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Explore the core differences between different groupings of companies within the makeup cosmetic industry in Canda and USA that can impact profitability and success by
Explore the core differences between different groupings of companies within the makeup cosmetic industry in Canda and USA that can impact profitability and success by completing the following analysis:
Strategic Group Analysis.
- Develop a strategic group map for the makeup cosmetic industry in Canda and USA, plotting the relative positions of a minimum of five companies in your industry, including both major players and small players.
- Use a star to denote the various companies with the size of the star indicating "relative" market share (big, medium, or small) and circle the different strategic groups.
- Because there are many possibilities for the axes of the map, try to identify axes that result in clear distinctions between groups.
- Suggestions for axes include: geographic distribution, price/quality/value, product range, or categories of target customers.
- Discuss potential differences in competitive forces and profitability within and between the various strategic groups, as well as mobility barriers that might exist.
- Include a Strategic Group Map diagram
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