Preview

Eden Creations

Powerful Essays
Open Document
Open Document
840 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Eden Creations
ADMK 6311 – Marketing
Case Analysis Executive Summary
Case Name: Eden Creations

Problem Statement/Issue(s) Identification: It is August 2nd, 2004, and Melissa Jean, Designer and Owner of Eden Creations, must develop a formalized marketing plan – including target market, positioning and marketing mix – to ensure the continued success of her company. Jean designs and crafts specialty beaded jewelry as accessories for weddings and other bridal occasions, and primarily sells through bridal retailers in London, Ontario, and surrounding areas. Jean’s decisions to reach her financial goals for the next year must be made before returning for her postgraduate education in September.

Recommendation (be specific): Jean will forego adding a second daywear jewelry collection to Eden Creations and will not create an online presence at this time. Her marketing plan will be to advertise Eden Creations’ brand image as a bridal collection at the Canada’s Bridal Show in September and distribute semi-annual newsletters to her current 6 retailers while arranging sales meetings with Tiffany’s Bridal and Ballet’s Wedding Specialist (exhibit 1). Jean’s jewelry collection will receive notoriety and exposure to approximately 28,000 patrons at the bridal show and allow Eden Creations to sell directly to the end consumer, providing an opportunity for increased profitability.

Rationale/Key Points of Analysis (that most directly relate to your recommendation): Eden Creations’ bridal collection offers a contemporary style at low prices, targeting younger brides (planning their first wedding), bridesmaids and other women of the wedding-party in Southwestern Ontario. Jean’s experience as a sales associate with Nicholas and Elizabeth Bridal allowed her to become very familiar with the clientele and the retail bridal industry, and having maintained her relationship with its management has allowed Jean the credibility to approach other bridal stores. Jean, on the other hand, has

You May Also Find These Documents Helpful

  • Powerful Essays

    The following assignment is the second phase of a marketing plan created by the members of Team C in the MKT/421 course. The team was responsible for holding discussions on the new product created in the first phase of the marketing process, which in their case, is a new medically prescribed Nike running shoe made by a specific branch of Nike, known as Nike Adjust. The team was responsible for identifying the segmentation criteria that may affect the targeted market selection, as well as the identification of the target market.…

    • 1538 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Smith Design Case Analysis

    • 1949 Words
    • 8 Pages

    By the second year of selling at boutiques and fairs, Smith Designs caught the attention of high-end department store buyer who became their major account - ordering infant rompers to supply twenty-seven stores. To go with the rompers, Cindy…

    • 1949 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Matilda Jane Marketing Study

    • 3321 Words
    • 14 Pages

    Marketing Concept The marketing concept can be defined as the idea that an organization should strive to satisfy the needs of customers, while also trying to achieve the organization’s goals.1 The marketing concept is about matching a company 's capabilities with customer wants. This matching process takes place in what is called the marketing environment. Businesses have to take into account their competitors, as well as changes in the political, economic, social and technological environment. The before mentioned factors must be taken into account as an organization tries to match its capabilities with the needs and wants of its target customers. An organization that adopts the marketing concept accepts the needs of potential customers as the basis for its operations. Success is dependent on satisfying customer needs. These needs are successfully satisfied by designing a marketing program, as well as having the correct combination of product, price, promotion and place. Matilda Jane Clothing collection for girls is a privately owned company that has been in operation for approximately three years. Matilda Jane manufactures unique girl’s clothing with each product being custom designed and sold similar to art; a limited number of each design is produced. Matilda Jane does not have a structured marketing concept in place. Inadvertently, a marketing concept is slowly developing through the sales strategy that Matilda Jane is using to grow its business. Thus, their marketing concept would be to supply a one of a kind limited collection of clothing; justifying a premium price point. They have been successful since their conception three years ago in satisfying their customer, as the clothing is in high demand. As an example, in February of this year, Matilda Jane decided to host an "online" Art Show for those who could not attend one of the two Art Shows held in US locations throughout the year. This would…

    • 3321 Words
    • 14 Pages
    Better Essays
  • Good Essays

    Founded in 1998 by recent university graduates Jen Kluger and Suzie Orol, Foxy Originals, a Toronto-based jewellery company, grew to become a well-known designer and producer of high-end jewellery with a strong presence in the Canadian market. Foxy Originals’ high- quality necklaces, bracelets, and earrings are currently sold in over 250 Canadian boutiques. The company’s fast-growing customer base consists mainly of style- and price-conscious women between the ages of 18 and 30 years old. The company’s ability to satisfy huge demand for low-priced high-end jewellery gave it a competitive advantage in a market that long had overlooked low-income young women. As a result, Foxy Originals had a remarkable 400% growth (Exhibit 1)…

    • 1880 Words
    • 8 Pages
    Good Essays
  • Good Essays

    The clothing boutique, Helen’s can implement a range of strategies and undertake several changes in order to regain hold of large market share in the area. This includes altering the target market to both young and old women, to implement new advertising techniques, and also to change its stock.…

    • 1278 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    BUS 620 Week 1 DQ 2

