MBA 645 Module 1 Resource List
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School
Southern New Hampshire University *
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Course
MBA 645 OP
Subject
Marketing
Date
Feb 20, 2024
Type
docx
Pages
4
Uploaded by SuperHumanBoulderWildcat34
Introduction
In these resources you will learn that marketing and branding strategies are related and work together. You will learn about how to re-position and enhance your brand after a crisis with the help of proper marketing strategy. You will also learn about how big global brands are built and what process organizations follow to achieve and keep their brand image. Finally, these resources will help you learn the four Ps of marketing and their role in marketing.
Required Resources
Textbook
:
Strategic Market Management
, Chapters 1 and 9
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In this section of the resources, you will learn about the role of marketing in a strategy-building process. Chapter 1 gives an overview of how business strategy and marketing strategy go hand in hand. Also, this chapter explores brand awareness and brand management in detail. Chapter 9 will help you understand the concepts of brand equity, brand loyalty, brand identity, and brand association. Consider the following as you read:
What is strategic market management and how does it help companies to create, change, or keep a business strategy?
What is the difference between identity and position?
How do each of the three brand equity dimensions supply value to the firm?
What are the 10 commandments of marketing?
Reading
:
How to Save Your Brand In the Face of Crisis
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new window
This resource will help you learn how to design strategies after a crisis to rebuild and enhance the brand image. This article provides strategies to communicate with people in a time of marketing crisis. It also covers how companies can enhance their brand image by effectively responding to a crisis. Consider
the following as you read:
How can you evaluate the severity of the situation or a crisis? Which three dimensions are critical for a situation analysis of crisis?
What is the crisis communication network and how it can be helpful for brand rebuilding?
Why it is essential that companies should gauge the customers’ perception of the crisis correctly?
Reading
:
The Four Ps of the Marketing Mix
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This resource explores the concept of the four Ps of marketing, which include product/service, price, place, and promotion. It also covers six elements of the marketing mix (advertising, interactive/internet marketing, publicity, direct marketing, personal selling, and sales promotion) which if used well, can
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Related Questions
The topic must be about:Point of sale(POS) and restaurant management systemand dont forget put graphs and statistics
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The purpose of this assignment is to have students relate to marketing from their everyday observations and interactions by making the connection between what they do in practice and the underlining marketing principle that is at work. Marketing is not an abstract topic. It is a very relatable practice that most people interact with at some time or another in the normal course of their daily lives. We are constantly being bombarded by many marketing messages, programmes and activities. Whether we visit a store to make a purchase, browse the shopping mall/plaza to view the many products being offered by different merchants, turn on our TV or radio to view our favourite programme, we interact with several marketing activities. Some are subtle and we may not notice them, others are more overt and in “our face”. The way we interact with these marketing stimuli can ignite a chain of emotions that may eventually result in us buying or using a product or service to fulfil one or more needs…
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Apply the 4 P's of marketing to the sport product or service selected (Indian Cricket Team)
Address the following items in this section of the assignment:
Product: Explain the sport product or service to be marketed.
Price: Identify the cost of the sport product or service as compared to its competition.
Place: Describe how the product or service will be distributed to consumers.
Promotion: Recommend how you will make consumers aware of the product or service.
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3
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Make a narrative statement for the outline of the Strategic Marketing Plan.
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Creative Homework/Short Project. Assume that a small regional microbrewery has hired you to help them with their target marketing. They are prettyunsophisticated about marketing—you will need to explain some thingsto them and provide ideas for their future. In the past, the microbreweryhas simply produced and sold a single beer brand to the entire market—amass-marketing strategy. As you begin your work, you come to believe that the firm could be more successful if it developed a target marketing strategy.Write a memo to the owner outlining the following:a. The basic reasons for doing target marketing in the first placeb. The specific advantages of a target marketing strategy for the microbreweryc. An initial “short list” of possible target segment profiles
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Answer the following questions:1. What does significance mean in business?2. Why do we need to learn E-commerce and Internet Marketing?3. How are we going to learn E-commerce and Internet Marketing?4. What is the relationship of Marketing Management course to E-commerce and Internet Marketing?
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5. Direct-to-consumer
businesses have had
mixed success. That is, while the model
has succeeded in some categories, it has
not worked in others. Can you identify
reasons why? Which product categories
may be more suited for direct-to-consumer
business model?
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Marketing management is about ensuring that marketing decisions are well planned and executed in order to satisfy the needs and wants of the customers. It is expected that all firms adopt the marketing concept/ orientation at all levels of the management
Giving examples, discuss how a firms can adopt the marketing concept in their decisions making processes
In what ways can manufacturing firms benefit from knowledge of marketing?
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1
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Marketing Mix
choose a product that you have purchased recently. Research and investigate this product on the Internet and in the marketplace. Evaluate the marketing mix (product strategy, pricing strategy, distribution strategy, and promotion strategy) used by the manufacturer of this product. At a minimum, consider the following questions in your investigation:
Promotion Strategy :
* Identify the various media used to promote/advertise the product.
* Did other promotional tools (sales promotion, public relations, personal selling) play any role in your purchasing decision? If so, describe them.
