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Marketing Strategy
Introduction
The following few pages which follow help to show overall how and
which types of strategies on various things based on Marketing
strategies can help Cadburys in launching there new product. Marketing
strategy is a plan of action which is used by many businesses around
the world, which helps the business meet its aims and objectives, it
can also assist a business when launching a new product as it helps to
identify which different strategies would be best to use. Marketing
strategies can be split into two main categories which are:
· Short-Term
· Long-Term
Short-term strategies help a business to focus mainly on the four P’s,
product, price, place and promotion which are vital to all businesses,
as these four features are the main things which help a business to
achieve objectives if they are used correctly. On the other we have
long-term strategies which are used to plan the future actions of a
business, this can include producing tables such as a ansoff matrix
which helps a business to decide on many things such as, whether to
launch a new product or to improve previous products, overall making
the right decisions on which type of strategy to use is vital,
especially in the case of Cadburys as it helps to decide how to launch
a new cereal bar, to ensure that they reach maximum sales. Throughout
the next few pages I will discuss possible short-term and long-term
strategies which Cadburys could use, indicating which type of strategy
in each case would be the most useful to help them achieve success
with there new product.
Ansoff Matrix
Introduction
A ansoff matrix can be used to identify and show various types of
growth strategies, many firm’s such as Cadburys could benefit from the
use of a ansoff matrix as it helps to focus on the firm’s present and
possible products as well as the markets. The main thing a ansoff
matrix helps to identify is possible ways for a business to grow; this
can include improving previous products or producing new products.
The following table shows the different choices of growth available to
many firms such as Cadburys:
Existing Products
New products
Existing
Markets
Market Penetration
Product Development
New
Markets
Market Development
Diversification
Market Penetration – This is when a firm tries to achieve growth using
existing products in there current market segment, to try and increase
its market share.
Product Development – This is when a firm targets a new product at
there current market segment.
Market Development – This is when a firm seeks growth by targeting
there existing products at a new market.
Diversification – This is when a firm tries to diversify into new
businesses by producing new products to aim at a new market.
In Melody Peterson’s “Our Daily Meds” , the history of marketing and advertising in the pharmaceutical industry is explored. The first chapter of the book, entitled “Creating disease”, focuses on how major pharmaceutical companies successfully create new ailments that members of the public believe exist. According to Peterson, the success that these drug manufacturers have experienced can be attributed to the malleability of disease, the use of influencial people to promote new drugs, the marketing behind pills, and the use of media outlets.
First, when viewing DTC prescription drug ads, the public cannot understand the wording used to describe the drugs. Because of this, the producers of these ads are able to manipulate the drug’s effects to sway people into buying them. According to the article, 74% of surveyed doctors believe that the benefits expressed in prescription drug ads are embellished (paragraph 5). This inaccurate information causes patients to be misinformed as to the effects of the drug. Opposingly, 48% of doctors state that these ads inform and educate patients about DTC prescription drugs (paragraph 6). The percentages
In order to review the historical health of the firm I will calculate different ratios and gross margins and would try to see the trend. I will use Gordon Growth Model to find out the sustainable growth rate for the firm using historical data and then would compare it with its actual growth rate.
My research to date significantly influenced how I selected and organized my images. I plan to research more examples of religious works of art that depict each religious standpoint on the Dome of the Rock. I was pleasantly surprised that there were more of these types of images than I was expecting. Because it seems that my use of images will be a main component in my research, I will most likely include some sort of image reference section in my final paper.
Sainsbury’s (2014) states they put their “customers at the heart of everything we do and have invested in our stores, our colleagues and our channels to deliver the best possible shopping experience. Our strong culture and values are part of our identity and integral to our success.” Sainsbury’s brand is established upon providing quality at fair prices, the importance of fresh, healthy, safe and tasty food is put very high at Sainsbury’s. Sainsbury’s also offer a range of up to 30,000 products such as household products, food, grocery, and even its own products.
We live in a world where being medicated has become a societal norm. Modern health care practices have set the stage for the proliferation of direct-to-consumer advertising (DTCA) of prescription drugs by pharmaceutical manufacturers. Some of these practices include the emergence of managed care organizations (MCOs), the legalization of DTCA of prescription drugs, the emergence of the Internet as an alternative promotional channel, the increased desire by patients to become more involved in their own health care decisions, the disillusionment with traditional medicine, and the rise of ‘alternative’ medicine, to name a few. There is an ongoing debate as to the ultimate harm or benefit of this relatively recent practice of pharmaceutical manufacturers to direct their promotional efforts away from the physician and towards the consumer.
