finance

It's more than that

Image c/o University of York

We tend to think about finance as a math-based field with numbers, data, charts, and formulas. It’s much more than that – people make decisions about their money based on their outlook on the economy. And these decisions are all based around their own personality and psychology; therefore, there is so much more to finance and economics than finance and economics. If we think through the lens of history, psychology (e.g., greed and fear), sociology (e.g., keeping up with your neighbours), and politics (e.g., Why are certain regulations put in place?). All these fields of study are based around how people think and behave, and behaviour is such a big incumbent field. I think there is a lot we could learn from economics and finance if we looked through the lens of those other subjects.


Jack Ma at World Economic Forum (video)

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"We really need to pay attention to people who are 30 years old, to the next 30 years and to companies that have less than 30 employees. What are you most looking forward to and most scared off in the next 30 years?" Watch the full interview here


A Blast From The Past - "Fashion Talks 2013"

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THE BRIEF

The Fashion Talks is a one-day conference about the fashion industry where we want to touch on the difficulties but also the opportunities in the fashion industry nowadays. Different topics will be brought on stage by a wide variety of national and international speakers.

The main idea of the speeches is that these are 'inspirational pitches' about each speakers' speciality. We want to inspire the audience to be more entrepreneurial, more creative and innovative in the way they do business.  

In a way, it is about sharing your vision on how the industry will evolve in the future with a focus on your speciality domain. Every speech preferably has a practical approach (to make it more lively) stated with examples, images and numbers (wherever possible).

We would like you to touch on how to work with and motivate a fashion team; how the creative department, the sales team, the production team etc… can work together and stay motivated.

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PRESS RELEASE (English text)

According to you, can a young independent fashion label keep up with the competition of larger, more established fashion companies and international fashion chains? And what would be the 'key to success'? 

In general, it will always be difficult for a young independent fashion label to keep up with the competition of fashion chains and more established fashion companies for an obvious reason - Economy. The economy of small companies means that they struggle to have the resources to pay for the basic things to keep the company afloat, therefore, choices have to make - Catwalk show or trade fair? Silk or crepe de chine? With no marketing budget, it's hard to compete when speaking about paid media.

The key to success for young independent fashion labels is online via social media. As plagiarism is rife in the fashion industry, social media has established a more level playing field, which has given the young independents an opportunity to make a name for themselves before the more established companies have the opportunity to react. 
 

Which fashion week's gain importance worldwide? E.g. in Asia, and the Middle East – these regions are upcoming in fashion…?

The big four (London, Milan, Paris and New York) will always be at the forefront when speaking about the importance of fashion weeks. Why? Traditionally, this is where the big designers show their couture collections and where the media focus the majority of their attention. Tokyo is the gateway into Asia, but I have never seen the media coverage in the West to make me think that Tokyo should be added to the "big 4". 

With regards to the Middle East, they are consumers rather than trendsetters in my opinion. Perhaps, this will change in the future, but for now, it's all about their buying power.
 

Live @ Fashion Talks 2013