* Describe and analyze the promotional mix (see pages 181-190, Chapter 12).
* Do you agree with the company’s marketing strategy, or would you recommend changes to the mix? Why?
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You currently work as a consultant for a large beverage corporation. Include a discussion with the company about how it should update its online image and how it should incorporate the internet into its overall marketing strategy. It is strongly recommended that draughts be created in advance to ensure that all essential web pages function properly after they have been published live.
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Doing Marketing - Brands and Branding
Insights
Definition: What Is Brand Equity? Definition and Importance
Read more on Interbrand: Best Global Brands 2022
Read more: Top 100 Global Brands
Introduction to assignment: Measuring brand value is a complicated process. Different firms use different methods to measure brand equity. The top 100 brands as reported by Kantar are different than the top 100 brands measured by Interbrand because they use different formulas for calculating brand equity.
a .How does Interbrand measure brand value? See the applications and methodology section on Interbrand’s website.
b.Choose two of your favorite brands of the top 100 brands from the current year on Interbrand. How have the brand rankings changed over the past 10 years or so?
c.Using the two brands from the previous question, what do you believe is driving their success, failure, and/or stagnation?
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Select a company that predominantly focuses on either B2B or B2C markets. Next, choose a new market for your selected choice. For example, if you selected B2B, describe how customer behavior and the process would differ from marketing to B2C. If you selected B2C, describe how client behavior and the process would vary from marketing to B2B. Describe the challenges you would face in the new process. How would you emphasize value for your new market?
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1). Identify a company that is publicly held and widely visible in an industry
2). Explain the company, product/service mix and target market.
3). Identify the "Four Major Types of Utility" of that institution.
4). Then identify the "Value Proposition" of that company and describe how each "Utility" supports the Value Proposition the company is marketing to the target market.
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Create a new product for Kellogg's company that could be an extension of an existing brand(family branding) or totally new branded product(individual branding)
In order to assist in developing the marketing plan, the report should cover the following sections
1. introduction
2. Business mission statement (Source either from the company or your decision)
3. Marketing environmental analysis
External environmental analysis
Macro-environment: PESTLE analysis
Micro-environment: Porter’s Five Forces
Internal environmental analysis: SWOT and TOWS analysis (both in a table format listing a few key points – the SWOT and TOWS tables are not included in the word count)
Optional: BCG Matrix (not included in the word count)
4. Marketing objectives ( develop SMART objectives based on marketing environment analysis)
Based on UK marketing. Please use your own words.
Many thanks
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Your Task
Evaluate how Wanda is currently applying each of the four Ps of marketing to the products Salty Pawz sells. Capture this in your written document so that
Wanda can refer back to it as she begins to draft a marketing plan.
• Once you have evaluated how Wanda is currently applying the four Ps to the products Salty Pawz sells, identify at least one new way that each of the four
Ps could be improved. When making your recommendations, be as specific as possible so that she can execute some of your ideas immediately.
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Marketing terminology. Like many subjects, marketing appears to have a language of its own. Visit the Web site of the American Marketing Association. Click on “resource library” and then “dictionary.” Define the following terms: A/B testing, dating, never out list, and will-call. http://www.marketingpower.com
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How are for-profit business firms and nonprofit firms different with regard to the marketing concept?
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B)how e-marketing has shifted control
from the to the customer.
company
C)What is the pricing and distribution
strategy used by eBay.com?
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1. What methods does Jones Soda use to market its product?
2. How do these marketing methods help the company compete
against the market giants?
3. Write a brief critique of the Jones Soda Web site and comment
on its effectiveness as a marketing tool.
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When most people think of successful marketing, in-
ternal firm culture doesn't immediately come to mind
as a contributing factor. You may have learned about
corporate culture in a management course. What is
a corporate culture? What are some reasons a firm's
culture is important to the capability of doing good
marketing? Give some examples of aspects that
you consider indicate a good corporate culture for
marketing.
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1. Discuss the difference of marketing and marketing mix, and how does will affect you as a
future business manager?
2. At present time, what approach do you prefer to use in marketing? Why?
3. How will the 4Ps, 7Ps, and 4Cs be of help in your life as a future graduate of BIT?
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Select any organization that you and your group find to be of interest. What product or service do they offer? [Highly recommend that you choose one from the companies and products you all wrote about in Module 4!]
Discuss the product/service base knowledge within your group.
How would this organization benefit from a marketing dashboard approach? Discuss.
Using both your experience and unique perspective, discuss the elements you would recommend adding to this organization’s dashboard. Why do you recommend these elements?
How could this organization avoid some of the pitfalls potentially associated with marketing dashboards?
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the important roles and responsibilities of the Marketing Department in Levi's
how your marketing department works and interacts with other departments in your company, and how it supports the broader organizational context in terms of vision, mission, and purpose
How the external environment will affect the ability of Levi's to identify opportunities or challenges.
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Directions:
To use the 7 Ps model and for your market to know you better, it's time to make your
Marketing Plan. In three (3) sentences, describe each component of the Marketina Mix
in relation to your proposed business.
of
Place: What new distribution options are there for customers to experience my product, (e.g.
could they buy it online or in-store)? How will the customer avail my product/service?
