Abstract

In this paper, we try to focus on the marketing plan. A business strategy explains the plans of a business i.e. how is it planning to succeed in the market. This strategy is planned to make sure that the company is able to evaluate its position against the competitors in the industry. Business strategy helps a business in formulating strategies according to the goals and objectives of the company and helps to target the potential customers. When a company is evaluating its own position, it sees their success factor of the companies that are on top in the industry and tries to formulate strategies and will make it the market leader in the industry. It seeks how it can achieve competitive advantage that will keep it ahead of other companies in the industry.

Table of Content

Abstracti

Company Overview1

Present Vision, Mission and Corporate Objectives1

Product mix Single product, Product line, New product description2

At the Store2

With the Product2

SWOT Analysis3

Strengths3

Opportunities5

Threats5

Marketing Research5

Situational Analysis6

Environmental Analysis6

Political6

Economic7

Social7

Technological7

Environmental8

Legal8

Industry Analysis8

Competitive Forces8

Bargaining Power of Suppliers8

Bargaining Power of Buyers9

Threat of Substitutes9

Threat of New Competitors9

Existing Rivalry10

Key Factors for Success10

Short Lead Time10

Lower quantities10

More Styles11

Elements of marketing communication mix11

Internal Analysis13

Generic Strategies13

Value Chain Analysis14

Strategic Options and Choice15

Ansoff Matrix15

Implementation Issues16

Resistance to Change16

Not Involving the Employees in Decision Making17

Technology17

Recommendation17

Strategy17

Role of Strategy in Strategic Planning18

Conclusion19

Works Cited20

Business Plan

Company Overview

Zara has been the trend setter in the fashion industry. Since the launch of the company, it has been very successful. The company has been successful because of the technology that it has adopted. The company's success depends on the blend of the technology that the company has adopted and has been able to break all the rules that the fashion industry was following. Vertical integration has made the company earn a lot of profits and remain ahead of its competitors in the market. This was due to the fact that the company was able to reduce its cost and increased the barriers for the potential new entrants in the industry, which is why; the company is the market leader in the industry (Lindsay, 4).

Zara's position in the market is due to the strategies that the company has adopted. The company has policies that are making it the leader. The profits of the company tripled in the years between 1996 and 2000 and have even increased between the years 2001 to 2007. The company has been earning revenues from $2.43 billion to $13.6 billion in these years, and this is the reason the company was able to move ahead of the market leader, Gap.

Present Vision, Mission and Corporate Objectives

The company has a different vision and mission for their store and their products. The store of the company benefits the business by the following ways. It helps them to recognize the need of the business also helps the company in earning more that it according to the objectives set by the country.

Product mix Single product, Product line, New product description

At the Store

We save energy.

The eco-friendly shop.

We produce less waste, and recycle.

Our commitment extends to all our staff.

An environmentally aware team.

With the Product

We use ecological ...