Abstract
1.0 Introduction
2.0 Discussion
2.1 Targeting and Personalisation 2.2 Revolutionary impact
2.3 Innovation
3.0 Summary and conclusion
4.0 Bibliography
5.0 References
Abstract
The purpose of undertaking this study is to explore the potential of different marketing techniques on the use of technology and traditional marketing methods and to publish a comprehensive debate, which explores the benefits, limits and risks of both marketing approaches for increasing awareness of the marketing activities of organisations.
1.0 Introduction
Marketing is crucial for any organisation to create awareness and to communicate itself to its consumers, and now is even more important more than ever as there are an increasing amount of new businesses
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Unfortunately, even though technology is increasing, not everyone has access to the World Wide Web, in fact around 40% of the world population has Internet connection to this day, but anyone with a mail service, television, newspaper or radio can learn about your services or products. Also through many forms of traditional advertising you can achieve personalisation, which is key to attracting customers. Print advertising is seen as one of the most traditional ways of attracting new customers. You can purchase adverts in newspapers and magazine’s on a local or national scale, and also have the ability to target readers of specific publications related to your industry. Another method is communicating through direct mail, once information of both customers and potential customers have been collected in the database, companies have the chance to send them direct mail. Direct mail allows you to target individuals with specific messages and most importantly, that are tailored to them, whilst also keeping your company image in their minds on a regular basis, offering discount codes and latest offers. A recent form of marketing is guerilla advertising; this technique focuses on low-cost
In the context of global expansion and competition of numerous businesses, effective marketing management is one of the key factors of success, playing an essential role in obtaining competitive advantage. Hence, the success of a company is determined by its ability to identify customers’ needs and offering products and/or services to satisfy them.
In summary, marketing is very important for a business to achieve success. Many businesses have a difficult time in this area. With the stiff competition, businesses struggle to stand out among others. Other companies resort in unethical and unfair schemes just to win the competition. But eventually find themselves in great loss and failure. As businesses all over the world enter into a gigantic marketplace, every business owner is faced with convoluted market competition. Nevertheless, any entrepreneur can be different and become successful in this matter. In every product sold and in every service provided, patience and hard work should take precedence to ensure quality. Products and services should be marketed honestly, planning should not be done with evil
Marketing Plays a vital role in a business, because of marketing the business can offer their offerings and to their customers and provides the services. Marketing is a combination of 4 P’s which are Product, Prize, Place and promotion, to Analysis the marketing of this business, I am explaining the
The following report is prepared as part of the assignment 2 required for the module Strategic Marketing of the BSc Degree in Business Management from the University of Wales.
(Toolkit.smallbiz.nsw.gov.au, 2015)Marketing is integral to the success of a business, large or small, with its primary focus on quality, consumer value and customer satisfaction.
Reaching the target audience is a major factor to achieving company strategic objectives. Marketers are key to the organization’s strategic planning especially as they sit down to align marketing objectives
Marketing is all about creating a really solid decision, which will lead to more money. In this paper I will give some history of my organization, and explain how each element of marketing affects the organization. In addition I will cover the industry in which the organization resides in.
| |Write a 700- to 1,050-word paper in which you describe the importance of marketing
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.
Marketing mediums, tools, promotional strategies and consumer needs and wants change constantly. In order to penetrate any market segment and to grab
Marketing is perhaps the most important activity in a business because it forms the communication bond between the customers and the company, and it’s a key aspect of communicating the value of the product.
Reaching potential and existing customers can be done through various methods including – Social Media, Text Message, Phone, Email, Marketing and Advertising.
Marketing is selling the product goods and service by knowing the needs and wants of the customer and consumer (Kotler P, 2009). Marketing Management expertise has capable of knowing the change of an organisation to manage both the internal and external challenges of environment (Cant M C, et al, 2009). A company needs to classify the customer needs and identifies the demand of the supplying
In the other hand, traditional marketing is slowly being forgotten as we step into the 21st century because the products are expensive! With products being handed down from the factory through a middle man, before it finally reaches the hands of the consumer, many additional charges have been added on. As a consumer, surely people prefer to get the same product for a cheaper price! Aside from that, traditional marketing too, can be demanding in another aspect. Have you ever been approached by promoters, all ready to give a lengthy explanations about the product they are about to sell to you? The con of traditional marketing is that it requires investment of time for promotion for the particular product. The seller themselves, approach the costumer to promote the product. In other words, traditional marketing can be considered inefficient. As logic tells us, how many customers can the promoter approach a day? 30, 40 or 50 a day? Therefore, transmission of information for the particular product can be a slow to reach the customers when traditional marketing is used. According to the Harvard Business Review article written by Bill on August 2012, he said that the traditional marketing; including advertising, public relations, branding and corporate communications — is dead. It is because many people in traditional marketing roles and organizations may not realize they 're operating within a dead paradigm. But they are. The evidence is
Marketing management is the act of choosing and targeting different markets and creating good relationships with them, regarding the resources of the company.