...Marketing Histories Essay Marketing has become a fundamental part of our society in recent years, maturing into an integral part of any organisations to help maximise sales and profits. Its first major impact on companies and businesses began to take hold in post world war U.S.A, when consumers wanted to make up ‘for lost time’ from the depressive and stagnant years of war (Benton, 1987, OM&P) marketing presented an opportunity to finally make this happen. As time progressed marketing took a significant shift to a more customer-based approach, making them the very much the centerpiece. This evolution stemmed from mass production of products from homogeneous to heterogeneous and the vast array of competition that had been released to the masses. Relationship marketing was a much-needed asset to help find a way to differentiate between companies and organisations, which still very much holds a presence today and no doubt will in the future, too. As marketers became savvier and more in touch with the commercial market, they realised that they could design a concept that would help maximize sales for a company, and consequently make as much profit for them as possible. This ‘concept’ was to be known as the marketing mix paradigm, and it originally consisted of 12 different variables which were proposed by Borden in 1954, these were: product, price branding, distribution, personal selling, advertising, promotions, packaging, display, servicing, physical handling, fact...
Words: 1609 - Pages: 7
...domestic spending softened in 2014 adding to the slow performance of retailing. Expansion plans are put on hold by most retailers Hong Kong retailing rental prices have continued to soar, coupled with demand for shop fronts in prime locations by both luxury and international players. The majority of retailers have held back their expansion plans to avoid incurring hefty costs. They are counteracting this situation by exploring online channels and mobile platforms, and revamping existing outlets combined with creative and loud marketing activities in stores. Retailers have also spotted the potential opportunities of allocating their resources to New Territories districts instead. Upscale grocery shopping versus mass non-grocery shopping Consumers gaining sophistication and westernised lifestyle habits has led to a shift towards increased visits to and outlet expansion of high-end supermarkets such as MarketPlace by jason’s, InterNational and Fusion. Consumers are seeking the premium, healthy, gourmet food available in these grocery outlets. On the other hand, consumers are shifting towards mass, also known as affordable, non-grocery brands. Fast fashion brands such as H&M and affordable luxury products are gaining popularity in view of...
Words: 701 - Pages: 3
...Environmental Factors Paper In today’s society companies gain a competitive edge by exploring in the domestic and global markets. Businesses that operate at domestic and global levels will eventually have to deal with issues and factors that may have some type of effect on the daily operations. Within the domestic market there are some things that makes it easier to launch the product such as geography, customer needs, demographics, and methods of distribution. To be able to capture a better marker share globalization is put in place so that new marketing shares can open up new ventures for sales. Domestic and global marketing The organization that I am most familiar with that conducts domestic and global marketing is the Toyota Motor Corporation. Toyota is the world's largest automaker (The Associated Press, 2013). Toyota is one of the top-selling brands in America and we are committed to continuous improvement in everything we do, along with breakthrough products for the future (Toyota Motor North America, Inc., 2013) The factors that impact on the marketing strategies of Toyota Motor Corporation are trade practices, demographics and physical infrastructure, cultural differences, social responsibilities and ethics, political systems and technology. These factors are challenges that effect the normal functioning of business organizations. Global economic interdependence and trade agreements Due to the influence of global economic interdependence Toyota has had to purchase...
Words: 1104 - Pages: 5
...Washington, School of Business Instructor, 1994-1997 Teaching Assistant, 1992-1994 Publications 1. Brunel, F., Utter, D. (2009). Phillips Foods, Inc.: Introducing King Crab to the Trade (pp. 20 pages). London, Ontario: Ivey Publishing, # 909A04. 2. Brunel, F., Utter, D. (2009). Teaching Note. Phillips Foods, Inc.: Introducing King Crab to the Trade (pp. 18 pages). London, Ontario: Ivey Publishing, # 809A04. 3. Susan Fournier, and Frédéric F. Brunel (2008), “Todos Somos Publicistas” [We are All Advertisers], Mercadotecnia, Expansión, May 26, pp. 103-104. 4. Toder-Alon, Anat and Frédéric F. Brunel, (2007), “Dynamics of Community Engagement: The Role of Interpersonal Communicative Genres in Online Community Evolutions”, in Consumer Culture Theory. Research in Consumer Behavior Series, Russ Belk and John Sherry (Eds.), Elsevier Ltd.,...
