Search icone
Search and publish your papers

Final Strategic Analysis Report BIC

Or download with : a doc exchange

About the author

Level
Advanced

About the document

Published date
Language
documents in English
Format
Word
Type
case study
Pages
39 pages
Level
Advanced
Accessed
8 times
Validated by
Committee Oboolo.com
0 Comment
Rate this document
  1. External Analysis
    1. BIC's environment: the PESTEL framework
    2. Strategic Groups and competition analysis
    3. Where does the pressure come from? Porter's Five Forces framework
    4. External Analysis Conclusion: Opportunities and Threats
  2. Internal analysis
    1. The Value Chain
    2. BCG Matrix – The market shares
    3. Resources and Competences
    4. Business level strategy
    5. Internal Analysis Conclusion: Opportunities and Threats
  3. External/Internal Conclusion: the TOWS analysis
    1. The Weakness-Opportunity recommendations are of two dimensions
    2. The Strength-Opportunity recommendations are three-fold:
    3. Strength-Threat recommendations
    4. Weakness-Threat recommendations
  4. Recommendations
    1. Identification of potential alternatives and feasibility analysis
    2. Adopted recommendations and implementation planning

BIC produces and commercializes stationery products, lighters, shavers, water sports items (BIC sports), and services with promotional items (BIC GRAPHICS). It is a multinational group established in 160 countries, with more than 8400 employees and 24 manufacturing facilities. More than 3,200,000 retail outlets offer BIC products.

BIC was founded in 1953 after Marcel BICH bought and improved a license which led to the creation of a disposable pen. From 1954 to 1957 the company entered foreign markets, primarily by creating subsidiaries and acquiring companies. BIC Italy and BIC Brazil were established in 1954 and 1956, and the company acquired England's Biro Swan Company in 1957. In 1958 BIC bought the Waterman Pen Company in Connecticut, marking BIC's first entry into North America. The company introduced its BIC pens to the US market in the following year. BIC diversified in 1971 when it bought Flaminaire, a French maker of traditional lighters.

In 1973, the company introduced its first disposable BIC lighters with the popular advertising slogan ?Flick your BIC'. Disposable razors entered BIC's product basket by its single blade razor in 1975. Fashion house Guy Laroche joined the BIC family in 1979. In 1992 the company acquired White-Out Products, a US based manufacturer of correction fluid. Marcel Bich stepped down as chairman and CEO in 1993, and was succeed by Bruno his son. BIC added the Tipp-Ex brand, Europe's leading correction fluid products, in 1997. In the same year the company also acquired Sheaffer, a worldwide manufacturer of upscale writing instruments.

[...] Strategic clock The strategic clock analysis applied to BIC's five business units BIC's three main business units (Razors, stationery and lighters) have a hybrid differentiation strategy. Their prices are low whereas their quality and perceived benefits are high. Its two subsidiary business units (BIC Graphic and BIC sport) are more based on ?differentiation'. Their prices are neither low nor high, but BIC uses their core competences to add perceived benefits to its products. BIC Lighters As mentioned in the PESTEL framework (socio-cultural and legal factors), the lighter industry is characterized by having particular safety issues and legal constraints. [...]


[...] - cost reduction - revenue enhancement Competitive advantage is created if the following criteria are met: - valuable - rare - costly to imitate The Value Chain Support activities Firm infrastructure BIC has a combination of structures that operate in tandem which take the form of: - product divisions (stationery, lighters, shavers and water sports equipment), - geographical divisions (North America, Oceania, Europe, Middle East, Asia and Latin America), - Functional structures (finance, marketing, legal, human resources and audit). The structure of the BIC Group is a matrix that aligns its three major businesses with its geographical markets. [...]


[...] Strategic Groups and competition analysis BIC has three major business units: stationary, lighters and razors. In all three of its major markets, disposable goods act as ?sub-markets' entering in competition with high quality non-disposable products. Ability to produce disposable or non-disposable products is one of the two Critical Success Factor (CSF) common to all three branches. This CSF has an evident incidence on the price of the products, but also on the distribution chain, as disposable items are sold in a higher amount and in more varied locations. [...]

Similar documents you may be interested in reading.

Financial management: BIC

 Economics & finance   |  Finance   |  Case study   |  09/29/2010   |   .pdf   |   20 pages

Brand Building and Line Management at BIC

 Business & market   |  Business strategy   |  Case study   |  01/10/2011   |   .doc   |   16 pages

Top sold for marketing

SWOT analysis of Accor group

 Business & market   |  Marketing   |  Case study   |  01/27/2011   |   .doc   |   15 pages

Marketing case: Kinder Surprise

 Business & market   |  Marketing   |  Term papers   |  05/12/2009   |   .doc   |   4 pages