Fundamentals of Marketing Welcome! Wl ! Dr. Stephan Grzeskowiak Professeur‚ Departement Marketing © S. Grzeskowiak How do get these slides? Programs Postgraduate Fundamentals of Marketing © S. Grzeskowiak 1 11/6/2010 Preparation for today’s class • R d IKEA case (HBSP 9 504 094) Read 9-504-094) • Read KKBGH ‘Marketing Management’ – Part I (ch 1 – 4) ‘Understanding Marketing Mangement’ • Download and print Class notes © S. Grzeskowiak Fundamentals of Marketing What
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Case study 1. Complete a five forces analysis. Five Forces is a framework of an industry analysis developed by Porter. These five factors help to evaluate the strength of competitive forces and industry profitability. In this part‚ Porter’s Five Forces theory will be applied to analyse the Inuit case study. Inuit is a well-known financial-software and service firm founded in 1983 by Scott Cook and Tom Proulx. When entering the market‚ Intuit was still a small business software and it had to face
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Environmental forces The environmental forces are the external forces of Pizza Hut that will directly or indirectly influence the organization. There are six environmental forces of Pizza Hut such as competitive‚ economic‚ political‚ legal and regulatory‚ technological‚ and socio cultural. Competitive Forces There are 3 types of competitors that Pizza Hut faced on which include brand competitors‚ generic competitors and total budget competitors. The brand competitors of Pizza Hut such as
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Task 1 What is marketing? What does the term marketing mean? Many people think of marketing only as selling and advertising. And no wonder‚ for every day we are bombarded with television commercials ‚newspaper ads‚ direct mail campaigns‚ Internet pitches and sales calls. Although they are important‚ they are only two of many marketing functions and are often not the most important ones. Today‚ marketing must be understood not in the old sense of making a sale – ‘telling and selling’ – but
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The marketing environment consists of the actors and forces outside marketing that effect marketing management’s ability to develop and maintain successful transactions with its target customers. "(Kotler 2009) Marketplace becomes more competitive after being rapidly changed by economics‚ technology and globalization." Without building customer relationship‚ only driven by product and technology is no longer enough for company. "(Kotler 2009) Thus‚ marketing mix has to be adapted for an organization
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information to customers easily. * MARKETING * What is marketing? * Creating consumer wants & satisfying it * Finding ways to satisfy customers effectively & efficiently. * Is to be defined as value delivering process. * Definition * Kotler “Marketing is a social & managerial process by which individuals & groups obtain what they need and want through creating‚ offering and exchanging products of value with others”. * AMA “ Marketing is the process of planning & executing
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1975 to their handling of the meeting during which the members of the task-force made their presentations? 30% It was clear that Baker had little to no control over the task force. Baker had not created the team and had no real authority (aside from being designated as the head) over the task force. The task force was a formality in the Keene & Baker’s eyes‚ thus they concluded the area that needed to be studied was marketing division (market managers made final forecasts based on info from prod mgrs
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Defects in Societal Roles In the book Chronicles of a Death Foretold‚ Gabriel Marquez manipulates his characters in a systematic fashion that unveil the universal occurrence of societal pressure that forces categorized people into specific classes. An important element Marquez often alludes to is the abstract notion of honor‚ which holds a relatively high importance to those tied designated to the male gender in Latin America. On the other side of the spectrum‚ marianismo is the idealized female
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Georges Obolo MKT 501 Application paper #2 (High cost consumer goods) For this assignment‚ I chose the automobile industry. This paper will focus on BMW key competitors and competitive forces using the Porter Five forces Framework. The globalization is influencing the automobile industry. Auto dealers encounter less and less restrictions to operate in overseas market. However‚ competition is rough with innovation and the increase of people’s sensibility to respect the environment limits and be
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The Societal Influence of The Dark Knight in the American Society “Whoever controls the media‚ controls the mind” Jim Morrison Since the dawn of mass media‚ there has been an evident change in people’s lives. The global productivity increased due to faster news developments and decreased‚ for more entertainment gives a society less productivity; nonetheless‚ there are certain specific pieces of media that have had a massive impact in modern society. It is very important to
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