Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Impacts of social media on business
Impacts of social media on business
Brand theories in brand management easy
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Impacts of social media on business
(5) MARKETING STRATEGIES
Brand Positioning:
In 2011 when ASOS entered China, Nick Roberson, the CEO of ASOS decided to consider China as the fifth largest strategic market. In spite of how serious the company took it, it is undeniable that ASOS made mistake on business strategy as well as the reality of embarrassing market position. When ASOS first entered China, they can not understand Chinese market and not be able to see the difference compare to European, American and Australian markets. They should be aware that they were not only opened a huge potential market, but also facing a fierce competition from fast fashion giants like ZARA and H&M which have been running successfully in China for a long time, and at the same time other e-commerce
…show more content…
(Lovelock, 2016) Digital marketing strategy has played an essential role in promoting ASOS’s brand name and price range through different digital platforms like twitter, Facebook and Google +, etc. (Link Humans, 2016)
ASOS China also knew that marketing need to be fresh and suitable to reach Chinese customer. ASOS UK additionally run a separate customer care page @ASOS_HeretoHelp on Twitter to keep correspondence with unhappy customers isolated. (Twitter.com, 2016) ASOS China could also run a separate Weibo page to deal with unsatisfied clients instead of messing all suggestions together and posting publicly about the disappointment of the product or service of customers, as it is important for the company to maintain a positive brand image.
For the digital media platform ASOS are using world widely are banned in China, a series of strategic marketing mistake led to the failure include the immature of WeChat due to the initial establishment and lack of marketing on Weibo. Even though they did investigation, the wrong market positioning, short of localization and insignificance of brand marketing eventually caused the depressed
On the first board meeting, WRSX board decided not to take the market opportunity in China because of the intended strategy that was made in the strategic choices in order to create efficient local presence first . The client feedback suggests that it is too risky to develop presence in China's market. On the other hand, the feedback suggests that not entering Chinese market will lead to missed business opportunities in the country and with clients looking to create global campaigns there. By that time, the negative impact in entering Chinese market could be in terms of financial and business risk. However, the feedback suggests a positive impact for management of growth, client attraction and retention and leadership capability. The decision to create cultural change in New York, where WRSX already have an office, was taken in complementation to maintain the poor performance of the local agency in US.
There are huge developments of new treatments that previously have been untreatable because of terminal conditions, especially long term maintenance therapy. There has been treatments like diseases from diabetes, end-stage renal diseases, and AIDS and HIV. The clinical ability to treat a lot of untreatable and acute conditions have had huge major advances. One of the main surgeries that has been impossible to do, for example coronary artery bypass graft was virtually undoable and now it’s being studied by hundreds of doctors throughout the world. Technology has also brought new procedures for discovering and finding ways to treat not just primary diseases but, secondary diseases also. For patients that require dialysis patients have even been able to treat their anemia deficiencies.
use of a ansoff matrix as it helps to focus on the firm’s present and
Marketing is that broad area of business activity that directs the flow of services provided by the carrier to the customer in order to satisfy customers’ needs and wants and to achieve company objectives. Marketing is more than selling: it involves a number of business activities, including forecasting, market research and analysis, product research and development, price setting, and promotion, including advertising. Marketing also involves the finance activities such as credit and collection that are associated with ticket sales. Marketing is customer oriented…Without marketing and sales, there would be no airlines. (p. 274)
Swinton, J. (n.d). How Burberry's digital strategy is boosting brand value. Available: http://www.theguardian.com/media-network/partner-zone-brand-union/burberry-digital-strategy-brand. Last accessed 20th March 2014.
