...Johnson Health Care Changes and Challenges Some people may believe that health care is not changing. However, today's health care system is changing. Today’s advanced technology and growing population have required health care organizations to evolve. Changes in health care can present challenges, and the challenges must be addressed and dealt with accordingly. Today’s health care system is changing. In order for health care to remain a competitive force in today’s business world, it must be aware of the shifts taking place that will affect them. Social media, advancements in technology and awareness of consumer behavior are three shifts currently taking place in the healthcare field. Knowledge of how these shifts work to improve health care is beneficial to assist health care organizations in providing quality care. Social media has grown in popularity in the last decade. Health care organizations have begun to utilize social media to reach out to their consumers and provide preventive, managed health care. “Social media provide people with additional opportunities to enhance their knowledge and their ability to care for themselves, and online communities are attracting older and broader audiences” (Thielst, 2013, p. 3). By using social media to communicate and collaborate health care providers and consumers can work together to develop a plan of care. Advancements in health care technology have changed the way that health care is diagnosed, treated, monitored and delivered to...
Words: 1177 - Pages: 5
...with your recommendations: 1. Since Nordstrom’s (p. 402) competes in the U.S., give an example of each of the marketing environment forces (Political, Legal, and Regulatory; Technological; Social; and Competitive and Economic Forces). 2. Discuss the impact of the forces on marketing the department store (positive or negative). 3. Recommend how the company should take advantage of or respond to each of the marketing environment force examples (Political, Legal, and Regulatory; Technological; Social; and Competitive and Economic Forces). 4. Assume the company is planning to open stores in a new foreign market area, Mexico. Recommend an overall promotional (integrated marketing communication) strategy to support the market entry (major actions, general sequence). 5. Outline at least one marketing (distribution) channel that could be used to reach buyers in this foreign market. Provide supporting rationale. . 1. Since Nordstrom’s (p. 402) competes in the U.S., give an example of each of the marketing environment forces (Political, Legal, and Regulatory; Technological; Social; and Competitive and Economic Forces). Marketing does not occur without opposition. The marketing environment consists of forces outside of the market that directly and or indirectly impacts the organization. Unlike the controllable marketing mix variables, the environmental forces are not controllable by marketers. The environmental forces affect...
Words: 1779 - Pages: 8
...ASB-1104 Introduction to Marketing Assignment 1 In view of the dynamic nature of the marketing environment, to what extent do you consider consumers to be, in practice, central to marketing activities? Name: ZHUOMING AN Student No: 500356688 Tutor: David James Introduction What is marketing? The answer is not changeless. There are some different definitions about marketing. The Chartered Institute of Marketing define that "Marketing is the management process responsible for identifying, anticipating and satisfying consumers' requirements profitably." (CIM). Taking a concern into this definition, it indicates that marketing begins before a product or service is developed. In additional, it also explain that marketing involves identifying an unsatisfied consumer need or want and determining if a profitable opportunity exists. Another definition is that “A social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others." (Kotler et al., 2005). The basic idea of this definition is that core to all marketing activities is customer satisfaction, which means marketing is an ongoing process as consumer demands and the environment is constantly changing. Products need to adapt as demands change. At the same time, marketing does not involve misleading, tricking or manipulation the customer. The Jobber also define the marketing is "The achievement of corporate goals through meeting...
Words: 1933 - Pages: 8
...over which they have little if any control. Marketing decisions must take into account these environmental factors to create an accurate picture of the marketplace. To ignore the outside factors is to set yourself up for failed marketing and lost revenue that can, in turn, affect the success of your entire brand and or company. The first environmental trend I would like to discuss is the economic one. Local, national and global economies are perhaps the greatest environmental factor to be dealt with for any small business. When times are good, sales are up. When times are bad, the focus on your marketing strategies and promotional methods should multiply many times over. Both local and national economies can influence marketing decisions by determining how much expendable income your consumer base has to spend and how much fear they may have about spending it. Businesses that deal with necessities are less likely to be seriously affected by downswings, although a reassessment of the product line and its price point may be in order. Businesses who cater to an industry driven by elective purchases can see far more serious negative effects. What this trend means for the smart business owners is to realize that people are spending their budget cautiously, just as you are spending your business budget carefully. In a down economy, you want to cut back on everything else before cutting back on your marketing because reduced marketing can lead to reduced sales, which can get your...
