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Discussion Units BUS 5112, Marketing Management

Marketing Management Discussion Forum Week 1-8 BUS 5112

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Explore and determine if the local brand you picked has a well-defined and executed brand strategy? What are the elements of the local brand strategy that enabled it to achieve this success?

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Brand: A brand is a name, term, design, symbol, or any other feature that identifies good or service which is differentiable from others. (Wikipedia - Brand) Brand Strategy: A marketing plan for long term goals that can be achieved with evolution of successful brand. Background: Two local boys, An...

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What roles do personal or demographic factors play in consumer/customer decision to purchase product or service? How do these factors influence consumer behavior?

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Culture refers to a shared beliefs, customs, behaviors and attitude that characterized the society. The demographic/societal factor play more dominant roles compared to personal factor and can cause deviation from general patterns of consumer decision making. Cultures affect the way people search an...

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Identify the product(s) that your company manufactures and sells Develop a statement of your target market(s) Develop a statement of your competitor’s target market(s) Develop a value proposition statement.

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Healthy Food is a Key of Healthy Society, by labeling the slogan just to enter in the market and compete with the variety of other sandwich maker companies without disturbing their formation but start with uniqueness of our product as a sheer brand. Comparatively, Burger King (An Example) who are...

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Customer Relationship Management (CRM)

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Customer relationship management (CRM) is the combination of practices, strategies, and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle (Chai, Ehrnes & Kiwak; 2020). Goals of CRM: - The basic needs of CRM are • To provide ...

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Summary Product Life Cycle

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Web 1.0. 2.0, 3.0 Product Life Cycle, Facebook has been banned in some part of the world so as YouTube under the Hate Speech restrictions, therefore the data is not secure in that platform. According to Marketing Management, Web 2.0 portal is at its Mature Stage. Another advancement in technolo...

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Summary Traditional & Non-Traditional Media

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Advertising is only part of a larger promotional mix that also includes publicity, sales promotion, and personal selling. Sales Promotion consists of consumer promotions (such as samples, coupons, and premiums); trade promotions (such as advertising and display allowances); and business and sales ...

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Summary Social media has become one of the most significant tools for businesses in the twenty-first century to reach out to their consumers, engage with them, communicate with the public, and market their products and services. It is incredibly enticing and powe

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Social Media Channels Changes in channels Multi-channel marketing The functions of channels of distribution The importance of direct selling: the sales force and direct marketing

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With this in mind, pick any product of your choice and write a reflection on effective advertisement for the product and address the following questions Effective Advertising:

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McDonald’s Current Marketing: McDonald’s is the world’s leading fast-food restaurant and is globally recognized. With over tens of thousands of stores spread across 119 countries, McDonald’s serves an astounding 50 million customers daily. McDonald’s is actively working to change their i...

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Summary Invention vs Innovation:- The invention creates something NEW; Innovation creates something that SELLS (Mathew Herbert, 2016). 1. The invention is a fresh idea and how it works in theory, however innovation is practical implementation. 2. The invention re

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Product Process Manager: - A responsible leader whose role is strategic and much like CEO for the product, who set and owns overall production process, direction and stays until the product may be removed from the market who is also responsible for the profit & loss function of the product. Roles ...

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Summary 1. Read the article: “Exploring Factors That Influence Consumer Loyalty to Automobile Dealerships in New York.” and then perform the following: Provide some customer retention strategies which benefits organizations What actions are involved before the f

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Customer Retention Strategies: - 1. Targeting Customer for Retention: By providing them premium maintenance services according to defined classification of product purchase plan. 2. Bonding: Connect them with promotional price offers and discount with product inspection strategy. 3. Internal Mark...

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