...SOCIAL RELATIONSHIPS of MARKETING and ANALYTIC DIMENSIONS NICOLE GAJADHAR ALGOMA UNIVERSITY SOCIAL RELATIONSHIPS of MARKETING and ANALYTIC DIMENSIONS Summary Any business, in order to be successful must have market researchers to analyze behaviors and actions of consumers. Without market researchers it is impossible to maintain a good business to consumer rapport. Businesses to consumer relationships are misunderstood because the dimensions of characteristics such as competence are not explained thoroughly in marketing research. This article identifies the characteristics and relationships between, “communication, trust, commitment, satisfaction and conflict handling” (Malhotra, Agarwal and Du Bisi 2010, p.20) along with a hypothesis created by the authors. The research paper attempts to prove how successful relationship marketing strategy must require an understanding of social dynamics to achieve customer satisfaction. I chose this article because I like how the authors gave thorough explanation of key characteristics behind why retail industries may lack positive business rapport and knowledge on customer satisfaction. Furthermore, I like the evaluation of content for the hypothesis and its findings displayed in the integrated model shown in the article. It explains how each social characteristic is related and how it leads to positive and negative behavior of customer satisfaction and (or) dissatisfaction. Evaluation Customer Satisfaction can be achieved multiple...
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...Case study analysis IMT Dubai - Sem III - Marketing of Services Report Submitted by - Group 5 Amod Apastamb SMBA13010 Anuj Taneja SMBA13013 Sarthak Sahni SMBA13049 ISS ICELAND Summary * 2008 – Revenues of 68,829 million DKK * 7th largest outsourcing company in the world * 2009 – Integrated Facilities Management * Cleaning, Catering, Security, Property Services & Office Support * Decentralized model with financial reporting administered from headquarters in Copenhagen * ISS was not a price leader but was targeted at customers who cared about quality and were willing to pay for it A New value proposition * Post 2000 ,ISS Iceland adopted a new value proposition which has 2 dimensions. * The first is that of the classic outsourcer enabling our customers to focus on what they do best. * What is the feeling we want to create in our customers. * The new proposition says “We are creating wellbeing for our customers.” * Other 2 related issues were:- * People who don’t feel good about good about themselves are not as productive or quality-minded. * The transition from “Facilities services” to “Integrated facilities management” reflects how employees feel about their jobs * So the need came for “EMPLOYEE WELLBEING”. Gaps Model of Service Quality * Knowledge Gap: * ISS Iceland should know what it’s customers actually expect.(a solution to their problem as well their well-being). * Communication...
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...Sultanate of Oman Ministry of Manpower AL Buraimi Vocational Training Centre Business: Perfumes shop "Modern sustainability" Submitted to: MRP.Senthil Khumar, M.B.A Instructor, sales and marketing Submitted by: Aisha Suliman AL-Gaithi Roqaya Salim Al-Alawi Submitted on: Feb.2016 Introduction Perfume is a mixture of fragrant essential oil and aroma compounds, fixatives, and solvents used to give the human body, objects, and living spaces a pleasant small. Perfume is associated in many cultures with the sensual and romantic side of life. 1-What is your business type? Perfumes shop 2-When started the business? I began the business in 2011, and almost tried several projects, but a nearly two years I settled on the fat and wood Oud and perfumes with different types try to add as well as activity such as clothes, shoes and others door diversification and win customers, but with Omanisation law and calculate expenses and salary Omani employee with the number of working hours and the system of leave and decided to change the plan links and delete activity clothing and perfume only run activity and the piece has already been almost seven months ago and praise be to Allah. 3-Why you establish this business? I chose this project to my sense that I could invent and creative in this area with enjoy. 4-Are there any competitors for your business in same location? I don’t find any competitor in same draft area. But however, including...