Words: 7826 - Pages: 32
...1.0 INTRODUCTION The purpose of the current paper is to critically review the contributions that two of these studies have made to our understanding of societal perceptions, social support and how it affects breastfeeding attitudes and outcomes. (Kronborg and Vaeth 2004) Defined Social support as the mother's perceptions in relation to the support she receives from peers, family and the society at large. The first paper to be reviewed is written by (Leeming et al. 2013) and entitled 'Socially sensitive lactation: Exploring the social context of breastfeeding'. The second paper is written by (Scott et al. 2015) and entitled 'A comparison of maternal attitudes to breast feeding in public and the association with breastfeeding duration in four European countries: Results of a cohort study. The current paper will summarise the arguments, review the subject matter in both papers and compare and contrast the different methodological approaches taken by the authors with comments on the appropriateness of each method chosen. It concludes by a justified opinion of the subject. (Li et al. 2008), stated that discomfort with the idea of breastfeeding is one of the concerns for some women choosing not to breastfeed or incorporating shorter duration of breastfeeding (Stuebe and Bonuck 2011). Decades of research confirm the benefits of breastfeeding for infants and for maternal health (Cricco 2007) (Tarrant, Dodgson and Wu 2014) (Ingram et al. 2008). 1.1 ARGUMENTS (Leeming et al. 2013)...
Words: 1767 - Pages: 8
...Environmental Factors Paper Earnestine Caldwell MKT/421 May 5, 2013 Lisa Cox Environmental Factors Paper In today’s society companies gain a competitive edge by exploring in the domestic and global markets. Businesses that operate at domestic and global levels will eventually have to deal with factors that affect their day-to-day operations. Within the domestic market customer needs, tastes, geography, demographics, and distribution methods are familiar and easiest to launch a product. Globalization is conducted in an effort to capture greater market share and open up new avenues for sales. Domestic and global marketing The organization that I am most familiar with that conducts domestic and global marketing is the Toyota Motor Corporation. Toyota is the world's largest automaker (The Associated Press, 2013). It runs its operations both at domestic and international levels and thus targets both domestic and international markets. Toyota is one of the top-selling brands in America and we are committed to continuous improvement in everything we do, along with breakthrough products for the future (Toyota Motor North America, Inc., 2013) The factors that impact on the marketing strategies of Toyota Motor Corporation are trade practices, demographics and physical infrastructure, cultural differences, social responsibilities and ethics, political systems and technology. These factors are challenges that effect the normal functioning of business organizations. Global...
Words: 1214 - Pages: 5
...For example, for every $1.00 spent advertising prescription drugs it is estimated to increase their retail sales by $4.20(“Should Prescription Drugs be Advertised Directly to Consumers”). The additional drugs that are created are for money purposes and not to help people. The drug that is released is the one that will make the most money for the pharmaceutical company. In addition, doctors are pressured to give out drugs that they otherwise would not use. This is unethical from my conclusions drawn earlier from Kant’s Categorical Imperative. A drug that affects a person’s heath should be released based upon its effectiveness, not because of an exceptional marketing campaign. Doctor’s should determine any drug prescription based on fact about the drug and not advertising campaigns. This is the only morally way forward looking at it from the point of view of the Deontological view. False advertising is never the way forward...
Words: 1660 - Pages: 7
...| | | Contents Introduction 2 Strategic Management 3 Strategic ‘fit’ of the ECBM 4 Environmental Analysis 5 The Micro Environment 7 Resources Analysis (Strategic Capability) 9 Evaluation of the Strategy 10 Future Strategic Options 11 Internal development 11 External Development 12 Evaluation of the Strategic Options 13 Corporate Social Responsibility 14 Corporate Social Responsibility Stances 15 Conclusion 16 Introduction According to General Robert E. Wood “Business is like a war in one respect, if its ground strategy is correct, any number of tactical errors can be made and yet the enterprise proves successful.”[1] Wood compares strategy to war and also indicates its origin from the Greek. The Greek word “strategos” meant “military leader”. Many refer to strategy in terms of either military, games (chess) or team related (football) context. Woods also underlines the neccessity and the reason of a strategy in any organisation. The European College of Business and Management (ECBM) is a registered non-profit organisation specialising in business education. It focuses on two main areas: Personal Development Programmes and Higher Education, Business Management Programmes. This assignment will discuss the means and bases of the strategy...
