theories as you can to explain why the reward system adopted by Mary Kay works in China? a) Contingency Theory – Path Goal Theory or Goal Setting Theory Path Goal Theory is a contingency approach to leadership which under Mary Kay’s responsibility is to increase subordinates’ motivation by clarifying the behaviours necessary for task accomplishment and rewards. Under Path Goal Theory it must be formed by tangible award. Mary Kay increases her follower motivation by either (i) clarifying the
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potential. Leadership among our sales force and employees must be encouraged and recognized in order to achieve long-term success. Teamwork allows each person to be valued and appreciated by others while contributing to the Company’s success. Balancing our lives with God‚ family and career in harmony will lead to happy‚ fulfilled lives. Company History: One of the largest cosmetics companies in the United States‚ Mary Kay‚ Inc. specializes in the manufacture and direct sale of more than 200 products
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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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1.Why has MKC not been as successful as Avon in penetrating international markets? There are a number of good reasons that explain why Mary Kay Cosmetics (MKC) had not been able to penetrate the international markets as well as Avon did. The head of MKC’s Curran Dandurand identified a number of reasons for this phenomenon‚ according to this case study. Dandurand’s analysis concluded that mainly MKC’s limited international success was due the following reasons. Marking strategy- MKC made a very
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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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are financially rewarded only if they increase sales and recruiting. The strong link between performance and outcomes (strong P-to-O instrumentality in Expectancy 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
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P29 Q1 1. The marketing channel for Mary Kay cosmetics is called a direct selling channel. The company user a sales force of over 1000000 Independent Beauty Consultants around the world. These consultants are not employees of Mary Kay Corporation; they buy cosmetics from the company at a wholesale price and sell to end-users at a retail price. They maintain personal relationships with their end-user consumers and deliver product to them after it is ordered; it is a high-service purchasing relationship
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Mary Kay Cosmetics: Sales Force Incentives Case Analysis Mary Kay Cosmetics is a company known for providing women with exceptional opportunities for professional achievement and economic success and rewarding women for their success. Mary Kay Cosmetics uses several programs to motivate‚ recognize‚ and develop its beauty consultants‚ which include recognition in a monthly magazine‚ annual events‚ gifts and prizes and most importantly‚ financial incentives. At the heart of the financial incentives
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internationalize Mary Kay Ash founded Mary Kay Cosmetics in 1963 with her life savings of 5‚000 and the support of her 20-year-old son‚ Richard Rogers‚ who currently serves as execu tive chairman of Mary Kay‚ Inc. Mary Kay‚ Inc.‚ is one of the largest direct sellers of skin care and color cosmetics in the world. Now womens cosmetics industry is in a period of growing‚ because now women around the world for their skin care and more attention‚ for the appearance of consumption is increasing. And Mary Kay Inc.
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MARY KAY Introduction: Mary Kay is one of the largest cosmetic companies in the United States. Mary Kay Ash started her dream in 1963 when she first opened the doors to the very first Beauty by Mary Kay in Dallas‚ TX (Mary Kay‚ Inc.) It all began after she spent 25 years in direct selling for Stanley products. After a successful career with Stanley products‚ she started writing a book about direct sales‚ but it became a book about managing people. She started thinking about what a “dream company”
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