Analysis of the challenges and prospect of the fashion industry in Finland
Hasan, MD. Jamil (2022)
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022062018991
https://urn.fi/URN:NBN:fi:amk-2022062018991
Tiivistelmä
Fashion design has been a growing industry in Finland. Over the last few years, progress has been made but there are prospects in economic gains in fashion design amidst the challenges; this is what inspired the current study. The objective of the study was to analyze the state of fashion design in Finland, particularly as it relates to understanding the State's regulatory structure for fashion design and the need to promote the fashion industry as an economic development instrument.
The study was done using the assessment method of research and through the instrument of question-naire primary data was collected from a sample of 116 respondents drawn from the Marimekko fash-ion. According to the study literature, industry-level challenges have an impact on the ability of Finnish fashion enterprises to profit from their innovations.
The study found that, the fashion industry in Finland has been experiencing some growth; this is how-ever the challenge that Finnish Government has had little interest in fashion and so policies that will guide the growth of fashion industry were not developed overtime. The study also found that the lack of startup funds, poor government support and high cost of production of fabrics and clothing are among the challenges faced by fashion designers in Finland. The study recommended that govern-ment's support for the fashion industry in Finland is significant, as it will help to close the financial gap that is harming the industry.
The study was done using the assessment method of research and through the instrument of question-naire primary data was collected from a sample of 116 respondents drawn from the Marimekko fash-ion. According to the study literature, industry-level challenges have an impact on the ability of Finnish fashion enterprises to profit from their innovations.
The study found that, the fashion industry in Finland has been experiencing some growth; this is how-ever the challenge that Finnish Government has had little interest in fashion and so policies that will guide the growth of fashion industry were not developed overtime. The study also found that the lack of startup funds, poor government support and high cost of production of fabrics and clothing are among the challenges faced by fashion designers in Finland. The study recommended that govern-ment's support for the fashion industry in Finland is significant, as it will help to close the financial gap that is harming the industry.