Strategic Product Positioning for Clean Edge Razor Launch
Paramount Health and Beauty Company is set to launch Clean Edge, a technologically advanced vibrating razor offering superior performance. Product manager Jackson Randall faces the dilemma of choosing between niche or mainstream positioning. The decision involves considerations like cannibalization, market entry strategy, branding, budget allocation, and financial analysis. The suggested approach includes SWOT analysis, market segmentation, competitor analysis, and strategic evaluations. Tools like SWOT, BCG Matrix, and financial modeling aid in making an informed decision.
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Presentation Transcript
Clean Edge Razor Splitting Hairs in Product Positioning Mahesh Amarasiri, MBA,FCMA,ACIM,B.Sc( Eng)
Abstract After three years of development, Paramount Health and Beauty Company is preparing to launch a new technologically advanced vibrating razor called Clean Edge. The innovative new design of Clean Edge provides superior performance by stimulating the hair follicles to lift the hair from the skin, allowing for a closer shave. The company has already decided to introduce Clean Edge into the men's market where it has a strong presence. Jackson Randall, the product manager for Clean Edge, struggles with how best to position the product for the launch.
Options in Hand One strategy is to release Clean Edge as a "niche" product, targeting the high- end market of fastidious groomers looking for superior skin care products. Another strategy is to release the product into the highly competitive mainstream razor market where the product can be positioned as the most effective razor available. Randall meets internal resistance to the mainstream strategy from the product manager for the company's current, but aging, mainstream razor products and he must consider the effects of cannibalization in his plan. Randall must recommend an optimal strategy and provide supporting economic analysis of his decision--not just for Clean Edge, but for its effect on the entire company.
Problem in Hand Positioning of Razor Edge Market Entry Strategy Brand Name Marketing Budget Financial Analysis of Options
Suggested Approach Overview SWOT Market Analysis Market Segments Consumer behavior Competitor Analysis Positioning Price Mapping Strategic/ Financial Evaluations of the Options Mainstream Positioning Niche Positioning
Suggested Approach Conclusion Positioning Strategy Branding Budget Allocation Financial analysis of different options Need to justify with financial/non-financial considerations
Strategic Tools SWOT BCG Matrix Market Segmentation Price Mapping Financial Modeling/Scenario Analysis
