"Advertising / Marketing / Sales" Essays

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Sales Marketing Publicity Research Paper

Research Paper  |  8 pages (2,496 words)
Bibliography Sources: 8

SAMPLE TEXT:

This is quite a bit different from publicity especially, but even from public relations. Public relations there is some control over the message, but the message is usually communicated through an intermediary. For example, a website might report on a public relations press release. Publicity there is very little control over the message, or the audience. Malaysian Airlines has received… [read more]


Marketing Management Discussion Question Answers Essay

Essay  |  5 pages (1,789 words)
Bibliography Sources: 8

SAMPLE TEXT:

Marketing Management

Discussion question answers of Marketing issues

Do you believe that prices should reflect the value that consumers are willing to pay or should prices primarily reflect the cost involved in making a product or service. Defend your answer?

Prices should reflect the cost of involved in making a product or service. This is due to any business that… [read more]


Integrated Marketing Communications Programs (IMC) Research Paper

Research Paper  |  4 pages (1,213 words)
Bibliography Sources: 4

SAMPLE TEXT:

Integrated marketing communication is part of a creative process, which is characterized by a communication model (Lisa, 2011).

Creative advertising ensures that consumer habits evolve. It involves testing new boundaries of communication, and this will have a positive impact on IMC. A brand is the information that consumers have emotional or imagined association. Tools used to build brands like creative advertising or presentation of goods in supermarket shelves, gives a channel in which delivering brand information is effective. Advertising should include promotional disciplines and through IMC combination, there is certainty that a good customer relationship is maintained. Similarly, message is passed effectively, sales, profit increase, and different IMC strategies are properly incorporated for excellent results.

Analysis

Advertisement is of great value when incorporated to IMC program, hence should work in combination with IMC. This is because IMC programs include a combination of certain tools, which require communication for customers to be thoroughly informed about the brand or product. The aim of IMC is customer retention, creating and maintaining good customer relationships; for this to be successful advertisement has to be incorporated (Kitchen and Schultz, 2009). Advertisements link marketers, customers and consumers and sometimes allow communication for relevant feedback from both sides. Instant feedback or direct feedback is important as it helps marketers to make appropriate adjustments according to customer feedback. It eventually ensures that the marketer's aim of making profit is achieved. Marketing helps in understanding consumer behavior hence very valuable to IMC, in achieving the target of creating good customer relationships. They will know the needs and wants of customers hence they will know what the communications program will need to change or reinforce.

Communication is the major factor in IMC and for communication to be successful advertisement and has to take place through various channels. Communication creates awareness, customer trust with certain brands hence creating good customer relationships. Marketers have branding in their unit, and it is the core of a business because branding drives everything else. Therefore, there must be a close alignment between branding units and marketing communicators for a business to be successful. The real asset of a company is not the brand but the loyalty of customers to brand. A strategic role by marketing is the impacts by specific campaigns, which change the way consumers, think about particular products and sometimes even consider the way these products or services exist (Studies, 2012).

There should be integration and creativity as it ensures coordination, which, hence ensures elements of coordination are strategic. Advertisement helps to provide shortcuts about what a brand is and demonstrates professionalism on part of brand owner. Proper marketing should be ensured to prevent wasted efforts on the MIC program.

Conclusion

Firms have a common goal of increasing sales and profit; despite these common goals, firms are often at odds. Marketing complain about poor led by sales, and in turn, sales complain about quality of leads generated by marketing hence causing these odds. These disconnections can have damaging effects, which cause delays, wasted… [read more]


Media Advertising: Posting Research Paper

Research Paper  |  3 pages (1,054 words)
Bibliography Sources: 3

SAMPLE TEXT:

00 and the $0.98 for max bid suggested by Facebook). Finally, specify the amount of time for which the ad should run.

Step 4: Ad Review

The ad, as it will appear once posted, is displayed, incorporating the information input in all the previous sections. Changes can still be made at this stage (Catholics Democrats, 2008).

Step 5: Order Placement

Facebook already has, in its possession, Sushi Fashion's credit card details; hence there is no need to provide such again when placing the order (Catholic Democrats, 2008). One may be required to wait a few hours before the ad begins running, since Facebook does "reserve the right to approve the ads" (Catholic Democrats, 2008).

The ad's performance can be checked by comparing the number of times it has run, against the number of clicks it has received through the Ads Manager application (Catholic Democrats, 2008).

Part Three

Through the Facebook page post ads advertising option, the ad, once posted on the Sushi Fashions Fan Page, will "get additional paid distribution among fans, friends of fans, or even non-fans within the sidebar or newsfeed" (Social Media Today, 2013).

Despite the wide coverage, advertising through Facebook does not lack its share of risks. The most significant ones are;

Losses -- there is a significant risk of incurring losses, especially because past campaigns have shown that the CTR (click-through rate) for Facebook ads by users is extremely low, and is not reflective of the advertising costs (VanHoose, 2011). In 2010, for instance, the ad CTR was only 0.051%, almost half the standard CTR (VanHoose, 2011).

Cybercrime -- unscrupulous imposters masquerading as Sushi Fashion officials could develop their own page in the business' name, and use it to conduct illegal or redundant activities; a factor that could impact negatively on the business' reputation and profitability (VanHoose, 2011).

Loss of privacy -- Facebook redesigns its site several times every year, and each time it does, users' privacy settings are changed to default with no notification, literally publicizing all the information regarding a user. A business requires some degree of confidentiality, which if not observed, could give away valuable information to competitors (VanHoose, 2011).

Internet advertising has significant large-scale benefits, outweighing the costs and associated risks; which is why it still remains a fundamental marketing strategy for most business units (VanHoose, 2011). First, internet marketing enables the realization of scale economies. Since people who have access to the internet are in a position to view an online ad as many times as they wish, "the expense of putting the ad in place can be divided by a large number of consumers to yield a lower" per-consumer average cost (VanHoose, 2011 p. 192).

A second advantage is that internet advertising makes it possible to customize ads and target selected groups (VanHoose, 2011). It is possible to identify a target group, their browsing patterns, as well as buying patterns using cookies and then design ads in a manner that incorporates these elements (VanHoose, 2011).

References

Catholic Democrats. (2008).… [read more]


Components of IMC Research Paper

Research Paper  |  4 pages (1,307 words)
Bibliography Sources: 4

SAMPLE TEXT:

Components of IMC

Components of an Integrated Marketing Communications Program

The breadth and depth of traditional and online marketing channels continues to proliferate. The greater the growth of these traditional and online channels, the more urgent the need to synchronize them all to a common objective corporate-wide (Caemmerer, 2009). The foundational elements of marketing including advertising, public relations, sales promotion and a myriad of other marketing activities all must integrate to a common objective to ensure consistency and focus (Kliatchko, 2005) as the characteristics, depth and extent of marketing strategies continue to become more complex and focused, the need for an integrated marketing communications (IMC) program and strategy become critical to the success of any firm. The intent of this analysis is to evaluate the components of an IMC, identify strategies that evaluate the effectiveness of an IMC, and analysis and provide recommendations on the value of each component of an IMC strategy.

Defining Integrated Marketing Campaign Components

From the most complex consumer-focused IMC strategies to those that are oriented from one business to another all share seven core components. These include the foundation or the specific definition of the product and market, including an assessment of consumer behavior and market dynamics (McArthur, Griffin, 1997). Additional components include the corporate culture, brand focus, consumer experience, communication tools, promotional tools and integration tools. Each of these seven components must be aligned across traditional or offline and digital online ones as well if an IMC strategy is going to attain tis objectives (McArthur, Griffin, 1997). Of these seven components of an IMC, the most critical is the corporate culture, as that will determine the extent to which an organization will willingly embrace change or not (Gonring, 1994). The influence of a transformational leader is critical for ensuring cultural alignment within an organization (Caemmerer, 2009). Transformational leaders have the ability to orchestrate the many aspects of an IMC strategy while also ensuring everyone responsible for its execution has a very strong sense of ownership and accountability of results (Howard, 2002) Studies of exceptional customer experiences also underscore how critical it is for a company to cultivate a strong customer-driven culture, as it serves as the foundation of successful integration of marketing strategies and tactics (McArthur, Griffin, 1997). Companies who excel at IMC strategies successfully combine foundational elements of marketing, galvanizing them with strong leadership and a culture that is strongly customer-driven. All of these factors together combine to also create a very strong brand focus, as exemplified by Disney's execution of IMC strategies and the resulting high levels of brand equity produced and maintained (Broadcasting & Cable, 2012).

Additional IMC components include communication tools, promotional tools and integration tools. Taken together these are the unifying elements of any successful IMC strategy (McArthur, Griffin, 1997). They also act to galvanize strategies across offline and online communications and marketing channels. The communications tools are the most visible component of any IMC strategy, encompassing both offline or traditional media and online media channels (Gonring, 1994). The… [read more]


Advertising and Promotion Research Paper

Research Paper  |  4 pages (1,502 words)
Bibliography Sources: 5

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Advertising & Promotion

The role of the advertising agency is an important one, because it is focused on ensuring that a company or individual is marketed correctly to the public (Altstiel & Grow, 2006). Without the right kind of marketing, any company or individual that is trying to sell a product or service could fall by the wayside. This could… [read more]


Marketing Advertising Marketing Plan

Marketing Plan  |  2 pages (955 words)
Bibliography Sources: 1+

SAMPLE TEXT:

Marketing

Advertising is part of the marketing mix that is designed to persuade a consumer to purchase something. Of course, there are many ways of doing this, and the "science" of this media has certainly evolved in the last century. Advertising is subliminal, sophisticated, pervasive, covert, overt, and a seminal part of the contemporary world. Advertising is particularly important within the market niche of fast food -- particularly when a company tries to compete with the giant mega corporations of McDonald's, Taco Bell, and Wendy's. Jack-in-the-Box, founded in 1951, has over 2,100 locations that primarily serve the western part of the United States. The e coli scare of 1993 hurt the company, which lost millions of dollars as a result. However, after the scare, the company came out with a new marketing strategy, menu add ons, and a number of safety issues designed to assure the public of the restaurant's safety (See, for example, "Jack in the box," 2009).

Jack in the box Mini Sirloin Burger Commercial -- to launch a new product, the Mini Sirloin Burger, Jack in the box turns towards a combination of humor, anachronism, and disproportion, the audience is drawn into -- "Oh my, look at that." The ad is not serious, but it is meant to be discussed, meant to be remembered. The idea that the "mini-burger" would come from a mini-cow, rustled by a mini-wrangler on a mini-horse, but still have the taste of the maxi. Thus, no difference in taste, but now on the bandwagon for the "slider." The Table below represents the analysis of the commercial from a Marketing/Advertising Perspective:

Issue

Type

Notes

Message Strategy

Combination Conative and Promotional

Certainly, designed to inspire clients to run to the nearest JIB and purchase the mini burgers. However, the message strategy supports the continual "Jack" promotions (witness end) and the notion that the little guy can be "bigger" than the big guy.

Appeals

Emotional -- How cute, repetition, and cleverness

The idea of being cute makes the consumer pay attention -- the whimsical nature makes it noticed, and discussed.

Creative Brief

Fantasy

The magical realism view involves not sex, in this case, but nostalgia -- the idea of the range, the cowboy life, and the honesty of the lone range comes through.

Leverage Point

Assumption of culture

The western is a cultural icon in American entertainment -- it brings back the idea of simplicity -- yet new taste and the idea of ensuring the JIB will do what the customer wants. In this case, the nostalgia plus the picture of juicy mini-burgers leverages the entertainment value with reality.

Executional Framework

Dramatization with use of magical realism

The audience does not expect the "miniaturization" of cows, cowboys, horses, or the ranch. It is a dramatization of the old "Spaghetti" westerns, but with a twist to remember.

Spokesperson

Jack

Jack ends the commercial…… [read more]


Sales and Marketing Research Proposal

Research Proposal  |  2 pages (700 words)
Style: APA  |  Bibliography Sources: 3

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Sales and Marketing

To the Heads of the Sales and Marketing Departments of Widgets, Inc.:

It has been observed that an unfortunate tension exists between the sales and marketing teams of our organization. On the surface, this seems difficult to understand. After all, theoretically, members of these teams should be the 'best' at communicating, of all of the organization's employees. Our jobs involve working with the public and conveying why our products are of such high quality, and are so desirable. However, there is a fundamental difference of approach between the two departments, even though we all have the same goal. By merging our strengths and overcoming our differences, the sales and marketing departments can both enrich their reputations within the company as well as corporate revenue.

Marketing people tend to be numbers-driven in terms of determining what appeals to consumers. If they notice that consumers within a certain demographic have proved to be highly responsive to an appeal to their pocketbooks in their studies of consumer psychology, then that is the approach they will focus on when designing an advertising campaign. If the target demographic for a new product is that of the coveted 18- to 34-year-old market segment, they will be determined to use the Internet as a vehicle for reaching the public, given the data they have compiled about patterns of web-surfing behavior amongst younger people. Salespeople, in contrast, tend to focus more on people on a one-on-one basis. Perhaps this is because so many individuals in the department began in the retail sales department. When appealing to people, salesmen and women tend to trust their 'gut' instinct about what worked to sell to individuals, when they were involved in selling the product on the front lines to consumers. Salespeople are inclined to trust personalized, hard-selling persuasive techniques, and rely on their emotions as to what feels right.

Marketing people are more apt focus on metrics about buying behavior, such as business school studies about how consumers move through the store and how lighting may influence buyer's purchases -- these concerns are seldom the main focus of…… [read more]


Integrated Marketing Communication Strategy Advertising PR Online Essay

Essay  |  2 pages (647 words)
Bibliography Sources: 0

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Marketing Communication

I must admit that I cannot imagine my life without the mass media. In addition to entertainment, almost everything I know about the world is the result of the mass media. The electronic media is particularly important in providing information. Through newsgroups and newsletters I can connect with people throughout the world and find out about their way of life and their belief systems. In addition, the news is updated almost by the minute by sites such as BBC and other news media on the Internet. Of course, the mass media is great for entertainment too, and I have all the celebrity and movie information I need at my fingertips either via remote control or keyboard. It is hard to imagine that anything that is so much fun could be bad. One disadvantage could be the tendency to believe as fact what is in fact only opinion. A person should be very careful about applying critical thinking to the mass media.

I cannot imagine my life without a cell phone. Not only does it keep me in touch with friends and family, but it is also a great potential business tool. A parent can stay in touch with a teenager who is out at night or with teachers. In the case of accident or injury, cell phones provide ready contact to people who can help. Of course cell phones also have their disadvantages. Taking a call during a date or a lecture for example has become the newest trend in bad manners. On the whole, I believe that cell phones are extremely useful and I don't want to be without them.

1. Motorola's communication objectives were to reach the global community via their product. They also wished to change their somewhat less than exciting image towards something that would appeal to a younger population group. As such, they studied and adopted many of the language trends among young people, and also…… [read more]


Communication and Effect on Sales Term Paper

Term Paper  |  4 pages (1,188 words)
Bibliography Sources: 4

SAMPLE TEXT:

This made the campaigns relevant to people that wanted to be highly involved or even those who just wanted to be part of the fun. Therefore, the campaign was successful as it was able to reach a huge audience.

