Memo To: From: Group: Date: Re: Renzo Rosso Last name, First name (for individual submissions only) Group name (for group submissions only) Date StyleLab Action Plan Word count: 600 max Executive Summary StyleLab is key opportunity for Diesel because explain why StyleLab is an oppotunity for Diesel. To take advantage of this opportunity the company should briefly outline the essence of the proposed action. Situation Overview StyleLab is key opportunity for Diesel because explain in greater detail why StyleLab is an oppotunity for Diesel. Action Overview To take advantage of this opportunity Diesel should implement the following action plan. Goal: StyleLab’s main objective should be outline the main objective for StyleLab [(1) grow revenues by tapping into the upper casual wear segment; (2) help keep Diesel at the forefront of fashion; (3) provide designers with an outlet for experimentation] Strategy: Outline the key aspects of StyleLab's strategy (e.g., target customers, competitors, and value proposition). Outline the rationale for your decision; identify and address its potential drawbacks. Tactics: The brand architecture of the new product line should be as follows: Describe the relationship between Diesel and StyleLab [(1) name both lines "Diesel" with a product descriptor (e.g., "Diesel's laboratory of style"); (2) Diesel as co-driver (e.g., "DieselStyleLab"); (3) Strong endorsement (e.g., "StyleLab from Diesel"); (4) Weak endoresement (e.g., "StyleLab, Inspired by Diesel"); (5) Acknowledged ownership (e.g., "If asked: StyleLab is part of the Diesel Family"); (6) Independence (e.g., "If asked: StyleLab is not part of Diesel")] Outline the rationale for your decision; identify and address its potential drawbacks. Criteria for Success: The success of the StyleLab should be measured based on Identify the criterion for success. [(1) StyleLab's sales revenues; (2) StyleLab's brand equity; (3) Diesel's sales; (4) Diesel's brand equity]. Outline the rationale for your decision; identify and address its potential drawbacks. Conclusion The above analysis reflects our strong belief that the proposed course of action is the best approach to take advantage of the identified opportunity to ensure the company’s long-term success. Exhibits The above analysis is supported by the attached exhibit(s) as follows: Exhibit 1: …….. Exhibit 2: …….. Exhibit 3: Miscellaneous considerations