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Importance of marketing
Importance of marketing
Importance of marketing
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NO DREAMER IS EVER TOO SMALL, NO DREAM IS TOO BIG
At the age of ten, I did not have the faintest idea of marketing, Ansoff growth matrix or Boston box. However, I did feel brands such as Coca-Cola, Doublemint or Honda. In my early childhood memory, I still remembered how exciting it was to take part in the promotion campaign of Coca-Cola to win a stylish mountain bike by collecting all six parts of the bike picture printed under Coke bottle caps. As I witnessed the interesting and stimulating ideas about lifestyle these brands spread out, I was deeply impressed with how they inspired people and became part of everyday life. Since that time, I had dreamed to join these colossi and contribute to the development of long lasting brands.
That was of the early twenty-first century when Vietnam was at the dawn of globalization and marketing had its very first step in local business. At that time, entrepreneurs who successfully applied new Western business models in Vietnam such as e-commerce or convenience chain stores made a name for themselves and earned society’s respect. As a young student, I was fascinated by their branding stories. Therefore, I joined Tomorrow Entrepreneur Club, one of the strongest clubs in the university aiming at incubating young student entrepreneurs. During that time, I engaged in various activities from designing leaflet, posters, organizing events for students to partaking in a student business start-up. I decided to trade off my academic achievements of the first three semesters at university against work experience to gain an insight into business, particularly marketing.
Adults could consider these first three semesters as a failure of mine, as my average point at university plummeted from good to abo...
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... 1933, are from UK. UK universities also dominate 28% in the 2010 European business school ranking table by Financial Times . Moreover, UK is the home of world-renowned marketers such as Harry Henry or David Ogilvy, who has been called "the most sought after wizard in the business" by TIME . Studying marketing in the UK will not only provide access to the most innovative approach but also open up exciting opportunities to expose myself to international environment. I believe I am ready for this new and exciting challenge in the long journey to my dream of branding.
Works Cited
Vincent van Gogh
Bill Gates
http://www.usnews.com/education/worlds-best-universities-rankings/best-universities-social-science
http://rankings.ft.com/exportranking/european-business-school-rankings-2010/pdf
Ogilvy on Advertising, David Ogilvy, First Vintage Books Edition, 1985, back cover
Although they are regarded by many as threatening to our health, destructive to our environment and corrupting our children, brands are an important part of the postindustrial commercial life.2 Many recent books have been chanting an anti-brand rhyme: Eric Schlosser’s Fast Food Nation (2001), François Dufour and José Bové’s The World is Not for Sale (2001), and most importantly, Naomi Klein’s No Logo: Taking Aim at the Brand Bullies (2000). But still, brands are everywhere: “products, people, countries and companies are all racing to turn themselves into brands — to make their image more likeable [sic] and understandable.”3 Madonna, Canada, Starbucks, Martha Stewart, The European Union, Microsoft are all selling the greatness of being alive, surrounded by their music, culture, coffee, craft, money, software, etc.
More important than product, people, and advertising, branding is going forward as one of the most important factors in a business. While Klein has a bias against branding and wishes the reader a word of warning, in this specific essay she focuses on what branding means for the future. Klein starts off her minor claims with the bloating of corporations. “A consensus emerged that corporations were bloated, oversized; they owned too much, employed too many people, and were weighed down by too many things (Klein 769).” Through the use of branding, these same businesses could cut down all of their problems and payrolls through importing and simply putting their brand name on the product. Then when the dreaded “Marlboro Friday” happened, and it seemed that all brand significance was for naught, Klein showed us examples of businesses that thrived from a new age of marketing. “For these companies, the ostensible product was mere filler for the real production: the brand (Klein 774).” With brand driven marketing rather than product driven sales, businesses soared with selling the idea of their products more than their products quality. Using the example of Starbucks, Klein also supports her claims of branding not through marketing but weaving its name into products and culture. “The Starbucks coffee chain was also expanding during this period spinning its name into a wide range of branded projects: Starbucks airline coffee, office coffee, coffee ice cream, coffee beer (Klein 775).” By spreading its name not through marketing, but through spreading the brand through new and different products Starbucks found success in turning their brand concept into a virus and sending it through cultural sponsorship, political controversy, consumer experience and brand extensions. These forms of image building could make a company like Starbucks successful with branding over
Frances Scott Fitzgerald’s novel, The Great Gatsby, is written in the 1920’s setting and focuses on the American Dream. Gatsby, the protagonist, strives to make his American Dream, the achievement of wealth, social status, and family a reality but fails by paying the ultimate sacrifice—his life. Today, many people believe in coming to America to pursue the American Dream, yet they do not realize they are pursuing an inexistent achievement. People pay a high price as well because they spend so much of their lives working on achieving their dream and when they fail, it is as if they wasted their entire life. Similar to Gatsby’s efforts, today’s society defines the American Dream in the same way as Gatsby, causing people to sacrifice their morals, friendships, and lives in their journey towards this unattainable dream.
Ehmke, C., Fulton, J., & Lusk, J. (2005). Marketing's 4 P's: First Steps fo rNew Entrepreneurs. Retrieved from Purdue Extension : https://www.extension.purdue.edu/ec/ec-730
These terms helps every brand to cross every hurdle and give them a wings to fly a stage to rise and shine. Aldo Group is one of the best example of this a man who fascinated by dream to make a brand-that cares with strength in his dreams he makes a global brand which nowadays sells products and give amazing services in every shopping mall. The son of a shoe merchant is now on a 48th place in top 50 richest people having a net worth of $2.07 billion. This story excites and encourage everyone to work hard on their dreams and to show the world that nothing is
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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...
In spite of the rigors associated with a career in marketing the outlook for the profession is bright. Marketing is a vital necessity not only for business firms, but is also needed and utilized by governments, educational, religious, social service, and nonprofit organizations or institutions. Perhaps the most alluring aspect of a career in marketing is the fact that it provides a great number and variety of job opportunities, and can offer opportunities to both number crunchers as well as intuitive creative people as well.
Thanks to my fascination with PepsiCo and partly because this is an assignment, I went online and search for some of PepsiCo’s most successful and ongoing marketing campaigns and strategies. During my research I noticed several daring marketing strategies Pepsi employed throughout the years. For example, gaining the support of Michael Jackson in the 1980’s and latest gaining the endorsement of global pop star Beyoncé.
Marketing and branding, two of the most common used words in the contemporary world, is closely linked to each other without doubts, but the importance of branding to successful marketing is enquired to measure in term of the question. In fact, various people have different ideas on marketing and branding. For most of people, or customers, the two are normally combined in their minds or even equal to each other. For example, people could raise Apple as the answer for both questions of "what is good branding" and "what is successful marketing". In fact, they are two separate topics on academic, and branding is just one of the numerous marketing activities apparently. However, the perception of consumers might be a good guide to answer the question.
The practice of brand management is a key component of marketing and performs an integral function by motivating the wants and needs of consumers. It is known that marketing can shape consumer needs and wants, however, consumers today appear to be more knowledgeable about the information regarding products. Consumers lead busy lives and have therefore gone to the internet as one of the many channels to learn about products in order to make informed decisions. This paper will discuss the argument that marketing should reflect the needs and wants of consumers rather than shaping these attributes. Due to the speed and ease of obtaining information, consumers do not take at face value strong marketing efforts that appear to be overly aggressive and push a brand rather than just being informative. Brand managers have to be aware of these changing dynamics and carefully craft brand management practices to meet the demands of consumers.
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