REVLON INC. Point of View: The analysis of the Revlon ’s case and the recommendation provided is based on the company ’s consultant ’s point of view. Problem: Since the CEO of Revlon started to minimize the cost of operation by consolidating the functions of the departments which can be combined and eliminating other management positions in order to reduce its expenses‚ it can also the reason why the company experienced decreasing sales and operating losses because there is a possibility
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ABSTRACT Avon is one of the diversified cosmetics company in USA and they have implemented several strategy in order to attract more customers for their products. They have the best strength i.e. channel of distribution‚ loyal customers and the marketing segment which contribute more on the success of sales. However‚ they have certain problems such as bad-debt‚ new trend for green products and their not so good homey image. Avon need to implement the strategic plan laid out in this study if they
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Strategic Management Plan for Avon Philippines [www.avon.com.ph] Prepared by Euvie A. Castroverde Student number 201202385 – BSA22 March 11‚ 2015 Table of Contents Executive Summary pg. 3 I. Company History and Background pg. 3-4 II. Products of the Company pg. 4-5 III. Company’s Competitive Situation pg. 5-6 IV. Industry Analysis pg. 6-10 V. Industry Forecast pg. 10-11 VI. Plan of the Company pg. 11-12 VII. Mission Statement pg. 12 VIII. Vision
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Executive Summary Avon Products‚ Inc. (Avon) is based in New York. The firm engages in the manufacture and marketing of beauty and complimentary products primarily in North America‚ Latin America‚ Europe‚ and Asia Pacific (Yahoo Finance‚ 2005). Avon’s products are classified into three product categories: Beauty‚ Beauty Plus‚ and Beyond Beauty. The Beauty category consists of cosmetics‚ fragrances‚ skin care‚ and toiletries; Beauty Plus includes fashion jewelry‚ watches‚ apparel‚ and accessories;
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Avon Case Study BA 499- Sec 01 1. In what way does Avon follow a global strategy? Does this experience indicate that it should pursue a different strategy? Avon way in following a global strategy was when they announced the ban on all direct selling and had to switch to the traditional retailing. Meaning that all the Avon sales associates that sold their products from out the comfort of their home would now have to sell from a retail store. Being that Avon is a foreign business in China‚ the
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Decision and Background: Despite being well associated with high quality cosmetics products‚ Modi-Revlon has failed to increase sales and turn profitable last three years‚ mostly because the company’s highly-priced products are only affordable to a very small percentage of wealthiest Indian women. Megna Modi‚ executive director for Modi-Revlon must decide how to make Revlon-branded products’ prices more attractive to the mass premium market while maintaining Revlon’s position as high-end cosmetics
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1. REVLON INC. EXISTING VISION AND MISSION Vision Provide glamour‚ excitement and innovation to consumers through high-quality products at affordable prices Mission To emerge as the dominant cosmetics and personal care firm through the twenty-first century by appealing to young/trendy women‚ health-conscious women (skin care)‚ and older women with its variety of brands 2. NEW VISION AND MISSION STATEMENTS FOR REVLON INC. Vision To be wellknown and accepted as the high value
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concerns about product safety and the use of animal testing by cosmetics companies[1]. In 1990‚ cosmetics giant Revlon became one of the first industry heavyweights to swear off all animal testing. Since then‚ Revlon has grown to be an animal-friendly empire‚ garnering awards for its products from magazines such as Cosmopolitan‚ Teen People‚ Allure‚ and In Style[2]. That is a signal that Revlon has an awareness of social responsibility and also showed their concerns about natural environment. Besides
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1. Should Revlon concentrate its efforts on international markets? Yes. • More source of income. • More consumers • Increase market share • Cost beneficial 2. Should Revlon diversify its operations or develop joint venture with other companies? Yes. • Joint Venture will lessen expense • Can get ideas from other company • Other company can provide something that Revlon don’t have 3. What role does innovation play in the strategic planning of Revlon? Which specific type of innovation
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Financial Management Spring 2010 Project: Financial Analysis for Avon Products Inc Student: Ninoska Trejos April 17‚ 2010 1. Background 1.1 Company Description Avon Products Inc (AVP)‚ founded by David H. McConnell‚ is a leading global beauty company‚ with $10 billion in annual revenue; it commenced operations in 1886 and incorporated in the State of New York on January 27‚ 1916. The company’s stocks are traded in the New York Stock Exchange (NYSE). Its products fall into three
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