Fashion Entrepreneurship and Luxury Brand Management (Online)

Page created by Philip Mcdonald
 
CONTINUE READING
Fashion
     Entrepreneurship
     and Luxury Brand
       Management
          (Online)

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Syllabus:

      •    Unit Title: Fashion Entrepreneurship and Luxury Brand Management (Online)
      •    Credit Value: 3
      •    Contact Hours: 30
      •    Self-directed Study Hours: 30
      •    Tutor: Alison Lowe

 Introduction:
 Luxury brands may project the solidity and permanence of an impenetrable fortress, but this contrived deceit
 masks the creative skill and business acumen of entrepreneurially spirited individuals carefully managing every
 aspect of their fragile industry.

 In this course you will gain an understanding of the principles and practices behind luxury
 brand management including economic management, production and distribution channels of a
 brand.

 This unit is aimed at aspiring fashion entrepreneurs who dream of starting or managing a luxury fashion brand
 and want an overview of the development, planning, marketing and management involved. Gaining a
 comprehensive understanding of the current global luxury brand climate is key to this unit. You will research
 trends, gain an understanding of Trend Forecasting and consider who is the luxury consumer.

 Through a combination of lectures, discussions and workshops you will gain knowledge of the techniques
 needed to develop, produce and market a luxury product. Topics covered will include sourcing strategy,
 production process, target market customer profiling, financially driven marketing strategies and the broad
 range of tools with which to present product from packaging to e-commerce.

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Learning Outcomes:
 Upon successful completion of this course you will be able to:

      •    Demonstrate your ability to plan and implement a project of self-directed and systematic primary
           and secondary research into the market (Enquiry)

      •    Analyse the steps taken in launching a new fashion label, connecting theory with practice
           (Enquiry)

      •    Experiment with business ideas and concepts to create a unique brand proposition(Enquiry)

      •    Apply theoretical business models and tools to the development of a differentiated emerging
           fashion label (Knowledge/Realisation)

      •    Present your business concept with clarity, sharing your reflections on your learning and
           evaluating your business proposition (Communication/Realisation/Process)

 Teaching and Learning Methods:

          • Lectures and discussions
          • Group work
          • Guided creative projects you can complete from home or your local areas
          • Individual tutorials
          • Project work and Presentations

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Assignment Brief:

Start Your Own Label

Team Work

You will be part of an online mentoring support team, which means you will share ideas, good practise,
research and provide pastoral support to your peer start-up founders.

When mentoring, remember the following key areas:

    •    Listen actively and provide constructive feedback
    •    Build trust
    •    Encourage
    •    Identify goals each week to be achieved
    •    Inspire
    •    Share ideas, contacts, research

Each student will provide a reflective journal entry of their mentoring experience – 200-500
words

Individual Work

    •    You will develop a business plan based on your group work but you will include an executive
         summary that is your personal, entrepreneurial assessment of the business needs of your
         start-up label
    •    The business plan will include all personal investigations, research and analysis of the
         fashion market
    •    The business plan is an individual, self-directed task and not a group activity. The plan to
         include detail under all the headings of the business plan format
    •    Ensure that the work is supported by relevant visuals, is correctly referenced and includes a
         full bibliography

Word count: 2,500 – 3,500 words

Format:

    •    Weekly presentations of no more than 5 minutes outlining your research, findings, ideas and
         proposals for the start-up business.
    •    A written business plan with content and visual style worthy of the brand you are
         researching. The plan to include information for all the business plan format headings
         including range plan, product development, finance, marketing and sales. Minimum 2,500
         maximum of 3,500 words – please include the word count on the first page
    •    Reflective Journal Entry – an reflective statement on the mentoring experience – 200-500
         words
    •    Bibliography: Please include a bibliography (if applicable). JUST web links are not
         acceptable. You are expected to do some reading, as well as source info online
    •    Images: All illustrations / images MUST have captions & source

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Note:

    •    Plagiarism - evidence of plagiarism will result in a fail grade for all parties concerned
    •    Remember when photocopying or taking notes from a book, write down the publication details
         to enable you to include them in your bibliography
    •    Keep a photocopy of your work and back up disc. Your work is your responsibility and
         you must safeguard it against loss
    •    Quality is important not quantity
    •    Do NOT use unreliable sources such as WIKIPEDIA. Any such references will not be
         accepted

Research:
Throughout the module you should research trade and academic publications. You must conduct
primary and secondary research to inform your work.