Price: At what price will I place on my product/service? How much is my markup?
Promotion: How will I convince my customer to buy my product/service? What tools will I use to
promote my product/service?
People: Who are the people involved in my enterprise/business? What are the functions of each
worker?
Packaging: How will I make the overall presentation of my product/service eye- catching or
appealing to my customers?
Positioning: What will make my customer become loyal in patronizing my product/service?
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Why is Adverstising important in Marketing?(please do not copy answers from the internet, thanks.)
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Questions:
Marketing is marketing whether it concerns the consumer market or industrial market. Do you agree or disagree with this statement? Why?
The term industrial marketing, business marketing, and business to business are often used to describe marketing in the industrial market. Which of these three terms do you believe best describes marketing to organizational customers? Explain your reasoning.
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1. Why would a course in marketing be helpful even if you don't pursue marketing as a career?
2. Name a company you think might be successfully following a production orientation. Why might a firm in this industry be successful following such an orientation?
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Get together with two to three other classmates for this discussion question. Then:
Select any organization that you find to be of interest. What product or service do they offer?
Discuss the product/service base knowledge .
How would this organization benefit from a marketing dashboard approach? Discuss.
Using both your experience and unique perspective, discuss the elements you would recommend adding to this organization’s dashboard. Why do you recommend these elements?
How could this organization avoid some of the pitfalls potentially associated with marketing dashboards?
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SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Related Questions
- The topic must be about:Point of sale(POS) and restaurant management systemand dont forget put graphs and statisticsarrow_forwardThe purpose of this assignment is to have students relate to marketing from their everyday observations and interactions by making the connection between what they do in practice and the underlining marketing principle that is at work. Marketing is not an abstract topic. It is a very relatable practice that most people interact with at some time or another in the normal course of their daily lives. We are constantly being bombarded by many marketing messages, programmes and activities. Whether we visit a store to make a purchase, browse the shopping mall/plaza to view the many products being offered by different merchants, turn on our TV or radio to view our favourite programme, we interact with several marketing activities. Some are subtle and we may not notice them, others are more overt and in “our face”. The way we interact with these marketing stimuli can ignite a chain of emotions that may eventually result in us buying or using a product or service to fulfil one or more needs…arrow_forwardApply the 4 P's of marketing to the sport product or service selected (Indian Cricket Team) Address the following items in this section of the assignment: Product: Explain the sport product or service to be marketed. Price: Identify the cost of the sport product or service as compared to its competition. Place: Describe how the product or service will be distributed to consumers. Promotion: Recommend how you will make consumers aware of the product or service.arrow_forward
- 3arrow_forwardMake a narrative statement for the outline of the Strategic Marketing Plan.arrow_forwardCreative Homework/Short Project. Assume that a small regional microbrewery has hired you to help them with their target marketing. They are prettyunsophisticated about marketing—you will need to explain some thingsto them and provide ideas for their future. In the past, the microbreweryhas simply produced and sold a single beer brand to the entire market—amass-marketing strategy. As you begin your work, you come to believe that the firm could be more successful if it developed a target marketing strategy.Write a memo to the owner outlining the following:a. The basic reasons for doing target marketing in the first placeb. The specific advantages of a target marketing strategy for the microbreweryc. An initial “short list” of possible target segment profilesarrow_forward
- Answer the following questions:1. What does significance mean in business?2. Why do we need to learn E-commerce and Internet Marketing?3. How are we going to learn E-commerce and Internet Marketing?4. What is the relationship of Marketing Management course to E-commerce and Internet Marketing?arrow_forward5. Direct-to-consumer businesses have had mixed success. That is, while the model has succeeded in some categories, it has not worked in others. Can you identify reasons why? Which product categories may be more suited for direct-to-consumer business model?arrow_forwardMarketing management is about ensuring that marketing decisions are well planned and executed in order to satisfy the needs and wants of the customers. It is expected that all firms adopt the marketing concept/ orientation at all levels of the management Giving examples, discuss how a firms can adopt the marketing concept in their decisions making processes In what ways can manufacturing firms benefit from knowledge of marketing?arrow_forward
- 1arrow_forwardMarketing Mix choose a product that you have purchased recently. Research and investigate this product on the Internet and in the marketplace. Evaluate the marketing mix (product strategy, pricing strategy, distribution strategy, and promotion strategy) used by the manufacturer of this product. At a minimum, consider the following questions in your investigation: Promotion Strategy : * Identify the various media used to promote/advertise the product. * Did other promotional tools (sales promotion, public relations, personal selling) play any role in your purchasing decision? If so, describe them. * Describe and analyze the promotional mix (see pages 181-190, Chapter 12). * Do you agree with the company’s marketing strategy, or would you recommend changes to the mix? Why?arrow_forwardYou currently work as a consultant for a large beverage corporation. Include a discussion with the company about how it should update its online image and how it should incorporate the internet into its overall marketing strategy. It is strongly recommended that draughts be created in advance to ensure that all essential web pages function properly after they have been published live.arrow_forward
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SEE MORE QUESTIONS
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Recommended textbooks for you
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning