...They're peacocks …all show; no real substance. They look good; people like to watch; but they serve no useful purpose. Irish setters… very good looking dogs. But not very intelligent at all. They've no real knowledge.1 On the other hand, there is an argument that marketing is a source of competitive ability, economic growth, and wealth creation. A fundamental question that we should be asking is: If governments can no longer fix world markets, nor guarantee national market shares, who decides what the standards of quality, service and value are? Who decides who wins and loses? The answer is obvious: the customer. When we talk about new world competitive order it becomes obvious that customer choice, preference and demand are its exclusive driving forces. What we have come to call 'customer science' is pivotal. That, of course, is marketing. Marketing is, above all, a philosophy enshrining a long-term commitment to customer satisfaction and the deployment of a set of intense skills to achieve it. By definition, therefore, marketing is the key to profitable growth and must form part and parcel of every business operation.2 Therefore you can see that this latter perspective is based on the belief that marketing can provide a better understanding and assessment of the marketplace, including customers and competitive behaviour. When undertaking your reading for this topic, keep in mind that the aims and objectives adopted by firms may lack sufficient attention to innovative...
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...Marketing in Business assignment 2013 Cleanse PLC New Product Development Assumptions As the information given by Cleanse PLC is not enough, here are some assumptions. 1. Cleanse PLC’s competitors are local companies in Turkey. 2. Assume that the “Wonder Wash powder” was not selling well because the product did not fulfill the target market (Turkey)’s needs and cultural. Introduction and Background Cleanse PLC is a major producer of domestic washing powders and other domestic cleaning products since 1901. It is based in Manchester in the United Kingdom. The company have been produced a lots of products under well-known domestic brand names. The company owns four production plants in the United Kingdom, each of them specializing in particular products and brands, and to satisfy the growing demands for their products across Europe. The company also has a production plant in Genoa, Italy. The European Board members of Cleanse PLC have invested many millions of Euros into the Turkish production plant for construction and operation. Cleanse PLC has recently acquired an additional production plant located in Istanbul, Turkey. The company did this in an attempt to tap into the growing demand for domestic washing products in Turkey and its surrounding countries. Cleanse PLC’s Turkish production facility mostly produces washing powder with other Cleanse PLC products. The branded washing powder ‘Wonder-Wash’ was not selling well in...
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...Marketing Plan McBride Financial Services is a regional mortgage lender that will specialize in FHA, and VA loans for people to either buy a home or refinance their current home. The company has its headquarters located in Boise, Idaho and the company is also looking to expand into the areas of Wyoming, Montana, North Dakota and South Dakota. McBride offers a one price for all primary services that include a credit report, mortgage, inspection, and appraisal for a fixed price of $1,500 dollars. The mission of McBride Financial Services is to provide low cost mortgage services using state of the art technology in these five states. In the first six months, McBride wants to break-even financially and become a profitable company within one year. For McBride to succeed with the mission and its company goals, the company will need a successful marketing plan. Research In order for McBride to have a successful marketing plan it will have to start off with a little research into the areas around each section of the business. "Lenski says some clients find their niche first by focusing on the areas in which they already have a strong interest, or by looking at markets that already know about you and your services. Then, look for areas of the marketplace where a gaping need exists that you can fill with your company's services(Donnelly, 2011)." One thing that McBride will have to research into is information on the supply and demand for housing in the locations. Following the...
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...Did Samsung's Marketing Strategy in The Consumer Electronics Industry Assist in Its Development in China And America since 2000 ? The statements:This essay mainly designs a research proposal to studies the effect of Samsung's marketing strategy in the consumer electronics industry on its development in American and China since 2000. Introduction Samsung is one of the biggest enterprises in Korea. Though several decades of development, Samsung has rapidly expanded to become one of the largest companies in the consumer electronics industry. The marketing strategy is a process of creation and transmission of value (Lanning & Michaels, 1988). The marketing strategy has a great influence on the promotion of the product and the development of the enterprise. America and Chia are the largest and the second larger oversee market of Samsung respectively. Literature Review 1.1 External environment Macro environment is important for the development of enterprises. When the market strategy adapts to the macro environment, the enterprise generally develops rapidly. PEST model is usually used to analyze external environment of enterprise (CIPD, 2009). 1.2 The analysis of marketing strategy 4P theory is the core of the traditional marketing, whose essence is to better control the Marketing behavior (McCarthy, 1964). 4P theory will be used to analyze the marketing strategy of Samsung. Combined 4P theory with PEST model to analyze whether the marketing strategy of Samsung...
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...Corporate Social Responsibility Role of Organization in the Community One of the core values of most organizations is community development. This is because most organizations are built around a certain community for the purpose of proximity to customers and marketing intentions. However, organizations are required to understand and recognize the type of surrounding community, its basic values, and principles and by what means they may correlate with the organization’s setting. Google, engages, empowers and benefits the community with the general aim of improving the quality of life and contributing to the community development. Below are the specific roles Google plays in the surrounding community. The organization enhances natural capacities and develops networks. A community may have a variety of sources of strength; for instance, social support systems, informal networks and talented and helpful individuals. Thus, the firm often works with such community’s assets towards acquiring mutual benefits. Correspondingly, the organization creates awareness on certain social issues and creates communication links among the people in the community. Another role the organization plays is providing jobs to the residents. The provision of employment to the citizens of the population results in building of partnerships with the society, which leads to conjoint support. Patil (2012) suggests that one of the objectives of community organizations is “to develop public...
