Marketing has already existed before the formal study, circa ancient Greeks of 1700s, raised the concepts of market, value, and human as social and economic elements. And since industrial revolution, more and more inventions have invented, which means our product capabilities are enhanced, so we need mass market to meet this mass production, the market was growing at that time. And take World Wars as a vital point, after war, the American society realized that they need products, costumers, goods and services to fixed the time they lose at war and they met a dilemma which was they need to make sure that the consumption was keeping match the production capacity. At this time, there was a great need for the current situation, they need to make marketing a discipline function and make sure that it could run at every time and McCarthy (1960) ‘s ‘4Ps’ model of marketing’ appeared. ‘4Ps’are price, product, place and promotion, but there existed lots of problems, because this framework is too simple to fit the complex process and real world, and before using this framework, they need to make sure that the whole marketer are in control and all of them are following the marketing concept.
But every thing changes, nowadays there are so many divers of change since 1950s United States. ‘4Ps’ cannot represent the whole market, so there comes another ‘3Ps’, which are people, process, and physical evidence. These ‘7Ps’ formed a services marketing rather than only product marketing. But actually ‘7Ps’ cannot represent the whole market, too. We cannot keep adding ‘Ps’ to describe the whole market deeply. In the last three, four years since the economic crisis, Globalization is increasing, which means there are more competitors around us, not like past years, the competitors only came from the place nearby, actually they come from every where in the world. And markets fragment much more than before, which imply that it’s not clear a single product will have a lone product life, more and more innovations and inventions, we could not clear see who is my competitor, because the industry boundaries are becoming blurring. So for firms they could not always rely on their quality of products, because generally, all the firms could make their products high quality, for example, Japanese firms follow the ‘JIT’ just in time way to manage their produce line, so firms should seek some advantages besides high quality to make their products stand out and hence attract costumers. And costumers becoming more demanding, for example, when they are shopping, they will ask more questions and do some compares with your competitor’s product because of the fast explosion in IT, GPRS, iPhone, Google earth…the technology renews too fast so the market must change to fit the current situation.
So marketing needs to change to adapts current situation and cope with future changes. Nowadays there are three key challenges: the financial crises, the environment changes and the technology (web 2.0). For the financial crises, it impact lots of way in our life. During economic recession period, many luxury shops were closed but supermarkets such as TESCO were still opening. This is a major impact on marketing, some business such as TESCO will like the economic recession because people become more economic, they will focus on the daily use product in order to maintain their life. But some business such as LV will dislike this kind of recession, because people are not willing to buy luxury stuffs while they could not offer any of them. And for new marketing landscape in terms of technology, many consumer activity could be done by using smart phones, for example, they can scan the website and have a quick look of the products, they can use GPRS to find the nearest store…So these technology is really changing things, and business should interact with customers by this way and need to figure out how to let the other customer without smart phones know the latest
System Gives Coca-Cola Employees Worldwide Online Access to a Century of Coca-Cola Company Marketing and Advertising History IBM and The Coca-Cola Company announced today that Coca-Cola is leveraging IBM's most advanced digital asset management technology to create a powerful resource for managing archival information. The new Coca-Cola digital media system makes a century's worth of corporate marketing and advertising icons available at the desktop through a worldwide internal network, allowing…
Graduate Schemes Advertising, Marketing, Media & PR The information is correct at the time of publication. However, we strongly recommend that you always check websites for deadlines, as companies may move them forwards or backwards depending on the number of application they get. Note that these deadline dates are for UK Graduate Schemes – multinational firms may have different dates for alternate locations. FIRM AMV BBDO MAIN AREA Advertising WEBSITE http://amvbbdo.com/amvacademy/…
[pic] English Language Unit Pre-sessional 2010 THE EXPERIENTIAL MARKETING The experiential marketing in entrainment and tourism industry Written Project By Qi Mi Student ID: 200744344 2nd September 2010 Supervisor: Lucia Brandi Declaration The work contained in this project is my own and has not been submitted for any other qualification. All sentences and passages quoted from published sources have been specifically acknowledged by referencing to author, work and…
Running head: MARKETING STRATEGIES OF TOOTHPASTES 1 Marketing Strategies of Four Leading Brands of Toothpaste Jennifer Glascock Averett University BSA 310 Principles of Marketing Dr. John Guarino October 19, 2010 Workshop #5 MARKETING STRATEGIES OF TOOTHPASTES 2 Table of Contents Abstract…………………………………………………………………………………4 Marketing Strategies of Toothpastes…………………………………………………...5 Crest…………………………………………………………………………………….5 History………………………………………………………………………………5 Types…………………………………………………………………………………
Dough Rises in Portugal Principles of Marketing Dawn M. Sobraski Florida Institute of Technology Table of Contents Abstract ……………………………………………………… 3 A Brief History ……………………………………………………… 4 World-Wide Franchising ……………………………………………………… 6 Why Portugal ……………………………………………………… 7 Community Introduction ……………………………………………………… 8 Continued Efforts…
across the nation are set up with telemarketers to serve their customers over the phone. The idea is to channel the budget in to offices where the associates are ready to help you over the phone, and therefore more budgeted dollars can go in to the marketing media such as television ads which GEICO is so famous for. This equates to more business with less overhead driving cost down and increasing more company revenue and above all it strengthens the brand with the consumer. But what has GEICO done to…
with an insurer’s (and eventually the provider’s) costs management ability. Closely related to cost containment will be the need to manage risks. With the restrictions on health underwriting and the “take all comers” HCR requirements, insurance marketing departments will be challenged to leverage data and analytics to identify and acquire lower risk segments to balance out the high risk segments, which are inevitably going to be added to their books. 01 02 03 04 05 06 07 08 09 10 SHIV…
Integrated Marketing Communications Definition Integrated Marketing Communications (IMC) is defined as both a process and a concept. It is the management or assimilation of all marketing sources or equipment designed to ensure that consumers or clients for a particular brand or service are significant and appropriate over a certain period. Examples of IMC channels or disciplines are general advertising, sales promotion, and public relations. They are formulated to provide precision and reliability…
RUNNING HEAD: Marketing: China and India Marketing: China and India Brigette A. Oman (Jones) BUS 330 Principles of Marketing Instructor: Benjamin Pitts 10 November 2014 1 Marketing: China and India 2 Marketing: China and India The nations of China and India are seeing a very interesting expansion of population which is similar in nature to what happened in United States of America during the “baby boomer” era. Considering the U.S. has already had some experience with this type of rapid expansion…
Market analysis As we approach our project to improvise Corporate social responsibility, the coca cola company has provided a great deal of resources and guidance. In coca cola company's history there are a large number of csr projects that provides enormous amount of various support. (cola, 2014) Coca cola company's most potential competitor is Pepsi company. in the soft drink industry these two companies are the most popular brands and will be in the future as well. For the coca cola company…