4. Pest Analysis
Political Economic
Government is based on democracy and stable at
present.
Freedom of press, rule of law and levels of bureaucracy
and
corruption are now in moderate level to operate
business.
Social and employment legislation is very good.
Tax policy, and trade and tariff controls are in favor of
doing business in the selected industry.
Environmental and consumer-protection legislation are
not in good perception.
Current and project economic growth, inflation and
interest rates are very good in Bangladesh for doing
business.
Unemployment is quite high and labor supply can be
extensive for such manufacturing plant.
Labor costs are lower than of other countries.
Levels of disposable income and income distribution are
now increasing.
Impact of globalization can be a prime factor here.
Impact of technological or other changes on the
economy is beneficial at present.
Economic environment is booming.
5. Socio-cultural Technological
Population growth rate is now stable.
Population health, education and social mobility, and
attitudes to
these are positive.
Population employment patterns, job market freedom
and attitudes
to work are favorable for doing business.
Press attitudes, public opinion, social attitudes are in
favor now a days.
Lifestyle choices and attitudes to these are in positive
sign.
Socio-Cultural changes create vast impact on business
environment.
Impact of emerging technologies is very effective.
Impact of Internet, reduction in communications costs
and
increased remote working make the business more
favorable.
Research and Development activity are now
Technology can be transferable.
Pest Analysis
6. SWOT Analysis
SWOT matrix Competitive advantage Institutional advantage
Internal Factors Strengths:
Mid ranged competitive pricing
Positive balance between image and affordability to ensure its
leading position in terms of value for money in the low
segment.
It is with natural ingredients is safe to use.
Significant presence with technological advancement.
Dedicated research and development team which work
towards product development.
Strong brand presence by promotion and distribution media.
Opportunities:
Expansion in Bangladesh as well as global market.
To bring out product for economy class.
Technological advancement has more opportunities in near
future for product development.
Weaknesses:
Brand present in rural market but
little bit expensive for them.
Little gap between fulfilling the
demand and supply.
Threats
Popularity of other brands in the
same market.
High consumer brand switching for
the FMCG products.
Emerging local market in terms of
technological advancement.
External Factors
14. Segmentation
Behavioral
• Consumers who spend a notable amount of time outdoors (exposed to sun).
• Consumers who do not have much time to go to beauty salon.
• Consumers who have skin issues.
• Consumers who are beauty and health conscious.
15. Target Market
Age Location Status Earning Group
13 to below 40 Dhaka &
Chittagong
Upper, Upper middle,
Middle class
Moderate to High
income group
17. Positioning Strategy
Utilities
• Removes toxins and impurities from skin
• Reduce the instances of acne
• No harmful chemicals
• Improves skin condition
• Fast results
• Organic ingredients
18. Positioning Strategy
Benefits
• Beautiful skin
• Balances the PH level of skin
• Brings back youthful glow
• Good for face and whole body
• Does not easily dissolve due to firmness
• Lasts a long time