Individual Business Report

High school
Assignment
Business
Pages 6 (1506 words)
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This report is grounded on demonstrating an engaging business simulation strategy outline which depicts how to setup a performance-based system and implement prepositions that successfully co-function with other mechanisms in the company for success. The report appraises…

Introduction

The proposed concepts facilitate identification and complete exploitation of opportunities emerging in the new competitive environment. The possibilities result primarily due to the disequilibrium created by existing constant change. Specifically, the uncertainty of market change intensifies rivalry conditions. The conditions simultaneously produce a significant product motivated growth opportunities. The project report effectively demonstrates how to adapt and exploit such opportunities by URBAN FUNK in a simulation of three years.
URBAN FUNK is a fashion apparel manufacturing company established in 2007, based in Africa. URBAN FUNK’s products range from men’s wear, women’s wear, children`s wear and interior decoration products. The fashion industry is considered as a booming, and there exists numerous opportunities to explore and establish a strong brand now more than ever. With increased apparel consumer’s awareness of the significance of fashion style and fashion identity, the industry now experiences an unmatchable level of demand. The boom creates a perfect opportunity for URBAN FUNK to expand its reach and join other well-established apparel producers on the global platform. The multibillion-dollar fashion industry is influenced by changes in the global economy, emerging style trends and fluctuations in complimentary products. The report will demonstrate the significance of URBAN FUNK reacting to impacting factors, and it also constitute a financial plan to facilitate implementation of the proposed concepts.
Produce fashionable apparels at consumer friendly prices: To enhance on the lead in apparel production. By appreciating our consumers’ passion for fashion, elegance and design style in clothing products. URBAN FUNK’s will further innovation, creativity and foster a leadership position in delivering high-quality clothing at fair prices.
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The proposed concepts facilitate identification and complete exploitation of opportunities emerging in the new competitive environment. The possibilities result primarily due to the disequilibrium created by existing constant change. Specifically, the uncertainty of market change intensifies rivalry conditions. The conditions simultaneously produce a significant product motivated growth…