SUMMARY: Paramount is planning to launch a new nondisposable razor ‘Clean Edge’ which has an improved design and provides a superior performance by utilizing a vibrating technology that that stimulates hair follicles lifting them from the skin and allows a more thorough shave. CURRENT MARKET SITUATION: Launching a nondisposable razor in the super premium market is a brilliant move as: a) Paramount has a respected brand image in the razor market through its two already existing brands 1) Paramount
Premium Marketing
Clean Edge Razor Case Study Students: Nancy Clark Gonzalez‚ Jennifer Frost‚ Marty Webb Summary of the background and facts This case study‚ while based on real events‚ is a fictional case that represents a possible scenario managers in today’s business environment may encounter. The individuals and companies used in this case are also fictional. Paramount Health and Beauty Company‚ known as Paramount‚ is a global consumer products giant with four corporate divisions including Health‚ Cleaning
Premium Marketing
Clean Edge Razor- Case Analysis Introduction Paramount Health and Beauty Company has developed a new razor called Clean Edge. Paramount needs to decide between launching this razor in a niche or mainstream position. After analysis‚ we recommend that Paramount launch Clean Edge in niche position. Analysis of Clean Edge Financial Analysis Launching Clean Edge as a niche product would require significantly less ad expense compared to attempting a mainstream positioning‚ $15 million compared
Premium Marketing Shaving Razor
Clean Edge Razor 1. Use “niche market” positioning concept Randall should use the “niche market” positioning concept. As the case points out‚ both “niche” and “mainstream” strategy will help Paramount to raise its market share in super-premium non disposable razor segment. But the “niche” strategy will enables Clean Edge Razor to contribute profit and at the same time‚ limit the effect of cannibalizing Paramount’s existing products. Two reasons Randall should use the strategy are presented
Premium Marketing Strategic management
Case Study : Clean Edge Razor - The evaluation of Possible Solution Niche Market Launch PROs CONs *Cost for advertising‚ consumer and trade promotion is lower compare to mainstream. *Huge market to explore – Emotional Shaver makes 39% of nondisposable razor user *The advantage of being enter to niche market is by conquering the small portion of market its easier to control the customer buying response and also easy to evaluate customer feedback. By then‚ it also can improve more in the future
Premium Competition Marketing Good
Strengths Weaknesses 1) Paramount focuses on extensive clinical testing. A consumer research indicated that Clean Edge achieved a 25% increase in hair removal compared to other leading nondisposable razor brands. 2) Paramount is a respected brand in the industry. 3) Paramount created a special nondisposable razor project team. The team focuses on developing a technological breakthrough and providing the company with a standout new product in the category. 4) Paramount has the possibility to
Premium Shaving Marketing Laser hair removal
Q1. Key Milestones Gillette dominates 70% of global razor market; their strategy is to keep on producing new products‚ developing new innovations‚ and remaining as the market leader in men’s grooming market. Gillette introduced its first razor in 1903; by 1971‚ they invented Trac II “the world’s first two-blade razor”. Comparing to the original one-bladed razor‚ the two blades work better. Then they came out with Altra‚ the razor with a pivoting head‚ in 1977. The Sensor came out soon after
Premium Shaving Razor
Taylor Lagan Marketing 310 Dr. Pinebrook Mid-Term Project Part 1 Current Marketing Situation 1) Marketing Description a) Segmentation According to investopedia.com‚ market segmentation means grouping prospective buyers into segments based on the buyers needs and their responses to the market. "Market segmentation attempts to isolate the traits that distinguish a certain group of customers from t he overall market" (Kurtz‚ Principles…277). Effective market segments meet four criteria
Premium Marketing
target market‚ (c) the product class‚ (d) price and quality? What other positioning possibilities are there? a. Premium to competition b. The Best a Man can Get" - not the most appropriate or cheap at all‚ but the most value added products‚ building on the popularity of sensor. c. Differentiated on functional attributes through innovation d. Price premium at an index of 110 to 120. There are many other positioning possibilities for a Brand. Gillette can position the various products it
Premium Shaving Razor Procter & Gamble
sustainable competitive advantage 4.Situation Analysis -SWOT analysis -Industry analysis‚ trends -Competitor analysis -Company analysis -Customer analysis 5.Product-Market Focus -Marketing and product objectives -Points of difference -Positioning 6.Financial Data and Projections 7.Conclusion Executive Summary The case is about skin- tique corporation‚ the case study covers the company description an overview of what they produce there objectives and the companies core competencies
Premium Shaving Price