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Role of marketing mix
How does marketing mix affect business
Role of marketing mix
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The development of the business relies heavily on the marketing plan, which descends to the meanings of many marketing mix, but the most important depends on the development of customer relationship management strategy, which is key in the production and innovation of products according to the desire of customers and satisfaction with the product, Requirements of the company and customers. In this, TMA I will explain the concept of marketing and program management of customer relationship and also marketing mix.
Question 1:
Marketing is a big concept that is difficult to define or know the meaning of one side or a specific angle because of the company's reliance on it in many aspects and complex issue for successful company strategy. There
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Market through the "marketing mix" which is: product, price, place, promotion. As part of the managing and balancing between strategy and the marketing mix, the Kellogg Company announced that while creating a balance between strategy and marketing mix, the company has developed a unique brand that has helped to raise sales and service levels. The Kellogg company managed the marketing mix through 4P's and the product was the First, the Kellogg chose the product of breakfast cereals with high and light characteristics, which were studied extensively, as well as the researchers conducted by the company in order to know the best product for the customers. Second, is the price, The Kellogg prices the product according to the market conditions and also sets flexible prices in order to compete and obtain the competitive advantage which depending on the growth of sales, however, Kellogg most of the time put discounts and vouchers to win the satisfaction of the customer and success in the market. Third, place, where the Kellogg sells its products through the force of direct sales for resale by the grocery stores and also used the system of intermediary and distributor of certain products and the system of delivery of direct stores such as super brand and distribution through electronic commerce. Kellogg focuses on the emerging market, which contributes to making the company's products available to all customers. Fourth, the promotion, Kellogg built a large brand and used promotional strategies to increase the share of sales, where it sponsored some of the concerts and events under the publication of the brand such as gymnastics and a series of children
Marketing In this day and age is vital for a company to perform at its possible best. Marketing’s main focus is to give great satisfaction to a customer. There are many aspect of marketing, these aspects give marketer’s the tools to help strive for the best possible success they can achieve. They hope that they can create exposure for their brand, product or service.
Marketing is a very powerful tool. Unknown to many individuals, the influence marketing has on them is far more than mere visual and audio stimulation. It effects their perception of their surroundings and themselves. Marketing how the power to form our perception of life. A successful company understands this principle and harnesses the power of effective marketing.
Marketing is the process of searching for options for accumulating profits by identifying the demands of the people and satisfying their needs with appropriate products. In today’s globalized business world, marketing can play a vital role in establishing trade blocks all over the globe with competitive and cutting edge market, research, policies, strategies and activities.
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.
Marketing in a lay man's language is about matching the needs of your target market to what your business is offering in the right place, with the right price and at the right time. It is not possible for the business to get close to the customer without good marketing. Good marketing will involve a good understanding of the target customer and tailoring of your product and services to meet their need. This is then communicated through your marketing efforts. Selling ensures the offering is translated to paying customers.
MARKETING - Marketing is a process of identifying the needs of consumers , manufacturing the products according to their needs and wants and then distributing the products to the consumers where they want and when they want. Thereby creating the place and time utility.
Continuance of positive public relations via media outlets will create additional brand awareness and is an integral part of the promotional mix. Customer Relationship Management Strategies In order to achieve marketing goals, and clear and well developed strategy for customer relationship management (CRM) must be established. The strategy serves as the framework of how you interact with your current and potential customers, and directs the type of message and content you deliver to your customers.
NEW BRAND STRATEGY Based on the challenge identified, regarding to the customer concerns over consumer health and wellbeing and the high sugar content contained in breakfast cereal products, as a strongly recognised brand, for great nutritional value, Kellogg’s ‘Special K’ requires implementing a brand extension and functional positioning strategy, in which the company can extend the existing brand to a new category, with the same name, and solve customer issues through providing tangible benefits. A new ‘Special K for Kids’ brand extension, enables Kellogg’s to provide a product of great nutritional value to consumers, children, whilst being viewed by customers, parents, as a beneficial product of purchase. A multidimensional marketing strategy,
To begin with, the definition of marketing has different explanation for different individuals so it is highly controversial (Kotler et al., 1983). The Marketing Association of Australia and New Zealand (2005) also states that there are diverse description of marketing and the concept of marketing is different from earlier time which is more restricted to present time which is boarder. However, it is comment that although in the different time period the concepts of marketing is different, the key points such as understand customer wants and needs will always expected rel...
A good definition of marketing is the process of the intermediary function between product development and sales. (Reddy ) The field of marketing entails taking a generic product or generic service (the product or services do not have to be “generic” they may be actually unique to the marketplace) and associating the generic product with a brand name (Petty 2001). Under this generic concept are the activities of advertising, public relations, media planning, sales strategy and so on.
As shown in Figure 1 there are many different definitions for Marketing. The key is that they all share a common theme, marketing is: “Meeting the needs and wants and providing benefits for customers.”
Given the product, personal selling would not be a part of our marketing plan. Personal selling would involve the customer being met in person by a representative of the company (Gillespie and Hennessey, p. 407). Given our plan of extensive distribution, this seems like too much for a grocery snack. However, personal contact is extremely important to the Asian culture and it could be something worth pursuing in the future (Onkvisit and Shaw, 2009). It might be better for personal contact to come through a different source that is not our company; rather, a person or source steeped into the culture. When personal selling does happen in South Korea, it is a general rule to be modest and humble.
Ryals, L. (2005). Making Customer Relationship Management Work: The Measurement and Profitable Management of Customer Relationships. Journal of Marketing, 69(4), 252-261. doi:10.1509/jmkg.2005.69.4.252
Customer relationship management has become the marketing buzzword of the past two decades with business-to-business firms jumping in, many without really being certain of what they hope to achieve from it, and oftentimes being disappointed with the results.
Customer relationship management is a cross-functional process to achieve a continuing dialogue with customers, across all their contact and access point, with personalized treatment of the most valuable customers and to ensure customer retention and the effectiveness of marketing initiatives. It is also provide the chance for customers to interact with the brand.