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Is an Indian fashion online retailer which focuses on fashion and casual lifestyle products. It is founded by MUKESH BANSAL, ASHUTOSH LAWANIA and VINEET SAXENA in February 2007. Its Headquarter is in Bangalore and it is one of the top e-commerce companies in India. The regional offices are in New Delhi, Mumbai and Chennai. Myntra.com has been funded by top tier venture capital funds like Indo US, IDG and ACCEL Partners. Company began its Business to Business (B2B) segment with the personalization of gifts such as t-shirts, mugs and caps to name a few. However, the company shifted its strategy in 2010 to become a Business to Customer (B2C) oriented firm and expanded its catalogue to lifestyle and fashion products. Myntra.com has tied up with top fashion and lifestyle brands in India, such as, Nike, Adidas, Lotto, Fila, Puma, Reebok, JOHN MILLER, Lee, Decathlon etc.
Myntra.com was announced as winner of the Red Herring Global 100 award. CNBC-TV18 awarded myntra.com as one of the Hottest Internet Companies of the year at the Mercedes-Benz- TV18 Young Turk Awards. It also won Fashion e-retailer of the year award at the Indian e-retail awards 2013 organised by Franchise India in New Delhi.
In 2013, Myntra.com acquired San-Francisco based FITIQUETE, a developer of virtual fitting room technology. BOLLYWOOD star HRITHIK ROSHAN joined forces with shopping portal myntra.com in 2013, to launch and manufacture his active lifestyle apparel and casual wear brand HRX. http://en.wikipedia.org/wiki/Myntra.com The task is to compile a comprehensive e-marketing plan. We will talk about myntra.com in our research here. Our e-marketing plan will follow the SOSTAC framework and will include following sections:
1) Situation Analysis
2) Objectives
3)...
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...it was not there. A right approach of risk (calculation, managing, mitigation) plan is a must in first place for online portals. But when the risk has already occurred, which affected many users, a message of humility might pay back in case of such damage. http://prempiyush.com/2013/06/26/myntra-website-down-ui-risk-management/ Control:
Each member is responsible for remaining knowledgeable about the myntra.com program term and conditions.
Myntra.com will not be liable or responsible for lost or delayed in the e-mail.
Myntra.com reserved the right to refuse, amend, vary or cancel membership of any member without prior notification.
Myntra.com reserves the right to add, modify or delete any approval without any notice.
In the event of dispute with myntra.com program, final and binding decision shall be taken by myntra.com
http://www.myntra.com/termsofuse
Paige Raibmon’s book “Authentic Indians” take a closer look at the concept of authenticity in the late nineteenth and early twentieth century. Focusing on the culturally diverse Aboriginal people of the Northwest Coast, Raibmon examines how both Aboriginal and non-Aboriginal people constructed and used the idea of the authentic Indian to achieve their goals. Drawing examples from three ‘episodes’ or stories about Aboriginal people of the Northwest Coast, Raibmon argues that authenticity is not a set marker that we can use to measure the distance between what an Aboriginal culture looks like today and what “real” Aboriginal culture looks like. Instead, Raibmon says that authenticity is an important and changing set of ideas that were used in different ways to achieve different results including solidifying the many perceived dichotomies between Aboriginal and non-Aboriginal peoples. She also discusses how the concept of authenticity was not only important to Aboriginal and non Aboriginal relationships in the late nineteenth century but also to these same relationships in the present.
All organizations and industries experience risk exposure, from both internal and external events. Accordingly, with outcome speculation being uncertain, organizations can experience either negative or positive effects. In general, the IS31000 defines risk as the “effect of uncertainty on objects” (Elliott, 2012 p.1.4). Consequently, the application of risk management practices helps minimize the effects of risk uncertainty on an organization and is accomplished through coordinating an organization’s activities by establishing control and creating policies in regards to risk. Risk’s most evident category is hazard risk which encompasses risk from accidental loss. In addition, operational risk stems from controls,
Zara, the most profitable brand of Inditex SA, the Spanish clothing retail group, opened its first store in 1975 in La Coruña, Spain; a city which eventually became the central headquarters for Zara’s global operations. Since then they have expanded operations into 45 countries with 531 stores located in the most important shopping districts of more than 400 cities in Europe, the Americas, Asia and Africa. Throughout this expansion Zara has remained focused on its core fashion philosophy that creativity and quality design together with a rapid response to market demands will yield profitable results. In order to realized these results Zara developed a business model that incorporated the following three goals for operations: develop a system the requires short lead times, decrease quantities produced to decrease inventory risk, and increase the number of available styles and/or choice. These goals helped to formulate a unique value proposition: to combine moderate prices with the ability to offer new clothing styles faster than its competitors. These three goals helped to shape Zara’s current business model.
