Research on the Development Strategy of China’s Domestic Beauty Brands in Transnational Markets

-- Mao Geping as an Example

Authors

  • Qifei Liu

DOI:

https://doi.org/10.54097/hbem.v4i.3373

Keywords:

China, Domestic Beauty Brands, Transnational Markets, Development strategy, Mao Geping

Abstract

This article outlines that with the development of economic globalization, domestic beauty products have emerged one after another. However, with the late start of domestic beauty makeup and a weak foundation, how should Chinese makeup brands develop in the international market? Taking the old makeup brand Mao Geping as an example, it combines case analysis and literature research methods. After examining the sales, market, and brand status of domestic makeup, it summarizes the reasons for the rise of domestic makeup and the future development trend. At the same time, problems such as the limitations of brand products, the asymmetry between price and R&D, the incompatibility between marketing strategies and the trend of the times, and the mismatch between promotion methods and the market were also found. And formulate solutions in line with the current era and brand background. This article also hopes to inspire and help the future development of domestic makeup.

Downloads

Download data is not yet available.

References

Keegan, W. J. (1999). Global Marketing Management. USA: Prentice Hall. 170 M. Theodosiou, L.C. Leonidou / International Business Review 12 (2003) 141–171,2022.8.14.

Craig, S. C., & Douglas, S. P. (1996). Developing strategies for global markets: an evolutionary perspective. Columbia Journal of World Business, 31, 70–81.2022.8.14.

Levitt, T. (1983). The globalization of markets. Harvard Business Review, 61, 92–102.2022.8.14.

Terpstra, V., & Sarathy, R. (2000). International marketing. The Dryden Press, 2022.8.14.

Boddewyn, J. J., Soehl, R., & Picard, J. (1986). Standardization in international marketing: is Ted Levitt in fact right? Business Horizons, 29, 69–75.2022.8.14.

Chong, K. W. (2003). The Role of Pricing in Relationship Marketing - A Study of the Singapore Heavy Equipment Spare Parts Industry, PhD Dissertation, International Graduate School of Management, University of South Australia.2022.8.14.

Bennett, A. R. (1997). The Five Vs - A Buyer’s Perspective of the Marketing Mix. Marketing Intelligence & Planning, 15(3), 151-156.

Palmer, A. (2004). Introduction to Marketing - Theory and Practice, UK: Oxford University Press, 2022.8.14.

Hodder Education (n.d). Introduction to the Marketing Mix - Pricing. [Online] Available: http://www.hoddersamplepages.co.uk/pdfs/cceabus6.pdf. 2022.8.14.

Möller, K. (2006). The Marketing Mix Revisited: Towards the 21st Century Marketing by E. Constantinides. Journal of Marketing Management, 22(3), 439-450.2022.8.14

Grönroos, C. (1994). From Marketing Mix to Relationship Marketing: Towards A Paradigm Shift in Marketing. Management Decision, 32(2), 4-20.2022.8.14

Low, S. P. & Tan, M. C. S. (1995). A Convergence of Western Marketing Mix Concepts and Oriental Strategic Thinking. Marketing Intelligence & Planning, 13(2), 36-46.2022.8.14

Yin, R.K.; Translated by Zhou Haitao, Li Yongxian, Zhang Heng. Case Study: Design and Method 3rd Edition, Chongqing University Press, pp3, 2004. 11, 2022.8.14

Ying Lin, Talk about literature research and literature research methods., Young Pioneers study, 2015, vol.2015, no.1, pp.22-23, 2022.8.14

Ou Rong, China’s cosmetics market size and growth rate, Essence Securities Research Center, 2022.8.14

Ou Rong, Facial products maintained a high growth rate from 2011 to 2019, with prominent eyes in 2020, Essence Securities Research Center, 2022.8.14

Ou Rong, compared with other countries, China’s per capita consumption of makeup still has a lot of room for improvement, Essence Securities Research Center, 2022.8.14.

Official website of Maogoping, The Story of Brands, 2022.8.12, https: // www.maogepingbeauty.com / world-story.html, 2022.8.14.

Baidu, Maogoping Encyclopedia, 2022.8.12, https://mbd.baidu.com/ma/s/MZv3ia22, 2022.8.14.

Big spending, Mao Geping may have substantially given up listing: product quality is in doubt, and R&D investment is low for many years, Harbor Business Watch, 2022, 2022.8.12 https://ml.mbd.baidu.com/r/KTw2Rh04oM?f=cp&rs=234002299&ruk=S0NYkbdy2b10RqJ19I2HJg&u=87cd8fc9c410f741&urlext=%7B%22cuid%22%3A%22_u2M8gaXHal1uSuKgavT8gitv8_b828ygPSpajaI2agHP2iC0u2FiltsSa08fWPWzM0mA%22%7D, 2022.8.14.

Downloads

Published

12-12-2022

How to Cite

Liu, Q. (2022). Research on the Development Strategy of China’s Domestic Beauty Brands in Transnational Markets: -- Mao Geping as an Example. Highlights in Business, Economics and Management, 4, 49-55. https://doi.org/10.54097/hbem.v4i.3373