Fashion Entrepreneurship and Luxury Brand Management (Online)
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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
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