Marketing Report Mattel
Essay by umarsheen • May 22, 2019 • Case Study • 8,254 Words (34 Pages) • 790 Views
[pic 2]
Catalina Cebotari 582652 Yassir Chouaref 574545 Quyen Ngo 575446 Anh Pham 575746 Chairul Umar Sin 583876 Version 1 20/ 10/ 2017 |
[pic 3]
Table of content
I. Introduction 2
1. Company overview 2
2. Mission and goals 2
3. Product lines 2
II. External analysis 3
1. D.E.S.T.E.P analysis 3
2. Trend-analysis 7
III. Internal analysis 9
1. Product portfolio 9
2. 7s Model 10
3. S.W.O.T analysis 11
4. Business Strategy 13
IV. Customer needs and wants 13
V. International selection and market entry choice 15
1. International market selection 15
2. Market entry modes 16
VI. Choice of product adaption 17
1. Ansoff matrix 17
2. Three level of the product 17
3. Product Adaption 18
VII. Competitive analysis and brand positioning 19
1. Brand positioning 19
2. Competitive analysis 19
VIII. Marketing mix 21
1. Product 21
2. Price 22
3. Place 22
4. Promotion 22
IX. Conclusion and recommendation 23
1. Conclusion 23
2. Recommendation 23
X. Reference 24
Introduction
Company overview
More than 70 years ago, an idea came from in the modest southern California garage workshop of Elliot and Ruth Handler, co-founders of Mattel. Today, Mattel become the largest designer, manufacturer and marketer of both toys and family product in the world. In 1945 co-founders Harold “Matt” Matson and Elliot Handler started Mattel, Inc. Barbie, Hot Wheels, Tyco R/C, and Power Wheels are just a few of well-known brands that Mattel has made our childhood colorful. According to FORTUNE magazine Mattel, Inc named as “100 Best Companies to Work for” and “100 Best Corporate Citizens” and the “World’s Most Ethical Companies”, this reputation is something quite rare for the most corporations of this size.
Mattel is headquartered in El Segundo, California. This company employs more than 30,000 people in 43 countries and sells products in more than 150 nations all over the world.
Mission and goals
Mattel seeks to make lives of children around the world to have a meaningful difference while they are playing. The company means to create toys that can inspire and empower young minds to encourage their imagination beyond boundaries and shape a better world. While designing and engineering toys, Mattel strives to guarantee the safety of those toys for children. The company looks to reduce the environmental impact and environmental performance within the company as well as the communities.
Mattel’s mission is to act with integrity in all that they do, positively impacting their people, their products, and their planet by playing responsibly.
Product lines
[pic 4]
[pic 5]
External analysis
D.E.S.T.E.P analysis
- DEMOGRAPHIC
Middle East is made up of 17 countries located in Western Asia and extend into Africa. In 2016, there was estimated a population over 411 million and different ethnic groups, e.g. Arabs, Egyptians, Jews, etc. The most populated countries from the Middle East are Iran and Turkey (World population review, 2017)
- Iran: 81,824,270[pic 6]
- Turkey: 79,414,269
- Iraq: 37,056,169
- Saudi Arabia: 27,752,31
- Yemen: 26,737,317
At the opposite side, the least populated countries are Bahrain and Qatar. (World population review, 2017)
...
...