Premium Essay


In: Business and Management

Submitted By Yellowone
Words 1670
Pages 7
Nowadays, there are a variety of businesses and business strategies; some of them survive among the intense competition, some of them bow out of their respective industries. In order to compete, the business has to find the best ways to adapt in their industry. For example, Porter’s model and the five forces help gage how businesses should adapt. These forces affect the value chain and the generic strategies that help build the framework that can help the businesses know their position and their competitors’ position to make a strategic plan for the business. ZARA is the world largest clothing retailer operating in 86 countries ("INDITEX Group - Zara", n.d.). ZARA was founded by Amancio Ortega in 1975 ("ZARA - Spanish Fashion's First International Company | don Quijote", n.d.)
ZARA had their first store in La Coruña, Spain, which is now the currentmain headquarter.
The success of ZARA is a very interesting story so in this paper the discussion will be over ZARA’s position and its competitors’ position by applying Porter’s Five Forces. Another focus will be the generic strategy and value chain.

Lasitaporn Kraikruan
Porter’s Five Forces Porter’s Five Forces are tools that can help a business understand their business position, current competitive position, and its profitability level by considering the tension of 5 forces: Bargaining of suppliers, bargaining of buyers, threat of new entrants, threat of substitute products or services, rivalry among existing competitors. It also implies whether an industry is attractive or unattractive. Porter’s Five Forces in ZARA are the following:
Bargaining power of suppliers: The power of suppliers can drive the price up of raw materials, if there are few suppliers in the market. Low availability to access materials and a high switching cost to another supplier can also drive the...

Similar Documents

Premium Essay


...ZARA: The Technology Giant of the Fashion World ZARA:ZARA is one of the largest international fashion companies. It belongs to Inditex, one of the world’s largest distribution groups. The customer is at the heart of our unique business model, which includes design, production, distribution and sales through our extensive retail network. 1.As completely as possible, sketch the supply chain for ZARA from raw materials to consumer purchase. Speed of the supply chain ZARA top speed of response, whether it is to take quick, small, a variety of marketing model, or efforts to reduce reaction time, are inseparable from their efficient and integrated supply chain, supply chain, also created the ZARA ZARA supply chain includes fashion design,procurement of raw materials and garment production, logistics clothing and apparel sales and information management 1) clothing design ZARA fashion designers are basically 25-year-old young man, can not be compared with the premium brand fashion world's top designers. ZARA but very good to avoid this, their costume design is based on imitation than most clothing companies keen on the original design, the designer's task is not to the original design, but to capture the moment the most popular fashion element. to interpret these elements in their own way, and then reassembled into their ZARA products thematic series. (2) procurement of raw materials and garment production With the practice of other clothing companies, ZARA, the majority of......

Words: 1500 - Pages: 6

Free Essay

Wwjlk.N .Snec W Erwelrcewimrcwer

...EMI Issues in Modern Power Electronic Systems Firuz Zare, Queensland University of Technology, Brisbane, QLD, Australia, Email: Abstract—Electromagnetic compatibility of power electronic systems becomes an engineering discipline and it should be considered at the beginning stage of a design. Thus, a power electronics design becomes more complex and challenging and it requires a good communication between EMI and Power electronics experts. Three major issues in designing a power electronic system are Losses, EMI and Harmonics. These issues affect system cost, size, efficiency and quality and it is a tradeoff between these factors when we design a power converter. Main aims in modern power electronic systems are to deliver the power with maximum efficiency, minimum cost and weight in an integrated circuit. Power electronics has a significant role in different industries when power processing is required such as in computers, telecommunications, motor drives, cars and alternative energy systems. In general, circuit elements in most electrical systems are resistors, capacitors, magnetic elements and transistors as shown in Fig. 2. Some of these components may be used in low or high power systems. In most electronic circuits in which efficiency is not a main concern, circuit elements consist of resistors, capacitors and transistors. It is difficult to include magnetic elements into integrated circuits as they are large in size compared to capacitors and resistors...

