This is a summary about key rules for viral marketing campaigns. Viral marketing is described as a strategy by means of which people are encouraged to pass on a marketing content to other people. Viral marketing consists of six elements: give away valuable products/services‚ ensure an effortless transfer to others‚ easy scale from small to large‚ exploit basic behaviors‚ make use of existing communication networks‚ and take advantage of others’ resources. The secrets of viral marketing are: getting
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Unit 1.2 : Types of Organization Private Sector Public Sector - Comprises privately owned businesses - Run and owned
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BUSINESS MANAGEMENT Managers require a range of skills to operate effectively now and into the future. These skills include: interpersonal (people) communication strategic thinking vision problem solving and decision making flexibility and adaptability to change reconciling the conflicting interests of stakeholders. INTERPERSONAL SKILLS Managers get their work done with and through other people; therefore‚ interpersonal (people) skills are extremely important. Such skills mean a manager
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Wolfgang Keller Case Analysis MBA-6120 Abstract Wolfgang Keller is a 34 year old graduate of the Harvard Business School. After a fast moving career building a reputation for turning around failing businesses‚ Wolfgang Keller once again found himself facing the challenge of turning around a losing business. This time it was as managing director of the Ukrainian subsidy of the Konigsbrau Brewery. The company was experiencing €2.9 million per year with annual sales of €116 million
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Yen Pham Summary for Journal of Consumer Research- Article “How Males and Females Differ in Their Likelihood of Transmitting Negative Word of Mouth” Word-of-mouth (WOM) is the informal communication by consumers about their evaluations of goods and services to other consumers. Negative WOM (NWOM)‚ typically arising from a dissatisfactory consumption experience. The given information the article found was that consumers may be more likely to transmit NWOM to those to whom they have strong ties
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Analyzing the Marketing Environment Analyzing Needs and Trends in the Macroenvironment. Successful companies are those that can recognize and respond profitably to unmet needs and trends in the macroenvironment. Opportunities are also found by identifying trends. A trend is a direction or sequence of events which have some momentum and durability. For example‚ one major trend is the “increasing participation of women in the workforce.” This trend has profound the implications for economic
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www.studyguide.pk Business Studies Notes by Abdullah www.studyguide.pk StudyGuide.PK Business Studies O-Level Notes Page 1 www.studyguide.pk Business aims and Activities Private sector aims The aim of a business in the private sector is to survive by making a profit. This may be a sole trader working alone‚ like a newsagent‚ or thousands of shareholders in a large Public Limited Company. Businesses gain a larger market-share [a percentage of overall sales in an industry] by
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Defining Services Services are about the economic activities offered by one party to another. On the other hand is about exchange for the customer money‚ time‚ and effort‚ service customers expect to obtain value from access to goods‚ labor‚ facilities‚ environments‚ professional skills‚ networks‚ and systems; but they do not normally take ownership of any of the physical elements involved. And then services also involve a from of rental‚ offering benefits without transfer of ownership such as
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Agricultural marketing This refers to the marketing of agricultural products e.g. Coffee‚ maize‚ tea. Etc. it is regarded as unique due to the characteristics of demand and supply of agricultural products. The production of agricultural products in countries such as Kenya‚ is characterized by A large number of small farmers. A lack of full control over quality and quantity of the output. Inability of individual farmers to engage in demand creation activities for their own produce. Seasonality of
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Essay For Marketing Management The brief analysis of the marketing management of luxury brands------Hublot watches Student ID:2049412 Student Name:Liu Hong The brief analysis of the marketing management of luxury brands------Hublot watches Hublot watches was born in 1980s. It is the top class wrist watch that first smelting precious metals and natural rubber raw materials for the brand in Switzerland.it have caused a revolution in clocks and watches when Hublot
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