27
SONG & MENG, PC CONSULTING REPORT
Song & Meng, PC Consulting Report
BECK Consulting Team:
Brian Tan
Erika Tan
Cari Lyall
Kathleen Guiang
Table of Contents
Executive Summary 3
Introduction 4
Online Marketing 4
Offline Marketing 8
Market Expansion: South Korea 13
Market Strategy Evaluation 21
Importance of tracking marketing 21
How to track your marketing 22
Recommendations 25
Conclusion 25
References 27
Song & Meng, PC Immigration Lawyers Consulting Report
Executive Summary Our California Institute of Advanced Management consulting team (BECK Consulting) looked into many different areas to gain helpful insight and information for Song & Meng, PC Our BECK Consulting group focused on four key areas: online marketing strategies, offline marketing strategies (specifically print ads), market expansion opportunities in South Korea, and finally, marketing strategy evaluation. Each section has detailed information on how we believe these areas can assist Song & Meng, PC BECK Consulting drew from a variety of resources for this project, including peer-reviewed journals, trade publications, other online resources and the professional experience of each team member. BECK Consulting found that developing a social media presence would allow for greater visibility and market access. Because of this, BECK Consulting recommends that Song & Meng, PC invest time in creating a Facebook page as well as enhancing their website and LinkedIn page with more content. In
When Quiksilver announced the start of its women line Roxy in 1990, they defined the brand as a “fun, bold, athletic, daring and classy” brand for young women. Market segmentation is a crucial marketing strategy and Roxy utilizes the four bases that are commonly used for segmenting consumer markets including geographic, demographic, psychographic, and benefits sought segmentation. The geographic segmentation is ideally unlimited for the Roxy target market because the brand offers clothes for both warm and cold weather, however, it focuses mainly on the “beach lifestyle” and is generally more popular in beach towns. The demographic segmentation of the Roxy brand, is aimed to attract young women between the
Our California Institute of Advanced Management consulting team (BECK Consulting) looked into many different areas to gain helpful insight and information for Song & Meng, P.C. Our BECK Consulting group focused on four key areas: online marketing strategies, offline marketing strategies (specifically
To be able to solve simple problems involving money in real-life context and explain how the problem was
New Times Providers designed their sales and marketing strategies by analyzing the current market conditions and their own strengths. Through this process, New Times Providers was able to develop their sales and marketing strategy to leverage their competitive advantage with peculiar marketing strategies. This enabled them to establish the company as the leading print service provider for consumers and business. New Times Providers has created momentum by engaging critical brand and mass recognition. The company will monitor the degree of effectiveness of their marketing efforts to establish the return of advertising on commerce and investment generated from different channels. The ongoing sales and marketing strategies by New Times Providers entail expanding and maintaining a wide range of target markets (Nash, 2011). Further, they are creating alliances with services and products firms to deliver quality products. This has enabled the company to invoke themselves thus bringing and implementing total solutions for the benefit of customers. The marketing plan for New Times Providers is based on key fundamentals, which include:
The name of the business will be A1 Accounting Services. The ideal location is Los Angeles, California. The business will be focused on creating customizable accounting solutions for addressing the needs of individual clients and large organizations. This means that there will be a concentration on a number of areas to include: providing tax advice / estate planning, insurance and creating programs that can deal with specific challenges impacting customers. ("How to Start an Accounting Firm," 2012)
Without emphasize the price and product strategies previously discussed, a brief analysis of the marketing mix underlines some other specific traits of the company. An interesting aspect is represented by promotion. In the solar Industry a great part of the promotion effort lies in the downstream, and this is where SolarCity put a greater effort: on the 2,510 employees (2012), 661 work in sales and marketing and 248 work in customer care (SolarCity, “SolarCity annual report 2013”, SolarCity, 2013). SolarCity promotion relies mainly on a well-trained direct sales force used for what the founder calls in-house sales. The direct-sale force is backed up by a call center and a cross-promotion channel partner such as Home Depot (home improvement supplies superstore) and customer referrals. It is also true that not all of the promotion effort lies on the downstream of the industry. Customer sensitization, especially in a young industry such as the solar one, is a shared need and in addition seen the involvement of government in the industry join effort may become a necessity. To fight the opposition on the “Net metering” and the planned decrease in governmental subsidies many solar companies formed trade associations for lobbying purposes and industry-wide advocacy groups. In addition all companies in the industry are active supporter of various “green initiatives” aimed at the sensitization of potential customer toward a “sustainable lifestyle”. Solarcity also
Bradley & Associates was founded in 1981 by a brilliant man with a legendary sense of purpose. The purpose was to provide an outlet for companies to market their brand and their products in an efficient way. We have been a family-runned business for 35 years now, and through those years we have specialized in offering our clients custom solutions for their international extensions. Our business distinguishes itself by our deep understanding of our clients ' brand products and providing advanced recommendations to solve their needs.
1. The five types of customer needs are: Stated needs, Real needs, Unstated needs, Delight needs and Secret needs. Define each and give an example for each.
The critical part of marketing research is to anticipate the response of customer for marketing activities. However, Most of data is hard to obtain or the validity is doubtful. And the market environment is dynamic and complex. Marketing Strategy is not only a science, but an art. So, determining the marketing strategy need not only field data but also experience and intuition.
Our product 's main marketing objective is to focus on the customers ' wants and needs and, at the same time, maintain a marketable selection of shoe polish at all times. This will allow us to effectively influence and persuade them to buy.
Gaming online has become a trend and promotions can be run before the start and after the end of
Marketing strategy is defined by David Aaker as a process that can allow an organization to concentrate its resources on the optimal opportunities with the goals of increasing sales and achieving a sustainable competitive advantage.[1] Marketing strategy includes all basic and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation, evaluation and selection of market-oriented strategies and therefore contribute to the goals of the company and its marketing objectives.[2]
The generic strategy framework (porter 1984) comprises two alternatives each with two alternative scopes. These are Differentiation and low-cost leadership each with a dimension of Focus-broad or narrow. ** Product differentiation ** Cost leadership ** Market segmentation * Innovation strategies — This deals with the firm 's rate of the new product development and business model innovation. It asks whether the company is on the cutting edge of technology and business innovation. There are three types: ** Pioneers ** Close followers ** Late followers * Growth strategies — In this scheme we ask the question, “How should the firm grow?”. There are a number of different ways of answering that question, but the most common gives four answers:
1.3 Analyse the role of sales team within marketing strategy of an organization of your choice:
In general terms, marketing is all related to the places of buying and selling of goods and services to satisfy customers’ needs. Nowadays marketing is the most important issues for success of every business marketing is the activity, set of institution, and process for creating, communicating, delivering, and