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...are illegal in many countries including Albania, Australia,[3][4] Austria,[5] Brazil, Canada, China,[6] Colombia,[7] Denmark, the Dominican Republic,[8] Estonia,[9] France, Germany, Hong Kong,[10] Hungary, Iceland, Iran,[11] Italy,[12] Japan,[13] Malaysia, Mexico, Nepal, the Netherlands,[14] New Zealand,[15] Norway,[16] the Philippines,[17] Poland, Portugal, Romania,[18] Russian Federation, South Africa,[19] Spain, Sri Lanka,[20] Sweden,[21] Switzerland, Taiwan, Thailand,[22] Turkey,[23] Ukraine,[24] the United Kingdom, and the United States.[25] * These types of schemes have existed for at least a century, some with variations to hide their true nature. Multilevel marketing plans have also been classified as pyramid schemes.[26][27][28][29] II. What is Multi-Level-Marketing? * Multi-Level Marketing really isn’t something that is bad. Some MLM companies have given the home business industry a bad name. Many companies will tell their associates to only take care of those that chose to be associates with the company and not just customers * Associate based companies will never survive and in a way they are more of a illegal pyramid company. The reason I say this is most companies only make money when they sale their products to consumers and not to the associate. * Consumers are what real honest companies focus on. Think about it …If you take a 100 percent of a companies earnings and break it down * You will realize that only 20% are sales associates...
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...Task 1 1. Marketing Strategy Colloquy Grog Shop's strategy will be based on communicating Grog Shop's value to the targeted segments. This will be done through a variety of methods. The first method will be strategically placed advertisements. One place that will be used for advertisements is the Willamette Weekly, the liberal arts magazine that details all of the entertainment in Portland. This will be the main source of advertisements because the demographics of their readership are fairly similar to Colloquy Grog Shop's demographics. Another source of marketing will be done with strategic relationships with companies that have similar customer demographics. One prime example is the Multnomah Athletic Club. While the club's patrons are not necessarily overwhelmingly single, the rest of the demographics match up. The MAC is a fairly exclusive downtown athletic club that by virtue of the membership costs, attracts professionals. The strategic relationship with be mutually beneficial where both organizations will develop visibility for each other. 2. The Reports Colloquy Grog Shop's stake holder relation introduction as market leader in the retailer coffee industry. As public opinion and compare with another giant company Colloquy Grog Shop's must threat our supplier and distributor very well as they our important stakeholder. Marketing Objectives * Develop brand awareness through a steady, month to month increase of new customers. * Develop an increase...
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...its part by keeping shareholders posted on the company’s status, and consider any recommendations they should have to improve business relations. Employee Recognition Program Formulate an employee recognition program that will reward high-performing Auction-Off.com employees. Suggest individual, team, and company-based recognition methods. Explain why you created the program you did, and how you think it will benefit Auction-Off.com and its employees. Program Description: Each department should be evaluated to see its greatest needs of recognition. For individual recognition praise something the employee has done well, identifying the specific actions found admirable; regularly say “thank you”. Teams need to be recognized together as well. Have team meetings that unite their success, and highlight key areas that department has been doing well in. Show statistics and facts to back up praise. This should be done on a monthly or quarterly time period. Offer fun snacks and drinks at these departmental gatherings. For company based recognition, have a yearly party. Have the employees recognize each...
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...This element of the marketing mix looks at the systems used to deliver the service. Imagine you walk into Burger King and order a Meal and you get it delivered within 2 minutes. What was the process that allowed you to obtain an efficient service delivery? Banks that send out Credit Cards automatically when their customer’s old one has expired again require an efficient process to identify expiry dates and renewal. An efficient service that replaces old credit cards will foster consumer loyalty and confidence in the company. All services need to be underpinned by clearly defined and efficient processes. This will avoid confusion and promote a consistent service. In other words processes mean that everybody knows what to do and how to do it. This element of the marketing mix looks at the systems used to deliver the service. Imagine you walk into Burger King and order a Meal and you get it delivered within 2 minutes. What was the process that allowed you to obtain an efficient service delivery? Banks that send out Credit Cards automatically when their customer’s old one has expired again require an efficient process to identify expiry dates and renewal. An efficient service that replaces old credit cards will foster consumer loyalty and confidence in the company. All services need to be underpinned by clearly defined and efficient processes. This will avoid confusion and promote a consistent service. In other words processes mean that everybody knows what to do and how to do it...
