Preview

The Marketing Game

Powerful Essays
Open Document
Open Document
1567 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Marketing Game
Executive Summary

The MARKETING GAME has taught me and given myself an abstract experience on how a marketing manager would perform in a company selling a voice recognition device and able to use an virtual program that calculates and generates financial reports. Besides that, I got to learn how to analyze and selecting target markets and implementing the marketing mix, which were 4 segments, wholesale of $120, using indirect competitive advertising and indirect distribution which is full service dealers only. To : Director from Firm G2
From : Gabriel Philip George, Marketing Manager
Subject : Interim Report on The Marketing Game, TMG

Introduction
This interm report begins with the definition of TMG. TMG which means The Marketing Game. Authors and designers, Charlotte H. Mason and William D. Perreault Jr. developed this simulation game to teach students how to

First of all, I’ll like to begin this interim report by explaining what the term TMG is. TMG stands for The Marketing Game, a program developed by Charlotte H. Mason and William D. Perreault Jr. that teaches you how to assume the role of a marketing manager in a company that develops and markets a voice recognition device, model name VoiCtrl that is able to control computers thru verbal commands for example word processing, internet browsing, and playing MP3 music files.
The aim of the game is to teach me the roles of a marketing manager which is to analyze customers and their needs. Besides that, I learn how to plan strategies by selecting target markets and implementing the marketing mix, which are Customer, Product, Price, Place and Promotion to position the voice recognition device in the electronic market.

Market Segmentation is a process of separating a group of people into smaller groups of potential customers with different needs in this case, their VRD needs in terms of able to use different application also when consumers with identical product and service needs are

You May Also Find These Documents Helpful

  • Good Essays

    Before making any marketing strategic decision, it is always important to review the MM’s current go-to-market strategy, collect and analysis past and present data in order to identify opportunities and threats which may have potential impact on both short-term and long-term performance, and the…

    • 1009 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Market segmentation- ‘’ market segmentation is the technique used to enables a business to target the needs of different customers. It is about identifying the specific needs and wants of customers…

    • 3211 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Perreault, W. D., Jr., Cannon, J. P., & McCarthy, E. J. (2011). Basic marketing: A marketing…

    • 1631 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Marketing 205

    • 1452 Words
    • 6 Pages

    In marketing a product you must know what you are going to market. Knowing the definition of marketing will help you understand the product being sold. When it comes to the gaming systems there are many to choose from. However the All in One gaming system has it all. The following is the marketing process for the system.…

    • 1452 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    P5 Segmentation

    • 1711 Words
    • 7 Pages

    Market segmentation is where marketers split the market into groups with similarities that would make it easy to target their product to the consumers, if they do not do this then they could waste money and time on targeting the wrong people. The company would be trying to maximise their sales so that they can gain as much money as possible. Using market segmentation could mean a business could gain a commercial advantage as they would be advertising to a specific audience, they would be matching target audience and the product effectively.…

    • 1711 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Mkt 421 Wk 1 Individual

    • 886 Words
    • 4 Pages

    Perreault, W. D. Jr., Cannon, J. P., & McCarthy, E. J. (2011). Basic marketing: A marketing…

    • 886 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Marketing Game

    • 334 Words
    • 2 Pages

    Trading partner of the Green Island had more capital than labor. The country benefited as a result of trading internationally and specialization. Ohlin argues that not all members in a country gain from specialization, for example, the capitalists. In case of hiring more workers and reducing capital to produce goods, it will result to increase in wages and a lower income to the capitalists.…

    • 334 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Marketing management philosophy used Harmonix, at first, was production oriented. The company focused on some demo software they had created in 1995, and the company focused on the internal capabilities rather than the wants or needs of customers. Then they tried the make a product by persons who wants know that will feel be a rock star and decide to engage with their customers, changing their philosophy to the market orientation. Since 2004 the company searched for the wants and likes of the customers creating products such as the microphone in karaoke Revolution, and in 2005 Guitar hero. This means that the company took actions by creating products to deliver and provide value to customers. The company seeks to satisfy needs , wants and likes of the customers with their products.…

    • 609 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Reality In T. V Court

    • 163 Words
    • 1 Page

    So lets separate reality from fiction in T.V. court shows or movies. Its expected mas drama and suspense with lots of surprisingly events. In many cases, just like with federal and also in the state level, we don’t usually convict judges, but judges usually are stating, “Over Rule” to an objection or “Sustain.” There is a movie called “The Judge” with great actors from Robert Duval (Joseph Palmer) as the judge from Indiana and Robert Downey Jr. (Hank) is the son a defense attorney while Billy Bob Thornton (Dwight Dickham) is the prosecutor looking to prosecute “The Judge” for first-degree murder. In real life Judges, attorneys, victims and offenders all go through a stage or stages of stress. During the case of “The Judge” Hank is interrogating…

    • 163 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    Organizational Presence

    • 1186 Words
    • 5 Pages

    Market segmentation is the process of grouping a market into smaller subgroups (Market segment, 2010). Advancements in technology offer customers options when it comes to shopping and getting the things they want and need. No industry has been completely untouched by technology. Companies are being forced to broaden their considerations when they begin to reach out to the different segments they target. It’s not only the younger generation who is utilizing new technology to transact daily business affairs. A…

    • 1186 Words
    • 5 Pages
    Best Essays
  • Best Essays

    ‘Product is a key element in the overall marketing offering. Marketing-mix planning begins with formulating an offering that brings value to target customers. This offering becomes the basis upon which the company builds profitable relationships with customers (Kotler. P, Armstrong. G, pg – 218, 2008).’…

    • 4472 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    Coffee and New Tap App

    • 3313 Words
    • 14 Pages

    Perrault, W. D., Cannon, J. P., & McCarthy, E. J. (2011). Basic marketing. A marketing strategy…

    • 3313 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Over the past two decades marketing has seen various changes. These changes are mainly coming from the intervention in technology, especially with the application of information technology (IT). Yet, as more marketing changes, more it seems they are the same. It is still a dynamic, competitive and creative activity that is the part of our day to day life. Marketers always wanted to understand the need of the market and try to satisfy the consumer demand. For this, they create or modify products or services, communicate about the new products or services and their benefits, distribute and sell in such a manner so that customers can get the maximum value from the product/services. In this process, they have to understand the target segment, their willingness to buy and ability to buy, economic condition, communication strategy, competitors offering in the market, pricing strategy, supply chain network,…

    • 458 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Hasbro's Sox Essay

    • 459 Words
    • 2 Pages

    Subjects covered: Advertising; Consumer marketing; Gaming; Innovation; Marketing implementation; Marketing strategy; New product marketing; Product introduction…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Principles

    • 4269 Words
    • 18 Pages

    “Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development.” (Kotler P, et al 2009)1…

    • 4269 Words
    • 18 Pages
    Powerful Essays

Related Topics