institutions, before 1998, carried the HSBC logo. When the titles and logos of most these banks were improved to HSBC, the clients felt that the organisation has recently acquired the banks, even so, the truth was that it has been operating under the HSBC Groupings for a quite some time, which was regarded as a wrong move by many business men.

HSBC became a victim of an operational info theft by a worker despite being a reputed banking corporation which uses hi-technology, it had been announced in March 2010 that about 1500 Swiss exclusive banking accounts had been compromised and some part of it were found in the hands of French taxes authorities (source: www.reuter.com). It had turn into a major issue to convince the bank’s loyal consumers to have their trust in HSBC and also to keep their cash with them.

Furthermore, HSBC has been facing multiple problems worldwide with the retention of theirs personnel in the key areas of their business. The business suffered huge losses because of high attrition price among the skilled employees. The issue determined by many was corruption in the top control and pay related problems. Majority of people believed that the reason for them to give up was that the organization had decided to cut down on their benefit for the year ahead in order to reduce the cost and boost margin of reserves. The employees felt that they are the earliest victim of the firms latest mantra of ‘Lean Mean and Hungry’ and employed in the ‘Leanest way practical’. (source www.ebsco.com)

Opportunities:

HSBC’s greatest option is its further expansion. The organisation can further grow globally and will strive on continuing to become "the worlds local bank". Within the last few years HSBC provides been actively involved with mergers and acquisitions to improve make their global occurrence and increase their business worth. The great decision of earning a leap to the emerging countries within Asia-Pacific region and the center East has proved to be flawless and has increased the profit margin of the united states leaps and bounds. The HSBC Group had set their step in the emerging markets in 2008 plus they obtained 88.89% of Indonesia’s largest commercial bank referred to as the Bank Ekonomi, in addition they acquired other banks in a few other countries such as in Vietnam and Philippines. The Group has been involved in various alliances and considering organization in different geographical locations.

Studying the market HSBC lowered the mortgages interest rate with low deposits in view of increasing the income and market share for HSBC along with revive the fallen home loan market. In order to do hence HSBC introduced lower interest rates at lower deposits on mortgages so that you can increase the mortgage lending. They offered mortgage for 90% of the property value that was highly competitive in comparison to the competing banks such as Royal Bank of Scotland, Yorkshire Setting up Society, Lloyds TSB Bank etc. HSBC’s presents for very adaptable mortgages made them very competitive which should raise the bank’s profitability.

The HSBC bank is also keen on diversifying it services and products, such as its providing hedge cash to businesses. EBSCO, HSBC (2008, 2009)

Threats:

A significant threats that HSBC faces is usually in establishing itself and sustaining in the brand new countries despite the huge cultural differences according to the customer’s demand and its operational environment within the brand new country. HSBC will has been and you will be facing many such concerns and they have to identify the danger and try to maintain their image to be the ‘World’s Local Lender’. The other danger that HSBC is normally facing currently is in regards to their online banking provider. The online banking support of HSBC is usually of high criteria and is promoted by them as one of the most safest packages to bank online, on the other hand, as every other system has, the online bank operating system of HSBC too have a few drawbacks to it and because of the other security issues including the theft of organizational information, in 2008, the pc servers of HSBC had been reportedly hacked which resulted in a loss of transactional data of practically 159,000 accounts. These incidences reduced the customer’s confidence and they start losing their faith in the business. The other issues about the increased number of identification theft and frauds in UK have also contributed to the increased loss of confidence among the clients.

