Case Study on Mary Kay Cosmetics: Asian Market Entry Executive Summary Mary Kay Cosmetics Inc’s (MKC) was facing challenges of increasing number of competing direct selling organizations in the US cosmetics market and was not satisfied with their sales revenue generated from international sales. They believed MKC culture could be transferred internationally and that Mary Kay Ash’s charisma‚ motivation and philosophy were likely to appeal to women throughout the world. MKC management would
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1. Why has Mary Kay Cosmetics (MKC) not been as successful as Avon in penetrating international markets? In 1992‚ the percentage of international sales of Mary Kay Cosmetics was only of 11% of total sales while‚ for instance‚ the percentage of international sales of Avon (a main competitor) was 55%. The reasons why MKC failed when penetrating international markets were‚ among others‚ that they did a direct application of their US marketing strategy (products and communication) without taking
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Theory) leads to high employee motivation. * Mary Kay ’s automobile reward program is highly valued by employees (high outcome valences in Expectancy Theory) and has spurred many consultants to perform at very high levels. Automobile reward is contingent on the meeting of minimum monthly sales targets. * Consultants ’ need for belonging and esteem (Need Hierarchy Theory) is cost effectively leveraged by the various recognition programs. * Mary Kay Cosmetics has training systems to improve performance
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MARY KAY’S EC SYSTEMS Founded in 1962‚ Mary Kay (marykay.com) has about 1.8 million consultants selling its cosmetics and fragrance in 34 countries. In 2008‚ the company had about $2.4 billion in wholesale sales. As a company that has based its reputation on personal contacts in door-to-door visits and home gatherings‚ one might think that Mary Kay would not benefit from EC. Actually‚ the opposite is true. Currently‚ more than 95 percent of Mary Kay’s independent salespeople place orders via the
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Abstract Kathryn Ann “Kay” Bailey Hutchison became elected in 1993 by Texans to the United States Senate in a special election‚ making her the first and‚ to date‚ the only woman elected to represent the state in the Senate. She is now the senior United States Senator from Texas. She is a member of a republican party. In‚ 2001 She was named one of “The 30 most powerful women in America” by Ladies Home Journal. Hutchison serves on the following Senate committees: Appropriations‚ Commerce‚ Science
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and Sydney Painter and my other eight grandchildren Thanks to Kelly and Steven for their help. Illustrations by Lucas Franco Email : lucasamaralf@gmail.com My mommy is having a baby By Kay Holden Today is a very special day my dad told me my mom is going to have a baby. “Where she going to get it I asked?” “It will grow in mommy’s tummy just like you did said dad.” “I grew in mommy’s tummy asked Ethan?” “You sure did dad‚ replied”
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War is a natural and necessary side effect of conflict. There must be resolution as nothing poisons the hearts and souls of a people more than a never ending conflict. No evil even war at it’s worst is more painful to a culture than unresolved major conflicts. There must be resolution and once a conflict reaches a certain point no amount of talk will ever solve the problem. Force must be used‚ whether implied or actual. Conflict is a vital element of human nature. The day we cease to have conflict
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Mary Kay vs. Maybelline Mary Kay has been one of America’s most trusted global names in skin care‚ makeup & body care for many years‚ as well as Maybelline cosmetics. Both provide America and the rest of the world with astonishing beauty products like make up‚ lip stick‚ and lip gloss. When American women and teenagers go out to buy their cosmetics‚ they are bombarded with different ads and different products saying that what they make is the best thing out there. Mary Kay and Maybelline cosmetics
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How would companies use the Strategic Management Process to attain distinctive competitive advantage over their competitors? Strategic management process is a process which companies use to plan for either short-term or long-term goals. It consists of three components – strategic analysis‚ strategic choice and strategic implementation. (Albert 2012‚ 1) It is also a tool which is used by management to make decisions for companies to have competitive advantage over their competitors. Strategic management
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Founded in 1962‚ Mary Kay (marykay.com) has about 1.8 million consultants selling its cosmetics and fragrances in 34 countries. In 2008‚ the company had about $2.4 billion in wholesale sales. As a company that has based its reputation on personal contacts through door-to-door visits and home gatherings‚ one might think that Mary Kay would not benefit from EC. Actually‚ the opposite is true. Currently‚ more than 95 percent of Mary Kay’s independent salespeople place orders via the Internet.
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