Abstract
This research paper is about the blue ocean strategy for Kyla Beauty company. A comparison has been made of maybelline company. This paper relates how Kyla Beauty attract more customers with their product using this strategy.
Introduction
There are six principles of blue ocean strategy, for formulation principles, the first is reach beyond existing, second reconstruct market bounndaries, third is focus on the big picture, not the numbers, get the strategic sequence right and the execution principles is overcome key organizational hurdles and build execution into strategy.
Kyla cosmetics is a brand new and it is a brand that manufactures a wide range of cosmetic that works with the according to the trend in this era now. Product issued by Kyla is a product based on ingredients that are guaranteed by the health and halal and it him easy to clean. With this product you will look more beautiful and interesting. Maybelline is a small family-owned business to the number one cosmetics company in America,
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There are 3 tier of non-customer, The first tier is “soon-to-be” non customer who are on the edge of your market, waiting to jump ship, the first tier for Kyla Beauty company is are customers use the product we are men and women for example is they use our product to makeup artists, models and brides so that they look more beautiful. The second tier is refusing non-customers who consciously choose against your market. Kyla beauty customer is the target for new customers wants to try makeup tools and look for a new product that suits their face skin. they are teenagers who are looking for something new as well as easy to use and can be carried prayers. And tastly the third tier is unexplored non customer who is in markets distant from yours. The men involved in the world of art and children. Kyla beauty will issue a product that suits all stat. skin types and does not damage their skin that
These conditions enable the productive substance to create a bigger number of offers or prevalent edges than its competition. In this sense, the Ocean Cosmetics has a competitive advantage of safe products for users with natural ingredients. This point is good for selling point of view of the company’s products to a large group of customers who have great concerns of harsh chemicals. As most of the Ocean Cosmetics’ products do not contain allergy causing compounds, so it is also a competitive advantage of the company to cause an increase in company’s products. Furthermore there is a good and strong relationship between major suppliers Saga Shipping which also make sure a good supply of products in the markets. So combining all, it is good for the company. Regarding sustainable competitive advantage it is known that a sustainable competitive advantage happens when an organization procures or builds up a quality or mix of ascribes that enables it to outflank its competitors. These ascribes can incorporate access to natural resources or access to exceptionally prepared and skilled faculty human resources. It is an advantage and must have some life; the competition must not have the capacity to do it immediately, or it is not sustainable. So in this sense, Ocean Cosmetics have some sort of
This beauty retail store SWOT Analysis includes several strengths and weakness that it has currently developed in its structure. However, there are a few opportunities that this company should take advantage to seize the moment and there are a few threats in which they should find new ways to overcome
This marketing research project is developed to benefit the future development of Aulani, a Disney Resort and Spa, especially focus on green marketing perspective. In this project, the format of marketing plan is followed and it has four main parts. First, a general business description is given, having an overview of Aulani. Second, the internal business environment of Aulani is analyzed, from both fundamental principal of marketing perspective and green marketing perspective. Following is the analysis of Aulani’s external business environment, which can be divided into two parts, general environment and competitor analysis. Finally, SWOT analysis is withdrawn to conclude the previous analysis and two marketing strategies
Currently, the business has not ventured in the cosmetic market of London and Canada. Canada and London provide an opportunity for the company to expand its market through its international entry strategy of retailing and B2C framework. The SWOT analysis of the company shows a wide range of strengths and opportunities for the company’s future success such as market gap (London and Canada), Globalization, technology and good customer relation (BBB accreditation). The company demonstrates high capability of sustenance and survival through retailing, personal selling, E-commerce, E-marketing, Fashion Collaboration and other B2B platforms.
Young girls are more concerned about acnes and blackheads while mature women are looking for anti-aging and anti-wrinkle products. Genders do affect the choice of skin care products. In the past, skin care products only belong to the girls’ world. Nevertheless, in recent years, men are increasingly becoming more and more concerned about skin care. With a view to this latest trend, various brands have started developing men’s line. Income level directly affects the purchasing power of customers. Skin care products take up a wide range of price levels from far less than a hundred dollars to more than a thousand. Young girls who do not have any income cannot afford the expensive skin care products while mature women with higher purchasing power focus more on quality and effectiveness. Occupations also determine the need for skin care products. Models and artists generally have a higher consciousness on skin care than people with less exposure to the public.
