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The importance of marketing
The importance of marketing
Nature and scope of marketing strategy
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Abstract
The marketing techniques have considerable potential for the leading fitness and weight loss platform in America. Introducing this new service will give clean radiance on the underline problem faced by the youth of America today. This article will explore the internal most dealing of our new organization by describing the new services and examining the importance of marketing for the organization successes. The SWOTT of this organization will be analysis in order to determine the best market research approached and a well develop marketing strategy and procedure to introduce this new service successfully.
As the leading fitness and weight loss platform in America, Bally Total Fitness is the largest and only nationwide commercial operator of fitness centers in the U.S., with nearly 390 facilities and 30 franchises and joint ventures located in 29 states, Mexico, Canada, Korea, China and the Caribbean (Bally's Corporate Website, 2006). One reason for Bally's dominance and success in the fitness industry is through successful marketing strategies and campaigns. For example, the company does a substantial job in assessing growth opportunities through reading into the market opportunities they have before them. The company also assesses growth with market strategy tools. For example, Bally also offers a unique platform for distribution of a wide range of Bally-branded apparel, nutritional products, fitness-related merchandise and services targeted to active, health-conscious adult consumers, as well as to market its internet-based nutrition and weight management program (Bally's Corporate Website, 2006). In addition, Bally-branded nutrition products are sold in about 7,000 select retail, grocery and drug stor...
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... from http://www.my-gym.com
My Gym Children Fitness Center (2006), Reducing Diabetic Risk in Children. Retrieved April 10, 2006, from http://www.my-gym.com
My Gym Children Fitness Center., (2006), Preventing Teenage Obesity, Retrieved April 10, 2006, from http://www.my-gym.com
Bally's Total Fitness Corporate Website, (2006), Investor relations: corporate profile, Retrieved from the World Wide Web an http://phx.corporateir.net/phoenix.zhtml?c=97646&p=irol-homeProfile&t=&id=& on April 11, 2006.
Market data Enterprises Inc., (2005), U.S. weight loss & diet control market (8th edition), Report# FS22 February 2005/307 pages, Retrieved from the World Wide Web at http://www.mkt-data-ent.com/studies.html on April 11, 2006.
Terra Wellington Website, (2005). Fitness Trends to Watch. Retrieved from the World Wide Web at http://www.terrawellington.com/Column2005
Market Analysis Summary The global sports and fitness clothing market is expected to soon reach over $125 billion dollars (PR Newswire, 2015, June 26) and individuals across the U.S. are becoming more active (Institute for Health Metric and Evaluation, 2013, Jul 10). The breadth of the overall market covers many subsets of products and consumer groups. Target segment. There are two primary segments in the market; sports apparel and fitness clothing.
As fitness professionals working with individuals with diabetes there are numerous considerations we must contemplate. For one thing we need to realize we are part of a team approach for these individuals. We need to be very cognizant that we operate within our own scope of practice, as diabetes is a disease that requires specialized approaches from physicians, dietetic experts and fitness professional for each individual’s situation. In addition to this we need to make sure before accepting the responsibility of training a diabetic client, that we have the proper diabetes education and proper certifications. The diagnosis of Diabetes is one that can shake the client to their core and stir every feeling and emotion the person could possibly experience and possibly completely overwhelm the individual. It’s vitally important that they learn to re-establish a sense of control and literally learn new survival skills. (Zrebiec) No matter if it is a parent of a child who has been recently been diagnosed or an adult who just heard the news regarding their own health, the initial situation is the same. To these people it’s going to be like taking a post-graduate course in diabetes management (Zrebiec) and exercise is going to become big part of it. However, this need for an appropriate exercise plan will bring about its own set of challenges due to the complicated nature of the disease. As individuals with diabetes they face some of the same challenges other parties face when exercise is something they know they need to do. They too face challenges of lack of time, lack of energy or will power, they may feel they lack the skills or even the resources. However, when it comes to a teen becoming more involved in exercise there may be two o...
Exercise, food, technology, and money all play a role in causing childhood obesity. Lack of exercise among adolescents has been proven to be the leading cause of childhood obesity. According to a May 2012 Institute of Medicine report, only half of America’s children and one in four teens get enough activity to meet current guidelines (Doheny and Noonman 1). The recommendations call for children to participate in at least 60 minutes of vigorous to moderate physical activity every day (Hendrick 1). “Only four percent of elementary schools, eight percent of middle schools, and two percent of high schools provide daily physical ...
...). A future research idea piggybacks on this program by encouraging an initiation of state and/or national legislation, specifically for change moving towards healthier school nutrition and additional school nutrition education. This legislation would also mandate increases in the amount of time children are allowed for physical activity in their school day as a lack of physical activity is a huge risk factor for overweight and obesity. Another thought is to designate a school health coordinator who will be responsible for maintaining and continuing the positive work that this study began. Utilizing the success of this program and others like it in this regards will lead to action on all levels of the social ecological framework. Ultimately, a multilevel examination of determinants and interventions needs to be aimed at preventing child overweight and obesity.
