For example, opportunities can come from new technologies that help you reach new customers, from new funding streams that allow you to invest in better equipment, and from changed government policies that open up new markets. Threats can include deregulation that exposes you to intensified competition; a shrinking market; or increases to interest rates, which can cause problems if your company is burdened by debt. Find out what forces of change are affecting your business environment. PEST Analysis is useful for four main reasons:
Models posing in corporate office wear. Consumers all have different needs and demands that have to be suited. A person's needs change frequently.
An important factor Chanel pest analysis take into consideration when thinking of consumers' needs is the key demographics of the customer. Gender, age, income, and even profession can help a company better understand the needs of their customers.
Her needs would differ greatly from a woman with children that just went off to college or a teen entering high school. Often consumers need to be told what they want. Fashion companies have to do their research to ensure they know their customers' needs before developing solutions.
You cannot start with the technology and try to figure out where you are going to sell it". There are two research methods: Benefits of primary research is specific information about a fashion brand's consumer is explored.
Surveys are helpful tools; questions can be open-ended or closed-ended. A negative factor surveys and interviews present is that the answers can be biased, due to wording in the survey or on face-to-face interactions.
Focus groups, about 8 to 12 people, can be beneficial because several points can be addressed in depth.
However, there are drawbacks to this tactic, too. With such a small sample size, it is hard to know if the greater public would react the same way as the focus group. There is less of a bias because consumers are just performing their daily tasks, not necessarily realizing they are being observed.
For example, observing the public by taking street style photos of people, the consumer did not get dressed in the morning knowing that would have their photo taken necessarily.
They just wear what they would normally wear.
Through observation patterns can be seen, helping trend forecasters know what their target market needs and wants. Knowing the needs of the consumers will increase a fashion companies' sales and profits.
Through research and studying the consumers' lives the needs of the customer can be obtained and help fashion brands know what trends the consumers are ready for. Media[ edit ] Latin dancers in their costumes.
The woman is wearing backless dress with deep slits on its lower portion, while the man is wearing a shirt with top buttons open. Fashion breathes on media and medium. The media plays a significant role when it comes to fashion. For instance, an important part of fashion is fashion journalism.
Editorial critique, guidelines, and commentary can be found on television and in magazines, newspapers, fashion websites, social networks, and fashion blogs. In recent years, fashion blogging and YouTube videos have become a major outlet for spreading trends and fashion tips, creating an online culture of sharing one's style on a website or Instagram account.
Through these media outlets readers and viewers all over the world can learn about fashion, making it very accessible. Talented illustrators drew exquisite fashion plates for the publications which covered the most recent developments in fashion and beauty. Perhaps the most famous of these magazines was La Gazette du Bon Tonwhich was founded in by Lucien Vogel and regularly published until with the exception of the war years.
Such fashion trends get popularised through media. Voguefounded in the United States inhas been the longest-lasting and most successful of the hundreds of fashion magazines that have come and gone. One such example of Vogue's popularity is the younger version, Teen Voguewhich covers clothing and trends that are targeted more toward the "fashionista on a budget".
Haute couture designers followed the trend by starting ready-to-wear and perfume lines which are heavily advertised in the magazines and now dwarf their original couture businesses. A recent development within fashion print media is the rise of text-based and critical magazines which aim to prove that fashion is not superficial, by creating a dialogue between fashion academia and the industry.
Examples of this trend are: Fashion Theory and Vestoj Tanned teen Antonella Perez is fun and flirty and down to fuck! Watch this cum hungry coed make love to the camera as she slowly peels off her clothes.
Her thong is the last to go, revealing a succulent bare fuck hole that is already filled with cream and slippery with desire. From peplums to giallos, from low budget British comedies to Eurospy films, from Spaghetti Westerns to.
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Chanel SWOT analysis is covered on this page along with USP & competition. It also includes Chanel's segmentation, targeting & positioning (STP) along with tagline & slogan. Flashcard Machine - create, study and share online flash cards My Flashcards; Flashcard Library; About; Contribute; Search; Help; Sign In; Create Account.