FashionCo is a fashion retailer that has 30 retail shops established across the UK. What decision should be made to diversify the markets within which it operates?
Outline five key developments that are affecting the fashion industry. Analyze one key external PESTLE factor likely to influence the business’s expansion plans. Analyze what type of organizational structure and culture FashionCo can adopt to facilitate collaboration and teamwork among workers. Advise on a type of leadership style FashionCo executives and managers can adopt to support your proposed structure and culture. Advise FashionCo on how it can employ positive psychological contracts to ensure workers are motivated, satisfied, and retained.