Competitive advantage of M.A.C. Cosmetics’
A competitive advantage is a set of
unique features of a company and its products that are perceived by the target
market as significant and superior to those of the competition. M.A.C. Cosmetics' objective
is to offer high quality, innovative products to meet the needs of all races,
ages, and gender and to become a global brand and share the philosophy of M.A.C. around
the world, by staying ahead of fashion trends and to consistently deliver trusted
creativity. Viva Glam Lipstick is a collection that raises funds
for M.A.C.'s AIDS FUND charity for men, women, and children with
HIV/AIDS. Competitive advantage would be Product and service differentiation
such as their limited edition collections and collaborations. M.A.C.
Cosmetics has several collections for its product line, with intriguing
names usually for a limited time only: OFFICE HOURS is a collection which
features M.A.C. Pro Long wear formulas, with the notion of staying
glamorous when working full time, and over time without the makeup fading. STYLE
SEEKERS is a fall collection with vivid color influenced by the spirit and
style of a global wanderer. The collection features four different shades of
eye shadow, lipstick, blush and nail lacquer HAUTE AND NAUGHTY TOO BLACK LASH
is a legendary mascara that comes in an intense shade of black, it can be
defined naturally or full of drama. These are a few of the new collections
from M.A.C. displayed on their website and in stores.
Almost monthly M.A.C comes out with a
limited edition line that makes all makeup fans crazy. They're known for their
iconic collaborations. Their collaborations range from Disney with "venous
villains, to DC comics with” MAC wonder woman" We can't forget Sanrios
"Barbie loves MAC” collaboration. But the latest “Rih RIh WOO"
collaboration with singer Rihanna that launched in summer 2013, has made the
latest and hugest impact. The launch sold out in the first three hours! These
collaborations are what makes M.A.C different. They continue to prove that
there can always be more color in the world and more innovative products. They
always eave customers wanting more.
M.A.C. differentiates its makeup
from its competitors Clinique, L'Oreal, etc. by offering large selections in
color and texture, artistry professional quality products like brushes, hold,
and final look. The company's target market primarily consists of consumers
within 18-30 age category. Usually outgoing, confident, media savvy, fashion
lovers that are seeking a unique look without compromising the latest fashion
trends. M.A.C. products have simple packaging made of plastic or glass
with the company name on it. The products have straight forward names and trend
setting colors which depict eye catching, chic, stylish, and high profile
makeup. M.A.C. Cosmetics have minimal locations with displays of all
the products (open tester units) available for use by customers with the help
of professional makeup artists. Products can also be found online with detailed
descriptions on each item and tutorials on how to use them. The brand commands
premium prices because of good quality products and innovation based on customer’s
desire. M.A.C. is a testimonial brand of cosmetics relying solely on
word of mouth advertisements via fashion shows implications, celebrities and
customers. M.A.C.'s Viva Glam lipstick is the only advertised
product, usually a high profile event involving A-listers. Due to these
reasons, M.A.C. cosmetics’ has been successful in sustaining a strong position
in the cosmetics’ industry.
Reference:
http://eatinglipsticks.blogspot.com/2013/09/strategic-planning-for-competitive.html
http://makeupartcosmeticsinc.blogspot.com/2012/09/chapter-2-strategic-planning-for.html
MAC is my all time favourite cosmetic brand. It has the best lipstick collection and for me no other company can ever take over the market share that MAC has. They have the best range of cosmetic collections and they never fail to amaze the consumers.
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ReplyDeletelove love loveeeeeeeeee MAC> it has all the perfect colors and other competitors and new comers r always trying to dupe MAC colors... it gives a wonderful feeling wearing MAC always, u r right.
ReplyDeleteMAC is a wonderful brand! they have created an excellent image in the customer's mind.
ReplyDeleteyour writing is quite informative! but you could have used some spaces and images to make it look more interesting! :)
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