unpakwon
Senior Member
- Joined
- Jun 7, 2007
- Member Type
- Student or Learner
- Native Language
- Korean
- Home Country
- South Korea
- Current Location
- South Korea
Please explain the following in bold in easy English.
1. Even with this research in hand, however, many in the company doubted that we should proceed to market. While generally positive, the quantitative research results were not off the charts. And the archives were filled with tales of failed "two-in-one" projects.
2. The first innovation involved focusing on the key equities of the business: Boss and Laura Biagiotti. After finding out what the consumer wanted, the team developed a clear segmentation strategy that was to not only establish the two fragrances as enduring "classics," but also provide the foundation for a stream of new items. Unlike usual industry practice, however, the team both targeted new initiatives to fill the segmentation model and build share, as well as reenergized the base business by building classics like Boss Bottled.
Thank you.
1. Even with this research in hand, however, many in the company doubted that we should proceed to market. While generally positive, the quantitative research results were not off the charts. And the archives were filled with tales of failed "two-in-one" projects.
2. The first innovation involved focusing on the key equities of the business: Boss and Laura Biagiotti. After finding out what the consumer wanted, the team developed a clear segmentation strategy that was to not only establish the two fragrances as enduring "classics," but also provide the foundation for a stream of new items. Unlike usual industry practice, however, the team both targeted new initiatives to fill the segmentation model and build share, as well as reenergized the base business by building classics like Boss Bottled.
Thank you.