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...Taiwan’s Biotechnology Industry Taiwan’s Biotechnology Industry With the IT industry increasingly moving to China, the biotechnology industry has been cited as a potential driver for the next stage of Taiwan's economic evolution. Yet while its credentials are strong, it should not be expected that the Research & Development (R&D) heavy industry to start making positive figures in GDP accounts anytime soon. However, there is potential for society with the biotechnology industry. For example, in the development of cheaper medicines and food sources that benefit continents, biotechnology could perhaps outstrip even IT in changing the way the world works. Biotechnology also holds interest for more than simply the altruistic-minded, as it is an industry that has demonstrated a potential to make people very wealthy. Taking the United States as an example, the period between 1993 and 2001 demonstrated biotechnology revenues leap from US$8.1 billion to US$25 billion, according to the Biotechnology Industry Association.[i] And there is little reason to think that this trend will slow any time soon. Thus there is not much to question as to why the biotechnology world has lately attracted so much attention in Taiwan. With the early drivers of Taiwan's "second economic miracle" in the IT industry rapidly relocating to low-cost China, the search for a high value-added replacement has been intense.[ii] Given the numbers, biotechnology is a very attractive choice; as stated...
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...Published online: 1 August 2007 # Academy of Marketing Science 2007 Abstract Since the introductory article for what has become known as the “service-dominant (S-D) logic of marketing,” “Evolving to a New Dominant Logic for Marketing,” was published in the Journal of Marketing (Vargo, S. L., & Lusch, R. F. (2004a)), there has been considerable discussion and elaboration of its specifics. This article highlights and clarifies the salient issues associated with S-D logic and updates the original foundational premises (FPs) and adds an FP. Directions for future work are also discussed. Keywords Service-dominant logic . New-dominant logic . Service Introduction In the few years since we published the first article on what has become known as “service-dominant (S-D) logic,” “Evolving to a New Dominant Logic for Marketing” (Vargo and Lusch 2004a), there has been substantial concurrence, debate, dialog, and inquiry. These varied responses began with the seven commentaries invited by Ruth Bolton (2004), the Journal of Marketing editor who published the article. Additionally, in the publication of The Service-Dominant Logic of Marketing: Dialog, Debate and Directions (Lusch and Vargo 2006b), 50 well-recognized scholars reacted and responded to and elaborated S-D logic. The reactions and elaborations continued in the Otago Forum on Service- Dominant Logic held in New Zealand during November 2005 and the special issue of Marketing Theory (Aitken et al. 2006) that resulted...
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...A STUDY ON CONTEMPARORY MARKETING IN FMCG INDUSTRIES Chapter - 1 Objective: The main objective of taken this topic is that to find out the current marketing strategies adopted by the fmcg industries and that strategies exist only in short time period and very creatively attract to the customer. So to find out how to fmcg industries advertise their product with the help of contemporary concept. INTRODUCTION OF THE TOPIC: The word contemporary means the way to advertise your product in very innovative or creative way that customer can easily aware about the product and that strategy to advertise your product that exist short time period. Outdoor advertision: Out-of-home advertising (or outdoor advertising) is made up of more than 100 different formats, totaling $6.99 billion in annual revenues in 2008 in the USA.[1] Outdoor advertising is essentially any type of advertising that reaches the consumer while he or she is outside the home. This is in contrast with broadcast, print, and Internet advertising. Out of home advertising, therefore, is focused on marketing to consumers when they are "on the go" in public places, in transit, waiting (such as in a medical office), and/or in specific commercial locations (such as in a retail venue). Outdoor advertising formats fall into four main categories: billboards, street furniture, transit, and alternative. Social advertising: Social marketing is the systematic application of marketing, along with other concepts and techniques...
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...Danielle Fields |Objective |My objective is to become a successful marketer, and also a small business owner. In the process of | | |doing so I want to be well prepared and capable of dealing with all types of customers, know my | | |target audience, proficient in designing business and marketing plans for the business or company I | | |work for. This will allow me to be able to teach the everyday basic of marketing and relate it to the| | |real world. I want to be able to communicate and have others understand the general management and | | |marketing to be able to job done successfully. Most of all I want to be able to give some form of | | |education to the youth in the community so that they can own, run, or become a successful business | | |person. | |Experience |2004-2005 Marie’s Little Angel Daycare Center | | |North Chicago IL, 60064 | | |Teacher for school ages of 3-5 and 7-11 ...
