-Journal of Arts‚ Science & Commerce ■ E-ISSN 2229-4686 ■ ISSN 2231-4172 MARKETING STRATEGIES OF GLOBAL BRANDS IN INDIAN MARKETS Dr. Girish Taneja‚ Associate Professor‚ Head of Department‚ School of Business‚ Faculty of Business & Applied Arts‚ Lovely Professional University‚ Phagwara‚ Punjab‚ India Neeraj Gupta‚ Lecturer‚ School of Business‚ Faculty of Business & Applied Arts‚ Lovely Professional University‚ Phagwara‚ Punjab‚ India. Rajan Girdhar‚ Research Fellow‚ Faculty of Business & applied
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1 Learning issues for Chapter One: Why is marketing important? What is the scope of marketing? What are some fundamental marketing concepts? How has marketing management changed? What are the tasks necessary for successful marketing management? 2 What is Marketing? The American Marketing Association: “Marketing is an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships
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Target Market Target Marketing is identifying the groups of consumers that are most likely to buy your products. Extensive detailed research is done‚ and then develops strategic marketing strategies around that target market. Vans Shoes are a good example. Vans target market is preteens through young adults. Their marketing is geared towards appealing to a younger market. They often offer free stickers with purchase‚ that the consumer often sticks in varies places without even knowing they are
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www. marketingpundit.com MARKETING MIX (Compiled by Deep Banerjee‚ Marketingpundit.com) Marketing mix is the set of controllable variables and their levels that the firm uses to influence the target market. The elements of marketing mix are the basic‚ tactical components of a marketing plan. Also known as the Four P’s‚ the marketing mix elements are price‚ place‚ product‚ and promotion. The concept is simple. Think about another common mix - an ice-cream mix. All ice-creams contain milk‚
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International marketing Use examples to demonstrate your ability Define you topics e.g. pestle but most marks will be in ability to apply knowledge Look at the brand republic for people doing the resit paper Mind tools and business balls and strategic models good books to look at Key topics: Why would a business internationalise? International marketing strategies e.g. Ansoff growth strategies and think global‚ act local Culture‚ what is it and what are typologies and their use to marketers(
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1 SYLLABUS SUBJECT MARKETING STRATEGY TEACHER BOGDAN WIERZBIŃSKI (PHD) COURSE DESCRIPTION The main objective of this course is to deliver a wider knowledge about managing the markets and products with special focus on emerging markets. During the lessons student will work on case studies and they will solve marketing problems which arise from business circumstances. Students deal with business process of competitive strategy building in the context of main goals achieving. LEARNING OUTCOMES
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Is Target Marketing Ever Bad? Target market Definition: A portion of total market which consist of a group of buyers with similar traits and features that an organization wishes to attract. Key item of definition: Group of similar traits Aimed to attract specific buyer Market segmentation It is the division of a heterogeneous group of buyer or positional buyers into more homogeneous groups with relatively similar product or services needs. I think target market is not bad.As in market
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Portacabin Case (it designs and delivers modular buildings) An effective marketing campaign takes account of the principles of the AIDA model. Raising awareness and creating interest may involve the use of promotional techniques. The sales force will then turn interest into sales. Research at Portakabin focuses on two key performance indicators (KPIs): • Customer satisfaction - customer surveys determine the level of clients’ happiness and what issues affect them. The results are used to
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[MARKETING TODAY] January 24‚ 2011 True-False - Terminology/Concept 1. Marketing-related activities are limited to people called “marketers.” 2. The effective practice of marketing-related activities is limited to larger firms. 3. For virtually every good and service we purchase‚ the marketing process affects the assortment of models and styles offered in the marketplace. 4. The scope of marketing includes goods‚ services‚ organizations‚ people‚ places‚ and ideas. 5. A firm can anticipate demand
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Chapter 1 Marketing Creating and Capturing Customer Value 1) According to the five-step model of the marketing process‚ the first step in marketing is ________. A) capturing value from customers to create profits and customer equity B) constructing an integrated marketing program that delivers superior value C) building profitable relationships and creating customer delight D) understanding the marketplace and customer needs and wants E) designing a customer-driven marketing strategy Answer D
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