Despite proven correlations between higher sales and customer concepts being integral to a company's culture, it is only the first step in implementing the marketing concept according to Ajay K. Kohli, Bernard J. Jaworski (1990). The next step according to these researchers is the ability to focus away purely from incremental sales and focus on profitability and the lifetime value of customers, which is the true basis of success for any company adopting the marketing concept and in turn aligning all processes, products, people and resources to align with the concept's key values.
Variations in the Marketing Concept vs. Selling
Levitt (1975) brings an excellent distinction to the differences between organizations that create the marketing concept as a core part of their organizations vs. simply using key values from the concept as an accelerated sales strategy. Levitt (1975) remarked in his landmark article...
Marketing Sports Drink In today's current marketplace, there is stiff competition among sports drink manufacturers. Our company has developed a product with an edge on the competition. The product is a sports drink that comes in a container that effectively keeps the drink cold for approximately six hours. In order for sales of this product to succeed in the marketplace, it is necessary for our company to devise effective strategies for
Marketing Plan Description of the Product The product is coffee, or specifically it is high end coffee, expertly roasted and made available to coffee shops, institutional customers and retail customers over the Internet. There are several elements to the product. The first is the beans, which are sourced from equatorial regions around the world. There are different breeds and cultivars of coffee available on the market. Coffee, like wine grapes, picks up
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This is why those service providers to other businesses often stress customer results in the core industries they compete in. These customer successes show the depth of expertise in a given area. These success stories make services tangible to customers. Marketing strategies used to support this approach include the widespread use of video and interactive online materials to show the problems solved and results delivered with a service. The
Although a corporation has developed successful marketing strategies to sell the products it is producing, its marketing plan will probably be a limiting factor in attaining its set objectives, this necessitates the need to have a good sales force to help in the process of acquiring able personnel to be among the corporation's future customers and boost sales. The outline includes the character, welfare, knowledge, training and inspiration of the
Marketing Effectiveness Memo: Marketing is an important aspect of every business, especially hospitality establishments because they operate in an increasingly competitive market. Every business should develop effective marketing strategies that are geared towards attracting customers. When developing marketing strategies, the focus of the initiatives should be ensuring that the product and/or service meets the demands of customers. These marketing initiatives should also act as the foundation for developing and sustaining long-term
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