The Marketing Principles of Fruit Winder
There are 5 main principles of marketing. They are
* Understanding customer needs.
* Co-ordinating functions to achieve marketing aims.
* Adopting a marketing approach.
* Effective customer communications.
* Constraints.
UNDERSTANDING CUSTOMER NEEDS – Kellogg’s need to identify and understand the needs of both their existing customers, as well as any new potential customers. They will need to adapt their marketing approach to meet the need of these customers. If companies continually review all aspects of their products, making sure they still meet the requirements of the customers using the 4 P's, it will help to increase the number
…show more content…
There must also be well-defined lines of communication with other departments throughout the company.
As Kellogg’s is a large organisation, they have a separate marketing department. It will co-ordinate activities with the other departments of the business so that each marketing task will be met. For example, the marketing department will have to work with the Finance function to organise the funds available, and the funds needed to carry out any marketing activities. They will also need to work with the Human Resources department to provide the correct number of properly trained staff necessary to complete the different tasks required.
ADOPTING A MARKETING APPROACH - There are two main marketing approaches that businesses use; Product Oriented and Customer Oriented. The product-oriented approach focuses on the product and not the market. It does not take into consideration the views/opinions of the customers. The company may believe that their product is the best on the market, seeing no need for further changes or improvements. However, following the product-oriented approach can lead to the downfall of a company, particularly if they are functioning in a highly competitive and rapidly changing market. The customer-oriented approach involves a company being in a constant state of development;
In summary, marketing is very important for a business to achieve success. Many businesses have a difficult time in this area. With the stiff competition, businesses struggle to stand out among others. Other companies resort in unethical and unfair schemes just to win the competition. But eventually find themselves in great loss and failure. As businesses all over the world enter into a gigantic marketplace, every business owner is faced with convoluted market competition. Nevertheless, any entrepreneur can be different and become successful in this matter. In every product sold and in every service provided, patience and hard work should take precedence to ensure quality. Products and services should be marketed honestly, planning should not be done with evil
In conclusion, this essay has outlined the six key elements of the marketing process: (i) situational analysis; (ii) market research; (iii) establishing marketing objectives; (iv) identifying target markets; (v) developing marketing strategies; and (vi) implementation,
Submitted By: Sahil Bhambri (12 DCP-097) Saksham Sharma (12 DCP-098) Sandeep Bedi (12 DCP-100) Sawan Gupta (12 DCP-104) Tanuj Arora (12 DCP-117) Abhishel Bansal (12 DCP-134)
Marketing research is important for all companies. A company must research the areas they hope to expand and know if they can be successful in that area before they ever decide to open up a new store. Marketing research will inform a company what will sell and what will not sell in an area and the main focus of a company should be researching the customers in the area and knowing competitive intelligence. If a company uses great marketing research it will give them the best chance to put together a great marketing plan and be successful. Kudler Fine Foods is a company that has been around since 1998 and currently has three different stores in the San
Domestic marketing consists of four guiding principles that include Knowledge Based Promotion. This principle ensures that the product gets promoted in the marketplace where the message is directed to the appropriate audience, communicates a competitive advantage as well ensuring it will last over time.
Moreover, the price level will always compete one to another. As a result, there is a strong barrier for other companies to enter the same market. Which ultimately it will only encourage those three companies to continue their dominance of the market share of spreads.
Weakness- A major foreseeable weakness OMG Active Cereal may encounter is that the cereal could be perceived by the public as just another “nutritious cereal”. There are many kinds of nutritious conscious cereals in today’s market produced by several different companies. Each year, a few more of these cereals are created and placed on each and every grocer’s shelves. A weakness for our newly released cereal could be that breakfast-eating consumers will group OMG Active Cereal along with the average nourishing cereals before eating or becoming cognizant of our cereal’s fantastic features other than especially served for the teenagers.
The third table is to outline some of the activities we might find at each stage of the marketing process; this is brief summary of the importance of the different stages.
This document represents The i-Fusions Consultant’s Report on BRITA. The company’s current business situation is analysed and various options for action considered. The report aims to identify a clear marketing strategy for Brita in order to address the current issues facing the company the associated falling sales.
“Marketing strategies can have a broad impact on the business in terms of instilling a marketing orientation among all those in the firm: the way of thinking or philosophy of the whole organization. However, marketing strategies can alternatively be seen as dealing only with the development of competitive advantages directly associated with the marketing function such as customer loyalty and distribution channel control. In the latter case, the domain is sometimes even further restricted by sole attention to the various element of the marketing mix rather than the more general issues of customer and channel relationships. There are two key
In this paper, I have researched to find out how this grant empire has become and remain so successful. I found out that one of the reasons is because it has been able to maintain the goals and standards that its owner, Mr. Sam Walton has built it upon. Even after his death, Wal-Mart continues to expand and grow in other countries. Wal-Mart is considered one of the top ten global companies today. Mr. Walton’s main goal was to sell products at a low price so that people could live a better life. Another reason is because Wal-Mart uses certain market mix strategies such as the four P”. These strategies, price, promotion, product and place.
The Marketing Concept. This is a business philosophy that challenges the above three business orientations. Its central tenets crystallized in the 1950s. It holds that the key to achieving its organizational goals (goals of the selling company) consists of the company being more effective than competitors in creating, delivering, and communicating customer value to its selected target customers. The Marketing Concept represents the major change in today’s company orientation that provides the foundation to achieve competitive advantage. This philosophy is the foundation of consultative selling.
The 5 marketing management orientations are production concept, product concept, sales concept, marketing concept and social marketing concept.
Objective Regain blackberries 20% lost market share, and improve overall net profit vs. last year by 13%
To ensure an effective marketing campaign an Integrated Marketing Strategy must be developed to communicate the brand and work collectively with various tactics to deliver a seamless message to consumers that stand out amongst competition. The objective is to make certain all elements of the marketing communication including, public relations, advertising, online communication, direct marketing, social media, and sales promotions are a collaboration of a unified campaign to effectively promote a product, rather than each tactic working independently, and would not have a maximize effectiveness. Csikósová (2014).