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“All Races, All Sexes, All Ages”
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Makeup Art Cosmetics SWOT-analysis
Executive Summary
This report is to find out what M·A·C’s strengths, weaknesses, opportunities and threats are. The research question is stated like:
Should M·A·C adapt their promotional tools in the Dutch market in order to increase their sales and brand awareness?
After analyzing the external and internal environment, it became clear what the strengths, weaknesses, opportunities and threats are.
|Strengths |Weaknesses |
|- “Heart and Soul” |- No distribution in regular
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Later on, the brand became familiar to the general population by word of mouth publicity. The brand is only available in specialized cosmetics stores. Despite the fact that M·A·C is well known in many countries over the world, they do not seem to advertise accordingly.
The aim of this report is to find out how M·A·C should to adapt their promotional tools in the Dutch market in order to increase their sales and brand awareness. The main question would be:
Should M·A·C adapt their promotional tools in the Dutch market in order to increase their sales and brand awareness?
This report is written for the management of M·A·C, after reading this report, it will be clear how the company should adapt their promotional tools.
By writing this report for M·A·C, I will analyze the company to see what the strengths and weaknesses, opportunities and threats are, what the effect is of their current communication strategy, and if that will affect the main question in the future.
This analysis contains the current situation of M·A·C, followed by an internal and external analysis of the company. Moreover, there will be a SWOT-matrix and finally, there will be an answer on the main question and the required recommendations.
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Chapter One: Current Situation
1.1 The Company
Makeup Art Cosmetics, also known as M·A·C, is created in 1984 by two Canadians, Frank Tosken and Frank Angelo. At first, M·A·C was only available to
By upgrading their brand, it will help to identify the qualities of the products that set it apart from the competition. They have to make the
I will talk about functional areas of M&S and KFH. through Comparison and contrast of how they contribute and operate their functions, as will as the structures, also my task is, to evaluate the benefit and disadvantages of their functions, finally, try to explain my opinion about how well the two companies run there business.
I. Executive Summary II. Situation Analysis o Market Summary Target Market Demographics Geographic Demographics Behavior Factors Market Needs Market Trends Market Growth o SWOT Analysis Strengths Weaknesses Opportunities Threats o Competition o Product Offering o Keys to Success o Critical Issues III. Marketing Strategy o Mission o Marketing Objectives o Financial Objectives o Target Markets o Positioning o Strategies o Marketing Mix o Marketing Research o Action Plan IV. Financials o o o V. Controls o o o VI. Summary Implementation Marketing Organization Contingency Planning Breakeven Analysis Sales Forecast Expense Forecast
This worksheet is a complement to the study guide for both the MKT1. The purpose of this worksheet is to help you think about and apply important marketing concepts to Company G. By working through the exercises and matrices introduced in this worksheet (Section A, Section B, and Section C), you are laying the foundation for your marketing plan required in this assessment. This worksheet should be completed before you write your Marketing Plan, for which a template is provided.
Gerard Morrisseau was hired as Vice-President, Marketing as part of ASFC’s restructuring efforts in 2010. Previously the director of marketing for the Canadian operations of a large multinational manufacturer of consumer products, he had also spent time working in the US and abroad. Gerard holds an MBA in Marketing from a Canadian university and has championed several highly innovative marketing programs successfully over the course of his career. There is a strong possibility that
|D1 |Evaluate the effectiveness of the use of techniques in marketing products in one organisation. |
MAC Cosmetics is originally a Canadian company that spread its routes successfully to many countries all over the world promoting equality,” All ages, all races, all sexes, all MAC,” this is the motto of one of the largest growing luxury cosmetics brands in the world. For MAC artists and MAC customers this motto is followed religiously, it is truly what drives this company which pushes for equality and strives to let no one feel excluded. MAC was started in 1984 by, Frank Tosken a makeup artist and photographer and Frank Angelo in Toronto. They found cosmetic products which were readily available to makeup artists and regular customers did not perform well under the penetrating environment of studio lights, and had to be constantly touched up. They started out by generating cosmetic formulas which included intense and warm colors that met their specific needs. By using them backstage on models and performers, news traveled fast about these efficient products and the demand began to increase, through just the professionals in the makeup industry. Then by word of mouth news spread to the broad population and it was made available to the public. In 1994 the company was acquired by the Estee Lauder who owns many of the world 's favorite cosmetic brands until today.
The first section of this report, introduction, highlights the general background of the company with emphasis laid on the company's history; mission and business strategy; the management team; board of directors; corporate responsibility; and code of ethics. The second section dwells on the methodology used in conducting this study which is basically about conducting reviews on the company's annual reports from the year 1996 to 2001. Financial statements for the third quarter of the year 2012 were also brought into perspective. It was finally established that EIG could actually acquire the company because it had shown prospects of growth.
20 5. Corporate-level strategy 25 6. How is the effectiveness of the company’s strategies? (ROIC) 26 7. What strategic problems does the company have?
Increasing brand awareness, appeal and loyalty though a more aggressive advertising and public relations campaign
1. In class we reviewed three firms in three different countries. The M/S Milad Nor Company in Afghanistan, Caritex in Bulgaria, and Obod in Montenegro. Each company was faced with different problems and issues. Please briefly summarize the similarities between the firms and their individual issues. How do the problems faced by these firms compare to problems faced by similar firms in more developed countries?
This report is an assessment for the marketing unit in the Higher National Diploma Business Course.
Makeup Art Cosmetics (MAC) was founded in 1985 in Toronto by Frank Toskan and the late Frank Angelo. The business plan concentrated on targeting young, fashionable females by creating cosmetic products which contain unique textures and colours. Using this strategy, the company targeted the ¡°hip¡± celebrities and other cosmetic influencers to gain recognition and market share in the younger consumer market. Since its inception, the company has grown to become a multi-national organization operating in over 180 locations worldwide. In the late 1990¡¯s, MAC was purchased by Estee Lauder, which has led to the alteration of the company¡¯s governance; the culture of the firm changed from that of an entrepreneurial-style with limited rules into
Critically assess the usefulness of the information contained in the corporate scorecard in Exhibit 3 as a way to implement Analog Devices' strategy. What role does each set of measures play in strategy execution? What should be the relative importance of financial versus nonfinancial measures? What additional information would you like to see included in the
Different tactics have proven over the years to draw consumers in. These tactics have proven that there is not a bright future for mass marketing. The idea behind successful marketing now, is to not tell someone that a product will make them happy, but it is about showing them how a product will make them happy. An example of how this shift in marketing has occurred is with what Samsung did for its’ customers at random airports. Samsung didn’t put up giant billboards and come up with a catchy song to draw any and every person to their product, they instead targeted those who