Role of Information Technology in Relationship marketing By : Krishna Vaghela Role of information technology in Relationship Marketing The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself." - Peter Drucker “ Abstarct: In today’s market customer is king and every activity gives centre place to the customer because this is time to make your business customer oriented. RM is defined as the identification‚ establishment‚
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charge your hand held devices while the solar panels collect the energy from the sun. This amazing umbrella also is 8ft tall to make it be very spacious‚ light weight and also comes with a carry-on bag to be easy to carry around. Marketing will play an amazing role in the success of our company Electrifying Solar Inc. and product the solar beach umbrella. Our product will be promoted through local television‚ radio‚ and printed advertising on billboards‚ magazines‚ newspapers and flyers. Our company
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This best seller sold more than a million copies in its first year of publication and is being published in 39 languages. The Six Principles of Blue Ocean Strategy General Concept of Blue Ocean Strategy The metaphor of red and blue oceans describes the market universe. Red oceans are all the industries in existence in today in the known market space. In the red oceans‚ industry boundaries are defined and accepted‚ and the competitive rules of the game are known. Here companies try to outperform
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Segments Segments marketing: A market segment consists of a group of customers who share a similar set of needs and wants. Rather than creating the segments‚ the marketers task is to identity them and decide which one (s) to target. Niche Marketing: A niche is a more narrowly defined customer group seeking a distinctive mix of benefits. Marketers usually identity niches by dividing a segments into sub segments. Local Marketing: Target marketing is leading to marketing programs tailored to
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improved recall competitive advantage b. 2. The process of identifying and assessing key competitors is known as a(n) ___________. strategic intentcompetitor analysiscompetitor identificationa. e. d. c. competitive marketing competitive advantage b. 3. According to the text‚ Porter’s five forces model considers all of the following except _____________ buyersnew entrantssubstitutesa. e. d. c. industry structure pricing b.
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New Political Marketing Models in the context of WEB2.0 Politics and Media have never been separated since early time when politicians launched their campaigns by running newspapers. The media channels have been continuously multiplied‚ so the methods of combination of politics and media have been multiplied correspondingly. In 2008‚ thanks to the new media‚ especially the Web2.0‚ a new atmosphere was brought to politics. Web 2.0 is a joint name used to represent the new internetwork applications
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employees‚ the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers. Cause Related Marketing is defined as “a commercial activity by which business and charities or causes form a partnership with each other to market an image‚ product or service for mutual benefit.” The main reason for getting involved in Cause Related Marketing is not philanthropy. On the contrary‚ business gets benefited by linking with charities
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Effect of personality on consumer behavior and decision making An individual’s personality also affects his buying behavior. Every individual has his/her own characteristic personality traits which reflect in his/her buying behaviour.A fitness freak would always look for fitness equipments whereas a music lover would happily spend on musical instruments‚ CDs‚ concerts‚ musical shows etc. Freudian Theory and “Product Personality”: Consumer researchers using Freud’s personality theory see
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billion units. The world per capita is 77. Key to the success of Coca-Cola is an integrated business system that includes a network of bottling partners and canners. In line with a universal model‚ Coca-Cola South Africa is responsible for marketing the beverages‚ which the bottlers and canners manufacture and distributeAn economic impact study‚ undertaken in 2007 by the University of South Africa’s Bureau of Market Research on behalf of Coca-Cola South Africa‚ found that for every job created
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chain is based on the idea of seeing a manufacturing (or service) organization as a system‚ made up of subsystems each with inputs‚ transformation processes and outputs. In Porter’s value chains‚ Inbound Logistics‚ Operations‚ Outbound Logistics‚ Marketing and Sales and Service are categorized as primary activities. Secondary activities include Procurement‚ Human Resource management‚ Technological Development and Infrastructure. Porter suggested that going through the chain of organization activities
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