Obviously, financial establishments can endure breathtaking misfortunes notwithstanding when their risk management is top notch. They are, all things considered, in the matter of going out on a limb. At the point when risk management fails, be that as it may, it is in one of the many fundamental ways, almost every one of them exemplified in the present emergency. In some cases, the issue lies with the information or measures that risk directors depend on. At times it identifies with how they recognize and impart the risks an organization is presented to. Financial risk management is difficult to get right in the best of times.
The business model that sets Zara apart from other clothing retailers is how rapidly the company changes stocks and releases new product lineups. The company averages 12-16 collections annually which equates to more than one lineup a month. Due to stock being limited and the rapid production Zara brings forth, their items are viewed as exclusive promoting further business. Their customers are happy knowing that their specific article of clothing is more “rare” due to only having an average of a two-week window to purchase the clothing. The company specifically targets current trends and has them in the store within 30 days. This maintains the brand’s uniqueness and relativity in fashion.
Nordstrom has also satisfied the needs of the demand of the technological world by creating websites such as Nordstrom.com, Nordstromrack.com, Trunkclub.com and HauteLook.com. “Speed,
Internet Marketing News and Know-How. Hotel Marketing. 18 Feb. 2011. Web. 19 Apr. 2011. .
E-marketing is a fast growing and rapid platform for any form of business. EBay has been highly successful over recent years and this is a perfect example of an online business. The internal and external environments are constantly changing and in order to keep up with these changes, businesses and organisations must make relevant changes, and generate new strategies to keep up with contemporary developments in e-marketing and to also maintain their position in their market in comparison to their competitors.
The short story “Clothes” by Chitra Banerjee Divakaruni is about a young Indian woman, Sumita, and her cultural transition to America that is symbolized by her clothes and the color of her clothes. The traditional Indian attire for a woman is a sari and each one has its own purpose. Her clothes also indicate her progression from daughter, to wife, to woman.
Currently, we are operating through 20+ stores across cities in India. In addition to our offline retail business, we have our very online portal -www.theprimewatches.com. Our online platform has beenoperationalfor almost two years ago, mostly as a tool of marketing for luxury watches online when no other retailer in India had a strong web presence.No competitor has such a large number of stores and a website that attracts over 5000 people every day.
Zara is extremely focused on its core fashion credo and therefore it is constantly seeking innovation in its products by introducing something completely new or by making changes to the existing products in a very short lead time throughout the year. Due to this solid commitment towards its goals, Zara does not have to predict its sales; be it six months down the line or a month. This helps it save a huge amount of production cost. The IT architecture is in alignment with their operating processes. All these factors give Zara an advantage over its competitors.
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Risk mitigation is also the process of controlling actions, which are identified, and selecting the suitable ones to reduce risk according to project objectives (Pa, 2015). Risk mitigation is important in IT organizations in so many ways. According to Ahdieh, Hashemitaba, Ow (2012), mitigation of risk provides a mechanism for managers to handle risk effectively by providing the step wise execution of the risk handling (as cited in Pa, 2015, pg. 49). Some risks, once identified, can readily be eliminated or reduced. However, most risks are much more difficult to mitigate, particularly high-impact, low-probability risks. Therefore, risk mitigation and control need to be long-term efforts by IT project managers throughout the project lifecycle. There are three types of risk mitigation strategies that hold unique to Business Continuity and Disaster
...rketing plan that will form the basis of all your marketing activities. Today, there are literally dozens of ways you can communicate your
Marketing can be seen as an effective way to communicate the value and purposes of a product or service to customers and consumers; for the primary purpose of selling that product or service. However, there are many different types of strategies that dissipates uniquely into different the ranges of the marketing spectrum. The purpose of this research paper is to define marketing strategy, briefly understand how to create a marketing strategy, and analyzing the different types of marketing strategies at various business levels. Marketing strategy is defined as the results of a thorough market analysis, which combines all of a firm’s or company’s goals into one comprehensive plan. An effective marketing strategy must be drawn from the fundamental research of the markets it resides in; focusing on the correct product mix in order to fully potentially profit at the highest possibility. In today’s society, the marketing concept can be seen as the philosophy in which firms analyze the needs of their customers and create decisions in which to satisfy those needs.