Company(SWOT)‚ Competitors (Porters 5 forces)‚ Collaborators‚ Context (PESTLE)‚ Customers 10. STP: Who‚ which groups to target‚ positioning offering in minds of customers and against competitors 11. Marketing Mix/Tactics: Product‚ Price‚ Place‚ IMC/Promo‚ People‚ Physical Evidence‚ Process 12. Goal/outcome to acquire new customers‚ retain existing customers and delivering long term customer satisfaction promoting loyalty. Requires implementation and control measures UNIT 2 – PRODUCTS – GOODS
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1. Conduct an IMC context analysis for one of the following; McDonald’s‚ Pizza Hut‚ or KFC. This case study will analyze customers‚ competitors and communication of McDonald’s because it is one of the most well known brands worldwide. CUSTOMERS McDonald’s opened the first restaurant in Singapore at Liat Towers on Orchard road in October 1979. Its aim is to offer friendly fast food in a fun environment for everyone to enjoy. Its target markets are families‚ because children want to visit McDonald’s
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marketing and corporate communications manage each point of contact between the consumer or other target groups and the product or the organisation‚ be it in a business-to-consumer‚ a business-to-business or a cross-cultural context. Several key drivers of IMC can be identified‚ such as loss of faith in mass media advertising‚ the need for enhanced cost-effectiveness‚ media and target audience fragmentation and overlap‚ more complex decision-making units‚ the need to build customer loyalty‚ relationship marketing
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Marketing principles: Task 2 2.1 Explain how the vacuum cleaner is developed to sustain a competitive advantage. To sustain competitive advantage for any company so for ACL company developing new vacuum cleaner was an important step. In sustaining competitive advantage‚ there are 8 stages defined below (new product development‚ www.learnmarketing.net) Stage 1: Idea generation- for every organization idea could come from different sources such as: market research‚ employees‚ consultants‚ competitors
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instructor inspection. * Bring a calculator to the exam as some of the questions may require simple calculations Exam format: * 30 Multiple choice questions * 2 Short answer questions Chapter 17 & 18—IMC‚ Advertising‚ PR‚ Sales Promotion (~45%) * Elements of IMC * AIDA * Push vs. pull strategy * Goal of advertising: Inform‚ persuade‚ remind * Informational vs. emotional appeal * PSA‚ unique selling point‚ puffery * Media scheduling * Reasons for the
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Value Proposition………………………………………………………….10 6.4 Market Segmentation…………………………………………………………………10 6.5 Positioning Statement………………………….……………………………………..11 6.6 Branding………………………………………………………………………………11 6.7 IMC objective………………………………………………………………………...12 6.8 IMC strategy……………….…………………………………………………………12 6.9 IMC mix………………………………………………………………………………12 7. Conclusion………………………………………………………………………………..12 8. Bibliography………………………………………………………………........................13 9. Appendix……………………..........................
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1. Introduction In this report I have focused on Vogue magazine. Vogue is a product from the magazine publisher Conde Nast which publishes magazines including Glamour‚ GQ and Vanity Fair. Vogue is an American fashion magazine and was founded in 1892. The current editor of American Edition is Anna Wintour. The purpose of this report is to recommend a marketing communications campaign focused on the Digital Edition of the magazine in order to increase sales and reduce costs. In order to do that
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and the unique selling preposition that it has become. Red Bulls pricing will be discussed as well as the brand positioning. The distribution plan of Red Bull will be discussed Red Bull has many differentiating factors and we will discuss these. The IMC of the company will be discussed as well as the digital marketing that Red Bull uses to grow its company. RED BULLS MARKETING PLAN TARGET CUSTOMERS Red Bull targets mainly young active men between the ages of 16 and 29 who have an active
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1. The decision making process for canned tuna is as follows: (i) Problem Recognition Consumers of canned tuna are motivated primarily by the need to satisfy their physiological need of hunger which is the most basic level of needs under Maslow’s hierarchy of needs. Problem recognition can also stem from stock-outs where consumers run out of canned tuna supplies. In addition‚ motivation of purchase can be marketer-induced to incite new needs/wants by introducing consumers new uses of canned tuna
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advantage of Latin food’s popularity to win new customers. IMC: As more companies target the growing U.S. Hispanic population‚ Hispanic marketers are trying to extend their sales to the rest of America. Several years ago Goya began using WPP’s Winglatino for general-market and Hispanic advertising. The company spends about $20 million a year on ads in both Spanish and English that target "kitchen artists" who enjoy cooking. Components of the IMC: Besides TV and print ads‚ Goya does what the company
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