1INTRODUCTION TO SOCIAL MEDIA Table of Contents Part A.........................................................................................................................................1 Part B..........................................................................................................................................1 References..................................................................................................................................2
2INTRODUCTION TO SOCIAL MEDIA Part A Social media is a platform that gives high exposure to brand recognition in this present competitivemodern world. Companieshaving more exposure to socialmedia platform gives the opportunities for further growth and expansion of the business, allows the company to reduce marketing costs, enter into a partnership, and generate more revenues (Dwivedi, Kapoor and Chen 2015). Nowadays, social media is a vital instrument that is being used by the marketing department of each organization to attract more customers and to increase brand recognition of its company (Alalwanet al.2017). Social media platform helps the companies to connect with the audiences and allows the marketers to understand the market demand efficiently. In this report, the L'Oreal Company is taken into consideration for analyzing the use of social media for branding its various products. L'Oreal is a personal care French company and is one of the leading cosmetic brands dealing with multiple products such as hair colour, make-up, hair care, perfume, skincare, and many other cosmetic related products. Social media is performing tremendously in the beauty industry and is helping the cosmetic professions to apply innovative approaches to carter more customers towards their business (Ashley and Tuten 2015). L'Oreal advertising slogan is"Because you're worth it."To gain brand recognition and attract more customers, L'Oreal takes help of social media marketing. L'Oreal is well
3INTRODUCTION TO SOCIAL MEDIA aware of the fact that approximately more than 50% of its consumers access social media daily. Because of this reason, the company uses social media platforms for branding of its products. L'Oreal started a media campaign #POWERON regarding promotion of their hair care product by taking help of social media platforms such as Facebook, Twitter, and Instagram. The fans were asked to upload their images on social media using hashtags #POWERON and tagging. The company efficiently used the platform to reach its target marketandrepresentthecompanywithabrandmessagethatpavedthewayfora conversation of women empowerment. The outcome of this campaign was impressive and received positive feedback from its customers. In Twitter, it received 28.3K followers and 1,320 likes. The company smartly uses the social media application to carter more popularity and using appropriate social media approach is one of the vital keys to success. Part B L'Oreal is one of the largest cosmetic enterprise present in 130 countries and aims to provide excellent quality products and services in cosmetic industry. The mission of the company is to offer best cosmetic innovative products to women and men all across the world by keeping in mind the respect for their diversity. L'Oreal is adopting innovative business approaches to obtain a sustainable business model (Yadav and Rahman 2017). The company strives to reach its ambitious goals by providing excellent innovative products to its target customers. The company has approximately 19 research and innovation centres with brands such as Garnier, Maybelline New York and the Body Shop. In 1909, a young chemist Eugene Schueller developed a hair dye and it was the first innovative development of the company that resulted into a multinational company.
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4INTRODUCTION TO SOCIAL MEDIA Presently the company is producing around 500 brands and numerous products in almost all sectors of beauty and fragrances. L'Oreal operates its research and development activities in various countries such as the US, Japan, India, China, and more other nations whereithasmorenumberofcustomers.Thecompanyinvolvesincosmeticand pharmaceutical activities that prove to be profitable for the business for further growth and expansion. In 2006, the company purchased one of the famous company The Body Shop, for £562 million. The company is expanding rapidly all across the world and trying to attract more brand recognition. In the current modern world, the importance of cosmetic industries is increasing day by day as people want to remain young and attractive (Lamberton and Stephen 2015). Generally, people have a thought that by using beauty products, one can build up the self-esteem and confidence of an individual. In the era of globalization, the completion between the cosmetic companies is rapidly increasing, and all companies are trying to use innovative and robust strategies by which they can acquire sustainable competitive advantage thus can efficiently lead the market. Similarly, L'Oreal is implementing various innovative approaches to rule out the cosmetic industry and to maintain a leading position in the competitive global market (Barredaet al.2015). It is evident that in the present scenario, to obtain fast and successful results one can take help of the social media platform and even many companies uses social media application to reach its target audience. L'Oreal uses
5INTRODUCTION TO SOCIAL MEDIA social media platform as one of its most critical marketing tools. Also, by using content and social media marketing, the company has obtained huge feedbacks from the customer part, and by evaluating the responses, the company is framing strategies that will be profitable for the company. The company launched attractive and beautiful editorial design that are highly appreciated by its customers and proved successful plan for the business. The consumers are highly dependent on the social media to make purchase decision and the company is well aware about this thus it takes help of the social media as an influencer on its customers. The company uses aspirational message to attract customers to buy their products. L'Oreal built an active online beauty magazine engaging its fans and thus attracting more brand recognition, even framing efficient brand management. L'Oreal has a massive audience over social media platform and uses various social media tools such as Twitter, Facebook, Snapchat, Youtube, and many more that provides successful outcomes to the company. In 2011, the company launched Makeup.com, which is a web portal having stunning designs delivering excellent quality beauty content. This step led to company to great success as the web portal includes various features such as provides beauty news, expert tips, DIYs with trend reporting, and many other high-quality features that are loved by the audience. L'Oreal is operating worldwide and has ample of products for males and females. The company's leading target group is women between 18 to 44 years. In the cosmetic industry, L'Oreal is manufacturing innovative brands and products that are highly appreciated by the audience. The retail segment of the company target the young generation between age group of 20-45 years who are interested in buying cosmetic products that have no harmful side effects. L'Oreal almost includes 39 beauty brands and includes most popular beauty brands such as Maybelline, The Body Shop, and other popular brands that have been highly recognized by the audience (Shareefet al.2019). L'Oreal is a leading personal care company
