MARKETING STRATEGY MKT540 Marketing Strategy Assessment 2 Factors Impacting Strategy Executive Summary There are numerous factors that impact and inform the development of an organisation’s marketing strategy. For companies to succeed in the ever-evolving and turbulent marketplace of today‚ they must identify factors that influence and impact the direction of the industry and integrate them into the marketing strategy accordingly. This report looks at the ways in which corporate
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Contents Definition of marketing: 2 Creating value for customers; 2 Building a strong customer relationship; and 2 Capturing value from the customers for the organization. 2 Marketing orientation of Costa coffee 2 Defination: 2 Principles of marketing 3 Assessment on the benefits of marketing orientation for Costa coffee 3 Understanding customers’ needs and wants: 4 Communicating effectively with customers’: 5 Keeping ahead of compitition: 5 Utilizing new technology: 6 Base of segmenting
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For years‚ Subway attracted and held onto customers through a reward system known as the Sub Club. How did this system work? Basically‚ Subway gave its patrons business-sized cards with tiny stamps on them. Every time a card filled up with stamps‚ the patron earned a free meal. Unfortunately‚ Subway had to discontinue the Sub Club‚ much to the dismay of its loyal customers. The reason? Fraud. The availability of cheaper home laser printers and multimedia personal computers has made counterfeiting
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PESTEL Analysis 3.1 Political Forces Subway can easily apply its business license in plenty of the countries. It is because that Subway is operated by complying with the political rules such as tax policies‚ environmental protection laws‚ employment laws and other political rules. 3.2 Economic Conditions Having set up with low cost‚ it is a very good advantage to Subway. Subway has fully supports from its major suppliers so that it has its completely adequate materials and needs to work out its
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References: Aaker D.‚ and McLoughlin D. (2007). Strategic Market Management. Chichester: John Wiley & Sons‚ Ltd. Burke‚ A. (2009). Warwick MBA: Entrepreneurship and New Venture Creation. Coventry: Warwick Business School Dacko‚ S.G Dacko‚ S.G. (2009). Warwick MBA: Marketing Strategy. Coventry: Warwick Business School Day‚ G.S Frost & Sullivan [Online] (http://www.frost.com/prod/servlet/press-release.pag?mode=open&docid=10127615). (Accessed
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TARGET AUDIENCE Subway took its journey from a single outlet in Perth and now has a target market of young Australian consumers that is more nutrition conscious and focuses on having healthy food as opposed to burgers or fries. It happens to be the undisputed market leader in the category of sandwiches while it has a competitive edge over others in terms of having ten times more locations than any other brand. By the year‚ 1993‚ Subway had opened up 8‚400 stores with most of them being in North
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What market segment (s) seems to be served by Subway? Why do you think so? Subway seem to be serving mainly young people. It’s positioned as a fast food chain that serves fresh food to it’s target customer mainly comprises of young individuals focused towards healthy diet. Majority of their target customer lies on this age group between 16-39. The tagline “Eat Fresh” highlighting the actual positioning the business has maintained. There are different segment of young people. First are the
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Conclusion 8 Reference 9 Executive Summary The purpose of this analysis report is to provide an insight into SUBWAYS consumer insights. Based on critically analysing SUBWAYS current Target market their needs‚ wants and beliefs those strategic findings will help the account management team prepare the presentation for the communication strategy recommendation on October 2012 SUBWAY is a well-known fast food franchise that had recently won the award for the most trust fast food brand in New Zealand
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Commercial Marketing vs Consumer Marketing Intro Clearly‚ there is a huge difference between marketing to businesses (B2B) and marketing to consumers (B2C). To be successful‚ marketers must understand the fundamental differences involved. The needs of the two markets are vastly different and their approach to the buying process is different. Marketers have to understand the differences in mindset and authority of a consumer and professional buyer to be successful. Types of Decisions Consumers
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Identify and evaluate marketing opportunities Part 1: Research and identify possible marketing opportunities: Introduction: T-House is one the Australian owned T-shirt Company located in Melbourne area established in 2009. With over 20 branches around city and suburb area of Melbourne‚ products of T-house are targeting massive group of customer. T-house products lines are including clothing and accessories. However‚ the company is now planning to increase number of branches in Melbourne to number
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