In order to provide a structure upon which a comprehensive marketing plan can be build, Sainsbury's should adopt a SOSTAC model in order to help the development of a logical structure combined with the key elements of a plan.
On the Ansoff matrix below is shown what growth strategies for new and existing products and markets can be used from the company.
There are so many marketing techniques that companies use in today’s world. There are also many competitions that companies face because of the advancement of marketing and different kind of brands. Old spice does a great job advertising and campaigning by using classical conditioning. Old Spice is an American brand that males use for grooming, they do a great job marketing the product and presenting them to consumers. Classical conditioning is when theorists teach either animal or human certain behaviors passively through repetition. After the theorist teach the animals, the theorist measure and see what the response. One of the most important thing about classical conditioning is to see something repetitively, and learning how to behave. Old Spice uses classical conditioning to influence consumers’ attitude because it shows the commercials repetitively. Classical conditioning also involves unconditioned stimulus, conditioned stimulus, conditioned and unconditioned response. Old spice’s commercials have everything included. Response campaign was a huge success because it involved everyone; it included mass media such as TV, print and digital ads.
Pepsi Cola Marketing Strategy PEPSI COLA For Pepsi Cola Ltd, marketing opportunity analysis is a continual and ongoing process. Pepsi have used the new product strategy to realise their ambitions to both defend their current market position, and reinstate their position as a product innovator. Pepsi wishes to create a clear cola that is 100% natural, low in sodium, caffeine-free, and still maintains the flavour of its original cola. They will call it Pepsi Au Naturel.
In a competitive environment where market is changing instantly, organizations are in a fix to design a strategy that could market their products enticing the consumers to buy their products and services. Market is the arena for business gladiators who fight out for maximum share and profitability and this is possible only through effective marketing strategy. Competing in present economy means finding ways to break out of commodity status to meet customers’ needs better than competing firms (Ferrell and Hartline, 2010). The intensity of competition has increased after the introduction of media and internet where the companies present their product in the best way through advertisements, product reviews, blog entries, etc. With the advancement in technological innovations, companies have found various ways of providing services to the consumers in a cheaper and effective way and this has resulted in communication revolution in late 1990’s as the cellular technology was unfold in most of the regions. Singtel Optus Pty Limited (Optus) is one such company that has evolved during this period as a leader in integrated communications and this paper is assumed to make an analysis of the company’s marketing strategy and its financial position in the market industry.
Marketing is a vital component in the success of businesses. Smaller businesses rely on business advertising, expenses, knowing if the business is networking with the right people, or joining the best organisations which lead to success (EStartup business blog, 2010). Marketing concentrates on customers and what the customers want. Customers are the source of sales and profits. Many small businesses are faced with remarkable hardships due to not developing the right marketing plan (EStartup business blog, 2010). To help these businesses a more appropriate or better marketing plan needs to be designed. Small business internet marketing services can help businesses develop and thrive in a highly competitive market. For the highest quality internet marketing services, hiring an online marketing company to design a customized internet marketing campaign may be advantageous for some businesses (EStartup business blog and contributors, 2010). Identified will be the role that marketing plays in a successful business demonstrated by use of two examples, the importance of developing a marketing plan, and ethical and legal issues that surround marketing practices (EStartup business blog, 2010).
Whereas, the Sexual Education program promotes safe sex and knowledge of the sex and it’s consequences. The motto would be, “Knowledge is Power.” As a result of this program has decreased the rate of unplanned pregnancy and sexual disease outbreak. This is why it is argued that Sexual Education should be taught in the public school system.
Marketing is a core pillar of an organization and contribute significantly in its prosperity through attaining the laid down targets as well as scope of development. The position of an organization is hugely based on its competitiveness and capacity to capture a significant portion of the market in relation to the prevailing needs of consumers. Interaction of the organization with the consumers and the potential consumer in the market arena is attained through the marketing wing of the organization (Ferrell& Hartline, 2012). The preferences of the consumer and avenues of satisfaction are aligned to the established marketing frameworks. However, the success of organization marketing is highly inclined to the marketing strategies formulated and adapted towards coping with competition and eventually enhancing firm competitiveness.
Marketing Strategies of an Ice Cream Firm Introduction As the Marketing Manager of this ice cream firm, CALMOR, I have. written this report detailing the marketing strategy for the launching. and selling of a new ice cream containing liqueur, as the ice cream liqueur should contain at least 6% alcohol, there are restrictions as. where it can be sold. With a budget of £5 million, I have also. detailed where this budget is to be allocated.