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Effect of social media on branding
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Every type of organisation communicate with various stakeholders for different purposes i.e. to communicate a new ethical pledge or to communicate a sales promotion to its target audience which is done through the notion of marketing communication. Fill, (2013) define marketing communication as “a process through which organisations and audiences engage with one another. Through an understanding of an audience’s preferred communication environments, participants seek to develop and present messages before evaluating and acting upon any responses. By conveying messages that are of significant value, participants are encouraged to offer attitudinal, emotional responses”. To increase effectiveness of marketing communications is through integrated marketing communications …show more content…
A pull strategy “…is aimed at encouraging customers to ‘pull’ products through the channel network”, (Fill, 2016). This enables tactics to influence the target audience to shop online and in-store by creating distinctive messages to persuade the consumer to engage with the brand. A profile strategy helps ensure positive associations and perceptions towards Missguided are created. This strategy is best defined as “…focuses an organisation’s communications upon the development of stakeholder relationships, corporate image and reputation” (Fill, 2016). To deliver a profile strategy, a corporate advertising and sponsorships are the pivotal tools. A push strategy is not relevant for Missguided due to the fact they do not use distributors to stock their product. Albeit, a push strategy “…involves the presentation of information to order to influence other trade channel organisations” (Fill, 2013). It is mainly concerned with influencing intermediaries to stock a manufacturer’s product. The strategy chosen will influence, the tools, messages and media used. The marketing tactics is an implementation of the
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.
Over the last decade, product marketing and ways through which communication takes place between manufacturers and consumers has changed tremendously (Belch & Belch 2004). Due to the technological revolutions and the rise of innovations such as the mobile phones and the internet, control over information has shifted apparently from the manufacturer's hands to the hands of consumers (Belch & Belch 2004). The market environment has also changed due to globalization of marketing strategies, loss of confidence in media advertising, increased reliance on targeted communication methods, and media fragmentation and so on (Belch & Belch 2004).
The increasing process of globalization, coupled with an organization seeking to satisfy the needs of consumers globally, contributes significantly in embracing technology in the marketing process. In addition the marketing strategies are inclined towards reaching not only the targeted segment, but also potential customer that can be captured based on the market forecast of the firm. Therefore, integrating various tools of communication as well as platform of reaching out to a wide range of audience has been embraced by corporate globally. Notably, effective communication is vital in the marketing process (Percy, 2008). On the other hand, reaching out to a wide range of customers or audience in the advertising process in significant important. From this perspective organization can utilize both effective communication and a contemporary platform to reach to a wide range of
Communication and the way communication is perceived are highly important in todays’ society as well as in the health care arena. Communication is the interactive process that occurs when a person (the sender) sends a message whether it is verbal or nonverbal to another person (the receiver) and receives feedback. (Kelly, 2012, p 199) It is a vital part of the health care setting and the basis of all interactions amongst staff members, patients and families. Communication is significant in maintaining a healthy interpersonal and interdisciplinary relationship with others. The article Why Health Messages Fail: Lessons from the Australian Fast-Food Industry, (Michelle Phillipov, 2014) depicts how sending the wrong communication may convey the wrong message. This is true in the food industry as well as the health care industry. Therefore, how individuals communicate with one another is just as important as the communication process itself.
As one can see, communication is about more than just exchanging information. It 's about discerning the emotion and intention behind the information. (Segal, Robinson, & Smith, 2016). Effective communication is also a two-way street. It’s not only how one convey a message so that it is received and understood by someone in exactly the way one intended, but it’s also how one listen to gain the full meaning of what’s being said and to make the other person feel heard and understood (Segal, Robinson, & Smith, 2016). Effective communication also serves as an instrument for any professional; this also helps to build adaptive, good working relationships between you and your staff/co-workers, which can in turn improve morale and efficiency (Queensland Government, 2016). In the business world to be considered a true professional, one must be able to clearly explain company policies to customers and clients and answer their questions about your products or services (Queensland Government, 2016). There are some profitable businesses that
This strategy is very much about the business which is carried out as usual. In this strategy the marketer is focusing on both the product and the market opportunity.