Words: 765 - Pages: 4
...organization’s individual customer needs. Marketing Intermediaries are also an actor in an organization’s microenvironment. An intermediary like advertising or a transportation company could potentially increase or decrease customer satisfaction. Publics are also an actor. These publics are groups that may significantly impact marketing activities that are meant to contribute to a customers’ satisfaction with a product. 2. Demography is the study of human populations in terms of size, density, location, age, gender, race, occupation, and other statistics. The demographic environment is so important to marketers because these environments involve people, and people are what make up markets. 3. Millennials are people who were born from 1977-2000. They are of much interest to marketers because of how big of a market they create for now and the future. All of these Millennials embrace technology as a way of life, which creates more opportunities to market through social media. This marketing technique is effective because all of these Millennials understand how to use technology. 4. A trend that marketers must be aware of in the natural environment is the growing shortages of raw materials. Companies are working on practices and strategies that are environmentally sustainable in order to create a world can run without the use of as many raw materials. Another environmental trend is increased pollution. Marketers are responding to this trend by marketing products that are more environmentally...
Words: 405 - Pages: 2
...4.705 Marketing Management Assignment Marketing Strategy For Research In Motion Table of Contents 1. Executive summary 3 2. Value Based Marketing Strategy 4 3. Marketing mix strategy 4 a) Product 5 b) Place 6 c) Price 6 d) Promotion 6 4. Driving forces of change in the mobile industry 7 5. Changes in Competitive Landscape 8 6. Understanding customer behavior 9 7. SWOT analysis 10 8. Recommended Marketing mix strategies for RIM 13 9. Target Market for Blackberry 14 10. References 15 Executive Summary Research In Motion (RIM) is one of the world’s leading manufacturer of wireless devices and also known for their smartphone and tablet range, Blackberry. It was found in 1984 by Mike Lazaidis in Canada. Initially RIM was in to wireless equipments until 1999 when they started creating Blackberry series. Blackberry is now widely used as a smartphone which is used mainly by corporate and business people. But it also attracts a broad range of users from teenagers to other professionals. It is widely available in many countries with offices operating around the world. Recent falling of stock has forced RIM to construct an all new market strategy in order to be in a highly competitive market. It has been analyzed that it is high time RIM should constitute a better marketing plan, which will focus mainly on Value based...
Words: 2269 - Pages: 10
...Sigma Marketing: Strategic Marketing Adaptation Dana Pelt September 27, 2013 Marketing Strategies for Corporate Success PBA 654B Executive Summary Sigma Marketing began as a small family-owned business under a different name and management style than how it is currently structured today. They have since moved from a small regional provider of generic printing services to a provider of specialty advertising products around the globe. Over the years Sigma Marketing has been a leader in the industry and ahead of its time regarding marketing and their customers. Sigma Marketing has been able to find a way to recognize new market openings and to adjust their strategies as needed. The company continued to evolve from waiting for the customer to approach them for orders to using what they called “constant exposure advertising” by distributing desk calendars to customers as gifts. Sigma Marketing then shifted and refined its strategies towards being known and recognized for producing highly creative and high quality printing. This led the company to fulfill customer calendar orders for clients and then eventually into a “Total Service Package” for their “blue chip accounts” that not only benefited Sigma Marketing but their clients as well. Since 1967, when the company began, Sigma Marketing has witnessed changing marketing environments, changing needs and wants of their customers and new and improved technology. By utilizing current and prospective...
Words: 1976 - Pages: 8
...5 Ways to Succeed in Today’s Technology-Driven World I have learned some valuable considerations about marketing by leveraging technological advancements while reading the article “5 Ways to Succeed in Today’s Technology-driven World” by Bart Foster posted on August 6th on the website Mediapost.com. His article outlines how technology is changing the face of the healthcare industry by way of data digitalization, mobile applications, and self-service customer platforms. He argues that healthcare companies should pay attention to the importance of technology driven marketing not only for the benefits of aiding their clients/patients but also so they can ride the tide of the social media and data cloud technology. Conventional marketing techniques are becoming outdated and, according to a source of the article, chief marketing officers will be budgeting more for technology than Chief Information Officers by the year 2017. According to Mr. Foster’s article, healthcare companies must take full advantage of their technology by reaching the following five goals. First, professionals need to get technical with their understanding so as to ensure a full understanding of the possibilities of the benefits of technology rather than only relying on their technology department to serve in this capacity. Secondly, executives need to embrace collaboration. Chief marketing officers and chief information officers are working more and more together in a daily operational setting with...