In order to make sure that the promotion is successful an organization should be on the ground and know the behavior of the customers towards the promotion. In this case, Coke was successful because they listened to what their consumers were doing with the campaign so as to be able to surprise, uphold the momentum and spark future conversations all through the campaign period (Marketing, 2012).

Once Coca-Cola decided on how the message would reach its target audience, they came up with a strategy on how the information was going to reach the audience. The medium chosen to convey the information on the campaign was appropriate. The share a coke campaign story broke on the pages of newspapers followed by a flow of other marketing trade coverage. There was also television campaigns that featured photos of volunteers that shared their names aired in sports such as football and rugby leagues.

Many people associate with celebrities and media and therefore using these would be effective in a campaign. Coke was successful since they involved key media and celebrity influencers who have a large social media footprint. They sent them personalized seeding kits containing coke products with their names and campaign messages so that they could share with their fans. This made customers more aware of the campaign since they associated it with people they like.

For an advertisement to be useful the consumers have to have something they can associate the advertisement with. Coke created songs that were broadcasted on air nationally. These songs were then used by consumers as inspiration for connecting through facebook. The consumers were also invited to send a name of their friend that was then projected on a live iconic Coca-Cola sign. The internet is also a very good tool that is sued for advertising. Coca-Cola used a key internet tool; social media for its advertisement. Participation and mass sharing was conducted through facebook providing the consumers with tools to connect and share a coke.

This campaign exceeded its initial expectations, with millions of people getting together to share a coke both virtually and literally. The consumption of coke by young adults went up during the campaign which made 2011 the most successful summer coke has ever experienced. This campaign also changed attitudes as teens stated that it gave them a positive impression of the coke brand (Marketing, 2012).

It is important to evaluate communication and sales effects in markets. This is because through this evaluation an organization is going to gauge whether the promotion to be used is going to be successful or not. This evaluation is also going to assist in finding out the most appropriate promotion tools that are effective within the particular market. It is also useful since it helps in gathering information… [read more]


Promotional Strategy Book Report

Book Report  |  5 pages (1,477 words)
Bibliography Sources: 0

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Given the expenditures needed to mount an effective campaign, it is essential that advertising generate or reinforce positive attitudes rather than negative ones.

The major types of advertising are institutional advertising (which tie in with corporate identity and advocacy-type advertising), product advertising (pioneering, competitive, comparative). 'Pioneering' advertising stresses the newness of the product and its unexpected benefits. Competitive advertising generates… [read more]


Marketing Involvement Consumer Research Paper

Research Paper  |  5 pages (1,968 words)
Bibliography Sources: 5

SAMPLE TEXT:

The evoked set is the shortlist, and all marketers want to be on that list. When it was recommended to advertise one resort when a person was looking at a competitor, that was an attempt to move from the inert set to the evoked set. Now, with each person being distinct, the key is that you always want to be in the evoked set. Also important is that if you are to end up in the inept set, then do not waste your time pursuing those consumers. This is a simple matter of qualifying customers. A high end resort is going to be in the inept set for a lot of consumers who simply cannot afford it -- that's fine, as long as the high end resort does not waste its time and money pursuing those consumers. It needs to identify consumers who have it in the inert set and move them to evoked, and then convert on those consumers who have the resort in the evoked set by making a pitch that matches with their needs. The perceptual map shows how different resorts might be viewed by a consumer. The key to winning the consumer is to find a spot away from the bottom left, and preferably away from other key competitors as well. That indicates that the perception of the resort is unique, and it will therefore have an easier time winning business in a hypercompetitive market.

References

Brisoux, J. & Laroche, M. (1981). Evoked set and composition: An empirical investigation under a routinized response behavior situation. Advances in Consumer Research. Vol. 8 (1981) 357-361.

Cauberghe, V. & Pelsmacker, P. (2008). The impact of banners on television: The role of program interactivity and product involvement. CyberPsychology and Behavior. Vol. 11 (1) 91-94.

Lin, L. & Chen, C. (2006). The influence of country-of-origin image, product knowledge, and product involvement on consumer purchase decisions: An empirical study of insurance and catering services in Taiwan. Journal of Consumer Marketing. Vol. 23 (2006) 248-265.

Martin, C. (1998). Relationship marketing: A high-involvement product attribute approach. Journal of Product & Brand Management Vol. 7 (1) 6-26.

McNamara, S. (2014). Consumer involvement theory. AdCracker. Retrieved March 10, 2014 from http://www.adcracker.com/involvement/Consumer_Involvement_Theory.htm

Appendix A: Examples of low involvement products

There's a reason they stick this close to the cashier

So low involvement you can go your whole life without actually purchasing one!

If you thought about it, you'd never buy this junk.

Appendix B: Examples of Medium Involvement Products

If you seek out the cage free, you're thinking on a medium level!

Appendix C: Examples of high involvement purchases

Cars- a high involvement purchase

Houses -- don't rush into that purchase.

Looks easy, but…… [read more]


Marketing Strategy the House Brand Research Paper

Research Paper  |  6 pages (1,884 words)
Bibliography Sources: 6

SAMPLE TEXT:

Thus, both luxury and value will be key characteristics that will be promoted. This will be a promotion-focused campaign as we are seeking to launch this product and win market share from existing competitors.

Other Factors

There is a low involvement learning need. Consumers already have a pretty good understanding of what ice cream is, so we're good there. Consumers will need to rediscover this product in the sense that they will now be exposed to it outside of the Target context. This is accomplished through greater awareness, in particular of the new distribution. After you sell them on Archer Farms, you need a tagline that mentions that the product is available "at your local grocery store" or "at finer grocery stores nationwide" so that consumers realize it is not just a Target brand any more. There is expected to be an increase in consumption of Archer Farms ice cream as the result of this initiative. If there was no expectation of increased consumption, we would be insane to spend this money increasing production, distribution and promotion of it. Our marketing and the increased distribution are going to be major factors in increasing consumption.

This campaign is going to basically reintroduce Archer Farms to the national audience and ask them to see the product as a viable national ice cream brand rather than a Target house brand. This campaign will establish a brand position as a product of affordable luxury, or aspirational status, in order to build a niche in between mainstream ice cream and the established luxury brands. As we are trying to win customers from the two major market segments, the target market is around 160 million people and that necessitates a "go big or go home" approach to diffusion, promotion and all other aspects of this launch.

References

Akdeniz, M., Calantone, R. & Voorhees, C. (2013). Signaling quality: An examination of the effects of marketing -- and nonmarketing -- controlled signals on perceptions of automotive brand quality. Journal of Product Innovation Management.

McNamara, S. (2014). Consumer involvement theory. AdCracker. Retrieved February 24, 2014 from http://www.adcracker.com/involvement/Consumer_Involvement_Theory.htm

Mehta, A. (2013). Ice cream is not impulse in supermarkets. Buy Stories. Retrieved February 24, 2014 from http://thebuystories.wordpress.com/2013/06/10/icecream-category-at-supermarkets/

US Census Bureau. (2012). 2012 national population projections: Summary tables. U.S. Census Bureau.…… [read more]


Marketing Models Review Research Paper

Research Paper  |  5 pages (1,477 words)
Style: APA  |  Bibliography Sources: 5

SAMPLE TEXT:

Product decisions that touch on branding and packaging are very important from the promotional perspective because the name of a brand and how it is packaged communicates a product's attributes. A brand name that communicates a product's attributes and meaning should be chosen to create and maintain brand equity (Handlin, 2014). A product with brand equity is considered to be… [read more]


Marketing Plan for Blueprint Cleanse Marketing Plan

Marketing Plan  |  6 pages (1,725 words)
Style: MLA  |  Bibliography Sources: 2

SAMPLE TEXT:

Marketing Plan for Blueprint Cleanse

Marketing Plan

BluePrint is a juice company that has made a huge hit in sale of juices and nut bars. The company sells organic juice from different fruits and also offers juice mixes for their consumers. Apart from encouraging consumers to see through the juice detox program, the company is also determined to change how… [read more]


Marketing Metrics and Contingency Plan Marketing Plan

Marketing Plan  |  2 pages (698 words)
Bibliography Sources: 2

SAMPLE TEXT:

When talking of metrics, it will also be assumed that decision such as pricing and budget will also be made with the knowledge of metrics such as the contribution margin of each sale and the break even point. These metrics can be gathered from the internal management accounting information regarding costs.

Contingency Planning

If the sales targets and/or profit targets are not met, it is essential that the firm has a contingency plan. There are several plans which may be suggested; from the export of the products to another cold area where there are many older cars, such as Russia. However, this may be a challenging contingency plan, and could be expensive to implement, so may be more suited to an expansion plan for a latter date.

The alternative may be to look for a contingency plan in terms of the pricing and the channels of distribution. As the product is already being offered at a low price with the target market in mind, reducing this further may not be the best move if it impacts the potential profitability and extends the payback period. The use of alternate channels may be viable; outlets such as TV shopping channels, or the use of infomercials, where the product can be shown and demonstrated. This will increase the exposure of the target market to the product, and may allow for a larger quality of sales from a few sources. This may require an adjustment on the wholesale price is sold through the TV shopping channels, but with the quantity of sales it may be beneficial. Therefore, the primary contingency plan will be an expansion of sales channels.

References

Farris, Paul W; Bendle, Neil T; Pfeifer, Phillip E; Reibstein, David J, (2010), Marketing Metrics: The Definitive Guide to Measuring Marketing Performance, Prentice Hall

Jeffery, M, (2010), Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know, John Wiley & Sons

Kotler Philip;…… [read more]


Marketing Industry Introduces People Essay

Essay  |  4 pages (1,369 words)
Bibliography Sources: 0

SAMPLE TEXT:

Regarding an individual's influence of personal sensations in buying a certain product, this is relevant in cases of physiological needs or health issues. For example, we are more likely to buy a beverage when we feel thirsty and food when we are hungry, both of the situations being dependent on bodily sensations. Therefore, we need to drink because we feel thirsty but, when we buy a specific beverage, with a clear inclination to favor one over another, then it is a case of wanting. Suppose we would have our lunch in a restaurant or even at work. The marketing industry would seek to benefit from that by advertising on the radio at noon time. Through this, it has created an opportunity of which the customers may become aware. Likewise, medication is usually prescribed by our doctor but there are less severe cases when we look to aspirin, for example, for head aches and the like. Therefore, taking the medicine is something we need to do to relieve the pain and not something we want to do.

The first step to consumer behavior is to acknowledge that a state of things is contradictory to our well being. From plain physiological needs of being either thirsty or hungry to more complex issues, more existential concerns, needs or wants shape our perspective of and over life. We want to be happy but also we need happiness because of the powerful positive emotion that influences the well being of our mental health. But something we need turns into something we want if and when we cannot afford to have what we need. People in some third world countries want clean water because this is a necessity for survival. And our desire is for them to have clean water because we also want them to survive. But when we are unable to fulfill this desire that influences other people's well being it also reflects on our personal state of mind. Therefore, wanting to see those people in full disposal of water facilities is our own psychological need that results from other's social needs.

In some cases, the line between need and want is very thin, like in the situation presented above. It is also complementary but, when addressing consumer behavior from an economic point-of-view, we find that we often want more than we need. We might put that on society's most consumerist behavior than ever before. Either way, wanting doesn't always lead to having which can indeed induce a restless emotion and further affect our situation. When we want something is not always because we need it but because of the idea that purchasing a specific item will complete something in our situation or self. When shops advertise for items on sale, we don't really asses whether we need them but act on a feeling of wanting. In this respect, the marketing industry has managed to induce us a feeling that we might actually need the item on sale and therefore we rush to purchase… [read more]


Mochalicious Marketing Plan Marketing Strategy Research Paper

Research Paper  |  3 pages (914 words)
Bibliography Sources: 3

SAMPLE TEXT:

Mochalicious Marketing Plan

Marketing Strategy Mochalicious

The Company Profile

Mochalicious Coffee is based in Owasso City, Oklahoma, United States. It has successfully developed its brand image in the local market by providing the top quality coffee at very competitive rate. The company offers different flavor variations and seasonal offerings in its major product line.

The Mission Statement of Mochalicious Coffee:

Mochalicious Coffee aims to become the most preferred coffee brand in the United States on the basis of taste, variety, and quality of its coffee products as well as through superior customer services. The company also aims to become a strong entity in both operational and financial terms.

Marketing Strategies of Mochalicious Coffee

Branding Strategies:

Mochalicious Coffee manufactures, promotes, and sells its coffee under its own brand name. With the passage of time, the brand image of the company is becoming stronger and more powerful in the Owasso city market. This brand image has become a competitive advantage of Mochalicious Coffee against its industry rivals.

ii. Pricing Strategies:

Mochalicious Coffee offers a wide range of flavor variations in its coffee product. It has set very competitive price for all variations so that it can effectively encounter the pricing pressures from its competitors. The gradual increase in the prices of Mochalicious coffee products is due to the sudden shift in the raw material, technology, and operational costs in the United States.

iii. Distribution Strategies:

Mochalicious Coffee has a strong and reliable distribution network across the local market. This network enables it to reach potential markets for the promotion and development of its business. The company pays attractive commission to the distributors and strategic business partners for their useful services.

Integrated Marketing Communications and Customer Satisfaction Plan

Mochalicious Coffee uses pull strategy to promote its products at different marketing mediums. The company considers customer satisfaction as an equally important source of business promotion in addition to the traditional promotional strategies. It takes feedback from the customers about the quality, taste, pricing, and distribution of its coffee products. The company's integrated marketing communication and customer satisfaction plan follows a well-defined path which contains a number of sales and marketing objectives. These objectives reflect both qualitative and quantitative aspects of the company's performance.

Analysis of the Strengths and Weaknesses

Mochalicious Coffee enjoys strong brand loyalty and customer appreciation in the local market. It is an operationally and financially stronger entity which has sufficient manufacturing capabilities to manufacture the top quality coffee products. The company also gives strong focus on customer satisfaction, quality management, research and development, and effective marketing efforts which are the key to a successful future in the industry.

Mochalicious Coffee also has certain weaknesses in its business operations. For instance, it has very limited operations in the local…… [read more]


Marketing Strategies the Marketing Plan Delivers Marketing Plan

Marketing Plan  |  18 pages (5,577 words)
Bibliography Sources: 10

SAMPLE TEXT:

Marketing Strategies

The marketing plan delivers the various strategies that All Technology Computer will use to enhance competitive market advantages. The paper discusses the company mission statement and the strategies that the company will use to align its mission statement with its strategic objective. The brand differentiation is an effective marketing tool to enhance marketing advantages and IMC has been… [read more]


Ethics in Marketing Research Paper

Research Paper  |  5 pages (1,329 words)
Bibliography Sources: 4

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Ethics in Marketing

There are a number of ethical issues in marketing today. These range from the messages that advertisers send -- especially to children -- to the ethics of marketing research. Marketers must be aware of all of these different issues, and be guided by high standards of ethics in order to fulfill their objectives without violating prevailing ethical codes.

Research Ethics

Akaah and Riordan (1989) outline the issues of ethics in marketing research. They point out that there are a number of issues in marketing research, including the preservation of anonymity, the implication of bias and other such issues. There is no external set of standards to which marketers can follow, so in general each organization must set its own standards. The authors note that there are three factors that influence how organization's approach the issue of marketing research ethics -- the extent of ethical problems within the organization in general, top management attitudes about ethics and the role in the organization of the market research department.

