Joseph Anchor
BME-213804-01 Marketing Management
Professor Jordan Fructer
April 10th, 2016
Conventionally, before a consumer buys a product, he/she will follow a sequence of events known as “hierarchy of effects.” It all starts with the consumer being aware that the product exists. In this essay we will go through how various websites go about creating awareness of the products to the last step of making the potential client make the last move; order.
Marketing experts concur that brand awareness in any industry gives a business an edge. Creating brand awareness accomplishes a number of objectives for businesses that are seeking to increase revenues in the market place. Brand awareness drive has to be supple enough to grow with the firm and be able to adjust if necessary. Business firm needs to seek to build customer awareness endorse its website and add value (Nathan, 2011).
Brand awareness usually follows a particular progression, which more often than not, customers do not think through when deciding to buy a product. Initially, the customer has a perceived need for the product, and then he/she will seek/evaluate the available alternatives, though in some cases will opt to buy what is convenient, such as buying a drink. At the same time, he will attach value, both personal and financial, on the product he/she would like to buy.
Awareness can be created by advertisers launching new services, promote a brand, sell merchandise, or simply directing visitors to their Web
Our technology is related to sport market, Targeting the attractive growth “Baby Boomer” market sector. Because Octacourt reduce the lower limb injuries especially in basketball, netball and volleyball types of sport. These sport involve sudden stopping which is main cause of ankle injury in young athletes.
In the field of marketing, there are two major objectives. To first figure out what a customer might be in need of. Once that is established, the second main goal is to come up with creative ways to sell customers products. Marketing is all about searching for a purpose of a product and figuring out how to best brand a product for maximum profits. This can be done in many forms. Although, the most common way of persuading a client would be through verbally presenting your thoughts through a conversation or idea pitch. Marketing can be done well through aspects of writing. Peggy Lux, a freshman business seminar profession and a previous Eli Broad College of Business advisor, states that in her years of experience in the business field has allowed to fully understand marketing in many format. She believes that marketing is heavily based off of personal presence, and giving off this presence can be done through well writing. Michigan State junior Julian Makowski ending his third year of marketing classes speaks highly of the process of marketing through writing. He reciprocates Peggy’s ideas of being professional can be in any formats. It is not uncommon for someone in the marketing line of work to sort through ideas and propositions before they would meet with a customer. This is often where a marketer would incorporate writing into their professions. A marketer would not only write down their ideas of how a particular product would work in a customer’s business, they would
As I reflect back over these last five weeks I now have a clearer view of marketing and how it affects not just the consumers of the world and the companies with their marketing managers, but how it affects me. Yes, I am a consumer who clips coupons, budgets my finances, and looks for sale items and this marketing class has taught me that marketing is more than selling or advertising. Marketing managers have a difficult job, as marketing involves identifying, meeting and satisfying the needs of customers or clients with goods and or services. Coming up with different strategies and marketing mixes is challenging because we live in a changing world with people who needs and financial situations are different. Yet still marketing engulfs every part of our daily lives. From what type of breakfast we eat, to where we shop, and even in our work environment. As I examine marketing, I will blend aspect to my career path as I make myself marketable for the future and aid my employer in the growth and survival in the economy.
