Loreals diesel which is a global luxury product


L'Oreal's DIESEL, which is a global, luxury product manufacturer (Fuel for Life, etc.) decided to develop a new product line.  DIESEL wants to offer to the market, for the first time ever, a MEN's product line (fragrance excluded, because it already has "Fuel For Life - masculine").

Your task is to search the environment, especially competition and come up with a product line idea.  You must also investigate the company to ensure full understanding of its strategic goal and objectives, so that the new product will be within the general framework of DIESEL's target market.

You must conduct marketing research (secondary data) and based on the findings decide on the target group on which the new product line will focus.

Having done this, your task is to come up with a good marketing mix for the product line.  The mix must include:

One (1) men's products
Brand name
Packaging
Size of products
Indicative price
Distribution channels, and
Promotion

All the above will be presented in a report.  The report must include short explanations of the theories used and justification for the marketing mix you will adopt.

Please visit also the following website:https://www.loreal.com/_en/_ww/index.aspx?

NOTE:  Further questions and queries will be answered in class

Indicative allocation of marks:
Presentation and structure of the report:       10%
Environmental analysis                              : 15%
Marketing mix decisions action                   : 75%

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Marketing Management: Loreals diesel which is a global luxury product
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Anonymous user

2/9/2016 6:19:18 AM

The task is related to conducting the marketing research. In this, you have to search the environment, particularly competition and come up by a product line idea. You should as well investigate the company to make sure full understanding of its strategic goal and aims, in such a way that the new product will be in the general framework of DIESEL's target market. You have to conduct marketing research (secondary data) and based on the findings decide on the target group on which the latest product line will focus. Having done this, your assignment is to come up by a good marketing mix for the product line. The mix should comprise: • One men's products • Brand name • Packaging • Size of products • Indicative price • Distribution channels, and • Promotion