A code of ethics in the company should be established at the corporate level, and the research department should follow this code, while developing its own standards and guidelines. For example, minors should not be research subjects. Protocols should be followed with respect to informed consent. In addition, there needs to be procedures in place with respect to protecting the privacy of individuals in the research. If the company is to gather personal information, it needs to ensure that information is protected. Another issue is with respect to the payment of research subjects, which can create bias and perverse incentives. Marketing researchers must be aware of these issues and work to mitigate any potential negative outcomes from the work that they do.

Children

One of the major ethical issues in marketing today is with respect to marketing to children. Children do not have fully developed minds and are therefore subject to marketing pitches to a greater degree than adults. This is not always an ethical issue, but when the product is not good for children -- be it cigarettes or fast food -- it creates an ethical dilemma for the marketer charged with reaching that market. Shrubsole (2012) notes that company's efforts to reach children have become more sophisticated and therefore harder to govern. The problem has become so bad that it is a political issue, and even the United Nations is getting involved, having now issue a set of business principles and children's rights that serve as a framework for marketing ethics with respect to selling to children.

Horovitz, (2011) notes that as restrictions are developed with respect to marketing to children, such a blending games and advertising content, in order to suck children into the marketing. This is tricky enough with adults, but children stand very little chance of resisting, and the result is usually the economic exploitation of the children for the gain on the company that is doing the selling.

Dishonesty

Another issue is with dishonesty in… [read more]


E-Commerce Marketing Plan Term Paper

Term Paper  |  3 pages (762 words)
Bibliography Sources: 0

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This entails as many reciprocal links be built into the site as possible in order for the site to gain traction in the search rankings.

However the most interesting way to actively promote this website was identified to be with the assistance of a marketing model known as tribal marketing. Tribal marketing is an approach that organizes target markets into various groups or tribes. These tribes can represent various different types of group associations. For example, one group could be people who work together while another group could represent all the members who communicate on various websites. Therefore, members of a local art club might represent one tribe and an online network of people who love hand painted porcelain could represent another tribe.

Using this model the website can target different tribes through social media as well as direct email marketing. Once the tribal leader is identified, this individual should be offered incentives to join the new website. For example, the tribal leader might be offered free space online to host their individual online store in connection to the auction site. The idea is that once the tribal leader becomes a loyal customer then they will spread their experience to the rest of the tribe and the marketing promotion can spread in a viral manner and grow exponentially.

One example of the tribes that should be identified and target might be followers of a specific blog which covers art related discussions. The blogger could be approached with a special offer to help promote the new site. They could also be offered a financial incentive to spread the word amongst their followers through an affiliate program. Another tribe that is useful under this model would be non-profit organizations. The website could target these organizations and offer free services to host their auctions. This would serve as a strategic partnership since the non-profit organization would help promote the website through their members. Many other examples such as these exist and the website should target as many tribes as feasible possible by first rating the tribes potential and then reaching out to the tribal members with a special promotion. Using this strategy the website could exponentially grow traffic with a minimal marketing…… [read more]


Social Media Marketing Companies Marketing Plan

Marketing Plan  |  4 pages (1,137 words)
Bibliography Sources: 3

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Since, it is not necessary that particular software if runs good for one project will result in best for the other as well. Though, it is difficult to find ideal software that fulfills all of your requirements but you may make comparisons and choose the one that provides maximum benefits.

The common advantages that social media marketing tools offer are real time accessibility, saves time, aligns organization, easier decision making, provides opportunity to spot favorable trends and keeps focus on central goals. However, it is hard to find all features in one software so you would have to make an analysis first that what you actually requires and then choose the right tool for marketing business.

For example, if you want to have an access to best reporting features then SproutSocial is the tool that can help you a lot in business marketing. It has number of other features as well in addition to advanced reporting. You can make comparisons with competitors' success rate by using this software. It quickly takes a snapshot and makes comparisons for mentions, influence, followers gained and engagement on Twitter. One must keep on looking for the better tools for the social media marketing since better tools will bring better results. (Zeckman)

Mid-Course Adjustments to Social Media Marketing Campaign

The trends in the marketing world changes every now and then and in order to keep pace with the modern world, it is important to deploy latest techniques for your business. Similarly, different softwares are introduced from time to time that helps to increase the efficiency of social media marketing. Therefore, one must keep the edge to adjust changes in the marketing plan. For example, if the business needs to improve the number of visitors to the page and so increase the sales then one may introduce different techniques to achieve the social media marketing objectives. Similarly, if the business is not receiving expected return on investment then marketing team would have to increase their efforts and apply some new strategies like marketers may increase the market research efforts by setting online prediction markets and other social media marketing applications.

Longer Term Metrics

Engagement Duration is one of the longer term metrics that requires major adjustments in marketing strategies. In order to increase the engagement duration, most of the businesses add in videos, podcasts and other social media tools to the blogs or pages. There are several marketing strategies practiced on Facebook, Twitter, MySpace and other social media sites.

Similarly, customer loyalty, size of network and number of subscriptions measures whether the organizational goals are met properly and if they require adjustments in the marketing plan. Since, these metrics are the basic and the long-term measures of marketing plan so managers must focus on them.

It is always recommended to the marketing managers that keep on looking over the efforts that are working and the ones that are failing and then make decisions accordingly which changes are required in the plan.

Bibliography

Heidi Cohen . (2011,… [read more]


Culture and Advertising the Traditional Research Paper

Research Paper  |  4 pages (1,349 words)
Style: MLA  |  Bibliography Sources: 5

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Society value these celebrities to the extent that they would want to look like them or act like them. This forces or dictates their reactions to television advertisement. Celebrities have set the bar high enough when it comes to television advertisement thus it is critical to adopt the use of this contemporary culture in order to relate to the target groups.

In press or mass media advertisement, billboards and newspapers are full of celebrities' picture to attract the attention of consumers or target groups. Celebrities coin business contract with companies and organizations in order to participate in such promotions. Since society knows these celebrities, they think and feel that the relationship of commodities and the famous persons make them who they are. "Various researches have focused on the frequency of African-American endorsers appearing in the magazine advertising, from the standpoint of product type, role portrayals, occupations, media type, and gender" (Brody et al., p 134). This raises their curiosity to try the products and services according to the promotions. This curiosity benefits the company through improvement in revenues and production levels. This explains why numerous football and wrestling stars participate in promotions or advertisements. Members of the society want to associate themselves with the celebrities by purchasing or procuring goods and items they help promote.

Meet- the -- audience advertisements oversee participation of celebrities who take the opportunity to help promote the commodities of the organization in the context. When celebrities accompany the promotional team, members of the society take it seriously, as they want to associate with their idol and mentor. This feeling and thought generate effective outcome in relation to the aims of the organization. These promotions and advertisement are in the manner to relay a picture to the society that these celebrities use the products. In order to appear like their idols, it is crucial to adopt the products by the society hence enhancement in the relationship with the commodities. Online advertisement also applies the use of celebrities in order to woe new and potential consumers to procure products and services. This would entail relaying the information to the society through the help of famous individuals (celebrities).

Advertisement has the impact of turning the interest of the target group to the subject of promotion. Advertisement allows the society to have clear insight on what is in the market. Advertisements also inform consumers on relevant product prices and variety of commodities at their disposal. This makes the celebrities crucial to have effective and efficient plan to reach the target group. Corporate culture has to understand the contemporary culture or modern trends to know the needs and preference of the society. This would enable corporate entities to reap the benefits of effective and efficient advertising through low cost of production and high revenues. The contemporary culture that proves to have a positive influence on the outcome of advertisement is celebrity. It acts as the important tool to reach the society in the context of the advertisement. This makes celebrities… [read more]


Marketing Mix Marketing Plan

Marketing Plan  |  2 pages (608 words)
Bibliography Sources: 1

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Many of these retailers also have online components, which would also increase the online presence of the product.

Nike has often been successful in partnering with schools and other businesses to promote its products. Directly working with schools as part of the marketing initiative would be yet another way to use 'place' in an effective manner. For example, Nike could construct exclusive deals with schools that were attempting to fight the obesity epidemic by offering low-cost pedometers to students at a discount, so the children could track their daily steps. This would create a built-in clientele for the product as well as arouse interest about the pedometer in the community, given the publicity it would likely generate.

Nike could also send out information to physicians, suggesting the pedometer as part of the 'prescription' for a healthy lifestyle of patients seeking to lose weight or maintain a healthy weight. Walking, along with a healthy diet, is a drug-free method to facilitate weight loss. Many physicians are concerned about the rise in weight-related, chronic conditions amongst their patients, and there are also questions about the advisability of automatically using drugs to treat conditions such as pre-diabetes and obesity. Using a pedometer is an excellent, measurable, and realistic fashion to get a sense of how much activity is going on in a patient's life and can give both doctors and patients a sense of how they need to modify their diet and exercise program for optimal health.

Works Cited

"Marketing mix." The Times Business Case Studies. [21 Apr 2012]

http://businesscasestudies.co.uk/business-theory/marketing/marketing-mix-price-place-promotion-product.html… [read more]


Marketing Sports Drink in Today Marketing Plan

Marketing Plan  |  3 pages (1,048 words)
Bibliography Sources: 3

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This respect for consumers translates into more effective marketing strategies.

"Processes" refers to the recognition and appreciation of the discipline, creativity, and structure that is brought into the marketing strategies for products (Kotler and Keller, 2012, p.25). Openness to innovative and unique ideas with regard to format and content of marketing strategies may help the company develop more state-of -- the art concepts for marketing that could provide a competitive edge. Kotler and Keller (2012) indicated that establishing processes that effectively guide activity is an integral component to the development and maintenance of long-term business relationships that are mutually beneficial. By remaining open to creative input from all staff within the company and encouraging dialogue and discussions about marketing activities, the company is more likely to develop and implement more effective, far-reaching marketing strategies.

The third "P" is "Programs," which includes all of the consumer-directed activities associated with the company (Kotler and Keller, 2012, p.25). This includes all activities related to the more traditional marketing mix of product, price, promotion, and place. In regards to product, the company could emphasize the stay-cool feature of the drink container, and develop a brand name that captures the essence of the drink. The quality of the beverage itself could also be highlighted with a focus on scientific evidence of effectiveness. The price component of the marketing mix involves the development of an appropriate list price. This could be done through comparison studies of similar sports drink products being offered by competition, and setting price in a similar range. Promotion involves advertising, public relations, and direct marketing. Effective promotion could be achieved by developing sales campaigns directed at the young, athletic demographic. Promotion activities could be effectively executed through social networking, television ads, and direct marketing at sporting events. The final component, place, refers to the locations for the sales and marketing of the product. The sports drink could most effectively be marketed in locations where physically active people are more likely to be present, such as college campuses or workout facilities.

The final "P" involved in effective holistic marketing management is performance (Kotler and Keller, 2012, p.25). This involves measures that can be used to accurately reflect financial and non-financial implications associated with the product including, profitability, brand equity, and social responsibility. Studies could be conducted to assess the effectiveness of marketing campaigns for the sports drink by assessing financial reports before and after advertising campaigns in order to ensure that the marketing campaigns are effective in content as well as target market segment.

References

Kotler, P., Keller, K.L. (2012). Marketing Management, 14th Edition. Prentice Hall, Inc. ISBN: 0-13-600998-0.

Snell, P.G., Ward, R., Kandaswami, C., Stohs, S.J. (2010). Comparative effects of selected non-caffeinated rehydration sports drinks on short-term performance following moderate dehydration. Journal of International Sports Nutrition. 7, 28. Retrieved 15 April 2012 from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2936297/?tool=pubmed.

Ballistreri, M.C., Corradi-Webster, C.M. (2008). Consumption of energy drinks among physical education students. Revista latino-americana de enfermagem, 16, 558-64. Retrieved 15 April 2012 from http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0104-11692008000700009&lng=en&nrm=iso&tlng=en.… [read more]


Marketing of a Sports Drink Marketing Plan

Marketing Plan  |  3 pages (940 words)
Bibliography Sources: 2

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Marketing

In order to market this new sports drink, the different elements of the marketing mix need to be developed (Kotler & Keller, 2012) . The old four Ps include product, which here is a run-of-the-mill sports drink and a gimmicky bottle. The price will probably be premium. The positioning will have to be premium, and it will probably trade on the funky bottle. The promotion is likely going to focus on this message as well, and with the distribution being saturation in order to match the promotions of competitors. Thus, the product will be utilizing a differentiated strategy. Budget-wise, this is something that will compete against national firms with large marketing warchests, so hopefully we are similarly equipped. Also, a P. that is not normally mentioned is important here -- patent. The bottle is the main source of competitive advantage, so that patent needs to have ironclad protection, making it difficult for competitors to develop anything even close to it. If we innovate and lose that advantage two months later, we're done.

Kotler and Keller support the idea of a new four Ps, which are people, processes, programs and performance. The idea behind people is that the people within the organization are key to success. So the first step in marketing this product is to put a good team together. The product itself is unspectacular -- most people already have refrigerators so the only thing this bottle does is make it a little more portable, for hiking, kayaking, etc. It is going to be priced higher than competing products, without adding much benefit to consumers, and it doesn't have half the brand that the major competitors have. We are going to need good people to sell this thing. On my team, I want people who have sold sports drinks, but I also want people who have sold products of little marginal utility for a premium price.

Processes, as described by Kotler and Keller, focuses on creativity and structure. In this case, the objective has to be to overcome the faddish nature of this product. Many people might give the product a try, but the key is to make sure they buy it again, and again. Obviously the product will need to be a part of that, but the marketing process is going to play a role. The team needs to ensure that it not only has a great idea to start, but that it continues to generate great ideas. Some of the advertising is going to be outsourced, but it is essential that the company puts up the right amount of money in order to secure the best agency to produce those eye-catching ads. In addition, we need to continuously be on top of the marketing information, getting the right feedback. We must always update the information. So again,…… [read more]


Marketing Communication Plan for Re-Launched Cadbury Wispa Bar Marketing Plan

Marketing Plan  |  7 pages (2,607 words)
Bibliography Sources: 10

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¶ … relaunch of Cadbury's Wispa bar. Through case study examination and marketing communication planning, the study acknowledges successes surrounding the relaunch of the Cadbury Wispa bar, and aims to sustain and extend Wispa brand and product success. In particular, the study cites, for example, pull positioning strategy as a strategic tenet. Moreover, for organization of the study, the paper… [read more]


Three Different Marketing and Sales Strategies Event Planners May Utilize to Reach Target Markets Term Paper

Term Paper  |  5 pages (1,686 words)
Bibliography Sources: 3

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Marketing and Sales Strategies for Event Planners

Recommended Marketing and Sales Strategies for Event Planners

Of the many marketing and sales strategies event planners rely on for reaching target markets and increasing attendance, three that show significant potential for generating results based on current research are discussed in this analysis. All three are reliant on communicating to potential event attendees… [read more]


Role of Sales and Marketing in the Lodging Industry Research Proposal

Research Proposal  |  3 pages (992 words)
Bibliography Sources: 2

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Lodging industry, sales and marketing play important roles in the survival of individual lodging operations and the industry as a whole. Indeed, the two work together to create a platform for business success in the industry. At the basis of this, according to O'Neill, Hanson and Mattila (2008, p. 355), is customer equity. This means that marketing is driven by customer-centered approaches, which in turn drives sales.