Assessment Methods:
Assessment will be against the specified marking criteria.
The course is assessed holistically (100% of the course).

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Outline:
    •    Lecturer:          Alison Lowe
    •    Location:          Online
    •    Day:               Wednesdays

    •    Time:              4.30 – 6.30

Materials and Equipment:
    •    Notebook & pen for note taking

Timetable:
From time to time alterations may be made to the scheme of work to take account of students’ progress
and unforeseen events or opportunities. If so, you will be informed in advance where possible, but check
Moodle daily. The scheme of work is intended only as an outline of topics to be covered and is not a
definitive list of what will be included in individual sessions.

     Date/ Time                  Lecture Topics /Learning Activities      Additional Information

     Wednesday                   Introduction Lecture:
     03.02.2021                      • Introduction to the Module          Decide on your proposed
                                     • Introduction to the Tutor           business concept, ready to
     4.30 – 6.30pmGMT                • The course Schedule                 present your first idea at the
                                     • The assignment                      start of the next class
                                     • The Changing World of Luxury
                                        Fashion

     Wednesday                   Presentation of Business Concept         Prepare your presentation for
     10.02.2021                                                           the following week
                                 Lecture:
     4.30 – 6.30pmGMT                • What is an entrepreneur and        Reflect on your personal
                                          what are their traits?          strengths and weaknesses of
                                     • Advantages / Disadvantages         being an entrepreneur
                                          of Being Your Own Boss
                                     • Jack of all Trades, multi-
                                          tasking in small fashion        Have an online support
                                          businesses – job functions      session with your team mates

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Wednesday                   Presentation of Business Concept             Prepare your presentation for
     17.02.2021                                                               the following week
                                 Lecture:
     4.30 – 6.30pmGMT                • Business planning and business         Create your business template
                                          modelling                           documents
                                     • Business model templates
                                                                              Have an online support
                                 Tutorial Time                                session with your team mates

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   Presentation of Business Concept             Prepare your presentation for
     24.02.2021                                                               the following week -
                                 Lecture: The Business Structure
     4.30 – 6.30pmGMT                • Where to base your
                                          business, the structure,            Have an online support
                                          supply chain and                    session with your team mates
                                          environment
                                     • Researching competitors and
                                          stores you would like to be
                                          stocked in
                                     • Initial costings of your start up

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   Presentation of Business Concept             Prepare your presentation for
     03.03.2021                                                               the following week
                                 Lecture: Your Product and Your
     4.30 – 6.30pmGMT            Signature                                    Have an online support
                                     • Trends                                 session with your team mates
                                     • Designing – signature

                                 Tutorial Time

                                 Group Exercises:

                                      •     There will be mini-exercises,
                                            tasks and activities throughout
                                            the session

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Wednesday                   Presentation of Business Concept         Prepare your presentation for
     10.03.2021                                                           the following week
                                 Lecture: The Competitive
     4.30 – 6.30pmGMT            Environment                              Have an online support
                                      •   Identifying the Customer        session with your team mates

                                 Tutorial Time

                                 Group Exercises:
                                    • There will be mini-exercises,
                                       tasks and activities throughout
                                       the session

     Wednesday                   Presentation of Business Concept         Prepare your presentation for
     17.03.20.21                                                          the following week
                                 Lecture: Manufacturing – Sampling and
     4.30 – 6.30pmGMT            Production                               Have an online support
                                     • Pricing                            session with your team mates
                                     • Sourcing – fabrics and suppliers
                                     • Sampling & Production
                                     • Working with Manufacturers

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   Presentation of Business Concept         Prepare your presentation for
     24.03.2021                                                           the following week
                                 Lecture:
     4.30 – 6.30pmGMT                • Your Product                       Have an online support
                                     • Range Planning                     session with your team mates
                                     • Legal – Intellectual Property
                                     • Developing a Critical Path

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   TBC                                      Prepare your presentation for
     31.03.2021                                                           the following week

     4.30 – 6.30pmGMT                                                     Have an online support
                                                                          session with your team
                                                                          mates

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Wednesday                   Presentation of Business Concept           Prepare your presentation for
     07.04.2021                                                             the following week
                                 Lecture – Selling Your Collection
     4.30 – 6.30pmGMT                • Wholesale/ retail/online             Have an online support
                                     • Pricing                              session with your team mates

