Marketing Information for ‘Bonmarche’
Phoebe Jones - Student ID 33433577
Semester 1, 2014-20151. Introduction
This report will provide a brief synopsis of Bonmarche and an evaluation of their market using appropriate secondary data sources. It will go on to identify primary research methods which will enable the company to obtain information on customer viewpoints about their products. It will provide recommendations for the most appropriate primary research methods. In addition, it will identify the key requirements of the role of a Marketing Executive within Bonmarche.
2. Role of a Marketing Executive
The Marketing Executive role supports the marketing management function which has undergone significant changes over recent years (Webster 2005) and the specifics of the role of the Marketing Executive is likely to vary between organisations. However, the findings of Gök and Hacioglu (2010) outline six main roles which the Marketing Executive could expect to be involved in.
2.1. Marketing mix management This is made up on two main responsibilities; directing and implementing promotion activities and product related activities. Some examples of promotion activities could be special offers, give aways, time limited promotions and items such as these. Product related activities, in the retail world for example, could involve new campaign emails, social media promotions, advertising and much more.
2.2. Managing internal relationships network Marketing
Strategic marketing management is all about marketing activities that influence the corporate, business and marketing plans. Strategic marketing can be characterized into three fundamental roles. In the first place, marketers situate everybody in the business toward markets and clients. Along these lines, they are in charge of helping business execute a showcasing rationality all through the strategic planning process. Second, gathering and analysis of information are being done by marketers to assess the actual situation, recognize patterns in the advertising environment, and evaluate the potential effect of these patterns. This analysis contributes to corporate, business, and marketing strategic plans. The third role is
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.
The function of marketing is to focus on the needs of consumers as well as consider wider influences (such as pressure from key stakeholder and an ever-increasing competitive business environment) to ensure that the very best decisions are made for the business. (Business Organisation and Management for QLD) This is the ultimate goal for businesses to enhance their current position by taking advantages of opportunities existing in the global market place. Benefits of marketing management include that better economies of scale can be achieved and new approaches will be recognised which can be further utilised. Also diversifying markets means more financial stability which will be talked about later.
Marketing is about making sure that a business is providing the goods and services that customers want. It involves identifying and anticipating what consumers want today and will want in the future. The marketing department then plays an important role in taking these goods and services to market through all the channels the business sells through.
The main aim of marketing is to understand customer 's needs and to develop a right way that can cover all this essential matter. Basically marketing jobs is make sure always and find out about customer requirements.
My connection to marketing started when I was a child. My mother’s friend sold beauty products in gorgeous boxes, targeted at female customers in various age groups. Attracted by the exquisite designs and persuasive slogans, I hoped that one day I could come up with such creative marketing ideas. As I grew up, I gained a better understanding of marketing from my father, a corporate sales director. Through our conversations, I learned that while making a sale is undoubtedly important, establishing brand equity and customer loyalty is the ultimate goal. This can only be achieved through successful marketing. Such recognition sparked my interest in exploring the field of marketing, and the real-world experience I’ve gained since then has only strengthened my desire to pursue a marketing career. Admission to ICL’s Strategic Marketing program is a natural next step in my preparation.
PetSmart is a leading retail store that sells specialty pet products and services. It operates more than 1200 stores in North America and is regarded as the biggest player in the pet supplies and services industry. It came to Canada in 1996 and its store is located at Quinn drive Sarnia. They sell consumables (i.e. pet foods and treats), hard goods (i.e. pet accessories) and also live small animals such as birds, hamsters, fish etc. they do not sell dogs or cats but rather most of the times have adopt a thons by collaborating with local animal rescues. Their stores are large in size and they have tried to make them bright and colorful to make sure that they don’t have a ware house type look. Another
Indicate your primary and secondary sources of data and the methods used to estimate total market size and your market share.]
Marketing manager play a key role in organizing all the marketing activities of the company. Marketing manager should has abilities to deliver products and service to customers, organizing the market segment, increase company’s marketing share, work with other employees. Therefore, marketing manager position requires the applicants to have a good knowledge of marketing functions and strategies in order to create an effective influence for the organization to achieve goals.
Choosing a career in marketing can lead a person in many different directions within the defined roles of marketing. Composed of many facets and activities marketing careers offer a variety of avenues for the career minded to explore while offering growth and opportunities for advancement. A common denominator for many who choose a career in this field is the sense of ownership, or entrepreneurial spirit with regards to the products or services that they are working to market. Marketing requires that an understanding of customers' needs and desires be acquired and then translated into both product development as well as communications as part of the marketing strategy. This paper will explore what is entailed in a career
To begin with, what exactly is marketing management? According to businessdictionary.com marketing management is defined as the process of overseeing and planning new product development, advertising, promotions, and sales. How is a career like this important? Our modern world has become largely industrial and as a result our modern national structure is heavily based around a free market economy. What does this mean? As we continue to grow and evolve our structure is growing commercially. For this reason, marketing managers build, grow, and develop new innovative ways to advertise and increase their company sales productions. Marketing Management is a crucial company position that exists to maintain company stability. As an example, Lisa Haisha once said “great leaders don’t set out to be a leader, they set out to make a difference. It’s never about the role,
In marketing base function is fulfil consumer needs in a company, a marketing manager should know exactly and fully understand these requirements so that it can create a product that can fill specific or put a product in a population specific part. Apart from that, to be more facilitate a manager that want to put something product should investigate accurately picture so that consumer can be made into a target and should investigate also on consumers nature if some of them between they less interested towards product marketed
The marketing department has general obligation regarding developing income, expanding piece of the pie and adding to organization development and benefit. The different functionalities of a marketing department are as per the following
Marketing Manager – The individual in this position must have both marketing and industry experience.
The teachings of (Spotts, 2014), (Fill & Hughes, 2008) and (Kotler & Armstrong, 2010) states that there are several roles and responsibilities of a marketing department in a hospitality establishment. This segment will focus on how the marketing department strives to achieve the following functions.