Marketing Classic
The marketing approach to any organization is incredibly important and this is no different for the group at Classic Airlines. Like many within the airline industry, Classic is facing many challenges and problems that threaten their competitive advantage and the way that they conduct business. The purpose of this essay is to examine some of these marketing challenges and incorporate them into some of the broader marketing ideas and theories that are prevalent within our studies. These challenges will be viewed with both an external and external lens to fully grasp the totality of the problem and to better project more practical and holistic solutions to the objectives.
Exchange
According to Kotler & Keller (2006) exchange is the core concept of marketing and five conditions must be met in order for exchange to be successful. These five conditions include; " There must be two parties, each party has something of value…...
mlaReferences
"Classic Airlines Documents." Class Handout.
Kotler, P. & Keller, K. (2006). Marketing Management. Pearson Education 2006.
marketing approach, marketing rhetoric reality businesses' (Drucker, 1973: 64). Critically evaluate extent marketing rhetoric reality organization.
Marketing in Organizations
The competitive business environment determines companies to increase their efforts in developing successful marketing activities. The statement made by Drucker regarding the fact that marketing is rhetoric rather than reality in many businesses has little application in the current market environment. This is because the theory and practice of marketing have significantly developed since Drucker made this statement.
There are several definitions of marketing. The American Marketing Association defines marketing as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers (Blythe, 006). Marketing is defined by Philip Kotler as the science and art of exploring, creating, and delivering value in order to satisfy the needs of targeted customer segments (Kotler & Armstrong, 009). Another definition of marketing refers to marketing as the messages…...
mla2. Kotler, P. & Armstrong, G. (2009). Principles of Marketing. Pearson Education. Retrieved September 20, 2012 from http://books.google.ro/books?id=ZW2u5LOmbs4C&pg=RA1-PA17&lpg=RA1-PA17&dq=marketing+definition&source=bl&ots=BX_nv82hxo&sig=WRKWD3inps2J8pQ8zdE2INKCIQs&hl=ro&sa=X&ei=0RZbUOXrBsn2sgby84DABA&ved=0CE4Q6AEwBQ#v=onepage&q=marketing%20definition&f=false .
3. Blythe, J. (2006). Principles and Practice of Marketing. Thomson Learning. Retrieved September 20, 2012 from http://books.google.ro/books?id=nSyZmgLkWD8C&pg=PA5&lpg=PA5&dq=marketing+definition&source=bl&ots=Tfc3Cpc00g&sig=q8uVRP4Dqn72pgttEAs6hMA9JMQ&hl=ro&sa=X&ei=4BdbUM_UDoXCswaFkoF4&ved=0CDYQ6AEwAjgK#v=onepage&q=marketing%20definition&f=false .
4. Hunt, S. (2010). Marketing Theory: Foundations, Controversy, Strategy, Resource Advantage Theory. Retrieved September 20, 2012 from http://books.google.ro/books?id=MA5TniOfYwIC&pg=PA61&lpg=PA61&dq=marketing+definition&source=bl&ots=fB1Dx5VDCv&sig=GaRQpuTu2OP8lYkGu2oPkLCQYIw&hl=ro&sa=X&ei=nhhbUOuWAcTssgaTyYDAAg&ved=0CFkQ6AEwBzgU#v=onepage&q=marketing%20definition&f=false .
"Building a successful buzz campaign hinges on finding the right carriers for the message: influencers who are obsessed with staying one step ahead of their peers." (Khermouch & Green, 2001)
Conclusion
In conclusion, this phase of the marketing experience revolved around the perceived impact of various internal influences on consumers as they would be convinced to purchase Gateway Plasma Screen Televisions. The report looked at various aspects and marketing approaches such as demographic data gathering including age and income as well as psychographic data gathering which incorporates personality style or lifestyle data in the marketing of products. The world has become highly technologically advanced and has therefore introduced many new sources or opportunities such as direct database marketing, email contact points and internet shopping to marketing and consumerism management. Marketing and selling have therefore greatly changed. It is no longer a viable approach to just blanket advertise and other traditional advertising…...
