Mary Kay Business Model

Think of a product or service that you use regularly and describe what it is.
There are numerous products that I enjoy using in my daily life. These products range from home properties, technology, fashion, and cosmetic. However, one product that is synonymous with me is ‘Mary Kay’ cosmetic products. Although many people associate Mary Kay products to women, it is, however, a product that enhances and provides health to all users: whether men, women, boys or girls. The package of Mary Kay cosmetic products includes makeup, skincare, body and sun, fragrance, men’s, and gift items (Mary Kay, n.d.). Mary Kay cosmetic skin care product lightens and nurtures the skin and remove blemishes, wrinkles, and irritation from an aging skin. That is obviously

As an entrepreneur, there are various ways I would go about developing a team that would help me develop and sell the product. First, I will implement the Tuckman model of forming, storming, norming, and performing stages to develop the team. In the storming stage, the team is assembled and introduced to each other and they articulate their interest in the team and what they apparently intend to accomplish with the team. In the storming stage, I realize that the team member can begin to have personal ideas of how the team and its work should be, but it is a part of the development process. In the norming stage, as the team progresses through the storming stage, the team finds a focus and concentrate on the task before them. And in the last stage, which is the performing stage, I should see the team engage in problem-solving and start to implement changes to the work they are assigned. Finally, I would prepare for the last stage of building an effective team which is the adjourning stage. This is actually the climax of the team or a period when the team has completed its project and ready to wound down (Entrepreneurship, n.d.). So, this is how I would go about developing a team helping me on this

There are different ways to meet these people and convince them to join my team. Some team member will be people of the same faculty or department with me in the university who might pick interest in my product and see the necessity of lending their expertise. Others may be working in a similar field or discipline, which I could meet through networking. In these days of technological advancement, it is possible to meet people with similar or complementary interest online and in various organizations. Other possible places to meet these people are at a professional conference, at trade shows, and at company meetings.
Convincing someone to join a team requires more than knowing and meeting the person. However, to convince these people to join and work with me in the team, I will have to explicitly clarify the vision of my intention with them. In other words, I will explain the purpose of the company and the product idea to them and the role of the team in the product development and subsequent sale of the product. It is important that a team understand its formation purpose and function to achieve maximum results. I will also make known to the people what goals are important for me to achieve; whether it is a financial goal, improving our skills, or expanding to uncharted market could be necessary to convince them to join the