The manufacture of products, retail
chain and the most important the industry includes a designer house. All the
fashion industries are affected by customer’s choice that what they want to
wear. So it’s quite a difficulty for the industry to release their product
according to the customer needs. Consumer insights are the main part of the
business to compete in the market. “Winner-take-all business” this is said by
McKinsey.
Industry
Attractiveness:
The future profit potential
of a market in which the risk is involved is known as Industry Attractiveness.
However, it depends on the competitor’s quantity and the rate of growth for its
products. In this modern world, all the transaction are online, products are
ordered online, the commercial is also online. However, these all are quite
expensive and are difficult to afford for new brands entering the market.
There is less profit and
when you are in direct competition with other fashion industry. Lose of the customer
is not afford by the fashion industry. The creative process is an important part
of top brands. To wear new brands, peoples research and find the best clothes
which suit them. Online buyers can help you to find out their mentally and
trends around the people taking a look at their search. The support of the
government and the customer’s mentality and to produce new designs can cause
more success. The most important part of the fashion industry is
attractiveness. The more your products will attract the customers; the more
your product will be sell. In your outlet, the design of your shop and the
workers their also matter. There are following five forces on which fashion
industry depends (Nicola Joanne White).
·
Supplier’s bargaining power.
·
Consumer’s bargaining power.
·
The market competition.
·
New brand’s threat.
·
Substitute’s threat.
1.
To examine the emergence of
women in business, especially in the fashion industry and therefore compare the
leadership styles of women executives with that of men.
In this modern era, women are side by
side the men in every field. Women of all ages are also running businesses.
Coco Chanel and Elsa Schiaparelli have a remarkable name in the world when it
comes to fashion. The major fashion class consist of 85% of women. By dreaming
or hoping won't take you at the top. However, determination and hard work could
do. The women have a greater name in the fashion industry. In fact, more than 500 hundred women are
running a business. A new report shows gender diversity improves business
outcome and makes it easier to attract talent. According to research, an idea
suggested by a man is preferable (Godart).
However, the same idea suggested by women is
not appreciated. Women have less income and have a great chance to quit their
job for their children as compared to men. Women don’t have paid family leave
are also more likely to quit their job, and only 12% of American employees in
the private sector are able to have it. There is a gender difference between
men and women. Both genders have a different kind of road map of their map, but
they may succeed in different activities (Choi).
The Characteristics of a Men Leader:
On the
other side, Men have the following characteristics.
Performance of Leaders in Fashion Business
Industry
Men are always focused on giving their best work.
However, this behavior in Men might be offensive for other employees because
you are just focused on your work and not sharing your knowledge and ideas with
anyone else in the organization.
Communication of Leaders in Fashion
Business Industry
Men direct communication
with the employees working under him this help to clear the strategies and
expectation that what he want from the employees to do. Men, as a leader, get
frank with their employees. By this, the employees feel free to discuss their performance
and the problems they are facing.
The Characteristics of a Women Leader
In some research, this came to know that women explore
and adopt new strategies than male employees when influencing the performance
of the group. The few characteristics are the following:
Performance of Women Leaders in
Fashion Business Industry
The women are extremely
found more focused on their task. However, a leader who is task-focused, this
helps a company to run properly, and the employees working in that organization
are more efficient to do their time on time.
Communication of Women Leaders in
Fashion Business Industry
The women leaders often express their expectation
according to the task indirectly. However, this helps an employee to work more
accurate and fulfil her expectation to achieve the goal.
2.
To discuss the challenges
and constraints for women executives in the fashion industry and debate on what
it takes to be a successful women executive in this industry.
In the world’s fashion school women are
80% student. The main problem is that women have to choose a family life or
career. Even the women working in an industry have a burden of house and job
both. There are many other similar problems in which women face difficulty to
manage. There are fewer women in the fashion industry who are on top. In
different countries, there are a lot of fashion universities that mainly focus
on promoting fashion and style in that country. This is because, through this,
they are able to make their economy stronger than ever. There is some problem
in the developing countries that they are not working on enhancing fashion
business.
But dreaming and hoping won't get
you the higher rank in any field. However, hard work and proper determination
could do. In many countries, there are a
lot of women that are running a fashion business in the best innovative way. As
we know to get on the roof, we have to get through the stairs and then we able
to be on the roof. There are many problems which are faced by women. They
always have to be in size. Up-size models are not more likely. Women should do
hard work and also concentrate on their more. They should live their life aside
and their job another (Chris K. Y. Lo).
References
of Women Leaders in Fashion Business Industry
Choi, Tsan-Ming. Analytical Modeling Research in
Fashion Business. Springer, 2016.
Chris K. Y. Lo, Jung Ha-Brookshire. Sustainability
in Luxury Fashion Business. Springer, 2018.
Godart, Frédéric. Unveiling Fashion:
Business, Culture, and Identity in the Most Glamorous Industry. Palgrave
Macmillan, 2012.
Nicola Joanne White, Nicola White, Ian
Griffiths. The Fashion Business: Theory, Practice, Image. Berg
Publishers, 2000.