Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Marketing strategy chapter 1
Marketing strategy chapter 1
Marketing strategy in the competitive environment
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Marketing strategy chapter 1
Sperry/MacLennan Architects and Planners
Sperry/MacLennan (S/M) is a Canadian architectural firm that specializes in recreational facilities. The company was originally founded in 1972 by Drew Sperry as H. Drew Sperry and Associates but was later changes to Sperry/MacLennan with the addition of John MacLennan as a senior partner. After some consideration, the company’s junior partner Mitch Brooks is seeking to expand the company to international markets that include possible markets in Europe and the United States. The case reveals key issues for the organization and possible ways in which the organization may address the issues. Market research will be necessary for the organization to search for solutions and opportunities for a successful outcome.
The Case Situation
The case situation examines the process of developing a plan that Mitch Brooks, a junior partner and director of Sperry/MacLennan (S/M), to export the company’s services. There is a strong desire to search for new markets because there are some signals that the market for architectural services is slowing. Business was increasing for the company throughout the 1970s and the companies grew to establish branches in Charlottetown and Fredericton. However in the early 1980s, the company faced a slow period that forced them to take risks and challenges, which luckily was rewarded in 1983 and gained national recognition. This helped build a secure reputation with the Canadian sports facility market. The following year, the company focused on promotional efforts that would allow them to get similar work and associating themselves with Creative Aquatics exclusively. In 1984, the company gained strength and stayed busy with new venues and construction until 1987.
That ...
... middle of paper ...
...ss because it may help create new ideas and help with strategic decisions with regard to exporting its services to international locations. This can help managers to base their data results, define their target market, and help with the distribution function. As more information is disclosed, the risk level can decrease because the facts are considered into the decision making process. Market research can bring beneficial opportunities to Sperry/MacLennan to help improve its company for a successful and stable future.
Works Cited
Aaker, D. A., Kumar, V., & Day, G. S. (2007). Marketing research (9th ed.). Hoboken, NJ: John Wiley & Sons.
Burns, A. C., Bush, R. F. (2006). Marketing research: Online research applications (5th ed.). Upper Saddle River, NJ: Prentice Hall.
McDaniel, C. & Gates, R. (2006). Marketing research (7th ed.). Hoboken, NJ: John Wiley & Sons.
The company conducted a serious market research and can use the results to make the best decision.
Armstrong, Gary, and Philip Kotler. Marketing: an introduction. 11th ed. Upper Saddle River, NJ: Pearson Prentice Hall, 2013. Print.
This research seeks to reveal the importance of marketing strategies in today’s complex and competitive business world. For this reason, this study will discuss various theories, issues and approaches of the marketing linking them with W.L. Gore & Associates and thereby propose the best options, ideas, strategies and techniques for the improvement of the company. To reach the points, this study will especially collect secondary and qualitative data and information.
7) In what ways might the market research information presented by the two sources not be helpful?
S.H. Kress achieved a unique architectural distinction in both defining a brand identity while simultaneously fitting in with the five-and-dime market and the local main street character of each town. He was a pioneer in creating company brand identity through a “signature storefront”. He viewed his buildings as an advertisement and each store had some components that were standardized, reflecting the popular assembly line approach at that time, while other components varied based on the location to fit within each town culture.
Chapter 13: Strategic Managers 19. Literature list 20. Enclosure Introduction. During the lesson we had the opportunity to read quickly through some of the cases. The reason why we have chosen the Home Depot case is first of all that th... ...
Tyler's Surf N' Turf, my proposed business, will be of service to both tourists and seasoned veterans of extreme sports. My business, located on the beach, will provide classes for beginners and those who want to become more skilled in the sports of surfing and skateboarding. My business will sell surfboards, skateboards, apparel, wetsuits, and other equipment th...
Lamb, C. W., Hair, J. F., McDaniel, C. D., & Wardlow, D. L. (2009). Essentials of marketing (6th ed.). Cincinnati, Ohio: South-Western College Pub..
Etzel, Michael J., Stanton, Bruce J., Stanton, William J. (2004). Marketing. (13th ed.). Boston: McGraw-Hill.
Cravens, D. W., & Piercy, N. F. (2009). Strategic marketing (9th ed.). New York, NY: McGraw-Hill.
Armstrong G. & Kotler P. (2007) Marketing: An Introduction 8E Upper Saddle River, NJ Pearson Prentice Hall Publishers
Grover, R & Vriens, M 2006, The handbook of marketing research: Uses, misuses, and future
Briefly it is a systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company, allows management to make the changes necessary for better results through adopting a proactive approach. Therefore, if a company wants to know what type of products or services would be profitable it should make a market research. Furthermore, a comprehensive research will enable the company to know about the product imperfections (if there are) and to know if it has been able to satisfy customers’ needs. It attempts to provide accurate information that reflects a true state of affairs. Due to market research the company can formulate a viable marketing plan and estimate the success of its existing plan. There are two main sources of marketing research information:
...cular market. Companies that conduct market research normally save a lot of money by understanding what type of product or service is needed, other than entering the market blindly without knowing what to expect.
On the other hand, weaknesses existed. The primary research was the most difficult and frustrating sector, for it was difficult to keep in touch with the potential competitors; hence, a chance to learn more and analyse deeper from the potential competitors was missed. To conclude, the result and analysis of primary and market research which was based on the questionnaire was not convincing enough, and it was the main sector which needed to improve in the future.