QUESTION NO: 1
EFFECTIVENESS OF WILLIAM BISSEL LEADERSHIP:
The Bis sell wants to pursue both social and profit goals. The current management believes that the growth and development in the business depen don the sustainable employment to alleviate the rural poverty. They emphasize more onto the product by doing extensive research and adding more product lines such as furniture, jewelry and personal care products and even organic food.
They expanded the business to all over the India. They manage to convey a sense of youth. They also appoint eager and informative sales personnel. Introduction of Khadi, a hand loom textile considered being the symbol of self reliance. The Store managers are handed an entrepreneurial job, which allows them to develop the stores as per the changing needs of the customer and provide feedback to the headquarters of the company. They also improve their merchandising techniques, which enable them to track new styles. They also provide customers with the “complete home solution” by creating a one stop shop.
All these developments enable the company to raise their revenues double in 2 years up to 1.3 billion.
SIMILARITY OF HIS LEADERSHIP WITH VISION:
Fabindia’s supply chain improves their network, resulted over 15000 weavers and artisan spread over rural India. They have mastered themselves in the making of silk weaving and printing techniques. The good relations with suppliers have made all these changes possible, which directly reflects their vision of creating collaboration with their suppliers.
They are expanding their business to almost all over the India with increasing sales and reputation, which reflect that they creating the value for the customers and for the company. This has enabled them to restrict themselves in doing extensive advertising and saving their cost. This also reflects their vision of expanding their business.
Also providing the customers chance of giving feedback about their products and making changes accordingly like they did in the revival dying skills and crafts and this also creates the employment opportunities.
DIFFERENCE OF HIS LEADERSHIP WITH HIS FATHER:
One of the main differences between their leadership is that John Bissell has set its target inside the boundary of his country and has not made any plans of expanding his business both globally and locally while his son after stepping in this company has changed its vision to expand the business across the border by doing exports.
In the early years, they are not applying the retail concepts while in the new leadership the company has emphasized more on the retailing business. Moreover, the store manager has been provided with an entrepreneurial role in the leadership of William Bissell. The leadership of William Bissell has changed the culture to Western from their eastern one.
RATING:
The rating that is suitable for the above task is 4. The reason behind this is that William Bissell does manage to provide growth to his company and complying with social mission, but some major problems are still unsolved like he is struggling to provide sustained quality and also they are not aware of any fashion trend which has limited their growth up to a certain scale.
QUESTION NO: 2
STRATEGIC AND OPERATIONAL CHALLENGES FACED BY FABINDIA AT THE TIME OF THE CASE:
The main challenges face by the Fabindia is to produce the world class textile products without making huge investments in their production, which means to make its capital intensive as that will leave out the artisan. They are facing huge challenges in order to designate the artisans, provide them enough training and skill to make them independent.
They are using the materials from within their country, which restricts them to provide the product with the sustained quality and in order to meet the global standards they need to take steps in order to sustain their quality by outsourcing of raw material.
They are struggling to develop a strategy which provides consistency in their stores. They are also not involved in the fashion trends which has become a true nightmare for them as more and more substitute are coming with greater innovativeness. It will be hard for them to maintain their market share in the future.Fabindia Overseas Pvt Ltd Case Solution
QUESTION NO: 3
ROLE OF FABINDIA’s SUPPLIER ECOSYSTEM IN GOING FORWARD:
The Fabindia’s vision of looking towards its suppliers as a business partner will create many opportunities for them to overcome their current problems and go forward. The supplier ecosystem will enable them to get aware of current fashion trends and make changes in their product accordingly, but also kept that mind on the changes must reflect their social mission.
This system will also help them to know about their competitor’s moves and their future strategies, so, that they can also develop a strategy to tackle that future challenge.......................
This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.