It offers been outlined that recession to enter the market as a result of US and UK spending habits. The recession hit the market as people bought unnecessary items for unnecessary people that to in credit rating from banks, which they were unable to pay for. HSBC can be suffering very weak market of mortgage loan in US with inventories of unsold homes remaining excessive and residential construction actions continued to stay weak in periods of 2007. The lender is also facing concerns in raising finance from the commercial personal debt markets in the US and other regions as a result of recession, which has decreased the liquidity of the firm in those markets. (www.Ebsco.com)

HSBC is involved in regulatory gain access to across geographies that could impact on its strategy, overall performance and growth . HSBC is a global organization and has firm recognition and occurrence across several geographies, However monetary conditions in a number of geographies continues to be weak and may damage development. (article on ebscohost.com)

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Company analysis for Zara

Written by summer on . Posted in article

Company analysis for Zara

Strengths

“Zara is an extremely powerful company and influential in overseas marketplaces as America, Asia, Europe and Africa” (relating to article Best Global Brands 2010, 14 Sep 2010).”Zara needs 14 days to design a fresh product and to bring in stores by meeting costumers choices, meantime its competitors will need 6-8weeks”(chapter11-The technique of international organization). Competitive benefit of Zara is basically because didn’t transfer all production to low priced countries, but kept the majority of them in Spain and Portugal where wages will be lower than Western Europe. With this, it cuts delivery costs, and has more flexibility to reply the consumer’s demands for new products in quick way because of location than its competitors which have factories in low priced countries. Regarding to a declaration by Louis Vuitton Zara is “Possibly the most progressive and devastating retailer on the globe”. The company applied “Instant Fashion” so that you can meet costumer’s demands by new annoted bibliography styles and new tendencies in making and distribution, likewise by keeping rates low. “Zara used group of designers rather than individuals in comparison with GAP, H&M and others. Zara’s shops are company research proposal topic ideas owned, in fact it is vertically integrated retailer. It can designs, creation and distribution by itself and controls everything. In comparison with competitors it doesn’t promote its designs via fashion shows, but is delivering they direct to costumers through the retailers to understand their need, that’s why the business doesn’t do advertising and marketing” (article-the Secret of Zara’s Success, Retail store Magazine, fall 2004).

Another advantage is that the company has one of many highest amounts of products on the planet that produces annually 11.000 and its own key opponents 2000-4000.”The business keep low inventory in inventory because each new product is supposed to be distributed within 10 days, if not is replaced after 14 days. By this measure the company keeps low priced of inventory. Every shop in Spain is meant to be visited typically three times a year, but Zara 17 times”(according to document Zara a Spanish Success History, CNN, 15 June 2001).

Also this year the business will enter Australian marketplace. “The company includes a core concept in information technology to aid its international logistics program and online selling where return and exchange is the same as the retail outlet system”(Wikipedia). Also in some location people can purchase Zara products by IPod, I Phone request. “Zara model have significantly more flexibility in production sales, and stock management and its own store’s managers report again every day to designers in La Coruna for markets which shows a good coordination between departments so as to satisfy costumer’s needs”(Zara website).

“Zara is component of Spanish group Inditex is usually expanded worldwide in 77 countries with 5000 stores. Net Income was increased by 42% for the first 9 weeks of 2010 and talk about selling price 57.60 euro” (Inditex Group). The company has Strong marriage between wholesalers, stores, supervision and costumers. Also, the utilization of the highest quality of products for clothing.” Zara revenue for 2009 was 7.071 billion Euros and operating revenue is 15% higher than H&M and GAP, but working capital is the lowest”(Wikipedia).

Weaknesses

Zara is one of the largest clothing retailers on earth and this can cause its weakness in several elements of business, and is also difficult to control.” The company is global but has occurrence in 77 countries” (Wikipedia).Also “Zara’s greatest gain lies in its ability to provide the most interesting cutting-edge products, risk free. Normally the more cutting edge the design, the greatest the risk. Clothes do not always last prolonged” (Zara 2.0- Vogue index.com). Zara includes a reputation for new style product development and imagination, but is the risk that their innovation may stumble in future. Costs to do business with Albanian shops, while the Zara is positioned in La Coruna Spain. Although ZARA includes a successful business model it also have some weaknesses which could limit its scalability and ambitious development.

“ZARA constitutes around 80% of Inditex business (8 companies) which means failing in ZARA can put the complete group at a risk” (Inditex group).