Specifically in the hospitality industry, this means that the relationship between marketing and sales should be investigated to determine the exact drivers of sales in the marketing mix. According to O'Neill, Hanson and Mattila (2008, p. 355), marketing is the direct driver of customer demand. Hence, this is one of the major investments in the lodging industry. According to the authors, marketing and sales expenses average 7.4% of revenues for full-service hotels and 7.9% of revenues for limited-service hotels. Indeed, the sheer volume of these expenses is second only to employee expenditures.

There is a close connection between marketing and sales. Marketing means providing potential customers with information about the lodging operation, its features, and its differentiation from other competitors in the market. Sales refers to further marketing features that occur after customers have been gained. Loyalty programs are an example of such expenses. Furthermore, the lodge needs to differentiate itself from others by means of "special" features such as welcome gifts to customers who book in.

Sales also refer to the excellence of service provided for customers who have been gained. Great expenses are incurred to ensure that the service and products provided at lodges are excellent. This includes expenses such as training personnel and employing specific personnel to attract further customers and retain existing ones. While marketing is therefore used as an initial customer incentive, sales mean that further incentives are created to retain those who already have experience of the lodge in question. This dynamic, in turn, drives competition and provides the industry with the means of its survival.

Market segmentation, targeting, and positioning are also important factors in the marketing process. According to Rudra (n.d.), all markets are made up of segments. This is the result of differential factors among consumer characteristics and their buying behavior. In the lodging industry, this generally relates to budget. Consumers who need lodging are usually those who are on holidays or those who are on business trips. These provide two main segments for the markets. Within these two segments, there are further budget segments, ranging from low to higher and top tier segments.

In the lodging industry, market segmentation would then depend upon the type of consumer that the lodge is aiming to target. Families would most likely form part of the budget segment. Here, the lodge would seek to attract a high volume of consumers in order to gain as much as possible revenue from them. Means at their disposal to target this market would then be sales items such as loyalty programs and marketing items such as…… [read more]


Integrated Marketing Communication Plan Marketing Plan

Marketing Plan  |  6 pages (1,666 words)
Bibliography Sources: 5

SAMPLE TEXT:

The brochure is interactive and makes provision of video clips, 360-degree products views and useful information on key features that distinguish John Deere's leading lines of riding equipment.

Analysis

John Deere Company's promotion mix is dependent upon mass selling of its products across various sectors and on a global basis. While the Deere company typically focuses on the agricultural market, it is also focusing on the average homeowner with its new mower line available in some retail stores including Home Depot and Lowes. There is a broad range of target audience for the John Deere company including agricultural, forestry, residential and even toys. The John Deere company positions its products through branding as well as expansion into the retail market most recently. There is a great deal of publicity about the John Deer Company and its products including television, magazine, billboard, and online internet and web marketing. In addition, the John Deere Company has partnered with other large brands for marketing purposes. The marketing mix is one that is evidencing how successful it is through revenue growth for the John Deere company. Deere is expanding worldwide and has a large and loyal base of customers.

Conclusion

The John Deere Company has a highly integrated and highly successful market mix that reaches many sectors of the economy and many customers in various industries and pursuits. The success is evidenced by the company's revenue increases and its global expansion.

References

Frazier, Mya (2005) John Deere Cultivates Its Image. Advertising Age. 25 July 2005. Retrieved from: http://adage.com/article/news/john-deere-cultivates-image/104052/

John Deere and NASCAR (2007) Logo Design. Retrieved from: http://www.logodesignarticles.com/2007/02/06/general-articles/john-deere-and-nascar

John Deere Launches "Unlock" Website to Preview New Equipment (2011) John Deere News Releases. Retrieved from: http://www.deere.com/wps/dcom/en_US/corporate/our_company/news_and_media/press_releases/2011/agriculture/2011apr6_unlockwebsite.page?

John Deere Uses Technology and Hands-On Experience to Reach Customer (2011) John Deere News Releases. Retrieved from: http://www.deere.com/wps/dcom/en_US/corporate/our_company/news_and_media/press_releases/2011/common/2011apr06_mowermatch.page?

Munier, Aastroem (nd) It makes 2.0 business sense. The business branding network. Retrieved from: http://aastroem-munier-bbn.com/documents/AMBBN-White-Paper-Web-2-0.pdf

Woollston, Gary (2011) Case study: Energy, Engagement, and Direction in a multi-national and multi-product environment. Retrieved from: http://www.ocp.co.uk/_Attachments/Resources/223_S4.pdf… [read more]


Smart Marketing: Effects of Databases and Algorithmic Term Paper

Term Paper  |  8 pages (2,792 words)
Bibliography Sources: 18

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Smart Marketing: Effects of Databases and Algorithmic Advertising

, computer, and store advertisements are just a few ways the public is exposed to marketing on a regular basis. Buying in this way seems to be a full-time job: always the advertiser is turning the average person into an important consumer. The morality of the advertiser's intelligence in making the public… [read more]


Graves Enterprises Marketing Graves Enterprise Marketing Strategy Research Proposal

Research Proposal  |  3 pages (870 words)
Bibliography Sources: 3

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Graves Enterprises Marketing

Graves Enterprise Marketing Strategy

Graves Enterprises Marketing Strategy

As the newly installed Vice President of Marketing for Graves Enterprises, the focus over the next year is to double sales in both the company's commercial and consumer floor care product line. With the research materials in hand there is considerable scrutiny and analysis necessary to determine the efficacy of the proposed Graves marketing plan. The consumer plan emphasis is on the design of a new "safe, effective, and eco-friendly" (Graves Enterprises Case Study. N.D.) floor cleaning product which will have a price premium attached to it. Second, a private label cleaner will be introduced to be sold in big box retailers such as Wal-Mart and K-Mart. On the commercial side the focus is on expanding opportunities to hospitals and nursing homes with a specialty anti-bacterial product release and a "repackaging of the existing Skid-No-More floor wax" (Graves Enterprises Case Study. N.D.). Again with these offerings there is an expected price increase to reflect a premier product with unique features. The recommendations of the marketing team though must work in the context of the fundamentals of consumer and business behavior and purchasing patterns to include the "Four P's- product, price, place, and promotion-marketing scholar and teacher Philip Kotler's mainstay marketing model" (Borneman, J. November 2004).

Question I

The proposal of the marketing team initiates with the "development of a new product line that is promoted as safe, effective, and eco-friendly" (Graves Enterprises Case Study. N.D.). This product line will also carry a 1.5 times higher price point reflective of its environmental friendly aspects, and is expected to generate a 2 times profit increase (Graves Enterprises Case Study. N.D.). Additionally the company will market a private label of this new product as means of more effectively competing in the industry, as well as tapping into new retail outlets including Wal-Mart and Advance Auto Parts. Without question "successfully introducing new products or services into the market is vital to the long-term growth a company" (Luan, Y. & Sudhir, K. June 2010). Graves has several strategic product features which at present they are not utilizing as competitive advantages: "a unique, proprietary chemical cleaner that cleans "dry" which helps to reduce mold" (Graves Enterprises Case Study. N.D.), a hypoallergenic formula and Scotchguard stain protection (Graves Enterprises Case Study. N.D.). An important question is whether the new product line will incorporate these features and whether they will be highlighted as part of the marketing mix. Any effort made to differentiate the Graves product from rivals Kleen Floor Products must be part of the marketing strategy. Of Kotler's Four P's,…… [read more]


Integrated Marketing Communication Term Paper

Term Paper  |  3 pages (1,311 words)
Bibliography Sources: 0

SAMPLE TEXT:

Integrated Marketing Communications

The 5- step consumer decision-making model is very important in marketing. You just saw an ad that told you that you could purchase an energy efficient major appliance before 4/30 & receive a rebate from the government. It reminded you that you have been thinking about needing a new stove. With this being the 1st step, describe what the consumer is doing in each subsequent step & identify what marketers can do in each of the 5 steps to influence the consumer. Have at least two non-traditional marketing & two sales promotion elements that the marketer could use.

Decision Making Process

Problem recognition -- (Consumer) Current stove is almost 20 years old, and while it is working it is not very energy efficient, especially the oven. It is old enough that it does not have any of the automatic sensing tools as well. (Marketer) Marketing responsibility at this stage is to encourage removing older, energy "hog" appliances for better performance and efficiency. Think green! Examples are advertisements that ask questions like: how can you do your part to save energy? What happens to your utility bill when you cook at home? Can you save money and be responsible by purchasing a new appliance? Television or print media most likely vehicles to impart this. Sales promotion = Offer Free Energy Audit and in-home consultation.(During energy audit have technician look at other kitchen appliances, but don't neglect water-heater, washer-dryer; in many older homes all appliances were purchased at the same time, and therefore might all need to be replaced).

2) Information Search

Internal -- Consumer looking at their ability to afford and logistics.

External - Which store or location for purchase. Which brand? Why, benefits and features. (Marketer) -- Work with local banks or credit unions to provide incentive financing; have better interest rates if they replace more than one appliance, offer ways to allow rebates to go directly to loan, etc. Work on extended package deals to provide incentives for total household energy savings.

3) Evaluation Alternatives -- (Consumer) -- Brand x or y, features needed, price range, time of payback (even with rebate) (Marketer) -- add on incentives, if stove, give promotional incentives purchase new microwave or refrigerator -- matching sets, etc.

4) Purchase decision -- (Consumer) -- Able to afford, attend sales event or schedule in-home consultation, choose model, sign contract, arrange for delivery -- (Marketer) -- Solidify brands with best ROI by giving consumer added reason to buy, run sales on older models, make arrangements with factor for special deals on matching sets.

5) Post purchase behavior -- (Consumer) -- Extended warranty purchase, customer satisfaction survey. (Marketer) -- Work with local chef or cooking schools to offer free classes on using new appliances; seminars in cooking x, y, or z; prizes and make the events seem extra special because of purchase. Enhance reasons for extended warranty. Offer stickers that indicate "Certified Energy Savings Household."

State clearly what the goal of the ad is. What are… [read more]


Marketing Plan for MNC Molex Marketing Plan

Marketing Plan  |  10 pages (3,535 words)
Bibliography Sources: 15

SAMPLE TEXT:

Marketing Plan for MNC - Molex

Marketing Plan for MNC -- Molex

Strategic Situation Summary

In the context of a more and more dynamic industry and a more and more demanding consumer base, electronics manufacturers develop and employ various strategies that answer to the emergent challenges. One particular means of responding to the new requirements and consolidating a competitive position… [read more]


Etextbooks Marketing Plan for E-Textbooks the Intent Business Plan

Business Plan  |  3 pages (820 words)
Bibliography Sources: 1+

SAMPLE TEXT:

eTextbooks

Marketing Plan for E-Textbooks

The intent of this section of the marketing plan is to define which type of software will be used, the marketing strategy, sales tactics, advertising and promotions and incentives that will be relied on in launching the new venture.

E-Textbook Software and Platform

It is recommended that the proposed venture participate in the Digital Text Platform (DTP) from Amazon.com, which has online tools available for the creation of e-textbooks from HTML in real-time. Once created the e-textbooks can be uploaded into the Kindle Store and resold there in addition to being resold on individual publisher's sites. This alleviates the need of staying up-to-date with each version of Adobe Acrobat or comparable digital content application. In 2009 Amazon.com launched the Kindle DX which has a 9.7" display, global wireless for downloading of most e-textbooks in less than a minute, and orientation support to match how the reader has the Kindle positioned. The greatest benefit however of going with the Amazon DTP Program is the tight integration of the Kindle DX platform to the e-textbook format produced as part of their online publishing process. All of these factors support the decision to partner with Amazon.com and join their DTP program, publishing through their online production tools.

Marketing Strategy

Approximately 60% of all e-textbook publishers have partners with Amazon.com to have their texts produced for the Kindle DX Platform. As a result Amazon is promoting its site as the premier source of e-textbooks worldwide which is generating traffic to the site from college and university course planners, professors and students. By aligning with the industry leading platform the proposed venture gets a higher level of credibility than if the decision was made to produced PDFs and put them on a website for downloading for example. The Kindle DX platform, with its wide screen, ability to search entire books for key phrases and concepts, and compatibility to the DTP Program standard also ensures a consistent user experience for every customer of the new venture as well. The marketing strategy needs to be then based on attaining credibility as an e-textbook provider rapidly based on an alliance with Amazon and their DTP Program. Second, ensuring a consistent user experience is critically important and that can be attained using the Amazon Kindle DX and Amazon e-textbook program. Third, the e-textbooks need to be authored by experts in their fields so that the quality of the content stands on its own and…… [read more]


Integrated Marketing Communication Program Marketing Plan

Marketing Plan  |  2 pages (909 words)
Bibliography Sources: 0

SAMPLE TEXT:

Cafe Adobe Part II

Group IMC Program Proposal Component II

Integrated Marketing Communication Program

Overall Creative Strategy -- Creative Brief

The current campaign is rather scattered, with ads running in a local Gay & Lesbian publication, radio ads in the Houston press, website and billboard promotions, localized activities. The objective of any new or enhanced strategy would be to broaden the client base by focusing dollars more on high return promotions. The localized nature of the company means that Cafe Adobe wants to be seen as "THE" restaurant alternative for a broader spectrum: for families dining out and having fun; for Mexican-Americans to have an authentic meal, and for any sporting team, or any adult group to use the restaurant as a place to meet, have a few drinks, eat, and have a good time. Billboards accomplish a great deal of top of mind resonance, and if individuals click on Adobe's website, they are offered free appetizer coupons.

Target Audience - the primary target market for Cafe Adobe is adults 21+ with or without families who wish to enjoy a mid-range ethnic meal; ethnic Mexican-Americans who want a night out with authentic food and Spanish speaking staff; and young families wanting a non-fast food experience for their children. Research notes that food is a significant part of the Mexican-American tradition, and even those at the lower end of the economic spectrum will opt for a more authentic atmosphere than fast-food. Cafe Adobe has also made it known that they are gay/lesbian friendly, and welcome people of all persuasions into their "home."

2. Message Theme -- Primary thematic focus is on authenticity (Tex-Mex as well as traditional Mexican dishes) at a reasonable price in a friendly atmosphere. Mi casa e su Casa, the idea that you are being invited into their home to partake of food and drink, and conviviality. Why dine fast-food Mexican when for about the same money you can have freshly prepared and authentic meals? Additionally, with numerous food and drink specials based on seasonal delicacies (e.g. camarones (shrimp) in season; interesting avocado dishes, etc. As well as a large selection of quality tequilas, the restaurant can be a watering-hole as well as a dining spot).

3. Support -- it will be important to showcase the theme through support. Testimonials, taste tests, and pricing comparisons may be used. Continued push at the local-local event market (e.g. neighborhood fairs, sales, events, concerts, etc. school fund raisers) anything to push the local/local idea..

4. Constraints -- Billboard advertising seems effective in that it gets the name and tagline out to the community; along with the website and coupons. The constraints are balancing the idea of a watering hole with the family atmosphere, which is…… [read more]


Integrated Marketing Communication Term Paper

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An improved reputation will for instance raise the interest of more business partners and the communities. Means in which this could be accomplished include interviews within the local media or the featuring of organizational leaders within television shows for the local press.

(5) Online communications -- in order to appeal to the younger audience, it is compulsory to also address it within the virtual community. This method is once again useful as it allows the company to promote itself and to familiarize the virtual consumer with the XYZ products even before the company actually launches its operations and its products within the Indian market.

