Question: Should companies involve their marketing channels in the design of the promotional programs? What are the advantages and disadvantages of doing so? When a company is looking at promoting a new or existing product or service‚ the involvement of their marketing channel during the design of the promotional program is key component. According to the text Excellence in Business (Bovée‚ Thill‚ Mescon; p. 417-418)‚ a market channel is the network of firms that work together to get goods
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using the various channels of distribution. INTRODUCTION A service can be defined as an essentially intangible benefit either on its own right or as a significant part of a tangible product which through some form of exchange satisfies an identified need (Palmer‚ 2001). From the dictionary it is said to be a system or organization that provides for a basic public need. Distribution is the process of making a product or service available for use or consumption by a consumer or business user
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Distribution Channels Discovery Learning Exercise #6 (20 points) 1. What happens on Facebook‚ stays on Facebook? An importance of social media for the tourism‚ recreation‚ event and hospitality industry is constantly growing. a) Assume you are a revenue manager at a business of your choice (hotel‚ travel agency‚ cruise line‚ theme park‚ recreation‚ sport management company‚ event planning company‚ etc.). Please specify the industry segment that you selected for this question. a. Hotel Revenue
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which the product is initially promoted. Public awareness is very important to the success of a product. If people don’t know about the product they won’t go out and buy it. There are two different strategies you can use to introduce your product to consumers. You can use either a penetration strategy or a skimming strategy. If a penetration strategy is used then prices are set very high initially and then lowered over time. This is a good strategy to use if there are few competitors for your product
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Q1) How would you interpret the consumer and market data if you were Dana Wheeler? I would first try to see if I could classify the data into various segments. The fashion channel is very popular among women. Hence‚ I would differentiate between the women viewers based on age‚ spending capacity‚ fashion nerdiness‚ etc. These will become subsets of the superset “women viewers”. Once‚ I determine the segments I would look for any noticeable trends in the segments that will prove profitable for the
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지식공유 리엔지니어링 : Reengineering 업무재구축’이라는 말로 번역되는 비즈니스 리엔지니어링은 인원삭감‚ 권한이양‚ 노동자의 재교육‚ 조직의 재편 등을 함축하는 말로서‚ 비용·품질·서비스와 같은 핵심적인 경영요소를 획기적으로 향상시킬 수 있도록 경영과정과 지원시스템을 근본적으로 재설계하는 기법이다. 한마디로 기업의 근본적인 체질개선을 위해 기업공정을 획기적으로 다시 디자인하는 것을 말한다. 과거와는 다르게 현재체계는 소비자(consumer)‚ 경쟁(competition)‚ 변화(change)가 화두 그래 Task orientation(분업/일시적) → Process orientation(연결/공조/지속적) 마케팅 “EXCHANGE" 상품과 용역을 생산자로부터 소비자에게 원활히 이전하기 위한 비즈니스 활동을 말한다. 소비자는 필요로 하는 여러 가지 상품을 원하는 가격에 원하는 방법으로‚ 원하는 시기에 구입하고자 한다. 한편 생산자의 입장으로는 대량생산에 의한 많은
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The Fashion Channel (TFC) is a stand-alone cable channel‚ which was started in 1996. It known to be the only “fashion only” channel‚ with fashion related content 24/7. The majority audience for TFC was women aged 35-54. TFC had done well in 2006 with revenue of 310 million‚ way above their expected revenue. But in 2006 more competitors had popped up on the scene and offered fashion related content. These channels‚ CNN and Lifetime‚ were not fashion only channels‚ but they had segments in their broadcast
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The Fashion Channel: Case Write-Up Decision to Be Made The management team for The Fashion Channel (TFC) must decide which customer segment(s) or “cluster” they should target in their new marketing strategy and how they should position TFC to ultimately increase company revenue. When deciding their marketing strategy‚ TFC must consider how they can increase their share of the market (ratings) versus the increasingly competitive fashion programming on CNN and Lifetime‚ and if they can maintain
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Channel Models A Tutorial 1 V1.0 February 21‚ 2007 Please send comments/corrections/feedback to Raj Jain‚ jain@acm.org Please send comments to jain@acm.org 1 This work was sponsored in part by WiMAX Forum. Channel Models: A Tutorial 2 V1 Created on 2/21/2007 TABLE CONTENTS CHANNEL MODELS: A TUTORIAL..................................................................................................................................3 CHANNEL MODELS: A TUTORIAL.....................
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Study: The Fashion Channel Case Study: The Fashion Channel Table of Contents Executive Summary 1 Problem Statement 3 Proposed Scenarios & Analysis 4 Scenario #1 4 Scenario #2 5 Scenario #3 6 Proposed Solution 7 Implementation Plan 9 Conclusion 10 Exhibits 11 Exhibit 1: GFE Associates: National Consumer Survey (excerpts) 11 Exhibit 2: GFE Associates: Analysis of Attitudinal Clusters in U.S. Television Households for The Fashion Channel 12 Exhibit 3: Ad
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