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...COMPANY Case Bahrain Bay: Building Customer Relations for the Future Bahrain Bay Development is a joint venture between Arcapita Bank and a Bahrain-based investment group. It is a $2.5 billion development off the northeast coast of Manama in the Kingdom of Bahrain that included creating a entire island. The project will be a mix of commercial, residential, and retail units. All of the construction will be set around the Manama waterfront. The centerpiece of the project will be Bahrain’s first Four Seasons hotel. Bahrain Bay got underway in 2006 with a land reclamation extending to 430,000m2. The global headquarters of Arcapita and the new hotel were due to be completed in 2008. Phase Three of the operation will involve the construction of residential, commercial, and retail units. The whole project, due for completion in 2010 will cover an area of some 1.1 million m2. The architectural and engineering firm Skidmore, Owings & Merrill designed the ultra modern site. In 2005, when the project had been given final approval, Atif A. Abdulmalik, the CEO of Arcapita, sai, “Just five months from the initial announcement of this project, the preparatory stages for design and planning considerations have progressed very well and Bahrain Bay BSC is able to launch Bahrain Bay ahead of schedule. A month from now, site work will commence on what we believe will be an outstanding addition to the Kingdom of Bahrain, as befits its place as a regional center for banking and finance. With...
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...“All men dream, but not equally. Those who dream by night in the dusty recesses of their mind, awake to find that it was vanity; but the dreamers by day are dangerous men, for they may act their dreams with open eyes, to make it possible.” These words from British Army Officer, T.E Lawrence, have guided the creation of my own personal mantra: “Live your dreams with open eyes”. This mantra has been affirmed in my life as it drives me to actively pursue my passions – and there are many - with fervour and an undaunted determination. When one door closes, a mere crack of a window is enough to encourage me towards my goals, whether they be emotional, physical, academic or spiritual. I have always been told that I am an anomaly. Though I am artistic by nature with a natural talent for singing, writing and the visual arts, I always had a love for the sciences, specifically medicine. This love affair grew from watching the many medical dramas which drew me into ‘diagnosing’ and taking care of relatives, tending to sick pets, even nursing a plant back to health. As I grew older and began to see the world from a more mature perspective, I realized that I what I really wanted to do was help. Help people, animals – anyone and anything that suffered in some way. Sadly or perhaps decidedly, I was not able to pursue medicine due to financial circumstances. Instead, I pursued an undergraduate degree in Environmental Science. This honed...
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...be able to: ➤ Understand the motives for internationalization. ➤ Apply the theories underpinning the internationalization process. ➤ Explain the Psychic Distance and Born Global concepts. 5 ➤ Advise a multinational firm on choosing an appropriate entry mode for internationalization. ➤ Advise a multinational firm on de-internationalization. 148 Global strategic development Opening case study Internationalization of a French retailer—Carrefour In 1960, Carrefour opened its first supermarket in France. In 1963, Carrefour invented a new store concept—the hypermarket. The hypermarket concept was novel, and revolutionized the way French people did their shopping. It moved daily shopping from small stores to enormous stores where customers find everything they want under one roof, in addition to selfservice, discount price, and free parking space. The first Carrefour hypermarket store was established at the intersection of five roads—hence the name, Carrefour, which means ‘crossroads’. Carrefour is the leading retailer in Europe and the second largest worldwide, with Exhibit A International development of Carrefour Year Country and mode of entry No. of stores (2009) 1969 1973 1975 1982 1989 1991 1993 1993 1994 1995 1996 1997 1997 1998 1998 2000 Belgium—Carrefour’s first hypermarket outside France Spain Brazil—Carrefour’s first hypermarket in the Americas Argentina Taiwan—Carrefour’s first hypermarket in Asia Greece Italy Turkey Malaysia China Thailand Poland Singapore Colombia...
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...growth rate of 142% with its last revenue quota return of $11.7 million. Currently it has 36 employees managing its administrative affairs and providing its services to the clients in the advertising and marketing industry, which includes executing a large-scale transit-based promotional campaigns, such as repainting taxicabs in client colors and logos and offering 99% rides all day, with arrange of clients such as Verizon, Ray-Ban, Louis Vuitton, Vitamin water, and Microsoft’s Bing.com. in Los Angeles. To get the information from Show media Inc. HRD officer regarding the field, I scheduled a meeting with one MR. JON LAU who is C.T.O (Chief Training Officer) and HRD officer, at his office in Los Angeles 1100 Glendon Avenue. Suite #PH9- Los Angeles CA 90024 on 12 October 10 am morning hours and luckily enough the appointment was approved and I conducted a successful interview which was a great experience to me. His contact information is jon_lau@showmedia.com other than the physical address provided above. According to Show Media CTO Mr. Lau there are key areas that influences the success of HRD practitioners, the influence comes both from the organization and also at personal level, they include: a practitioner understanding the core business of the organization, development needs direction and HRD practitioners acts as directors in the whole process thereby demanded to know and give direction in accordance to organizational goals and objectives. To lead, direct and eventually...
