Essay about Marketing Plan - New Nivea Product

1505 Words Jun 6th, 2005 7 Pages
Executive Summary:
Youth, timeless beauty and the pursuit of perfection seem to be on the forefront of everyone's agenda. From television portraying reality shows such as "Extreme Makeover" and fictional dramas such as "Nip and Tuck", it is no wonder Americans are obsessed with finding the ultimate secret to looking flawless. The beauty industry is a 40 billion dollar enterprise,
(News Target, 2005) dedicated to helping women look their best so it is no wonder companies such as Nivea is re-evaluating their posture in the U.S. market, positioning themselves to take advantage of the growing interest in cosmetic remedies to turning back the clock. Research conducted by the American Society for Aesthetic Plastic Surgery in 2003
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With celebrity endorsements on the rise, the American public optimistically is experimenting with new products trying to achieve the look of Hollywood stars. Unfortunately, consumers do not have the financial means to keep up with the regime the celebrities exercise, therefore, Nivea has developed a new product using European ingenuity to introduce to the American Woman, DERMA P2.
Product Description:
Nivea Derma P2 is a cosmetic topical cream designed to help individuals from adolescence to maturity. Derma P2 is a unique product containing various types of placenta and papaya extracts, a rich source of skin nutrients and re-generation properties. The product exfoliates at an accelerated rate due to the concentration of the two key ingredients. Derma P2 removes acne and other deep scars, sun damage, freckles, wrinkles, re-hydrates the skin, improves elasticity, and slows down the process of skin damage from UV rays.
SWOT Analysis:
Strengths:
Nivea has international brand name recognition
Existing customer base
Already has good reputation in global skincare market
Good marketing team
Strong executive team
Cost effective ingredients
Product is affordable
Effective on age groups from adolescence to maturity
Weaknesses:
Key Ingredients may cause controversy
Advertising challenges due to key

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