Olay global competitiveness
On October 4, 2017, Procter & Gamble (P&G) North America Skin Care General Manager Chris Heiert received an email from a senior leader.
Any perspective on Jul/Aug/Sep Olay sales? The sales report shows sales are -12%, a significant miss on a low estimate. My guess is there must be some special causes in the quarter and wanted to get your thoughts on whether the plan will return Olay sales to grow in Oct/Nov/Dec and whether you still plan to deliver your sales growth promised for the fiscal year.
Heiert had seen good and bad quarters at Olay, a P&G-owned brand, over the course of his career. When he first joined as an Assistant Brand Manager in 2000, Olay was just establishing itself as the leading skincare brand in the world.
By the time Heiert rejoined the brand in 2015, however, Olay’s sales had been declining consistently for several years. Each year, Olay lost 5% to 10% of its consumer base for the past five years. Every valiant attempt to fix the situation failed. From its peak at over $2 billion in retail sales in 2009, sales had fallen to just over $1 billion in retail sales by fiscal year 2017. (See Exhibit 1a for Olay’s global sales growth year-over-year since 2000 and Exhibit 1b for U.S. sales from 2010-2016.)
Heiert needed to act fast to revive Olay. But how? There was no shortage of ideas on the table—he and his team debated everything from brand equity, new consumer groups, kickstarting innovation, altering their marketing and distribution models, and what categories the brand should play in.
The brand needed an immediate turnaround. If Olay could not reverse course, P&G might consider divesting the brand. In a deal in 2015, P&G had already sold off 43 beauty brands to Coty Inc.
The document summarizes the use of lead user research methodology at 3M to develop breakthrough products for their medical-surgical division. It describes how a research team conducted the lead user research process in 4 stages over 6 months, identifying trends, generating concepts, and developing 3 new product ideas and a revised strategy. This included international research and workshops with lead users. The recommendations included new "economy", "skin doctor", and "armor" product lines as well as entering upstream infection containment. However, the document notes lead user research is unpredictable and 3M traditionally focused on incremental growth. It argues 3M should adopt more open innovation and restructure strategy around new product development.
- L'Oreal introduced their Plenitude skincare line in 1982 in France targeting modern women. It aimed to provide technologically advanced, high-end products at an accessible price point.
- When introduced in the US, Plenitude launched with 14 SKUs across 3 categories to recreate a department store experience in mass retail channels. However, after 9 years sales plateaued despite not being profitable.
- Acceptor/rejector studies in the US found that the L'Oreal brand attracted trial but Plenitude was unknown. Younger consumers found the formulas too heavy. The large product line was seen as overwhelming versus traditional brands like Oil of Olay.
Unilever in Brazil - For Low Income Consumersozgur705
Unilever is considering entering the low-income Northeast region of Brazil with a new detergent brand called "Everyman". The region has over 50 million consumers with lower incomes than Southeast Brazil. Unilever dominates the detergent market elsewhere in Brazil but needs a new strategy to target Northeast consumers who prefer lower prices and soap-based products for hand-washing. Unilever plans to develop a new formula priced between its Minerva and Campeiro brands, distribute through small stores, and promote cleanliness and stain removal without mentioning lower incomes. The goal is to enter a new market segment while avoiding reducing sales of existing brands.
It's a B2B and a B2C case where revenue comes from advertising and also from people. Case analysis of fashion channel with the interpretation of Demographic and attitudinal cluster analysis, problems pertaining to TFC, studying the solutions to the problems and answered to why "Dual targeting" ?
Toko Bunga Surabaya, Jual Karangan Bunga Surabaya, Jual Bunga Papan Surabaya, Jual Bunga Ucapan Surabaya, Jual Rangkaian Bunga Surabaya, Jual Buket Bunga Surabaya, Bunga Ucapan Selamat, Bunga Ucapan Duka Cita, Bunga Papan Selamat, Bunga Papan Duka Cita
This document summarizes a case study analysis of Clean Edge's razor market positioning options. It includes market segment data showing a shift from value to premium segments. Charts project profit under niche versus mainstream scenarios, with mainstream having higher sales and profits but also higher cannibalization costs. Two recommendations are provided: (1) target the niche market to avoid cannibalization and have lower risks, or (2) enter the mainstream with a new product to replace an existing one and take advantage of market opportunities.
