“How do societal trends influence the practice of management in Fashion, Textile and Petroleum Industry?”

2. “Management Project
Report”
“How do societal trends influence
the practice of management in
Fashion, Textile and Petroleum
Industry?”

3. EXECUTIVE SUMMARY
Businesses today are experiencing profound pressures to reform and
improve their stakeholder-related practices and the societal trends
that those practices have on stakeholders and the natural
environment, that is, to manage for responsibility. Pressures for
managing responsibility today derive from three general sources:
primary stakeholders such as owners, employees, customers, and
suppliers; secondary stakeholders such as non-governmental
organizations (NGOs) and activists, and governments; and general
societal trends and institutional forces. Generic societal pressures
and trends include a proliferation of “best of” rankings, the steady
emergence and development of global principles and standards that
are raising public expectations about corporate responsibility, and
new reporting initiatives emphasizing the multiple bottom lines of
economic, social, and environmental performance.

4. EXECUTIVE SUMMARY (Cont.)
How do societal trends influence the practice of management in
fashion industry?
Fashion is a general term for a popular style or practice, especially in
clothing, footwear, accessories, makeup, body piercing or furniture.
Fashion industry has positive and negative impacts on society.
Societal trends which influence the practice of management in fashion
industry are;
• Culture
• Economic Status
• Environment
• Social
• Technology
Management should respond to overcome the societal trends.

5. EXECUTIVE SUMMARY (Cont.)
How do societal trends influence the practice of management in
Textile industry?
A textile is a flexible woven material consisting of a network of natural or
artificial fibers often referred to as thread or yarn.
Textile industry has positive and negative impacts on society.
Societal trends which influence the practice of management in Textile
industry are;
• Socio-Cultural
• Traditional
• Economical
• Technological
• Political
Management should respond to overcome the societal trends.

6. How do societal trends influence the practice of management in
Petroleum industry?
Petroleum is a naturally occurring, smelly, yellow-to-black liquid consisting of
a complex mixture of hydrocarbons of various molecular weights and other
liquid organic compounds, that are found in geologic formations beneath the
Earth’s surface.
Petroleum industry has positive and negative impacts on society.
Societal trends which influence the practice of management in Petroleum
industry are;
• Regional
• Economical
• Cultural Value and Spiritual
• Environmental
• Technological
Management should respond to overcome the societal trends.
EXECUTIVE SUMMARY (Cont.)

7. Societal trends influence management by forcing the managerial staff of
corporations to adapt. This is so that they can accommodate new societies.
Ultimately, the goal of any business is to market to a certain segment of
society. As a result, management must adapt accordingly.
EXECUTIVE SUMMARY (Cont.)

8. INTRODUCTION
Businesses today are experiencing profound pressures to reform and
improve their stakeholder-related practices and the societal trends
that those practices have on stakeholders and the natural
environment, that is, to manage for responsibility. Pressures for
managing responsibility today derive from three general sources:
primary stakeholders such as owners, employees, customers, and
suppliers; secondary stakeholders such as non-governmental
organizations (NGOs) and activists, and governments; and general
societal trends and institutional forces. Generic societal pressures
and trends include a proliferation of “best of” rankings, the steady
emergence and development of global principles and standards that
are raising public expectations about corporate responsibility, and
new reporting initiatives emphasizing the multiple bottom lines of
economic, social, and environmental performance.

9. How do societal trends influence the
practice of management in “Fashion
Industry”?

10. It is a general term for a popular style or practice, especially in clothing,
footwear, accessories, makeup, body piercing, or furniture. Fashion refers
to a distinctive and often habitual trend in the style in which a person
dresses or to prevail styles in behavior.
Fashion:

11. Positive Impacts:
• Girls or boys use the fashion in order to attract the representatives of their
contrary.
• Fashion industry employs some millions of people.
• It shows your thinking is modern and flexible.
• It is a way of celebrating the diversity and variety of the world in which we
live.
Negative Impacts:
• Youth only thinks about the new fashion styles and this causes money wasting
on it.
• The main task of students is study, since they spend more time on fashion, they
will have less time and energy on study.
• We seems to feel inadequate if not properly accepted by society, so we are
mentally disturbed by it and it can causes things such as anxiety, depression and
eating disorders.
• We go more for the look and the name, rather than quality.
Impacts of Fashion:

12. Societal Trends Which Influence the Practice of
Management in Fashion Industry:
Cultural:
• Societies within each culture often encourage a certain dress code for individuals. Most
people accept the cultural requirements and dress accordingly.
• Festivals/Celebrations have traditional garments worn on these occasions, e.g. in eastern
culture, brides wear white.
• Some cultures do not use wool or leather because of their respect for animals.
Economic Status:
A wide diffusion of wealth and an increase in family income is one of the most important
factors in speeding up the change in clothing patterns and styles. One strong reason for
fashion as we do is attributed to the economic status factor. Mostly people believe that status
will change their personality so for acquiring status they want to change their outlook.
Environmental:
Fashion is often dictated by climate. For example, in Scotland the kilt is made up with several
layers of fabric overlapping. This keeps the wearer warm in the cold weather. In warmer
climates, clothing is more flowing for men and women to allow the body to remain cool.

