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Human Resource Management Module Leader: Module Code: MAN4146M Date of submission: 04/01/2013 MARKETING PLAN FOR PGI COMPANY UB Number Programme Attendance mode 12017503 MSc Marketing and Management Full-time I certify that this assignment is the result of my/our own work and does not exceed the word count noted below.
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Perhaps the most widely used conduit for communication these days is the mobile phone. It is needless to say that the advancement in communication technology has been crucial in the parallel progress and expansion of the global knowledge base and the pace of acquisition of further knowledge
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Marketing myopia is a marketing term that indicates that any firm or business will do well at the end of the firm concentrates on consumers and its aim is to meet the customer needs rather than the products the firm sells to the customers. Many financial organizations thought that Virgin would be a threat when it entered the United Kingdom market.
Steve Millars’ criticism on the matter got Carson thinking about the whole and reflecting on the Machopo where the financial investment in the branding, packaging and launch expenses was relatively small and it is from this instance that Carson understood the real financial risk that could be experienced later in contracts.
Ferrero Spearmint Gum is an organic product from the Ferrero Spa, which is already a popular brand among consumers and vendors in the market. The current marketing plan would emphasize on developing a concrete promotional and market positioning plan.
The function of marketing has evolved from a one-way functional discipline to an interactive process. The effectiveness of marketing is determined by how marketers are able to reach out to the consumers. The advent of technology has redefined the way communication and interactions take place between marketers and consumers.
It is obvious that the whole purpose of marketing the flats is lost! Certainly the pamphlets will end up as paper rockets rather than as sales generators. Marketing is one of the most essential tiers of any business, and when taken lightly, can ruin it. Thus, it is imperative to arrive at an accurate definition of marketing to develop the most appropriate marketing strategy tailored to suit the kind of product and the target market.
The two firms that have been chosen are Midas Retail Limited and Rock Fall Company Limited based in the United Kingdom whose primary line of operations includes construction and drilling. These companies have been chosen on the basis of a particular ratio which is turnover to total assets ratio.
As far as the services provided by LCH Clearnet is concerned, clients can benefit from the innovative clearing and settlement services provided by the company which they conduct by working in accordance with the regulators as well as their clients. This helps the company to provide services that are appropriate to the needs of its customers.
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The marketing strategy offers the guideline on how the company will concentrate all available resources in achieving optimal performance, through increased sales and competitive advantage sustainability. The company operations occur within a multinational setting with different logistical regulations in the different countries and states.
A CASE STUDY AND ANSWERS TO THE QUESTIONS Part 1 Absolut Vodka Business This is a case study about Absolut Vodka, which is now trading as ‘The Absolut Company.’ Absolut Vodka entered the US market in 1979 with its brand known as premier vodka, which is one of the best-selling imported vodkas in the US (Mooney and Dool 2010, p.1).
Bodubuilding.com is an online retailer based in America. It deals with the retailing of nutritional products and sports supplements based in Idaho, Meridian, United States. It was founded in the year 1999 by Ryan R. Deluca in Boise, Idaho. The Objective of bodybuilding.com is to help its visitors reach their fitness, appearance and health goals through motivation, information, and supplementation.
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Such innovations and platforms have been able to provide a structure for marketers and competitors such as Audi and BMW to be extremely unique and creative in their campaigns whilst selling their products. The environment that we currently live in relies heavily on content sharing, which resulted in unlimited information and opportunities for the two automobile companies to tap into.
The author states that McDonald’s Corporation is a fast food restaurant chain headquartered in Oak Brook, Illinois, USA. It is the world’s largest food service retailer with an operating income of $8.6 billion and has served 69 million customers daily in 2012. It was started in 1940 by Dick and Mac McDonald.
The study was initiated for the purpose of understanding the nature of services that exist in the marketplace and to test the viability of the statement ‘service customers is a core competency that marketing managers must develop’. The study revealed that there are various ways by which service processes can be categorized.
The mobile industry is one of the market environments that have garnered a wide range of research from scholars across the world. Ryan (2006, p. 45) expressed the competition that exists within the mobile industry and recommended that all mobile industries switch to modest business strategies to survive in the competitive market.
