L'Oreal Marketing and Promotion Strategy Analysis Report
VerifiedAdded on 2023/01/12
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Report
AI Summary
This report examines L'Oreal's marketing and promotion strategies, focusing on the roles of marketing, human resources, and finance within the company. The analysis begins with a brief overview of L'Oreal, founded in 1909, and its core business in the cosmetics industry. The main body of the report delves into the functions of different departments, including the marketing department which analyzes customer needs and market trends to conduct promotional activities effectively. It also highlights the role of human resources in identifying and deploying capable employees to execute promotional activities, and the finance department's responsibility for providing the necessary budget. The report concludes by emphasizing the importance of promotional activities for increasing sales and the necessity of using various promotional methods. References include academic research on branding and marketing mix, providing a foundation for the analysis of L'Oreal's strategies.