Words: 2896 - Pages: 12

Premium Essay

Forensic Accounting in Practice

...1 Running Head: FORENSIC ACCOUNTING IN PRACTICE Forensic Accounting in Practice Marc Fantone Strayer University Dr. Etta Steed November 17, 2013 Accounting, historically, has been a profession of number tracking, ledger updating and balance sheet reviewing; however, more recently, the need for a skeptical view of accounting business records has developed. In recent years, scandals such as Enron and Bernie Madoff have called for immediate action and needs of forensic accountants with a change in oversight to investigation. According to Zare, “Forensic accounting is unique in that it combines accounting with investigation. These bloodhounds as opposed to the watchdogs that are auditors attempt to sniff out fraudulent transactions from the financial records of banks and companies.” (Zare, 2013) By definition, forensic can be defined as “relating to, used in, or suitable to a court of law.” (Merriam-Webster, 2013) How can this increased level of accounting review and accuracy develop into a role that supports litigation and laws such as the Sarbanes-Oxley Act? The level of forensic accounting has led to the development and thought processes of what it actually means to be a forensic accountant. Five (5) Skills of a Forensic Accountant In addition to the basic functionality of a standard accountant, there are additional skills that would be needed for forensic accounting. The skills needed for forensic accounting are associated with practices of the......

Words: 1695 - Pages: 7

Premium Essay

How Does Intra- and Interpersonal Perception (Understanding Yourself and Other People) Contribute to Individual Success Both at University and Later at Work?How Does Intra- and Interpersonal Perception (Understanding

...How does intra- and interpersonal perception (understanding yourself and other people) contribute to individual success both at university and later at work? An individual’s awareness and monitoring of themselves can enhance and improve one’s perception of reality, contributing to individual success; just as growing relationships with others and strong communication skills can in-turn contribute to the same individual success. This success can be achieved at an academic or organizational level, through an individual’s intrapersonal and interpersonal perception of themselves and the world around them. However, without strong intrapersonal dynamics, an individual cannot achieve an equally strong interpersonal perception with their community and the greater world. Strong intrapersonal perception begins with an individual’s self-assessment of what they know, so that they can improve their self-regulated learning skills and be successful (Bercher, 2012). Self-regulated learning is important as it allows an individual to assess and monitor themselves, proving to them their ability or inability to complete a task. This can be achieved through many tools and exercises. Bercher describes the use of a Student Self Assessment Sheet (SASS), which shows how an individual can achieve better learning through cognitive feedback, which usually occurs during the completion of a task. If feedback occurs during the accomplishment of a task, an individual can understand what went wrong and......

Words: 814 - Pages: 4

Premium Essay

Vine Mealybug Case Study

...(Metschnikoff, 1884 and Lord, 2005). At present, the world has about 60 commercial mycoinsecticides based on Metarhizium spp. (Faria and Wraight, 2007). Verticillium lecanii (Zimm.) is a well-known entomopathogenic fungus which can be effectively used against different insect pests. It has been known recorded to infect homopterous and coleopterous insect (Rimsa and Khalil 1982 and Khalil, et al. 1983) as well as orders collembolla, diptera, hemiptera, hymenoptera and Lepidoptera (Samsinakova and Kalalova, 1975 and Easwaramoorthy and Jayaraj, 1978). This study aims to investigate the susceptibility of P. ficus (Signoret) to the entomopathogenic fungi B.bassiana (Balsamo) Vuillemin, M. anisopilae (Metchnikoff) Sorokin and V. lecanii (Zimmermann) Zare et W. Gams. Materials and methods Insect rearing: The vine mealy bug was reared on pumpkins to obtain a culture throughout the period of work as method described by (Chacko et al. 1978). Pumpkins were selected and cleaned with water and wiped with cloth to get rid of dust. The ovisacs of the vine mealybugs obtained from infested grapevine plants, at Qena Governorate, were placed over pumpkin. The pumpkin was infested with vine mealybugs kept in a cylindrical plastic cage with 30cm diameter. Vine Mealybugs were left for 30-40 days on the infested pumpkin to be developed. The culture was maintained in the laboratory of the Plant Protection Department, Faculty of Agriculture, Assiut University. Source of fungi: Three species of......

Words: 1171 - Pages: 5

Premium Essay

Advantages Of Maglev Trains

...and designs.The likely audience of this paper is scientists, engineers and people, that are interested in the transport systems. The article has a very organized structure of arguments and understandable, not biased academic language. After comparing this article with the second source, it has not only technical view, but also illustrates the advantages of Maglev trains in the construction cost, dependence on the weather conditions, noise pollution,also summarize the general information about Maglev trains and shows the worldwide practical projects, statistics. The source will be used as an argument for technology and environmental parts in this research project. 2nd source Yaghoubi, Hamid, Nariman Barazi, Keyvan Kankeshan, Alireza Zare and Hossein Ghazanfari. 2011. ”Technical comparison of Maglev and Rail Rapid Transit Systems.” Paper presented at the 21st International Conference on Magnetically Levitated Systems and Linear Drives, Daejeon, Korea, October 10-13. Accessed December 28, 2017. Yaghoubi Hamid et al. (2011) analyse the technical side of Maglev trains and compare with HSR trains’ situation in “Technical comparison of Maglev and Rail Rapid Transit Systems.” The paper is current because the date of publication is 2011. The main author has 2 Ph.D. in the road and transportation engineering from university of Tehran and Iran university of Science and Technology. Also, he became the......

