Final answer:
Sephora is part of the cosmetic and beauty industry. Its organizational vision of innovation and customer experience and its strategies have heavily influenced its customer-centric management practices. Sephora remains a major player due to aligning its management with these visions and strategies.
Step-by-step explanation:
Sephora: Industry, Products, and Management Influence
Sephora operates within the cosmetic and beauty industry, offering a wide array of products ranging from makeup, skincare, and fragrance to beauty tools and haircare. The organizational vision of Sephora has played a pivotal role in shaping its management strategies. This vision emphasizes innovation, customer experience, and an extensive product selection, which has influenced Sephora to establish itself as a leading beauty retailer with a strong presence both in physical stores and online.
Sephora's strategies include leveraging technology to enhance the shopping experience, creating an inclusive environment with a diverse product range, and employing a knowledgeable staff to offer personalized beauty advice. This approach has necesitated adaptable and customer-centric management practices within the organization. Sephora’s alignment with its vision and strategies has allowed it to remain a prominent player in the highly competitive beauty market.