A marketing Case Study of Natureview Farm, an organic yogurt manufacturer. This analysis was performed by E. Santhosh Kumar, IIT Madras, during an internship with Prof. Sameer Mathur, IIM Lucknow.
The document outlines MAC Cosmetics plans to launch a new app that allows users to virtually try on makeup. It will include features like shade-matching for foundation and concealer. MAC also plans two brand initiatives to promote art and artists: a global art contest with prizes including limited edition packaging designs, and promoting the winning design on real packaging for a limited time. The budget for app development is $50,000-$100,000 and $15,000 is allocated for marketing each initiative.
Dove is a skincare brand owned by Unilever that was launched in 1957. In the 1970s, Dove increased in popularity as a milder soap. In the 2000s, Dove launched campaigns promoting "real beauty" by featuring ordinary women. This helped shift perceptions of beauty away from unrealistic standards. Dove also began the Self Esteem Project in 2002 to help raise girls' self-confidence. Through its campaigns and focus on diversity, Dove has grown its brand value while also facing some controversies related to Unilever's other brands.
Unilever enjoys market leadership in Brazil's detergent powder category with 81% market share. They see an opportunity to expand into the low-income segment in Northeastern Brazil, which constitutes 48 million consumers. A new brand targeting this segment could open up a new class of consumers for Unilever. The marketing mix for the new brand should include competitive pricing between existing brands Minerva and Campeiro, specialized distribution channels to effectively reach target customers, and promotional activities through both mass media and in the target areas. The product should have qualities superior to Campeiro including easy lathering and a pleasant smell. A brand extension is recommended over repositioning an existing brand.
this presentation gives us the insights of how Dove developed as a brand and what were the strategies adopted by it to succeed in the highly competitive market
This document summarizes L'Oreal's Brandstorm competition which challenges students to disrupt men's grooming with innovative ideas. It has engaged over 95k participants from 58 countries since 1992. The 2017 competition asks students to develop ideas for new men's grooming technologies, data solutions, or ways to improve L'Oreal's CSR efforts. Finalists will pitch their ideas at L'Oreal headquarters in Paris in June 2017 for prizes and a chance to work with L'Oreal.
The document summarizes Procter & Gamble's organizational changes over time. It focuses on the "Organization 2005" restructuring program introduced by CEO Durk Jager which aimed to accelerate sales and innovation by structuring P&G into three global organizations based around products, geographies, and business processes. However, the changes led to missed earnings targets, loss of market share, and reduced employee morale as jobs were cut. While the goals were to promote innovation and speed, a lack of immediate results and confrontational leadership style created problems. Recommendations include building employee buy-in through communication, shaping culture to fit the strategic needs, and giving local management flexibility while maintaining global standards.
This document discusses Metabical, a new weight loss drug, and outlines objectives and strategies for its marketing and sales. In 3 sentences: Metabical is a new FDA-approved prescription weight loss drug that provides weight loss benefits with fewer side effects than other options and includes a support program. It targets overweight women aged 35-65 who want to lose 10-30 pounds and aims to provide customer satisfaction through a 12-week package and program. Pricing the drug at $150 per package is estimated to provide the highest return on investment at 307.24% based on forecasted demand of 1.242 million customers.
- BTC's market share for product T30 declined from 56% in 1988-1989 to an estimated 33% in 1990 as its price increased, while competitor C&P's share rose to 67%.
- Keeping the price at $4/yard allows BTC to cover its fixed costs and make a profit if it sells over 72,000 yards. Increasing its sales volume would further boost profits.
- The analysis recommends BTC maintain the $4 price and aim to sell at least 80,000 yards, while encouraging C&P to also keep its price at $4. This would increase BTC's market share and profits.
The document discusses Metabical's demand forecasting, packaging, and pricing strategy. It presents three approaches to demand forecasting, with Approach 2 forecasting the highest demand. It recommends packaging Metabical in 12-week blister packs with day-of-the-week labeling. For pricing, it considers three options and selects $125 for a 4-week supply, as this prices Metabical above similar products to signal its value as a prescription drug, while still achieving strong demand and financial returns.
Case Analysis - HubSpot: Inbound Marketing and Web 2.0 Saptarshi Dhar
- Hubspot was founded in 2006 to provide inbound marketing software to help small businesses compete through new online marketing approaches.
- It uses informative content to attract prospective customers and build relationships through content marketing, social media distribution, and community engagement.
- Inbound marketing is more efficient than outbound as it only targets interested customers, with leads costing 5-7 times less than outbound.