Words: 1064 - Pages: 5

Premium Essay

Al-Zahra Hospital Case Study

...Isfahan Kashani Hospital. Also, the present study showed that the Radiology, laboratory and ECG stations are patients waiting bottlenecks. Our data are consistent with the study of Tabibi et al.. Also, the results of this study are consistent with the research of Jabari et al., recognizing X-ray, electrocardiogram and laboratory stations as patient bottlenecks. While this study is different, compared to the study of Jabari et al., concerning the following two issues; first, their research was conducted before the establishment of the triage system in the ED of Al-Zahra Hospital. Secondly, waiting time was acquiredusing the stopwatch but in the present study, we conducted a retrospective study, to prevent the potential bias from biaspersonnel . Zare Mehrjardi et al. suggested few scenarios, in order to reduce patient stay time such as adding a Physician and a laboratory staffto the second shift and adding a laboratory staff to first shift. Salimi Fard et al. suggested adding a Nurse and 3 beds in order to reduce patient waiting time. In this study, solutions for Improving of ED situation of Isfahan Al -Zahra Hospital were proposed, using simulation methods,. The most favorable solution is the allocation of two persons as personnel for referring of patient to ward jointly for every two levels. ...

Words: 1159 - Pages: 5

Free Essay

Evidence of Prehistoric Bacterial Life Found from Mars

...Evidence of Prehistoric Bacterial Life found from Mars: I wonder if there are still any possible life-forms on Mars From the beginning of time, the universe has always been a mystery to mankind. We have been intrigued by the many wonders of the universe and as time elapsed, technology increased, and the minds of human beings have evolved, extraterrestrial life remains a recurring interest. The rising curiosity of extraterrestrial life has plagued the minds of Scientists to common folk. People have held various theories based on their imagination on what life would resemble. Over time, many great discoveries have been made as well as many excursions into outer space. Planets, stars, galaxies, comets, our moon and sun we’ve discovered. We have advanced enormously within the technology field and this advancement has enabled man to be educated about space and the wonders thereof. However, the greatest question of extraterrestrial life has not been answered. Many of us perceive life forms to be humanlike species or “Cycloptic” (one-eyed) creatures similar to the aliens depicted in Science fiction films. However we fail to realize the life can be as small as bacteria or as enormous as prehistoric creatures like dinosaurs. The planet Mars, is one which is very close to the characteristics of our very own earth and with recent missions to Mars in the search for life I believe that life does exist on Mars upon recent findings and also theories which dictate the requirements for......

Words: 1489 - Pages: 6

Free Essay

Aerodynamics of Supersonic Aircraft

...Aerodynamics of Supersonic Aircraft Name: Institution: Aerodynamics of Supersonic Aircraft The world over the past three decades has experienced manned aircraft travelling at supersonic speeds. Supersonic aircraft exhibit a much higher propulsion system as opposed to the previous aircraft, therefore, they are more efficient (Winchester, 2008). In this respect, the designer cannot allow this efficiency to drop below the theoretical optimum in spite of the increased complexity and weight. In addition, these types of aircraft have a greater interaction between the airframe and the engine than their previous counterparts. Apparently, it is no longer possible to rationalize between optimizing a propulsion package to a separately optimized airframe (Torenbeek, 2013). The two parts work in tandem and thus they should be fully integrated into all aspects by the designer. Supersonic aircraft refer to those planes that travel at a relatively faster speed compared to that of sound (Gunston, 2008). These types of planes were developed in the mid-twentieth century and had been extensively deployed purely for research and military works. Two types of airlines, namely the Concorde and the A-11/SR-71 aircraft mark the development of a novel class of planes designed purposely for supersonic operation. The most typical example of a supersonic aircraft is the jet fighter, however, it does not travel at a speed that exceeds that of sound. Other examples include the Conair B-58 and XB-70......

