- Factor conditions. In this industry main factor conditions for the firm are: human
resources (marketing team, creative team, designer), infrastructure
(network of shops) and capital resources required to afford advertizing
campaigns.
- Demand conditions. Under the influence of the supporting industries customers become
more sophisticated and willing to have new trends in the industry, they
need this changes and this changes drive creativity and innovation.
- Related and supporting industries. Media industry is the most important
supporting and related industry, especially fashion media industry. It has
the power to drive the fashion market influencing customers’ behavior and
attitudes, so company has to innovate, to create new collections and so
on.
- Firm strategy, structure and rivalry. Rivalry is fierce. It also forces
companies to innovate, to create their own style and thus differentiate
themselves from other players in the market.
- Government. The only way how government may influence firm’s activity is the
regulation in public sphere. For example, some advertizing banners of the
Apparel were banned because of its sexual context.
- Chance events. The main uncertainty is people’s preferences. Despite the fact
that fashion magazines try to influence it, sometimes people behave
themselves in different ways and prefer another product.
вторник, 20 марта 2012 г.
Porter's Diamond of National Advantage
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