Despite the high levels of professionalism with which the marketing campaign is being constructed and implemented, fact remains that the uniqueness of the Indian market could raise some impediments to customers' acceptance. The lines below present examples of elements from the political, social and cultural field that could impact the marketing communications mix.

(1) Political: the Indian authorities, like any other national representatives across the globe, have strived to protect their national sectors by imposing taxes on exports. In more recent times however, the political field in India is working on ensuring higher levels of market liberalization. This virtually means that both tariff and non-tariff barriers are being gradually lifted. Otherwise put, XYZ Inc. will be able to freely air its campaign, without being forced to subject to restrictions. Nevertheless, fact remains that the legislation in India is fairly different from the one in the United States, meaning as such that the company should hire consultants specialized in the issues of expansion within the Indian market.

(2) Social: India is globally recognized for its hi-tech affluences as more and more representatives of the young generation get jobs in IT; this aspect means that the customer base is highly educated from a technological standpoint and it is as such rather pretentious. In the context of XYZ's marketing campaigns, this feature translates into the necessity for the company to construct a strong online campaign, with multiple features. A poorly constructed website, with low interaction abilities, with sales or IT specialists that do not reply to the emails of the viewers or the lack of sufficient information will from the start create consumers' reticence to the product and the company.

(3) Cultural: the respect for the Indian culture is pivotal for the success of XYZ. Aside the obvious element of language correspondence, the success of the company's campaign is pegged to its ability to respect region and the geographic religion, as well as social nuances (Williams, 2008).

References:

Twitchell, J.B., 1996, Adcult USA: Triumph of Advertising in American Culture, Columbia University Press, ISBN 0231103255

Williams, G., 2008, 3 Ways to Kill a Deal in India,…… [read more]


Marketing a Market Leader in Pharmaceuticals Thesis

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Marketing

A market leader in pharmaceuticals should emphasize in its marketing strategy its competitors primarily and the consumers secondarily. There are two main reasons for this. As an industry leader, the company should strive to portray itself as ahead of its competitors. Strategies recommended include using the advantage in economies of scale to undercut competitor's pricing and achieve greater distribution through the health care system. Brand extensions can help to defend market position against the threat of competition (no author, 2009). Pharmaceuticals also give direct benefits to consumers. Moreover, when consumers search for pharmaceuticals they often compare different brands against each other. Therefore, a brand can attain competitive advantage by communicating more effectively to the consumer about the benefits of its products.

A market follower in a mature market should focus on comparisons with its competitors. The marketing message should convey the reasons why consumers should switch from the leading brand to the following brand. This can mainly be done by demonstrating direct superiority over the leading brand in terms of the qualities consumers value the most.

A market nicher in interior design needs to have a wholly customer-centric message. The service is tailored to each customer. The customers are not interested in mass market offerings so benchmarking against industry leaders is irrelevant. Additionally, the entire service is focused around meeting the customer's needs so the message needs to convey this.

A market challenger in this scenario needs to build economies of scale in order to compete. They must do this with a combination strategy that not only demonstrates superiority to the leading product but also conveys a strong sense of direct benefit to the consumer. In this industry, it is imperative that the firm be seen as the best company with the best products -- anything less and they will fail to achieve the economies of scale needed to effectively compete.

2. The resort should price the services separately. The willingness to pay factor is important to consider here (Rao, 2009). The consumer typically sets their hotel budget, but the activities budget is separate. Thus, if the hotel adopts a pure-bundle strategy, the higher room price will be perceived as a lower value than competing hotels. While the extra services provide higher value, if the consumer is not interested in those services, they will base their views on the higher room rate, not the package of services. In order to build repeat business and longer stays, the hotel must have its rooms at a price point that is perceived as competitive. Consumers do not mind having to pay for certain types of extra services. By leaving those services to the consumer's option, the hotel would maintain its value proposition, and still be able to capture significant revenues from those services, since guests are not averse to paying for extras like volcano tours, massages and scuba diving.

3. Before making a decision, there are several points of information I would need. The first is with respect to our usual performance… [read more]


Marketing Mix and Strategy Essay

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Marketing Strategies - breakfast cereal Australia

Marketing Mix And Strategy

Healthy Co. Pty Ltd. is a food processing organisation located in Queensland, Australia. 'Nutri Mix' breakfast cereal is the product developed by the company for this market and it's focused on nutrition and healthy life choices. The initial research was focused on six local macro-environment factors that could potentially impact… [read more]


Preparing a Marketing Plan for Terry's Group Novelty Chocolates by Analyzing a Particular Case Term Paper

Term Paper  |  6 pages (1,660 words)
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¶ … Marketing Plan for Terry's Group (novelty chocolates) by analyzing a particular case

Marketing Plan for Terry's Group

Terry's Group is a New York-based company, operating throughout the entire world and activating in the food industry by producing high quality chocolate products for over two centuries. Today, the company is integrant part of United Biscuits, which desires to become… [read more]


Advertising on Specialty Channels Term Paper

Term Paper  |  3 pages (1,196 words)
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¶ … advertising on specialty channels. Discuss how both large national advertisers and small local companies might use cable TV effectively in their media plans.

Specialty channels have made it possible to more precisely segment prospects for a product or service based on their specific interests. Specialty channels attract highly unique and differentiated audiences, many of which share common demographic and psychographic profiles, making advertising on these channels the most efficient approach to reaching specific prospects of interest. Compared to the national channels that have a very wide demographic base that requires a correspondingly broader message, specialty channels offer large national advertisers and local companies alike the opportunity to reach more precisely defined audiences with more focused messages. These specialty channels then a much more effective at reaching a specific audience than the larger national channels.

Explain why advertisers of products such as cosmetics or women's clothing would choose to advertise in magazines such as Flare, Elm Street, or Chatelaine.

Each of these magazines and their accompanying websites approach women's perceptions of themselves as independent, autonomous, self-confident and high achieving from a slightly different vantage point, yet all are affirming of women's self-concept as being self-confident, decisive and strong. Because each of these magazines and their websites speak to women about how they feel about themselves, it's most likely that manufacturers of cosmetics and women's clothing would choose to advertise both in print and online in each of them with slightly different strategies. The messaging of each of these publications and their websites is slightly different with varying degrees of career, fashion, lifestyle, physical fitness, in addition to many other topics of interest to women, yet all share in promoting a healthy self-image of women as high achievers. For cosmetics and women's clothing companies, advertising in each of these magazines and their websites is most likely critical to their overall marketing strategies.

Discuss advantages and disadvantages associated with advertising in movie theatres. For what types of products and/or services might these media be most effective?

Increasingly mainstream advertisers are turning to advertising in movie theatres to accentuate and further strengthen their advertising strategies. While there are the disadvantages of being perceived as an irritant to movie goers and also the high cost, there are many advantages to advertising in movie theatres. These include highly targeted exposure to specific audiences, as many theatre chains now allow for specific advertisements to be placed on specific movies whose audiences can be predicted along demographics and psychographic variables. There is also the advantage of capitalizing on the mood within a movie theatre of anticipated entertainment. American Suzuki was able to capitalize on the mood within theatres with their advertising during the holiday season of 2007 tying in their motorcycle and sports utility vehicle (SUV) brands, using a storyline that accentuated the strengths of their motorcycle line and the XL7 SUV line the company launched in the Fall of 2007. Additional advantages of advertising in move theatres are higher levels of retention and recall of… [read more]


Advertising Manager Term Paper

Term Paper  |  1 pages (439 words)
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Advertising manager of a large firm asked you - the vice president of marketing - to approve a $500,000 increase in the advertising budget for one of the company's brands. She predicts that the additional $500,000 in advertising will increase the brand's sales by $2,000,000. Even if you were 100% sure that her prediction was correct. Question: What Additional Information Is Still Need Before Making a Decision?

There is an abundance of information required before making a decision to invest $500,000 to gain an incremental $2,000,000 in sales, even if there appears to be a high level of certainty this could actually occur. First, personally I would be suspect about the certainty of the cause-and-effect of this specific investment yielding these specific results. First, it's critical that the demand elasticity of the product be first defined, which can be difficult to do, and second, how will the $500,000 increase in the budget impact the perception of pricing and is the pricing optimized already? This is a critical question and needs to be resolved as price optimization, when coordinated with the large investment of an advertising budget, can yield significant results (Retail Pricing 2006).

Then there is the entire aspect of the execution of the program, and the current state of lead generation and escalation systems, including the use of…… [read more]


Marketing Strategy Are Market Driven, the Quantitative Term Paper

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¶ … marketing strategy are market driven, the quantitative description of the market followed by their expectations are the motivating forces which mold the strategies and the policies of the company. The company during its operation has to monitor and control the public demand, followed by the standards of the goods being demanded. The standards of the goods being sold… [read more]


Sales and Marketing Management Term Paper

Term Paper  |  3 pages (1,230 words)
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Sales and Marketing Management

Summary of "Stars in the Making," by Elana Harris

For years, the practice of sales and marketing seemed to be somewhat like magic, with no way to teach people how to do it or what makes a good representative. Literature in recent years, such as "Stars in the Making," a 2001 article by Elana Harris, serves to demystify the process of turning new salespeople into, in effect, "sales stars."

In Harris' article, she makes the point that there are ways to mentor, motivate, and lead new salespeople to their full potential as salespeople; this point is cleverly proven by success stories from such luminary companies as Bausch & Lomb and others. Perhaps the most important message that Harris puts forth in "Stars in the Making" is that training, motivation and development of the skills needed for overcoming challenges are keys to the growth of salespeople over the long-term. Because of this, Harris continues, sales managers must be coaches or mentors to their team members as well.

Simply put, in conclusion, "Stars in the Making" proves that success in sales is attainable for those who put forth the effort, when properly led by managers who likewise make an effort to mentor their "future stars."

Relevance of "Stars in the Making"

Elana Harris' article is extremely relevant, especially given the bad reputation that selling has been given over the years, not only from the viewpoint of the customer, but also from the viewpoint of those who are looking at career choices. A great deal of this bad reputation and misconceptions about sales have been based in the past upon unprofessional, unethical salespeople, led by managers who were even worse. However, Harris takes the sales profession, the development of competent and ethical salespeople, and their management to a higher level of professionalism and credibility, making this article relevant to a professional selling career from several key points-of-view.

To begin, Harris gains credibility in her article by explaining that while there are basically a handful of born salespeople who make their quotas and do well without much coaching or skill sharpening, there are those who simply need more mentoring and training to bring out their full potential. This explanation is something that an aspiring sales professional, or even someone looking for a valid career choice, can hold onto as a highly valuable piece of information, for it shows that sales excellence is not always magic, but is a skill that can be honed and developed.

Especially relevant for sales managers was information that explained how important it is for salespeople to be given all of the tools and training that they will need to realize top productivity as salespeople, and furthermore, all of this can be done in a professional setting and that salespeople add a great deal of value to the buying process. This concept also relates Harris' article to another key reference on the sales profession, the book "Selling: The Profession" by David J. Lill.

Lill's book is… [read more]


Marketing Mix an Integrated Term Paper

Term Paper  |  5 pages (1,640 words)
Bibliography Sources: 1+

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Public relations can also help the consumer gain understanding of the company and its message. This is especially important because there is a limit to the believability of advertising messages, with most consumers natural skeptical of anything stated in an advertisement. Effective public relations can overcome this hurdle because the message is not presented in an advertising format and will not be perceived as trying to indicate any specific message. In this way, an overall message about the company can be communicate, but in a subtle way where the consumer is able to come to their own conclusion. Finally, an effective public relations strategy will help to build trust in the company. This will be important in developing a strong relationship with the consumer.

The final consideration is how to measure the effectiveness of the integrated marketing communication strategy. Since the strategy is aimed at building relationships with customers and gaining customer loyalty, the main measurement will involve determining the customer return rates. With personal selling providing direct contact with customers, this will be able to be measured and reported by sales staff without the requirement for complicated research activities. It will also be important to utilize concept testing, which is used to "explore the targeted consumer's response to a potential ad or campaign" (Belch & Belch 1999, p. 292). Concept testing will be utilized via focus groups to determine the response of consumers and to ensure that the advertisements and public relations activities communicate the desired message. Finally, surveys of individuals in the target group will be completed periodically to determine how the company is perceived by the target market.

References

Belch, G.E., & Belch, M.A. (1999). Advertising and Promotion. Boston, MA: McGraw Hill.

King, S. (1991). Brand-building in the 1990's. Journal of Marketing Management, 7, pp. 3-13.

Kotler, P., Armstrong, G., Brown, L, & Adam, S. (1998). Marketing. Englewood Cliffs, NJ: Prentice Hall.

Kotler, P., Chandler, P., Gibbs, R., & McColl, R. (1999). Marketing. Englewood Cliffs, NJ:…… [read more]


Marketing and Sales Business Functions Term Paper

Term Paper  |  1 pages (446 words)
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¶ … marketing and sales business functions. In what other areas might descriptive research be used?

Descriptive research, including observations of consumer behavior (for example 'taste tests') or surveys of consumer behavior (such as questionnaires about consumers' buying patterns) can provide a description of current market behavior of a likely target population of a new product, or provide an explanation of buying patterns to marketing and sales teams designing a new campaign. Descriptive research can provide a record of the number of times something occurs, or frequency of a behavior. (Ryerson, 2005) As it lends itself to statistical calculations such as determining the average number of occurrences or central tendencies, can also be used in observed scientific psychological or biological studies of a human or animal population's behavior patterns.

DQ3. What are the differences between a symptom and a problem?

A symptom, such as a patient feeling cold all of the time, cannot be fully solved unless the doctor or patient's treatment team at the hospital knows the problem or the symptom's cause. If the person lives in an unheated house in the winter, the symptom of feeling cold can be immediately treated by putting the patient a warm room and getting the patient public assistance for better housing. However, if a person feels cold because they are underweight, the problem can only…… [read more]


Marketing Management Marketing Mix Product Marketing Plan

Marketing Plan  |  7 pages (2,222 words)
Bibliography Sources: 5

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The online or the soft versions will be sent to the specific organizers who respond to our mails and ask for further clarification. The hard copies will be passed on to the individual organizers who will be visited in the process of marketing the summer camp insurance policy.

The rationale for using this brochure method in creating interest is that… [read more]


What Affects the Marketing Environment Essay

Essay  |  2 pages (758 words)
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Contractual system

Under this system, the different pieces of channels of distribution continue their operation as individual entities. Businesses go into contractual relationships together with other distribution elements in the channel with each of their duties and benefits pointed out before anything.

Administered system

These systems use neither formal contractual nor corporate ownership of the channel of distribution. Here, one member of the distribution channel collects enough power through sheer size in order to effectively control the other activities that are carried out by other channels of distribution (Dontigney, 2006).

Although advertising has become more common in health care, it is still a tactic that generates concern and criticism. The Alliance for Health Care Strategy and Marketing developed a set of voluntary guidelines regarding the concerns and issues that should be considered in health care advertising. There are several guidelines for Health Care Advertising;

Information that can be disclosed in an advertisement includes; general information of a healthcare facility such as its name, location, contacts, facilities and accommodation provided, and charges. The professional services that are available in the healthcare facility can also be disclosed. Accreditation or award announcement such as recognized certification that the healthcare facility has received. On the other hand there is information that is not permitted in advertisement such as comparison either direct or indirect between healthcare facilities. Using superlatives such as latest, the best, state of the art when it comes to describing the services that are available in a facility is not allowed. Testimonials that have been given by patients can not be printed or publicized. Healthcare facilities are also not allowed to use celebrities to promote heir services. The healthcare facilities are also not allowed to display human tissue specimen and photographs such as excised lesions from patients or biopsy parts in their advertisement. Media that is approved for healthcare advertisements are newspapers, magazines, directories, billboards, brochures, banners, and websites.

