*Chapter 1 Defining Marketing for the 21st* Century "Everything starts and ends with marketing in any organization skill for marketing is a never ending pursuit" Exchange‚ transaction and transfer. What is marketed? Goods‚ services‚ events (e.g. Sporting events)‚ experiences (space travel‚ magic kingdom)‚ Persons (politic candidates)‚ Places (countries‚ cities)‚ properties (homes)‚ organization (university‚ company)‚ information (encyclopedias)‚ ideas (save the planet).
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them. I decided to pursue Marketing and Management because with my degree‚ I knew I would have the opportunity to produce an impact in society and in the world. More specifically with Marketing‚ I will be able to transmit messages and stories that are valuable and helpful for people. I am applying to the Integrated Marketing Communications program at Florida State because it will give me the opportunity to pursue a path more geared towards Multicultural Marketing Communications‚ which is my deep passion
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1. What is the ‘Marketing Mix’ and why is it important? The marketing mix is defined as the set of controllable marketing variables that the company blends to produce the response it wants in the target market. The marketing consists of the four P’s which are product‚ price‚ place and promotion. The product is something that satisfies the customers need. Marketers need to know about their product so that they can market to their target customer. Price is the amount of money that the customer
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In 21st century that we live in‚ communication can be done in many different ways other than conventional speaking right in front of each other. The reason for that is because of the existence of communication technology and the wide interest in this technology from people around the world. Communication technology is improving as we speak and more important sector is depending on it to gain benefits such as business and politics. Communication technology includes telephone‚ radio‚ television
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Integrated Marketing Communication (IMC) Template IMC situation analysis Summarise issues arising from the marketing plan that will directly impact on the communications strategy. Company analysis !" !" !" !" Company mission. Corporate goals. Issues related to an overriding corporate brand (if one exists). Budget for the IMC. Product analysis !" !" A summary of key product offerings and product life cycle issues. Existing brand themes‚ messages and appeals. Audience analysis !" !"
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(ANALOGY: MUSICAL SCORE) IMC is like an orchestra Musical score guides all the members of the orchestra to play together IMC plan guides all the members of an organization to work together IMC Planning Starts at Zero Zero-based planning: A process that determines objectives and strategies based on current brand and marketplace conditions Start a new!!! In the real world‚ many organizations pay lip service to “zero-based” planning or ignore it completely. Why? It’s human nature. It is
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DESIGNING AND MANAGING INTEGRATED MARKETING COMMUNICATIONS Marketing Communications. Are the means by which firms attempt to inform‚ persuade‚ and remind consumers –directly or indirectly- about the products and brands they sell. In a sense‚ marketing communications represent the “voice” of the company and its brands and are a means by which it can establish a dialogue and build relationships with consumers. Marketing communications mix. Consist of 8 mayor modes of communications: 1. Advertising
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person on this earth yearns for appreciation‚ recognition and affirmation. Some hanker for the recognition from their loved ones‚ some want to be recognised by their boss‚ organisation want to be recognised by consumers‚ some aim at appreciation from the masses or their peers in general and usually‚ organisations aim for affirmation (For example‚ ISO or Cast Trust awards). Marketers in this case had used the consumer-driven approach‚ consumer wants are the drivers of all strategic marketing decisions
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1. Discuss the ethics of promotions and the ways how marketers could avoid or protect themselves against promotion snafu. Marketers need to follow the right guidelines in order to promote or advertise their products. For Malaysia‚ we had The Advertising Authority (ASA) that was established in 1977 to provide independent scrutiny of the then newly created selfregulatory system set up by the industry. Their main tasks are to promote and enforce high ethical standards in advertisements‚ to investigate
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in the United States is different in taste from the chocolate used in Galaxy in the Kingdom. Galaxy and Dove chocolates were introduced in 1956. During that year‚ a Greek-American immigrant from the Chicago area named Leo Stefanos was credited for creating such appetizing milk chocolate. In 1986 Mars Incorporated acquired Galaxy Company after being successful for 30 years. Galaxy produces other chocolate milk specialties such as Truffle‚ Promises‚Duetto‚ Ministrel and Senzi. Likewise‚ it also produces
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