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Mary Kay Strategic Analysis

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Submitted By victory0965
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The following report will assess the Mary Kay Company and their ability to sustain growth with its current strategy and existing market conditions and explain how these strategies have contributed to the success of the company.
Mary Kay is a privately held, multi-billion dollar company specializing in the direct sale of skin care and color cosmetics. Founded in 1963, with an investment of only $5000, this company has steadily evolved into a major competitive force in today’s cosmetic industry. Mary Kay’s mission is “To achieve preeminence in the manufacturing and marketing of personal care products by providing personalized service, value and convenience to Mary Kay customers through our independent sales force (Mary Kay, 2013). With a vision to “Enrich the lives of women,” the company’s goals and objectives work hand in hand to provide a high quality beauty care product and reliable service to their customers while providing women, specifically the Mary Kay Beauty Consultant, with an unlimited opportunity for personal and financial success.
Mary Kay as a great many strengths they have built upon over their 50 years in business. Mary Kay has a strong market position with significant global presence, serving a wide range of customers across many countries. Mary Kay products are sold in more than 36 markets worldwide, and the Company’s global independent sales force exceeds 2.4 million employees. Since 1990, Mary Kay, Inc. has experienced significant growth, opening in more than 20 new markets around the world, including Argentina, Australia, Brazil, Canada, China, Germany, Hong Kong, Mexico, Portugal, Spain, the UK, and the US. The company has also expanded its manufacturing to a facility in China that serves the company’s subsidiaries in the Asia Pacific Rim.
With a diversified portfolio of over 200 products and 5 different product lines, this company is

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