Client Evaluation; Bobbles & Lace

Name: Professor’s name: Course: Date: Client Evaluation; Bobbles & Lace Introduction In the effort to survive the increasing competition in the retail industry especially the fashion sector Bobbles & Lace reached out for insight on sustainable growth and development of its business. The consultancy embarked on comprehensive research of the business entity as well as its micro- and macro environments to develop an effective strategy for achieving the said outcome. Provided herein is a holistic approach towards the evaluation of Bobbles & Lace through a systematic analysis of various elements within and outside the business organization. The first section of the memorandum provides an overview of the daily business operations of the firm, which highlights various aspects such as leadership and management as well as its business strategies. The overview of the retail entity will be followed by an analysis of various aspects within its external business environment such as the fashion industry itself, competitors, and customers. An appropriate framework for analyzing the firm’s potential for growth in the highly competitive sector will make up the third section of the memorandum. The section will highlight the areas of strength, weaknesses, opportunities, and threats for the organization. The successful completion of the above sections allows for the overall analysis of the firm. The overall analysis serves to identify the key areas of success within the firm or its working strategies while also pointing out at the challenges or factors limiting its potential for growth. The analysis section also provides solutions for dealing with the limitations while also coming up with questions the firm has to answer during client presentation for clarity purposes and making of effective or rather suitable recommendations. Client Details It is evident that the main reason for Bobbles & Lace to seek consultative services is to develop an effective strategy for sustainable business growth and development. The fashion industry is highly competitive and maintaining one’s share of the market calls for the implementation of effective strategies across the different aspects of the business organization. Identifying the key areas of concern for the client, Bobbles & Lace, such as its strengths and the available growth opportunities would play a significant role in ensuring that the firm achieves its desired outcome. * Overview of the Client’s Business Bobbles & Lace is a fashion retail outlet specializing in trendy women’s wear with a renowned presence in designer clothes, shoes, and jewelry. The clothing category, for instance, consists of designer clothes such as denim, tops, dresses, jumpsuits, outdoor clothing, and animal prints. The firm also shelves different types of shoes including booties, boots, sneakers, wedges, pumps, sandals, as well as flats. Bobbles & Lace further accessorize their clothing line and shoes with exquisite jewelry, hats, gloves, scarves, sunglasses, and handbags. The outlined items are the main source of revenue for the retail fashion entity.[Lace, Bobbles &. "Our Story." 2019. Bobbles & Lace. /service/about/. 10 September 2019] Bobbles & Lace is co-owned by Valerie White a...