Words: 3473 - Pages: 14
...Abstract Ethical theories has been a topic of philosophical debate for centuries, but only recently has corporate governance and social responsibilities became a necessary fixture for modern businesses to function. Thus sparking scepticism that businesses adoption of CSR initiatives are a result of shifting societal trends for financial rewards and not out of ‘good will’. It is therefore a surprising given that this paper, Origins Natural Resources, an international cosmetic superstar adopted CSR since its conception and continues to maintain strong earth friendly practices throughout its operations regardless of substantial costs and burden to uphold. Thereby exploring the possibilities that characteristics of virtue can truly exist in a corporate entity, and perhaps society should be less sceptical of others intentions. Introduction The question of why businesses truly adopted CSR initiatives has never been initiated, thus sparking interests on whether or not it is an authentic act of corporate citizenship or simply a front to financial rewards. This paper aims to analyse Origins Natural Resources dedication towards Corporate Social Responsibilities (CSR) addressing two major issues the organisation perceived as most significant and relevant to its core products and services. The two categories are addressing the importance of animal cruelty via experimentation and environmental sustainability. These issues will be analysed by applying utilitarianism, Kant and Virtue...
Words: 1795 - Pages: 8
...accelerate, especially as a result of globalisation. | Post modernity | The view that society has moved into a new era of postmodernity- a globalised, media-saturated society. Culture is fragmented, unstable and ever changing, and individuals create and change their identities through consumption of signs and brands. Some Marxists see PM as the latest phase of capitalism, in which globalisation permit the accumulation of capital. | Individualism | The idea that the individual is more important than the group. In postmodern society, individualism becomes more important becomes more important than it is in traditional society and individuals actions are influenced more by self-interest rather than obligation. Secularisation theorists argue that this leads to decline in religion by undermining its communal basis. | Vicarious religion | Is experiencing religion ‘second hand’ or at a distance. Attending churches for rites of passage but not on a regular basis. A small number of professional clergy practise religion on behalf of a much larger number of people | Cultural amnesia | Loss of collective memory, where religion is no longer being handed down through generations as members of family are more attracted to individualism. | Consumerism | Replacing collective tradition by having the choice to consume into religion without any expectations in place. Due to choice, as consumers of religion we become spiritual shoppers. | Spiritual shoppers | Those that choose religious...
Words: 501 - Pages: 3
...How People Make Economic Decisions ECO 212 April 9, 2012 As the focus of the economy becomes dim, economists are tasked with challenges to seek out optimistic measure that will guarantee a future for society. The focal point centers on the lessons of economics. Economics consist of choices made by consumers, business managers and government officials who attain manage their resources for success. An outline for economic success measures will be discussed through this writing, addressing principles of decision making, comparative cost analysis versus benefits, and incentives for decisions made. Additionally addressed will be the attributes of the economic systems (market, centrally planned and mixed) with affects of economic interactions of the present system. Exploring the world of economics, three principles are considered. First, people are rational, an assumption developed by economists. The decision of rational people is to weigh the benefits and cost of actions for profit. Second, people respond to economic incentives driven by a variety of motives such as envy, beliefs and compassion. Third, optimal decisions are made at the margin, involving activities up to the point where the benefit equals the cost. As a seasoned veteran of local government employment, continuing my educational pursuit in consideration of my age became a major component in determining my success. A marginal benefit of my decision to continue my education would be to enhance my skills...