Words: 733 - Pages: 3
...Yuming Jiang How electronic commerce effect on marketing Saint Joseph’s College Yuming Jiang How electronic commerce effect on marketing Saint Joseph’s College How Electronic Commerce Effect on Marketing The past five years, the global marketing strategy has undergone enormous changes, which there are many factors. They include: changes in consumer demand, population movements, changes in the ecological environment, financial investment direction and other factors. This article I will focus on the impact of the rise of e-commerce play a leading role in the development of science and technology and advances led to the marketing of the marketing process of change and change. With the rapid development of information technology, especially the Internet popularization and application of e-commerce it is widely used in various fields of human society, while e-commerce is the inevitable product of technological progress. But also inevitably lead to changes in the traditional business model and corporate structure, and have a profound impact on the traditional marketing model, especially in the last five years. Network broke through the space-time industrial society, has shaken the business and marketing presence in the past the foundation. How to deal with change, how to meet the challenges in a changing, enterprises now need to seize the opportunity to seriously think about. Human society is in a technology transition, the information explosion and today's era of rapidly...
Words: 1403 - Pages: 6
...Malaysia’s leading detergent brand TOP launched a breakthrough cleaning technology detergent range, to effectively remove mite dust from laundry. The product was developed with the consumer insight of the growing number of Malaysians experiencing respiratory system-related allergies that are linked to mite dust. The TOP Anti-Mite Dust formulation has been introduced across the entire detergent range from TOP. The range was launched at the Innovation for Better Living Hygienic Cleaning Awareness Road Show that was held at One Utama Shopping Mall in the last week of April. The event focused on health and hygiene related issues vis-à-vis laundry challenges. The audiences gathered were given useful tips on how to tackle malodour, mite dust and allergies, bacteria, common stains, and the use of suitable detergents for various washing methods to achieve the best cleaning results. TOP’s advanced cleaning technologies such as anti-malodour and anti-mite dust are a result of Lion Corporation Japan’s strong R&D ability. To elaborate, the unique Anti-Mite Dust cleaning technology is proven to remove 99.9% of allergic mite-dust for hygienically clean laundry. Other key product attributes of TOP detergent include anti-bacteria, colour protection, brightening whiteness, and fast action on tough stain for better cleaning results. According to Southern Lion Sdn Bhd Marketing Director, Mr William Khoo, TOP aims to fulfill its brand promise of Innovation for Better Living by addressing...
Words: 484 - Pages: 2
...The four marketing mix variables are product, distribution, promotion, and price. These variables are known as variables because they can be modified. Although things like the competition and the economy limits how much/often these variables can be modified. Although the variables can be changed, companies have to be careful before they can be very expensive when doing so. The market strategy is designed to identify and analyze a target market and to develop a market mix. The marketing plan is a written document that implements and controls the market strategy. Once you have the plan of action (market strategy) you then have to execute it (marketing plan). The SWOT analysis is paramount to the company’s marketing plan because it identifies the Strengths, Weakness, Opportunities, and Threats. Identifying these items allows the company to properly implement and develop a market strategy. It also helps the company competitive advantage. In addition, the SWOT allows the company to know where they stand as for marketing and where they should concentrate in developing a marketing plan. The five forces are competitive, economic, political, legal and regulatory, and technology forces. The competitive force is when a company markets the same or similar product as your company or a company that solve the same problem, but the product is different. There is also entrants to consider as well, companies that could possibly enter the same market industry. The economic forces are the state...
