Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market Description
India has been an emerging market that is witnessing radical changes in the lifestyles and the spending patterns of customers. There has been a significant change (post-liberalization) in terms of the manner in which consumers look at their self-concept. Exposure to western ways and lifestyles through mass media, availability of discretionary income and the impact of reference group appeals are some of the important aspects that have created interest towards products and services associated with beauty care among consumers. Customers have become used to branded creams and lotions, and several of these offerings are being advertised with strong symbolic appeals associated with enhanced self-concepts. Kaya was a brand in the beauty care category. However, the brand's offerings dealt with medically anchored services intended to enhance the looks of the customers. The brand opened up a new facet of beauty care services that was associated more with up-market and state-of-the-art hospitals, where customers opted for these services under the supervision of doctors who had specialized in cosmetic surgeries/interventions. Would the differentiation between the first-time users of a beauty parlor and the loyal customers of a parlor offer insights that Kaya would find useful? Issues related to services management as well as customer value and customer loyalty were relevant to Kaya's competitive strategies. Although the customers of a beauty parlor could be demographically different from Kaya's customers, the commonality of the benefits related to the beauty services offered were the same. The case is about how a brand that had created a category would find it useful to draw insights on brand loyalty from a related category that does not compete with it directly. Such a dimension of competitive learning is perhaps unique to an emerging market such as India.
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Case Analysis of Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market is a Harvard Business (HBR) Case Study on Innovation & Entrepreneurship , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.
Case Study Solutions Background Work
Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
case study solution
is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Innovation & Entrepreneurship, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market, is to not only build a competitive position of the organization but also to sustain it over a period of time.
Strategic Management Tools Used in Case Study Solution
The Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
Texas Business School Approach to Innovation & Entrepreneurship Solutions
In the Texas Business School, Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.
We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Step 1 – Problem Identification of Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market - Harvard Business School Case Study
The first step to solve HBR Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Beauty Kaya is facing right now. Even though the problem statement is essentially – “Innovation & Entrepreneurship” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Beauty Kaya, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.
Step 2 – External Environment Analysis
Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market.
The external environment analysis of Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.
What is PESTEL Analysis? Briefly Explained
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study. PESTEL analysis of " Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?
As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market macro-environment and how it impacts the businesses of the firm.
How to do PESTEL Analysis for Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
To do comprehensive PESTEL analysis of case study – Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market , we have researched numerous components under the six factors of PESTEL analysis.
Political Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.
Policy Making Impact on Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Government policies have significant impact on the business environment of any country. The firm in “ Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.
Data safety laws – The countries in which Beauty Kaya is operating, firms are required to store customer data within the premises of the country. Beauty Kaya needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.
Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market has numerous instances where the competition regulations aspects can be scrutinized.
Import restrictions on products – Before entering the new market, Beauty Kaya in case study Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market" should look into the import restrictions that may be present in the prospective market.
Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Beauty Kaya in case study “ Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market ” should look into these export restrictions policies.
Foreign Direct Investment Policies – Government policies favors local companies over international policies, Beauty Kaya in case study “ Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.
Taxation & Regulation Impact on Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.
Tariffs – Chekout how much tariffs the firm needs to pay in the “ Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Beauty Kaya can compete against other competitors.
Government Scheme & Subsidies Impact on Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study have to assess whether their business can benefit from such government assistance and subsidies.
Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.
Political System & Stability, and its Impact on Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.
Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.
Corruption level – Beauty Kaya needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.
Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.
Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.
Economic Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Social Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Technological Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Environmental Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Legal Factors that Impact Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market
Step 3 – Industry Specific Analysis
What is Porter Five Forces Analysis
PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market case study. PESTEL analysis of " Exploring Category Benefits for Brand Building: Kaya and the Beauty Care Market" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.
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