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The different aspects of marketing
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Marketing Concepts
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“Our greatest fear is not in never falling, but in getting up every time we do.” – Confucius At the start of this module, I had no idea what to expect. When I heard the term “Marketing”, only one thing came to my mind: presentations. When I used to be in school, I remembered vaguely that my presentation skills weren’t exactly even close to Suze Orman, who is considered to be America’s most motivational speaker. In fact, they were so bad, I wasn’t sure of doing this course in the beginning. But then it wasn’t like I had a choice. I had opted for BA Hons. Business Management and the course came along with a module named Marketing. It was made clear in our first seminar that there would be group presentations in the subsequent seminars and everybody would be given the chance to speak. This was to ensure that at the end of year, we would not be having any stuttering problems or major tension in facing the class during our presentation week. I realized along the way, that this not only helped me improve my presentation skills but it helped me get closer to the subject marketing. What I feared was so temporary; before long I enjoyed my marketing class more. I looked forward to those group activities, in which we were given time to converse, to find out about each other and also to know what exactly we were learning. It was through these activities I understood the subject more intensely. Presentation week started in week 20, continuing till week 21. That’s when the pressure and tension started building all around as well. We were asked to conduct an analysis on a local Dubai based small organization. There were four requirements to be completed: an analysis of the internal environment followed by the PEST analysis, SWOT analysis and ... ... middle of paper ... ...from: Http://anzmac2010.org/proceedings/pdf/anzmac10Final00140.pdf [Accessed on 18th April, 2012] Jobber, D. (2010). Principles and Practice of Marketing. (6th edition), London: McGraw Hill. Shehzad, B. (2012). International Environment, Room 013, Block 16, Middlesex University Dubai. (5th April, 2012) Mystrategicplan.com. (2012). Internal and External Analysis. Available from: http://mystrategicplan.com/resources/internal-and-external-analysis/#Competitive%20Analysis [Accessed on 18th April, 2012] Young, D. (2012). International Marketing, Room 009, Block 17, Middlesex University Dubai. (18th March, 2012) Young, D. (2012). Green Marketing & Marketing Ethics, Room 009, Block 17, Middlesex University Dubai. (25th March, 2012) Young, D. (2012). Managing Marketing Implementation, Room 009, Block 17, Middlesex University Dubai. (1st April, 2012)
McDaniel, C., & Gates, R. (2007). Marketing research essentials (6th ed.). Noboken, NJ: John Wiley & Sons.
Aaker, D. A., Kumar, V., & Day, G. S. (2007). Marketing Research (9th ed.). Hoboken, JN:
After some serious consideration I think it is time for our hotel to join a loyalty program. As an independent boutique hotel we have many more amenities than the Hilton that is just down the street, we offer more personalized service, unique rooms and are in a more comfortable setting. However we still fail to achieve their higher mid week ADR’s which are driven by a solid corporate base.
McDaniel, C., & Gates, R. (2006). Marketing Research (7th ed.). Retrieved from The University of Phoenix eBook Collection database.
Academy Of Management Review, 38(3), 352-376. doi:10.5465/amr.2011.0179 Ferrell, O.C. & Hartline, M. (2011). The 'Secondary'. Marketing Strategy. 5th edition. South-Western/Cengage Learning -.
Currently, businesses are facing a growing societal pressure to perform responsibly and sustainably. Western cultures have become more aware of the effect their consumption has on the environment. Furthermore companies are being put under pressure to treat labour, and where applicable, animals with greater care. However this is to an extent optional and it is often argued that corporate social responsibility is taken up voluntarily by the business and that following laws regarding ethical trading is just a prerequisite to “fulfilling the responsibility of enterprises” (Enderle, 2014, pp 723 - 735). Some businesses have monopolised on the added value of ethically sourced products, through promoting a positive brand
Our sessions with the design institution has though me so much that in a meeting I showed the marketing team a new way of doing PowerPoint presentations where a picture is worth a thousand words and not to use death by powerpoint. This I learn from this our session at the SABS. This has now created opportunities for me as now I am actively been ask to get involved in marketing meeting and processes, this has made me grow as a leader as well. I was strategically involved in designing and launching an online survey with our customers to understand the views about our company again something learn during the course, the more people you ask the greater you view becomes of the world around you. Once this survey is done we are going to have a strategy meeting to discuss the way forward. Marketing is one department that is at the heart of any good company as it is what will attract a customer to
McDaniel, C. & Gates, R. (2006). Marketing research (7th ed.). Hoboken, NJ: John Wiley & Sons.
Kotler, P. (2000). Marketing in the 21st century. Marketing Management Millenium Edition, Tenth Edition, New Jersey: Prentice Hall.
Aaker, D. A., Kumar, V., & Day, G. S. (2007). Marketing Research (9th ed.). Hoboken, NJ: John Wiley & Sons.
Marketing involves making consumers aware of the value of a product or service offering with the aim of increasing sales for the product or services, developing brand loyalty, and promoting the good or service. There are several techniques used by companies in marketing. These techniques are aimed at ensuring consumers are aware of how the new offering by the company satisfies their needs. Further, application of sound marketing techniques ensures that marketing is an exchange process that results in the long-term relationship. Transactional marketing and Relationship market are two of the common types of marketing applied by organizations who seek to develop their long-term relations with consumers or increase immediate sales for a product
During my last year in high school, I developed a desire to learn and understand the business in order to help my parents in the future. As a result, I chose to study Marketing at Thammasat Business School. In my third year of studies, I joined the 27th Marketing Trainee Programme hosted by the Marketing Association of Thailand, where I have experienced first-hand training from professional marketers and took part in marketing stra...
Gazzale, L (2007), retrieved January 22, 2007 from University of Phoenix, Main MBA501 week five environmental scanning thread
In all reality, all businesses will, in some way shape or form, complete all of the marketing activities, even if completing these activities is not their main goal. (Dlabay 2006.) These marketing activities are product, place, price, and promotion. A business tool called that marketing mix takes all of these activities and puts them together in a way that can be used to help improve a business’s marketing strategy. Product is what the company is selling; Place is where the consumer will obtain this product; Price is what the consumer will pay for the product; Promotion is any type of communication that is intended to remind, inform, or persuade. (Dlabay 2006.) The marketing mix and the four P’s describe very well what business marketing is all about.
Before taking this course, marketing was all about product and the promotion of that product. I took a marketing course during my undergrad about 7 years ago that emphasized the 4 P’s. Building a strategy around promoting a product and/or service seemed to be the most fundamental concept of marketing to me. My narrow thinking soon changed after going into the workforce and after taking this course. Marketing is more than just telling potential and current consumers about your products and why they should buy it. Marketing truly encompasses all areas of business. A great marketing strategy needs to focus on all the new strategic marketing elements of positioning, product, logistics, price, integrated marketing communications, and service. It’s