Netflix is essentially the global internet television network industry leader and offers a subscription to all its interested customers across the globe. Netflix’s Earnings per share have been recorded at 46.6% which is almost twice the industry average. The company has managed to establish a consumer base of an estimated over 40 million users in addition to creating huge brand recognition.
The subject of interior decoration has huge scope and is applicable to numerous fields of business. The term interior decoration goes with decoration of home, supermarkets as well as retail counters.
To reach the customers, they need to do a basic thing first, which is to understand the interests, needs, behaviors, etc., of the target customer base. That is, only if an organization is able to grasp the above-mentioned aspects of customers particularly consumer behavior and their buying process, they can come up with marketing or enticing strategies accordingly.
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Every individual wants to keep a memory of certain events and occurrences for future reference. In this regard, there is a need to have quality and long-lasting photos. Nevertheless, with the speedy growth of technology, many people can be able to take and print photos without the need to use the services of a professional photographer.
The market has also been ripe for a product that has less than four months in the shops. It was reported to be the major selling phone in the United States in September 2013, actually, the first week after release saw over one million pieces sold. This demonstrates the potential of the product in developing through life cycles rapidly.
The SWOT analysis of Morrison Supermarket reveals the actual forces it is facing both internally as well as externally. If the strengths of the company are considered, it can be seen that it has a strong presence in the Northern part of the United Kingdom with rapidly expanding manufacturing capabilities. It also has a long-standing management team to support such expansion.
Air Asia company operates in an oligopolistic market structure, one where there is only a small handful of air travel carriers. In this type of market, competitive rivalry dictates the majority of strategic business decision-making in which the organization must be adaptable and flexible to changing market conditions and competitive behaviors.
Consumer satisfaction is an aspect of any business establishment whose main aim is to realize profits. This is so since consumer satisfaction ensures that the business establishment maintains a wide range of consumers through consumer loyalty, which gives the establishment an upper hand especially where there is competition.
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The corporation has had exceptional success, becoming countrywide valued and known for its superior deeds. According to their online media, TOMS has issued 10 million pairs of shoes across over 60 countries globally. A motivating cause behind the TOMS product is their exhibition of corporate responsibility via their yearning to assist others in need.
From the case of Waitrose’s case, it is safe to conclude that the branding of a company’s products and general outlook is instrumental in the boost of sales. There is an attraction to customers when the products of a company possess a great packaging theme and product. A customer in a supermarket will pick the most attractive product on the shelf.
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BioGood is going to provide high-quality biodegradable plastic, which is going to be used for a longer time, thus providing sustainable services to the customers. BioGood Company retail outlets will introduce new jobs in the market based on the wide range of services and products that the firm will provide to the customers.
The Hardee’s restaurant uses advertising through radio and television in promoting its products. The restaurant also makes use of print media and billboards. It takes part in community service and sponsorships to communicate its commitment to providing customers with a unique fast food experience. There are also online promotions.
The paper considers the various export market plan for children games and toys. The two exports markets plans under consideration include the ToyLearn export marketing plan and the Toys “R” us market plan. The subsequent paragraphs delve into pointing out the similarities and differences that exist between the export marketing plan for the two toys and children's games manufacturers and my own export marketing plan.
Standardization and Adaptation
In the year 1954, a milk-shaker mixer salesman named Ray Kroc, recognized an opportunity in this market and decided to exploit it. He negotiated the deal of franchising and got the deal of franchising McDonald’s in USA. As a service fee, Mr Kroc took about 1.9 percent of the sales for himself and a royalty of 0.5percent of the sales was given to McDonald’s.
Beijing Organic and Beyond Corporation are regarded as one of the renowned brands in China, which has a number of organic farms across Beijing, Jiangsu, Shanxi, Shandong along with central Mongolia. The company is been identified to build its strong position in delivering a wide range of organic foods including vegetables.
The extended marketing mix is considered to be a different combination of different marketing activities that are undertaken by a firm in order to meet the need of the market it is planning to cater to. The marketing mix consists of four elements, each of which has its own separate importance. These elements are Product, Price, Place, and Promotion.
When businesses grow, they intend to expand their service provided to customers in areas within their reach. However, expanding or breaking the business to meet consumers undergoes a number of considerations before it can take effect. To meet the needs of consumers, businesses plan and implement different marketing strategies, which enable them to identify target markets that help in meeting the firm’s goal.
