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swot analysis of a cosmetic business
swot analysis of a cosmetic business
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Kao Corporation made a big hit in the industry of personal care product with Biore Pore Pack launched in 1996 in Japan. However, after the successful launching, Biore Pore Pack faced intensive competitions which threatened its brand and positioning in the market. (1) As such, there is a need for a critical analysis of the marketing environment SWOT analysis. Strengths Weaknesses • Potential internal strengths • Comprehensive products fields • Wide distribution channel • Expansion based on brand equity • Pioneering advantage • Less market-shares in the global markets comparing with that in the domestic market • Unable to up-stretch market Opportunities Threats • High demand • Potential markets • Intensive competitions 1. Strengths: • Potential internal strengths As stated in Kao Business Activities (2008), members of individual Kao Group companies and divisions that operate on a global basis are engaged in business activities aiming at Yoki-Monozukuri that will really satisfy Kao’s customers and enable Kao to share joy with them. (Source: Kao Corporation – Business Activities. Available at: http://www.kao.co.jp/en/company/activities/index.html) Bear in mind the motto of “Integrates diversity to create innovative products”, Kao R&D team always keeps track of market’s changing tastes and needs in order to satisfy its customers whom it gets tougher to gain or even retain due to the vast ranges of competitive products. By applying the Yoki-Monozukuri into its business activities, be it the R&D, Sales, Marketing, Production and Distribution, Kao possesses a potential internal strength which helps not only back up for its business activities but also differentiate itself from the other competitors. •... ... middle of paper ... ...ack for 6 months. Pond’s aggressively shared the market-shares of pore pack with its me-too product named Clear Pore Strip which claims to have the same use and relatively same packaging. As a normal practice in business competition, Kao encountered not only Pond’s but also Oxy Blackout which is in paste form, facial mask which also claims to remove dirt from the pores, Sasha nose mask for men, and even copycats in the industry of pore back. Being the later entrant, Pond’s speeded up in the race of sharing market by its advanced product, a modified version of Clear Pore Strip, called T-Zone Clear Pore Strip used for 3 areas of faces including forehead, chin and nose which are easily seen as oily. Since Pond’s is a weighty competitor as such, Kao is facing a disadvantage in term of product categories as Biore Pore Pack, at this point of time, is only for the nose area.
Ferrell, O. C., & Hartline, M. (2012). Marketing strategy, text and cases (6th ed.). Stamford, CT:
Briney, C. (2005). Air care's fresh start. Global Cosmetic Industry, 173(3), 48-50. Retrieved from http://search.proquest.com/docview/196442096?accountid=38569
The Lululemon 's top five competitors are Under Amour, ADDIDAS, Nike, Bebe Sport and Lucy Active Wear. Competition in this arena is mainly through the quality, brand image, price, and innovation. Lululemon 's rivals have substantial competitive positioning because of being more established with a broader client base and products. Another bargaining power of these rivals is having a strong power in financial and marketing strategy. Nevertheless, Lululemon distinguishes itself in the manner it markets its products and trusts it has a strong loyal client base because of its vertical retail strategy and grass root marketing. It is very paramount for every organization to develop a SWOT analysis since it is a crucial part of the strategic planning process. In this study, we will examine three questions in each component to conduct a brief SWOT
SWOT analysis is a constructive model for organizing information from the broader market and developing relevant screening criteria. It identifies and lists the firm’s strengths, weaknesses, threats and opportunities. Strengths and weaknesses come from assessing the company’s resources and capabilities. Opportunities and threats emerge from an examination of customers, competition, and the external market environment. With SWOT analysis a marketing manager can begin to identify strategies that take advantage of the firm’s strength and opportunities while avoiding weaknesses and strengths (Perreault, 2014).
. For New Belgium to maintain its strategic focus, they must continue to maintain and reevaluate its marketing program, which is tied to New Belgium’s competitive advantages and identify the organization’s performance by creating a SWOT Analysis. This tool will identify the organization's strengths, weaknesses, opportunities, and threats(Ferrell & Hartline, 2011).
The purpose of this case analysis is to provide a framework for making strategic marketing decisions by: 1) documenting the internal and external environment, 2) understanding the strengths, weaknesses, opportunities and threats, 3) identifying the opportunity, 4) developing and evaluating alternatives, and 5) make a recommendation based on organizational strengths.
A purifying enrichment for oily, irritated, hormonal, or congested skin. This clarifying facial helps detoxify, clear, and tighten pores with the power of Seaborne French Clay. Activated charcoal brightens and decongests pores, and botanical seed oils repair and balance the skin’s barrier to improve skin’s health and prevent future breakouts. The facial ends with Evoq’s mattifying and brightening creme to refresh skin. The treatment delivers deep detoxification for a lastingly clear, even skin tone.
