My three goals are to:
Obtain an MBA
Become fluent in another language
Start my own company
Once I have finished my last year of undergrad I have decided to take year off from school, and to try to find the Masters that best fits my plans and interests. I want to make sure that I am immersed in a program that I am happy with, and that it fits my future career goals. I believe that a year to plan will help my decision greatly.
I have started to learn Spanish through the Rosetta Stone Program, Through this program and travel I hope to become fluent in the near future. In this day and age it seems to be an invaluable trade, especially in the New York city area.
I have a great entrepreneurial spirit and have been starting small projects in an attempt to branch out into web sales. I have designed clothing and accessories and am working with people in many different states to try and get a national brand started. It is a hard industry to get into, but creating your brand and getting your foot in the door will definitely help.
Alexander Maglio's Management 3120 Blog
Monday, October 15, 2012
Sunday, September 23, 2012
ZARA
1 1. Zara’s use of division of labor enhances its
efficiency greatly. Because each team and role is so specified, they can all do
their job and send their work to the next individual or team as quickly as
possible. This generates an environment where a job becomes almost second
nature, and greater efficiency is the result.
2 2. Operations management is definitely in
practice at Zara. They strive of effectiveness and efficiency above most other
things. Project management and inventory management play crucial roles in Zara’s
business plan. If workers are not on top of their specified job, and if
inventory is not perfectly organized, managed and distributed, the end result
will not meet up to Zara’s standards. The fact that everything from design to
retail sales are done by Inditex only increases the efficiency and allows for a
lower price-point on the items.
3 3. Zara understands that the importance of
contingency thinking in a global retailer such as their self is very important.
When providing service worldwide, it is important that they use different
methods in different economies and areas of the world. Their methods of getting
the current trends into their stores faster than anyone else are highly
efficient and create much of their success.
4 4. Zara’s statistics are continuing to
improve. BBC says, “Inditex reported a
net profit of 944m euros ($1.23bn; £758m) for the six months to 31 July, up 32%
on the same period last year.” This article also states that Zara has recently
increased their online retailing, and are continuing to do so. In this modern
age it is important that retailers utilize e-commerce, as it is a fast-growing
and lucrative industry. If they continue to expand online as well as globally
they should remain powerhouses in the fashion industry.
http://www.bbc.co.uk/news/business-19645749
http://www.fibre2fashion.com/industry-article/free-fashion-industry-article/zara-the-driving-force-in-fashion/zara-the-driving-force-in-fashion1.asp
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