Advertisement is becoming an essential part of the organization and it reflects directly to the sales. “Zara’s in-store advertisement version may not work in the years ahead” (Zara). Another weakness for the business in Albanian marketplace is that, the majority of people are low income and may be difficult for the Zara to keep the growth.

Opportunities

“Merge with Inditex group has generated more possibilities to purchase emerging markets” (Wikipedia).

“Zara stores are situated in 77 countries and so are lot of opportunities to get and expanding the marketplace as in India and China” (Inditex). Albania is usually a good opportunity for the business to open shops because people like high fashion brands. New location and shops offer the company options to exploit market expansion.

Grow into new marketplaces/consumer segments Albanian Customer Taste

Albanian consumer viewpoint ZARA as fashionable property. If ZARA needs to grow in Albanian it needs to address especially the Albanian needs and perception of style.

Threats

The major threats are its competitors as H&M, GAP and Benetton and latest entries in market that are looking to recapitalize their income in new markets as Albanian. Rising development cost due to labor and recycleables. As economic crisis is striking back again costumers are trended to invest less.

Imitation of company’s logo design by people that do not have permission to use it.

- Upsurge in Euro Rate

An upsurge in Euro rate will improve the consumer selling price, consequently Zara will eventually lose price advantages against relative competition outsourcing in Albanian lek.

Zara revenue are increasing 25% in the last 5 years it has become among the world’s most effective growing retailers, and keep this growth must invest in emerging markets.

“Zara strategy is development through diversification with both horizontal and vertical integration, and brings brand-new fashion” (Zara website). The company controls all distribution stations, and invests a lot in Real Estate business to be able to buy prime spots for new retailers. This risk for Zara because its net cash flow is less than its competitors.

“Although ZARA includes a successful business model it also has some weaknesses which could limit its ambitious expansion, Inditex over dependence on ZARA” (Wikipedia)

Zara’s business model is situated by bringing new patterns models in industry every two weeks. For countries like Albania, where people are less fashion forwards, it can be a problem for Zara to maintain its occurrence. Other threat for the company in Albania is the politic stability that’s still fragile due to disagreements between two key political forces. Petrol prices are very expensive in comparison to other countries and will affect the price tag on products by increasing their

prices.

Situational Analysis (TOWS)

Weaknesses and Threats (WTH)

“The weaknesses of Zara is usually to be component of Inditex group which has 8 corporations and means failure of 1 of them can set Zara at a risk too”(Inditex group). The company has to locate a strategy so as to overcome weaknesses and produced them into strengths. As you discover from the chart the path shows the strength- option position (so). The technique is to reduce the competitive risk by developing in industry flexible new designs in order to meet costumer’s preferences promptly.

Weaknesses Opportunities (WO)

Another weakness of Zara is usually raising development costs in Spain and Portugal with intro of Euro in 2002. Products became more expensive for export. To get over this Zara began to invest globally and innovative mergers to keep rates down as its competition. If Zara enters in Albanian marketplaces, it doesn’t have knowledge with Albanian laws and regulations and their way of life for clothing but could conquer those barriers by creating franchise with native partners.

Strengths Threats (ST)

One of the greatest threats to Zara may be the continuing an appreciation of the Euro against other currencies this means higher prices for the buyer and less competitive position. To lessen threats of competition and exchange charge Zara has generated factories in North Africa and emerging marketplaces. Economic crisis that started in 2008 and still continues on has obliged costumers to spend less on clothing things, and the business must bring new styles with affordable prices in order to handle this situation.

Strengths Opportunities (SO)

In order to be a successful retailer Zara has to build on its strengths and to take advantage of opportunities through the use of its R&D. It earns market every year 11.000 new products more than its opponents which evident by its progress rate by 25% each year. To keep that growth rate Zara is investing its profits to get new real estate location, technologies and also to open new crops in low costs countries.

Internal strengths

1) Good R&d and designers.

2) Strong revenue and global network.

3) Efficient products.

Internal Weaknesses

1) Solid reliance in Europe.

