Product cheaply Essay Example
Product cheaply Essay Example

Product cheaply Essay Example

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  • Pages: 3 (574 words)
  • Published: November 10, 2018
  • Type: Paper
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The new advertising campaign at Avon features actress Salma Hayek promoting the company's new colour and fragrance releases. Both print and TV ads featuring Ms. Hayek will be released later this year.

Avon has recently announced four new marketing groupings with the aim of expanding its business as a lifestyle brand. These collaborations include Loews Cineplex Entertainment, Nextel Communications, New Line Cinema, and MTV. The company plans to feature their products in brochures, public relations, and online platforms. Avon's new product line named "Mark" is designed to empower young women in the world, and can be purchased and sold.

Avon Products' Human Resources department is dedicated to recruiting and retaining exceptional individuals to join their team, as they anticipate a highly informed consumer market for both buyers and sellers. To maintain a competitive advantage, Avon provides superior training and development opportunities for all ass

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ociates. The company offers various human resources positions, including Recruiting, Organizational Development, and Employee Relations.

Avon's Research and Development department is essential in enhancing the company's global brand power, which is why there will be a 15% expansion of this department in the current year. Back in 1999, Avon unveiled innovative brands that distinguished themselves from conventional products. The purpose of the Research and Development team is to provide Avon with an edge over its competitors by being the first to introduce superior quality products that cater to customers' needs and offer exceptional performance benefits. Avon strives for scientific excellence when it comes to accessing, developing, and influencing technological trends and opportunities that align with marketing strategies. Additionally, the production team guarantees delivering top-notch products and services without any defects on time while keepin

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costs as low as possible while complying with the company's operations mission.

Avon maintains high production standards that facilitate customer growth and the introduction of innovative products. The finance department played a significant role in breaking Avon's revenue mark of $5 billion in 1997, securing the company's position as the top direct selling enterprise worldwide. Avon continues to expand its annual revenue by $1 billion every three years, with its employee workforce impacting investments, operational strategies, and new business opportunities. Monthly budgeting by the finance department determines the amount of expenditure that each department can allocate towards their works.

Afterwards, the money is divided among the different departments, such as Financial Analysis, Product Cost and Inventory Accounting, Planning, and General Accounting in the finance department. The cooperation between these areas is crucial since they all require accurate financing. Avon's functional areas play a vital role in accomplishing the company's goals and objectives.

The objective of Avon is to become the preferred option for women when making purchases, through its marketing and research ; development departments that offer a variety of brands and channels, and by promoting lasting customer relationships. The company aims to achieve this objective by introducing new brands and advertising campaigns. The goal of becoming the global beauty leader is shared by all departments; therefore, they all strive to increase the quality, innovation, and value to surpass their competitors. In order to become the best place to work, Avon's human resources team establishes high standards for employees.

'To achieve the goal of being the top direct seller, the marketing, production, and research and development teams must collaborate. Effective promotion is necessary to establish as a direct

seller. Additionally, continuous innovation is important to retain customers by introducing new products and ideas.'

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