BACHI Barcelona

FINAL PROJECT

Final Project Guidelines

Please use this format to submit your final project. The paper must follow all the guidelines as instructed in order to obtain full grades.

Remember that our team of tutors is available for any questions regarding your final project. You must present the final version of your work as no previous corrections will be carried out. To submit the final project, students must use the template below, with their answers written after each statement.

Please present your final paper according to these requirements:

  • Arial 12 Font.
  • Margin: 2,5.
  • Line spacing: 1,5.
  • All fields on the cover page must be completed.
  • The document needs to be properly paged.

 

Your final project must be authentic and individual. Any work that has been plagiarized or papers written by others or with the help of others are likely to be failed and may incur in economic penalties.

Be aware that you are permitted a maximum of two submissions per subject. If both projects do not meet the standards and fail, the student must pay the corresponding fee to be evaluated again.

When writing your final project please use Microsoft Office, Adobe or Apache’s Open Office Writer tools (DOC, DOCX, ODT, PDF, etc.). Please consult your tutor when using a different format. Additional information about the software will be needed.

Please use the following format:

ddmmyyyy_Subject_LastNameandName.pdf

Example:

11052018_Strategic Management_ElsaMoore.pdf

The project should not exceed more than 18 pages, excluding the cover page, bibliography and the appendix.

 

Evaluation Guidelines

 

The final work will be evaluated based on the following criteria:

  • Acquired knowledge (25%): the knowledge acquired throughout the course of the subject will be evaluated through the analysis of the theoretical data shown in the project presented by the student.
  • Development of the Subject (25 %): the interpretation of the thesis subject by the student and its development will be evaluated in a coherent and analytical manner.
  • Final result (25%): the final evaluation is based on coherent solutions applied to solve objectives set out in the paper. The presentation must be conclusive and formatting must meet established parameters.
  • Additional information and bibliography (25%): additional information regarding the research and subject matter will be evaluated and taken into consideration as a bonus. This consist of: bibliography, visual graphics, charts, independent studies carried out by the student, external academic sources, articles of opinion, etc. All sources, both printed and online, must be referenced according to the APA regulations.

 

BACKGROUND

 

BACHI Barcelona (http://www.bachibarcelona.com) is a company that sells medium-high range handbags and accessories for men and women. This project has been created by two friends, Meritxell and Nuria, passionate about fashion and fully orientated to the satisfaction of their customers through their products, and it has been in the market for one year.

 

These two enterprising women have a common idea: to create comfortable accessories but without sacrificing innovative designs. Therefore, their products seek differentiation through originality, because their patterns are visible both inside and outside of the bags, thereby creating a different product.

 

BACHI Barcelona stands out for online sales through a website that tries to be intuitive and with a high navigability whilst, of course, gaining visibility for their bags and accessories. In addition, it has the following services:

  • Complete catalogue of their accessories for online sale.
  • Filtering by categories and price system, to customize searches.
  • Offers and temporary discounts on some products.
  • Form for potential customers to request information.
  • Delivery service of 24-48 hours. Cost: € 5 (other costs assumed by BACHI Barcelona). However, they offer several promotions with free deliveries.
  • National and international shipments (European Union), although they are still not very clear how to penetrate international markets.
  • “Stories by Bachi” blog, where they report announcements and related news.
  • Newsletter service (previous subscription with welcome gift).
  • Access to their social media: Facebook, Twitter, Instagram and Pinterest.