Words: 1689 - Pages: 7

Free Essay

Slovenia Electoral System

...Electoral System in Slovenia Analysis paper 04.14.2011 Electoral System in Slovenia An electoral system has a significant influence on the structuring of the party system within a country. In 1991, for a newly established democratic republic, Slovenia, the question of selecting the right electoral system was on top of the political agenda. Slovenia, that just had socialist period of the past, when there was “voting without elections”, looked for ways to obtain a stable political system and chose the model, used by the developed countries of Western Europe. The choice to use proportional system has lead to multi-party system and effective governance. According to the reports by Freedom of House, the country is placed very highly with respect to its overall level of democracy, while the level of competition is above the global average. This proves us once again the validity of Lijphart’s theory, that claims that proportional electoral systems lead towards greater long-term democratic stability in deeply-divided plural societies. To begin with, the electoral system concerns multiple aspects of electoral law and its most basic characteristics, defined clearly in Patterns of Democracy, are the ballot structure, determining how voters can express their choices, the electoral threshold, or the minimum votes needed by a party to secure representation, the electoral formula, determining how votes are counted to......

Words: 1390 - Pages: 6

Free Essay

El Enigma de Fermat

...“EL ENIGMA DEL FERNET” El enigma del Fermat, trata del último problema que se planteó un matemático francés llamado Pierre de Fermat, un teorema de gran complejidad que nadie pudo resolverlo en más de tres siglos El libro comienza en 1972, cuando un niño con cierto don en las matemáticas visita una de las peores bibliotecas de su pueblo, a pesar de esta flaqueza era una de las que contenía libros con muchos problemas matemáticos, ofreciéndole una colección de pasatiempos matemáticos ahí se encontró con un libro que iba a repercutir en su vida por completo el libro este se llamaba: el último problema. Trataba del último teorema de Fermat, el mismo que por más de tres siglos las mayores mentes de mundo: Gauss, Euler y otros no lo pudieron comprobar, pero a pesar de esto Wiles no se echó para atrás y con gran audacia se embarco a un proyecto matemático. Treinta años después en una conferencias de matemáticas realizadas en Cambridge, Andrew Wiles ofreció a un emocionado auditorio la demostración de uno de los teoremas más fascinantes de la historia de las matemáticas: el teorema de Fermat. Cuando un periodista o reportero se entera de que él dice haber resuelto uno de los teoremas más importantes de las matemáticas: el teorema de Fermat, lo difunde por todo el internet reuniendo a muchos profesores y alumnos e incluso corredores de apuestas que circulaban en ese día, pero sin embargo Andrew Wiles cuando dijo modestamente, después de creer haber resuelto el teorema, “creo......

Words: 3665 - Pages: 15

Free Essay

Contractul de Locatiune

...CAPITOLUL I. NOŢIUNI INTRODUCTIVE 1.1. Noţiunea şi caracterele sale juridice Locaţiunea este un contract prin care o persoană, numită locator, se obligă să asigure unei alte persoane, numită locatar (chiriaş), folosinţa temporară, totală sau parţială, a unui bun în schimbul unei sume de bani sau alte prestaţii, numită chirie (art. 1411 C. civil). Locaţiunea lucrurilor este un contract prin care una din părţile contractante se îndatoreşte a asigura celeilalte folosinţa unui lucru, pentru un timp determinat, contra unui preţ determinat (art. 1411 C.civ.). Locaţiunea lucrărilor este un contract prin care una din părţi se îndatoreşte drept un preţ determinat, a face ceva pentru cealaltă parte (art. 1412 C.civ.). Se consideră locaţiune orice orice concesiune temporară a unui imobil drept o prestaţie anuală, ori sub ce titlu ar fi făcută . O asemenea concesiune nu trece către cesionar nici o proprietate, chiar dacă s-a stipulat contrariul, ceea ce va fi fără nici un efect (art. 1414 C. civ.). Conform art. 1413 C. civ. locaţiunile sunt de mai multe feluri şi au regulile lor proprii. Locaţiunea „edificiilor şi aceea a mişcătoarelor” se numeşte închiriere. Locaţiunea fondurilor rurale se numeşte arendare. Locaţiunea muncii şi a serviciului se numeşte prestaţia lucrărilor. „Luarea săvârşirii unei lucrări drept un preţ determinat, când materialul se dă de acela pentru care se execută o lucrare” se numeşte......

