The global economy: Most economists now talk about the global economy‚ where the economies of individual countries are linked to each other and changes in a single economy can have ripple effects on other. The aggregate value of all goods and services produced worldwide each year in the global economy is known as gross world product. Economies are now more closely integrated‚ stronger and far reaching than ever before. Notes: Globalisation has become a dominant economic‚ political and social
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China Shawn Haworth Sasha Hesami Nadine Jacobi Jessica Peace BRITA originated in a small town in Germany in 1966‚ by Heinz Hankammer‚ and is now the world market leader in water filtration products. The BRITA filtering water bottle is environmentally friendly and promotes healthy drinking habits‚ allowing one to consume filtered water from virtually anywhere. Physical Characteristics China is the world’s third largest country‚ after Russia and Canada. The surface area of China consists
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MARKETING MYOPIA: Theodore Levit The first thing that Theodore Levit does in his article “marketing myopia” is denying the title of forever growth industry to any industry that ever existed and claimed to be so. He believes every industry has been a growth industry at some point of time‚ but they could not carry the tag along because of several reasons; and none of the reasons being saturation in market. Industries failed to continue their growth because of lack of proper management. They did
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1st lesson Marketing Management (9th September) For me the first lesson was pretty much divided into three different main topics. The first was the overall view on marketing. What is marketing and how has the meaning of what marketing is developed over time. Especially during the last years through several forces of change (For example the various types of customer which have a better access to information‚ the growing number of competitors and the various new types of technology). If one takes
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Marketing Myopia In his article Marketing Myopia‚ Theodore Levitt insists that failure in industries is “at the top” where executives deal with broad goals and policies. He defines marketing myopia using something he calls the “self-deceiving cycle.” This cycle consists of four conditions which cause companies to stop growing: the belief that growth is secure‚ overconfidence on their own products‚ too much focus on mass production‚ and preoccupation with manufacturing efficiency. The first condition
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Jaime Friesen Steve Renton Marketing Principles February 24‚ 2013 Triple Bottom Line The article Sustainability: It Should Be About More Than the Bottom Line on Forbes.com discusses the topic of the triple bottom line. The article discusses the idea that being ecologically friendly can be conducive to a strong financial bottom line‚ as well as a social and environmental one. The main point of the article is that if all organizations followed the principles of the triple bottom line‚ it would
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Global Marketing Strategy Carrefour is one of the hypermarket that offers a wild range of products such as grocery product‚ clothing‚ consumer goods and household appliances besides these commodity products‚ It is able to satisfy all of the customers’ need in only one trip. On the other hands‚ Carrefour offers some healthy product such as organic products for health-conscious customers. In its operation‚ Carrefour adhere to the concept of “fresh quality product at discounted price and direct from
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Global warming what is it? Global warming refers to an average increase in theEarth’s temperature‚ which in turn causes changes in climate. So what’s the big deal you ask? Well the big deal is‚ if temperatures rise above normal levels for a few days‚ it’s no big deal‚ the Earth will stay more or less the same‚ but if temperatures continue to rise over a longer period of time‚ then the Earth may experience some serious problems! What causes global warming? The Earth’s atmosphere contains gases that
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The article “Ethnography of Global Connection” by Anna Lowenhaupt Tsing shows the economic methods and their study to the global interconnections. Moreover‚ the book represents the image of the world connection in a global economy. It describes perfectly how countries clash with different characteristics of other economies into their own; by starting gradually to become more dependent on one another for the only reason- the economic growth. This article includes interesting facts and observations
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In the article "Marketing to the Millennials" Suzy Menkes a fashion editor‚ describes new ways to reach out to the Millennials that are eager to be entertained and informed. She believes that by doing so‚ you have to grab the attention of the audience through social media. When you use social media as a marketing tool it is not only beneficial for the buyer but also for the marketer because it helps the marketer be more connected to the buyer. "Sites such as Instagram‚ Facebook‚ Twitter‚ fashion
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