Factors That Helped Fast Retailing Group to Grow Free Essay Example, 2750 words

It is clear from the discussion that though the top management at Fast Retailing Group (FR) did not exactly know as to the consumer preferences and market challenges they will come across, yet the CEO Tadashi Yanai did have the capacity to think about a future that he desired for the Fast Retailing Group (FR), and to consider the steps that the company needed to take to achieve this vision. This very ability did play an important role in allowing the Fast Retailing Group come out with some of the very successful apparel brands in the local and overseas markets. The special thing about Fast Retailing Group (FR) is that not only it has a formal vision, but the top management made it a point to spread this vision across the company branches and stores. Tadashi Yanai right from the start had a clear picture as to the shape that he wanted his company to take. He also had a clear picture regarding the kind of management and employees that will help him achieve this goal. This vision helpe d the top management at Fast Retailing Group (FR) come out with a mission statement that was to direct and guide the company s expansion policy over the next couple of years. We will write a custom essay sample on Factors That Helped Fast Retailing Group to Grow or any topic specifically for you Only $17.96 $11.86/pageorder now The other thing about this company vision was that it happened to be clear and exact that helped the company identify the steps to be taken to achieve success and the things that it needed to avoid to prevent setbacks. One thing that was peculiar about the Fast Retailing Group (FR) was that its vision happened to be alive that managed to incorporate and analyze the failures and setbacks that the company faced during varied stages of its diversification and expansion plans. Hence, as per the aspirations of the CEO Tadashi Yanai, Fast Retailing Group (FR) happened to be a company that believed in continual learning and adaptation.