Ever since its entry in India, McDonald’s has grown by leaps and bounds to become a household name in the country. The U.S. based fast-food giant has positioned itself as a ‘family restaurant with a kid’s orientation’ in the country. The company has judiciously balanced all elements of its marketing mix to reinforce its market positioning.
The University of Oregon track athlete Phil Knight and his coach Bill Bowerman founded the company, which currently involves the design, development, and marketing of athletics footwear, apparel, equipment, and accessories. However, the company has undergone operational transformational changes since its inception.
According to Michael Porter, the five competitive forces that affect an organization are; Threat of substitute products, the threat of new entrants, Intense rivalry among existing players, Bargaining power of suppliers, and Bargaining power of Buyers (Porter’s Five Forces Model, 2009). The figure given below explains Porter’s five forces theory.
The shining star of FedEx Corporation is FedEx Express. From its starts to struggle, during a subprime crisis then European economic slowdown to the rise of South East Asian market and shift of the center of mass of the global economy from the western world to eastern world FedEx Express was in business and continuing it prominently because of its strategic management and superior marketing team.
Food products form a major part of the daily life of every human being and they put greater focus toward the selection of the food and beverage especially when it is bought for children, aged people, or pets. The consumer’s purchase decision can get influenced by several factors and it is a vital job for the marketer to know his target market.
Founded in 1994, the yahoo company has been among the topmost web search companies globally that people use. The competition in the online market is getting stiff and many competitors joining the market. In order to compete favorably, the Yahoo Company had to develop strategies that would ensure they beat their competitors in the market.
From the perspective of the customers, a service guarantee has a huge potential to help the organization manage both its external and internal factors in an effective manner. It has been seen that the organizations that have provided service guarantees to their customers have gained a significant amount of market share.
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According to the research findings, it can, therefore, be said that the companies have made strategies to improve their logistics system which forms the part of the supply chain management. However, in the past, the concept of logistics was viewed as the cost of conducting business and thus, was neglected to a great extent.
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A firm, regardless of the industry it belongs, has to design long-term and short-term strategies to pace with the changing business environment. Strategic efforts taken in this regard can be termed as sustainability efforts.
Advertising and marketing at business faculty of CSU is to build customer self-assurance, attract fresh customers, and keep current customers coming back and assist make the faculty lucrative. It is not an easy task to accomplish all these objectives
Only then does the relationship or bonding of the employees and the higher authority might get enhanced resulting in amplification of the uniqueness and reputation in the market among other rival players. So, the development of inventive eco-friendly products is extremely essential for an organization to enhance its sustainability in the long run.
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Marketing entails conducting research to understand what the customer exactly wants and thereby providing goods and services concerning the customer's needs and demands. Marketing also involves the provision of the correct marketing mix which takes the right goods provided for the customers at the right time and in the best places.
The Bank of New York Mellon Corporation serves as a multinational banking and financial services entity and is listed in the New York Stock Exchange and in Standard and Poor 500. The Bank of New York Mellon operates all across the globe and is the biggest asset servicer in the world with more than USD 26 trillion of assets value under its portfolio.
BlackBerry’s recent issues in its internal management have generated negative publicity. After the consecutive loss of profit and sales, the company went on terminating almost 40 percent of its workforce. This has generated enormous criticism among employees as well as media, affecting the overall brand equity.
The null hypothesis is rejected because the p-value is less than 1%. It is recommended that Chef Gaston understand that those who are sure of being clients in the restaurant will consider the use of locally sourced ingredients essential. Therefore locally sourced ingredients should be at the core of the marketing campaign for the new restaurant.
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It is obvious that cost-effectiveness may come at the price of reduced quality of service, which is why since the launch of Amazon.com as a book store, it has progressively leant away from the original policy of focus on pricing, which was actually a strategy to grab some of the market shares of the book retailing business.
The structure of marketing plans used by companies worldwide is not standardized. Different criteria are likely to be used by each firm when designing its marketing strategy; the availability of resources and the firm’s mission/ objectives are critical factors that influence a firm’s decision in regard to the promotion of its products/ services.