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- Title
The Analysis of the Cosmetic Industry Based on Processes.
- Authors
Fleacă, Bogdan
- Abstract
An effective analysis of major phenomena within the global economy requires a thoroughly identification and comprehension of long-term effects such as globalization, unbalanced usage of natural resources, and the increased need for innovating and designing sustainable economic and businesses systems. The paper aims to investigate the highly dynamic industry of cosmetic and personal care products as being the sector responsible for the economic growth of European Union market. The analysis targets those processes responsible for developing the cosmetic industry and takes a process view for integrating the structure of cosmetic sector described by NACE nomenclature with the envisaged processes. The results revealed the tendency and key factors of the cosmetic and personal care industry and proposed a conceptual model describing the research and development, manufacturing and distribution processes embedded in the main hierarchical level of cosmetic products typology, based on NACE framework: sections, divisions, groups and classes.
- Subjects
COSMETICS industry; INNOVATIONS in business; ECONOMIC competition; RESEARCH &; development; GLOBALIZATION
- Publication
FAIMA Business & Management Journal, 2016, Vol 4, Issue 2, p48
- ISSN
2344-4088
- Publication type
Article