1. Marketing in Today’s Economy (26) (27) Commodity Hell - Bad economy (commoditization‚ low price leaders do well‚ starbucks example) (28) The Challenges and Opportunities of Marketing in Today’s Economy Advances in computer‚ communication‚ and information technology forever changed the world Power Shift to Customers Massive Increase in Product Selection Audience and Media Fragmentation Changing Value Propositions Shifting Demand Patterns
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IKEA’s Marketing Strategy One thing that makes IKEA becoming the best known global furniture retailer in the world is its marketing strategy. IKEA is a strong ban and many people across the globe think of IKEA when they thought about furniture. The key success of marketing strategy is IKEA’s standardization. IKEA stores around the world look alike and they all contain core value of organization’s culture. It looks and operates the same in every market markets. However‚ IKEA stores have to adapt
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complex because of conflicting marketing targets and conflicting marketing factors. Rationalization of the brand portfolio allowed our competitors to increase revenues by 50%‚ margins by 100%‚ and strengthen its positions on the market. We are facing the need to change in order to be able to keep up with the competitors. * Our strategic alternatives are: 1) to internationalize the brand portfolio 2) to stay in differentiation strategy 3) to adjust with adaptive strategy (Think Global‚ Act Local)
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Marketing Strategy Case Analysis – Apple Inc. Content Introduction -----------------------------------------------------------3 SWOT analysis -------------------------------------------------------4 Question 1 -------------------------------------------------------------6 Question 2 -------------------------------------------------------------7 Question 3 ------------------------------------------------------------10 Recommendation ---------------------------------------------------12
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WHSMITH In the context of global expansion and competition of numerous businesses‚ effective marketing management is one of the key factors of success‚ playing an essential role in obtaining competitive advantage. Hence‚ the success of a company is determined by its ability to identify customers’ needs and offering products and/or services to satisfy them. WHSmith is a UK brand with world-wide recognition‚ best known for its chain of shops selling books‚ stationery‚ newspapers‚ magazines and
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IKEA’s Marketing Strategy IKEA is a privately held‚ international home products company that designs and sells ready-to-assemble furniture. The company is the world’s largest furniture retailer. It was founded in 1943 by 17-year-old Ingvar Kamprad in Southern Sweden. As of October 2011‚ IKEA has 326 furniture stores‚ operates in 38 countries and engages 1‚500 suppliers of 12.000 products. In fiscal year 2010‚ it sold $23.1 billion worth of goods‚ a 7.7 percent increase over 2009 (http://en.wikipedia
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As the bee searches for nectar‚ flowers are pollinated‚ crops grow.... Every small action makes a big difference. SUSTAINABLE DEVELOPMENT REPORT‚ 2009 CONTENTS 1 Introduction 2 Our business & brands 4 Sustainability strategy Making a difference through our brands Enhancing livelihoods through partnerships Building responsible leaders HIGHLIGHTS 45‚000 Shakti entrepreneurs serving more than 1‚00‚000 villages across India 10 Consumers 18 Business partners 22 Employees 19 tea estates
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Agenda • • • • • • • • • • Organizational Overview Industry Snapshot Competitor Analysis Financial Analysis SWOT Overview Current Strategy Strategic Issues Recommended Solutions Implementation/Justification Recommendation Recap Organizational Overview • • • • • • Founded by Sebastian S. Kresge in 1962 Number 3 discount retailer in the U.S. Operates 1‚479 stores in 49 states Maintains 3 retail concepts Filed bankruptcy in 2002 Merged with Sears‚ Roebuck & Co. in March 2005 Industry Analysis
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Evaluate NASCAR’s branding strategy in relation to its overall marketing strategy. Could NASCAR have done anything differently to insulate itself against the economic downturn? NASCAR has been successful in promoting its brand name by integrating a number of marketing initiatives into its strategy that include partnering and co-branding with other businesses and companies. These endeavors included putting various logos on the jumpsuits of the race car driver and on the race care itself from
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Competition is at core of success or failure of firm Competitive strategy is "the search for a favorable competitive position in an industry" Competitive strategy aims to establish profitable and sustainable position against forces that determine industry competition 2 central questions underlie choice of competitive strategy: 1. Attractiveness of industry for long-term profitability and factors that determine it 2. Determinants of relative competitive position within an industry Industry attractiveness
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