Studies and analyses regarding variations between companies performing higher or lower regarding their marketing practices has helped out to assure that a central textbook marketing strategy principle; which is to achieve success regarding that in the long term the products and services of a firm have to be well ‘positioned’ in the market. This paper aims to highlight the common formulations or ‘anatomies’ for strategies and the isolation of some of the most important inclusions that were thought to be really important in achieving success. Just to bring some “flesh on the bones”, this article examines the method through which theory is translated into practice.
By definition, strategic marketing is a firm’s ability to concentrate a limited amount of resource on an opportunity that has deemed to have the highest potential to increase sales, thereby creating a sustainable competitive edge over rivals (Brooksbank & Taylor 2007). Fundamentally, each aspect of marketing has the potential to improve or affect the performance of other marketing facets. Hence, creating a proper coordination of a firm’s activities makes it possible to eliminate unnecessary activities that interfere with efficient profit maximization processes. Strategic marketing explores ways that each of the marketing processes will reinforce each other for the best output. More importantly, strategic marketing makes each department to work
The purpose of this section of this report is to define the marketing concept; to explain what it means to be a market-orientated organisation; and to show that Tesco’s appear to be a successful, market-orientated company. Furthermore, that Tesco’s employ strategic relationship marketing to offer value to customers’; and achieve higher revenues and brand loyalty in return. Finally, to explain that being market oriented may also have some disadvantages if not carried out effectively.
Communication is a vital elemental that has played an important role in the survival and evolution of species, most importantly homo sapiens. Communication is the way by which one conveys a message. Early human primates most likely began to communicate by the use of body language and grunts; eventually leading to the formations of language. Scientists do not know when language arose but many hypotheses and theories have speculated on its origin. In the following experiments, we will explore the problems and advantages that arise when essential factors of communication and language are excluded.
When studying communications one will realize that different companies or organizations communicate internally and externally with their different target audiences. Therefore, we are exposed to different kinds of corporate publications. These can be internal and/or external publications. Corporate publications intend to communicate or rather aim to convey certain messages to different messages to different target audiences. For example, internal publications are publications aimed for employees and stakeholders, whereas external publications are aimed to communicate with customers. Various companies consist of the company’s profile, corporate image, the business activities, recent marketing and advertising campaigns of the company, the social media and digital strategy and presence and online presence of the company.
Communication in business means for someone to be open about thoughts or ideas to contribute to the overall success. Thinking of what the overall mission or objective is within the company helps to understand what to communicate and when to communicate to others. Communication that is maintained with others with enable one to work closely with other team members to give clear feedback and work towards goals that are intended. Being able to work productively as a team helps with productivity. It gives success to a project or the quality of work that is produced. Teams can withstand a lot of defects or problems more efficiently than if it was one person. Team work involves setting clear goals for everyone. Making sure that everyone knows what
There are many methods in which businesses can use to communicate their messages to their stakeholders.
As it was mentioned before, an understanding of what customers need and want is the main aspect in marketing. This understanding comes with communication process between people. Firstly, it has to be mentioned what communication means. In general, communication is a means of connecting people or places. In business, it is a key function of management. An organization cannot operate without communication between levels, departments and
The main topic for this Extended Essay is to analyze the effectiveness of company’s market strategy. A marketing strategy can be defined as a process that helps a business to optimize the opportunities in order to complete business objectives, which mainly gain profits. It includes all basic and long-term field activities of marketing that deal with the analyzing of initial strategy, evaluation of the strategy, and making of a new strategy if the initial strategy is found to be ineffective or even might cause loss. (Homburg, Kuester and Krohmer 2009) To make sure the effectiveness of marketing strategy, its crucial to establish the right marketing mix which cover all the element needed in marketing a product. (Clark, et al. 2009)