Implementation, Control
Concluding with the final stage of the marketing process, Lush cosmetics will continually carry out monitoring and altering their methods of marketing by further developing close relationship with their consumers through education and innovative products (Fiorletta, 2015). For the year 2016, Lush cosmetics targeted to create an amount of 48 million products overall. According to Cosmetics Business (2015) in an interview with Lush Cosmetics founder Mark Constatine, stated the company focuses on a constant upgrade of the factories and employee training programs.
LO 1.2
There are five Business orientation models that aid the organization’s marketing activities. They are as follows;
Production Concept;
Being the oldest
…show more content…
Consumers tend to be more reluctant when purchasing goods so products end up being sold and not bought; this also affects customer satisfaction levels (Kotler, 2000). These methods will eventually lead to a dependency on sales to achieve the organization’s objectives regarding profit and growth. Overall the customer’s needs are not satisfied and therefore could in turn affect the business negatively by word of mouth and product dissatisfaction (Bhasin ,2016). The only positive outcome of the selling concept is a quick turnover of profit, which is in itself yet a short term …show more content…
The Societal Marketing concept is regarded as the advanced Marketing concept since it being more theoretical however so will leave an impact on marketing and selling methods that are yet to come (Kotler, 2000).Profits for the business are to be achieved through consumer loyalty and society’s recognition. Marketing is practiced ethically and the organizations also aspire to manufacture their products and services through conservational and environmentally friendly means.
Moreover this concept has a few drawbacks to it, one of which are it is difficult to carry out towards targeted markets since it is considered mainly suitable for mass marketing products (Yadav, 2015). Another disadvantage could be the lack of reinforcement from the government for the organizations social standards and efforts for the economy. Furthermore not all organizations would undertake their corporate social responsibility or even so it could be misused for the benefit of profit and market
Assessment of Future Performance Not only has Ulta Beauty shown remarkable growth in its industry, it shows potential for continued growth, both in comparison to its competition and itself. The company has plans for further fiscal growth and store expansion, as well as strategies to improve its current branding and marketing; the company also shows potential to accumulate and retain an increasing amount of new customers. Fiscal Growth In recent years, Ulta Beauty has been able to truly compete with other companies in the beauty industry. While it is impressive that Ulta Beauty is able to outperform its competition, it should also be noted the progress the company makes in relation to itself.
The Corporate Social Responsibility of the company is responsible for the welfare of society. The company did not think about the community. Thus, the company had to face the title of being unethical resulting in losing its
111). The main reason why this is one of my favorite aspects of this book is that it encourages “reasonable down-selling” (Spoelestra, 1997, p. 112). I think that too often salespeople try to only upsell customers, and that can end in a bad experience for the customer, or not sale for the organization at all. I believe that if all salespeople abide by this rule, then organizations will be more successful, as customers will actually be purchasing something they actually want and will enjoy, which increases the chance that they will be a repeat
Ulta Beauty aims to be accessible and convenient to its customers across various markets. And finally, to invest in infrastructure to support their guest experience and growth and capture scale efficiencies. Ulta Beauty expects to continue growing its enterprise inventory capabilities so as to better anticipate and respond to their customers’ demands across all
Their strategic marketing efforts have played a vital role in establishing themselves as a market leader. The brand's strong visual aesthetics, emotional appeal, and consistent messaging have established a powerful brand identity that resonates with people. It is clear through the nature snd intent of their beauty campaigns that their advertising not only generates sales and brand exposure, but it additionally strives to shape beauty standards and promote diversity in the industry. Ulta Beauty has gained a devoted client base and maintained its position as a dominant force in the beauty industry by grasping the attention of their target audience through recognizable color pallets, neon oranges, pinks, and bright whites, and impactful messaging, motivating them to discover their beauty
The growing concerns of consumers about sustainable products and services lead to legislative amendments and to new products and services that follow the regulations or have a pre-emptive role (Slavova, 2014). The purpose of legislation is to protect the consumers by set prices for consumer goods. Therefore, there will be better quality products, more choice and innovation, all of that is for consumers own benefits. Consumerism influences people’s characters causing poverty.
It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
Discussion: Sales are the most dominating factor for any organization. In any circumstances, sales will always
Davis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Salespeople create value for their firms’ customers by advocating and communicating the customers’ needs, desires, concerns, and preferences back to the company and find solutions (Tanner and Raymond, 2010). Also, since the salespeople are experts in regards to their products, they can best advise the customer as to which product is the best fit for them or adapt offerings to fit. In this way, salespeople create value that would not have
In the recent years more and more companies in the retail and food industry are concerned about the environmental consequences of their action and also the social ethics for the people involved in the production process. This is a shift from the philanthropic actions companies used to take in 1970’s and by following basic international standards to a ‘business case’ perspective of CSR (Customer Social Responsibility). According to the World Business Council for Sustainability Develpoment ( WBCSD) CSR is: ‘’ the commitment of business to contribute to sustainable economic development, working with employees, theirfamilies, the local community and society at large to improve their quality of life’’ (World Bank, 2002)
CASE STUDY HINDUSTAN UNILEVER- TRANSFORMING A BRAND INTO A SOCIALLY RESPONSIBLE LEADER. 6/30/2015 Amity International Business School Aditya Agarwal A1802014167 Faculty Guide- Dr. Kokil Jain Industry Guide-
One of the main reason of that is that would be that (they? Who?) are not just looking at the financial success, but also at the social responsibility criteria.
Every business industry nowadays, whether they are aware of it or not, depends on business strategies that they implement in order to achieve high growth potential. Some businesses, however, tend to forget the importance of maintaining effective sales strategies, therefore, they experience a decrease in sales causing their business to eventually experience some financial difficulties. Gluck (n.d.) describes sales strategy as a plan that allows companies to position their brand or product in order to gain a competitive advantage. Successful sales strategy should create a need by convincing a potential customer that the good is presented to them can solve their problems. This has to be created as a “planned approach to account-management policy
Digital marketing is the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital medium. Digital marketing 's development since the 1990s and 2000s has changed the way brands and businesses use technology for marketing. As digital platforms are increasingly incorporated into marketing plans and everyday life, and as people use digital devices instead of visiting physical shops, digital marketing campaigns are becoming more prevalent and efficient.