effort of companies to use these new means to inform potential customers about their products. As a result,
Brand awareness means the salience of the brand in the customer’s mind which includes: recognition, recall, top-of-mind (Keller, 1993, Aaker, 1996) brand dominance, brand opinion, brand knowledge (Aaker, 1995). Recognition works effectively for a completely new or unknown brand whereas recall and top-of-mind are effective for well-known brands (Aaker, 1996). Keller, 1993 found that advertising enables brand recall which brings marketing and advertising success whereas Ehrenberg et al, 2002 opined advertising maintains brand salience to provide a competitive edge to the brand and stimulate brand awareness. Potential buyer gain brand awareness from advertisements which drive consumer for ultimate purchase (Ehrenberg and Barnard, 1997, Abideen and Saleem,
After careful review of the multinational companies that are out there today, I decided to go with HTC. As many of us know HTC is well known for their carefully crafted mobile products. HTC is mainly known for the cell phones to many but let’s take a look at things in reference to tablets, televisions and computers. As the new market manager for the company I would like to introduce the HTC M10 notebook. This notebook will include the finest Intel PC processor, a sound system constructed by Dr. Dre “Beats”, this notebook will be the ideal candidate for music and movie producers, to also include artists and tech guru’s that get’s a thrill on this type of technology. With the Intel PC processor, this will make this notebook the fastest to date and its first with eight cores, this core i7-5960X Extreme edition chip is aimed at gaming and high performance capabilities. Many know the classic notebook the one with the fold out keyboard, this HTC M10 notebook will have a push button that will allow the keyboard to eject from the monitor of the notebook, which in turn leaves the room to turn your notebook into a table at a push of finger. With the 13” screen size, and the thin monitor design of the notebook this is the ideal on the go item for many of us that do a lot on the run.
As I grew older and learned more about the business world and what it had to offer, I instantly grew interest in the marketing field. The other majors seemed too boring and dealt with too many numbers, I enjoyed the aspect of marketing and how creative you can get with it while interacting with many other people. Marketing and Sales is something that I have wanted to do for a few years now after growing up and seeing my Dad in that field, and now seeing my brother develop in that field. I love the idea of researching a topic, gaining new information about that topic, and than selling your pitch or idea to a customer. I like to believe that I have good communication skills and I am a people person, which can help significantly when it comes
In this section I will take highlights from the CIW 2013 Report to compare and contrast my findings and conclusions from my interview and survey with my marketing professional with what the report found in regards to the Marketing field.
- Brand awareness: Brand awareness is the primary goal of advertising in the early months or years of a product's introduction where consumers are familiar with the qualities and image of the brand.[7]
Brand awareness is the ability for a customer to recognize or recall that a brand is a member of a certain product category (Aaker, 2011).
The brand equity can classified into four, which are brand awareness, brand association, brand loyalty and also perceived quality. In the marketing, brand awareness is a one of the levels of customer’s consciousness of the organization. Therefore, brand awareness is not only for customers to recognize the company’s brand, it also to partner it with a specific company’s product and services. It is because people will think of the brand for some product and also recognize the brand when they are considering the product. So that, brand awareness will be great assets for a company when their competition in the industry is high. For instance, Nike Company. It has done a good job in brand awareness by making their “swoosh”, the one of the recognizable logos on the planet. (David Aaker,
Foster advocacy: This is an important subject in marketing as businesses should nurture word of mouth, in this case in the internet world, it called “world of mouth”. Consumer friends trust your customers more than your brand, so promoting support is crucial. This can include posting things that can encourage your
In an innovative economic society, were millions of products and services are created each year; marketing research is an essential element that provides a comprehensible representation of a need, and potential product concept solutions. Companies are always looking for new ways to generate a constant flow of revenue that will provide a competitive edge in a growing economic environment. Therefore, it is the marketing manager responsibility to assign marketing studies that targets a specific problem and produce opportunities for growth. Good marketers need insights to help them interpret past performance as well as plan future activities (Kotler & Keller, p. 97). Marketing research is crucial to the success of a company. In order to
Marketing research is "the process that associates the consumers, customers, and end users to the marketer through information — information used to classify and describe marketing prospects and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and development understanding of marketing as a process. Marketing research identifies the information required to address these issues, designs the method for collecting information, manages and implements the data collection process, analyzes the results, and communicates the findings and their implications. This is the systematic collecting, recording, and analysis of qualitative and quantitative data about problems relating to marketing products and services. The aim of marketing research is to classify and evaluate how changing components of the marketing mix impacts customer behavior.
As India delves into an accelerated economic path, creating more employment and hence a bigger