6INTRODUCTION TO SOCIAL MEDIA worldwide and reflects a high and attractive brand value that helps the company to stand out in the cosmetic industry. One of the significant reasons for the success of brand L'Oreal is that it uses specific innovative marketing strategies that help to reach customers all over the world and across multiples, income ranges. Thecompanyfollowsa universalizationstrategythatunderstandsand respects differences. The company manufactures products by keeping in mind the variations in desires,needs,andtraditions.ThevariousproductsofL'Orealmeetthecustomers' expectations to a high level. The social media platform is one of the essential reasons for the great success of the brand. Not only for L'Oreal but also for every beauty company, social media is significant, as it is the platform where people can communicate with each other without even knowing about their personality. Many marketers use social media as an essential marketing tool that will provide maximum profitability (Godeyet al.2016). The company is trying hard to frame an objective that will lead to 100% love for the brand, and social media is the driving force that will fulfill this particular objective. L'Oreal Paris launched a campaign to attract attention to its advanced hair care product. It uses social media tools such as Facebook, Twitter, and Instagram to make this campaign successful all across the world. The drive requires the customers to share their hair moments on social media by uploading their pictures and using the hashtag #POWERON; the winner will get a chance to meet the supermodel Karlie Kloss. The campaign spreads a message that a bad hair day will make women less confident, and women must try to maintain a good hair day to keep themselves confident and calm. The campaign empowers customer's self-esteemand seeks to raise awareness of L'Oreal's advanced hair care products. Thecompanymainlyfocusesonwomenempowermentconceptandusesthe appropriate social media application to advertise its various brands. However, L'Oreal succeeds in obtaining the leading position in the market by teaming up with supermodel
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7INTRODUCTION TO SOCIAL MEDIA Karlie Kloss. The company uses competitive strategies to beat their competitors in the market and gain more profitability. The winner of the contest was allowed to visit New York to meet Ms. Kloss. L'Oreal is giving a fierce competition to its competitors in the market and emerging as a global brand. It continues to rule the market by becoming one of the largest cosmetic companies. The company uses the social media platform in an extremely efficient way by engaging audiences all over the world and even giving importance to their responses. Even though social media is proving extremely beneficial, the company must try to use social media in some different ways by which the management of the company can obtain a better employee engagement scenario. For every organization, workforce assumes to be the highest strength, and the best way to maximize profit is to make each employee productive. The company is using various innovative employees' testimonials to attract more numbers of a new talented workforce that can contribute towards achieving the ultimate goals. The company must try some equip accurate tools in each level of the management that willprovideprofitableoutcomes(CervellonandLirio2017).Thecompanyfor encouragement of the employees must do continuous feedback and appraisal thus they will feel secure to work and will give their full efforts in achieving the goal. L'Oreal must try to use the employees as brand spokespeople. Adequate training must be given to employees that will ensure maximum productivity, and even social media platforms can be used to generate a more innovative and knowledgeable workforce for the company (Tuten and Solomon 2017). Lastly, the report concludes that in the present competitive world, social media plays a crucial role in maintaining healthy and attractive brand management for every organization. We have taken one of the leading cosmetic company L'Oreal for analyzing the effective use of social media in generating profitable revenues for the company.The paper explores various social media tools that are being used by the company to gain recognition across all over the world. One of the popular campaign is discussed that reflects the ways by which the
8INTRODUCTION TO SOCIAL MEDIA company attract more customers and experience high customer satisfaction. L'Oreal uses social media tools to generate a sense of community within the business by maintaining an impressive employer brand externally.
9INTRODUCTION TO SOCIAL MEDIA References Alalwan, A.A., Rana, N.P., Dwivedi, Y.K. and Algharabat, R., 2017. Social media in marketing:Areviewandanalysisoftheexistingliterature.Telematicsand Informatics,34(7), pp.1177-1190. Ashley, C. and Tuten, T., 2015. Creative strategies in social media marketing: An exploratory study of branded social content and consumer engagement.Psychology & Marketing,32(1), pp.15-27. Barreda, A.A., Bilgihan, A., Nusair, K. and Okumus, F., 2015. Generating brand awareness in online social networks.Computers in human behavior,50, pp.600-609. Cervellon, M.C. and Lirio, P., 2017. When Employees Don't' Like' Their Employers on Social Media.MIT Sloan Management Review,58(2), pp.63-70. Dwivedi,Y.K.,Kapoor,K.K.andChen,H.,2015.Socialmediamarketingand advertising.The Marketing Review,15(3), pp.289-309. Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R. and Singh, R., 2016. Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior.Journal of business research,69(12), pp.5833-5841. Lamberton, C.P. and Stephen, A.T., 2015. Taking stock of the digital revolution: A critical analysis and agenda for digital, social media, and mobile marketing research.Saïd Business School WP,16. Shareef, M.A., Mukerji, B., Dwivedi, Y.K., Rana, N.P. and Islam, R., 2019. Social media marketing: Comparative effect of advertisement sources.Journal of Retailing and Consumer Services,46, pp.58-69. Tuten, T.L. and Solomon, M.R., 2017.Social media marketing. Sage.
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10INTRODUCTION TO SOCIAL MEDIA Yadav, M. and Rahman, Z., 2017. Measuring consumer perception of social media marketing activitiesine-commerceindustry:Scaledevelopment&validation.Telematicsand Informatics,34(7), pp.1294-1307.