burt’s bees
TRANSCRIPT
Burt’s Bees
Marketing Management 300
Fall 2009
Lyly Nguyen
About Our Company
• Originating in Maine in the 1980s
• Roxanne Quimby and Burt Shavitz's are cofounders
• First product: Candles made from beeswax
– Profit: $200 - $20,000
Milestones
• 1984 – How it all began
• 1991 – Beeswax gets a new use
• 1993-94 – Time to move on
• 1998 – Smaller sizes, bigger success
Image Source: www.BurtsBees.com
Milestones continued…
• 1999 – Worldwide expansion
• 2004 – AEA Investors invest
• 2007 – Clorox acquires Burt’s Bees
• 2009 – Celebrating 25 years
Image Source: www.BurtsBees.com
Growth Rates in the Natural Personal Care Category
Source: Harvard Business Review
0
20
40
60
80
100
120
Burts's Bees
Kiss My Face
Tom's of Maine
Avalon Natural
Nature's Gate
JASON Natural
88
59
4030
20 21
106
75
5040
35
23
2004
2005
• “I assure you that the brand and products we all know and love will not change! …In the months ahead, our actions will reflect our commitment to great natural personal care as well as bring to life our passion for people and the environment” (Replogle, 2007)
Video: Introducing line of natural acne solutions
http://multivu.prnewswire.com/mnr/burtsbees/40454/
Question One
• Customer referralsBrand
Awareness
• “ the hive”Brand Loyalty
• feel good, high quality, eco-friendly, distinctive, & innovative
Perceived Quality
• “The Greater Good”Brand
Association
• Going natural and green first Brand Assets
Define the brand equity of Burt’s Bees. How would you assess the overall brand position for the company?
Question Two
• Keeping in mind the company’s brand identity, develop a marketing strategy for the rollout of the new line of men’s shampoo and conditioner product.
– Consumer feedback to aid product development
– Emphasize efficacy, natural, socially responsible and quirky/friendly
– Target the conscientious modern man
– Target men who have no time, but still wants to use a high quality product
Wake up in the morning with an invigorating buzz…
Image Source: BurtsBees.com
Question Three
• Create a long-term marketing strategy to continue to grow the company. Specifically, outline a three-to five year strategy for new product development.
– “Our challenge is to evolve the company through a change from being an entrepreneurial company in a niche market to a category leader in a transformed market”
– Internal development– Acquisition
Questions?
Image Source: BurtsBees.com
References• Datamonitor. (2008, April) Burt’s Bees case study. Retrieved from http://0-
web.ebscohost.com.library.ggu.edu/bsi/detail?vid=3&hid=105&sid=a749afe1-6b67-4879-b11c-ec9408cdfc54%40sessionmgr110&bdata=JnNpdGU9YnNpLWxpdmU%3d#db=bth&AN=36349353
• Story, L. (2008). Can Burt’s bees turn clorox green. The New York Times, Retrieved from
http://www.nytimes.com/2008/01/06/business/06bees.html
• Quimby, R. (2009). The Burt's Bees Story. Retrieved from
http://www.burtsbees.com/c/story/history/burt-s-story.html
• Wathieu, L. and Winig, L.. (2007) Burt’s Bees: Leaving the Hive. Harvard Business Review.
• (2009, July). Burt's bees. Retrieved from
http://en.wikipedia.org/wiki/Burt%27s_Bees
• Video: Introducing Natural Acne Solutions(TM) By Burt's Bees(R). (15 October). PR Newswire. Retrieved October 27, 2009, fromABI/INFORM Dateline. (Document ID: 1879502951).