Submitted by: Submitted by aoe9383
Views: 10
Words: 2807
Pages: 12
Category: Business and Industry
Date Submitted: 07/22/2015 12:04 PM
Content Page
Introduction
P.2-3
External analysis
P.4-6
Internal analysis
P.7-8
Market research of the new potential market
P.9-12
Conclusion
P.13
Recommendation
P.13-14
References list
P.15-17
1
Introduction
This project is about Uniqlo Co., Ltd. enter the new market which is Vietnam in
ASEAN(ASEAN FTA 2012). Uniqlo Co., Ltd. is a Japanese casual wear retail
company. It not only retails casual clothing but also design and manufacture their own
product. Around the world there is over 1,400 Uniqlo retail store (Fast Retailing 2014).
Uniqlo set up the design studio in New York and joint venture with South Korea's
Lotte Shopping Co., Ltd. to expand the business , these kind of international
expanding business action has been undergoing since 2004 (Fast Retailing 2010).
From 2011 to 2012, Uniqlo keeps to expand the business and involve more
international activities. In recent years, Uniqlo entered the East South Asia market
such as Thailand, Philippines and Malaysia(Fast Retailing 2013). This is the trend of
Uniqlo expands the business to East South Asia countries.
Base on Porter's Generic Strategies there is four strategies segment they are
differentiation, overall cost leadership, focused differentiation and focused cost
leadership (Porter 1980). Uniqlo invested a lot of factories in different developing
countries. Uniqlo is finding the low cost production process in those countries and
their products are targeted to broad segment. levitt claimed that when business enters
to other market with no change on the product or service it is standardization,
adaptation is there have change to adapt the local market needs (Levitt 1983). Uniqlo
business is mixed with standardization and adaptation. The product mainly with the
same style so it can reduce the production cost but the size scale for Vietnamese may
need to adjust to fit the consumer. According to Porter's Generic Strategies, Uniqlo
business...