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Revlon
Essay specific features


Written by:
Kevin R
Date added:
August 27, 2015
Level:
University
Grade:
A
No of pages / words:
2 / 312
Was viewed:
7147 times
Essay content:
What role does innovation play in the strategic planning of Revlon? Which specific type of innovation might Revlon use?
Innovations- create new product or new image for company
o Hair coloring- use mostly by teenagers and adults
4. What is the role “ branding” should play in future growth strategies of Revlon?
• Timeless, Unique and distinct from others...
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How will competitive reactions impact Revlon’s future plans?
o Change in Company’s management & decisions (ex. Acquisitions) – make the public or other stakeholders worry
o If public is not satisfied with the outcome- can create a big impact on the succeeding years
6. What is the impact of social trends and economic trends on companies in the cosmetic/skin industry?
economic trends:
• Recessions/ depression
o decreased sales of the Company’s products ;
o adverse changes in currency
o product discontinuances
o higher than expected advertising and promotion expenses
• Prosperity/stable
o Use alternative strategies to gain competitive advantage
o recruit and retain skilled people
• Social Trends
o Ethnic groups / foreigners
o Whether or not they will use the product
o Whether or not it fits their taste/ preferences
o Depends on age and skin color
7...
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