¶ … marketing industry introduces people to the belief that they need to acquire a specific product because of this or that benefit. As a result of the marketing campaign, people may start developing a feeling of want, allowing themselves to be convinced that the product in question is imperious for their well being. It is through these strategic techniques that people's perceptions are influenced. And it is because of such strategies that, more than in one occasion, people end up purchasing products they don't really need. However, in certain circumstances, it just so happens that an advertisement meets people's needs and, as a result, the circumstances have created relevant opportunities. In this essay, the key words are need, want, and opportunities which we will be addressing in terms of concepts and strategies. We will provide specific examples to substantiate our research. Consumer behavior is dependent of a multitude of factors that, whether we know it or not, influences our perception over things. Of course, financial possibilities may be the most relevant aspect in either purchasing or refusing to buy a product. However, personal attitude and values, social and cultural backgrounds are also an influence on consumer behavior and, what's most important is that they may work on a subconscious level more than consciously. For the marketing industry to be able to come up with opportunities that meet people's actual needs, it is important that these needs are assessed properly. But marketing usually addresses consumer's behavior which is further influenced by its strategies. That is to say that a study on actual needs may be more of a study on what people want which provide the marketing industry with the right instruments to create purchasing possibilities. To further illustrate this idea, let's take a specific case of advertisement. Assuming there is a need to promote a new perfume, the marketing industry is more likely to choose a famous person to advertise it. The consumer then is influenced by the presence of the famous figure to purchase the perfume even though it isn't a case of actual need....
And, in this respect, we will assume that the consumer is already in the possession of a number of similar products. What's more, let's say the famous figure is someone who is also seen as a respectable individual by the mass media. The consumer also has assimilated the perception and, given the trust and respect he assumes the famous figure holds he is more so encouraged by his personal beliefs and perceptions to buy the product. And, as such, this turns into a case of want rather than need. On the other hand, assuming the consumer has recently run out of perfume, and the advertisement is released around this time, it turns into a case of need and subsequently, opportunity. That is to say that the opportunity has presented itself for the consumer to fulfill his or hers needs.
What management does still exists must maintain an open door policy, so as to help lower level employees transition and communicate concerns but again managers are likely to have a clear idea that this is a behavioral manner of influencing actions. (Tyler, 1997, p. 323) Though the transition to flat organisation may benefit most organisations, it is still a transitional situation that requires special understanding of employee empowerment as well
Kutagari's fervor did not impede him from researching potential of market for his idea -- another mark of the succesful entrepeneur. His persistence, belief in his work, tenacity, and originality led to the hugely popular Playstation that launched in December 1994 (Edge Staff, 2009). Kutagari, in other words, epitomized all that innovation requires. Firstly he chose an article that possessed the four qualities of 'opportunity': (2) Opportunity is attractive -- Playstation is
Again, Mc Donald's has managed to deal with competitive threats posed by both these market players due to the fact that the prices that Burger King, Starbucks and Costa Coffee charge are much higher than that charged by Mc Donald's. The primary reason behind higher prices of Costa Coffee and Starbucks is the fact that their target market is much stronger and niche as compared to that of Mc
Cultural Norms HLL, a subsidiary of Lever, is a cosmetics company that operates in India. The company markets a number of products in the Indian market, including a "fairness cream," which purports to lighten the skin of the user. The Indian market is widely segmented. There are a number of wealth strata, ethnicities, religions, languages, castes and for this product there are also a number of skin tones. Each of these
Luxury Brand The business idea is to start a luxury brand. The concept of luxury is difficult to pin down, because it is relative. Marketers have misused the term commonly, but despite this, and the emergence of a substantial grey area, the category of luxury brand is still understood fairly well by consumers. Theoretically, luxury falls at one end of a luxury-necessity axis. A luxury brand, therefore, implies that the product's
Corporate Governance Two different, yet related corporate governance definitions have been presented in this paper (Mallin, 2006: 3). Sometimes they cause confusions and controversy and ultimately affect the implementation of tightening of governance (Windsor, 2009). The 1992 Cadbury Report, which presented the major proposals for tightening governance, described governance as the system through which firms are managed, regulated and supervised (Cadbury, 1992: 15). The fundamental agency idea emphasizes that corporate governance has
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