Week 9: Week Nine - Class Discussion Class Discussion Class Discussion (30 points) This week’s discussion focuses on integrated marketing communications. Companies use various promotional tools in order to design successful integrated marketing communication strategies. Please respond to all of the following prompts in the class discussion section of your online course: Explain how the promotional tools used by an airline would differ if the target audience
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1. Marketing in Today’s Economy (26) (27) Commodity Hell - Bad economy (commoditization‚ low price leaders do well‚ starbucks example) (28) The Challenges and Opportunities of Marketing in Today’s Economy Advances in computer‚ communication‚ and information technology forever changed the world Power Shift to Customers Massive Increase in Product Selection Audience and Media Fragmentation Changing Value Propositions Shifting Demand Patterns
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Marketing Strategy Callaway’s main strategy is differentiation based on technologically advanced products which (supposedly) have performance advantages sufficient to justify the premium price. Callaway’s goal is to maintain its #1 position as the world’s largest golf merchandise company. To maintain its status and distance itself even further from the competition‚ Callaway will need to utilize its size and unique technological advances to continue to produce great products that maintain customer
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IKEA’s Marketing Strategy One thing that makes IKEA becoming the best known global furniture retailer in the world is its marketing strategy. IKEA is a strong ban and many people across the globe think of IKEA when they thought about furniture. The key success of marketing strategy is IKEA’s standardization. IKEA stores around the world look alike and they all contain core value of organization’s culture. It looks and operates the same in every market markets. However‚ IKEA stores have to adapt
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complex because of conflicting marketing targets and conflicting marketing factors. Rationalization of the brand portfolio allowed our competitors to increase revenues by 50%‚ margins by 100%‚ and strengthen its positions on the market. We are facing the need to change in order to be able to keep up with the competitors. * Our strategic alternatives are: 1) to internationalize the brand portfolio 2) to stay in differentiation strategy 3) to adjust with adaptive strategy (Think Global‚ Act Local)
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21/12/2011 Marketing Strategy analysis of LVMH with a special focus on LV Industry overview: Louis Vuitton Malletier is commonly referred to as Louis Vuitton‚ sometimes shortened to LV‚ is French luxury fashion and leather goods’ company. The company was founded in 1854‚ and now is the cornerstone of LVMH and its main division carrying almost a quarter of the total group. LVMH is the world leader in the luxury industry. It was established in 1987 through the union of three brands: Louis
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Cited: Tyson. (n.d.). 5 ways companies benefit from cause marketing. Retrieved from http://www.brightercausemarketing.com Beyond Hangovers. National Institute of Alcohol Abuse and Alcoholism. Retrieved November 10th‚ 2012‚ from www.niaaa.nih.gov Evolving to Meet the Needs of a Changing Society. Pfizer. Retrieved November 6th‚ 2012‚ from Pfizer.com Bhattacharya‚ C. B. (2009‚ November 20). Corporate social responsibility: It ’s all about marketing. Retrieved from http://www.forbes.com/2009/11/20/corpo
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Understand how the marketing plan supports strategic objectives 1.1 Explain how the strategy of the organisation impacts on the marketing plan 1.2 Identify the component parts of a marketing plan 1.3 Identify issues of risk within a marketing plan 2. Understand the construction of a marketing plan 2.1 Identify the levels of importance of each component of the plan 2.2 Identify mitigation strategies for high risk components of the plan 2.3 Produce a marketing plan 3. Understand how to
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Evaluate NASCAR’s branding strategy in relation to its overall marketing strategy. Could NASCAR have done anything differently to insulate itself against the economic downturn? NASCAR has been successful in promoting its brand name by integrating a number of marketing initiatives into its strategy that include partnering and co-branding with other businesses and companies. These endeavors included putting various logos on the jumpsuits of the race car driver and on the race care itself from
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connect with hosts to find less conventional and‚ often more‚ affordable lodging. Key to Airbnb’s business success is establishing a framework of trust on which both hosts and guests can rely‚ a system Airbnb has developed through a strong marketing strategy and through specific practices that support host and guest throughout the rental process. Building this framework of trust in the system is a focus not just for Airbnb‚ but is also typical of a company operating in the new sharing economy. WHAT
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