L Oreal's Cultural And Political Factors In The Business Industry
L’Oreal is a very big and famous brand it has many branches and located in many countries, and many markets to deal with. There are many political rules and regulations that L’Oreal has to follow and deal with. Some of the political and regulatory considerations are:
In more than 68 countries L’Oreal has it subsidiaries.
They are representing 37% of cosmetic sales in their new markets.
The economic, political, exchange risk, and compliance, regulatory, and market turnover is a significant risk and must be managed.
Food and Drug Administration (FDA) – Cosmetics are regulated in the U.S. by the FDA.
The immense amount of steps that L’Oreal must go through for each of material, process, labeling, document, and so forth to create each product in each country is time consuming and complex at the least. Each Country Product Regulation – Each country has their own government regulation body and procedures for products that are produced / manufactured by L’Oreal.
L’Oreal Cultural and Social Considerations
L 'Oreal’s has a lot of global influence within many countries, with the combination of cultures and management of different parts of the world has made and shaped L’Oreal into a very distinctive and unique organization within French culture. Thus we can say that it’s a very their organization is based on French etiquette.
People from different countries and continents have their own specific needs and have different habits, desires and dream. Thus product
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