 

In relation to other information of interest:

  • Human capital is composed only of them: Meritxell and Nuria. They both have extensive knowledge of the fashion industry and new trends. Also, they have earned a degree in Law, so they have great knowledge in legal matters.
  • High involvement, enthusiasm, desire to grow and meet the needs of customers in the fashion and accessories sector.
  • They have external consultants in different areas such as Marketing, Community Manager, Web Positioning, Accounting, Photography, Web Programming or Modelling.
  • Clear awareness of the importance of the presence of BACHI Barcelona in social media to obtain a good position in the market.
  • Low bargaining power of the price of the deliveries until they start getting a higher number of orders.
  • Very close relationship with their suppliers. Currently they are working with 20 suppliers because of the many details that their accessories have. These are local Eco Friendly suppliers, thus contributing to the sustainability and development of local commerce, even though this may translate into less competitive prices than if they worked with suppliers from countries with different labor rights cultures.
  • All their designs are unique and handcrafted in Barcelona.
  • The stock policy is very clear: refuse to work on request. They prefer to have surplus for all their star and classic products. They will only work on request for cost or limited edition designs.
  • At a financial level, they work with a Business Expansion Account for SMEs with advantageous conditions in terms of fees and bank charges, but they do not have financing.
  • They often base their strategy on participating in fairs and events to bring their product and brand closer to the public, at strategic points such as Barcelona, Tarifa and different Italian cities, avant-garde in the latest fashion.
  • Currently BACHI Barcelona faces stiff competition. Their main competitors are:

 

Meritxell and Nuria have some priorities related to gaining presence in social networks and increasing their competitive advantages over their main competitors. They consider it very important to increase the number of subscribers on the web, get more followers to increase visibility, try new ways of online communication (guest posting, banners, collaboration with bloggers and other national and international friendly companies) and increase sales from the promotions they make.

 

Although they are very aware of these facts, they have never stopped to elaborate a strategic plan that helps them achieve their main goals for BACHI Barcelona. For this reason they’re contacting you to help them in this task.

 

 

RESOLVE

 

  1. Create the mission, vision and values of BACHI Barcelona

 

Mission:  Bachi Barcelona brings innovative fashion to ladies & gents by making unique quality bags & accessories comfortable.

Vision: Offering a collection of innovative handmade bags &accessories that complements an outfit elegantly so that our customers feel fashionable and unique.

Values: We encourage innovation to satisfy our customers. We commit to high quality innovative products. We strive to make fashion comfortable and affordable. We believe in trust and respect when conducting business. We pursue excellence in everything we do.

 

 

 

 

 

 

 

 

 

  1. With the information provided, we need to carry out an internal analysis based on the evaluation of both the website and any internal elements mentioned.
    • Describe and explore the competitive advantages and disadvantages of BACHI regarding its competitors.
    • Identify the tangible resources (physical and financial), the intangible resources and the capacities that we have.
    • Prepares a VRIO analysis of the resources of BACHI Barcelona
    • Conclude the exercise with a small matrix that reflects the resulting Strengths and Weaknesses.

 

 

  • Competitive advantages and disadvantages:

Bachi Barcelona competitive advantage lies with offering similar products i.e. bags and accessories but of lower prices than of the competitors which is comparative advantage.  Another advantage which differentiates Bachi Barcelona from its competitors is their collection which includes men products not only women unlike their competitors who focus on women as customers. They also differentiate themselves by selling comfortable accessories without sacrificing innovation and originality, because their patterns are visible both inside and outside of the bags, thereby creating a different product.

 

 

 

Disadvantages: still not very clear how to penetrate international markets.

 

differentiation through originality, because their patterns are visible both inside and outside of the bags, thereby creating a different product.

 

BACHI Barcelona stands out for online sales through a website that tries to be intuitive and with a high navigability whilst, of course, gaining visibility for their bags and accessories. In addition, it has the following services:

  • Complete catalogue of their accessories for online sale.
  • Filtering by categories and price system, to customize searches.
  • Offers and temporary discounts on some products.
  • Form for potential customers to request information.
  • Delivery service of 24-48 hours. Cost: € 5 (other costs assumed by BACHI Barcelona). However, they offer several promotions with free deliveries.
  • National and international shipments (European Union), although they are still not very clear how to penetrate international markets.
  • “Stories by Bachi” blog, where they report announcements and related news.
  • Newsletter service (previous subscription with welcome gift).
  • Access to their social media: Facebook, Twitter, Instagram and Pinterest.

