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Trends impacting advertising practice
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Always On by Christopher Vollmer asserts the exploration and potential of the digital age. The book gives hints and tips for executives of marketing and advertising professionals. The book layout introduces the reader to many innovative companies that are reshaping their marketing tactics and how consumers will be reached in the future using new digitally enhanced methods. The book talks about approaches such as incorporating new perspective matching a company’s messages to the right media selection. It also emphasizes staying ahead of the game in a world of constant change and that companies need to be learning the strategies of being centered on consumer wants. This book lays out the practices, perspectives, and lessons from various marketer …show more content…
More marketing agencies are realizing that digital marketing is the base to where more marketing dollars will be spent in the near future. A chart within the book shows the platform of growth in technology in 2007 and what is projected in 2010 (exhibit 3-1, pg 82). Another strength from this book is the assertiveness and stepping out of the box attitude. This book shouts at companies that the time to change is now and you must embrace the reality that consumers are always on. The book claims that the old tools and comfortable techniques to draw in consumers aren't working as efficiently today and they won't work at all tomorrow. A small section (pages 92-102) show examples of how many companies are shifting their spending towards new media while trying to revamp the old in a digital way. Examples include ESPN and Time Warner both focusing on retail aspects to create a more consumer centric goal. Lastly, the book really cracks down on the importance of consumers being in control and they want to be there. Consumers want that connection with the company. An excellent example is used right in the beginning pages (page 3-4) about Nike shifting its strategy and making a more contemporary playbook that focuses on making deeper connections with
Armstrong, Gary, and Philip Kotler. Marketing: an introduction. 11th ed. Upper Saddle River, NJ: Pearson Prentice Hall, 2013. Print.
The three chapters assigned to be read out of Satisfaction Guaranteed: The Making of the American Mass Market, a novel by Susan Strasser, outline the consumer culture of the United States around the end of 19th century, following the conclusion of the civil war. The chapters work chronologically and describe the rapid evolution of companies’ production, advertising and branding techniques. The reading also hits some of the main goods introduced at the time, most of which we still use today, and the troubles that companies faced convincing the public to invest in (purchase) their product for the first time. The problem with introducing thousands of products that no one had ever heard of? Most people will naturally pick the safe bet when spending
Once the target market has been identified it is important to develop a marketing strategy. In today's fast paced, information overloaded society; conveying a message about a product seems to be more difficult than ever. The consumer is bombarded with advertising everywhere they look. Today advertising not only exists on television, radio, magazines, and newspapers, it can be found on billboards, park benches, in our mailboxes, on buses, taxis, at sporting events, and on clothing.
Marketing is a process of determining a consumer’s needs, devising a product or service to satisfy those needs, and trying to focus customers on the goods and services you are offering. Marketing is extremely important, and a fundamental building block for business growth. A marketing team is given the task of creating customer awareness through a variety of different marketing techniques. If a business does not pay close attention to their consumer demographic and needs, they will eventually fail over time. Two important aspects of marketing include acquiring new customers, and the preservation and growth of relationships with current customers. Marketing has always been viewed as a creative outlet, which encompassed advertising, distribution, and the selling of goods and services. Marketing staff will also try to anticipate what customers will want in the future, often being accomplished with market research. In summation, a good marketing plan should be able to create a favorable proposition or series of benefits that a customer can value through goods or services. The marketing mix is normally described as the strategic positioning of a product or service in the marketplace, using the specification of the four Ps. During the early 1960’s, Professor E. Jerome McCarthy of Harvard Business School stated that a marketing mix contains four elements. The four key points are product, pricing, promotion, and placement. It is recognized that all these aspects must be present to ensure a successful business model within a given industry. We will now take a thorough look at the four marketing mix points.
The increasing process of globalization, coupled with an organization seeking to satisfy the needs of consumers globally, contributes significantly in embracing technology in the marketing process. In addition the marketing strategies are inclined towards reaching not only the targeted segment, but also potential customer that can be captured based on the market forecast of the firm. Therefore, integrating various tools of communication as well as platform of reaching out to a wide range of audience has been embraced by corporate globally. Notably, effective communication is vital in the marketing process (Percy, 2008). On the other hand, reaching out to a wide range of customers or audience in the advertising process in significant important. From this perspective organization can utilize both effective communication and a contemporary platform to reach to a wide range of
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill.
Kotler, P., & Keller, K. (2012). A Framework for Marketing Management (Fifth ed.). Harlow: Pearson Education Limited.
INTRODUCTION: The impactful breakthroughs in digital technology have led organizations to face a variety of dynamic environmental challenges which include speedy pragmatic change, globalization yet an increasingly more aggressive landscape also changing customer expectations and conduct. Technology empowered customers’ not just purchases products and services but a more personalized ‘experience’ forcing the businesses to be customer-centric in this competitive environment. This implies that organizations need to be abreast of the changing needs and demands of their customers which require more than simply classifying the customers into demographic categories.
Kotler, P., & Keller, K. (2012). Marketing management (14th ed., Global ed.). Boston, [Mass.: Pearson.
PepsiCo understands that traditional forms of marketing like TV, Magazine, and radio are becoming outdated and the Internet is now becoming the main medium for marketing. With this PepsiCo decided to launch it’s first e...
Nevertheless, one of the most important constants among all of us, regardless of our differences, is that, above all, we are buyers. We use or consume on a regular basis food, clothing, shelter, transportation, education, equipment, vacations, necessities, luxuries, services, and even ideas. As consumers, we play an essential role in the health of the economy; local, national and international. The purchase decision we make affect the requirement for basic raw materials, for transportation, for production, for banking; they affect the employment of employees and the growth of resources, the successfulness of some industries and the failure of others. In order to be successful in any business and specifically in today’s dynamic and rapidly evolving marketplace, marketers need to know everything they can about consumers; what they are want, what they are think, how they are work, how they are spend their leisure time. They have to find out the personal and group influences that affect consumer decisions and how these decisions are made. In these days of ever-widening media choices, they need to not only identify their target audiences, but they have to know where and how to reach
Marketing in a Digital Age MAKING NEW CUSTOMER CONNECTIONS I. LOOKING AHEAD: PREVIEWING THE CONCEPTS To thrive in this new digital age-even to survive-marketers must rethink their strategies and adapt them to today’s new environment. II. MAJOR FORCES SHAPING THE INTERNET AGE Here we discuss four specific forces that underlie the new digital age: A. Digitalization and Connectivity *
Philip Kotler; Kevin Lane Keller (2009): “Marketing Management”, 13th edition, Pearson Prentice Hall, pg 61-62
Technologies are increasing rapidly and shaping not only the traditional marketing but internet marketing as well. That is why marketers are facing a great global competition in terms of modern marketing. Marketers should know this thing that new technologies can help them by making their work simple, so they should shift to latest technologies and some new things. Business gets success when it comes with something new and interesting. That is why marketers must change their strategies as the tradition, trend, and environment changes. When we talk about changes and technologies, we can’t forget viral marketing, which is a form of fresh marketing. Many advertisers and companies are moving towards it. (H.B Klopper, 2002)
We can’t assume consumers will remain loyal if we don’t adapt and learn and you can’t assume brand strength alone will keep them or attract new consumers. The market will change and new will enter the market. I realized that the 5 D’s (Discovering, Defining, Developing, Doing, and Directing) in the marketing process is a continuous, an ongoing evaluation of the market conditions and the continued adaption. For Digital Channels, that means we must have the best feature rich products and service that our customers value. We can’t assume they will stay with us because they have for years. The moment a company becomes complacent, they become