Chapter One: Introduction to Dissertation
1.1 Introduction
Marketing is a lot like religion and most people have a strong belief that this belief is typically predicted on how they were raised rather than a formal study of religion belief. Marketing also has its share of agnostics as well as atheists – “I don’t believe Marketing exists”. Regardless of how marketing is viewed today, few questions are come up: Which can survive without the other? This is a litmus test in many situations and all believe it is fair to say that any business cannot survive without a proper marketing strategy. (Wardlaw, 2007)
As there is rapid, real changes are taking places throughout the world politically, economically, socially and
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It also shows that how it can make a vital impact in the success of the organisation.
Marketing strategy and marketing are becoming more important elements to the business now than ever before, due to dynamic environment throughout the globe. The changes taking place in the political, social, economical and technological environment have a great impact on the businesses and posing great challenges to the business to survive in the dynamic market place as the world is transforming into the boundary less world. (Crittenden VL, Crittenden WF & Muzyrka DF, 2002)
This case study research, however, examines the position of the Ford Motors among the other automobile companies in the world and how it marketing strategies can be altered to bring out the real change in its marketing processes, making it more competitive in the market place. Among other things, this research tries to strong shift to a more customer focussed organisation. It sees future strategic changes to reflect changes in business environment.
This study was taken for the Ford Motors, in order to find how marketing operations are carried out within the organisation. The recent changes in the environment due to recession, and government regulations (low emission cars/ hybrid cars) prompted the researcher to find the impact of these factors on marketing strategy of Ford Motors. As mentioned in the introductory part of this
Marketing is a very crucial component of every business. The case study mentioned in this paper discusses a complex business structure, where the company’s goals are more concerned with community and environment sustainability. However, for the concerned company to achieve its goals, the Chief Executive Officer needs to improve its profitability without deviating from the core mission. This proposal will address the key issues facing the company, propose strategies to solve the pertinent issues and choose the best strategy for implementation. Furthermore, the proposal will explain the rationale for choosing the aforementioned strategy and analyze the strategy’s execution plan.
How is marketing defined? What is its importance in a company’s success? This paper will discuss and explain different definitions of marketing along with a definition of author himself. In addition, this paper will elucidate the importance of marketing by giving three examples where marketing was adapted with few mistakes resulting in disaster.
A study of how Volvo Cars adapts its marketing strategy in France compared to Sweden Deborah Samama Jessica Vega
Over the past half century the world has gone through a great deal of change.
Main Idea: This article discusses the transformations of strategic marketing. Marketing is not what one initially assumes it is, and with the technological changes and innovations coming about, marketing has faced several barriers and future impact.
“Marketing strategies can have a broad impact on the business in terms of instilling a marketing orientation among all those in the firm: the way of thinking or philosophy of the whole organization. However, marketing strategies can alternatively be seen as dealing only with the development of competitive advantages directly associated with the marketing function such as customer loyalty and distribution channel control. In the latter case, the domain is sometimes even further restricted by sole attention to the various element of the marketing mix rather than the more general issues of customer and channel relationships. There are two key
This paper discusses the Ford Motor Company, the mission, and keys to their success. In addition, there will be discussions centered on the current company’s market summary. This paper will examine Ford Motor Company’s SWOT analysis, the company’s strengthens, weakness, opportunities, and threats. In addition, this would also look at the automotive driving forces, that make it alluring for firms to join the industry. Finally, this paper will discuss the competition and critical issues Ford Motor Company Faces.
Marketing plays the most important role for the success of a business. In this chapter, the business’ marketing objectives are laid out together with the plans or actions that will be needed to achieve these objectives. Furthermore, this chapter includes the profile of the respondents which aided the researchers to create this part of the feasibility study.
Creation, acceleration and emotion are the key components for any automobile industry to deliver its goods to the expected standards. General Motors, popularly known as GM has been a pioneer in the global autoindustry for more than 100 years. Developing from horseless carriages to the latest sports cars, innovations have always excelled at putting the world on wheels. In fact, there are a lot of exciting things to share about the company. GM’s corporation started in 1892 by R.E. Olds, with a solid financial foundation, which enabled him to produce great vehicles for customers and build a bright future for employees, partners and shareholders. GM slowly initiated its staff of experts in the factories which are located in different parts of the globe and acquired the brands like Chevrolet, Pointiac, GMC, Buick, Cadillac(General Motors Corporation, 2015). Leading the way is their tailored leadership team who set high standards for the company so that they can produce the best cars and trucks. This means that GM is committed to deliver vehicles with compelling designs, flawless quality and reliability, leading safety, fuel economy and commercial features. All are intended to create that special bond that can only happen between a driver and a vehicle. General Motors is a customer driven company and aims at earning customers
The world we live in is completely dynamic. Changes keep happening and are recurrent because of the changes in demographic, economic environment, politico-legal, socio-cultural, technological and global
Developing a marketing strategy is an important tool to understand the company’s target customers. This helps to understand and communicate with the customer base and translate their needs effectively. The two major strategies of segmentation are concentration and multi-segment strategy. Concentration strategy focuses or concentrates on a set group of consumers who are limited and will use that brand. For example the manufacturers of BMW cars are concentrating on customers who prefer high-end cars and will focus their energies in the luxury segment of the car market. They will give complete attention to customers who prefer to buy the car for the status symbol and brand image that BMW carries and so the manufacturer will choose to focus all of their efforts on a single segment. If BMW chose to use a multi-segment strategy they would be marketing to every car user not for brand image alone but purposes such as cars that are used on a daily basis by the working class for mileage, reasonable pricing and other such practical aspects, this will not help BMW maintain their brand value which may be affected and diminish in value. BMW has defined its market and it’s product as a luxury brand, high-end car and that is the strategy they continue to concentrate
Marketing strategy is the goal of the increasing sales and achieving the sustainable competitive advantages. Marketing strategy includes all the basic and long-term activities in the field of the marketing that deal with the analysis of the strategic initial situation of the company and the formulation, evaluation and selection of the market-oriented strategies and therefore it contributes to the goals of the company and its marketing objectives.
Recently, marketing strategies have been changed drastically, the way sales forces promote the products and sell them; the communication with the clients, suppliers and staffs, the way organization reach target market share and the way they distribute goods. The basic reason for all this to happen is massive evolution of technology and matching opening of global markets.
To succeed, a strong business will need an excellent, well-coordinated marketing effort. To generate the sales that make business owners sleep well at night, a business will need a good marketing strategy that takes into account the components of the marketing mix. Though similar, with room for overlap, the marketing strategy is different from the marketing mix. One is composed
Because of the globalization of the marketplace, marketing is more and more important. It becomes a key which help companies or organizations open different markets in different countries or maintain their products as a leader. Before that, it has to make the marketing plan that is the soul of marketing. Therefore, this report will first indicate the definition of strategic marketing plans. Then it will look at how important the strategic marketing plan is and the role that it plays in a firm or in a strategic business unit (SBU). After this, it will examine the process to make a strategic marketing plan that starts with mission statement. Finally, there will be an analysis of how to control the plan and implement it.