- Hubspot offers content design, management, optimization, analytics and intelligence tools to help businesses attract and convert leads.
The document provides a summary of bi-coastal events held by S.T. Dupont in September 2009 to support its publicity efforts in the US market. It describes a media dinner in New York City with 23 editors attending to meet with the S.T. Dupont CEO. It also details the launch of an S.T. Dupont boutique in the Davidoff store in New York during Fashion Week. In Los Angeles, it discusses a platinum sponsorship of Emmy suites where S.T. Dupont interacted with 52 celebrities and obtained press coverage. The document analyzes press attendance, coverage generated, and opportunities resulting from the events.
L'oréal case - Globalisation of AMerican Beautyashwinkumarc100
L'Oréal has grown to become the largest beauty company in the world through a strategy of strategic acquisitions of companies that expand its brand portfolio and global reach. It started with acquisitions of companies in core beauty categories and has expanded over the decades to acquire brands like Redken, Maybelline, Ralph Lauren Fragrances, Helena Rubinstein, and Kiehl's. L'Oréal analyzes the strengths and weaknesses of acquisition targets to identify those with global potential to strengthen its presence in various beauty product divisions worldwide. The company's scale and decentralized structure allow it to maintain entrepreneurial agility while efficiently managing its large portfolio of brands globally.
The cosmetics industry has grown significantly over time from ancient Egypt and Rome to a $160 billion global industry today. Major companies like L'Oreal, Procter & Gamble, and Unilever have consolidated market share. While the industry faces threats from large retailers like Walmart, competitors differentiate through new products and brand loyalty to maintain dominance. The future of the industry depends on expansions in emerging markets and growth areas like men's products and anti-aging.
STAGE 1: Client Campaign Planning
1.0 Situational Analysis
1.1 Background Research and Analysis
Internal Analysis
Maybelline New York is a cosmetics company that was founded in 1915 by Tom Lyle Williams. Its headquarters is in New York City but it is a subsidiary of the French cosmetics company, L’Oreal, which owns 24 different brands, under the Consumer Product Division.
With a ‘mission to offer innovative, accessible and effortless cosmetics for every women’, the brand offers a variety of cosmetics, ranging from foundation, bronzers, eyeliners and mascaras, to nail polish and lip products that are targeted at both young and the mature adults. The Maybelline brand also represents an image that empowers women around the world to portray their creativity and individuality as well as enabling women to ‘express their personal ‘it’ factor’ according to L’Oreal.
Maybelline works under the values of the L’Oreal Company and the values and ethical principles are expressed in their daily operations. L’Oreal Company has an Ethical Principle that contains four Principles; Integrity, Respect, Courage and Transparency. ‘Integrity’ is the building blocks for creating and maintaining trust and relationship amongst colleagues. It also involves adhering to good corporate governance practices with their business partners and respecting the laws of countries in which they work in. While L’Oreal ‘Respects’ all their employees by enabling work-life-balance for their employees, recognition for hard work and talent and a working environment that is diverse and privacy respected. On the other hand, The L’Oreal Company demonstrates ‘Courage’ by building a culture that invites all of their employees to ask questions, and share their ideas or concerns that they may have. Lastly, Transparency, refers to the ability of employees to be truthful and every actions and decisions must be justifiable. The Ethical Principles is what shapes their corporate culture as well as their reputation and hence why it must be followed by all their employees.
Technology has have a major impact on Maybelline. According to the L’OREAL Annual Report, Digitalisation has enabled Maybelline to launch the Eyestudio Brow to the mass market innovatively. ‘Eyestudio’ is an online platform where consumers are offered advices, tutorials and online diagnoses by leading experts and make up artists regarding eye and eyebrow beauty.
Maybelline is a company that is able to cope with changes and they have the ability to develop and implement successful Integrated Marketing Communications Programme. Baby Lips is an example of this. Maybelline did not offer any products in the Lip Balm segment and have hence created which is targeted at 13 to 17 year olds, their younger audience. By advertising it as a ‘fashion accessory’, and not merely a practical way to moisturise lips, they created a product that is considered, ‘fun and cool’. The advertisements were shown in fashion magazines such as Cosmopolitan and .
The document discusses trends that will shape the beauty industry in 2015, including:
1) Continued influence from Asian beauty trends like lightweight "liquid care" products and niche fragrances gaining popularity over celebrity scents.
