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Marketing is defined as the process whereby organisations create value for its users and develop a firm customer relationship as to get back value from their customers (Phillip et al, 2008). Marketing Orientation is whereby companies are more focused on customers and rivals when making their decisions and plan improvement (Johnson, 1998). Companies have to understand the consumer and think like them. Businesses drive growth and sustain competitive advantage by practicing the following;
Customer Focus - where companies has to look for customer insights. Companies have to start with the buyer to production. A company with a customer focus has to impact everything that takes place in the market such as; research, to engagement with innovation and product development, to the choice of communication systems that helps the company to stay in touch with the customers. Furthermore (Johnson, 1998) suggests that customer satisfaction holds long historical experiences on consumer usage utility based on consumer research and marketing strategy that involves customer loyalty and retention as the vital keys to unending success of the company.
For example, Xerox Company has a good reputation of providing customer focus. The company mainly concentrates on its products such as copiers and providing an outstanding customer support services against its rivals. It is a document processing company that produces its products with customer in mind. They provide reliable service, matched customer experience and applicable messaging to its customers worldwide that raises customer engagement (Xerox, 2014). Also Procter and Gamble Company provides customer focus by looking at their people’s work and development plans, the company’s investments plans in re...
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... Principals of Marketing. Harlow: Pearson Prentice Hall.
• Long Range Planning (2006) Market Penetration and Acquisition Strategies for Emerging Economies. [Online]. 21pp 177-197. Available from https://nile.northampton.ac.uk/courses/1/BUS2002-STD-1314/content/_1158639_1/Market%20penetration%20and%20acquisition%20strategies%20Meyer%20and%20Yen%20article.pdf [Accessed 6 March 2014)
• Northouse P G (2013) Leadership Theory and Practice. 6th. London: Sage Publications, Inc.
• Sadler P. (2003) Leadership. 2nd ed. London: Kogan Page Ltd.
• Shackleton, V. J (1995) Business Leadership. London: Routledge.
• Strategy and business issue 49, winter 2007
• Xerox (2013), Communication and marketing services. [Online]. Available at: http://services.xerox.com/communication-and-marketing-services/integrated-marketing-services/customer-communications/enus.html [Accessed 20
The company has established good relationships with most of its customers which has assisted it to create high level of brand and customer loyalty
Besides marketing its customer service, the company markets different programs according to its three major types of customers. Some of them being,
A characteristic of the marketing concept is customer orientation. Business activities are mostly engaged to produce a satisfied customer. They are there to Stress on the desires and wishes of a customer this keeps businesses on track with their target market. The best marketing decisions are completed on the foundation of making a massive impact in the market and towards customers. The consumers/people
Without good customer service and keeping your promises, your company would have loyal customers. According to 5 Focusing Steps, “If you’re not yet sold on the idea, consider that a 2 percent increase in customer retention has the same effect as decreasing costs by 10 percent. Not only that, but it costs over six times more to get a new customer than it does to keep one.” Customer satisfaction should be a golden rule of all companies.
Satisfying and pleasing customers have become something of a corporate obsession. Customer is served in the best, effective and most efficient manner and this practice has become critical.
First, customer centricity is important to channel customer centricity into their company strategy. It will get the whole workforce on track. Next, the collection should keep their customer data up-to-date. They would benefit from building a stable foundation by bringing all of their current customer contacts. The brand should also save all documents including minutes-of-meetings, emails, offers, contracts, and every payment transaction. Then, the company should establish healthy customer relationships based on their customer profile. It is always important to follow-up on customers and to make sure they stay satisfied with the merchandise. Finally, it is all about the customer. Their response is very important. It is viable to surprise and impress their customers, as well as plan and implement multi-phase marketing campaigns(CAS
Marketing is that broad area of business activity that directs the flow of services provided by the carrier to the customer in order to satisfy customers’ needs and wants and to achieve company objectives. Marketing is more than selling: it involves a number of business activities, including forecasting, market research and analysis, product research and development, price setting, and promotion, including advertising. Marketing also involves the finance activities such as credit and collection that are associated with ticket sales. Marketing is customer oriented…Without marketing and sales, there would be no airlines. (p. 274)
As a multinational, Xerox specializes in technology and services and operates under two different market environments, the macro and microenvironment. In the microenvironment, the company has influence while in the macro-environment the company cannot make market changes.
Marketing is a core pillar of an organization and contribute significantly in its prosperity through attaining the laid down targets as well as scope of development. The position of an organization is hugely based on its competitiveness and capacity to capture a significant portion of the market in relation to the prevailing needs of consumers. Interaction of the organization with the consumers and the potential consumer in the market arena is attained through the marketing wing of the organization (Ferrell& Hartline, 2012). The preferences of the consumer and avenues of satisfaction are aligned to the established marketing frameworks. However, the success of organization marketing is highly inclined to the marketing strategies formulated and adapted towards coping with competition and eventually enhancing firm competitiveness.
Xerox, best known for the clear overhead projector sheets, is a company that supplies to a mass amount of customers and businesses with a high level of customer satisfaction and speed. They accomplish this by having a sophisticated supply chain that accomplishes an expedient stream of products while delivering quality service. Xerox focuses on creating diverse product line as well as a diverse client focus. Xerox strives to keep their client base large and reaches out to even the smallest companies to keep market share to maximum capacity. In addition, they keep products flowing with an up to date transportation service to keep all products on time with delivery as well as keeping costs low. Xerox is constantly keeping up with the newest changes to technology and is capable of adapting to cutting edge technology quickly. They started out as a company that based their benefits off of clear sheets of plastic and evolved into one of the most important large scale companies that deal with printers to management of documentations. The company is constantly flourishing and creates a base for their business to evolve into any market it wishes.
-Customers: The company felt the importance of being customer-centric and innovate by adapting to customer
The major objective of any company is to make profits. Marketing is responsible for identifying a company’s customers anticipating their needs and wants, satisfying theses needs while keeping the its major goal which maximizing profits
Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.
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.”
Customer Value is important to my company. My Company knows who purchase their goods and services and why these consumers view our offerings as having the highest value to them.