UNIQLO in China Essay Example | Topics and Well Written Essays - 2250 words

UNIQLO in China - Essay ExampleUNIQLO in ChinaIn a Company Perspective. The concept of market problem can be termed as a constraint or issue due to which brass instruments organisation significant hurdles in launching or promoting any crop or service. The marketing problems of an organization can be identified through analyzing its internal influencing factors. With extol to the partnership perspective, the internal factors involve few major dimensions that influence the marketing activities of an organization. In this context, these dimensions can be associated with 4Ps of marketing mix including product, monetary value, place/distribution and promotional attributes of the organizations (The Chartered Institute of Management, 2009). These dimensions apply been discussed hereunder. Product Development Factors With respect to the business dodging of UNIQLO, the organization tends to possess two major strengths including the usage of quality based materials along with unique op erative materials in manufacturing its range of fashionable garments and apparels. Specially mentioning, the use of high quality materials such as Merino wool, cashmere and Supima cotton in producing Womens Winter Style products enabled the organization to comply with the requirements of the customers. Moreover, the unique functional material in designing Womens Winter Style products tends to create change magnitude demand in the markets during the rimed/winter season crossways different geographical locations (Fast retail Co., Ltd, 2013). Promotional Variables Across every season, the promotional campaigns of UNIQLO incorporate endorsing its core products including HEATTECH, ultra-light down jackets, fleece and polo shirts among others throughout its different overseas retail locations. The promotional campaigns of the society focus on developing advertising activities encompassing different tele-media (Fast Retailing Co., Ltd, 2013). Pricing Variables The pricing strategy of Womens Winter Style products is also a major attribute of UNIQLO to successfully achieve its business objectives across the markets where it operates. The company provides quality based Womens Winter Style products in a more reasonable hurt as compared to other fashion retailers. In this regard, the adequate control of inventory along with the marketing incision and merchandisers of the company facilitate to reduce the cost up to 30% in comparison with the regular price of the products (Fast Retailing Co., Ltd, 2013). Place/Distribution Variables In relation to the place/distribution variable, the continuous expansion in the global destinations significantly provides adequate support to UNIQLO in order to avoid different sorts of marketing problems. Currently, the organization operates more than 11,000 retail stores across different nations including the UK, the US, France, Russia along with Japan and other major Asian countries (Fast Retailing Co., Ltd, 2013). 1.2 In an Industry Perspective. According to marketing concepts, the industry influencing factors have also major bearing upon the organizations to face different marketing problems. In order to critically assess the major influencing factors of the fashion garments business industry, the abstract of Porters five forces would enable to critically identify the current marketing strategy of UNIQLO. These have been discussed hereunder. Power of Buyer According to the recent phenomenon, the power of buyer is relatively high for UNIQLO due to increasing number of fashion retailers.