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The influence of advertising on consumers
Literature review on marketing mix in marketing strategy
Literature review on marketing mix in marketing strategy
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Recommended: The influence of advertising on consumers
As a consultant, I would apply major marketing strategies that would fit the new consumer segments and also serve the old consumers just the same. Both short and long term marketing strategies are equally needed for urgent and future decisions.
Consumer behavior is also a factor to be considered, because factors affecting consumer behavior will make clients not to buy, for one reason or another. To get the target market or rather to increase the target market, one has to create and deliver content that attracts and contains customers. As is in the case of our products in John Deere Company, necessary strategies have to be implemented to retain the new target market. Marketing strategies capable of luring people especially the old retiring
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Regulars also feel secure when they are sure that the businesses they purchase products from are law abiding, are licensed and registered, and that they operate for the welfare of the surrounding community. Buyers get discouraged when businesses do not bother to get involved with the immediate environmental projects and do not associate with the local people to grow and create developments in the region. Patrons also note bad behaviors from business members of staff and the managerial group as a whole. They also note unethical behavior (de Mooij, M. (Ed.). (2010), like intentional pollution, unnecessary noisemaking through industrial activities, and reckless disposal of waste products. These non ethical behaviors may make a business lose its immediate clients, and this may also result to the loss of the potential user too, because of the bad image created by the immediate buyer. Factors like advertising help to create awareness to the clients, as is in the case of our model, “nothing runs like a Deere!” and helps businesses to spread information about a particular product to different …show more content…
Playing with marketing mix to promote a company’s product has been identified so far to be the most effective way to obtain target markets. Price factors (Belz, F. M., & Peattie, K. (2009). are very important to consumers, as majority of consumers go for the fair priced goods, but of good quality. Position of the business in the market place also matters a lot, as most people have the belief that big businesses have less chance of selling low quality goods or engaging in cases of fraud, not to mention being unlicensed. People also tend to have trust in large organizations for they believe that large organizations have most products available, and good-quality products for that matter. Promotion’s impact on a buyer is also crucial, as it keeps reminding the nation of your existence in the dealing industry, and keeps ensuring your clientele that the company is still standing strong, and for the regulars to continue buying and investing in the company. In conclusion, to get the target market in John Deere Company and to sell all the intended products, I would need to employ all the necessary forces so as to achieve this, starting from consumer awareness, all the way to applying marketing
In today’s market, there is I a drive for people to be a more conscientious consumer, this means that they think about their personal health and the effect of global health before they buy. (Solomon.2017) Due to the fact, that people are thinking more about the environment and effects products have on the world, marketers have found themselves taking a different approach to reach their target audience. A new way of marketing is called Green Marketing, this type of marketing involves the development and implementation of environmentally friendly products. (Solomon.2017) This method is especially stressed to the customer that is buying the product. For example, in the KIA Niro, Melisa McCarthy is showing traveling around the world to do her best to save
Kotler, P., Keller, K.L. (2012). Marketing Management (14th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
Once the target market has been identified it is important to develop a marketing strategy. In today's fast paced, information overloaded society; conveying a message about a product seems to be more difficult than ever. The consumer is bombarded with advertising everywhere they look. Today advertising not only exists on television, radio, magazines, and newspapers, it can be found on billboards, park benches, in our mailboxes, on buses, taxis, at sporting events, and on clothing.
A marketer doesn’t just have a plan. Marketers now open up to a wider strategic plan and it’s based on steps that balance out what the market is offering consumers. These marketers must analyze their production with these steps, then make a portfolio of the growth and even their down falls therefore this keeps these marketers to continuously innovate and create even a greater amount of value for their customers. Marketing management functions are discussed along with the marketing mix and strategy.
To help further explain these misleading claims, a well recognized company by the media is called Terrachoice. “The Terrachoice Environment Marketing Consulting practice converts knowledge of markets, science and marketing into winning, client-centered solutions to help sustainability leaders deliver results” (“The "six sins," 2007). Terrachoice has conducted a study of the “Environmental Claims in North American Consumer Markets” and found shocking results that made them want to give warning to potential consumers about the ‘six sins of greenwashing. The Terrachoice Company was designed to improve the communication between the purchasers and consumers, helping to enhance, strengthen, and prove market relationship.
Belz, F., & Peattie, K 2012, Sustainability marketing: a global perspective (2nd ed.). Hoboken, N.J.: Wiley.
First, we will analyze the targeted customer and the proposition designed by each company to attract them. In this part, there is a description of each market target and how each company has taken advantage of each unique position in the industry.
Marketing involves activities to find right people for the business and then gaining their attention and retaining them for life. There are many theories marketers employed to stand their business out of crowd or at least make it visible. To make any business efficiency and effective, it is important to seek the target customer market. There are primarily three main areas to consider while identifying the target market. Those are as follows;
Once a business has successfully completed segmentation based on the market into various groups the targets will be chosen. As we all know no one unique strategy will be able to appeal to all consumer segments therefore being able to come up with different strategies for specific targets are a vital aspect of marketing.
However, companies would face difficulties in persuading customers to buy their products. Author Peattie (2001) indicates that most consumers who intend buying green products carry two main questions: “Is there actual environmental benefits?” and “Do I have to compromise?” (p.192). Since many companies are doing “green-washing” (overstating what they are really doing), many consumers feel reluctant to buy any green product for higher price. To resolve these problems, ethical companies should provide their customers more information about how the products are created and their beneficial features. Obtaining green certifications may be another firms can use to consolidate consumers’ confidence in buying their brands.
The characteristics of a market are always evolving, so it can be vital to the success of a company to alter their targeting strategy to meet the changes within the market. According to Lewison & Hawes (2007), “A target marketing approach requires a focus on one or more selected market segments and the development of separate marketing programs for each segment” (p.16). The reasons for alteration in the targeting strategy can include low sales, changing demographics, new competitors, and changes in market research. These variables will have an effect on the targeting strategy deployed by any company, so it is important for a company to change
An essential element of developing a marketing strategy and marketing plan is an understanding of customer needs and wants (including what customers want regarding environmentally friendly products) and the marketing environment. In order to fully understand the marketing environment, organizations must analyse, the immediate environment and the macroenvironment (encompassing, amongst other aspects, changing social, cultural and legal trends).
When a business aims to be as successful as possible in selling its products and services, it must examine in detail whether or not the products will be attractive and necessary; if the price is optimal; if the product is being distributed in the best locations; and finally, how interest and awareness can be created for the products. In order for a business to target all of these elements at the right people at the right time, it must employ the right type of marketing mix: Product, Price, Place and Promotion.
...e, L. (2012). Sustainable marketing and social media. Journal of Advertising , 41 (4), 69-84.
When analyzing an organization’s target market, the first step is to understand the business and what they hope to achieve through their marketing strategies. Targeting and positioning strategies consist of analyzing and identifying segments within a given product-market, choosing which segment or segments to target, and developing and implementing a positioning strategy for each targeted segment (Cravens & Piercy, 2009). The company’s target market determines what customer group or groups the company wants to serve (Cravens & Piercy, 2009). Analyzing IKEA’s target market allows the company to determine if their marketing strategies have successfully targeted their intended customer group or groups. Discussing the company’s positioning strategy helps determine if the strategy is effective or if the company must make improvements strengthen their positioning strategy. The company must determine if their targeting and positioning strategies may be lacking. If the company’s targeting and positioning strategies are lacking, the company must determine what they must do to strengthen their targeting and positioning strategies.