mlaReferences
Khermouch, Gerry & Green, Jeff (2001, July 30). "Buzz Marketing: Suddenly This Stealth Strategy Is Hot -- but it's Still Fraught with Risk." Business Week Online. Retrieved on February 20, 2005, at http://www.businessweek.com/magazine/content/01_31/b3743001.htm
Silverman, George (1997, November). How to Harness the Awesome Power of Word of Mouth. Direct Marketing Magazine, 32-37. Retrieved on February 20, 2005, from Market Navigation, Inc., Web Site: http://www.mnav.com/H2HarnWOM.htm
Marketing
Illustrate the differences between a straight rebuy, modified rebuy, and a new task purchase. Why is it important to understand the differences?
A straight rebuy is the purchase of standard parts, maintenance, or repair, and operating supplies, or any recurring need purchased on a routine basis (Kotler, 2006). For example, the routine purchase of printing paper is a straight rebuy. A modified rebuy is a situation in which purchasers have experience to draw on, and consider alternatives to previous purchasing (Kotler, 2006). For example, if a company recently purchased a new printer from vendor A, but was not satisfied, they may decide to purchase from vendor B. In the same situation next time. A new task purchase is a situation in which purchasing does not have previous experience with a requirement, and thus, has no relevant knowledge of product solutions (Kotler, 2006). For example, if a company requires the purchase of…...
mlaReferences
Bell, J. (2006.) Strategic vs. tactical marketing - understand and profit. Retrieved Dec. 14, 2006 from Marketing Strategies. Web site: http://www.businessseek.biz/article-directory/article-531.html .
Entrepreneur.com. (2006.) Researching your market. Retrieved Dec. 13, 2006 from Marketing Basics. Web site: http://www.entrepreneur.com/article/printthis/43024.html .
Keller, K. And Tybout, A. (2002.) The principle of positioning. Market Leader, 19, 65.
Kerin, R. (2003.) Marketing, 7th ed. New York: McGraw-Hill.
All these were achieved with immense marketing budgets.
In the current situation when the United States and the world are threatened by an economic crisis, the giant shoemaker continues to sustain an increased marketing budget. A specification that must be made however is that changes in the structure of the budget have occurred. In this order of ideas, the marketing specialists at Nike are more centred on interactive and innovative marketing, rather than traditional marketing operations. In a time of financial difficulties then, the number one shoemaker of the globe is trying to approach the audience using less conventional means. Nike officials argued that they were not in the business of keeping the media companies alive, but that their primary interest was that of best communicating with the audience. In this order of ideas then, the multinational organization drastically reduced marketing budgets for television advertisements and other traditional means and…...
mlaWorks Cited
Chandler, T., Nike Gets Engaged, Shrinks Traditional Ad Spending. Here's How Copywriters Can Benefit, the Copywriter Underground, 2007, accessed on October 16, 2008http://copywriterunderground.com/2007/10/22/nike-gets-engaged-shrinks-traditional-ad-spending-heres-how-copywriters-can-benefit/last
Lovell, C., Marketing Budgets Cut at Record Rate as Economic Crisis Deepends, Brand Republic, 2008, accessed on October 16, 2008http://www.brandrepublic.com/Campaign/News/852748/Marketing-budgets-cut-record-rate-economic-crisis-deepens/last
McNamara, C., All About Marketing, Free Management Library, 2008, Ast accessed on October 16, 2008http://www.managementhelp.org/mrktng/mrktng.html .
Ford's Product Facing a Deepening Financial Crisis, Daily Times, 2006, accessed on October 16, 2008http://www.dailytimes.com.pk/default.asp?page=2006 57story_7-5-2006_pg5_30last
In Italy, the local marketing approach would also emphasize the authentic nature of the environment except that local marketing would be less explicit and devoid of specific references in that regard. Instead, it would attempt to present services, menus, and other accoutrements in a manner that would allow local customers to come to their own conclusion that the hotel provides a highly authentic Italian experience.
PERSONAL REFLECTION
This exercise was extremely valuable to the study of Human Resource Management issues. Prior to this exercise, it would not have occurred to me how important local customs in a foreign country might be from the perspective of human resource management and the potential for civil liability to American employees working abroad. The exercise also provided an opportunity to make an important decision based on the comparative potential risks and rewards of two alternate courses of action.
