Task Three Explain the importance of Porter's Five (5)-Forces model. Using the Five-Forces model, examine the current behaviour of a selected organisation and explain what you believe to be the five (5) most critical influences arising from the competitive market environments, both nationally and internationally.
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Q: How is a marketing-oriented firm different from a production-oriented firm or a sales-oriented firm?
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- Discuss the challenges and strategies formarketing to government, institutional, andinternational buyers.In order for a market to exist, the following five criteria must be met; and if these criteria aren't met, what are some things that a person/organization can do to prevent this from happening?'Marketing environment is ever changing and affect the business organizations to a great extent', Support your answer in the light of the above statement explaining micro and macro environment affecting business organizations.
- 2. Evaluate techniques for reviewing the importance of different actors in the microenvironment: customers, intermediaries, suppliers and competitors as part of the development of digital marketing strategy?Analyze the impact of CRM on various industries, such as healthcare, e-commerce, and financial services. How do CRM strategies differ in these sectors, and what unique challenges and opportunities do they present?what is eCRM in Marketing? explain it's significance in today's competitive and dynamic business environment
- Give an example of how a firm can avoidmarketing myopia.The Emergence of the digital firm and globalisation are two of the three factors which have fundamentally altered theprocess between analysing a company in the “Old Economy” and analysing a company in the “New Economy”. Analyse the effects of these two factors in the context of Porter’s Five Forces Model.Define marketing, and explain how it createsutility.
- Critically evaluate the importance of monitoring the external business environment and how your chosen organization manages the gap between the demands of the market and its ability to respond to the changes in the marketing environment.Discuss the main points of your Five Forces Analysis on the toy industry. What are the keysuccess factors in this industry? Explain which of the forces represent major negative forces foryour client Lego? Which of the forces signify opportunities? Explain your answer.analyze the attractiveness of each market applying porter's five forces, identyfing key criteria in determining which market to enter and explain why porter's five forces is relevant compared to other frameworks like blue ocean or porter's diamond