    • 573 Words
    • 2 Pages

    Select a consumer product of personal interest—one that you have purchased within the past six months. It can be anything, just as long you are familiar with the product and generally understand how it is marketed. Using the matrix model of marketing management in Table 1.2, fill in the cells of the matrix as completely and thoroughly as you can for the brand that you purchased. Be sure that your entries correspond to your perspective as a customer for this brand. In short, you are the target market. You may wish to create one or more positioning maps to help illustrate how ...…

    • 573 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Principles

    • 2341 Words
    • 10 Pages

    STUDENT HANDOUT ASSESSMENT PART ONE MARKETING RESEARCH REPORT Unit of Competency: BSBMKG501B - Identify and Evaluate Marketing Opportunities /35 C or NYC…

    • 2341 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Blue Nile Inc Case Study

    • 1241 Words
    • 4 Pages

    Blue Nile Inc. is an online retailer of certified diamonds and fine jewelry. Blue Nile has grown to be the world’s largest online retailer of such items. Blue Nile has found success in the online market by offering the best diamonds and jewelry to customers at low prices. Mainly selling engagement rings, Blue Nile also specializes in customizable jewelry designed to be worn for everyday use along with higher-priced items designed for the special occasion. In a market that totals $145 billion dollars worldwide and $65 billion in the U.S alone, it is a major feat for Blue Nile to have found their success, especially with the numerous competitors offering similar…

    • 1241 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    One of the most useful resources for ideas were the Fashion weeks, showing collections of famous and up and coming designers in New York, London, Paris and Milan. The most coveted pieces, cuts, fabrics and colours were noted and further observed on reputable websites / such as Vogue.com, Style.com and Wsgn.com. /and in magazines / Vogue, InStyle, Glamour, Bazaar etc. /. The blogs of well-known fashion bloggers were also visited where the feedbacks from the readers were examined carefully. This provided an essential insight into the mind of the customer and helped predict their future reactions to the trends that were to be developed. A survey was conducted amongst high street shoppers to pinpoint the biggest competitors and get to know the base customers` habits so the company could plan successful targeting. Textile trade fairs confirmed the choices made for the seasons` prints and fabrics, also enabling Miss Selfridge to collect unique, affordable additions to its range and at the same time follow the styles invented by reputable fashion designers.…

    • 2904 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Bud Light Target Market

    • 599 Words
    • 3 Pages

    Perreault, Jr., W. D., & Cannon, J. P., & McCarthy, E. J. (2010). Essentials of marketing: a marketing strategy planning approach (12th ed.). New York, NY: The McGraw-Hill Companies, Inc.…

    • 599 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marketing Plan Template

    • 269 Words
    • 2 Pages

    Marketing Plan By Charlene McCormack I. Executive Summary 3 II. Introduction 3 III. Situational Analysis 3 A. The Situational Environments 3 1.…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Eden Project

    • 8048 Words
    • 33 Pages

    This report is about the Eden Project, which is a tourist attraction in Cornwall, the South-West of England. Founded by Tim Smith and owned by the charity organization Eden Trust, the Project was opened in 2001.…

    • 8048 Words
    • 33 Pages
    Powerful Essays
  • Better Essays

    The Eden Alternative

    • 2645 Words
    • 7 Pages

    The Eden Alternative is a fascinating and relatively new philosophy that has had an enormous impact on nursing homes and long term care facilities across the country. Founded by Dr. William Thomas in 1991, the Eden Alternative has seen tremendous growth and expansion. Researching this topic I spent a lot of time on the Eden Alternative website reading about their philosophies, values, and principles. The Eden Alternative is a nonprofit organization that with the help of grants and donors has been able to expand domestically in the United States, and internationally. The vision of the Eden Alternative is to eliminate loneliness, helplessness, and boredom. Those three comprise what Dr. Thomas calls the ‘three plagues’ that affect elders in nursing home settings. The mission of the Eden Alternative is to improve the well-being of elders and their care partners by transforming the communities where they live and work. I found that the message of this program really resonated with me, and I was impacted so much that I am now looking into this philosophy even further as my grandparents continue to age.…

    • 2645 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Pest Analysis Marketing

    • 1591 Words
    • 7 Pages

    Japan is a democratic country with a constitutional monarchy and parliamentary style government. The Emperor of Japan, Akihito, is a symbol of the state and unity of the people (CIA World Factbook-Japan, 2011). The Emperor has little power since the decision making process is adopted by the Prime Minister (Yoshihiko Noda) and his elected National Diet (CIA World Factbook-Japan, 20011). The Prime Minister is elected by the Emperor for the term of 4 years (MIEPA, 2009). However, due to the large amount of political turbulence, it is common to have an incomplete term. Yoshihiko Noda, became Japan’s sixth premier in five years in early September of this year. (The Irish Times 2011).This turbulence indicates that there is political instability that is unfavourable from an investing perspective.…

    • 1591 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    8ps of Services Marketing

    • 555 Words
    • 3 Pages

    Following are the 8Ps of services marketing for this new Service. In which we provide service of all types of Silver and Imitation Bridal jewellery including necklaces, ear rings, Bengals, bracelets, anklets, rings, chains, tika, jhomer and nath. Our target market is upper middle, middle and lower middle class of society.…

    • 555 Words
    • 3 Pages
    Satisfactory Essays