From the perspective of marketing in particular, this…...
With this in mind, the marketing division would notify the &D (research and advancement) division to produce a prototype of a service or product based upon the customers' brand-new needs.
The manufacturing division would then begin to produce the item, while the marketing division would concentrate on the advertising, circulation, rates, and so on of the item. Furthermore, a company's finance division would be gotten in touch with, with respect to securing ideal financing for the advancement, manufacturing and promo of the item. Inter-departmental disputes could happen, need to a company abide by the marketing alignment. Manufacturing might oppose the installment, support and maintenance of brand-new capital stock, which might be had to produce a brand-new item. Finance might oppose the necessary capital expense, because it could possibly weaken a healthy capital for the company.
A difference needs to be made in between marketing research and marketing research. Marketing research refer…...
mlaReferences
Hochbaum, D.S., Moreno-Centeno, E., Yelland, P. And Catena, R.A. (2011). Rating Customers According to Their Promptness to Adopt New Products, Operations Research 59(5): 1171-1183.
Kotler, P. And Keller, L.K. (2012). Marketing Management 14e. Pearson Education Limited.
The Definition of Marketing. American Marketing Association. Accessed from: This definition is part of the ongoing, Common Language: Marketing Activities and Metrics Project.http://www.marketingpower.com/AboutAMA/Pages/DefinitionofMarketing.aspx.
Economic: the economic forces affecting the marketing operations can be linked to the increasing numbers of organizations competing within the same industry, the better access to financial resources or the growing income per capita for the working population; all these forces generate new needs and as such require increased marketing efforts.
eferences
Proctor, T., 2005, Essentials of Marketing esearch, 4th Edition, Pearson Education
Wilson, ., Gilligan, C., 2004, Strategic Marketing Management: Planning, Implementation and Control, 3rd Edition, Elsevier Science and…...
mlaReferences
Proctor, T., 2005, Essentials of Marketing Research, 4th Edition, Pearson Education
Wilson, R., Gilligan, C., 2004, Strategic Marketing Management: Planning, Implementation and Control, 3rd Edition, Elsevier Science and Technology Books
Marketing Plan
Mission and Business Objective
Products and Services
Keys to Success
Macro Environment
Economic Value Added
Cash Value Added
Cash Flow eturn on Investment
This report is a detailed marketing plan for a new financial service company called Online Analyst, Inc. The company is a combination database management company that also specializes in the financial services markets. The company will offer a plethora of information, data and financial-based market services such as online real time market segment analysis, brokerage services and information 'black box' management for the data industries clients. This plan therefore serves as an evaluation and summary of the organization's marketing and business processing options. Online Analyst, Inc. will utilize this foundation document to design, implement and integrate the company's new series of business products and services into a viable consumer and sales blueprint.
On-Line Analyst, Inc. is an organization that takes advantage of existing market analysis and brokerage industry shortcomings. These market segments are currently…...
mlaReferences
Altschuler, Stuart, et al. (2002). "Pricing Analysis for Merrill Lynch Integrated Choice." Interfaces: January -- February, Vol. 32, No. 1: 5-19.
Carliner, Saul. (1999). Writing Business Objectives: A Key Tool for Demonstrating the Value of Technical Communication Products. The Commerce of Content. Retrieved on April 22, 2005, from Saul Carliner Web Site at: http://saulcarliner.home.att.net/idbusiness/casestudy.htm
Durgee, Jeffrey F., Gina Colarelli O'Connor, and Robert W. Veryzer. (1996). "Translating values into product wants." Journal of Advertising Research Vol. 36.
Gill, Philip J. (1999). "Business Snapshot -- Business Modeling Tools Help Companies Align Their Business And Technology Goals." Information Week. April 19.
The marketing strategies that will create positive relationships with the shareholders will certainly be in the growth strategies category. Following the discussion we have previously had for the customers category of stakeholders, a diversification strategy seems to be the most appropriate to encourage positive relationships with the shareholders.