Sephora has started its digital presence in the year 1999 with the launch of its website, “Sephora.com” and pioneered in the digital and beauty retail business. With around 3 million visitors per month to its website, Sephora has not put a single step wrong in its marketing strategy. The introduction of Sephora Beauty Insider program in 2007 followed by the Customer Relationship Management programs, the number of online customers have been exploded in multi-fold across Sephora’s online channels. Although Sephora was known for its in-store experience, the shear increase in the number of customers on its online portals had almost blacked out the online system in the holiday season of 2014. This led many of its Asian loyal customers
For Burberry, it recently closed 17 and opened 18 stores in Dubai, London, Moscow, New York, Seoul and Tokyo. Its various channel of distributions like retail, wholesale and licensing can help to expand those opportunities to the company. However, it seems that Burberry rely too much in Chinese market both in region or as tourists with approximately 30% of its sales in Chinese market (Financial times 2016). As mentioned in PESTEL, if the Chinese market experience the decline or political issue, it will significantly influence the sales and performance. Moreover, the company is also trying to attract the young generation for future
Over the last 30 years the world has seen drastic changes in the Chinese way of making business. Nowadays, China has opened its businesses to the rest of the world, especially America and Europe (Teagarden & Cai, 2009). As a result, their economy has increased and the evolution of the companies have changed to be from closed doors to be international and multinational (Teagarden & Cai, 2009). This essay will analyze, first of all, how some Chinese companies have had success abroad, looking at the strategy that they applied to expand and to improve their products. Furthermore, this essay will show examples of successful Chinese firms, such as Lenovo and TCL Group, and how they achieve it.
Digital marketers must keep up-to-date with the consumers preference, trends and needs, in order to meet these needs and to be able to remain competitive in the market . The connectivity created by digital media leads to enhanced product benefits such as online games and applications (Pride & Ferell, 2014). However, the use of the internet to sell products could be a disadvantage to the business since the goods being sold are intangible, the consumer could research and find reviews describing a product as low quality which could result in sale losses (Brand Driven Digital, 2013).
Asos already has a strong presence within the clothing industry, however, there are a couple of recommendations they can implement to advance their position within the market. One of the most basic aspects is to work on their pricing strategies. They should take more advantage of flash marketing. They have deals once in a while, but they are not big enough for people to actually make an effort to convert to their site. The biggest deal they usually have is on Black Friday which lets consumers get 30% off the entire store. That sounds great, however, Boohoo just had a sale last weekend in which consumers can get 50% off the entire site. It will be hard to implement, due to numerous amount of partnerships with other brands, but that is what will help Asos become more attractive. On the same note, they could also
304). Zappos’ emphasis on customer satisfaction has contributed to the company’s profitability tremendously. Zappos believes that great customer service experiences encourage customers to use the store again (Ferrell and Hartline, 2014, p. 454). In addition, Zappos’ long-term strategy is based on the idea that great customer service will help them expand into other product categories (p. 454). Zappos has established a method of serving customers and handling their issues that is distinctive from the rest of the industry (p. 453). Zappos employees are expected to wow customers and provide the highest levels of customer satisfaction regardless of how much time it takes (p. 453). Rather than urging customer service staff to take as many calls as quickly as possible, there are no quotas and the longer the call the better (Hollender, 2013). This is because Zappos uses customer service to market the brand (Hollender, 2013). The company takes most of the money it could spend on advertising and invests it in customer service (Hollender, 2013). Treat people amazingly well and they'll tell their
Interests: The sooner it could distance itself from its American roots by adopting “.cn” domain, the sooner it becomes a member of “in-group” in Chinese cul...
Apex offers many trips and classes that range from 4 hour periods, to multi day expeditions. One major challenge is how to attract both new, and existing clientele that mostly participate in day trips, to more intensive multi day excursions. Fortunately, there are several marketing strategies that can be utilized to aid in this process. These include, guerrilla marketing, the use of social media, determining target areas and demographics, offering incentives to clientele, as well as active community involvement from the Apex team.
...enture into overseas market comes with expectations as well as uncertainties due to unfamiliarity. Charles and Keith, the fashion retailer, has to understand clearly that what appeals in one market might not be accepted in the others and this is almost the same for all industries. Thus, a thorough research on cultural background has to be done before entering an unfamiliar ground.
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.