A Marketing Plan to Retain Rochester’s Youth
Rochester’s 18-28 year old population has been leaving this city in mass amounts. This is common knowledge, and our plan is targeted towards the target audience in efforts to keep them here for a longer duration of time.
We feel that there are several beautiful attractions that make up the Greater Rochester Area of which this target audience is unaware. This marketing plan aims to get this market out into the suburbs and city of Rochester to see the diversity and unique options that our area provides. This will alleviate the negative stigma held by the 18-28 demographic by bringing to their attention the ample business and
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Marketing Tactics 10
10. Cost and Implementation 13
11. Measuring Success 13
12. Summary 14
13. Appendices I-IV 15-17
14. Works Cited
Current Situation
Economic:
Despite the fact that the unemployment rate is at the national average of 5.4% (as of Feb. 2005), there seems to be a negative stigma about Rochester. Upon taking a
Mr. Jeff York, President and CEO of Farm Boy, has requested the assistance of a marketing consultant to recommend Toronto-based market segments and a new target market for the company’s expansion. Analysis of has revealed evidence of the company’s bold position in the market place, despite noted weakness and threats to Farm Boy. Alternatives pertaining to specific ethnic groups, specific neighborhoods, and even halting the expansion of the company in search for more brand-specific research have been presented to the company. Ultimately, it is recommended that the Annex neighborhood most inclusively encompasses the values of the Farm Boy brand, and should be targeted for further expansion.
information to parents and other agencies. I will ensure that the children in my care
D1: Evaluate the effectiveness of the use of techniques used in marketing products in one organisation.
Over the last couple of decades, Buffalo has found itself in a grave housing crisis. The urban population is shrinking and the population in poverty is growing, leaving houses abandoned and left to fall apart. Although many cities in the Rust Belt are facing similar problems, about 15.7% of Buffalo housing was left vacant as of 2010, which places Buffalo as ninth in the nation for vacancy rate. As the masses abandon their homes, run down neighborhoods see an increase in crime and drug use, and a rapid decrease in property value (Armstrong et al. 1-2). Many see this deterioration, however, as an opportunity to renovate impoverished neighborhoods and make them more attractive to the upper and middle class. This process, known as gentrification, should increase the overall well being of residents by making neighborhoods safer,
Profit is the money that a business earns in revenue, minus investments, and the cost of salaries.
The marketing approach taken by Hudson Bay is that of segment marketing. In a culturally diverse country such as Canada, the only way to satisfy consumer needs as well as maximize profit; would be to appeal to a variety of different groups. Whether it be to different sexual orientations, cultural differences or just personal needs and interest. Hudson Bay demonstrates this by carrying an array of products ranging from formal wear, skin care products, cosmetics, celebrity clothing lines, designer labels and accessories just to name a few varieties. Their target market is mainly young adolescences, men, women and women with children. With the different array of product lines that Hudson Bay carry’s, it almost makes them the ultimate one stop
I’ve lived on Long Island my whole life. As a child, I was only allowed to explore in a mile radius of my house. The only time I saw the outside world was when I finished my ridiculously hard homework before dark. When I did visit the city, it was always with my parents. I wasn’t allowed to go anywhere by myself, for the fear that I would get lost. When I was given the opportunity to experience the city by myself with thousands of other teens around the world, I took it immediately. I could explore the city, my own New York, by myself.
As a Professional Tennis Coach I want my students to be the best they can be in tennis, i use that mentality to try their hardest in everything they do. I also want to create future tennis pro’s, by training them everyday they can develop their game to get at least a college scholarship.
Q1: What are "make-to-order" (MTO) and "make-to-stock" (MTS)? Why did EA cakes want MTS over MTO? Do you agree with such a decision? Why or why not?
The development of start-ups is an important business activity that requires effort, time, and financial resources. It is important to correctly establish the resources that are required by opening a business in order to be able to successfully reach the objectives established for businesses in each situation. In this case, the business plan refers to developing a restaurant that focuses on providing meals that are based on organic foods.
The concept aims at attracting a niche target market of people living in the city, whose age ranges between 35 and 60 years. Due to the exclusivity and exquisiteness of the concept, a high-income, white-collar market would be favorable. Marketing would be sought through word-of-mouth, actually believed to be the swiftest and most effective.
Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set-up for failure if no clear goals or measures are established and adhered. According to the Small Business Administration, “Planning is critical to successfully starting and building a business.” The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its entirety. A well-constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many
There are (3) reasons why I have chosen energy drinks as my NAB. First off, there is a growing market for energy drinks. Red Bull and Monster Beverage Corporation, together, form over 80% of domestic energy drinks volumes by estimates. Dollar sales for energy drinks grew almost 6% to $6.67 Billion in measured channels in 2013, which propelled sales growth for convenience stores (Team, 2014). A growing thirst for caffeinated “energy” drinks, which include the likes of Red Bull, Monster, and Rock star, has spurred a heart-thumping surge in sales. Globally, the energy drink industry has gone from a $3.8-billion business in 1999, to a $27.5-billion
In this paper, I will select an organization and prepare a strategic plan to grow the business over the next three years. This strategic plan will include certain criteria. That criteria includes:
A business plan is a road map for a team or business and it can be used, as an eternal tool for potential customers and partners. The business plan should describe in details the entire business venture, technology behind it, the size of the target market, customers, competition, business model, team, financial needs and exit strategy. The business plan gives a company insight and allows them to think things through early enough in the process to ensure they have a well defined venture goals and objectives. It also gives the business direction to a clear path for the team to follow and implement on their venture.