Indeed, a diversification marketing strategy will encourage the shareholders to believe that the company is constantly willing to promote its own business model and its own particular products and services on the market. Additionally it will also sustain the idea that the company has a clear plan and strategy for the future, one that will support the company's profitability.
On the other hand, the company also has to promote innovation strategy of the leader/pioneer type. Such a strategy will determine the fact that the management's aim is towards supporting a leadership path into the future. Such marketing strategies will allow the shareholders be confident…...
mlaBibliography
1. Starbucks Corporation Corporate Social Responsibility / FISCAL 2006 ANNUAL REPORT. On the Internet at retrieved on July 17, 2007http://www.starbucks.com/aboutus/csrannualreport.pdf.Last
Marketing in a Less Developed Country
A less developed country is that country with a Gross Domestic Product (GDP) of less than 2% of global trade in goods relative to other countries. Less developed countries are characterized by little industry and sometimes a comparatively high dependence on foreign aid. These countries are grouped as the poorest and weakest market economies and consist of more than 880 million people. They rely heavily on exports of agricultural products whose prices keep on fluctuating fetching low price in the international market while they import most of the industrial and manufactured goods from developed countries a reason for continued balance of payment deficits, resulting into high debt burdens which have kept them as beggars' in the international community thus a continuous vicious cycle of poverty (UN-OHLLS, 2011).
Less developed countries are also characterized by low level of socio-economic development with weak human and institutional capacities, low…...
mlaReferences
C. Samuel Craig and Susan P. Douglas, (1999).Conducting international Marketing Research in the 21st century. Retrieved on Nov 23, 2011 from http://people.stern.nyu.edu/sdouglas/rpubs/imr.html
Food and Agricultural Organization, (2011).Global agricultural marketing management.
Retrieved on Nov 23, 2011 from http://www.fao.org/docrep/W5973E/w5973e02.htm
Leslie M. Dawson, (2011). Marketing to Less Developed Countries. Retrieved on Nov 23, 2011
Marketing Communication Programme for the New Product
"The Body Shop" offers a wide range of naturally inspired cosmetics and toiletry products. The brand, originally created in the United Kingdom, distributes its products and expresses its values through a large multi-channel network of exclusive retail shops (1,088 company owned and 1,517 franchisees) in more than 60 countries, as well as through home and online sales. The purpose of this report is developing an international marketing plan for a new product; a special shampoo which mitigates the hair loss problem of people, particularly for men, to be added to the range for international market in Asia for the Body Shop.
An international marketing plan including an analysis of marketing potential and target segment of the new product, a marketing communication programme for the new product is indicated in this report.
This report also provides a SWOT analysis for The Body Shop and identifies the direct…...
There is also the need to concentrate on the interaction of these personal demographic factors as the foundation for group factors analysis.
Group Factors Analysis
The accumulated effects of the personal factors defined in the first section of this paper are put into relevance when the social factors are quantified and measured specifically relating to the retail home furnishings industry. One of the most commonly used is the VALS2 methodology (Piirto, 1996) which has its basis in the following set of metrics as shown in Figure 2, Lifestyle Orientation Definitions.
Table 2: Lifestyle Orientation Definitions
Source: (Piirto, 1996)
Orientation
Definition
Achievers
I am successful and deeply committed to work, family, and community.
A like predictability and consistency over risk.
My work affords me material rewards and prestige that shows success to my friends.
Strivers like to be trendy want to be stylish and admire people who are well-known for their success and wealth
Although difficult at times, making money is a…...
mlaReferences
Bennington, R. (2001) Furniture Marketing,
NY Fairchild Publications.
Jason M. Carpenter. 2008. Demographics and patronage motives of supercenter shoppers in the United States. International Journal of Retail & Distribution Management 36, no. 1 (January 1): 5-16. (Accessed February 9, 2009).http://www.proquest.com
Deshpande, Rohit, Farley, John U, Webster, Frederick E. Jr. 1993. Corporate culture, customer orientation, and innovativeness. Journal of Marketing
marketing recommendations, one must first point out towards the fact that Romania (1) lacks a true branding campaign, such as the ones that Spain, Finland or even ulgaria have undergone during the past years and (2) because it has no branding policies to promote its values abroad and make positive connections in foreigners' minds with Romania, the first things that a foreigner will be able to say about Romania are related to thieves, Ceausescu or the stray dogs in ucharest.
