MARKETING MANAGEMENT – ASSIGNMENT 1
Introduction
Prada operates throughout the world and it’s headquarter is in Milan, Italy. In 1913, Mario Prada founded the company. Currently, this company is operating with over 250 outlets throughout the world with Prada Mario and his brother started business with a leather goods shop in 1913 in Milan, Italy. The shop initially sold leather products only. Mario Prada was against the role of women in business; hence, the female members of the family were not entered in the company. Mario’s son showed no interest in his father’s business, so his daughter, Luisa Prada took charge of the company. She served the company for almost twenty years. In 1970, Luisa’s daughter joined and she took over for her
…show more content…
SWOT Analysis (Prada):
STRENGTHS:
• Loyal audience
• Multi brands stores all over the world
• Successful alliances with LG and Toyota
• Brand well-know, recognizable advertising company
• Unique heritage under Miuccia Prada WEAKNESS:
• Corporate debt (difficult for funding)
• 57% of sales – leather goods
• Weak e-commerce participation
• Unfriendly policy to environment
• Emerging markets of the world has limited brand awareness
• Masses cannot afford the products of this company.
OPPORTUNITIES:
• Global markets growth – Asia especially China
• Outsourcing production
• Product alliances with new partners
• Franchises
• Digital market
• Capture the younger generation consumers THREATS:
• Transparency of internet lead to price consistency
• Falsifications
• Existing competitors and rising fashionable catwalk copycat
• European crisis
• Government’s regulation
• Lose of creativity
Strengths
Strength of Prada is their brand name. Due to this reason, it enables Prada to charge the price higher customers have higher demand and place higher value in Prada. Many people also prefer to choose Prada as their preferred brand even though there are many other brands in the market because many customers are loyal to Prada. Once can make Prada to stand out is its reputation, durability, scalability, and reliability. Besides, due to its uniqueness, other brands are hard to compete with Prada because customers cannot
I recently experienced working with a family case manager that would continuously engage in one-way communication with me and the rest of the team working on a particular case. The client had several mental health issues that were not being addressed which caused her to be an extremely difficult client to work with, especially in the beginning. It was not unusual for her to verbally abuse individuals on the team including the family case manager. A large part of these behaviors stemmed from the client’s lack of ability to accept accountability as her children were removed because of domestic violence. As I worked with the client after approximately four months I was able to build rapport with her that others were not able to. I conducted her
1. Strategies: A business strategy is the means by which it sets out to achieve
Much of the information from this paper was constructed around the African survey conducted by McKinsey & Company, the number one consulting firm in the world.
The Costco Wholesale Corporation is one of the leading wholesalers in the world; it operates a chain of membership warehouses globally. The company offers products quality, brand name merchandise at lower prices than are normally found at conventional wholesale or retail sources. The warehouses are designed for small businesses and individual uses.
Over the course of my research paper I will be examining the different aspects of postpartum depression and how it affects their child’s developmental stages. This paper will explain how maternal depression could do harm to a child and if there are treatments available. In my paper I will explain the methods I will be using, information I found in my research, developmental theories, and my opinion on this subject and a conclusion to finish up this paper. In the first section of my paper I will explain what methods I have used to gather my information next I will conclude my research findings this section will include definitions, the stages, how it affects developmental and treatments available, moving on with my paper I
3. Eddy's Ice Cream developed a line of whole fruit sorbets targeted at people who are loyal Eddy's consumers, but dislike all the fat and calories in
As I reflect back over these last five weeks I now have a clearer view of marketing and how it affects not just the consumers of the world and the companies with their marketing managers, but how it affects me. Yes, I am a consumer who clips coupons, budgets my finances, and looks for sale items and this marketing class has taught me that marketing is more than selling or advertising. Marketing managers have a difficult job, as marketing involves identifying, meeting and satisfying the needs of customers or clients with goods and or services. Coming up with different strategies and marketing mixes is challenging because we live in a changing world with people who needs and financial situations are different. Yet still marketing engulfs every part of our daily lives. From what type of breakfast we eat, to where we shop, and even in our work environment. As I examine marketing, I will blend aspect to my career path as I make myself marketable for the future and aid my employer in the growth and survival in the economy.
Growing up every child was told that they had inherent rights, but they didn’t comprehend the concept completely until they grew up and were face to face with it. The Declaration of Independence clearly states that every person is endowed with unalienable rights which include life, liberty, and the pursuit of happiness. If every person is allowed these rights then it is in anyone’s right to do what they please in order to achieve happiness. Many people believe that the government is standing in the way of their pursuit of happiness. Every person has something different that gives them happiness which is partially why the government and society don’t see eye to eye. The current laws against drugs and controlled substances such as marijuana
Marketing management is simply referred to as an organizational discipline basically focusing on the practical application of marketing techniques and methods used within an organization or an enterprise and on the management of a firm or an organization marketing resources and activities. There are so many definitions about marketing management but the main key word within its definition is the application tracking and review of a company’s recourses and activities.
As India delves into an accelerated economic path, creating more employment and hence a bigger
After comprehensive research into the beer market specifically focusing on the four beer brands Little Creatures, Heineken, Budweiser and Victoria Bitter, our group propose the introduction of a new product into the Little Creatures product line. Similar to Heineken, we believe Little Creatures would benefit from the introduction of a Bright Ale keg. This line extension would promote bulk buying of Little Creatures beer and expand their cultural persona by encouraging community gatherings. Which is perfectly aligned with the ethos they have built to date. The sharing of what is one of their premium beers would further attract potential customers through this social networking focal point.
Prada was founded in Milan in 1913, which offers leather bags, fragrances, eyewear, footwear, men’s and women’s clothing too. (Prada) Prada has many competitors like Gucci, Louis Vuitton, and Chanel. Prada is also trying new marketing strategies to stay in competition.
The brand NATURA, which has become synonymous with cosmetics in Brazil, was founded in 1969 by Antonio Luiz Seabra, as a laboratory and a small cosmetics store, located at Rua Oscar Freire, Sao Paulo. In it, Seabra and only seven employees sold their products, and offering beauty advice to users of the brand. The brand was launched based on the quality of its products, and also the strength of the concept of helping people to know themselves better and be happier. NATURA was moved by the passion of the cosmetic product as important self-vehicle and perception and its power of transformation in people 's
In attempt to better understand the field of marketing I read many articles by renowned scholars. However, two articles in particular caught my distinct attention. The first was by Michael Czinkota who researches international marketing issues at Georgetown University and the University at of Birmingham. International marketing has always intrigues me due to the professors that have expressed the need to become international due to globalization. Czinkota asked international executives on views of international marketing that brought up some enlightening terms to my mind. The first that spoke to me were opportunity and contentment. The article speaks about the opportunity that international marketers have to, “…unite the world with a better era of the human race as competitive cooperation supersedes the rules of total competition.” It is in the duty of international marketers to help nations with limited resources to overcome such inequalities and provide opportunities. The next was the term innovation in the sense of international marketing. This form of marketing allows for a rapid growth in innovation and thus further enhances prosperity for the people. Marketers can introduce a product to vast group of people at a rapid pace with use of international tools. Lastly was the description of fairness that is provoked through the use of international marketing in today’s world. With international marketing, the market has gained a better conscious for its products and how they
My research for this paper included various online articles in the field of business marketing. In my research using these sources, I found things that I have never known (Previously didn 't know) about marketing in the business world. In this process, I found that finding information on my topic has really gotten me more interested in my major and my topic. This research has really given me a better insight on starting my research paper.