I. BACKGROUND OF THE STUDY Revlon Inc. is a world leader in cosmetics. It was formed in 1932 by brothers Charles and Joseph Revson and Charles Lachmann with a $300 investment. During Revson’s time‚ a near monopoly on beauty parlor sales was developed brought about by door-to-door sales of nail polish. He expanded into the lipstick market with the slogan “Matching Lips and Fingertips”. Thus‚ after six years the small nail Enamel Company transformed into one of the most recognizable brands and
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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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CA/CWA‚ MEC/CEC‚ B.Com & B.Sc. Master Minds CASE STUDIES IN STRATEGIC MANAGEMENT May 2007 – PCC Exam DD is the India’s premier public service broadcaster with more than 1‚000 transmitters covering 90% of the country’s population across on estimated 70 million homes. It has more than 20‚000 employees managing its metro and regional channels. Recent years have seen growing competition from many private channels numbering more than 65‚ and the cable and satellite operators (C & S). The C & S network
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Q1. Expand on the rationale behind the Fiat and Chrysler strategic alliance. In December 2008 Fiat witnessed such a drop off in its demand for cars that they were forced to close for a month and lay off close to 50‚000 workers. The company indicated that amid the financial crisis it was looking for a partner who could give the company the much needed push in the North American market. Fiat learned about Chrysler’s bankruptcy problems and put an offer on the table for the purchase of Chrysler. Experts
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REVLON SITUATIONAL ANALYSIS Sarah C. Lowendick‚ Brand Specialist October 22‚ 2008 Table OF CONTENTS Revlon Vision Statement…3 Revlon Executives…3 History…4 Brand Overview…4 Target Market Approach…5 Audience Profile…5 Audience Purchasing Process…5 Competitive Analysis…6‐8 SWOT Analysis…9‐10 Barriers to Purchase…11 Marketing Objectives & Strategies…12‐13 Market Growth…14 Works Cited…15‐16 2 Vision statement
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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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Case Analysis # 2- Revlon‚ Inc. 2007 Case Analysis # 2- Revlon‚ Inc. 2007 Revlon is a universal company that sells products for skin care‚ cosmetics‚ personal care‚ fragrance and professional products. It was founded in 1932 and began in the nail polish market‚ soon after expanding into lipstick. Over the past six years‚ Revlon has consistently lost revenue and struggled with debt. Even though they have eliminated executive positions‚ reduced staffing and consolidated sales and marketing functions
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serve as a foundation for an effective strategy management process. It is important to establish a clear‚ repeated‚ and ongoing strategy management process to increase the chances of a successful business. Strategy management can be the biggest challenger for a corporation of all types. It is important to develop a management strategy but also a change in mindset once the strategies are in place. After having this implemented for a year‚ management should reevaluate to determine which strategies
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Case study discussion – Gillette loses face This is a deceptively simple-looking case. The lazy student will simply adopt the critical line on the company’s strategy being fed to him or her by Jeremy Kahn‚ the author of the article. In fact‚ things are by no means so clear-cut‚ students need to do some careful analysis‚ particularly in the area of Gillette’s corporate-level strategy‚ before this becomes plain. They have to be prepared to think hard about the success factors in the different businesses
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‘Strategic Management’ is a very complex term as many eminent researchers and scholars have had different views and conclusions on strategy. According to White (2004)‚ “Strategic Management involves both systematically developing an idea together with its implications and testing the empirical validity & usefulness of that idea against the real world.” Thus strategy is not only about planning for future but also about confirming the validity of the hypothesis considered and implementing it successfully
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