References

Suttle, R. (2009).Examples of Product Life Cycle Phases. Retrieved June 120, 2014 from http://smallbusiness.chron.com/examples-product-life-cycle-phases-13722.html

Dontigney, E. (2006).Three Types of Vertical Marketing Systems. Retrieved June 120, 2014 from http://smallbusiness.chron.com/three-types-vertical-marketing-systems-64258.html… [read more]


Marketing SLP Target Market Brand Case Study

Case Study  |  4 pages (1,106 words)
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Strengths

Strong Brand

Innovation

Heavily Capitalized

Customer Loyalty

Weaknesses

Environmental Supply Chain Issues

Human Rights Issues in the Supply Chain

Internal Management Issues

Opportunities

Grow Market Share

Find New Product Niches

Continue to Diversify Current Product Mix

Threats

Competitive Industry Pressures

Negative Publicity

Imitation

V. Competitor Analysis

Apple faces fierce competition in all of the various markets in which it operates. For example, in the PC market and accessories, many companies offer similar products. In this market Apple must compete with major market players such as IBM, Dell, HP and Toshiba. There is also a big opportunity in the online media market as a media provider, Apple's iTunes and iPod face pressure from Netflix and other streaming services that are now gaining in popularity. In regards to the smartphone market, the iPhone also faces a high level of competition and Apple is continually competing with companies such as Motorola, Palm, Blackberry, and number of manufactures that have all devoted their operating systems to the Android-Based platform. In each of these markets, Apple's key to success so far is that it has been to differentiate its products and services so that they add value to the consumer, either through brand power or functionality, at offer superior value to the consumer.

VI. Environmental Analysis

Porters Five Force Model

Current Rivalry

Apple's currently rivalry is significantly high; both with the most recently Android-Based phones and the PC world with the introduction of the Windows 8 brand tablets, smartphones, and PCs. With regard to the PC industry, price competition has become one of the dominant factors which makes Apple vulnerable since it is more of a luxury item.

Threat of New Entrants

Apple operates on so many different fronts that the threat of entrants is pretty high; although Apple barely ever knows from which direction. There are many high-tech firms that are constantly innovating and putting pressure on Apple's product mix.

Bargaining Power of Suppliers

Apple's bargaining power with suppliers is relatively high. Apple's current suppliers are behooved to Apple for a core of its business. Therefore, Apple can virtually dictate terms to its suppliers.

Bargaining Power of Buyers

The bargaining power of buyers is high with the exception of those that are locked-in to the Apple platform. The switching costs to some consumers that are only familiar with the Apple platform might prevent them from considering substitute products.

Threat of Substitute Products

Apple's products are very well differentiated from the rest of the market and this is their niche. However, Apple must continue to perpetually innovate to be able to maintain this niche.

VII. Conclusion

Apple is definitely one of the world's premier brands. Its international marketing program will represent the success or failure of it continued growth as its domestic market has become well saturated. Apple must maintain a unified message across cultural boundaries yet offer some flexibility to appeal to regional preferences. However, Apple's appeal, through differentiation, is pretty universal and there should not have to be much customization in the… [read more]


Role of Information Systems in Marketing Term Paper

Term Paper  |  8 pages (2,196 words)
Bibliography Sources: 8

SAMPLE TEXT:

The variance analysis examines the reasons for overages of costs and underages of costs; (Harmon, 2003) (6) Sales analysis -- this is used to examine the distribution of a firm's "sales by region, product, brand, sales territory as well as other matters. (Harmon, 2003) (7) Sales Forecasting -- this is utilized for developing estimates of sales according to product, region, sales territory and other such information. (Harmon, 2003, p. 7) (8) Sales force productivity -- This is utilized in conducting an assessment of the sales force of the organization. (9) Advertising analysis -- this is a method utilized for advertising "effectiveness, media choices and brand awareness." (Harmon, 2003, p. 8) (10) Distribution -- This tool is used for conducting an analysis of channel decisions "from economic and strategies perspectives. (11) Simulation. Simulates decision making under various strategic scenarios. (12) Satisfaction of Customers -- This tool analyzes the issues of the expectations of customer as compared to with outcomes of the product. (Harmon, 2003, p. 8)

Data mining techniques are reported to include such as the following: (1) Market Basket Analysis; (2) cluster analysis; (3) decision trees; (4) Query Tools; (5) Neutral Networks. (Harmon, 2003, p. 9) Online Analytic Processing (OLAP) is reported to be a type of analysis tools and tools that can be used to generate reports from large databases. These tools enable the reporting of data that is "partially aggregated…or full reports" and allows these to be stored in a format that is multidimensional and easy to access and analyze. Geographic Information Marketing Applications are reported to include the following stated applications: (1) Customer location -- linking customer behavioral data from the master files, subscription lists, support and warranty claims, transactions history and identity with time and location information. This is powerful information used in mapping and predicting consumer behavior." (Harmon, 2003, p. 10) (2) Geographic market information -- this can be used to link physical maps and marketing data using classification of country, city, ZIP code or Census tract; (3) Marketing activity location -- this links POS transactions, distribution patterns; direct response results; sales forecasts, advertising expense and other information to geographic location; (4) business location -- this labels business facilities on a map that enables a display of retail density, population density, buying power, and media coverage; (5) Marketing resource location -- this links the assets moving to the physical location using GPS from automobiles, trucks, aircraft and wireless devices. (Harmon, 2003, p. 10) Customer management systems are reported to include 'Sales Force Automation' which is a customer management tools used and reported as "one of the fastest growing elements of the Marketing Information System. The Sales Force Automation tools are integrated applications with the CRM system and involves "the application on information technology to the sales function…to the activities leading to a sale." (Harmon, 2003, p. 11) The field sales process is comprised by various steps leading to a sale and the Marketing Information System supports this process through generating leads, processing sales management and… [read more]


Marketing Research Explain the Difference Essay

Essay  |  2 pages (580 words)
Bibliography Sources: 1+

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Marketing research that is descriptive provides data about an existing situation or state. For example, how consumers view a brand. An example of descriptive marketing research is a propensity score, which indicates how likely is a surveyed consumer to recommend a brand, use a brand, or buy a brand in the future. The diagnostic role of marketing research comes into play when, for example, a promotional campaign is not doing as well as planned and there is opportunity to make real-time changes -- but information about consumer perceptions and actions is needed. Marketing research that has a predictive function collects and synthesizes data for use in a model, for instance computer modeling for a product launch.

4. Marketing research has traditionally been associated with manufacturers of consumer goods. Today, we are experiencing an increasing number of organizations, both profit and nonprofit, using marketing research. Why do you think this trend exists? Give some examples.

Marketing research enables target market segmentation, which typically leads to increased consumer-brand engagement and increased sales. Technological advances have made it possible to collect masses of unstructured data (big data) that can be used for data-based marketing. Social media networking provides a steady stream of consumer information that an be used for deeper insight into customer preferences and needs. Also, the proliferation of products and services, much of which is advertised on digital or mobile platforms, puts an emphasis on differentiation by consumers. Inbound marketing also provides consumer information that can be applied to new promotions.

5. Why are secondary data sometimes preferred to primary data?

Secondary data is less expensive to gather, and if the population was very large in the original study, the data may be more accurate or more valuable… [read more]


Culture and Marketing Strategy Research Paper

Research Paper  |  3 pages (911 words)
Bibliography Sources: 3

SAMPLE TEXT:

The ad does not disclose that this athlete tried several times to become world beater before finally becoming a top notch athlete. The advert portrays the athlete as a champion in the road races and track events. Remember the Cutty Sark advert that failed to disclose that Ted Turner failed at his latest attempt at Yachting's America Cup. Just like the ad that tried to imply that anybody who rents Hertz can be successful like OJ Simpson, the ad implies that one can be successful by drinking this brand of whiskey. The ad uses this sports hero's publicity as the most convenient means to snare consumer's need to achieve. The product advertises itself in superlatives in a bid to make contact with the consumers needs to succeed because the brains behind this ad know that for many consumers, sales and bargains belong in this category of appeals. If you consume a brand that is consumed by successful and established individuals you are also bound to succeed just like them.

Consumer group that the ad excludes

The ad does not appeal to professional sportsmen. It also excludes people who for religious or health reasons do not take alcoholic drinks and would hate to see such advertisements spread all over.

The ad's relationship with cultural values

Sports as a profession disregard the use of drugs unless the drug is prescribed by a physician. Professionals sportsmen are also expected to behave in a certain way that cannot bring disrepute the sports fraternity. Alcohol just like any other drug impairs the normal functioning of our bodies and this can be detrimental to the careers of professional sportsmen. Using a sports personality to endorse a given brand of alcohol is a smack on the face of professional sportsmen and women. Quite a number of them may have wanted to taste this particular brand may be at social events but after seeing one of them used to endorse an alcoholic brand they might as well forego using this brand in totality. How on earth would embrace an idea whose intent is to cut short your career? The advertisers therefore stand to lose the market segment comprising soccer players, athletes, cyclists, baseball players, batsmen to mention but a few. Sportsmen have values they subscribe to that they would not want to be violated.

References List

Altstiel, T & Grow, J. (2006). Advertising Strategy: Creative Tactics From the Outside/In. CA:

Sage.

Petracca, M. & Sorapure, M. (1998). Common Culture: Reading and Writing about American

Popular Culture. Upper Saddle River: Prentice Hall.

Statt, D. (1977). Understanding the Consumer -- A Psychological Approach. London: Macmillan

Press.

Duncan M., (2013). Johnnie Walker From the Future. http://theinspirationroom.com/daily/2013/johnnie-walker-from-the-future/… [read more]


Lenovo FY Development Costs Launch Research Paper

Research Paper  |  3 pages (797 words)
Bibliography Sources: 3

SAMPLE TEXT:

Lenovo

FY

Development Costs

Launch & Market Costs

Forecasted Units Sold

Price

Revenue

Future Value

NPV

$10,032,688

Probability Commercial

Probability Technical

The commercial success of this notebook is questionable, maybe moderate at best. These estimates show that the NPV is going to be over $10 million, but the ten-year life span for the new product does not seem realistic. The life cycle for a notebook computer is a lot less than ten years. So what will end up happening is that in the early years, we can realistically achieve the $400 price point, but after that we will have to discount in the competitive Western markets, and will have to sell for lower prices in emerging markets as well. If we analyze the numbers, the sales are spread out a fair bit, meaning that the ten-year life span is necessary to recoup a ten million NPV. The breakeven point is just over five years away, probably as long as we would want to try selling a new laptop model, again making this a risky project.

Another assumption with which I am uncomfortable is the 6% discount rate. While interest rates are low in the West, Lenovo is based in China, where inflation is running at a fairly high rate, and would be higher if the currency floated freely. So while Lenovo does get some financing from the West, I think its cost of capital is going to be quite a bit higher than 6%, just based on the cost of capital in China in general. A higher discount rate means that the future cash flows are going to be lower. Again, there is a real challenge here with respect to maintaining the $10 million NPV figure.

Part 2. The current Lenovo brand is already well-associated with notebook computers, and in fact it is one of the brand leaders (IDC, 2013). The key is that there needs to be a little cross-marketing, for example with the manufacturer of the operating system, which in this case is Microsoft. All of the competitors use this OS as well so the Lenovo brand has to be able to differentiate itself.

The brand strategy therefore needs to emphasize how Lenovo is now the market leader in laptops and how it offers incredible value. This will place emphasis on the established positioning of Lenovo within the marketplace, especially vs. its closest competitors. This is…… [read more]


Promotion Colgate Kitchen Entrees Term Paper

Term Paper  |  6 pages (2,134 words)
Bibliography Sources: 5

SAMPLE TEXT:

Promotion

Colgate Kitchen Entrees was listed as one of the biggest product flops of all-time (Daily Finance, 2013). The product was launched in 1982, and enjoyed no success at all. The product was frozen food, and the idea behind it was that there was synergy between the eating food and brushing teeth. The synergy made no sense to consumers, and… [read more]


Marketing IMC for the HP Marketing Plan

Marketing Plan  |  3 pages (870 words)
Bibliography Sources: 3

SAMPLE TEXT:

The lessons will allow for feedback, and new lessons or tutorials will be released every week. The empowerment will be supported though social networking media, including a highly interactive Facebook page where users can get advice and tips. The users will also receive an invitation to join the 'exclusive' Slater users group, which will be an online forum with a unique URL, where they will get advance notice of new apps that may be useful and new on their slate, as well as be able to give feedback on their experiences.

Slide 4

The initial print advertisement will support the idea of empowerment, with the tag line for whoever you are and whatever you want to do. The bottom of the advert will give details of where support and tutorials can be found, including the company Slate web page, the Facebook page, the You Tube channel. The advert may also incorporate a QR code. Later advertisements will build in this idea and show different uses.

Slide 5

The TV advertising will focus in the different uses, how people will benefit from having a Slate. The storyboard above show how this may be achieved, obviously Beanie may be changed for another character, showing real people using the tablet. The advert will start with an individual looking lost, and then pan to another, who looks confident and empowered, using their slate, with screen shots of the Slate inserted and showing the way it is used. This may include accessing local knowledge and looking up information, using the Slater for entertainment, which may show the individual on transport watching a film, they may then see something newsworthy and take a picture. They then edit the image on the Slate and send it to a new outlet, and receive payment. The Slate is shown as up-to-date and useful, a tool for users to make their life easier.

Later advertisements may include feedback from real users, saying how useful they find the device, especially after using the online tutorials, helping them get the most out of their Slate.

Slide 6

Bill boards will use a similar strategy to the print advertisements. They will be placed in areas where there is a lot of passing traffic, areas where there is a high level of congestion and location near shopping and office areas. The key is to ensure not only that the location have a… [read more]


Advertising Creative Principles Essay

Essay  |  8 pages (2,741 words)
Style: Harvard  |  Bibliography Sources: 10

SAMPLE TEXT:

Management Information Systems

Creative Principles

Advertising: Creative Principles

Advertising is the art of selling. It is not only colors, graphics and visuals that are increasingly becoming the central focus of advertisements today. The gender differences are used in advertisement since decades. Everyday thousands of advertisements are run on different channels and printed on magazines. There are hidden yet noticeable messages… [read more]


Marketing Plan Relaunch Essay

Essay  |  3 pages (1,440 words)
Style: Harvard  |  Bibliography Sources: 3

SAMPLE TEXT:

Marketing Plan Reluanch

Re-launch Plan for the RSP-150 Solar Power Maintainer

Re-launch Plan Goals and Milestones

Implicit in the re-launch of any existing product or service is the need to more closely define its unique value proposition (UVP), competitive and market position, and first re-assess and then strengthen its core messaging strategies. The essence of any successful product re-launch is… [read more]


Marketing Plan for a Company Marketing Plan

Marketing Plan  |  15 pages (4,494 words)
Bibliography Sources: 5

SAMPLE TEXT:

Marketing Plan

This marketing plan is for Starbucks, to guide the company to its revenue and growth objectives. The plan focuses on the cash cow market on the United States and the high growth market of China as twin means by which the company's overall strategic objectives will be achieved. These two work in concert because the cash generated in… [read more]


Marketing Plan of My Company Term Paper

Term Paper  |  6 pages (2,233 words)
Bibliography Sources: 6

SAMPLE TEXT:

Business Plan

Marketing Plan

Business plan of Mochalicious

Business PLAN i

This assignment is based on the new business of a coffee shop, which is going to be opened in Australia, where people love to drink coffee, and it is the lifestyle of Australians. The name of the company is MOCHALICIOUS. Furthermore, this report will provide the background of the… [read more]


Marketing Plan for a Sleep Center Marketing Plan

Marketing Plan  |  2 pages (613 words)
Style: MLA  |  Bibliography Sources: 1

SAMPLE TEXT:

Marketing

Monitoring and Evaluation

There are a number of good performance measures that can be used to test the effectiveness of a marketing plan. Indirect measures include revenues (have they increased?) or profits (did high-margin customers increase?). For the most part, however, measures about the effectiveness of a marketing plan should be based on marketing-specific metrics.

