Assessment 1
Case Study analysis:
Business-to-business market: How and why organization buy
Subject Name: Marketing and Customer Engagement
Subject Code: LB5232
Study Period: SP51, 2015
Lecturer: Dr Pengji Wang
Student: Wey Yu Chen
Student ID: 12658682
1. Introduction of Brand Momentum Inc.
Brand Momentum Inc. (BMI) is an organization that provides customers such as Lindt Chocolate, Red Bull, and Volkswagen with different types of services such as experiential marketing, workforce automation, sales, social & digital media, and merchandising. BMI started in 2009 by a dedicated and experienced team that implemented and conducted the world-class programs by using multi-channels. BMI’s vision is to focus on their promises made with
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No matter what it takes, how easy or difficult the task, it will root out all the obstacles to meet customers’ expectation, on time and on budget ("Brand Momentum Inc. - Moving Brands Forward - BrandMomentum.ca,").
2. Case Issues
The core problem BMI faces now is how to market the potential firms to business to business customers. Despite the good reputation of the team’s members as individual in their past business experience, they are not recognize as a new firm. BMI’s target customers are those firms need third-party services, such as sales, marketing, merchandising, technology and human resource.
In order to solve the problem, BMI comes out with three suggestions. The first option is to use the traditional marketing means such as purchasing advertisement space on magazines and newspaper to share BIM’s vision and story. In this way, BMI can segment newspapers and magazines’ market into different kinds of audiences that are reading in order to target on the right potential customers (Traditional Advertising Media Pros and Cons). On the other hand, BMI invites potential customers to join BMI-sponsored experiential activities, and employ public relation
Boost Juice was founded by Australian born, Janine Allis. The product advocates healthy living. This is now an extremely successful franchise business and the fastest growing juice bar chain of stores and products in Australia. The product Boost juice started off as an yoghurt product and after patenting the product, the juice was born.
Brown, T. (2014). Basic Marketing Research, 8e, 8th Edition. [VitalSource Bookshelf version]. Retrieved from http://online.vitalsource.com/books/9781305178571/page/24
The company’s main objective is to increase brand recognition in the domestic market as well as
Quick and fast changes in an environmental market place such as social growth (globalization and the growth of social networks), economic instability (crises), industrial progress, fast growing competitive world and firm marketing regulatory mainly have an effect on the work of most of marketing companies or marketing and brand image divisions of the companies. In order to put into practice a winning marketing plan or a boost in sales and customer awareness companies have to stay in pace with the new marketing environment and take into thought every likely detail that might help out or ruin the image of a company or product.
Marketing has become more and more important, especially as the purposes of marketing expanded into performing marketing researches. Through marketing researches, it is asserted that marketing starts with a real customer need. Classic marketing, has, nonetheless, focused on making the need that will draw customers, and this stresses the advertising power of marketing (Woodall 2007, p.1284). This is also called the sales concept of marketing (Woodall 2007, p.1285). An example is how advertising lures people into buying a brand, because of the
Research will be key in identifying the market in any region or country B&J wishes to operate, especially into consumers ' needs and wants. The way choices are made needs to be understood and the positioning of B&J needs to accommodate this. The decision is based, amongst others, by the mood of the potential consumer at the time of decision.
Cole and Parker make intense, premium, and vivid men's socks. They collaborated with an architect and outlined all their particular socks in Canada yet have their socks made in China, apparently giving them the best edge likely.
Before conducting a market research or making a product, researchers must ask themselves will it be helpful. Most businesses will not see progress or big profits within the first few years of the new business. The business must plan ahead to determine psychographic, demographic and geographic segments. They must also be able to provide the customers with their needs and wants. A Dan Whittner (2010) states, “in hard times or easy, setting customer strategies focuses on one thing: understanding your customers’ needs. Dan, indentifies how listening to customers guides strategy”. He also states, “It is important to know the difference between talking with your customers and talking at them. Dan Whittner (2010) highlights how engaging customers grows a business”.
FRONTLINE® brand products are used to kill fleas, ticks, and lice that harbor themselves in household pets such as cats and dogs. These common pests are easily contracted from other pets or the outside environment and can cause a range of ailments from hair loss, sores, and scabs to anemia, allergies, and other skin diseases. In the U.S., there are nearly 79.5 million households that own either a cat or dog; 30.4% being cats and another 36.5% owning dogs (AVMA.org, 2012). With these substantial numbers of household pets, fleas and tick infestations are a constant threat and reoccurring problem for many pet owners. In 2016, over-the-counter medication, supplies, and veterinarian care generated over $30.6 billion in sales with an overall total
Specific target audience: In the 1990’s, Starbuck primarily targeted towards the affluent, well-educated, white-collar patrons (skewed female).
As mention before, Restaurant Brands International is a merger company that contains Burger King, a coffee shop and a restaurant called Tim Hortons. Since it was a merger that occurred in 2014, there isn’t much info for the company; however, since Burger King has been almost as old as McDonalds so much of the info will come from Burger King. Burger King is practically the same as McDonalds created in 1950s yet a few years later after its competitor was born. The main difference of how it was created was that Burger King started off like a stove and that name of the stove was named Insta-Boiler.
To be successful in business, "a consumer does not buy a whole of physical components of the product but it is usefulness, function, satisfaction of consumer's needs, solving the problem, etc" (Dubrouski, , p.1). "That is why the product is a whole of tangible and intangible components which means satisfaction of consumer's needs and desires, solving the problem"(Dubrouski, p.1). Companies and managers must learn to utilize marketing research, as well as, strategy skills to fulfill customers' satisfaction. Management has to focus on exclusive marketing challenges presented by the new era of the 21st century. Management has to be able to utilize inventive, dominant, and cost effective marketing techniques that will support the future success of the organization. Companies must meet,"the increasing importance of services as part of a product (offer, offering package) which cannot be neglected" (Dubrouski, p.1). Exploring the purpose of market research, as well as, evaluating the importance of such research, facilitates managers in realizing the importance of marketing to an organization's success and to be globally competitive.
1. A brief history of the brand: origins, key stages in its growth , etc.
Various people would think marketing would not be key within businesses, however, businesses require customers so that revenue can be generated and they can branch out to different countries. TV advertisements along with commercials and posters are used by companies so customers can see what they are offering. In addition, countless hours are put into finding target audiences and board meetings where concepts can be formed and distinguished. Marketing has shown to be a key factor in businesses but does not compare with the supremacy that human resources and finance embrace in the organisation.
Brands, their veneration as a part of Brand Communities and how they are differed from all other communities is basically what discussed in this paper .Brand Communities can be defined as a group of people who are having liking for a particular brand. According to Muniz et o ' Guinn (20014), brand communities offer their members various kinds of experiences and culture with specific rituals, traditions and behavioral expectations. The participation of a person may be based on the fact that he/she is interested in particular fantasy literature,