...The original marketing strategy worked for them for a number of years. As the times changed Mervyns failed to keep up with it. Mervyns, the seller for all sorts of apparel, housewares, and other department store favorites began to crumble from the ground up. Much of the company's failure was pinned on three different firms that bought the company off of target. It was said that instead of boosting the company's image it destroyed it financially. The Firms; Cerberus Capital Management, Sun Capital Partners, and Lubert-Alder, that bought Mervyns stripped its real estate assets, upped the price of rent. This put the company in eight hundred million dollars of debt taking four hundred million in personal cash (Thorton). In retrospect the poor money management was just one flake in the snowball crashing into Mervyns. As the brand was closing doors left and right, Mervyns tried to change its marketing environment by opening some stores in undeserved markets such as Hispanic markets. However this demographic move happened to late. Mervyns had a great idea in its hands, the company was able to create its own niche in the market, the store had lower priced merchandised compared to their competitors because they sold items that were deemed second had, due to minor undetectable flaws (mervyns). As the marketing environments changed, Mervyns didn't. The niche market that they had originally created became to large of a market, diluting the identity of the company. Trying to target to many...
Words: 637 - Pages: 3
...Introduction: ‘Picture extracted from http://centreforaviation.com/analysis/the-airasia-japan-joint-venture-stumbles-can-lccs-survive-in-japan-114191’ Company: Air Asia Berhad Air Asia is a low cost airline based in Kuala Lumpur, Malaysia. It operates scheduled domestic and international flights and is Asia’s largest low fare, no frills airlines. Air Asia pioneered low cost travelling in Asia. It is also the first airline in the region to implement fully ticketless travel and unassigned seats. Its main base is the Low Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport (KLIA). Its affiliate airlines Thai Air Asia and Indonesia Air Asia fly from Suvarnabhumi Airport, Thailand and Soekarno-Hatta International Airport, Indonesia, respectively. AirAsia operates with the world's lowest unit cost of US$0.023 per available seat kilometres (ASK) and a passenger break-even load factor of 52%. It has hedged 100% of its fuel requirements for the next three years, achieves an aircraft turnaround time of 25 minutes, has a crew productivity level that is triple that of Malaysia Airlines, and achieves an average aircraft utilisation rate of 13 hours a day. It is currently the main customer of the Airbus A 320 which has been operational since 2013. The first unit of the plane arrived on 8 December 2005. Air Asia’s Values The emphasis of this assignment is to Identify how Air Asia can attain its vision and reach its identified target customers by the use of S.T.P strategy...
Words: 2482 - Pages: 10
...MARKETING OR MARKETING MIX (4P’S) 3 ELEMENTS OF PROMOTIONAL MIX 5 THE INFLUENCE OF SPONSORSHIP IN MARKETING 7 OLYMPICS AND UNITY 7 THE POWER OF SPONSORSHIP IN THE OLYMPIC GAMES 8 ECONOMIC BENEFITS OF THE OLYMPICS 9 MC DONALD’S SYDNEY OLYMPIC SPONSORSHIP 10 ADVANTAGES AND DISADVANTAGES OF SPONSORSHIP 11 CONCLUSION 12 Bibliography 12 INTRODUCTION The aim of this report is to deal with the relevance of sponsorship in a big sporting event like the Olympics. The elements of marketing or marketing mix, how it is interrelated and the significance of promotion in an organization will also be discussed in the report. Prior to that, it is important to understand a general idea of sponsorship. Sponsorship can be defined as a process in which an organization, company or individual offers their service, products or financial support to another organization or event for a profitable advantage. The sponsoring company creates a business rapport with the sponsored one and the event or the program must be mutually beneficial. One of the most important aspects of sponsorship is promotion. A sponsor is the key stakeholder of an event and sponsoring an event offers many responsibilities. The sponsor must keep a track on the progress of the event and it must be continuously reviewed. The marketing mix, promotional mix, advantages and disadvantages of sponsoring an event like Olympics will be discussed further in the report. ELEMENTS OF MARKETING OR MARKETING MIX (4P’S) There are four elements...
Words: 3731 - Pages: 15
...INTRODUCTION A marketing plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or Service (economics) service, a brand, or a product line. Marketing plans cover between one and five years. Solid marketing strategy is the foundation of a well-written marketing plan. While a marketing plan contains a list of actions, a marketing plan without a sound strategic foundation is of little use. In most organizations, "strategic planning" is an annual process, typically covering just the year ahead. Occasionally, a few organizations may look at a practical plan which stretches three or more years ahead. To be most effective, the plan has to be formalized, usually in written form, as a formal "marketing plan." The essence of the process is that it moves from the general to the specific; from the overall objectives of the organization down to the individual Objective (goal)|action plan for a part of one marketing program. It is also an interactive process, so that the draft output of each stage is checked to see what impact it has on the earlier stages - and is amended. Detailed plans and programs At this stage, you will need to develop your overall marketing strategies into detailed plans and program. Although these detailed plans may cover each of the 7 P's, the focus will vary, depending upon your organization's specific strategies. A product-oriented company will focus its plans for the...
