INDIVIDUAL ASSIGNMENT Course ADVANCED RELATIONSHIP MARKETING TOPIC MONITORING & CONTROLLING RELATIONSHIP Code BDMM 8013 [pic] Program Doctor of Business Administration Lecturer’s Name ASSOC. PROF.DR NOR AZILA MOHD NOOR AHMAD FAIZAL ISMAIL MATRIC NO :- 93891 Submission date: 10th August 2012 Interlude Government transformation program introduced by Prime Minister ; Dato’ Seri Mohd Najib bin Tun Abdul Razak has caused a paradigm shift to all walks of life to all Malaysian
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Report on market planning Whilst making marketing decisions a business must decide their method of marketing. This will then be the way in which all future marketing activities will be planned. This is marketing planning. It has a huge number of benefits for any business. It’s influenced by the strategic plans of the business and its corporate objectives. Large public limited companies such as Nestle will usually have an overall plan for the business and has set objectives which they’re able to
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8: Marketing strategies CHAPTER SUMMARY Summary (CHAPTER 8: Marketing strategies‚ page 211) • The marketing mix consists of four major elements: product‚ price‚ promotion and place. • Combined with these four Ps are people‚ processes and physical evidence to create the extended marketing mix. • Together‚ these seven Ps make up the strategies of marketing and become the centrepiece of the marketing plan. • The main goal of a marketing manager is to develop and maintain a marketing mix
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Assessment activity 1 Planning marketing activities Part A 1. Rate the importance of each of the following customer needs for a product or service sold by your organization‚ or an organization you are familiar with. The rating scale is one (vey unimportant) to 10 (very important). Product or service: Importance of the customer Customer need 1 2 3 4 5 6 7 8 9 10 Safety needs * Performance needs * Aesthetic needs * Social
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What is Offensive Marketing? When more than one company offers the same kind of product‚ each company only receives a percentage of all sales of that kind of product. This percentage is called a “market share‚” and any effort to take some of the market share away from one company and bring it to another is called an offensive marketing plan. (See also Flanking Marketing) In the above case of the motorcycle business of the mid-to-late 20th century‚ the Harley Davidson Company saw its market share
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MARKETING STRATEGY The field of marketing strategy considers the total marketing environment and its impacts on a company or product or service. The emphasis is on "an in depth understanding of the market environment‚ particularly the competitors and customers." A given firm may offer numerous products or services to a marketplace‚ spanning numerous and sometimes wholly unrelated industries. Accordingly‚ a plan is required in order to effectively manage such products. Evidently‚ a company needs
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1.0 Introduction According to Kotler and Armstrong (2004)‚ marketing is a social and managerial process whereby individuals and groups obtain what they need and want through creating as well as exchanging products and values with other people. However‚ marketing strategy is defined as a process that can allow a corporation to essence its resources on the best business opportunities. The organization has goals and objectives to increase sales and achieve a certain supportable competitive
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Marketing Strategies & Planning Existing company: Fender (Fender Musical Instruments Corporation) Fender is an American manufacturer of stringed instruments and amplifiers based out of Scottsdale‚ Arizona. The privately held company was founded by Clarence Leonidas “Leo” Fender in Clifornia in 1946. The company specializes in solid body electric guitars such as the Stratocaster and Telecaster‚ and solid body electric bass guitars such as the Precision and Jazz models. Fender
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Marketing strategy is defined by David Aaker as a process that can allow an organization to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage. Marketing strategy includes all basic and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation‚ evaluation and selection of market-oriented strategies and therefore contribute to
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Marvel enjoys third of profit by its licensing and distribution strategy to rule the market? When big entertainment industry and production houses are getting billions how much Marvel gets in its pocket? Every character comes to an end‚ how Marvel is going to cope with its aging characters and in an age where characters rise to rocket high success no doubt but their sustainability is questionable. To answer all these questions‚ this marketing assignment will discuss the problematic situation faced by
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