Saturday, February 22, 2020

Johnson and Johnson Sun Care Product Competitor and Consumer Analysis Essay

Johnson and Johnson Sun Care Product Competitor and Consumer Analysis - Essay Example The long term success of the company in the marketplace is predicated upon its ability to react to, anticipate, and even create needs. Johnson & Johnson is a large corporation with 16.929 Billion of operating income. Total assets of the company are about 84.912 Billion and net income is 12.949 Billion (2008). Johnson & Johnson specializes in pharmaceutical products, medical devices, healthcare products, soaps, shampoos, toiletries, etc. Still, sun care, skin care, health and beauty products, OTC and drug products occupy a large market share. The famous brands of Johnson & Johnson are Johnson's Baby, Coach, Gynol, REACH, etc (Johnson & Johnson Annual Report 6). The company was founded in 1886 as a manufacture of ready-to-use surgical dressings. Robert Wood Johnson was the first president of Johnson & Johnson. The uniqueness of this company is diversification. The first consumer goods were manufactured in 1920s, toiletries were added in 1970s, and at the end of the 21st century the company developed a new division for medical and biopharmaceutical products (Johnson & Johnson Home Page). For Johnson & Johnson, the mingling of value construction and communication that occurs in businesses in which the customer enters the system is worth striving toward in manufacturing firms as well (Burke 3). In Johnson & Johnson, strategic marketing is based on strategic thinking which can be seen as a unique vision of the problem. The subject of decision making raises the larger issue of the planning organization's strategic thinking; specifically, the question is about prerogative and responsibility. Although most "professionally managed" organizations now subscribe to "participatory" decision making, there is nowhere any uniform understanding of exactly what that means. According to the company's annual report, "international sales were 10.3%, 9.6% and 11.2%, respectively 10.8% over 2007 with 8.3% of this change due to operational growth"" (Johnson & Johnson Annual Report 35), The opportunities of Sun care products include high potential to growth and profitability, professional management team and unique corporate culture, customized order system and discounts. There is a great opportunities for ssupermarkets in this field, because specialized shops, throughout the world are interes ted in goods produced in the environmentally friendly manner. "The Skin Care franchise sales grew by 10.8% to $3.4 billion in 2008. The sales growth was primarily due to the AVEENO, CLEAN & CLEAR, NEUTROGENA and JOHNSON'S" (Johnson & Johnson Annual Report 35). The company's market share is about 18 %. As for sun care products, the market share is about 11% of the total US market. For sun care products, the opportunities include high potential to development and expansion, professional approach to management and wider product range. Retail service assesses the areas in which the organization can benefit the most from greater emphasis on creativity and innovation. Competitive advantage serves both as a way of identifying what creative and innovative things competitors are doing as well as finding out for each of the areas requiring imagination and innovation who is the best. "Worldwide demand for products using natural ingredients continues to drive growth for the AVEENO brand, which uses a

Thursday, February 6, 2020

NEW VENTURE CREATION -- business plan Essay Example | Topics and Well Written Essays - 2500 words

NEW VENTURE CREATION -- business plan - Essay Example ation of business ideas making an analysis of uniqueness of product, analyzing its sale growth, customer availability, and products and services availability is crucial; and this can be made possible by conducting situational analysis. This report aims to conduct feasibility analysis for a Marvelous Hair Salon and to analyze that either the concept is marketable and valid, does the idea proves the marketability and visibility, should the salon take a start, will the project be according to the budget, quality and schedule, and are the goals of the business will be attainable in creative and consistent manners (Kaiser, 2008). In order to achieve this objective, a report has been divided into five sections. The First section gives the general description of the business with its vision and mission; second section consists of the description of products and services and unique selling point. In the third section, detailed market analysis has been performed. Fourth section is based on the market plan that discuss the tactics to get the product and services to customers and to attract customers. The Fifth section is based on financial implications. Businesses can take place in the market through making alliances, joint ventures, and partnerships (Trost, 2013; Miller and Cross, 2013). Marvelous Hair Salon is a small start-up business that will be initiated by making partnership. Salon will provide all hair related treatments, and the focus of business would be particularly on hair related treatments from cutting and styling to hair transplantation. A good vision statement is written as a future state and mission statement is a guide to company (Shattock 2010; Castleberry 2010; Knapp, 2013) Provide memorable and unique experience for the mission to be constant provider of fresh ideas and styles through keeping up the salon’s partners (employees) with current trends and educating them best practices; all is to exceed the expectations by maintain the highest standards