2) Growing interest in "smart" beauty devices that analyze skin and provide personalized feedback via mobile apps.
3) Beauty brands adapting to changing demographics and increasingly catering to multicultural consumers in Canada.
4) Digital technologies revolutionizing customer service and mobile shopping, with brands focusing on engaging consumers online.
L'Oreal is a global leader in the skin care industry, generating 11.4% of the industry's value. It has over 23 global brands across different product categories including hair care, skin care, hair color, makeup, and fragrances. L'Oreal has positioned itself as both a high-end luxury brand and affordable brand for mass consumers. It promotes its products through various advertising channels and celebrity endorsements to remain a top competitor in the skin care market.
L'Oreal is the world's largest cosmetics company founded in 1909. It has a global market share of 17% and owns brands like Garnier, Maybelline, Lancome, and The Body Shop. The document analyzes L'Oreal's market presence in India through its 4Ps - extensive product lines, viral marketing promotions, competitive pricing, and wide distribution channels. It finds that L'Oreal has approximately 20-22% market share in the Indian lip color market and is in the growth stage of its product lifecycle with 40% sales increases and heavy advertising investments.
The cosmetics industry in India is growing rapidly at 15-20% annually. Lakme is the country's largest cosmetics brand and was the first to introduce makeup to Indian women over 50 years ago. It has a wide range of skin care and color cosmetic products as well as beauty salons. While Lakme faces competition from international brands, it has strengths in its brand recognition, product range, and distribution channels in India.
Cosmetic and cosmetic packaging industrySherryXu34
The document discusses the cosmetic and cosmetic packaging industries. It notes that the industries are directly related, as growth in cosmetics leads to growth in packaging. Packaging plays an important role in marketing cosmetic products and attracting consumers. Changing consumer tastes have increased demand for premium packaging designs. The top cosmetic companies, such as L'Oreal and Unilever, see steady growth. The European market remains the largest, though Asia is gaining market share rapidly. Common cosmetic product types include skin, hair, makeup, fragrance, and oral care products.
Loreal HBR case analysis- Global brand local knowledgeJibin Joseph
Thank you for the insightful presentation on L'Oreal's global brand strategy. Here are my thoughts on some of the questions:
1. L'Oreal acquired The Body Shop to expand into the natural/ethical beauty segment, which was growing. However, some argue the brands' visions don't fully align. Time will tell if it was a sound long-term strategy.
2. L'Oreal's matrix structure with global brands/divisions allows localized execution while leveraging scale. However, managing brand identities across cultures is challenging and requires constant refinement.
3. L'Oreal segments consumers based on demographics, culture, values and beauty needs/preferences. They develop products catering to segments like ethnic
Winona China market strategy report by daxue consultingDaxue Consulting
China has become the world’s second largest beauty market since 2019 and more Chinese beauty brands start to rise in the market. In order to study the 2021 C-beauty trends that brands don't want to miss, daxue consulting investigated the market strategies of four of the top C-beauty brands, 1) Perfect Diary 2) Florasis 3) HomeFacial Pro 4) Winona.
The document outlines L'Oréal's sales plan. It discusses L'Oréal's mission of offering beauty to all through ethical and responsible means. It analyzes L'Oréal's strengths in strong brands, diversified presence, and R&D capabilities, as well as weaknesses like slow revenue growth. The plan examines opportunities in demographic trends, acquisitions, and emerging markets, alongside threats such as cosmetic surgery and counterfeiting. Finally, it focuses on the Asian market, specifically China, India, and Vietnam, as key growth drivers over the next two decades.
Colgate-Palmolive launched their Cleopatra soap brand in Canada in 1986 with high hopes, as it had been very successful in France. However, the brand failed to gain traction in Quebec. Market research revealed that while Cleopatra had high brand awareness, most consumers were not trying the product and preferred existing brands like Dove. Those who tried Cleopatra generally liked the soap, but it was seen as only for women's beauty and not for whole family use. Additionally, the premium price, lack of retailer support, and ineffective promotions hurt sales. Colgate-Palmolive faced a dilemma on how to improve the brand in Canada.
The cosmetics industry is led by the skincare category and generates billions in annual revenue in the US. Consumers are increasingly interested in natural products with fewer chemicals. The top companies in the industry are L'Oreal, Beiersdorf, Johnson & Johnson, Avon, and Estee Lauder. Au Naturel Beauty plans to launch a line of organic skin care and makeup products with recycled packaging to meet consumer demand for natural cosmetics.
