I admit I have a penchant for business and trading. Not a single day goes by without me reading up on the latest fashion trends and marketing techniques. Having parents who are trading agents for a shoe company, I have been immersed in the trading and retail industry since I was little. As such, it becomes second nature for me to spend most of my time navigating around the shopping malls, exhibition centers and fashion shows to help them design shoes. It was from these early memories that I developed a keen sense of understanding for business and started to dream that one day I can be a successful banker.
I have always seen my success as being hinged on my ability as a manager. As the boss of a Japanese clothing store on Yahoo Shopping, I have had the challenge and opportunities to not only apply my initiative to harness new technologies but also to develop new management techniques. It was through this that I was able to not only cost down several of the retail items but I also improved marketing and visibility of the store through the internet and social networks.
Prior to me taking over the business, the retail market in Japan was struggling, particularly for clothes. The basic operation model is that the seller flew to Japan and brought clothes back to Taiwan. It was pretty difficult to predict which kinds of clothes would be welcomed by the consumers and thus translated into high costs including the business trip fees and risks of storage, making the prices too high to afford. Realizing this, I reversed the condition by making use of technology and the Internet. I utilized the tactic of cutting down the profit margin to sell more.
The first step was just like other sellers, I went shopping for the newest fashion in clothes. However, I used myself as model, putting on the clothes, taking the pictures and then uploading these pictures to the Yahoo Shopper. By checking my website everyday, I traced the orders of the buyers and control the costs of storage. Obviously, the competitive power of my store sales and my customer number surged in a short time. The end was that more and more sellers imitated my operation model.
Through this experience, I feel that I have demonstrated a firm grasp of the cost downapproach as well as my business acumen. The success I experienced with my store is but the beginning of my journey. Given the success of my fledgling business career, I decided to embark upon this quest to further hone and improve what talent I had in this field to eventually become the Head of the Treasury Department. I decided that I needed to get the training and experience that was necessary for me to realize my dream. I believe that everyone has dreams in different life stages and it is only in the pursuit of these dreams will people never feel regret. I have seen a childhood dream of mine come true and look forward to setting another benchmark which is getting this MBA.
I have always seen my success as being hinged on my ability as a manager. As the boss of a Japanese clothing store on Yahoo Shopping, I have had the challenge and opportunities to not only apply my initiative to harness new technologies but also to develop new management techniques. It was through this that I was able to not only cost down several of the retail items but I also improved marketing and visibility of the store through the internet and social networks.
Prior to me taking over the business, the retail market in Japan was struggling, particularly for clothes. The basic operation model is that the seller flew to Japan and brought clothes back to Taiwan. It was pretty difficult to predict which kinds of clothes would be welcomed by the consumers and thus translated into high costs including the business trip fees and risks of storage, making the prices too high to afford. Realizing this, I reversed the condition by making use of technology and the Internet. I utilized the tactic of cutting down the profit margin to sell more.
The first step was just like other sellers, I went shopping for the newest fashion in clothes. However, I used myself as model, putting on the clothes, taking the pictures and then uploading these pictures to the Yahoo Shopper. By checking my website everyday, I traced the orders of the buyers and control the costs of storage. Obviously, the competitive power of my store sales and my customer number surged in a short time. The end was that more and more sellers imitated my operation model.
Through this experience, I feel that I have demonstrated a firm grasp of the cost downapproach as well as my business acumen. The success I experienced with my store is but the beginning of my journey. Given the success of my fledgling business career, I decided to embark upon this quest to further hone and improve what talent I had in this field to eventually become the Head of the Treasury Department. I decided that I needed to get the training and experience that was necessary for me to realize my dream. I believe that everyone has dreams in different life stages and it is only in the pursuit of these dreams will people never feel regret. I have seen a childhood dream of mine come true and look forward to setting another benchmark which is getting this MBA.
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