Therefore, companies employ various strategies to advertise and sell their products or services. Companies try to promote and sell their products to customers that they have identified in a target market. They implement marketing strategies to help accomplish the goal of profitable sales. Hence, marketing strategies are vital to the success of the company and the marketing strategy that a successful company employs will seek to overcome shortcomings and increase the company’s revenue. Lane Bryant is one such retail store that has developed marketing strategies that has made them one the most profitable retail stores for women who are larger in size.
In order to promote their product and create a relationship with their consumers coca cola launched a campaign by applying consumers names to their coca cola bottles , this was very effective the reason this being is because , it allowed the consumers to feel welcomed and also created a huge relationship between both the brand and the consumer. Coca cola launched this campaign all over
This would be a strategic marketing decision as the research they did helped them to make a decision to bring a popular product to the UK. They looked at their recent success with Coca-Cola Vanilla after its success in the US and also the demand for the product after pulling from the UK product range. So they decide that re-launching a product that was popular before in the UK would benefit them, more than a new flavour, such as Coca-Cola Bubble-gum. So with Coca-Cola, re-launching Coca-Cola Vanilla they would have to launch packaging that would show off the Vanilla flavour but also have the trade mark Coca-Cola logo, so it would be able to expand the Coca-Cola range. To see if they had made the right packaging they would use primary and qualitative research methods such as focus groups, which they carried out to see what consumer would see as their preferred design.
This method of service offered by DDB as it consists of them matching demographics of a product with demographics of a medium. However as mentioned before it will involve different types of media such as; TV, radio, magazines etc. Media buying has been achieved by DDB as they provided posters, advertisement on the TV as they have to pay a free in order for the product to be shown of the different types of media. As DDB would have to design product to meet the needs of the customers as they would have to compete against other agencies that Marmite is ‘Loved’ more than its competitor, which is Vegemite. Posters around and within supermarkets would increase awareness to customers about the campaign.
I feel Apex would be best served by launching Compound B-227, the beta-prednigones, since it already has market domination in plastic oxidizers with its stigone market dominance. Although Apex has the desire to be an innovative company they should look at the introduction of betas as an innovative way to sell plastic oxidizers. Apex can now produce both types of products to customers in the plastic oxidizers market. Since Apex already has a good customer following in the oxidizer market for quality stigones they would be wise to optimize this reputation with the introduction of betas. Apex should look at the recent ten percent stigone profit loss and re-align their market to fit the stable and growing $40 million oxidizers market, a market they currently have a high dominance in.
A competitive marketing intelligence analysis is necessary because much can be learned from the competition’s successes and failures. This type of analysis is not, however, limited to the just the competition. The text, Marketing, defines competitive marketing analysis as the systematic collection and analysis of publicly available information about consumers, competitors, and developments in the marketing environment (Kerin, Hartley, & Rudelius, 2011). When collecting data and in order to make reasonable decisions, it is important to predetermine many
A former IOC President, Juan Antonio Samaranch, pushed for softball’s addition to the program for the Atlanta Games at a 1991 IOC meeting in Birmingham, England, in a move to increase gender equity in Olympic participation. When the Atlanta local organizing committee agreed to the shorter than normal timeline on this new sport, 120 women athletes were added to the Games. Samaranch was the driving force of making it happen. Softball has had a long but interesting journey. I am really glad it has been excepted.
240). Using this strategy of promotion could cause more exposure for KFF and help them become more globalized. If the company carries and sells the products the right way, the consumers will think “this company means business, let’s show our appreciation”. To make any company grow individuals need to promote it in the right way because promoting a company the wrong way could cost the business
Remember that promotion can cover a number of objectives from raising awareness, to increasing sales, profit etc. Describe its brand image and how this image is supported through the promotional campaign. (P2) Complete as part of your report 1 Task 5 P3 – Explain the role of advertising agencies and the media in the development of a successful promotional campaign. You must consider a) For your selected commercial organisation, find out which advertising agencies and what types of media have been used in a promotional campaign that has proved successful for the organisation. b) Explain the services offered by the advertising agency/agencies and how the organisation and agency/agencies work together in the development of a successful promotional campaign.
With a new product launch Nike will have to focus on creating a first-class consumer experience along with creative product innovation, brand leadership, and maintain superior retail existence. Nike will have to target additional geographic expansion and farther marketing saturation in all regions. The idea is to capitalize on the strengths of the Nike brand and the weaknesses of other sport drink market leaders. Target Market It seems as if our product target the same market as Gatorade and Powerade. Zmuda (2010) addressed certain issues that are more based on image than anything, whereas now the focus has shifted to educating consumers about any changes to