Concept explainers
Case summary:
Person MP longed to pursue a career in arts. Her father left her when she was 19. She stated schooling in College R of arts and design. She managed to pay her first-year fee by working part-time. However, she could not able to pay her second-year fee. Hence, she discontinued the schooling and looking for a job. She started making videos on Website Y about makeup tutorials and she started a blog about her life.
Within four years, she becomes a brand in Website Y. Company G offered $1 million to create 20 hours of content. In 2014, College R of arts and design awarded her an honorary doctorate. Later, she created her own beauty brand EC when she partnered with Company L of Country U. By 2016, Person MP’s channel in Website Y had more than 8 million followers.
To determine: The forces of the external environment, which created challenges and opportunity for Person MP.
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
- How can marketing organizations effectively adapt their strategies and tactics to reach and engage Generation Z consumers?arrow_forwardCan businesses still use concept of Customer Value despite of this pandemic situation? Explainarrow_forwardHow might marketers make the most of shifts in the social–cultural environment?arrow_forward
- Think Critically Is there a difference between sports, entertainment, and shopping? Has the line between the three been blurred? Explain.arrow_forwardHow would you explain the growing use of skincare products, designed for older age segments, among young consumers? What do you think is the most influential driver of this consumption behavior? What should retailers do in response to such developments, if anything? Should their goal be to sell to new customer segments, protect the enjoyable shopping experience of existing customers, or something else?arrow_forwardWhat are the three levels of a pair of True Religion brand jeans? explain the actual, core and augmented products for this productarrow_forward
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON