Analysis iii. Product Life Cycle III. Marketing Objectives iv. Sales/Market Share v. Profit vi. Product range vii. Geographic Representation viii. Exporting IV. Target Markets ix. Marketing approach x. Product differentiation xi. Market segmentation xii. Geographic xiii. Demographic xiv. Behavioural (product related) xv. Psychographic V. Marketing Strategies xvi. Product xvii. Price
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Strategic Planning Business Unit Strategic Planning • SWOT Analysis – External Environment Analysis (Opportunity and Threat Analysis) • Marketing Opportunity – Buying opportunity more convenient or efficient – Meet the need for more information and advice – Customize an offering that was previously only available in standard form Business Unit Strategic Planning – Marketing Opportunity Analysis (MOA) • Can the benefits be articulated to a target market? • Can the target market be reached with cost-effective
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Target Market and Segmentation The core of market segmentation is satisfying the customer’s needs and wants. However‚ that is hard to achieve because all buyers have different perspectives and needs as well as customer’s needs and preferences easily change in terms of various industries which offer similar goods and services. Imperial Leather Soap aims at effective segmentation in order to make profits by analysing four types of segmentation which need to be identified (Alan & Tracy‚ 2002). These
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2. Marketing Plan Process Marketing plan is a process which Sainsbury’s uses to reach their goal. Usually it is a marketing plan for the one year period. Sainsbury’s marketing strategy is designed to get people off the shopping treadmill and into more adventurous eating. Sainsbury’s wants to convey that not only can it supply great quality at good prices but also that it’s the only store offering such a wide range of useful ideas. Source: http://tutor2u.net/business/images/strategic_marketing_process
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childcare to minimize the days they have to miss work because their children are not well due to a common illness. This is a prime opportunity to break into the market because a service like this is yet to exist in the Atlanta area. Strategic Focus and Plan Mission Statement To provide top of the line childcare to the working class at affordable rates and building customer rapport and trust by delivering outstanding educational training‚ care and reliability in a clean and home like atmosphere
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restaurant while having huge on its competitors * It is market leader in both domestic and international markets. * It has been facing long term economic growth and is taking advantage by expanding itself globally * It aggressive marketing plans has enabled it to capture every next market segment which it tergets. The Weaknesses of McDonald: * Market saturation has made the expansion difficult for McDonald’s * The health food control have been effective McDonald’s image. The
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Credit card companies should not be on campus marketing to college students Credit card Company’s aim for the weak‚ the representatives that work for the credit card companies’ are trained to gain financially in any way possible‚ and by focusing on individuals who do not know better or have little experience on how debt follows you‚ such as college students‚ the credit card companies know they will make the money they are aiming for not in a honest way. Why should they care? Knowing that the majority
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NOKIA MARKETING PLAN PROJECT INTRODUCTION Nokia was founded in 1865 as a paper mill in Finland. It went on to establish it’s self as a renowned mobile phone manufacturer and one of the most powerful brands in the world. In 1992 Nokia shifted its focus to primarily telecommunications and appointed Jorma Ollila as its CEO. Six years later in 1998 Nokia had established it’s self as the world’s largest mobile phone manufacturer with a turnover of 31 billion. In 2006‚ Olli-Pekka Kallasvuo replaced
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[pic] [pic] [pic] [pic] INTRODUCTION Marketing is an integrated communications-based process through which individuals and communities discover that existing and newly-identified needs and wants may be satisfied by the products and services of others. Perhaps the most important factor in successful marketing is marketing plan. A marketing plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or service‚ a brand‚ or
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been the market leader in the field of credit and debit card businesses since it was established in Singapore in year 1935. Through its long historic accomplishment‚ it is now the leading bank in the Asia Pacific Region. UOB Lady’s Card was launched in the year of 1989‚ targeting women‚ with a comprehensive understanding of the needs of women and the desires of their heart Over the next twelve months‚ UOB will re launch the Lady’s Card into the market‚ with greater benefits and privileges exclusively
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