2) Increasing costs in Spain because of Euro.

3) No knowledge with Albanian laws.

External opportunities-O

1) Growing market demands for fashion.

2) Will open fresh retailers in Australia in 2011.

3) Low costs items to cope the competition.

SO- Strategies

1) To build up and produce new models with different prices.

2) To go global by using its R&D and capital.

3) Increase efficiency through the use of new technologies in development.

WO- Strategies

1) To develop existing products for several price model.

2) To handle rising costs in Spain and Portugal because they build new plants and retailers in emerging markets.

3) In which to stay touch with new technologies.

Threats-T

1) Exchange fee risk, devaluation of euro with regards to other currencies.

2) Competition from H&M, GAP, Benetton act.

3)Economic crisis

ST-Strategies

1) To reduce the effect of exchange rate by building plants in countries outside the euro area.

2) Meet up with competition with advanced designs.

3) Bring new models in marketplace with lower prices.

WT-strategies

1) Overcome weaknesses by producing them strengths.

2) Reduce risk of competition by developing adaptable product lines.

3) Take part in joint operation with other firms.TOWS Matrix for Zara

Marketing Strategy

Zara marketing strategy for Albanian market includes the consumption of targeted print media advertising and marketing and direct offering to Tirana and Durres spot. The company will also use an online site to keep costumers in touch with new designs also to sell products online. To become successful as a new Zara retail outlet in Albanian market we must beef up our relationship with corporate headquarters. Also we need to put our franchise constantly in place to provide the best quality of garments in Albania marketplace by bringing new company and new designs. Our online marketing strategy is to talk this to our customers and to create a good romance with them.

Target Markets

The potential consumers for Zara are:

Albanian costumers of Zara products: Market research suggests that there are approximately 50% of populations which will be trended by vogue. All goods for our franchise that would be in a position to handle the quantities of Zara’s shipments and are in their target market.

Inditex group wholesalers: The forex market serves as a basic safety for our import organization. By maintaining relationships with Spanish wholesalers we’ve an alternative solution market with proven distribution channels.

As Zara movements in Albanian market have to be more aggressive so that you can target this audience.

Positioning

Zara will job as the top quality quality manner distributor in Albanian industry. “Zara is only going to sell the best quality of designs and recognizing that fashion is a commodity. The business will leverage their competitive edges to achieve the preferred positioning” (Inditex group).

We have established human relationships with Zara, and Inditex group, to be able to sustain our competitive advantage. Our franchise provides received affirmation of the demand for his or her product in the type of requests from Zara for bigger product shipments.

Our models will be superior as a result of the larger ordinary size of the Zara items 11.000 a calendar year and low price and shipping expense will be less because Albanian industry is too close from Spain.

Strategies

The single aim is to put Zara in our marketplace as the premier in fashion field, and also to create customer awareness in connection with designs offered, and to build good romantic relationship to costumers to be able to have their loyalty.

The message our retailer seeks to communicate is usually that our name is synonymous with the best quality Zara designs obtainable in Albanian market. This communication will get communicated through a variety of methods. The first method will be the utilization of printed sales materials. The material will detail most of the different products that Zara sells.

Another method of conversation is through the creation of strategic relationships with buyers and sellers of our (Zara) goods. As we are aware a nice communicative relationships with our clients is vital for our business. Our franchise will also use advertisements, in TV, radio, papers, magazine and Email to increase brand awareness.

The utilization of the website allows different persons around Albania to view a lot of data regarding Zara’s products inside our store, their production strategies, and other information.

Marketing Mix

Marketing mix is comprised of the following methods to pricing and distribution, advertising and advertising and costumer’s service.

The product can be distributed throughout the Tirana and Durres location. Several different methods will be utilized for advertising and promotions; we use the same advertising methods as I intended it above.

With regard to promotion we will offer you as discount value, rebate Zara credit cards and other methods to keep loyal customers also to get new ones. Customer service is our priority to be able to build good marriage with them.