Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The role of promotion in marketing
The role of promotion in marketing
Promotional strategies literature reviews
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: The role of promotion in marketing
Chapter 1 :
Discuss the four marketing?
It is known as “marketing mix” those variable mix together to create a result to achieve the market goal
Product: goods or services. when we develop a product there are things to take into consideration such as : quality, features, packaging ,delivering ,design
And for services, customer service before and after the service .
Place: it includes distribution and logistic, location for the store, how to get the product delivered to the customer . also the distributors s and the supplier you we will deal with them .
Price: the amount of money the customer is able to pay to get the product or the service. When we set a price there are information take into consideration such as : the value of the product, pricing setting discounting, are the costumer going to pay in cash or credit
Promotion: action is taken to attract the customer such as : contacting the costumers and informing of the benefit and values of product and services . so it is attracting the general costumers to make them be your actual costumers by many methods for example :
Advertising, direct marketing, personal selling and sales promotion.
Chapter 2:
Discuss the four marketing management functions.
1) Marketing Planning
The company first develops company-wide strategic plans and then translates them into marketing and other plans for each division, product, and brand. Through implementation
2) Marketing Implementation he company turns the plans into action
3) Marketing Control consists of measuring and evaluating the results of marketing activities and taking corrective action where needed.
4) Marketing Analysis provides information and evaluation needed for all the other marketing activities.
Chapter 3:
D...
... middle of paper ...
...on the marketing organization
Chapter 20 :
1. What is sustainable marketing? Explain how the sustainable marketing concept differs from the marketing concept and the societal marketing concept. the implementation of sustainable business performs to generate improved businesses, improved relationships and a improved world.
Providing eco friendly and green promotion of products and services that are environmentally safe
The different between sustainable market and traditional market is it cost more to do the right things it is hard to get the agreement because of the cost. For example, energy and solar power companies and chemicals companies, some time even sciences and Politian on don’t agree with go green.
On the other hand, societal marketing means that company would make marketing choices by seeing customer’s needs and their society and the firm obligation.
Price - Price of the product is set for the customer to purchase the product. It also determines profit.
The societal marketing orientation extends the marketing concept by acknowledging that some products that customers want may not really be in their best interests or in the best interests of society as a whole. (Lamb, 2014). The products are less toxic, more durable, contain recycled or reusable materials. This is much better than the production orientation which only focuses on the business and not what is best for society.
In marketing there is a mix which consists of types and amounts of controllable variable that a company will use over time. (Wensveen, 2011) The four variables are known as the “Four P’s”, these variables are:
Sustainable marketing is an approach to marketing that preferably aligns internal organizational methods and classified resources that form significance for stakeholders (proprietors, shareholders, workers, value chain partners) and through which the external natural and social environments are developed by the activities of the firm. This approach is used most successfully by organizations that have evidently stated values and goals for their desired effect on their own economic feasibility, as well as on the natural and social environments they work within. The term sustainable development means special things to special groups. But, in essence, it is concerned with meeting the needs of the public at present without compromising the aptitude of future generations to meet their own desires. (World Business Council for Sustainable Development 2005)
Promotion is advertising to potential customers in and effort to create an awareness of your business. It is reasonable to believe that without the ability to advertise a company would have a difficult time generating new customers.
Social marketing is in the growth phase of its product life cycle. It came into prominence with the family planning promotions of the 1960s. It was mentioned in the works of Kotler and Levy (1969) and Kotler and Zaltman (1971). It gained acceptance over the years and currently, it is taught at many business schools and conferences and seminars regarding the same are regularly held the world over. It has become a major vehicle in the process of promoting various health and safety issues that affect society such as smoking in public, immunization of children, wearing of seat belts and driving under the speed limit, AIDS awareness programs, education of the girl child, etc.
Sustainability means “meeting the needs of the present without compromising the ability of future generations to meet their needs” (Heizer & Render, 2014). Sustainability is more than just going green; it also focuses on customers, reputations, employees, and many more important factors. After searching the Internet for a company that claims to use sustainable business practices I found the company Wal-Mart. Even though Wal-Mart has a long way to go, the company does consider the importance of their decisions. The company does focus on energy, waste, their products, and responsible sourcing.
In order for my product to be successful, I strategize a marketing plan. Market Research is one of the main steps taken in the initial process of strategizing a marketing plan, The primary function of market research is to identify the customers needs and views. During the market research of my product, I discovered that because of the competition, (Herbal Essence Shampoo brand) my product would really need to stand out on the market. Also, during that research I discovered that Herbal Essence?s sales had dropped 6% over the last 2 years, because of their marked up prices. These were great pieces of information, as they will serve helpful during the marketing mix portion of my marketing strategy. The marketing mix is one of the first steps taken in applying an overall marketing strategy for your product. A Marketing Mix is the combination of product offerings used to reach a target market for the organization. (Armstrong & Kotler 2007) The marketing mix includes product, price, promotion and place (also known as distribution)
Marketing is a process of determining a consumer’s needs, devising a product or service to satisfy those needs, and trying to focus customers on the goods and services you are offering. Marketing is extremely important, and a fundamental building block for business growth. A marketing team is given the task of creating customer awareness through a variety of different marketing techniques. If a business does not pay close attention to their consumer demographic and needs, they will eventually fail over time. Two important aspects of marketing include acquiring new customers, and the preservation and growth of relationships with current customers. Marketing has always been viewed as a creative outlet, which encompassed advertising, distribution, and the selling of goods and services. Marketing staff will also try to anticipate what customers will want in the future, often being accomplished with market research. In summation, a good marketing plan should be able to create a favorable proposition or series of benefits that a customer can value through goods or services. The marketing mix is normally described as the strategic positioning of a product or service in the marketplace, using the specification of the four Ps. During the early 1960’s, Professor E. Jerome McCarthy of Harvard Business School stated that a marketing mix contains four elements. The four key points are product, pricing, promotion, and placement. It is recognized that all these aspects must be present to ensure a successful business model within a given industry. We will now take a thorough look at the four marketing mix points.
Holistic marketing also incorporates social responsibility marketing and understanding broader concerns and the ethical, environmental, legal, and social context of marketing activities and programs. The business will tend to adopt ethical behavior in its marketing strategy and will ensure that proper and true information will be provided to the concerned parties(Homburg, Stierl & Bornemann 2013).
...s is achieved through social groups. Marketers focus upon group influence and social needs in their marketing activity to develop a stronger brand image which carers to the needs of the consumers.
Societal marketing concept; this type of concept holds the idea that an organization must be able to determine the needs, wants, and desires of target markets and to deliver the desired satisfactions more efficiently and effectively than the competitors. In addition, the above must be done in a way that preserves or enhances consumer’s and society’s well being. The societal marketing concept helps the marketing concept to deal with conflicts among consumer wants, consumer interests, and long-run societal
“In 1960, McCarthy expanded what Neil Borden had previously coined the Marketing Mix [1] (now often associated with the "4 Ps") as 4 controllable variables the company puts together to satisfy a target market: product, price, place and promotion.[2]”
Too often, a marketing function is misunderstood, because many people do not understand what is meant by ‘Marketing’.
Marketing can be looked at as an organizational function and a set of processes for creating, delivering and communicating value to customers, and customer relationship management that also benefits the organization. Marketing is the science of choosing target markets through market analysis and market segmentation, as well as understanding consumer behaviour and providing superior customer value. From a societal point of view, marketing is the link between a society's material requirements and its economic pattems of response. Marketing satisfies these needs and wants through exchange