The document discusses competitors in the nutrition drink, cosmetics, and pest control industries.
For Complan, its major competitors in the nutrition drink market are Horlicks, Boost, Bournvita, Pediasure, and Maltova. Bournvita has the largest market share of 40%, while Complan has 22% market share.
Revlon faces competition from Procter & Gamble, Avon, Estee Lauder, L'Oreal, and Unilever in the cosmetics industry. L'Oreal has a 25.8% market share in hair color and Unilever has an estimated 49.6% worldwide market share.
In pest control, H
International Business Strategy_AVON_ReportHungyu Lai
International Business Strategy
An international business strategy analysis report based on the assumption of the Avon company case
Researched and Presented in UCI IBOM class
Important Mergers and Acquisitions in the Beauty IndustrySuzzanne Uhland
This document summarizes several important mergers and acquisitions that have occurred recently in the beauty industry. Unilever acquired Seventh Generation, a Vermont-based company that produces home and personal care products. Revlon and Elizabeth Arden merged under the new name Global Beauty Enterprise to expand Revlon's brand portfolio. Henkel bought P&G's hair care portfolio including brands like Pert and Blendax to strengthen its position in markets like Russia, Turkey, and Saudi Arabia. Johnson & Johnson acquired a 20% stake in Japanese beauty brand Dr. Ci: Labo to expand its skincare portfolio and global presence. L'Oreal's biggest acquisition was buying IT Cosmetics for $1 billion to gain
Since Skincare as an industry and a way of life is not going anywhere, business of all sizes and shapes have launched brands in the skincare category. Why would they not?
The document provides an overview of L'Oreal and its acquisition of Maybelline New York. It discusses L'Oreal's financial performance, brand portfolio, and acquisition history. It then analyzes Maybelline's brand performance under L'Oreal ownership, including key product lines and marketing strategies. The document concludes with recommendations for Maybelline's global expansion opportunities in new markets and consumer segments.
IT Cosmetics is a color cosmetics and skincare brand founded in 2008 by Jamie Kern Lima. It was acquired by L'Oreal in 2016 for $1.2 billion. IT Cosmetics focuses on developing clinically-proven, problem-solving products using innovative technology and skin-loving ingredients. Their target customer is women ages 25-60 seeking products that empower them to look and feel their most beautiful. Entering the Japanese market provides opportunities due to its size and consumer interest in beauty, though adjustments must be made to distribution, focus on skincare and natural ingredients, and packaging to suit Japanese preferences.
PRESS RELEASE - UNIVERSITY OF GHANA, JULY 16, 2024.pdfnservice241
The University of Ghana has launched a new vision and strategic plan, which will focus on transforming lives and societies through unparalleled scholarship, innovation, and result-oriented discoveries.
How To Sell Hamster Kombat Coin In Pre-marketSikandar Ali
How To Sell Hamster Kombat Coin In Pre Market
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Search for cryptocurrency boards, social media groups (like Discord or Telegram), or special pre-market buying and selling structures wherein new crypto cash are traded. You can search for forums or companies that focus on new or lesser-acknowledged coins.
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How To Sell Hamster Kombat Coin In Pre Market
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Lecture Notes Unit4 Chapter13 users , roles and privilegesMurugan146644
Description:
Welcome to the comprehensive guide on Relational Database Management System (RDBMS) concepts, tailored for final year B.Sc. Computer Science students affiliated with Alagappa University. This document covers fundamental principles and advanced topics in RDBMS, offering a structured approach to understanding databases in the context of modern computing. PDF content is prepared from the text book Learn Oracle 8I by JOSE A RAMALHO.
Key Topics Covered:
Main Topic : USERS, Roles and Privileges
In Oracle databases, users are individuals or applications that interact with the database. Each user is assigned specific roles, which are collections of privileges that define their access levels and capabilities. Privileges are permissions granted to users or roles, allowing actions like creating tables, executing procedures, or querying data. Properly managing users, roles, and privileges is essential for maintaining security and ensuring that users have appropriate access to database resources, thus supporting effective data management and integrity within the Oracle environment.
Sub-Topic :
Definition of User, User Creation Commands, Grant Command, Deleting a user, Privileges, System privileges and object privileges, Grant Object Privileges, Viewing a users, Revoke Object Privileges, Creation of Role, Granting privileges and roles to role, View the roles of a user , Deleting a role
Target Audience:
Final year B.Sc. Computer Science students at Alagappa University seeking a solid foundation in RDBMS principles for academic and practical applications.
