The Chartered Institute of Marketing’s definition: ‘Marketing is the management process responsible for identifying, anticipating and satisfying consumer requirements profitably.’
Marketing is a fundamental aspect for any growing successful organisation. It is a process of focusing on consumer’s desires and wants, producing certain products and then attempting to divert the consumer’s desires to this product. Marketing is what each organisation has that targets the consumers to desire the product through marketing awareness. The marketing team and department of every organisation are anticipated with customers’ needs and wants which are discovered through market research.
Main aspect of successful marketing is the attraction of new customers and the maintenance as well as expansion of relationships with existing customers. For this to occur and a marketing plan to be successful, the mix of four P’s must reflect the desires and needs of consumers.
Adidas is one of the most famous and well known established companies for manufacturing virtuous quality sports products. Adidas has earned its reputation due to its unique marketing strategies that has been able to hold a strong position in the market between its competitors. Its reputation and its profit have allowed the company to invest in new technologies and methods for promoting and marketing the Adidas brand. The enterprise produces products that are targeted to reach audience that are emotionally connected to their brand, the products are then sold at a competitive price, distinguishing themselves among other competitors, and the third stage is the products are distributed through a channel of manufactures and retail stores. The final important stage is the promotion and advertisement of these products that are campaigned through effective marketing tactics. (Tuten, 2008)
In this case study, a discussion will be formed around Adidas’ marketing successful technique in sponsoring campaigns, with explanations of the benefits that Adidas have gained from marketing events. Details of effective marketing communication that lead to a successful company will be discussed with examples of the communication techniques that were implanted. Furthermore, Adidas’ marketing technique to reach the targeted audience will be discussed with details of various procedures that was implemented to connect with their consumers in an appealing and persuasive way. 2. Direct Communication
Above-the-line definition is the high cost of advertising a brand with the use of media such as television, newspaper press, banners and many more. However Below-the-line is a short-term promotion marketing method and a communication tool that focuses on direct communication, as well a large amount of capital is not required. An example of below-the-line communication is when consumers enter a store they are given entry forms to fill in. (Mishra, 2009)
Adidas has focused mainly on above-the-line advertising, its form of marketing is depicted through its adverts on television, and sport athletes are wearing Adidas clothes and are seen as front covers of newspaper and magazines. (Mishra, 2009)
Above-the-line technique is effective and successful when the target group is very large and the message and logo of the brand is needed to be maximized and visualised by the customers. However, if the targeted consumers are limited and specific then it’s highly effective and successful if brands use the below-the-line marketing technique. In addition, below-the-line technique is a preferred choice with most organizations, as marketing teams are pressured to achieve communications objectives and goals in limited budget. (Mishra, 2009)
Example of below-the-line promotions is:
Discount sales on certain products, this type of method attract consumers in purchasing product. On the other hand, this method is specified for a short term sale profit
Example of above-the-line advertisement is:
The company
Chapter 13 & 14- Channels and SCM “P3”-Distribution Marketing Channel: a set of interdependent organizations that eases the transfer of ownership as products move from producer to business user or consumer. Marketing Channel Functions: Specialization and division of labor Overcoming logistical discrepancies Providing contact efficiency Marketing Channels reduce the # of transactions required Overcoming discrepancies Discrepancy of Quantity: The difference between the amount of product…
global market. This report provides an analysis of our methods and processes we adapted during the first two years of production. Our marketing team at Prestige Worldwide developed a strategic marketing management plan. This plan consisted of an in-depth analysis of the external and internal environments, their sustainable competitive advantage, their detailed marketing strategy, implementation, and control. Using this analysis allowed Prestige Worldwide to compete in the microcomputer industry against…
Marketing Plan Owner(s): Charles Petty/ Gephte Francois Company Name: Blackstone Apparel Co Product Name: Urban Clothing Location: Tampa, FL History (yrs.): 4 PART A/Section 1: Executive Summary Blackstone Apparel Co. was founded in 2010 by Charles Petty and Gephte Francois. Charles and Gephte have been business partners for over 10 years and explored the clothing industry because of the passion Charles has for the fashion. The purpose of Blackstone apparel falls right in line with its Mission…
Marketing is essential for every business, be it a small household business or a large multinational group. All businesses depend on marketing in one way or the other. Setting of goals according to entrepreneur’s visions marks the starting o f the plan. It is better to do proper research and documentation before launching a product in the market or else the results will not be according to one’s thinking. Raymond Morose is the owner of Pet Palace and has been running this business for the last 44…
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Denosumab Marketing Plan Anna Ferreira Megan Hinricher Kyle Lanham Aaron Stucker MKTG 4050: 003 PeterMax M. Miller, Ed.D., MBA 1.0 Executive Summary Our goal is to introduce Denosumab as both a preventative and ongoing treatment for men over 50 who now suffer from osteoporosis due to their use of glucocorticoids. Since we are aiming across the country, we are prepared to tailor our advertising to adjust for different cultural attitudes and lifestyles. Global sales for total…
Gianpiero Bitetti MARKETING REPORT GoPro Cameras Teacher: Frank Cremona Sydney TAFE, Ultimo Semester 2, 2014 17855 Marketing Certificate IV – Fast Track Content Introduction………………………………….…...…………………III A bit of History……………………………………………………..III Who we are and what we do…………………………...………..III Our Believe…………………………………………………
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International Marketing Final Project Information (40% of final mark) 1. Objectives: Create a comprehensive marketing plan for a product or service, applying skills and knowledge gained through course concepts and tools. 2. Methods: Form a team (2 to 3 students for each team), Find a potential product in a foreign/Canadian market, Conduct a market research for a company and its products, Analyze the external environment (PESTLE) and market conditions (trends, supply and demand, threats, opportunities…
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