Wednesday, February 19, 2020

The relationship between the Fashion Industry and Recession in the UK Essay

The relationship between the Fashion Industry and Recession in the UK - Essay Example The essay "The relationship between the Fashion Industry and Recession in the UK" talks about the connection between Recession in the UK and Fashion. The fashion industry around the world is related to the business and the economy at large. Fashion itself is an industry covering various aspects of lifestyle of the people. It includes clothing, accessories and cosmetics and other related items which are required to make people look beautiful, affluent, sophisticated and elegant. But it has been seen in the past that the industry is very much interrelated to he overall picture of the economy. A dull economy or market will not encourage lot of fashionable choices. However, a bearish market will surely make the people to opt for the newest in fashion and make choices as they please. This economics is applicable irrespective of the type of industry. While we are discussing the effect of recession to the UK fashion industry, we must know the scenario that exists in this industry. UK itself is a country which is very much fashionable and is considered rich and vibrant when the fashion industry is considered per se. The fashion industry is worth about  £ 44.5 billion in UK. As per the statistics of 1960, it is said that 10% of the household expenses is spent on clothing and footwear and other fashion related items. However, the scenario had changed over a period of time. With cheaper imports coming form China and India the expenses have come down drastically. Presently only 6% of the householdÃ'Ž

Tuesday, February 4, 2020

Business Management Techniques (Manage work activities) Essay

Business Management Techniques (Manage work activities) - Essay Example ining an organizations objectives, establishing an overall strategy for achieving those objectives, and developing a comprehensive chain of command of plans to integrate and coordinate activities. The plan of action is, at one and the same time, the result predicted, the line of action to be followed, the stages to go through and the methods to be used. Organizing is the translation of goals and objectives into a structure of responsibilities and authority. To organize a business is to provide it with everything useful to its functioning- raw material, tools, capital, personnel’ (Fayol, 53). In other words it includes the determination of what tasks are to be done, which has to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. The engineering organization, having been formed, must be set going and this is the mission of command. This insures a successful process of the organization. A manager in command - knows his people, understands all agreements binding the firm, sets a good example, uses a meeting to focus efforts in a single direction, does not become occupied in minute details, and instills unity, energy, initiative and loyalty in the employees. Harmonizing is to integrate the actions of all aspects of the firm in order to increase the efficiency of the organization. To harmonize is to co-ordinate all the activities of concern so as to facilitate its working, and its success. Control consists in confirming everything takes place in conformity with the plan implemented, the directions issued and principles established. It also points out weakness and errors in order to rectify then and prevent recurrence. Typical operations that could be subjected to control, measured in order to monitor progress, included: Business Engineering Organization usually use flat organizational structure where their is hierarchy of authority and becomes easy for supervision, their is segregation of duties and every