Comparing two companies - "New look" and "Next" Coursework

Comparing two companies - New look and Next - Coursework ExampleAfter analyzing the forethought styles of the two companies, how they communicate in the company and the organizational structure that is followed by the company it seems as a conclusion top the report than NEXT is a better investment option as compared to parvenu LOOK.The garment industry is adept of the oldest industries in the world. The industry has been the main foreign exchange earner for many an(prenominal) countries in Asia. However there are several challenges and attention issues that this organization is facing recently. Some of the management issues being faced by the organization are advanced technology, Product life cycle, competition, consumer behaviour etcetera The recent figures that tell the story of world economy tell that condition of the world economy is non so good. Among different industries the garment industry is also a victim of the poor performance of the global economy. The rising leve ls of unemployment in europium and USA has forced the consumers in being selective regarding what are the things that they purchase. As the consumers in these countries have become choosy regarding what they purchase, this has adversely affected the countries like Bangladesh and Pakistan for whom the garment industry was one of the most important opportunities to earn foreign exchange. In the late 2008 and early 2009 the retailers of garment in the Europe and USA reported margin losses of as high as 30% in approximately cases. The consumers have changed the purchasing habits have postponed purchases in some cases, and in some other cases have impelled hard bargains. This in turn has led the producers of the garments, the garment retailers increasingly become more and more competitive. This centre the industries need to increase their efficiency in order to keep up their profitability and compete successfully in this market place. Another important management