sector of the economy. It is composed of many distinct businesses‚ each of which is an industry. So developing shopping malls‚ putting up prime downtown commercial space‚ and brokerage are all industries. Each of these industries has a different economic logic. Each of them is different in terms of its fundamental attractiveness. You’ve got to understand how attractive the industries are in which you are competing and you have to understand how they are likely to change over time. Hopefully‚ your
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CONCEPTUAL/THEORETICAL PAPER Strategic marketing and marketing strategy: domain‚ definition‚ fundamental issues and foundational premises Rajan Varadarajan Received: 20 April 2009 / Accepted: 24 September 2009 / Published online: 28 October 2009 # Academy of Marketing Science 2009 Abstract This paper proposes a domain statement for strategic marketing as a field of study and delineates certain issues fundamental to the field. It also proposes a definition for marketing strategy‚ the focal organizational
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The advent and prosperity of the Internet has provided many marketers with a platform to spread brand awareness. E-Marketing is defined by Chaffney as “The management and execution of marketing using electronic media such as the web‚ e-‚mail‚ Interactive TV‚ IPTV and wireless media in conjunction with digital date about customers characteristics and behaviours”(Chaffney‚ 2006 p. 10) In “2009 brands spent half a billion pounds on internet advertisers‚ up from £114 million in 2002“(mintel‚2010) This
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SOCIAL MEDIA MARKETING vs. ONLINE MARKETING vs. DIGITAL MARKETING Recently we see a lot of confusion between terms “social media marketing“‚ “online marketing” and “digital marketing“. The tendency to confuse those terms and use them as synonyms is clearly seen in the job postings. While there are lot of similarities‚ a job titled “Director of Social Media Marketing” (for example) is much less demanding expertise –wise than a job with a title “Director of Digital Marketing“. If we go by the
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BP ’s Marketing Strategy in Changing Business Environment 1. Introduction Multinational corporations operating in complex and diverse political‚ economic‚ social and cultural environments have to improve‚ adjust and develop their marketing strategies on a regular basis (Bamberg‚ 2009:46). Changing environmental factors create new conditions for their operating‚ which often require considerable and serious changes in strategic decision-making and positioning of companies. Inflexible and
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entering global markets. Ans. I think the controllable factors that Starbucks has encountered entering the global market are similar to those in their domestic market. These factors include product‚ price‚ place and promotion. The Starbuck’s name and image connect with millions of consumers around the globe. Internally‚ Starbuck’s is able to make adjustments to fit a county’s cultural tastes and expectations regarding their product‚ it’s price‚ where it is available and how it is marketed. Starbuck’s
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SOCIAL RESPONSIBILITY‚ CONSUMERISM‚ AND THE MARKETING CONCEPT Robert D. Winsor‚ Loyola Marymount University ABSTRACT This paper compares the often-criticized "selling orientation" or "selling concept" with the commonly-praised "societal marketing concept "from the perspectives of consumer rationality and persuasibility. It is suggested that both orientations view consumers as relatively irrational and as easily prone to manipulation by marketers. The implications of this similarity are explored
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Kristy Cook Quiz 2 April 18‚ 2013 Marketing Sales and Channel Management MK 4200 Q. What are the three main methods of closing demand-side gaps? Three main methods of closing demand-side gaps exist: (1) expanding or retracting the level of service outputs provided to the target market; (2) offering multiple‚ tiered service output levels to appeal to different segments; and (3) altering the list of segments targeted. To close the gap we can use the first method of expanding the level of
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Introduction to Marketing Environment Firms are affected by lots of different things; a firm’s marketing environment is made up of all of the things that affect the way it operates. Some of the factors in a firm’s marketing environment can be controlled by the firm but some are uncontrollable. Firms need to understand their marketing environment so that they can make the most of positive factors and manage the impact of negative factors. The market environment is a marketing term and refers to
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Changing trends in Tax and non-tax revenues Trends in tax revenue Some of the other features of trends in tax revenue are as follows: • Tax revenue‚ on an average‚ could finance about 60 per cent of thecenter’s revenue expenditure during the eighties. The proportionduring nineties‚ however‚ was about 55 per cent only. • Continuing reforms and rationalization of the tax structure‚ haveresulted in a structural shift in composition of tax revenue • A fall in the share of indirect tax
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