13. Social:
The social factors which affect fashion are a result of the popularity of one style or
another. When one person sees a fashion they like on another person, they might try
to reapply the look on themselves. It may change slightly, and then when other
people admire their clothing they repeat the cycle by doing the same thing. This is
how fashion is affected socially and how it evolves as well.
Technological:
Design - an idea, a solution, simplicity or beauty, there’re many words, many
thoughts. Design has changed the whole world, our perspective of looking at things.
Difference is beauty, common is ugly, simplicity is magic and complexity is tragic.
Simplicity requires design and design requires technology. Technology has
advanced and changed our lives, offering us simple solutions for complex
problems, molding our lives, our desires at its pace and making things better and
simpler for us. Design has changed our perspective, opening new horizons. If it has
the power to make things different it reserves the power to make technology
different.
Societal Trends Which Influence the Practice of
Management in Fashion Industry (Cont.):

14. Response of Management towards Societal
Trends:
They must lead in a race;
• To sense the emergent collective preferences of managers for new management
techniques,
• To develop rhetoric that describe these techniques as the forefront of
management progress,
• To disseminate these rhetoric back to managers and organizational stakeholders
before other fashion setters.

15. There are three critical lead-times that must be managed that seek to
compete successfully in fashion:
• Time-to-Market: how long does it take the business to recognize a market
opportunity and to translate this into a product or service and to bring it to
the market?
• Time-to-Serve: how long does it take to capture a customer’s order and to
deliver the product to the retail customer’s satisfaction?
• Time-to-React: how long does it take to adjust the output of the business
in response to volatile demand?
The first step in facing these challenges is to recognize, they exist, and
respond, in a considered and sensitive way. Questions of gender,
perceptions of beauty and consumer consciousness all feature strongly in
the issues that the fashion industry faces. An increasingly globalised
commercial context merely makes these questions all the more urgent.
Response of Management towards Societal Trends
(Cont.):

16. How do societal trends influence the
practice of management in “Textile
Industry”?

17. A textile is a flexible woven material consisting of a network of natural or
artificial fibers often referred to as thread or yarn. Yarn is produced by
spinning raw fibers of wool, flax, cotton or other material to produce long
strands. Textiles are formed by weaving, knitting, crocheting, knotting or
pressing fibers together.
Textile:

18. Positive Impacts:
• Labor arbitrage
• Recycling
• Changes consumer behavior
• Reduce import duties
Negative Impacts:
• Environmental pollution
• Unhealthy working conditions
• Noise pollution
• Child labor
Impact of Textile Industry:

19. Societal Trends Which Influence the Practice of
Management in Textile Industry:
Social-Cultural:
Society and culture is an important factor that must be given emphasis by any
business, specifically those who are operating in the global arena. It is important
that the company must operate in compliance with the social systems in order to
gain good reputation and effective public image. On the other hand, cultural aspects
is equally essential, in order to understand the various needs of different individuals
that belongs to different cultures.
• Population growth rate
• Age distribution
• Career attitudes
• Consumer behavior
• Religion and culture itself

20. Traditional:
Special occasions also mean the use of different textile items. Textiles are often specially used
to decorate, e.g. tablecloths, napkins with Christmas or birthday scenes on them, white
ribbons on a wedding car.
Technological:
The complexities of achieving business success through increased efficiency, effectiveness
and competitiveness, combined with innovative applications of modern technology, has
heightened the awareness of both technology and business managers towards more
strategically oriented approaches for planning and management of any industry. Hence, it is
important that industry must be able to give consideration to the technological aspects.
• Distribution and communication channels
• Technology incentives
• Automation
• Rate of technological change
• Environmental and ecological aspect
• Barriers to entry
• Production level
• Outsourcing decisions
Societal Trends Which Influence the Practice of
Management in Textile Industry (Cont.):

21. Economical:
It is important that apparel must also give enough attention to its economic stability.
The economic goal of a certain industry is like an axis in which other objectives or
goals are revolving. The economic factor involves the context in which an industry
belongs, i.e. the configuration of the competition in which a company operates the
active demand of the products, general economic condition of the nation or region,
conditions in relation with other industries, and the situation of the resource
markets.
• Economic stability
• Economic growth
• Interest rates
• Inflation rates
• Exchange rates
Societal Trends Which Influence the Practice of
Management in Textile Industry (Cont.):

22. Political:
An Industry will not be able to gain success, good reputation and trust if it will not
consider legal and political sector as part of their strategy. Political and legal
sectors include the needs of the company to follow the given policies and
regulations of the government in order to be considered as legal and authorized
business company. In this manner, industry should be able to consider political
and legal aspects so as to show that they value the policies and regulations of the
government in any of the business operations.
• Tax policy
• Employment laws
• Political stability
• Environmental regulations
• Trade and tariff restrictions
Societal Trends Which Influence the Practice of
Management in Textile Industry (Cont.):