Words: 2917 - Pages: 12
...Chapter 2: 1) Market oriented mission statement defined in terms of satisfying basic customer needs. Important questions that should be taken into consideration are what is our business, who is the customer, what do customers value and what should our business be? 2) Business portfolio planning involves two steps (1) the company must analyze its current business portfolio and determine which business should receive more, less, or no investment. (2) it must shape the future portfolio by developing strategies for growth and downsizing. First marketing provides a guiding philosophy- the marketing concept that suggests the company strategy should revolve around building profitable relationships with important consumer groups. Second marketing provides inputs to strategic planners by helping to identify attractive market opportunities and assessing the firm’s potential to take advantage of them. Finally within individual business units, marketing designs strategies for reaching the unit’s objectives. 3) True market orientation does not mean becoming marketing driven; it means that the entire company obsesses over creating value for the customer and views itself as a bundle of processes that profitably define, create, communicate, and deliver value to its target customers to create value. 4) Dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs. Involves...
Words: 2272 - Pages: 10
...一. Case Interview 1． 类型介绍 (1) 什么是Case Interview? 一般来说，Case Interview主要针对咨询公司面试而言。也有一些公司如Dell二面会用一些小case来考察面试者的应变能力、考虑问题的全面性以及逻辑分析能力。咨询公司的Case Interview可以分成两个部分，一开始先 是Warm-up。在这一部分，你可能需要自我介绍，然后大致回答一下面试官针对简历以及个人选择提出的一些问题。接下来才是真正的Case Interview。简而言之，Case Interview就是现场对一个商业问题进行分析的面试。但是和大多数其他面试不同，这是一个互动的过程。你的面试官会给你提出一个Business Issue，并且会让你给出分析和意见。而你的任务是向面试官有逻辑的提出一些问题以使得你能够对这个Business Issue有更全面，更细致的了解，并且通过系统的分析最后给出建议。一般而言，Case Interview是没有绝对正确的答案的。面试官看重的不是答案，而是从面试过程当中你表现出来的分析能力和创造力。对于大学毕业，没有工作经验的学生来说，大多数情况下Case不会很难，也不会需要你对那个行业有系统的了解。 Case Interview一般是一对一的，一轮会有两个Case Interview，由两个不同的面试官来负责，每个Interview持续45分钟，包括10-15分钟的warm-up以及一些Behavior questions，剩下的30分钟就是讨论Case。10-15分钟的Warm-up一般用英文，Case可能是英文，也有可能是中文，不同的公司以及不同的面试官对语言是有不同的偏好的。 (2) 为什么使用Case Interview? 由于咨询师在工作上的不少时间都是在和客户以及同事进行相互的沟通，同时咨询工作本身的特点要求咨询师必须具备一系列的特质才能够成功。这些特质包括：在压力之下保持冷静，对问题能够很快的根据细节建立假设，并且运用很强的逻辑分析能力来解决问题等等。因此，一个互动性很强，和实际联系很紧以及要求分析能力较高的Case Interview可以很好的衡量面试者的这些素质。 (3) Case Interview考察哪些能力和素质 领导能力 咨询师常常需要独立工作，并且带领团队和客户去达成共同的目标，因此领导力对于一个成功的咨询师来说是很重要的。在面试当中，你需要通过主动掌握整个面试，有信心的提问题来表现你的领导力。 分析能力 咨询业的核心就是分析－根据事实提出假设，把数据break down，然后形成一套分析框架，并且最后得出结论和建议。在面试过程当中，你需要通过有效，有目的性的提问等来反映你的分析能力。 Presentation Skill 一旦咨询师对案例进行了完备的分析并且想好了相应的策略，他们就需要把他们的发现和建议展现给整个案例小组和他们的客户。因此，这个能力对咨询工作也是十分关键的。所以在面试当中，宁愿说慢一点，花点时间思考，也不要结结巴巴的做陈词。 精力 咨询公司往往希望他们的咨询师能够在10小时的飞机之后依然精力充沛的出现在客户面前。所以有力的握手，真诚的笑容，自信的眼神以及整洁的外表都是他们所看重的。 冷静 在Case Interview中，面试官有时会刻意营造一种很tough的氛围，比如不断challenge你，或者不断否定你的回答，这不代表你做的不好，而是他们在故意考察你能够面对压力冷静思考。要知道：当咨询师面对客户的时候，面对压力而冷静的发现问题以及思考是很重要的素质。 ...