Words: 848 - Pages: 4
...Changing Landscape of Health Care Review February 2, 2015 HCS/490 Review This week in review it is very apparent that health care is always changing, but with recent advances in technology health and government regulation health care is moving from a business to business model to a business to consumer model. This means that health care is shifting from a provider controlled model to a consumer empowered model. Empowering the consumer to take charge of their health care needs gives the consumer control over their health care costs and management. Government regulation such as the Affordable Care Act has placed the responsibility on the consumer for their health care instead of the provider. This move has presented challenges for the health care industry. These challenges call for the health care industry to make changes that educate the consumer, change marketing strategies, add innovative ways to help the consumer become empowered, reform the way health care is delivered, and train staff to meet these challenges with innovative ideas. To address the challenges presented from this changing market the health care industry has undergone a massive restructuring in the way of how health care conducts business (Berkowitz, 2011). One of the major problems with empowering the consumer is that the consumer does not fully understand the coverage plans and real costs associated with health care like the provider does. The consumer must also understand that coverage and costs are...
Words: 805 - Pages: 4
...Information systems INF 220 Wiley I Post Christopher Powell Information systems are changing the way we do business around the world; it has helped us communicate with people and corporations around the world. I will be answering the question provided to the best I can. 1. How are information systems transforming business and what is their relationship to globalization? a. Information systems provide real time access of information, this is transforming businesses. Companies are connected to data, and people this is how Information systems are related to globalization this makes information easier to get to. 2. Why are information systems so essential for running and managing a business today? a. An effective and responsible use of information systems by management and businesses is important knowledge needed for workers in today's information society. One of the important components for a business and other organizations is Information systems and technologies. Information systems has become a vital field of study in business administration and management, they are considered a major area in business operations in management. 3. What exactly is an information system? How does it work? What are its people, organization, and technology components? a. Information system as a set of components that work together to collect, process, store, and disseminate information to support decision making in; coordination, control, analysis, and visualization in a...
Words: 788 - Pages: 4
...Information Systems and Software Application Technology has transformed the manner of how businesses perform. In this day and age, with the use of technology and individual is able to manage and operate an industry alone; furthermore, technology has replaced numerous workers, such as production line employees. In recent times, industries have developed effective methods to stay competitive. The human resources, accounting and marketing departments have put into practice technology application to operate an organization more efficiently. Oracle is one of the top three developers of technology software. “Oracle is the gold standard for database technology and applications in enterprises throughout the world—the company is the world's leading supplier of information management software and the world's second largest independent software company. The acquisition of Sun gives Oracle a leadership role in the hardware arena as well” (Oracle). Numerous companies has utilized PeopleSoft, an Oracle software, to operate the human resources department. The program enables the department to manage employee files, while maintaining and acting in accordane with employee laws and guidelines. Oracle allows the department to sustain imployee information; such as, salary, benefits, and retirement information. Information is stored in a predominant location, allowing the business to connect another application for administrate any employee modification. JD Edwards, another Oracle software...
Words: 457 - Pages: 2
...Instructor’s Visual Index Kotler/Armstrong Chapter 1: Marketing in a Changing World PRINCIPLES OF MARKETING Philip Kotler and Gary Armstrong Chapter 1 Chapter 1 Marketing in a Changing World: Creating Customer Value and Satisfaction What is Marketing? What is Marketing? • Process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others. • More simply: Marketing is the delivery of customer satisfaction at a profit. © Copyright 1999 Prentice Hall Instructor’s Visual Index Kotler/Armstrong Chapter 1: Marketing in a Changing World Core Marketing Concepts Core Marketing Concepts Needs, wants, and demands Products and Services Core Core Marketing Marketing Concepts Concepts Markets Value, satisfaction, and quality Exchange, transactions, and relationships What Motivates a Consumer What Motivates a Consumer to Take Action? to Take Action? • Needs - state of felt deprivation for basic items such as food and clothing and complex needs such as for belonging. i.e. I am thirsty • Wants - form that a human need takes as shaped by culture and individual personality. i.e. I want a Coca-Cola. • Demands - human wants backed by buying power. i.e. I have money to buy a Coca-Cola. © Copyright 1999 Prentice Hall Instructor’s Visual Index Kotler/Armstrong Chapter 1: Marketing in a Changing World What Will Satisfy Consumer’s What Will Satisfy Consumer’s Needs and Wants? Needs and...
Words: 763 - Pages: 4