Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org
Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org
This May marks a huge anniversary for a brand that utterly transformed the way we dress, a company that became a chameleon, adapting instantly to the hottest trends. We’re talking about Zara, celebrating 50 years of disrupting the fashion world!
How did a small operation, started in A Coruña, Spain, by an entrepreneurial couple, Amancio Ortega Gaona and his wife Rosalia, become a global powerhouse worth over $171 billion? What was the secret behind Zara’s "fast fashion" model, a system so agile it could take a design from sketch to store in a mere two weeks, while competitors were still planning months ahead?
Join us as we explore the revolutionary pillars of Zara's success: from their pioneering vertical integration and rapid design turnover to their incredibly efficient distribution and unique "scarcity" strategy that keeps you coming back for more.
But it's not all glamorous runways and record sales. We'll also delve into the significant challenges Zara faces today – from intense competition with ultra-low-cost rivals like Shein and Temu, to the increasing backlash against fast fashion's environmental and social impact. Can Zara truly pivot towards sustainability while maintaining its core DNA of speed and volume?
You can find a transcript here
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