Ch 18 – Marketing Competitive advantage – an advantage over competitor gained by offering consumers greater value than competitors do. * Customers will see competitive advantages as customer advantages Competitive Marketing Strategies – Strategies that strongly position the company against competitors and give the company the strongest possible strategic advantage. Competitor Analysis – The process of identifying key competitors; assessing their objectives‚ strategies‚ strengths and
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Starbucks Systematic approach • Encapsulated‚ local approval‚ focus externally (society)‚ social‚ sociology‚ 1990s Understanding external environment 1. Remote and industry environment 2. Customers and markets PESTEL Typical change drivers 1. Homogenisation of customer needs and preferences across markets 2. Development of global supply‚ distribution and communication channels 3. Gain competitive advantage through economies of scale‚ supply chain improvements‚ sorucing lower costs
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various elements of the marketing process 4 The benefits and costs of a marketing orientation ………………………………………5 Macro and micro environmental factors which influence marketing decisions ……….7 Propose segmentation criteria to be used for products in different markets 9 Choose a targeting strategy for a selected product/service 9 Buyer behaviour affects marketing activities in different buying situation …………...10 New position for a selected service of Starbucks Vietnam…………………… 10 Conclusion
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Starbucks: Just Who is the Starbucks Customer Starbucks was a young company in the 80’s‚ starting as a smaller chain where people could buy coffee in a nice comfortable environment. Starbucks located in Seattle there was some spectrum variables of this geographic location. The company deciding to move was a strategic decision. It did have to consider the full spectrum of segmentation variables. Considering the difference in the geographic location and the people in the different locations needs
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Cited: Starbuck ’s Annual Report 2001. http://www.starbucks.com/investor reltations
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and Marketing Decisions: Starbucks Starbucks has wide range of business activity. These activities allow the company to use numerous channels of product distribution. With the company operating in many locations worldwide environmental factors play a major role in marketing decisions. Each distribution channel is affected differently and the company’s flexibility in the marketing plan allows the company to adjust their strategies to meet the needs of the environmental factors. Starbucks is known
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30‚2014 Assignment title Brand Management & Expansions by Effective Marketing. Learning Outcome Learning Outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. Evidence (Page no) LO1 Understand the concept and process of marketing 1.1 Explain the various elements of the marketing process 1 1.2 Evaluate the benefits and costs of marketing oriented organisation that you are familiar with 1 LO2 Be able to use the
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Prerequisites and Credit Hours‚ Required Course Materials including Textbook‚ Course Content and Grading Policies. Course Outline MKT 120 PRINCIPLES OF MARKETING 1/9/2014 CENTRAL CAROLINA COMMUNITY COLLEGE Course Prerequisite(s): None Course Credit Hours: 3 hours credit (SCH) and 3 hours of contact Required Textbook(s): L. E. Boone and D. L. Kurtz‚ Contemporary Marketing‚ 16th Edition‚ Mason‚ Ohio: South-Western Cengage Learning‚ 2012. Course Instructor: Ann R Broadway‚ abroa115@cccc.edu Office Location:
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Case study: Starbucks in China Starbucks – A global company? The 1971 founded company Starbucks has undergone an impressive expansion throughout the last years and as a result now is the leading coffee house retailer in the world. Due to several joint ventures‚ partners‚ and an enormous amount of directly operated stores‚ it is present in more than 34 countries and serves around 33 millions of customers per week.1 Moreover‚ the company significantly increased its global publicity within subscribing
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Marketing Nike BUS 330 Principles of Marketing Robert Murray January 13‚ 2013 Marketing Nike Growing up there was one brand that all professional athletes used in my eyes‚ Nike. The Swoosh‚ was the icon that all kids had to have‚ and why not? All the big time players not only had it‚ but endorsed it. Ads‚ which had Michael “Air” Jordan‚ Bo Jackson‚ or Wayne Gretsky “The Great One” doing amazing physical feats‚ always‚ motivated the crowds. The Nike company new this‚ and blasted
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