Words: 7150 - Pages: 29

Free Essay

7mckinsey 7 S

...International Journal of Advances in Engineering & Technology, Nov. 2013. ©IJAET ISSN: 22311963 THE MCKINSEY 7S MODEL FRAMEWORK FOR E-LEARNING SYSTEM READINESS ASSESSMENT Ali Abdul-Fattah Alshaher Lecture, Department of Management Information System, College of Administration and Economics, University of Mosul, Iraq. ABSTRACT These study it is necessary to can be used as a theoretical foundation upon which to base decision-making and strategic thinking about e-learning system. This paper proposes a new framework for assessing readiness of an organization to implement the e-learning system project on the basis of McKinsey 7S model using fuzzy logic analysis. The study considers 7 dimensions as approach to assessing the current situation of the organization prior to system implementation to identify weakness areas which may encounter the project with failure. Adopted was focus on Questionnaires and group interviews to specific data collection from three colleges in Mosul University in Iraq. This can be achieved success in building an e-learning system at the University of Mosul by readiness assessment according to the model of multidimensional based on the framework of 7S is selected by 23 factors, and thus can avoid failures or weaknesses facing the implementation process before the start of the project and a step towards enabling the administration to make decisions that achieve success in this area, as well as to avoid the high cost associated with the...

Words: 9491 - Pages: 38

Premium Essay

Factors Influencing Healthcare Service Quality

... Int J Health Policy Manag 2014, 3(2), 77–89 doi 10.15171/ijhpm.2014.65 Original Article Factors influencing healthcare service quality Ali Mohammad Mosadeghrad* Abstract Background: The main purpose of this study was to identify factors that influence healthcare quality in the Iranian context. Methods: Exploratory in-depth individual and focus group interviews were conducted with 222 healthcare stakeholders including healthcare providers, managers, policy-makers, and payers to identify factors affecting the quality of healthcare services provided in Iranian healthcare organisations. Results: Quality in healthcare is a production of cooperation between the patient and the healthcare provider in a supportive environment. Personal factors of the provider and the patient, and factors pertaining to the healthcare organisation, healthcare system, and the broader environment affect healthcare service quality. Healthcare quality can be improved by supportive visionary leadership, proper planning, education and training, availability of resources, effective management of resources, employees and processes, and collaboration and cooperation among providers. Conclusion: This article contributes to healthcare theory and practice by developing a conceptual framework that provides policy-makers and managers a practical understanding of factors that affect healthcare service quality. Keywords: Healthcare Organisations, Quality, Pluralistic Evaluation...

Words: 12271 - Pages: 50

Free Essay

Max Wener

...MAXWEBER Etica protestantă şi spiritul capitalismului - Traducere de IHOR LEMNIJ Postfaţă de IOAN MIHĂILESCU �HUMANITAS BUCUREŞTI Coperta seriei IOANA DRAGOMIRESCU MARDARE Citatele în limbile latină şi elină au fost traduse de MARIANA BĂLUŢĂ-SKULTETY Descrierea CIP a Bibliotecii Naţionale a României WEBER,MAX Etica protestantă şi spiritul capitalismului 1 Max Weber; trad. Thor Lemnij; postf.: Ioan Mihăilescu. - Bucureşti: HLUnanitas, 2003 ISBN 973-50-0390-2 1. Lemnij, Thor (trad.) IL Mihăilescu, Ioan (postf.) 316.323.6 284 MAXWEBER DIE PROTESTANTISCHE ETHIK UND DER GEIST DES KAPITALISMUS Verlag von J. C. B. Mohr (Paul Siebeck) Tiibingen 1934 ©HUMANITAS, 2003, pentru prezenta versiune românească EDITURA HUMANITAS Piaţa Presei Libere 1, 013701 Sector 1 Bucureşti-România, Tel. 021/222 85 46, Fax 021/222 36 32 Comenzi CARTE PRIN POŞTĂ, tel. (021) 223 15 01 • ISBN 973-50-0390-2 INTRODUCERE Cel născut în universul cultural european modem va trata în mod inevitabil şi justificat problemele de istorie universală punîndu-şi întrebarea: ce înlănţuire de factori a dus tocmai pe solul Occidentului şi numai pe acesta la apariţia unor fenomene culturale care totuşi - cel pu­ ţin aşa ne place să ne închipuim- se situează pe o di­ recţie de dezvoltare de însemnătate şi valabilitate univer­ sală? Numai în Occident există "ştiinţă" ajunsă la stadiul pe care îl recunoaştem astăzi drept......

Words: 50231 - Pages: 201