 

In relation to other information of interest:

  • Human capital is composed only of them: Meritxell and Nuria. They both have extensive knowledge of the fashion industry and new trends. Also, they have earned a degree in Law, so they have great knowledge in legal matters.
  • High involvement, enthusiasm, desire to grow and meet the needs of customers in the fashion and accessories sector.
  • They have external consultants in different areas such as Marketing, Community Manager, Web Positioning, Accounting, Photography, Web Programming or Modelling.
  • Clear awareness of the importance of the presence of BACHI Barcelona in social media to obtain a good position in the market.
  • Low bargaining power of the price of the deliveries until they start getting a higher number of orders.
  • Very close relationship with their suppliers. Currently they are working with 20 suppliers because of the many details that their accessories have. These are local Eco Friendly suppliers, thus contributing to the sustainability and development of local commerce, even though this may translate into less competitive prices than if they worked with suppliers from countries with different labor rights cultures.
  • All their designs are unique and handcrafted in Barcelona.
  • The stock policy is very clear: refuse to work on request. They prefer to have surplus for all their star and classic products. They will only work on request for cost or limited edition designs.
  • At a financial level, they work with a Business Expansion Account for SMEs with advantageous conditions in terms of fees and bank charges, but they do not have financing.
  • They often base their strategy on participating in fairs and events to bring their product and brand closer to the public, at strategic points such as Barcelona, Tarifa and different Italian cities, avant-garde in the latest fashion. Meritxell and Nuria have some priorities related to gaining presence in social networks and increasing their competitive advantages over their main competitors. They consider it very important to increase the number of subscribers on the web, get more followers to increase visibility, try new ways of online communication (guest posting, banners, collaboration with bloggers and other national and international friendly companies) and increase sales from the promotions they make.

 

 

  • Identify the tangible resources (physical and financial), the intangible resources and the capacities:

tangible resources:

  • The stock policy is very clear: refuse to work on request. They prefer to have surplus for all their star and classic products. They will only work on request for cost or limited edition designs.
  • At a financial level, they work with a Business Expansion Account for SMEs with advantageous conditions in terms of fees and bank charges, but they do not have financing.

They often base their strategy on participating in fairs and events to bring their product and brand closer to the public, at strategic points such as Barcelona, Tarifa and different Italian cities, avant-garde in the latest fashion.  Meritxell and Nuria have some priorities related to gaining presence in social networks and increasing their competitive advantages over their main competitors. They consider it very important to increase the number of subscribers on the web, get more followers to increase visibility, try new ways of online communication (guest posting, banners, collaboration with bloggers and other national and international friendly companies) and increase sales from the promotions they make.

the intangible resources:

  • Human capital is composed only of them: Meritxell and Nuria. They both have extensive knowledge of the fashion industry and new trends. Also, they have earned a degree in Law, so they have great knowledge in legal matters.
  • High involvement, enthusiasm, desire to grow and meet the needs of customers in the fashion and accessories sector.

They have external consultants in different areas such as Marketing, Community Manager, Web Positioning, Accounting, Photography, Web Programming or Modelling.

Very close relationship with their suppliers. Currently they are working with 20 suppliers because of the many details that their accessories have. These are local Eco Friendly suppliers, thus contributing to the sustainability and development of local commerce, even though this may translate into less competitive prices than if they worked with suppliers from countries with different labor rights cultures

 

the capacities

 

 

  • VRIO analysis of the resources

 

  • Strengths and Weaknesses.

 

Strengths

online sales through a website that tries to be intuitive and with a high navigability, Complete catalogue of their accessories for online sale.

 

 

  • Filtering by categories and price system, to customize searches.
  • Offers and temporary discounts on some products.
  • Form for potential customers to request information.
  • Delivery service of 24-48 hours. Cost: € 5 (other costs assumed by BACHI Barcelona). However, they offer several promotions with free deliveries. “Stories by Bachi” blog, where they report announcements and related news.
  • Newsletter service (previous subscription with welcome gift).
  • Access to their social media: Facebook, Twitter, Instagram and Pinterest.
  • They often base their strategy on participating in fairs and events to bring their product and brand closer to the public, at strategic points such as Barcelona, Tarifa and different Italian cities, avant-garde in the latest fashion. Meritxell and Nuria have some priorities related to gaining presence in social networks and increasing their competitive advantages over their main competitors. They consider it very important to increase the number of subscribers on the web, get more followers to increase visibility, try new ways of online communication (guest posting, banners, collaboration with bloggers and other national and international friendly companies) and increase sales from the promotions they make.

