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Development of marketing strategies and plans
Marketing Plan Assignment
To formulate a marketing strategy, one must
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There are many things that went well within our group for this marketing project. Our group collaborated very well to come up with ideas that would set us aside from any other group. Having group meetings weekly helped tremendously in the process of the final project. I had a very creative group. We all came up with a lot of ideas, and worked out the pros and cons of each which allowed us to eventually come to one great main idea. We separated our paper out into different sections and each picked a section to complete. This helped piece the paper together well. After the paper was pieced together, we all went through and edited the paper to make sure everything was well written. Our group really did work well together, which created a great environment for us to collaborate and create our marketing plan.
One thing that could have gone better in the process is actually finishing the project a week before our presentation rather than several days before. This would have allowed us ample time to fix any problems in the presentation and practice it enough to where we have it memorized. We were all stressed out several days before trying to memorize the speech. Piecing together the paper went really well, and I do not believe anything could have gone better with that besides putting in higher quality information.
One main thing I would do in order to enhance my group’s plan is to utilize the companies around Kennesaw State for sponsoring. My group was afraid to use anything with another company because we weren’t sure whether or not it was allowed, but companies would usually be more than happy to sponsor an event and get their name out. We could have also used companies as promotion for the A-Sun Volleyball tournament by placing p...
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...targeting Greek Life, there could have been a better way to direct market. Another area with room for improvement is with exposure. Exposure is key to promoting anything, especially an event. We could have used many ways of exposure that would have helped promote the tournament. We could have looked more into social media advertising, media advertising, and sponsorships. Sponsorships would have been the biggest improvement to our plan. To feed off of exposure, the final improvement that could have been to use the direct response communication channel. One in particular that we could have used is email. Email is very fast, and is free. We had no budget for this project, so mass emails would have been a great addition to our promotional plan. There were several areas that could have been improved, but our plan was well developed and the overall outcome was remarkable.
Sporting is one of the universal activities that brings people from different backgrounds together and is viewed as an income generating activity that creates revenue for the participants as well as the location where the activities are held. The NCAA Final Four Basketball Tournament is one of the most anticipated sporting events in the US that attracts a high number of fans in the cities where it is held. Before the Final Four is held in given location, it is imperative for the organizers to have a detailed understanding of the venue so that they can introduce marketing strategies that are in line with the demands of the fans (Snipes & Ingram, 2007). The host committee is charged with the responsibility to come introduce an exhilarating experience for the locals and visitors. Owing to the interest generated
... look out for high profile contacts and good image building activities especially due to the on going outsourcing concern. As community theatre boards include executive level staff these consulting companies could get high visibility and a sophisticated image by pairing up with something as ?cultured? as theatre. These companies can be requested by the boards of community theaters to sponsor the building and maintenance of the theatre websites in exchange for good PR and contacts.
The National Hockey League (NHL) is one of the most popular sports in the United States. The professional sports industry is based on profit, competition, and growth. This industry which includes, baseball, football, basketball and hockey has the ability to generate approximately $8 billion in revenues annually. This revenue is generated from, ticket profits, media revenues, licensing fees for names and logos, merchandising revenues, endorsements, luxury sky boxes, parking fees, and concessions. One famous hockey team is the New York Islander’s (NYI), who became the dominant team after winning the 1983 finals. Their fame quickly diminished in 1984 when they lost the Stanley cup finals against Edmonton Oilers, four games to one. The Islanders have not won another title since that time which resulted the team to enter a slump that would be difficult to recover from as fan attendance and sales began to decrease for the team. With fans on their last legs the New York Islander’s management team must attempt to pull this team from the miserable slump they are in. Management must develop a...