For Dr. Sleep, this likely involves customer surveys, non-customer surveys and analysis of sales data. The surveys can be used to reveal a wide range of information. Brand exposure is a key area of concern, and can be best measured with a survey of people how are in the target market, but are not currently customers. It is valuable to know how much exposure the brand has. Additionally, these same respondents can be questioned about their likeliness to use such a service in general. This is because while the respondent is captured is a good opportunity to learn about the likelihood of non-customers to become customers.

Surveys of customers can focus less on brand exposure (they've heard of us) and more on other metrics. It is valuable to know how well the marketing program sold people and convinced them to become customers. It is worth testing the influence of different elements of the marketing plan. For example, was it simply enough to plant the seed of seeing a sleep therapy service that convinced them to spend their money with Dr. Sleep? Or, were they already considering a similar service and some element of the marketing plan (price, etc.) convinced them to choose Dr. Sleep over other competitors.

In addition, customer satisfaction surveys can test the effectiveness of the product/service offering itself in the marketing mix. In a sense, we do not need repeat customers, since that would imply failure on our part, but we do want referrals. Thus, we can…… [read more]


Societal Marketing Concepts Term Paper

Term Paper  |  5 pages (1,542 words)
Bibliography Sources: 7

SAMPLE TEXT:

Societal Marketing Concepts

Over the last several years, social marketing has become an important concept that is increasingly utilized to reach out to new customers. This is because this medium has grown exponentially with more people using it as a way to learn about new products and to stay connected with each other. However, the majority of firms claim to… [read more]


Impact of Social Media on the Advertising Competitiveness of Small Businesses Multiple Chapters

Multiple Chapters  |  25 pages (6,661 words)
Bibliography Sources: 15

SAMPLE TEXT:

¶ … Social Media on the Advertising Competitiveness of Small Businesses

Limitation and Delimitation

Significance

Results and Major Findings

Tactics

Word of Mouth

Communicating with Customers

Considerations

Implications of Study in Organization

Attracting New Customers Right When They want to Make a Purchase

Helps Businesses Engage their Customers

Helps the Organization to Outsmart their Competition

Enables an Organization to Offer… [read more]


Marketing Spin to Match Essay

Essay  |  2 pages (698 words)
Bibliography Sources: 0

SAMPLE TEXT:

I would be the first person ever in my family to obtain a graduate degree.

Q2. What are the contributions you will make to the program and how will your experience and expectations benefit classmates and the EMBA program?

My unique perspective would enable me to contribute a multifaceted cultural and historical perspective to the history and practice of business. My formal marketing career began in 1989 so I have witnessed firsthand the dramatic historical shift that occurred with the transition from pre-Internet to post-Internet marketing. This has made me uniquely aware of the differences between marketing in the 20th century and marketing in the 21st century. I pride myself in being forward-thinking and while I have worked to promote products via more traditional marketing channels, I am acutely aware of the shift that has occurred in marketing in terms of how products and services are showcased and how consumers relate to those services and products. Branding and brand definitions have changed and become more interactive and relationship-based. However, the human elements of managing workers and clients through cross-functional teams and in B2B and B2C relationships still are based upon timeless principles of customer segmentation and demonstrated value.

I have also worked in a variety of high-pressured settings, both for advertising agencies and for corporate clients in fields spanning from telecommunications to the food industry. I would be an invaluable resource for my student colleagues who were interested about exploring new career paths and help them understand the similarities and differences between different occupational settings in the field of marketing. Also, on a personal level, marketing requires the ability to be both 'left brained' in terms of keeping an eye on technical specifications and the bottom line but also to be 'right brained' enough to see the world from a completely different perspective. I believe I exhibit both of these qualities in my skill set and character profile and hope to use my organizational and communication skills to be an asset in the classroom.… [read more]


30 60 90 Day Sales Plan Business Development Specialist Marketing Plan

Marketing Plan  |  1 pages (380 words)
Bibliography Sources: 1+

SAMPLE TEXT:

¶ … Sales Plan for a Business Development Specialist

Day Plan

Define monthly goals for discovery calls, product demonstrations and cold calls and include in Salesforce.com for tracking and review.

Meet with each Senior Sales Manager and determine their 30, 60 and 90 days objective, their yearly quota, and their expectations of what a Business Development Specialist assists them with.

Meet with the VP of Marketing and discuss the role of Business Development Specialist to see how best my role and their department can work together. Goals of this meeting are to also discuss how best to use collateral and other marketing materials throughout the sales process, and to see which marketing meetings that Business Development Specialists need to be involved in.

Meet with product marketing and product management to gain insights into products and services, and understand their competitive positioning in the market.

Create sales support plans for each Senior Sales Manager as a result of activities during the month and define a project plan for each. It is anticipated each Senior Sales Manager will have significantly different needs and will need completely different support strategies as a result.…… [read more]


Islamic Marketing Strategy Article

Article  |  19 pages (5,870 words)
Bibliography Sources: 15

SAMPLE TEXT:

(Miller, 1996) This is to differentiate the Islamic production process such that the Islamic process considers the impact the product would have on the whole society. Thus, more importance is given to the welfare of the society and satisfying human needs. (Al-Faruqi, 1992)

2.1.4 False advertisements prohibited.

The idea of propaganda through the media is prohibited in Islam. (Hassan et.al,… [read more]


Oakley Pro-Lenses Marketing Plan Marketing Plan

Marketing Plan  |  4 pages (1,189 words)
Style: Chicago  |  Bibliography Sources: 3

SAMPLE TEXT:

Besides providing modern glasses, we will also create special glasses according to our clients' preferences, using customization at an affordable price.

What differentiates our product from others offered by our market is the innovative technology. Our interest is to surprise the customers with unique, smart glasses which will make not only look good but will also save time and avoid stress. These types of glasses are intended for people who want both themselves and their lifestyle to be unique and modern.

Competiton.

Even though for Oakley Prolenses we don't have direct competitors; our competition is an indirect one, being represented by the well-known brands of sunglasses such as a Ray-Ban, Prada, Polaroid etc.

Objectives

Our objective is to promote a new type of sunglasses: smart, modern, having a unique technology especially designed for people who are open-minded, having a busy lifestyle, full of energy and who know that technology can make your day! Also, another objective is to increase our market share, becoming the leaders on the market.

Oakley ProLenses wants to make an easier and more comfortable life for all consumers. Considering that the product is new on the market and doesn't have any competition, one of Oakley's objectives is to be the market leader in sun glasses and to implement the latest technology.

Positioning

In order to have success, Oakley Pro-Lenses needs to position itself in the mind of the consumer as a high-quality product. We want our product to catch the interest of those passing by, even though they are not even looking for this product: this is why we intend to open our own small shop in the center of each city. Another channel of distribution will be represented by our online web page, through which we will transmit our customers all necessary information about the products: price, products catalogues, transportation.

Promotion

As we mentioned earlier, we considered that our product addresses mainly tyoung people in who have an active lifestyle. But we want a wider variety of people to be familiar with our brand. This is why we decided to adopt an out of home (outdoor) media type, meaning we will try to reach people in public places through flyers. The main purpose of these flyers will be first of all, to announce the opening of our shop, taking into account that people should be aware that we provide a different kind of product. Also, we want to transmit the main reason for which people should visit our store: our sun glasses are unique.

Considering our innovative product, we must take into consideration sales promotion techniques in order to attract more clients. This is why we planned an attention-getting consumer promotion, through which we will offer those purchasing our product a free pair of normal Oakley sunglasses.

Market Strategy

Therefore, considering our product, we decided to choose pricing as a strategy. This means that we will pay careful attention to regular sunglasses offered by the competition earlier in the project (considering that they are selling… [read more]


Marketing Mix and Kindle Fire Essay

Essay  |  5 pages (1,638 words)
Bibliography Sources: 3

SAMPLE TEXT:

This can best be seen with the pricing strategies of the Kindle Fire and the Nook Tablet, which are both priced at $159 and offer almost identical features. The competition between these two tablet providers forces them to meet each other's prices. As such, the consumer is left to determine which tablet he or she will purchase based on other factors such as brand loyalty, personal selling, or word-of-mouth advertising.

While the bargaining power of sellers is relatively high, the bargaining power of buyers is relatively low to medium. Amazon must price its products so that the consumer is happy with the pricing and they do not look to any of Amazon's competitors for less expensive substitutes. However, many times, product pricing is not determined by Amazon itself and instead determined by the bargaining power of its competitors. As such, the competition between suppliers benefits the consumer.

The last force that must be analyzed is the amount of competition Amazon's Kindle Fire experiences from rival service providers. As stated previously, the competition between the Kindle Fire and the Nook Tablet is relatively high. Because of this, the Kindle Fire almost immediately meets any pricing change among its competitors. This high level of competition requires the Kindle Fire to constantly be monitoring how its competitors perform and any new services or products that are introduced into the market.

Using the marketing mix in conjunction with the analysis of Porter's five forces allows a marketing specialist to come up with a marketing plan that is tailored to the company offering the product and tailored to the demographic the product is being marketed to.

References

Colbert, F., Nantel, J., Bilodeau, S., Rich, J.D. (2001). Marketing Culture and the Arts. 2nd

Edition. Quebec: Ecole des Hautes Etudes Commerciales (HEC).

Kindle Fire. (2012). Amazon.com. Accessed 5 November 2012, from http://www.amazon.com/Kindle-Fire-Amazon-tablet/dp/B0083Q04IQ

Kingsley-Hughes, A. (2012, 5 May). Kindle Fire is the iPad's latest casualty. Forbes. Accessed 5 November 2012, from http://www.forbes.com/sites/adriankingsleyhughes/2012/05/05/kindle-fire-is-the-ipads-latest-casualty/

Nook Tablet. (n.d.). Barnes and Noble.…… [read more]


Sponsorship Proposal Essay

Essay  |  5 pages (1,456 words)
Bibliography Sources: 5

SAMPLE TEXT:

Sponsorship Proposal

Marketing Plan

Go-Go Music Show is a live music performance that has established itself as a premier event in Washington DC. The event, which is now entering its 31st jubilee, showcases remarkable performances from renowned artists across the globe. The festival presents a fantastic opportunity for those present to free and relax their minds from busy work environment… [read more]


Marketing a Concise Executive Summary Essay

Essay  |  5 pages (1,508 words)
Bibliography Sources: 0

SAMPLE TEXT:

a. The expected drawbacks of the recommended solution and the key major impediment

By targeting one specific market, Rosso would be branding his product accordingly. Choosing one option prevents him from slanting his product to numerous other categories of consumers that may be interested in buying the product.

More so, Rosso will be theoretically targeting a small population -- hipster -- who like to consider themselves unique. To be unique, this necessitates that the brand not be widely diffused. Rosso is intending to do that but it also spells less sales. This is reinforced by the fact that Rosso is targeting a luxury market. In other words, Rosso has so tightly limited his market that he may be limiting his sales too. The brand -- and the work involved (including the original TV and print advertisements) -- will potentially be expensive. We would hope that Rosso makes some profit as a result…… [read more]


Marketing Environment: Based on the Specific Source Essay

Essay  |  3 pages (930 words)
Bibliography Sources: 3

SAMPLE TEXT:

Marketing Environment:

Based on the specific source used, marketing can be described in various ways though it basically refers to the process of planning and executing the formation, pricing, promotion, and allocation of ideas, products, and services to develop exchanges that meet individual and organizational objectives. Notably, this process of establishing a market for products and/or services is dependent on market research. Generally, the marketing process is geared towards the fulfillment of a firm's objectives while providing a means for fulfilling the needs and demands of customers as well as stakeholders. Notably, the fulfillment of the stockholders' and customers' needs is also driven towards providing a means of profit for the organization.

Marketing for the Hershey Company:

The Hershey Company is largest producer of quality chocolate within the North American region and the worldwide leader in chocolate and sugar confectionary. In addition to chocolate and confectionary goods, the firm's principal product groups include food and beverage enhancers like baking ingredients, and mint and gum refreshment items ("The Hershey Company," 2009). Throughout its global operations, the company functions as a single reportable portion in producing, marketing, selling, and distributing several packages of its variety of products in over 80 brand names.

The Hershey Company has divided the selling and marketing of the organization into three different segments i.e. Hershey North America, Global Marketing Group, and Hershey International. These segments are responsible for leveraging the firm's marketing and sales leadership in America and Canada, focus on important strategic growth areas in international markets, and develop capabilities that maximizes on unique customer trends. Notably, the company's marketplace extends from its supply chain to the customers enjoying the goods.

Marketing Environment Forces:

In its marketing initiatives, the Hershey Company product and services is likely to be impacted by some marketing environment forces. The three marketing environment forces that will impact the firm's marketing of products and services include economic, societal, and technological factors. The societal forces are factors that basically contribute to changing demands for a product or service. The Hershey Company will be affected by societal forces because marketers have the task of providing products or services that the society wants while lessening what they don't want. As a result, marketers are responsible for change products or services based on the changing societal needs. For instance, the society has become increasingly concerned with the need for healthy diet products that contribute to the need for manufacturing sugar-free, minimal fat, and lessened calorie offerings in the chocolate industry (Sena, n.d.).

The likelihood of the impact of economic forces originates from the need for marketers to change their marketing mix as the economy undergoes through various stages of the product life cycle. In most cases, the buyer patterns and behaviors are different depending on underlying conditions of economic growth. Some…… [read more]


International Marketing Communication Perspective Research Paper

Research Paper  |  4 pages (1,871 words)
Bibliography Sources: 15

SAMPLE TEXT:

To build a healthy relationship between a buyer and a seller there ought to be a clear understanding between the two parties.

Recommendations

In international marketing cultural diversity is a key requirement for the marketing personnel handling cross border advertisements. The diversity will ensure that the advertising plans are in line with the regulations in the multiple countries different marketing efforts will be run. In this case, the UAE has a number of similarities with Indonesia. Both countries are predominantly Muslim. As a result, the demand for a Halal Certification in any food product is pertinent. However, the approach of implementation of a marketing program may vary to fit into the detailed regulation of the two countries.

References

Amant, K., & Kelsey, S. 2012. Computer-Mediated Communication across Cultures:

International Interactions in Online Environments. Hershey, PA: Information Science

Reference.