"Overview of Diabetes in Children and Adolescents." Ndep. National Diabetes Education Program, Feb. 2014. Web. 05 Apr. 2014. .
Childhood obesity has become a huge problem in the United States. Over twenty one percent of African American children are obese, not including the twenty percent who were just overweight. Studies show that the increase in Type II diabetes, which is caused by obesity has increased dramatically in children of African American culture. (Centers for Disease Control and Prevention) The hospital costs associated with childhood obesity were 127 million dollars from 1997-1999, increasing $92 million from 1979-1981. (Centers for Disease Control and Prevention) However, long term effects are also a concern for adolescent obesity. Overweight children have a 70 percent chance of being obese or overweight adults, which increases to 80 percen...
Since 1998, Lululemon has transformed the way people dress to workout. Through innovative products and technical athletic fabrics, a brand was created to provide clothing for workouts such as yoga, running and cycling. Lululemon opened its first store in Vancouver in 2000 with the plan to have the store be a community hub for people to learn and discuss their physical fitness and overall health goals. As Lululemon was more than a store to provide products for consumers, their goal was to influence every person who walked into the store. A basic criterion for investment is Lululemon’s mission to create components for people to live longer, healthier, fun lives. All Lululemon locations maintain strong relationships with local communities and host in-store events such as complimentary yoga classes and goal-setting workshops.
With the rise of baby boomers as a significant proportion of the dieting population, they crave new ways to manage their weight, allowing Weight Watchers to be successful within their target market. As obesity rates are increasing, the use of weight loss products and services are more acceptable than prior generation hesitations. New entrants should expect high barriers of entry and difficulty accessing distribution channels as it is extremely difficult for new product to enter an industry with sharp retaliation from established competitors such as weight management. The bargaining power of buyers is relatively high.
Instead of trying to persuade customers to buy what the LA Fitness has already produced, the marketing department has decided to produce a product for families not just individuals. The corporation has decided to do this through research. Consumer needs and wants became the firm's primary focus. This consumer-orientated marke...
Institute of Medicine. (n.d.). Retrieved Jan 10, 2011, from Childhood Obesity Prevention Actions for Local Government: www.iom.edu/Activities/Childhood/LocalObesPrevention.asp
Marketing is not just about selling and advertising products and services. In general, marketing is associated with identifying the particular wants and needs of a target market of customers, and then working to satisfy those customers better than the competition. This involves doing market research on customers, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution or place (Bethel, 2007). Understanding ways to identify the target market is crucial in developing market strategy. This paper is intended to define target marketing and examine a market analysis of Stacy's Pita Chip Company.
Black, Tamara. 2008. Exercise and Fitness in a U.S. Commercial Gym.Ann Arbor, Mich.: University Microfilms International.
Educational institutions have the potential to, first and foremost, educate and assist the young people of today with making the positive, healthful choices necessary to maintain good health. Over 4,500 students have been followed in recent research studies and these “thousands of sixth graders who participated in a school-based health program were less obese by eighth grade than a group of similar children who did not, according to a new study done for the National Institutes of Health” (Rabin). Schools need to create health programs focused on assisting all children suffering from being overweight or obese. Policies such as fitness programs, nutrition classes, and healthful meals can even impact every student by creating a strong foundation and awareness of the negative, long term effects associated with practicing unhealthy habits. Although the financial expenses would be necessary, the adaption of scho...
In our society today, the number of people that are diagnosed with diabetes is increasing. Diabetes is caused by many factors like genetics, inactivity, and obesity. With obesity on the rise in our country, so is diabetes especially in young children. With the fattening and unhealthy foods provided by fast food chains and grocery stores, children are the ones that diabetes is affecting the most, by causing them to have higher chances of being diagnosed with diabetes. According to Kim and Lee (2008), the rates of childhood obesity have tripled over the past three decades. Childhood obesity is becoming a problem for many youth in our society, with more youth being overweight and inactive increases the chances for them to be diagnosed with diabetes. The community needs to become active about this topic by having more activities open to the youth in the areas. This would include workshops and sport programs for the youth being available in the community. Hopefully, the North Carolina School Diabetes Act will educate children so that they will learn to make good quality health decision when they are younger and to give them a better chance of not being diagnosed with diabetes.
The target market will be specifically made up of males and females ranging in ages from 18- 45. This segment was selected as many people younger than this age are still having their meals selected for them whereas those who are older than this bracket are seeking a healthier and more holistic lifestyle. For secondary target markets healthier products should be provided as well as products for children