This report will aim at discovering some of the positive elements that Romania has to offer and the adequate means by which these elements can be promoted to the audience we are addressing. The report contains two essential parts: image and branding recommendations, where positive elements about Romania are listed and analyzed, while the marketing approaches describe the channel of communication to be used in order to be able to…...
mlaBibliography
1. Bird, Michael. Bucharest Garden City. July 2005. On the Internet at www.brandingromania.ro
2. Clinton, Bill. How to build the reputation of a country. June 2005. On the Internet at http://www.brandingromania.com/?author=16
Bird, Michael. Bucharest Garden City. July 2005. On the Internet at www.brandingromania.ro
Emerging Trends
There are a number of different trends emerging in marketing, and those involved in the craft should be aware not only of these changes but the implications of them as well. The first is video. Social media in particular has become a forum for video in marketing. This not only means things like Facebook Live and YouTube, but more sophisticated marketing such as Wistia's pro plans, Vidyard, and Brightcove. Video is another means by which a company can tell its brand story, and there is evidence that the use of video in marketing is not just on the rise but is effective as well, because most audiences find that video content is more engaging than other forms of content (Sharma, 2017).
Artificial intelligence is a big one, and that includes the use of smarter chatbots. These will pop-up on screen to help pull visitors to a website into the marketing…...
As a behavioral health entrepreneur, it is crucial to utilize various methods of analysis to determine which strategies are the best for your business. These analysis methods can help you make informed decisions, understand your target audience, and drive effective outcomes. Here are some key methods to consider:
1. SWOT Analysis: Conduct a comprehensive assessment of your business's strengths, weaknesses, opportunities, and threats. This analysis will provide insights into your competitive advantage, internal challenges, market potential, and potential risks.
2. Market Research: Gather data and insights about your target audience, competitors, market trends, and customer preferences. This analysis will enable you to....
1. The Impact of Online Therapy Site Advertising on Mental Health Treatment
2. Marketing Strategies for Online Therapy Sites: Reaching a Wider Audience
3. Ethical Considerations in Advertising Online Therapy Services
4. The Role of Social Media in Promoting Online Therapy Sites
5. Effective Advertising Techniques for Online Therapy Platforms
6. Analyzing the Success of Online Therapy Site Ad Campaigns
7. The Rise of Telehealth: Advertising Trends in Online Therapy
8. Targeting Specific Demographics: Advertising Online Therapy Services to Different Audiences
9. Branding and Reputation Management for Online Therapy Sites
10. Comparing Traditional Marketing Approaches with Online Advertising for Therapy Platforms
11. Navigating the Digital Landscape: Advertising Strategies for Online....
1. Identifying and Understanding Target Markets: A Key to Business Success
2. Demystifying Target Markets: How to Reach Your Ideal Customers
3. Navigating the Complexities of Target Markets: Strategies for Effective Marketing
4. Target Markets 101: The Basics of Reaching Your Audience
5. Reaching Your Niche: Understanding and Reaching Target Markets
6. Target Markets Demystified: Reaching Your Customers with Precision
7. Target Markets and Consumer Behavior: The Key to Marketing Success
8. Unlocking the Secrets of Target Markets: Strategies for Successful Marketing Campaigns
9. The Power of Target Markets: How to Tailor Your Marketing Efforts for Maximum Impact
10. Target Markets Unveiled: Strategies for Understanding and Reaching Your Audience
11.....
Literature Review
Marketing is a crucial aspect of any business, as it involves identifying and satisfying the needs and wants of customers. The essence of marketing lies in creating value for customers through various strategies and techniques. In this literature review, we will explore different perspectives on the essence of marketing and its importance in today's competitive business environment.
According to Kotler and Armstrong (2016), marketing is a process that involves understanding the marketplace and customer needs, designing customer-driven strategies, and delivering superior value to customers. The authors emphasize the importance of creating value for customers and building....
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