Strategic Marketing for E45: The Beauty of Simplicity
Verified
Added on 2023/01/12
|12
|590
|41
Presentation
AI Summary
This presentation focuses on strategic marketing for E45: The Beauty of Simplicity, a skincare brand offering products for itchy or dry skin. It covers market size and trend data, competitors analysis, macro and micro economic factors, customer analysis, stakeholder analysis, and key strategic marketing objectives.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Strategic Marketing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Introduction Strategic Marketing refers to a method by which a business entity differentiate itself fromthe rivals through emphasizing on its strong areas to administer better value and services to customers. This PPT is based on E45: The Beauty of Simplicity which is a skincare brand, offeringvarietyofproductstocustomerswhicharespecially formulated to manage itchy or dry skin.
Market Size and trend data Themarket size of global skin care products was valued around 134.8 billioninyear2018andis anticipatedtogrowatCAGRof 4.4% till 2025
Competitors analysis Competitor analysis is the procedure of evaluating competitors of firm, its products as well as marketing strategies. There are various competitors available in market of United Kingdom of E45: The Beauty of Simplicity.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Macro economic factors Political:In beauty industry, product safety is the crucial factor for which a act called 'Personal Care Product Safety Act ' was developed by government which enable FDA to ensure product safety Economic:The factors likeinterest rate, inflation, recession highly impacts the industry. If the inflation rate is high in the market, then it declines the buying power of consumers.
Continue… Social:The needs and preferences ofcustomers are changing very frequently and there are various competitors available in market which offers innovative products to customers. Technology:It is the most crucial factor for every organisation that helps firm in gaining competitive advantage over rivals.
Micro economic factors Customers:They are the crucial part of company as its growth and success highly rely on it. Employees:They are the main assets of an organization that leads it towardsgrowthbyensuringaccomplishmentofitsgoalsand objectives.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Customer analysis In the marketing plan of E45, customer analysis is the crucial part that helps in determining target customers, anticipating their needs and specify the way to satisfy them. The target customers of E45 are those people who suffer from dry or itchy skin, psoriasis, eczema, dermatitis or ichthyosis. The products offering by company helps those people in improving the condition of their skin.
Stakeholder analysis Stakeholder analysis helps the company in determining the stakeholders of company, grouping them as per their participation level, interest and influence. The stakeholders of company includes owner, employees, customers and government.
Key strategic marketing objectives To develop the brand awareness of company by conductingeffective marketing campaigns in upcoming years. Toincrease the sales and profit ratios of company by 30% within next 2 years.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Conclusion As per the presentation, it has been concluded that strategic marketing is the plan of organisation to target people and transform them into customers of the products and services offered by an organisation. An effective marketing plan helps the firm in promoting its products and services in more effective and accomplishing the goals.
References Banerjee, S.B., 2017. Corporate environmentalism and the greening of strategic marketing: Implications for marketing theory and practice. InGreener Marketing(pp. 16-40). Routledge. McDONALD, M.A.L.C.O.L.M., 2016. Strategic marketing planning: theory and practice. InThe marketing book(pp. 108-142). Routledge.