Chapter 11 marketing strategies for the new economy Past paper: Discuss the advantages and disadvantages of the new economy for marketers (60%). How might companies develop a new economy strategy for their products or services (40%)? Illustrate your answer with examples. * Does every company need a new-economy strategy * Definition: new economy means the industries that stimulate the development or play an important role in electronic commerce and the internet‚ market computer hardware
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Cited: Tyson. (n.d.). 5 ways companies benefit from cause marketing. Retrieved from http://www.brightercausemarketing.com Beyond Hangovers. National Institute of Alcohol Abuse and Alcoholism. Retrieved November 10th‚ 2012‚ from www.niaaa.nih.gov Evolving to Meet the Needs of a Changing Society. Pfizer. Retrieved November 6th‚ 2012‚ from Pfizer.com Bhattacharya‚ C. B. (2009‚ November 20). Corporate social responsibility: It ’s all about marketing. Retrieved from http://www.forbes.com/2009/11/20/corpo
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MAKING YOUR MARKETING COMMUNICATIONS MORE POWERFUL 1. Position the product in the customer’s mind – how you want your customer to think and feel about your product. 2. Find a creative big idea – which will persuade people or convince them to try your product. 3. Having an emotional appeal 4. The message must sell itself – a. Image strategy – good image of the brand b. Information strategy – giving information about the facts. Giving information about
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Environment Analysis 3 2.1 Porter’s Five Forces Analysis 3 2.2 SWOT Analysis 5 3.0 Marketing Strategy Analysis 6 3.1 Segmentation‚ Targeting and Positioning 6 3.1.1 Segmentation 6 3.1.2 Targeting 6 3.1.3 Positioning 7 4.0 Strategic Alliances 8 5.0 Sponsorship 9 6.0 Contribution to the Competitive Advantage and its Sustainability 10 6.1 Segmentation‚ Targeting and Positioning 10 6.2 Strategic Alliances and Sponsorship 10 7.0 Conclusion 11 8.0 References 12
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1. What is Starbucks’ retail strategy? What is its target market and how does it try to develop an advantage over its competition? Starbucks retail strategy is selling the “Starbucks Experience” by offering a community gathering place‚ with comfortable seating in a relaxing atmosphere while selling quality products and great customer service. The company’s retail strategy is also aimed to maintain customer loyalty and repeat business. Its target market started out to be business people between
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Positioning and repositioning Before positioning companies has to do segmentation and targeting. Segmentation is dividing the market into segments upon some set of criteria and evaluating the profitability of each segment Targeting is selecting one or more segments and going after them Positioning is how do you want your brand to be considered by consumers when compared to other competing brands. Positioning is based on product features such as color‚ price‚ fluffiness‚ quality of service
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Assignment: Q 1. Based on the case study‚ critically examine HUL’s Marketing strategy (STP) for Wheel since its inception and the reasons for the success of the brand. Solution: Wheel Powder was launched by Hindustan Unilever Ltd. in 1987 in response to the success of Nirma detergent powder - a local Indian brand launched in 1977 by Karsanbhai Patel‚ a well known entrepreneur and philanthropist of Gujarat. Nirma was introduced at a price that attracted the cost-conscious Indian consumer. Prior
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Chapter 1 Related Theory Discussion 1.1 Brand: The American Marketing Association defines a brand as a "Name‚ term‚ design‚ symbol‚ or any other feature that identifies one seller ’s good or service as distinct from those of other sellers." A brand can take many forms‚ including a name‚ sign‚ symbol‚ color combination or slogan. For example‚ Coca Cola is the name of a brand make by a particular company. 1.2 Local brand: A local brand is a brand that is sold and marketed (distributed and
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Product Positioning A product positioning statement has four main components – the target‚ the frame of reference‚ the differentiation‚ and the reason(s) to believe. THE TARGET The target is who the product is for – who is the target user or customer of the product. The key to a good target definition is to balance being specific with being concise‚ you need to describe the target well enough that they can be identified‚ without being so verbose that your positioning statement goes beyond
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AIRCEL INNOVATIVE MARKETING CAMPAIGN - August 18th‚ 2009 ________________________________________ Aircel was launched in select circles in Maharashtra early this month; and the launch was accompanied by a variety of innovations and attractive outdoor promotions. Be it the ‘Just arrived’ boxes at the airport‚ the projection of the logo on the landmark Gateway of India or the IPL Scoreboard put up at the Mahim Causeway‚ Aircel has managed to create an unbeatable buzz. Interestingly‚ a lot
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