By the end of 1998 though, there was evidence of a crisis occurring. Customers and media pulled together to assist senior management partake in an internal audit to identify the problems and see if they could come to a solution. The purpose of this assignment is to construct a SWOT analysis, highlighting each of the strengths, weaknesses, opportunities and threats that were highlighted in the internal audit. The SWOT analysis is contained within the marketing plan and is the third step in the marketing planning process, coming after the Marketing audit and before any assumptions. (Joisce, Ted (2002), Marketing Planning Lecture Notes – 14/10/02, Mission, Objectives, Strategy, Tactics)
What is acne? Acne is typically known as a pimple or a clogged pore, medically it is known as Acne Vulgaris. Nearly 85 percent of the human race encounter acne in their lives (American Academy). Acne Vulgaris is a skin disease that involves the oil glands at the base of hair follicles (Medical News). Acne can occur anywhere from the face, neck, chest, back, shoulders, and even the upper arms. There are several factors in which result in the causes of the development of acne. These factors include overproduction of oil, hair follicle blockage, bateria, hormones, stress, and even genetics. Acne can be treated medically, with over the counter products, or even natural remedies. Although over the counter products may contain harsh chemicals, it is one of the most beneficial and effective way to treat acne vulgaris.
Product mix is the most essential element of marketing strategies of a company. Interface is well known as the global best provider of commercial carpet tiles. The organization deals with selling and leasing carpet tiles. Due to the recent poor performance by Interface, its product determination should be integrated to form part of its marketing strategy. The marketing department of ESA should mainly focus on the market segmentation as per the department requirements of the potential ...
For assistance in this evaluative process Fortenberry (2010), marketers often rely on a tool known as the SWOT Analysis. (p.185) The SWOT Analysis is a helpful tool for Scarlet Hospital. By using this tool, they will be able the fully outline their strengths, which they can build upon. They will also be able to determine their weaknesses. For example, weaknesses could include poor customer service, antiquated technology, or poor product offerings. According to Fortenberry (2010), weaknesses undermine product performance and ultimately, exchange in the marketplace. (p.
In the nineties, KIA never really thought about consumer demands. The company just focused on expanding the scale and scope of business. Kia decided that their products lacked in diversity. After changing the marketing strategy and using sports marketing, KIA Automotive Group's ranked from tenth in nineteen ninety-nine to a global rise to fourth in the world (Freeman 2008). KIA combined two types of sports marketing; first, they used sports product marketing as one of the templates. Second, they used sports spon...
Based on the information provided in the L’Oreal case, Yue Sai struggled to grow and capture additional sales in the high-end Chinese cosmetics sector. In the past, L’Oreal attempted to position Yue Sai in several different ways which can be viewed as detrimental to the company image, showing uncertainty as the company struggles to see which positioning strategy will stick. The most recent positioning presented in the case, which desires to “deliver Yue Sai’s longstanding brand promise that ‘Nobody knows Chinese skin better than Yue Sai’”, allows the highest probability of success for the company capitalizing on countless fresh trends in Chinese cosmetics (6). The positioning statement would reflect this new strategy: “For the modern Chinese woman Yue Sai offers a line of high-end cosmetics. Unlike other high-end cosmetics Yue Sai combines traditional Chinese medicine and sophisticated technology adapted to the unique skin type of Chinese women.” Yue Sai saw reasonable success and hope in the new Vital Essential line which utilized traditional Chinese medicine and, therefore, resulted in above average repeat purchases. Continuing to focus the strategy around traditional Chinese medicine should benefit Yue Sai considerably. Another suggested strategy would be to wholly reposition Yue Sai, however this is ill advised. As stated in the case, Yue Sai tried numerous different positioning strategies, which ultimately provided no clear path strategy. Repositioning would show uncertainty in the company, lowering brand value in the eyes of the consumer.
This work will determine the baseline of the current market situation for the company, which is essential for any further exercise and analysis. To understand how the business model correlates with the product marketing, need to see if there is any evident cause-effect relationship between product characteristics and the nature of the product company. If such correlation exists, it will be important to see the transition of such characteristics into the company marketing strategy. It can show how company’s strategies can be successfully addressed in a real-world scenario. Both internal and external analysis, SWOT matrix will help to determine the company’s current market position.
Marketing is a essential part of a business because it helps to control the way that goods or services are sold. When marketing a specific product or service it is crucial to be well informed in all aspects of marketing, which include the marketing mix, marketing strategy, target market in which you will offer your product and the environmental factors that could effect how your product is received, including social and cultural difference, competition, economic and technological aspects. In this paper I will explain how I will market the product which I have chosen. An Herbal Shampoo brand called "Herbalize."