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Copy of Copy of Mary Kay in India
Transcript of Copy of Copy of Mary Kay in India
Table of Contents
Founded in Dallas, Texas (1963)
Headquarters: Addison, Texas
Located in 35 countries in 5 continents.
Key people: Mary Kay Ash, Founder, David Holl, CEO
Net sales of USD 2.9 billion
Richard R. Rogers 1963, Executive Chairman
Employees, Staff - more than 2.5 million independent beauty consultants.
Over 200 products.
Manufacturing plants in Dallas, Texas and Hangzhou, China
What did we cover?
Successful worldwide, but failed in India.
It is still suspicious - "pyramid scheme".
1. Understanding the political environment of India before entering India market.
2. Adapt to the India economy and localize some products.
3. Localized manufacturing.
Established brand image
Strong financial position
Strong international presence
Superior sales training
Strong buyback system.
No manufacturing plants in India
Slow growth in revenues
Sales consultants don't have access to product in bulk
Volatility of direct sales
Weak control over sales consultants
Poor logistics and distribution channels
Higher demand for cosmetics
Demand for products that enhance self-esteem.
Competition (other brands)
Demand for substitute products (herbal and ayurvedic)
Changing regulatory environment
Trusted global name
Skin care, makeup, body care, perfume
Latest beauty advice
Unparalleled business opportunity
Social media: Facebook, Twitter,
Anyone can sell and buy products
Word of mouth
- (incentive for top salespeople)
Age demographic 16-60
Good price for good value
Affordable for teenagers and
Ranges from $7 – 50
Discounts on older collections
Reasonable price for products
1. What information should be included in a written positioning statement for Mary Kay?
Men and women
Average middle-class consumers between 25 – 54
Beauty products: Skincare and color cosmetics
Grooming products: Spa and body fragrance
High quality and high-value products
Increase in self-confidence
Good quality product at low price
2. How would you draft a formal, written position statement for Mary Kay using the information detailed in question 1?
“Affordable, high quality, beauty and grooming products for men and women”
3. Is Mary Kay a global brand? Why or Why not?
Productions are manufactured in different countries
Dallas and Texas, USA/ Hangzhou, China
The products are sold in many countries around the world
35 countries in 5 continents around the world
One single strategy is used worldwide
20 million dollars invested between 2007 to 2012
Shut down operations due to regulatory environment.
Ban on Multi-level Marketing
Led to poor performance
Indian cosmetic industry was growing at 20% per year.
International Vs domestic
274 billion dollar market vs 4.6 billion dollar market in India
170 billion dollars revenue vs 1.2 billion dollars in India
International brands only capture 20% of the Indian market
Low penetration levels due to comparatively higher prices
Est 10 million women buy international brands
Economical affordable prices compared to international brands ($3-8 vs $15-25)
More targeted for the indian market
Mary Kay Ash
"Do on to others as you would have them do on to you."
"God first, family second, and career third."
Named one of America's 25 most influential women.
Growth opportunities in Asia pacific Market
Australia, China, Hong Kong, Korea, India, Malaysia, New Zealand, Philippines, Singapore
China represents 25% of company sales (200,000 sales reps.)
Whitening skin care products (skin cream, anti-aging)
Mary Kay, India
Three reasons for entering India
Upper-class was growing.
Growing number working women.
India's social economic characteristics similar to China.
Mary Kay culture was a good fit for India culture.
Build brand, effective supply chain, sales-force.
At 2007 invested 20 million for the next 5 years.