 

 

 

 

 

  1. Perform an external analysis (macroenvironment and microenvironment) of the current situation.
    • PEST
      1. 4 elements of the economic structure.
      2. 2 elements of the technological structure.
  • 2 elements of the political structure.
  1. 2 elements of the social structure.

 

  • Analysis of the 5 Porter Forces
    1. Bargaining power with suppliers.
    2. Power of negotiation of the consumers.
  • Threat on income of substitute products.
  1. Threat of new competitors.
  2. Rivalry among competitors.
  • End the exercise with a small matrix that reflects the resulting Opportunities and Threats.

 

 

  1. In accordance with the Weaknesses, Strengths (internal analysis), Opportunities and Threats (external analysis), propose the following:
    • Defensive strategy.
    • Offensive strategy.
    • Survival strategy.
    • Reorientation Strategy.

 

 

 

  1. Develop a BSC in the form of a matrix.

 

 

 

  1. Based on the contribution of Michael Porter, you must propose and justify the following (one of each):
    • Strategy in Cost Leadership.
    • Differentiation Strategy.
    • Focus Strategy.

 

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Ace Writing Center has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Ace Writing Center, Nowadays, students normally have extremely busy schedules. You will note that some of them have to take on some evening or weekend jobs in order to get some income that can help them to sustain in college or in the university. This can deny them a chance to write all the essays given. Others usually get bombarded with a lot of work by their lecturers. This can still delay such students from working on all their essays. However, some of them usually try to work on all these essays but end up delivering their work late. This can prevent them from graduating since most lecturers are strict on deadlines. If you want to write a business essay, the wise way is to hire an outstanding essay writing service like us, so that you can get the best results. If you are keen, you will note that many companies usually overcharge their customers. Some of them are there only to make money. And in reality, they really don’t care to build a long term commitment with students. You should not choose such companies. You should take your time and choose a reliable company to work with. Ace Writing Center is the ultimate solution for you. We have been offering our writing service for more than 7 years. This is a clear indication that you will get quality essay writing service. We have a wide range of writers who can work on any business essay that you might have. We believe in doing extensive research so that we can provide quality work to all our clients. .

Admissions

Admission and Business Papers

Have you ever had to write an admission essay for college? The majority of students face the same issues when applying to a university or college and many in such situations decide they need professional help to cope with this matter. They get in a situation when the deadline keeps coming closer but lack motivation to start because they are just not sure if their writing skills are strong enough. We have a solution for you! Ace Writing Center is the best admission essay writing service with a large professional team and years of experience in providing high-quality papers to students of all levels and faculties. The mission of our team is to help students make their dreams of entering a good college come true and that’s what we offer!.

Editing

Editing and Proofreading

Sometimes all the words for your paper just flow out of your mind and into your fingers. You type quickly at your keyboard and there they are, your beautiful words right there on the screen. But you have no idea how to polish it up. You may be wishing there was a paper writing service that offered this type of writing service. Look no more! Here at Ace Writing Center, we offer you an editing and proofreading option that you can't find anywhere else..

Coursework

College Essay Writing

In case you are familiar Ace Writing Center, you know the way to distinguish a better company from a cheap one exactly. First of all, poor service website does not have a sufficient support. We think support team is an essential part of success; it has to answer all clients’ questions and be a connecting link between clients and their writers. On our web-service you will get answers about anything you need and your writer will receive all your instructions, assignments and requirements exactly and swiftly. A writing service that we run has got a flexible pricing system that will save you from senseless wastes and many bonus systems that let you sparing money for something important for you.