23. Response of Management towards Societal
Trends:
They should respond towards societal trends as it needs to be tackled along smartly
and effectively;
Up gradation of Technology:
They should participate in awareness programs
Skill Development:
They should offer internship program for graduates of training institutes.
Improvement of Regulatory Environment:
They should provide feedback to government on responsiveness of regulatory
policies

24. How do societal trends influence the
practice of management in
“Petroleum Industry”?

25. Petroleum is a naturally occurring, smelly, yellow-to-black liquid
consisting of a complex mixture of hydrocarbons of various molecular
weights and other liquid organic compounds, that are found in geologic
formations beneath the Earth’s surface.
Petroleum:

26. Positive Impacts:
• Job opportunities
• Source of energy
• Economic growth
• Welfare of the society
Negative Impacts:
• Air pollution
• Oil spills
• Toxicity
• Acid rain
Impacts of Petroleum Industry:

27. Societal Trends Which Influence the Practice of
Management in Petroleum Industry:
Regional:
The exploitation of oil has a profound regional and local impact, and from the
standpoint of the majority of the local population, this impact is alarming. Rather
than bring prosperity to a region, as is often the claim, the boom-bust cycle
associated with Petroleum dependence is magnified. Localities where oil is actually
located over time tend to suffer from lower economic growth and lower per capita
incomes than the rest of the country, greater dislocations, higher environmental and
health hazards, and higher levels of conflict.
Economical:
Economically, petroleum fails to offer long-term sustainable employment
alternatives at the local level, but it can seriously disrupt pre-existing patterns of
production. The promise of new jobs that new oil exploitation seems to offer
typically attracts large numbers of migrants to an exploitation area. The rapid influx
of people and the higher relative salaries of oil project workers inflate the local
prices of key goods and services, bringing about a significant increase in the cost of
living, even for those who do not share in the benefits of an oil project.

28. Cultural Value and Spiritual:
Oil spills and Gas flares knows no boundaries so there are adverse impacts on
cultural values and social harmony. One of the most telling impacts of oil pollution
on the community is that it has led to the death and possible extinction of medicinal
plants and herbs that are rooted in our traditional medicine and spirituality and have
deep spiritual significance to the community. This degradation is brought about by
the fact that most of these herbs and plants are found in sacred grooves, shrines and
forests, which have fallen under direct destruction in the course of oil exploitation
and the toxicity of oil pollution.
Societal Trends Which Influence the Practice of
Management in Petroleum Industry (Cont.):

29. Environmental:
The environmental impact of petroleum is often negative because it is toxic
to almost all forms of life. The possibility of climate change exists.
Petroleum, commonly referred to as oil, is closely linked to virtually all
aspects of present society, especially for transportation and heating for both
homes and for commercial activities.
Technological:
Technology has been the force behind the advancement of the petroleum
industry and advances in technology will be required to further increase the
efficiency of the petroleum production process.
Societal Trends Which Influence the Practice of
Management in Petroleum Industry (Cont.):

30. Response of Management towards Societal
Trends:
The major task for the management is to identify the type of problems that
are going to benefit the most from artificial intelligence. They should cover
the following key elements;
• Establishment of an appropriate environmental policy, that is documented
and communicated to employees and made available to the public, and
which includes a commitment to continual improvement and pollution
prevention, regulatory compliance and a framework for setting objectives.
• A planning phase that covers the identification of the environmental aspects
of the organization’s activities, identification and access to legal
requirements, establishment and documentation of objectives and targets
consistent with the policy, and establishment of a program for achieving
said targets and objectives (including the designation of responsible
individuals, necessary means and timeframes).

31. • Implementation and operation including the definition, documentation and
communication of roles and responsibilities, provision of appropriate
training, assurance of adequate internal and external communication,
written management system documentation, as well as appropriate
document control procedures.
• Checking and corrective action procedures, including procedures for
regular monitoring and measurement of key characteristics of the
operations and activities, procedures for dealing with situations of non-
conformity, specific record maintenance procedures and procedures for
auditing the performance.
• Periodic management reviews of the overall, to ensure its suitability,
adequacy and effectiveness in light of changing circumstances.
Response of Management towards Societal
Trends (Cont.):

32. There are many societal trends which are influencing all industrial sectors
as it has become the part of this globalized world. Corrective measures
could be a solution to overcome societal trends, for this everyone has to
take part in overcoming these societal trends. Management, Government,
Stakeholder (primary and secondary both) should have to play an important
role here.
Conclusion

33. Societal trends influence management by forcing the managerial staff of
corporations to adapt. This is so that they can accommodate new societies.
Ultimately, the goal of any business is to market to a certain segment of
society. As a result, management must adapt accordingly.
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