How has Zara gone about building an organization capable of proficient strategy execution?
What will be an ideal response?
See Illustration Capsule 10.2. Zara the world's largest fashion retailer, has managed to create competitive advantage in every level of strategy execution by tightly aligning design, production, advertising, and real estate with the overall strategy of fast fashion-being extremely fast and extremely flexible. Zara's strategy is clever, but by no means unique. The company's competitive advantage is in strategy execution. Every step of Zara's value chain execution is geared toward putting fashionable clothes in stores quickly, realizing high turnover, and strategically driving traffic. Zara also excels at driving traffic to stores. First, the small lot sizes and frequent shipments (up to twice a week per store) drive customers to visit often and purchase quickly. Zara shoppers average 17 visits per year, versus 4 to 5 for The Gap.
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What is the problem with self evaluation?
What will be an ideal response?
Renee has returned a dress because when she tried it on at home, she decided she did not like the way it fit. This is an example of consumer misbehavior.
Answer the following statement true (T) or false (F)
In a statement of cash flows, which of the following would be classified as an investing activity?
A. The sale of equipment. B. The issuance of bonds payable. C. The sale of the company's own common stock for cash. D. Interest paid to a lender.
Government attitudes toward import and direct investment, and efficiency of government are two of the three political factors that significantly influence an MNE’s operation and performance. Identify the third factor.
a. Government stability b. The government in power c. Foreign relations d. Tenure of government rule