Words: 719 - Pages: 3
...Introduction Since the new millennium era, marketing has an important role in society as the concept changed from being an efficient producer to social marketing concept. By implementing this concept which prioritises consumers’ satisfaction, both producer and consumer have benefits (Solomon et al. 2006, p. 14). As this is going on, beside the profits, producer also gets the chance to build a long term relationship with the consumer, which is one of the Integrated Marketing Communication (IMC) characteristics (Solomon et al. 2006, p. 389). This leads to the topic of this report which is stated that marketing to children are allowed and do not need a further regulation. This topic is interested to be learnt as children have important role in society’s future and marketing has a big part in their growth. Therefore, this report will explain first the regulation of marketing to children, then point out the important role of marketing for children, and lastly present the parents’ role in this practice. Marketing to Children Regulation in Australia As it is explained above about social marketing concept, it is also believed that a long term relationship can create the long term profitability by establishing good marketing that focus on consumers’ satisfaction and good ethics in the practice (Brubaker 2007, p. 58). These ‘good ethics’ lead government in every country to create the laws that aim to protect every consumer rights and privacy. In order to approach this, government creates the...
Words: 1006 - Pages: 5
...MKTG203: Assignment 1 Thursday7.00_MR_17 New trends in consumer behaviour and brand personality have gained increased global attention, particularly in cosmetic products. This report will critically analyse the rapidly growing beauty and cosmetics market in China through the consumer behaviour concepts of consumer materialism and brand personality. Both of these aspects will be examined in relation to the similarities and differences present within the Australian and Chinese context. By exploring these two essential concepts of consumer behaviour, the report will highlight China’s growing interests and demands for imported skincare and beauty products, as well as a potential marketing opportunity for Australian cosmetic companies such as Aēsop. Background With an estimated worth of $19.49 billion, the cosmetic market is one of the largest industries stimulating the Chinese economy today (Datamonitor, 2013). A substantial growth of 18.7% in 2012 and a forecasted growth of 48.7% by 2017 (Euromonitor, 2013), has enabled the nation to become Australia’s largest trading partner including other Australian exports. Due to its dominant presence in the world economy, the general level of per capita income has increased progressively with minor improvements in chronic income inequalities between rural and urban populations in China. With higher disposable incomes and the endless choices in distinct cosmetics, many individuals are now seeking high-value...
Words: 2817 - Pages: 12
...PROPOSED TOPIC: Examining the influence of Brand Image on consumer buying behaviour. The Case of Apple I-PHONE in the UK. INTRODUCTION OF TOPIC: Nowadays firms in all segments are probing for a new foundation of sustaining competitive advantage because the competition in the marketplace is getting more rigorous. However brand image has stand as one of the powerful tool of gaining comparative advantage. It is certain that firms with powerful brand image make a momentous progress in the marketplace. A strong brand will project a picture of superiority of a firm’s product or service. Apple Inc is an American multinational corporation that market and design personal computers, electronics and computer software. Apple Inc was founded in April 1976 in Cupertino California by the late Steve Jobs. Apple Inc is the largest technology company in the word by profit and revenue. Apple Inc has built a reputation as a consistent and trustworthy electronic company. Apple aspires to become the world leader in electronics, computer software and personal computer. RATIONALE FOR THE TOPIC: The rationale for my topic holds on the fact that brand is becoming the tool for absolute advantage for business in the twenty-first century. It is a challenge for organisation to survive in the constant and fierce battle of brands in the wallets, heart and mind of consumers. Though this study was premeditated for a course work, it will go beyond the purpose, the result of this study will assist existing...
Words: 2284 - Pages: 10
...There is a need for child welfare agencies among our children in today’s society but there is a greater need for child welfare services in the Latino community as they seem to be one of the fastest growing communities in the United States. With this being know we as a society in human services field need to be ready to service the Latino community. As a result of the steady growth the human services agencies should take extra care to provide training for personnel in the following areas provide culturally appropriate care for the families. Especially children coming from parents that are immigrants as these children tend to be at a higher risk for maltreatment. Each family must be taken case by case to ensure traditional and cultural values remain the same. There are different ways to evaluate each case in a step by step approach is offered by “Kilpatrick provide programs. Level one focuses on The reaction of participants to the training. Kirkpatrick describes this level of evaluation as similar to measuring customer satisfaction; For training to be effective, trainees must be pleased with the training that was provided. Level two focuses on evaluating learning Because of the training program: change in behavior cannot occur Unless there is a change in learning. Level three evaluates Changes in behavior by exploring the transfer of knowledge and skill to the workplace. While this level of evaluation is more difficult, it is necessary to determine if long-term changes...
Words: 374 - Pages: 2