able to: LO1 Understand the principles of strategic marketing management 1.1 discuss the role of strategic marketing in an organisation Understand and discuss: 1. The key definition of strategic marketing 2. The role and importance of strategic marketing 3. The key strategic marketing concepts and activities in the organisation 1.2 explain the processes involved in strategic marketing Understand and discuss: 1. The strategic marketing planning processes 2. Approaches to strategic
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SERVICES MARKETING MANAGEMENT MKT 3125 Module leader: Dr Louise Boulter Evaluating the purpose‚ applications and limitations of a range of service marketing management concepts‚ theories and techniques Done by Skaiste Petkelyte M00412680 Assignment 1 Due 8th of December 2049 words Contents Introduction 3 Service Concept 4 What is Service Concept? 4 Purpose of Service Concept 4 Application of Service Concept 4 Limitations of Service Concept 5 Understanding Customer Types 6 Who is the customer
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for L type coupling alone – capture of 14 % MS of $ 1.2M • German Acquisition o Halted due to existing long-term license with Siren for the geography o Market opportunity in Germany of $ 14.5M for L type coupling alone o Access to largest marketing Europe Analysis • Local production challenge – competitiveness in local market and internationally o Need to diversify into low cost centers o US production – avg cost of a manufacturing worker per hour = 100 index point‚ was too high‚ need
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The International Marketing Dilemma Standardization VS . Customization Spiderman Becomes an Indian Product Idea P&G – Connect & Develop Strategy • Develop brands tailored for similar consumer cohorts living in different countries‚ rather than producing strategies on a nation-by-nation basis – Consumers in Mumbai have more common with consumers in Shanghai‚ Tokyo‚ New York than with consumers in rural India • Expertise from one part of the globe to another – Taboos over feminine hygiene
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STRATEGIC MARKETING MANAGEMENT APPENDIX 15A MARKETING METRICS SUBMITTED TO: DR. ED QUIOCHO SUBMITTED BY: ARVIN CARLO P. SILAO Questions: 1. It measures relating to profitability include the margin on a unit of product and on products sold through different channels. a. Profitability Metrics c. Sales and Channel Metrics b. Pricing Metrics d. Customer Profitability Metrics 2. It incude measures of awareness‚ knowledge‚ beliefs‚ purchase intentions‚ loyalty‚ willingness to recommend‚ satisfaction
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must develop an effective strategy for managing diversity. Global Diversity Management refers to the voluntary organizational actions that are designed to create greater inclusion of employees from various backgrounds into the formal and informal organizational structures through deliberate policies and programs. Diversity Management is proactive and aimed at promoting a diverse and heterogeneous workforce. The goal of Diversity Management is to transform the organizational culture from a majority-oriented
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Marketing Myopia : Reading Notes Harvard Business Review often became references. “What business are you really in?” Mr Levitt explains that if we are not in the game anymore‚ it’s because of a failure in our management‚ not because of the lack of opportunities. We have to create these opportunities. The examples given show that lots of industries died because they “defined their business incorrectly”. You may have to define again your business‚ because a stagnant industry will not survive
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& Global Strategy Hemis Code: 5J3060 UNIT HANDBOOK 2011/2012 Tutors: Maria Allen Room 901d 0161 247 6527 m.allen@mmu.ac.uk Carole Forbes Room 901a 0161 247 3830 c.forbes@mmu.ac.uk Dr. Panagiotis Kokkalis Room 808a 0161 247 6641 p.kokkalis@mmu.ac.uk Rationale Strategic management has become an integral mechanism for firms operating in the global economy‚ which is characterised by its high level of integration and cross-national operation. Strategic management issues
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information 7% Verbal arrangement of the message Credibility Trust / Honesty apology Knowledgeable / expert Position / status Personal brand Personal Brand = Performance + Personality + Visibility + Trust PB = P1 + P2 + V + T 63% 3 Marketing concepts: Create Customer Value (Benefits – cost = customer value) Create Customer Satisfaction (employee satisfaction = customer satisfaction) Travel further to Target over Wal-Mart because of customer service‚ cleanliness 77% of people with
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Review Sheet: MKT490 Exam 1 ch1-ch5 Ch1. Marketing Management and Marketing Strategies Understand marketing offering: product‚ place‚ service‚ people‚ experience‚ idea… Market offering: combination of products‚ services‚ information or experiences offered to a market to satisfy a need or want Market offering are not limited to physical products‚ they also include services (intangible activities or benefits). Also includes‚ other entities as persons‚ places‚ organizations‚ info and ideas
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