Received 50% grade on this assignment
Here is the feedback: (original instructions are below)
Please see below for feedback and for how you can earn more credit.
[#1]: You’ve got some of the key points. Others include: 1) they accurately understand what customers want, and are able to deliver it quickly to their stores; 2) vertical integration, i.e., maintaining centralized control over its value chain and limiting outsourcing, which enables the coordination and control required to be so responsive [this distinguishes them from Gap and H&M); and, 3) they produce designs in limited quantities, so customers learn to buy now (at full price) rather than risk missing the window of availability.
[#2]: “The use of billboards that integrated stores from across the world helped the company pass its performance elsewhere. The technology was used to link premises from various parts of the world where it had a branch.”—I’m sorry, I don’t understand what this means. Zara does very little advertising, so billboards are not relevant here. No other technology is mentioned in your answer. You can re-submit this answer by email by 11:59 PM December 6 for additional credit.
[#3] “Statistics showed that the company’s net income in 2018 was approximately $3.89 billion compared to Gap’s $1.26 billion (Ivanov, Tsipoulanidis & Schönberger, 2019).” This is a good start. This data comes from our text, not Ivanov et al (which is a credible source for #1 and #2, but less so for #3). The instructions said, “for financial data please ensure you use the latest time periods that are publicly reported,” which would be 2019 (full year) and 2020 (first two quarters). You can re-submit this answer by email by 11:59 PM December 6 for additional credit.
“Lecture notes. (n.d.)” is not a credible source; it looks like a paper mill. Feel free to take a risk and use it as a study aid, but never cite it in a course or in the workplace.
On the other hand, Ivanov et al is a very credible source—Good APA citation! But there are no relevant in-text citations of it in your submission.
Read chapter 3, “Zara: Fast Fashion from Savvy Systems,” in our text.
Answer the following questions in your own words. Clearly label each answer 1-3:
Describe Zara’s strategy/business model, focusing on 3-4 elements that differentiate Zara from competitors such as Gap and H&M in the retail fashion industry
Describe specific ways Zara uses information technology to enable the strategy/business model elements you identified above. Remember to consider not only the hardware and software used by Zara, but the information that is produced and how that information enables Zara’s decision making throughout its value chain (e.g., what products to offer, how much to manufacture, etc.)
Do you think Zara’s strategy/business model is succeeding? How do you know? Provide credible support for your position (e.g., financial data, operating metrics, industry analyst opinions). Use APA style to cite your sources. Note that the fiscal year of Inditex (Zara’s parent) ends January 31, so for financial data please ensure you use the latest time periods that are publicly reported. Hint: For financial data, look at year-over-year changes in income statement and balance sheet results over the course of three to five years.
Plagiarism Free Papers
All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.
All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.
A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.
Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.
Originality & Security
At Homework Valley, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.
24/7 Customer Support
Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
We work around the clock to see best customer experience.
Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.
Admission help & Client-Writer Contact
When you need to elaborate something further to your writer, we provide that button.
We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.
Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.