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   Presentation of Business Concept           Prepare your presentation for
     14.04.2021                                                             the following week
                                 Lecture:
     4.30 – 6.30pmGMT                • Marketing and PR                     Have an online support
                                                                            session with your team mates
                                 Tutorial Time

                                 Group Exercises:
                                    • There will be mini-exercises, tasks
                                       and activities throughout the
                                       session

     Wednesday                   Presentation of Business Concept           Prepare your presentation for
     21.04.2021                                                             the following week
                                 Lecture: Creating an Online Presence
     4.30 – 6.30pmGMT                • Social selling and PR                Have an online support
                                     • Social Media                         session with your team mates

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

     Wednesday                   Presentation of Business Concept           Prepare your presentation for
     28.04.2021                                                             the following week
                                 Lecture:
     4.30 – 6.30pmGMT                • Writing a financial plan             Have an online support
                                     • Cash flow management                 session with your team mates

                                 Tutorial Time

                                 Group Exercises:
                                     • There will be mini-exercises,
                                        tasks and activities throughout
                                        the session

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Wednesday                   Presentation of Business Concept       Prepare your presentation for
     05.05.2021                                                         the following week
                                 Lecture – Financing a start-up brand
     4.30 – 6.30pmGMT                • Investment                       Have a final online support
                                     • Crowd funding                    session with your team
                                                                        mates

     Wednesday                   Final Presentation of Business         Final presentation
     12.05.2021
                                 Transferable skills – taking your      Complete Business Plan and
     4.30 – 6.30pmGMT            learning into the fashion industry     submit by 5 pm.

                                 Tutorial Time

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Reading List:

Essential:

Lowe, Alison (2019) How to Start Your Own Fashion Label, The Definitive Guide

Recommended:

Gehlhar, Mary: (2005) Fashion Designers Survival Guide. Kaplan Business

Posner, H. (2011) Marketing Fashion. London: Laurence King

Jackson & Shaw: (2006) The Fashion Index Macmillan

Wadell. Gavin: (2004) How Fashion Works: Couture, Ready to Wear and Mass Production.
WileyBlackwell

Burns, Leslie Davis: (April 1, 2002) The Business of Fashion, Designing, Manufacturing and Marketin.
Fairchild Pubns; 2 edition

Websites:
www.businessoffashion.com

www.voguebusiness.com

www.fashionunited.uk

www.fashionnetwork.com

www.drapersonline.com

Referencing:

It is essential that you cite and reference just about any source and to avoid plagiarism.
Use your own images and drawings wherever possible.

UAL Academic Affairs advises that the Harvard Referencing Style on the Cite Them Right Online
website is used for all taught courses. The site also allows you to create your own references by
copying the layout illustrated; you can then email the example to yourself or cut and paste it into a
document.

On campus go to Cite Them Right and you will be automatically logged on. To login off
campus go to Cite Them Right (off Campus) you will be asked to go via your home institution
and then to log in with your University login and password.

All content © copyright UAL Study Abroad,
University of the Arts London 2020
Assessment Criteria:

Level 4
Enquiry                                 F                   E              D              C               B           A
Engagement in practice informed by      Little or no        Insufficient   Satisfactory   Good evidence   Very good   Excellent
analysis and evaluation of relevant     evidence            evidence       evidence                       evidence    evidence
practices and ideas

Knowledge                               F                   E              D              C               B           A
Foundational practical, theoretical     Little or no        Insufficient   Satisfactory   Good evidence   Very good   Excellent
and/or technical knowledge of the       evidence            evidence       evidence                       evidence    evidence
subject

Process                                 F                   E              D              C               B           A
Experiment and review methods           Little or no        Insufficient   Satisfactory   Good evidence   Very good   Excellent
and results                             evidence            evidence       evidence                       evidence    evidence

Communication                           F                   E              D              C               B           A
Setting out intentions, contexts,       Little or no        Insufficient   Satisfactory   Good evidence   Very good   Excellent
sources and arguments                   evidence            evidence       evidence                       evidence    evidence
appropriate to your audiences

Realisation                             F                   E              D              C               B           A
Recognition of options and              Little or no        Insufficient   Satisfactory   Good evidence   Very good   Excellent
choices related to production of        evidence            evidence       evidence                       evidence    evidence
outcomes

                All content © copyright UAL Study Abroad,
                University of the Arts London 2020
You can also read