In a competitive environment where market is changing instantly, organizations are in a fix to design a strategy that could market their products enticing the consumers to buy their products and services. Market is the arena for business gladiators who fight out for maximum share and profitability and this is possible only through effective marketing strategy. Competing in present economy means finding ways to break out of commodity status to meet customers’ needs better than competing firms (Ferrell and Hartline, 2010). The intensity of competition has increased after the introduction of media and internet where the companies present their product in the best way through advertisements, product reviews, blog entries, etc. With the advancement in technological innovations, companies have found various ways of providing services to the consumers in a cheaper and effective way and this has resulted in communication revolution in late 1990’s as the cellular technology was unfold in most of the regions. Singtel Optus Pty Limited (Optus) is one such company that has evolved during this period as a leader in integrated communications and this paper is assumed to make an analysis of the company’s marketing strategy and its financial position in the market industry.
Funding for high school athletics is very sparse compared to the actual costs to run a promising team. With the most recent recession, travel/showcase teams taking over parent’s wallets, and misunderstanding of the Title IV amendment, funding for high school athletic teams has been dwindling in the past twenty years. Consolidation, taxing, and a well-orchestrated plans are all promising solutions to provide for high school athletics. Athletic facility fundraising groups are turning out to be the most resourceful and efficient source for raising the needed money. Fundraising is a prominent solution; however, the will and want of individual sports teams to improve their status is the ultimate way to get what each specific team needs.
The following plan is intended to provide a basic marketing communications plan for a fictitious company. The company in question operates in China and produces soft drinks, particularly adult soft drinks. The information in the plan has been sourced from various textbooks and online research including the National Bureau of Statistics China.
An organization must use a strategic marketing process to distribute its marketing mix resources to reach its target markets. The elements of a proper marketing mix are price, product, place, and promotion. They are the four P’s of the marketing process (Goi, 2009)
In order to evaluate my role within the group, it is important to identify what makes a group. A group must firstly consist of more than three members, “Two members have personal relationships; with three or more there is a change in quality” of the personal relationship. (Bion 1961, p26) The group must have a common purpose or a goal in order to succeed. Having now completed my group work task, I can look back and reflect upon the process that my group went through to get to the presentation end point.
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.
Ziakas, V & Costa, C 2011, ‘The Use of an Event Portfolio in Regional Community and Tourism Development’, Creating Synergy between Sport and Cultural Events, vol. 16, no. 2, pp. 149-175.
Market opportunities for breakfast cereals is vast, some segments of the market have been neglected, most notably that of the over-50’s. Insightful presentations were given at the “Older, Richer, Wiser” Conference that would suggest the over 50’s market segment is targetable.
Event marketing is defined as the "practice of promoting the interests of an organization and its brands by associating the organization with a specific activity" (Close, Finney, Lacey and Sneath, 2006). Firms use event marketing to achieve a variety of goals due to its distinctiveness, through consumer interactions. Brand awareness, sales, and image enhancement are the common reasons for participating in events. Firms investing in event marketing have the means through which they may create a hands-on experience for their target market (Sneath, Finney, and Close, 2005).
As a Graduate Assistant for Competitive Sports, I was tasked with organizing a 2-ball indoor soccer tournament, which is a sport I have never seen played before. All my research in the sport brought me right back to Oklahoma State University Competitive Sport Program. It was obvious, that it is not played as frequent in other parts of the country as much as it is here. With that in mind the question became “How is it possible to get people interested in participating such a sport?” My task was to garner a high volume of interest, game sign-up’s, and participation. Many students use intramural activity to get exercise. The literature shows that physical activity has many health benefits. Three to six hours of sport participation a week is associated
not and it will be useful to me because it will give me a better idea
Working together with other people for an assignment can be a challenging task in some cases but luckily, I worked well with my group members. The decisions we made were anonymous although we paced ourselves individually when it came to completing our separate parts of the essay. As a group I believe that we connected well on an interpersonal level as all four of us were able to make alterations to any problem together . Furthermore, we did not give each other a chance to get angry at one another as we knew that this would only cause conflict that would disrupt our flow as a group. There was an equal divide in the amount of work that we all did; our contributions were fair and no one was lacking behind. In addition, my group members were great at keeping each other informed if one of us were not able to attend a group meeting; emails were sent out informing us what we missed and ideas that were formulated. Everyone in my group worked according to deadlines and in synchronization with each other; we did not have to nag anyone to complete work or wait on a member to complete their task.