Words: 1396 - Pages: 6
... [pic] Submitted to: Submitted by: Dr. Md. Zahidul Islam Masruk Monir - 0510220 (Senior lecturer of management) Contents Topic’s cover Page Background 1 Mission & Vision 2 4 p’s 3 4c’s against 4p’s 4 Sales analysis & distribution channel 5 Fig: Target market 6 Competitive advantage of Aarong 7 Brand management 9 Swot analysis 10 Wrong advertising strategy 12 External factors 13 Information management system ...
Words: 4512 - Pages: 19
...2))) core competences الاختصاصات الأساسية The idea of "core competences" is one of the most important business ideas currently shaping our world. This is one of the key ideas that lies behind the current wave of outsourcing, as businesses concentrate their efforts on things they do well and outsource as much as they can of everything else. In this article we explain the idea and help you use it, on both corporate and personal levels. And by doing so, we show you how you can get ahead of your competition – and stay ahead. By using the idea, you'll make the very most of the opportunities open to you: • You'll focus your efforts so that you develop a unique level of expertise in areas that really matter to your customers. Because of this, you'll command the rewards that come with this expertise. • You'll learn to develop your own skills in a way that complements your company's core competences. By building the skills and abilities that your company most values, you'll win respect and get the career advancement that you want. Explaining Core Competences: The Value of Uniqueness The starting point for understanding core competences is understanding that businesses need to have something that customers uniquely value if they're to make good profits. "Me too" businesses (with nothing unique to distinguish them from their competition) are doomed to compete on price: The only thing they can do to make themselves the customer's top choice is drop price. And as other "me too"...
Words: 12044 - Pages: 49
...INTERNSHIP REPORT Partex Furniture Industries Ltd. (A Partex Star Group Company) REPORT ON ‘MARKETING STRATEGY OF PARTEX FURNITURE: A STUDY OF PARTEX FURNITURE INDUSTRIES LIMITED’ Prepared for: Md. Shahin Ahamed Chowdhury Lecturer Department of Business Administration Dhaka International University Prepared by: Md. Ershadul Haque Class Roll No: 11 Registration No: 209181 18th Batch Program RMBA 1Year Major in Marketing Dhaka International University Submission Date: February 26, 2011 Letter of Transmittal February 26, 2011 To Md. Shahin Ahamed Chowdhury Lecturer Department of Business Administration Dhaka International University Dear Sir, It is my pleasure to hand you the Internship Paper for PARTEX Furniture Indus. Ltd. The Subject of my analysis is Partex Furniture, one of the concerns of the Partex Group- a renowned national conglomerate. The study encompassed, a through analysis of Problem and Pattern of Partex Furniture. I have completed my analysis of the current situation with recommendation that is believed to be fruitful for the concern of the conglomerate. I would like to thank you for providing me with the opportunity to conduct a study such as this, which help me to gain a deep insight into the activities of the business in complement with the theoretical knowledge provided by Md. Shahin Ahamed Chowdhury. I hope that you enjoy reviewing this report as much as...
Words: 6163 - Pages: 25
...internship report of Partex INTERNSHIP REPORT Partex Furniture Industries Ltd. (A Partex Star Group Company) REPORT ON ‘MARKETING STRATEGY OF PARTEX FURNITURE: A STUDY OF PARTEX FURNITURE INDUSTRIES LIMITED’ Prepared for: Md. Shahin Ahamed Chowdhury Lecturer Department of Business Administration Dhaka International University Prepared by: Md. Ershadul Haque Class Roll No: 11 Registration No: 209181 18th Batch Program RMBA 1Year Major in Marketing Dhaka International University Submission Date: February 26, 2011 Letter of Transmittal February 26, 2011 To Md. Shahin Ahamed Chowdhury Lecturer Department of Business Administration Dhaka International University Dear Sir, It is my pleasure to hand you the Internship Paper for PARTEX Furniture Indus. Ltd. The Subject of my analysis is Partex Furniture, one of the concerns of the Partex Group- a renowned national conglomerate. The study encompassed, a through analysis of Problem and Pattern of Partex Furniture. I have completed my analysis of the current situation with recommendation that is believed to be fruitful for the concern of the conglomerate. I would like to thank you for providing me with the opportunity to conduct a study such as this,...