Cohen, W.A. 2006, The Marketing Plan (5th ed.). Hoboken, NJ: J. Wiley & Sons.

Donnelly, R., Harrison, G., & Megicks, P. 2009, The Marketing Planning Process. Burlington:

Elsevier.

Feraco, PT. 2002, Eastern Indonesia: the great challenge for investment.. 2002. Jakarta: Office

of the State Minister for Acceleration of Eastern Indonesia Development.

Frith, K.T. 1996, Advertising In Asia: Communication, Culture, And Consumption. Ames: Iowa

Gasper, D. 2004, Doing Business with Indonesia: Investment Regulations & Commercial

Strategies. Hong Kong: Asia Law & Practice.

Go, F.M., & Govers, R. 2011, International Place Branding Yearbook 2011 Managing

Reputational Risk. Basingstoke: Palgrave Macmillan.

Govers, R. 2009. Place Branding; Global, Virtual And Physical Identities, Constructed,

Imagined And Experienced. Basingstoke: Palgrave Macmillan.

Ministry of Culture & Touris, 2008, Guide to filming in Indonesia: the Indonesian cinema

industry directory, 2008, Jakarta, Indonesia: Ministry of Culture & Tourism

IBP USA, 2007, Indonesia Business Law Handbook. Int'l Business Publications

Lesher, M. 2012, The OECD Regulatory Reform Review of Indonesia Market Openness. Paris:

OECD Publishing.

Low, L. 2012. Abu Dhabi's Vision 2030 An Ongoing Journey of Economic Development..

Singapore: World Scientific.

Meek, R., Nicholson, F., & Sherratt, A. 2009, Managing Marketing. Burlington: Elsevier.

Rehman, A.A. 2008, Dubai & Co.: Global strategies for doing business in the Gulf States. New York: McGraw-Hill.

Sen, K., & Hill, D.T. 2000. Media, culture…… [read more]


Marketing Management Essay

Essay  |  4 pages (1,232 words)
Bibliography Sources: 0

SAMPLE TEXT:

Marketing Management

The following are several links to the recent controversy over Chick-Fil -- a stance on same-sex marriage. Please read each article and summarize in 2 paragraphs if you feel Chick-Fil -- a stance hindered or helped sales?

The controversy of Chick-fil -- a CEO Dan Cathy stating he believes and supports the biblical definition of marriage and the immediate reactionary response from gay groups shows how just how divisive the issue of gay rights and marriage is in the United States. After reading Huffington Post and Washington Post, an interest paradox emerges. The stance of Dan Cathy against gay marriage and his support of organizations that promote the Christian definition of a family have become a lightening rod for gay rights activists. Reading between the lines of both articles one can't help but compare the assiduous pursuit of rights the gay activists are pursuing to the peaceful and reasoned approach of Dr. Martin Luther King during the civil rights movement of the last century. Comparing both, the gay rights activists appear to look for a slight or insult; they scour quotes from company and industry leaders looking for evidence of prejudice.

Within the context of this paradox is a huge sales windfall for Chick-fil-a. The attacks of the gay activists, instead of being presented with logic and reason as Dr. King would have done, are scattered in shotgun-like fashion across the media, where attention appears to be more important to activists than changing the sentiment of Dan Cathy. Widely perceived as an attack and with the prompting of former Governor Huckabee, the store set a record in sales during a day that was supposed to be a major boycott. This paradox just made Dan Cathy, his family and his employees -- everyone involved in the company -- richer, more financially stable and fiscally able to weather uncertainty. The attacks of the gay rights activists were not aimed at changing hearts and minds, it was meant to shame a conservative businessman who happens to believe in traditional marriage. Ironically when activists attack a brand people love, customers rush to the aid of the businesses they trust and admire. This is exactly what happened.

Question 2: Distinguish clearly between a marketing strategy and marketing mix. Use an example.

A marketing strategy requires the orchestration of multiple platforms, communication channels, both inline and offline, in addition to extensive use of multiple types of electronic and social media channels. A marketing mix is the combining of product, price, promotion and place or distribution to attain a marketing objective. An example of this would be the integrated marketing campaigns of Disney when a new film is released. Their marketing strategy often includes every form of digital and television communications channels, from their own network to local access channels, in addition to having extensive website and social media fan pages on Facebook created as well. All of these channels are coordinated to a common message and unique value proposition, or the key factors that… [read more]


Customer Segmentation Literature Review Chapter

Literature Review Chapter  |  4 pages (1,345 words)
Bibliography Sources: 5

SAMPLE TEXT:

Almost all the customers in the segment have access to available forms of communication. The producer can use the internet to promote the product. The use of the internet ensures that the customer has access to all products produced by the company. Magazines and newspapers are among the print media used for advertisement. Television advertisements made by the company and aired regularly to ensure that many people view the advertisement. The use of the internet is the most efficient mode of communication especially among the high-income earners. Television advertisements are effective among the middle-income earners. Printed media is a favorable mode of advertisement among low-income earners (Bailey, Baines, Wilson, & Clark, 2009).

Customers respond differently to the advertisement made by the producer. The customers who use the internet frequently ask questions through the website. The use of the website enables customers to evaluate the features of the product. The company uses customer care representatives to interact with the customers. This mode of communication is preferred to its reliability and cost effectiveness. The customers who prefer television advertisement follow up the advertisement by calling the number displayed on the screen or visiting the company's website. Low-income users may read more about the product from the printed media and contact the producer through telephone calls and social media. The company can carry out a survey to evaluate the source of the information about the product. This survey will enable the company to market its products through appropriate means that suit the customers in the segment. The management can also collect information from the follow up to improve the advertisement used (Dibb & Simkin, 2009).

Customer segmentation plan

This is the mode of marketing where the organization evaluates the available segments in the market and the effective way to communicate. Communicating to customers for marketing research ensures that the right information is collected. The management can evaluate the use the internet to evaluate the number of customers visiting the website to determine its traffic. Understanding the segment market and the appropriate mode of advertising to use saves the organization money. Toyota's position in the global market is credited to extensive advertising and promotion of its products. The company mainly uses the internet to communicate with its customers. This mode of communication enables the company to market its products over a wide geographical area.

The communication between the customers and company representatives improves brand awareness and customer relations. The company has benefited from the use of the internet to produce products that address the needs of the customer. The internet has enabled the company to penetrate the market, which has promoted sales. The company has been able to venture into new markets by producing products that are suited for a segment in the market. Demand for off-road vehicles in Africa is among the success stories of the company. The demand for cheap off-road vehicles has enabled the manufacture to cater for this niche market and gain a competitive advantage over other companies in the… [read more]


Marketing Decisions and Strategies Embraced Business Proposal

Business Proposal  |  6 pages (1,836 words)
Bibliography Sources: 6

SAMPLE TEXT:

Marketing Decisions and Strategies Embraced in Marketing

Marketing Mix and Marketing Strategy

Product Strategy

Pricing strategy

Promotional Strategy

Market Targeting

Companies have to come up with marketing strategies consistent with an organization's strategy because absence of a marketing strategy undermines such companies' effort to attract customers. A company's marketing strategy must be one that ensures that the products and services… [read more]


Marketing Internet TV -- Present Term Paper

Term Paper  |  4 pages (1,176 words)
Bibliography Sources: 5

SAMPLE TEXT:

Studies reveal that prominent placements can negatively impact brand attitudes of viewers who report high levels of program liking (Cowley & Barron, 2008). Furthermore, when a product is placed more subtlety into the content there is far less risk of a negative experience.

However, some of the most blatant product placement advertisements have also been successful. One excellent example of product placement can be provided by the Transformer movie series. General Motors provided the cars that were used in a movie about vehicles that transform into evil-fighting robots (Movie Biz, 2007). In this arrangement GM did not even have to pay for their cars to be included in the film. Rather they provided roughly a million dollars' worth of vehicles and equipment as well as agreed to pay for some of the movies promotional material that featured their vehicles.

The GM cars in the movie are actually the central characters which are somewhat abnormal for most product placement projects. The amount of exposure that the brand gained through this medium is enormous since the movie became a blockbuster and the central characters were the heroes of the film. The target audience was composed of the younger demographics and the movie presented the cars as "cool" (Associated Press, 2007). Although, this demographic is the target, the movie also works to influence the opinions of other demographics such as the baby boomers who still wish to be "cool."

Conclusion

With the exponentially expanding use of the internet for content delivery, advertisers will have to become more creative to deliver a message. Most consumers now have technology that allows them to block marketing interruptions and the future of the thirty second add is grim at best. Utilizing product placements directly in the content is one option to bypass the role that technology is playing. Yet the research based on the effectiveness of product placements is fairly mixed and still developing. There have been many successful uses of the medium however there have been an equal number of failures. Some consumers exude negative responses to a brand if it is blatantly being marketed in their favorite programming; while others are more responsive when a product enters their favorite programming. Furthermore, it was also identified that, in general, the more subtle the placement is then the less likely it is to have a negative response. However, if it is too subtle then the consumer might not even notice it. The combinations of these factors make product placement a complex route for marketing and still one that is being developed.

Works Cited

Associated Press. (2007, July 3). 'Transformers' a GM ad in disguise. Retrieved from NBC News: http://www.msnbc.msn.com/id/19562215/ns/business-autos/t/transformers-gm-ad-disguise/

Cowley. (2011). The Ubiquitous Product Placement. Sydney: The University of Sydney.

Cowley, E., & Barron, C. (2008). When Product Placement Goes Wrong: The Effects of Program Liking and Placement Prominence. Journal of Advertising, 89-98.

Google TV. (2012). How it works. Retrieved July 22, 2012, from Google TV: http://www.google.com/tv/features.html

Google TV. (2012). What you can watch. Retrieved July 22,… [read more]


Nike Women Sporty Jeans Marketing Plan

Marketing Plan  |  16 pages (5,060 words)
Style: APA  |  Bibliography Sources: 10

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Nike Women Sporty Jeans

Marketing Plan: Nike Women Sporty Jean

Nike is a significant company in the athletic clothing market. While it is most closely associated with shoes, the company also offers other clothing options for those who need and want work-out gear, running shorts, and other options (Nike, 2012). However, Nike is more than just an athletic brand. The… [read more]


Advergaming and Mobile Advertising Research Paper

Research Paper  |  2 pages (939 words)
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Advergaming and Mobile Advertising

Of the many companies successfully using advergames in 2012, one of the clear leaders is the Walt Disney Company. As the company has over a dozen brands or characters they actively market with many of them worth well over $1B in sales annually (Rocks, 2007), Disney has a rich legacy and series of branding assets to draw from in creating their advergames and integrating them to mobile strategies. Their most pervasive theme is the use of Mickey and Minnie in various adventures and scenarios meant to make them more familiar to the youngest members of their customer base, typically those children below 5 years of age. The games are designed to allow for adult supervision. Disney hasn't integrated all games to mobile marketing, yet many of the ones specifically designed for generating interest in the amusement parks globally have this unique attribute (Edwards, Grover, 2011).

Analysis of the Mickey and Minnie Block Blast Game

The Mickey and Minnie Block Blast Game is designed to get young prospective customers involved in the basic tactile functions necessary to navigate the more complex Disney games while making the characters recognizable in the context of the Disney brand. The needs of educating consumers about what Mickey and Minnie are doing to feed their dog Pluto (showing responsibility for taking care of pets) and the need for quickly reaction times to win at games are both illustrated in this game. Disney is also attempting to show how a team can work together to accomplish more, with immediate feedback on progress. The concept of shared task ownership necessary for accomplishment is also communicated in the game. Disney is deliberately creating these fundamental concepts of human behavior to make the game acceptable and attractive to parents, who are the decision-makers on this game used by children. The game is also is designed to bring the person playing it into the lives of each character in a fun and playful way, showing how each person's reaction and effort pays off. The game succeeds in creating the opportunity for a prospective customer to find their role in a Disney series of brands, and at the very least finding their favorite character.

Second, the game makes excellent use of the Disney core branding assets, not overdoing their presentation but making the customer experience and usability of the game highly effective. The game also relied on the traditional, iconic imaging of Disney by having even the cursor appear as Disney ears as the load progress continues. All aspects of the game are aligned to create a memorable and fun experience for the player, in addition to showing them that the light, colorful and bright world of Disney is intuitively easy and inviting to visit. All of these factors together are also meant to further underscore how…… [read more]


Holistic Relationship Marketing Essay

Essay  |  10 pages (3,594 words)
Bibliography Sources: 7

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In doing and creating all these systems to better support customer relations and external relationship marketing these same businesses began to notice a missing link in the process, which was that employees who were not happy and invested found it far more difficult than those who were to be positive in every customer relations encounter. From this recognition came a… [read more]


Breathalyzer the Overall Strategy Is to Increase Marketing Plan

Marketing Plan  |  2 pages (518 words)
Bibliography Sources: 0

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Breathalyzer

The overall strategy is to increase awareness of the product, and to increase penetration of the market.

The product is a one-time use breathalyzer, a device that gives a reading of blood alcohol content (BAC) to the user.

The objectives of the marketing strategy are to create a strong brand, build a stronger customer base and increase sales.

Market Analysis

There are two target markets. The first consists of bar owners, who will then make the product available to patrons. The second consists of males aged 21-40. This demographic is the most likely to drink outside of the home in the type of quantities that will facilitate inebriation. Primarily middle class customers will be targeted

The end user for both target markets will consist of males, aged 21-40, middle income, high school or college completion, all ethnicities.

The psychographic will include people who are heavy drinkers, but who are responsible, or perhaps who have had trouble before with too much drinking and driving.

3. This is not really a niche market -- the company only makes 95 cents per unit gross so selling high volume is imperative.

B. 1. There are a wide range of breathalyzers for sale, at a wide range of prices. For five bucks, there are no competitors in that price range but cheap keychain models sell for around $10.

2. The main strength of the company is the ability to produce this product so cheaply. The brand is unknown, there is no set distribution, and product quality is probably low compared to other competitors.…… [read more]


Marketing Communication Strategy Case Case Study

Case Study  |  6 pages (1,575 words)
Bibliography Sources: 6

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Zara's marketing strategy is also unique; it lacks image advertising and does so far less than its competitors; instead relying on word of mouth and the store's reputation as its marketing campaign. The international fashion company has also been extremely good at adapting itself for different countries, masking itself and its humble Spanish origin.

Question 3: Do you think Zara's marketing communication strategy of a lack of image advertising and promotion compared to competitors in the same category is a sensible one?

Zara's lack of a marketing communication strategy seems to be absolutely foolish, but may work in its particular sector through word of mouth and location alone. By being in the vicinity of other stores similar to Zara, business is inevitably split between the two, and Zara is able to benefit from no mass advertising budget like the other stores put forward. By centering its stores in highly visible shopping districts wherever it opens, Zara has been able to maintain constant expansion and growth for 20 years. If an advertising and image campaign were started, it is difficult to decide what would set Zara apart from its competitors, as taking a decisive campaign to label itself one way or another may alter the future of the entire Zara brand. Zara refuses to use celebrities as their competitor H&M has employed, as celebrities are hardly representations of a brand anymore and are mostly representing themselves and their own endeavors at any given time. Zara's lack of marketing strategy may just be a result of its fast growth and international focus, without centering on a base for support the brand is…… [read more]

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