Beem (2010) reckons that if carefully prepared and properly executed, co-branding is one of the best strategies that can be used to penetrate markets, survive financial down times and even grow. Taking the strongest elements of one brand and combining these with the best complementary brands to create a new product can in fact lead to the potential worth of the new product being greater than that of the sum of the two products (synergy). Gap Clothing and Apple I-pod The two brands chosen for co-branding in this case are GAP - a popular brand from the apparel industry, and Apple - one of the most popular brands in the music/technology industry. To make the new product, GAP’s hoodies and Apple’s iPod will be combined to create clothing from GAP that encompasses Apple’s slogan and promotes the values that Apple stands for. The new product is to take advantage of the position of the two in their specific markets and further strengthen their image of being trendy and cool. Visual of the New Product: The Techno Hoodie The form of presentation of the co-branded product will be a techno hoodie. A hoodie is a sweatshirt characteristic of a hood and is regarded as the most important cultural product of the Western world in the 20th Century. McCartney (2008) contends that hoodies are the only commodity the current generation will be remembered with, and given the popularity of the hoodie; it is difficult to argue against this. It is urban apparel, often made of cotton or poly-blend and is usually in the form of a zipper-front or pullover (Kayne 2011). Hoodies are regarded as unique urban clothes, forming the fashion statements of many people. The new product will be a representative of a one-of–a-kind style and will bear screen-printed designs on its back as are popular with many people. The techno hoodie will come in two types: 1. A pullover hoodie, which will have one single, large pocket in the front 2. A zipped hoodie: which will have a zipper dividing the front and the pocket into two Instead of the usual material or poly-blend material strings, the drawstrings of the hoodies are going to be high-quality iPod headphones, a design that will be unique and trendy. The pockets will be designed to be holding the iPods among other things. The hoodies will be designed in different colors to match with the range of colors the iPod comes in. The designs on the hoodies will include the two logos; GAP and Apple written either as graffiti or just plain, alongside decorations regarded as cool including elements of anime and pop culture. Creation of a Brand Image Techno hoodies are the next-best-thing in the apparel market with a promise to be fashionable into the future. A combination of the high level of comfort, capacity to hold the iPod and an image of being cool and trendy and subscribing to pop culture results in a scenario in which techno hoodies are going to be massively popular into the future. “The market for this item should be huge as anyone who likes taking walks, working out, or most young adults will love these” (TEP 2011). Such reviews indicate that techno hoodies are not only a hit now but also what can be termed as “futuristic clothing”. Therefore the two brands will collaborate to make clothing that accommodates the vast music collection of the youth. GAP will provide the trendiest, top-notch
CO-BRANDING: THE TECHNO HOODIE Introduction Co-branding refers to the combination of two or more brands to make a new product. It is a concept that has in recent times gained much attention and significance owing to the fact that it has a role in creating synergy…
Managing Innovation and Creativity at Topman. Men’s fashion is not always something that people think about as being innovative and creative, but there are many clothing manufacturers and retailers who are looking for ways to improve their bottom line. They hire individuals who can help them stand out in the world of fashion.
Innovation, on the other hand, is effected only when all creative mechanism are maximized to take advantage of the rapidly changing and developing market. This essay will explore the significance of these values in business management taking into account some empirical experiences of entrepreneurs sourced from researched literatures.
There are tall and flat hierarchical organizational structures and tall hierarchical structures. The flat ones have a few levels while, on the other hand, the tall ones have many levels. The chain of command within the hierarchical organizational structure looks like a pyramid shape.
In the past due to a monopoly of firms in a production of goods and services, change and creativeness were not considered as a major tool that can improve the economy and create competition. Thus the past hierarchal management structure was based on a transfer of orders rather than holding discussions among the top managers.
As a consequence of this freedom of thinking his companies have been increasing their profits at a rate of about 40 % a year and his annual revenue moved up from $35 million to $212 million from 1994-2003 (Semler, 2003).
This business article brought to my mind some memories related with my childhood and art, and I am pleased to mention that when interviewed by CNN (2004) Semler himself pointed out that Management is an art.
From this research, it is clear that business model innovation demands the systematic building up of organizational capabilities. One of the golden rules of management is to change proactively when the times are good, not after the crisis has erupted. An innovation-oriented culture is all about creating the right attitude among people.
Types of goods that marketed today are:
Nowadays marketing is not the same as it was several decades ago. Marketing concepts and ideas has completely changed due to media, high technologies and importance of such factors as creativity and creative thinking.
such that it makes the brand stand out from the competitors and hence does its best to break the clutter which is present in the muddle of so many brands and products that are being displayed regularly. A harmonious and catchy tune makes sure that the brand remains synonymous
The topic of organizational has been studied from a variety of viewpoints ranging from such disciplines as sociology and anthropology, organizational communication, management science as well as to the applied disciplines of organizational
One such business is Topman the seller of men’s fashion. Topman is actually a stand-alone fashion business that was started by Peter Robinson in 1978. Topman exclusively caters to men and their stores can be found throughout the United Kingdom. The point that Topman wants
8 pages (2000 words)Essay
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