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...INSTANT CAFé Mission Instant Café's mission is to provide a neighborhood bar/coffee shop where single people can meet. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers. Marketing Objectives * Develop brand awareness through a steady, month to month increase of new customers. * Develop an increase in sales while achieving a status quo state or decrease in marketing expenses. * Develop awareness of the structured conversation system measured by customers coming to Instant Café solely for meeting people. Financial Objectives * A double digit growth rate for each future year. * Reduce the variable costs through efficiency gains. * Reach profitability within the first year. Strategies The single objective is to position the Instant Café as the premier place for young professional singles to meet like-minded individuals. The marketing strategy will seek to first create customer awareness regarding their services offered, develop that customer base, and work toward building customer loyalty and referrals. The message Instant Café will seek to communicate is that The Instant Café is THE place to meet intelligent singles. This message will be communicated through a variety of methods. The first method will be advertisements. The other form of advertising will be using "grassroots" methods where customers will be given coupons for their friends...
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...LET1 Task 317.1.5-10, 11 Craig Bailey ( 000217808 ) Western Governors University Section A of this task asks to describe each of the 5 bases of power from the given scenario supported by examples. It should be noted that the 5 bases are split into to 2 primary power base types. Legitimacy, Reward and Coercive all belong in the Formal power type. The second power type is Personal power. The Expert and Referent bases fall into this category. Each power base is described below. 1. Reward is where a person expects a positive response to an action performed. The response can be praise, time off, monetary, or anything else the person values as a reward. In our scenario the manager is offering the prospect of a yearly bonus through a superior rating for those who work more than 40 hours per week. Employee 1 values that reward and puts forth the effort in hopes that his or her performance will meet the goal of a superior rating. 2. The second base of power to discuss is Legitimacy. Employee 1's manager has reminded the subordinates of the yearly bonus and Employee 1 acknowledges that if he or she wants to get the bonus and go on a vacation, he or she must follow the recommendation by the manager to work additional hours in the hope that he or she will obtain a superior rating from the manager. Additionally, Employee 3 received legitimacy from being selected to lead the sales team on his or her project to increase sales. 3. The third base of power is Coercive. Employee 2 has...
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...With the right marketing plan, Organics has many opportunities for establishing a solid position in the current marketplace of local restaurants. There are a number of potential new customers throughout the metro area. Some customers are ready for a new type of restaurant and others are tired of the same old choices and yet others want the healthy choices that we can provide when dining out. This objective will be accomplished by providing strong advertising and promotion support, on a sustained basis designed to generate consumer awareness and demand for the restaurant. A formal desktop presentation will be used to generate new customers. This powerful presentation will tell the story of Organics and praise the benefits of healthy food over television monitors hung throughout the restaurant. To create and maintain, over the next five years, a highly profitable health food restaurant is the next objective that centers on the goal of obtaining a significant share of the market for healthy, organic, lunchtime restaurants. Personnel management is general the most time consuming task of the business. You must give the people a sense of fulfillment and belonging. Additionally, there are the issues of evaluation, compensation, discipline, and benefits. To communicate your vision you must be clear on the direction and tell them where they fit into the plan. In order for people to have a sense of self-worth, they need to know what they must do to be acceptable. They can then...
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...SBI PO 2013 Essays, Letter Writing, Paragraph Writing, Precise Writing Essays: Write an essay on any one of the following topics in approximately 250 words. * Women Entrepreneurs in India. * Importance of Investment. * Essay on SME. * Banks play a vital role in day to day life. * Entrance Exam – An evil. * Pros n cons of winning lottery. * Women Bill. * Women security at the workplace a deep concern. * Inclusive growth. * Cottage Industries. * Socialism. * Blessings of science. * Dowry deaths. * My Motherland. * Banks are manufacture of money. * Features of economic recession. * A day when everything went wrong. * The risks of trading at the stock market. * The impact of interest rate changes on the economy. * Responsibility of media in moulding public opinion. Letter Writing: Write a Letter in about 150 words on any one of the following: * Letter to your sibling advising him/her to prepare for a competitive exam. * Writing a job offer acceptance letter for the post of Assistant Manager. * Complaint to CEO regarding the extra work in office. * Letter to sibling for telling benefits for future of money saving. * Letter to bank manager requesting to extend the joining period as you have received the offer letter for the bank job. * Write a letter to the Editor, the Hindu, expressing your deep concern on the impact of adult graded cinemas on young minds. * Write a...
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