CONCEPTUAL/THEORETICAL PAPER Strategic marketing and marketing strategy: domain‚ definition‚ fundamental issues and foundational premises Rajan Varadarajan Received: 20 April 2009 / Accepted: 24 September 2009 / Published online: 28 October 2009 # Academy of Marketing Science 2009 Abstract This paper proposes a domain statement for strategic marketing as a field of study and delineates certain issues fundamental to the field. It also proposes a definition for marketing strategy‚ the focal organizational
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kinds of vehicles for different target customers. To increase the sales of vehicles‚ the companies should make advertisement in that medium which is mostly used by that target customers. A big percentage of sales in automobile industry are contributed by middle class families in India. So‚ instantly increase in the price of petrol for long run effects the sales of petrol driven cars. The customers tend to buy the diesel cars now a day. Even a core petrol vehicle marketer Honda Siel has came up with
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MARKETING According to Kotler & Armstrong (2008)‚ marketing is a social and managerial procedure by which people as a group or even individuals are being provided the things they needed and wanted through initiating and trading goods and values with other stated in the book written by Diola Z. & Tichepco E.‚ (2009) Miranda said that the major objectives of marketing‚ as a considered both social and economic process‚ are; (1) to meet the needs; (2) to satiate wants; and (3) to form new desires.
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Management HT 1020 marketing in H&T Report ____Title:MARKETING_______ Class: DHT 1 Lecturer: Mr. Jeffrey Lee Group’s Name：killers S/No Names Student ID 1 . Michael 1009/7446 2 . William 1009/7357 3 . Cecily 1206/9880 4 . Allen 1107/8659 Rex 1011/7673 Content 1.Introduction 2.S.W.O.T Matrix 3.Target customers
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The Promotion Mix A promotional mix is the term used to describe a business’s total marketing communications program. KEY POINTS A promotional mix is the term used to describe a business’s total marketing communications program. It specifies how much attention to pay to each of the five promotion subcategories‚ and how much money to budget for each. Advertising - Presentation and promotion of ideas‚ goods‚ or services by an identified sponsor. Personal selling - A process of helping and persuading
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of the Current Marketing Strategy (including ad) for chosen Product/Brand. * Is the current marketing strategy (4Ps) and 3Cs well described and analyzed? * Are the current weaknesses identified compelling? | 6 | 3 | Breadth and Depth of Analysis of the Proposed Marketing Strategy for chosen Product/Brand. * Is the proposed marketing strategy feasible (i.e.‚ benefits outweigh costs‚ no legal impediments‚ customer backlash‚ potential limitations)? * Is the proposed marketing strategy effective
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The advent and prosperity of the Internet has provided many marketers with a platform to spread brand awareness. E-Marketing is defined by Chaffney as “The management and execution of marketing using electronic media such as the web‚ e-‚mail‚ Interactive TV‚ IPTV and wireless media in conjunction with digital date about customers characteristics and behaviours”(Chaffney‚ 2006 p. 10) In “2009 brands spent half a billion pounds on internet advertisers‚ up from £114 million in 2002“(mintel‚2010) This
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1. Market Segmentation: Aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action. Aggregating prospective buyers into groups that have common needs Using different marketing mixes to help gain competitive advantage with a specific segment. While there is an ’ideal’ market segments‚ in reality every organization engaged in a market will develop different ways of imagining market segments‚ and create product differentiation strategies to
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Ambush marketing From Wikipedia‚ the free encyclopedia Ambush marketing can be defined as a marketing strategy wherein the advertisers associate themselves with‚ and therefore capitalize on‚ a particular event without paying any sponsorship fee.[1] The Macmillan English Dictionary defines ambush marketing as a marketing strategy in which a competing brand connects itself with a major sporting event without paying sponsorship fee.[2] According to McCarthy‚ ambush marketing is a type of marketing by
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and the floods in Thailand. Shareholders became increasingly restless‚ one share holder shouted at the peak of his voice: ―Stringer‚ how can you justify your salary of $ 3 million per year. The company has been losing money since 2005 and you have been drawing such huge salaries and only talking‖. Another old share holder stated: ―the share price of Sony stock is now only 10% of Samsung‘s share price‚ and 2% of Apple Inc.‘s. This is your performance Howard Stringer for Sony Corporation.‖
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