Words: 6167 - Pages: 25
...UNIT-I LESSON 1 AN INTRODUCTION TO MARKETING MANAGEMENT CONTENTS 1.0 Aims and Objectives 1.1 Introduction 1.2 Marketing Concept 1.2.1 The Production Concept 1.2.2 The Selling Concept 1.2.3 The Marketing Concept 1.2.4 Relationship Marketing 1.2.5 The Societal Marketing Concept 1.2.6 Holistic Marketing Approach 1.2.7 Marketing Mix 1.2.8 Product (Customer Benefit) 1.2.9 Promotion (Marketing Communications) 1.2.10 Distribution (Customer Convenience) 1.2.11 Price (Customer Cost) 1.2.12 The Marketing Mix Coherency 1.2.13 The Marketing Mix Dynamics 1.3 Defining and Delivering Customer Value and Satisfaction 1.3.1 Customer Value and Satisfaction 1.4 Value Chain 1.5 Benchmarking 1.6 Delivery Network 1.7 Let us Sum up 1.8 Lesson-end Activity 1.9 Keywords 1.10 Questions for Discussion 1.11 Suggested Readings Marketing Management 1.0 AIMS AND OBJECTIVES In this lesson we shall discuss about–An introduction to Marketing Management. After going through this lesson you will be able to: (i) (ii) Understand Marketing Concept and customer value and satisfaction. Describe Value Chain and Benchmarking. (iii) Convey delivery network. 1.1 INTRODUCTION While a product could represent many different things, a good, however, is a tangible object that can be seen and touched. A service, while a good and in sharp contrast to it, represents an intangible product that may involve human or mechanical effort in its delivery. Services are being consumed increasingly by personal and organisational...
Words: 7116 - Pages: 29
...www.jntuworld.com m o e e .c rs in g UNIT-I n E a F D a O o www.jntuworld.com LESSON 1 AN INTRODUCTION TO MARKETING MANAGEMENT CONTENTS 1.0 Aims and Objectives 1.1 Introduction 1.2 Marketing Concept 1.2.1 The Production Concept m o 1.2.2 The Selling Concept .c rs 1.2.3 The Marketing Concept 1.2.4 Relationship Marketing 1.2.5 The Societal Marketing Concept e e 1.2.6 Holistic Marketing Approach in g 1.2.7 Marketing Mix 1.2.8 Product (Customer Benefit) n E 1.2.9 Promotion (Marketing Communications) 1.2.10 Distribution (Customer Convenience) O o 1.2.11 Price (Customer Cost) 1.2.12 The Marketing Mix Coherency D a 1.2.13 The Marketing Mix Dynamics a F 1.3 Defining and Delivering Customer Value and Satisfaction 1.3.1 Customer Value and Satisfaction 1.4 Value Chain 1.5 Benchmarking 1.6 Delivery Network 1.7 Let us Sum up 1.8 Lesson-end Activity 1.9 Keywords 1.10 Questions for Discussion 1.11 Suggested Readings www.jntuworld.com Marketing Management 1.0 AIMS AND OBJECTIVES In this lesson we shall discuss about–An introduction to Marketing Management. After going through this lesson you will be able to: (i) Understand Marketing Concept and customer value and satisfaction. (ii) Describe Value Chain and Benchmarking. (iii) Convey delivery network. 1.1 INTRODUCTION While a product could represent many different things, a good, however, is...
Words: 7410 - Pages: 30
...THE ROLE OF MARKETING MIX STRATEGY IN DETERMINING CONSUMER PURCHASES DECISION. A CASE STUDY OF GIVANAS NIGERIA LIMITED. BY AJIBODU OLAYEMI OLUGBENGA MATRIC NO. ADP11/12/H/0460 A PROJECT REPORT SUBMITTED TO THE DEPARTMENT OF MANAGEMENT AND ACCOUNTING FACULTY OF ADMINISTRATION, OBAFEMI AWOLOWO UNIVERSITY ILE IFE. IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (MBA.) 2013. CERTIFICATION This is to certify that this research project was conducted by AJIBODU OLAYEMI OLUGBENGA in the Faculty of Administration, Obafemi Awolowo University Ile Ife. _____________________ ___________________ PROJECT SUPERVISOR SIGNATURE AND DATE PROF. J.O ADETAYO _____________________ ____________________ HEAD OF DEPARTMENT SIGNATURE AND DATE PROF. T.O ASHAOLU ______________________ ____________________ DEAN OF FACULTY SIGNATURE AND DATE ______________________ ___________________ EXTERNAL MODERATOR SIGNATURE AND DATE DEDICATION GOD, Late MAA, OYEKEMI and TENIOLA. ACKNOWLEDGEMENT In preparing this research project, the researcher received valuable advice and ideas from well-meaning people, which made the work, saw the light of the day. First, my gratitude goes to Almighty God for giving me life and strength to come up this stage. My gratitude also goes to members of staff of the department...
Words: 15076 - Pages: 61