Skin treatment products are often sold next to the cosmetics, but in reality are not cosmetics themselves. Skin treatment products are created with the purpose to improve the natural condition of the skin rather than purely the aesthetic. Cleansers, astringents, toners, acne medications, sunscreen, and lotion all help the skin stay healthy and free from blemishes. In the past, it used to be that consumers
The authors of the book 'Blue Ocean Strategy' are two friends who dedicated the book to their friendship, loyalty and belief in one another. They are: W. Chan Kim and Renée Mauborgne. They met twenty years before publishing the book, in a classroom – one as a professor, the other as a student. And since that time they have been working together seeing themselves like two wet rats in a drain.
The target market for Maybelline’s Great Lash Mascara is primarily women between the ages of 15 and 35. Because of this large age gap, Maybelline over the years has become a more contemporary brand for all women of all races. They have done this by providing foundation shades in a wider range of colors and introducing products that women of any age can use. Maybelline also produces different products for each country that they distribute to. Each ad within an ad campaign is altered slightly or tremendously to better suit the culture it is marketing to. In the U.S., a large percent of females begin to use makeup before the age of 16. As a girl uses Maybelline Great Lash Mascara, a well-known product, it could have possibly been bought for her or given to her by her mother. With this specific product being around for many years, many women have grown to be brand loyal to it. As a young woman grows into adulthood, the cheaper mascara option of Maybelline Great Lash can be compared to other brands of higher price. Other competitors can provide a product that a consumer can reach for as they grow and can begin to afford to spend more on a better quality or different formula of mascara. This can relate to income or social class within demographics as well. Some women choose this specific SBU because of the affordable price and what they expect out of the product. This specific product is a simple mascara that lengthens and darkens lashes. As these consumers grow older, they may
In the 21st century, beauty and make up are like the wheels of a cart or the two sides of a coin. Women are beautiful in themselves; but a little make-up does help a lot and it keeps one to make the day better and happier. Every woman wants to be pretty whether she’s young or old so the beauty salon is the place to go. Beauty salons are also like a temple; however, the difference is that we go to worship in the temple and in the beauty salon we go to be worshipped by the beauticians and by the other people around.
This strategy seem challenging since this strategy focus on capture new market and new demand, which it’s required extra efforts in term of innovation of products and promotion in order to make customers realize about their product. Even there are some discussions about the blue ocean strategies; however, based on my review on customers comment said that the practical guidance on how to create them is limited. Therefore, without usual analytic framework which can be used as guidelines to create blue oceans as well as effective principles to manage risk, creating blue oceans viewed as too risky for managers to pursue as strategy for their company.
I have done research on Mr Price clothing stores as a division and I will use the Blue Ocean strategy namely, a swot analysis, porter five force model, integration of sales and other costs, the attached newspaper article as well as a quantitative risk assessment. It is through these factors in which I will assess their already existing strategic plan and to think creatively to draft a viable strategic plan for the company’s future and to also give recommendations on how to improve.
Blue Ocean Strategy, is a new theory that proposed by W. Chan Kim and Renée Mauborgne in 2005 after had studied 150 real cases that distributed in 30 industries. The core idea of the blue ocean strategy is not to arise more competitions, but to establish a new market, so there is no contest. Blue ocean strategy offers a systematic and effective method for corporations.What is the Blue Ocean Strategy exactly meaning about? There are contents of what Blue Ocean Strategy want to express to the audience: The first, it wants to tell is that avoid the current competition, and create a new market included no contest. And then , because the new market exists the no contest, relevantly, the competition is
Many cosmetic brands are popping up recently, perhaps, due to the increasing consumers of products that beautify and enhance the physical appearance of a person. Even though the market is already full of the said cosmetic brands, the company L’Oreal Groups could still be considered as the leading supplier of cosmetics and hair-color. This study is a brief overview of the marketing concepts and strategy of the said company. The company profile will be presented to be able to give a clear view of the market to which the company belongs to. An internal and external (SWOT) analysis of the company will also be provided in this paper. Another area will be specifically devoted to
There are some tool produce to help implement blue ocean strategy. The Eliminate-Reduce-Raise-Create (ERRC) Grid is the matrix that help execute blue ocean strategy with the four action framework: eliminating, reducing, aising and creating. ERRC Grid help company to remain on their competitive factors. Eliminating and reduce the factor that the transitional industry take it for granted can help the new strategy to remain unique from the transitional market. Nevertheless, raising and creating some unique competitive factor the transitional market never or seldom offered that is above the industry standard. With all these “Four Actions Framework” the company can escape the transitional red ocean market by activate a new blue ocean market and create a new value curve. (Kim & Mauborgne, 2005)