Research Project: L'Oreal's Marketing Strategies in Emerging Markets
VerifiedAdded on 2023/01/20
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AI Summary
This report presents a research project investigating the marketing strategies employed by L'Oreal S.A. in emerging global markets. The study aimed to understand the impact of globalization on L'Oreal's business operations, assess the benefits of their cosmetic products in overseas markets, and identify challenges faced. Employing an inductive approach, the research utilized a survey questionnaire administered to 20 L'Oreal managers. The findings revealed that changes in business strategies, increased competition, and the need to adapt marketing content were major impacts of globalization. The study highlights that L'Oreal experienced changes in business strategies when managing international options. The marketing department experienced major changes in strategic planning. The major benefit of changing marketing strategy was sales enhancement. Identifying personas was a major challenge. The report recommends ethical marketing practices, focusing on cultural values and consumer preferences to enhance marketing effectiveness, along with recommendations for improving marketing strategy and planning, such as identifying target personas and crafting tailored marketing messages.
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