Benetton Speech or Presentation Example | Topics and Well Written Essays - 500 words - 1

Benetton - Speech or Presentation Example Their usage of technology and the media is the greatest, bearing in mind that Benetton’s main tool of advertisement is the media; it will be easy to sell the Group’s products to them. In order to maintain Benetton’s competitive edge, the company has to make important strategic positioning changes. Europe is Benetton’s biggest market, however, the cost of running business in Europe is quite high, and the profit margins are minimal. Thus, it would be wise to cut the expenses in Europe. The Asian market provides Benetton with a large population to which it can sell its products. In spite of the Asian countries providing varying characteristics and regulations, the market shows expansive development in the retail sector that Benetton can take advantage of and sell more of its products. (Suh & Howard, 2013). The developing aspect of the Asian market presents a favourable offering that Benetton can occupy with the help of the funds it saves from the spending reduction in Europe. Moreover, the competition in Asian markets is not as harsh as that in Europe where Benetton’s competitors have established themselves. The Benetton Group has to improve its standing with more utilisation of the green strategy. One thing for sure is that it has to develop products that are environmental friendly and show dedication to the green strategy. Thus, it has to remodel the strategy around its products by signing with recognised labels. These labels have to show the company’s eco-friendliness. As noted by Garcia (2015) there number of eco-labels globally stands at 437. Using recognised labels like Energy Star in the U.S. will help Benetton to improve believability to its advertisements especially the benefits its products have on the environment. Especially at such a time when people are more aware of the importance of the environment in their lives with the effects of global warming and climate change. With the continued digitalisation of nearly every aspect of day-to-day