URL for previous slides
chapter 8,9 and 10 : https://www.slideshare.net/slideshow/lecture_notes_unit4_chapter_8_9_10_rdbms-for-the-students-affiliated-by-alagappa-university/270123800
Chapter 11 Sequence: https://www.slideshare.net/slideshow/sequnces-lecture_notes_unit4_chapter11_sequence/270134792
Chapter 12 View : https://www.slideshare.net/slideshow/rdbms-lecture-notes-unit4-chapter12-view/270199683
About the Author:
Dr. S. Murugan is Associate Professor at Alagappa Government Arts College, Karaikudi. With 23 years of teaching experience in the field of Computer Science, Dr. S. Murugan has a passion for simplifying complex concepts in database management.
Disclaimer:
This document is intended for educational purposes only. The content presented here reflects the author’s understanding in the field of RDBMS as of 2024.
APM event held on 9 July in Bristol.
Speaker: Roy Millard
The SWWE Regional Network were very pleased to welcome back to Bristol Roy Millard, of APM’s Assurance Interest Group on 9 July 2024, to talk about project reviews and hopefully answer all your questions.
Roy outlined his extensive career and his experience in setting up the APM’s Assurance Specific Interest Group, as they were known then.
Using Mentimeter, he asked a number of questions of the audience about their experience of project reviews and what they wanted to know.
Roy discussed what a project review was and examined a number of definitions, including APM’s Bok: “Project reviews take place throughout the project life cycle to check the likely or actual achievement of the objectives specified in the project management plan”
Why do we do project reviews? Different stakeholders will have different views about this, but usually it is about providing confidence that the project will deliver the expected outputs and benefits, that it is under control.
There are many types of project reviews, including peer reviews, internal audit, National Audit Office, IPA, etc.
Roy discussed the principles behind the Three Lines of Defence Model:, First line looks at management controls, policies, procedures, Second line at compliance, such as Gate reviews, QA, to check that controls are being followed, and third Line is independent external reviews for the organisations Board, such as Internal Audit or NAO audit.
Factors which affect project reviews include the scope, level of independence, customer of the review, team composition and time.
Project Audits are a special type of project review. They are generally more independent, formal with clear processes and audit trails, with a greater emphasis on compliance. Project reviews are generally more flexible and informal, but should be evidence based and have some level of independence.
Roy looked at 2 examples of where reviews went wrong, London Underground Sub-Surface Upgrade signalling contract, and London’s Garden Bridge. The former had poor 3 lines of defence, no internal audit and weak procurement skills, the latter was a Boris Johnson vanity project with no proper governance due to Johnson’s pressure and interference.
Roy discussed the principles of assurance reviews from APM’s Guide to Integrated Assurance (Free to Members), which include: independence, accountability, risk based, and impact, etc
Human factors are important in project reviews. The skills and knowledge of the review team, building trust with the project team to avoid defensiveness, body language, and team dynamics, which can only be assessed face to face, active listening, flexibility and objectively.
Click here for further content: https://www.apm.org.uk/news/a-beginner-s-guide-to-project-reviews-everything-you-wanted-to-know-but-were-too-afraid-to-ask/
Plato and Aristotle's Views on Poetry by V.Jesinthal Maryjessintv
PPT on Plato and Aristotle's Views on Poetry prepared by Mrs.V.Jesinthal Mary, Dept of English and Foreign Languages(EFL),SRMIST Science and Humanities ,Ramapuram,Chennai-600089
Life of Ah Gong and Ah Kim ~ A Story with Life Lessons (Hokkien, English & Ch...OH TEIK BIN
A PowerPoint Presentation of a fictitious story that imparts Life Lessons on loving-kindness, virtue, compassion and wisdom.
The texts are in Romanized Hokkien, English and Chinese.
For the Video Presentation with audio narration in Hokkien, please check out the Link:
https://vimeo.com/manage/videos/987932748
3. SK-II a luxury beauty brand in
Japan
Pantene and Head & Shoulders
shampoos
Olay Skin care
$9 billion in annual sales.
P&G Beauty
Presenting P&G Beauty Product
4. Global Skincare in 2017
The global skincare market grew steadily from $98 billion in 2012 to $128 billion by 2017.
The largest skincare market was China($26.9 billion).The U.S.($17.9 billion).
China was also the fastest-growing market at 8.7% annual growth,followed closely by
South Korea(7.4%) and theUS(6.7%).
5. France was the largest exporter of skincare products to China,primarily through LOréal
and Lancôme.
The second-largest exporter was South Korea,a skincare innovation hub.
In 2016,among Chinese consumers, L’Oréal had 4.7% market share followed by Mary
Kay with 4.2%,and Olay with 3.3%.
the reality of China’s modern beautv-products consumer who increasingly buys
makeup and skincare items while traveling abroad or shopping online.
China The World’s Largest Skincare Market
6. Skin Care - US Market
$ 17.7 Billion in 2016
70% of adults occasionally using
facial cleansers 2011 – 2016
Growth (6.7 Billion Annual) Industry
Revenue
70%
30%
70%
11. Initially niche player, Korean brands entered Walmart in 2016 when mass retail introduced
Masqueology sheets.
2015-2016 US sales increased to 27% in skin care.
Innovative products such as sheet masks and essences, packaging, branding and mists concepts
captured attention.
Advertising the ingredients like retinol, maple syrup and snail mucus.
In 2014, SOKO glam introduced 10 step korean skin care routine from (Step-1) eye removal makeup to
(Step-10) applying night cream which broden awareness among the US consumers about variety of
skin care products.
Lead to growth of DTC brands like glossier and roadan+fields.
16. TOTAL EFFECTS
included active
ingredient such as
vitaniacin, 3 part
vitamin formula
designed to reduce
pimples.
in marketing olay
stated it would "fight 7
signs of aging"which
included
wrinkles,rough skin,
uneven tone, dullness,
visible pores,
blotches,age spots
and dryness.
17. Olay marked half price than other brands Lancome, estee lauder and clinique.
In 2000, launched daily facials, which were disposable cleaning cloths designed to remove
make-up, oil and grime.
$60 facial to 60-sec facial everyday.
18. Launched in 2003, higher price
$19.99.
The messaging used to promote
reflected the rising popularity of
plastic surgery.
The product promised to fight
wrinkles without such drastic
measures as chemical peels,cosmetic
surgery or laser.
L‘oreal became the competitor
advertising “ Botox in a bottle”
in 2005 $1 billion in global sales
made best skin care brand in US.
Regenerist
19. Masstige & X-Pro
Total effect and regenerist elevated olay's positining to a mass prestige level
brand.
This made cemented olay as a premium offering in mass environment.
The rejunivation of the skin care category in the mass channel encouraged
retailers to expand the shelf space for skin products.
Higher marigins grew to sales overall.
Olay competed with L'Oreal, Neutrogena and aveena in mass market and
clinique, estee lauder and lancone in prestige category
Olay introduced X-Pro which is proffessional anti aging line in 2008. it contained
the most sophisticated formula designed by dermatalogist
the kit caused $60 causing retail sale to clock $100 million in fist year.
21. 144 New SKUs (Sub brand
,brand)
A Wide range of products
To Compete with DTC
Strategy (Cost
leadership)
What went wrong?
23. Strategy ( Focused Anti-
aging )
Millennials perceived as a
brand for their mother or
grand mothers
Retailers faced competition
against natural and new
brands as well as DTC brand
for younger consumers
This Resulted in reduced self
space for the products in
retailers such as walmart
24. Pressure to reach younger generation
let olay to launch a separate line in
2013 called “Olay Fresh”
This kit had combination of three
products Cleanser, Moisturizer,lotion,
and a brush.
This produced connected with the
younger consumers
But was not enough to offset the losses
of other products and popular enough
to get self space and advertising
Strategy ( Focused
Fresh Effects)
25. What is Olay’s Identity ?
Adding a new line of Fresh Effects even confused the consumers as what is
the identity of the brand.
New Leadership lead Olay to try different strategy
Cost leadership or reduced price
Introduction of new Products
Incentives to retailers
Increased media budget
Nothing worked to save on the declining sales of olay
26. Olay’s add
campaigns Agenda
“Your Best
Beautiful”
01
“Challenge
What's
Possible”
03
"Anti-aging"
to
"Ageless"
04
“Love The
Skin You
are in”
02
27. Identity Crises
1
The Brands point was loss
2
Olay got so to big and too complicated
4
Competing with DTC and Korean Brand
3
Consumers were not sure what olay is
anymore
5
Who Is
Olay?