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...excavators, cement trucks, and earth movers. Although Globe Diesel operates ten manufactures located throughout the United States, the challenging task of managing multiple activities in the production of construction machinery could prove to be troublesome, not to mention that machinery of this size and magnitude are costly to produce. These factors were influential in Globe Diesel’s decision to outsource the activity of steel production through foreign direct investments with China. This foreign entry will provide employment, balance of payment, and profits for the company. Multinational Enterprise Business Plan Globe Diesel is a multinational enterprise that engages in a large variety of activities that include; the Research, Development,...
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...Jamaica. It finally came in 1962 v With the introduction of independence, slavery became abolished and moved the history of Jamaica forward. With the introduction of independence, there was a new regime led by Nelson Manley. The political party he belonged to crafted a social development agenda to respond to the bondage of post colonial life. v In the course of pursing the new policy of independence, the government was permitted to channel industrial investment into those areas of the economy that needs social development. The government relied on direct foreign investment. This involvement with foreign actors earned Jamaica with most of its foreign exchange earnings. With this, Jamaica became the largest exporter of mineral to North America and Canada. Even as they were exporters, Jamaicans didn’t benefit from their natural resources. The only way they benefitted from this was the little tax paid to the government and the wages to the working class and maybe some tips to the workers on the plantation. v This made the value of what they exported to be low hence be described as cheap labour. This was nothing compared to the amount of things they exported v The Manley Lewis approach to development was followed by most of the commonly colonized...
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...CURRICULUM VITAE (CV) FOR PROFESSIONAL STAFF 1. Name: Golam Morshed Specialized Area : Communication & Media Specialist 2. Date of Birth: 20 October, 1973 Nationality: Bangladeshi 3. Education: • From: 2000 To: 2002 MBA in Major Marketing from American International University of Bangladesh (AIUB), Dhaka • From: 1992 To: 1996 Honors (Major in Management) from National University, Bangladesh • From: 1989 To: 1991 Higher Secondary Class (Commerce) for Dhaka City College, Bangladesh 4. Adress: Apt C1, House 4KA, Road 13, Dhanmondi, Dhaka 5. Contact: Mob: 01199809173, Res: 8144598, email: gmorshed1973@hotmail.com 6. Countries of Work Experience: N/A 7. Language: Good in Speaking, Reading and Writing both in English and Bengali. 8. Employment Record • From: 2010 March To: Present Public Relation & Event Management Specialist Developing communication strategy and implementing those messages to media, stake holders, developers etc under “Strenghting Public Expenditure Management Program (SPEMP) under World bank. Beside, manage the events to support the objective. • From: 2008 To: 2009 Dec Head of PRCU, BMB Mott MacDonald In charge for the Public Relation Communication Unit (PRCU) for BICF (Bangladesh...
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...Managing in International Economies Individual assignment Submitted by Student Name: SHI YONGQIANG Annotated Bibliographies 1. Christina Öberg , (2014),"Customer relationship challenges following international acquisitions", International Marketing Review, Vol. 31 Iss 3 pp. 259 - 282 2. Rajah Rasiah Peter Gammeltoft Yang Jiang, (2010),"Home government policies for outward FDI from emerging economies: lessons from Asia", International Journal of Emerging Markets, Vol. 5 Iss 3/4 pp. 333- 357 3. Hamid Yeganeh, (2011),"Culture and international trade: evidence from Canada", International Journal of Commerce and Management, Vol. 21 Iss 4 pp. 381 – 393 Table of Content Annotated Bibliographies 2 1.0 Customer relationship challenges following international acquisitions 5 1.1Citation 5 1.2 Introduction 5 1.3Aims and Research methodology 5 1.4 Scope – Analysis, Findings and Results 6 1.5 Usefulness 6 1.6 Limitation 7 1.7 Challenges and Critiques 7 1.8 Conclusion 8 1.9 Reflection 8 2.0 Home government policies for outward FDI from emerging economies: lessons from Asia 9 2.1 Citation 9 2.2 Introduction 9 2.3 Aims and Research Methods 9 2.4 Scope – Analysis, Findings and Results 10 2.5 Usefulness 10 2.6 Limitation 11 2.7 Critiques and Challenges 11 2.8 Conclusion 11 2.9 Reflection 12 3.0 Culture and international trade: evidence from Canada 13 3.1 Citation 13 3.2 Introduction 13 3.3 Aims and Research Methods 13 3.4...
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...Aid and Foreign Investment Financial flows to developing countries take two main forms—aid that comes from foreign governments, often called official development assistance, and investment from foreign private companies, known as private capital flows. Official Development Assistance After World War II and until the early 1990s, the main source of external finance for developing countries was official development assistance provided by the governments of high-income countries in the form of food aid, emergency relief, technical assistance, peacekeeping efforts, and financing for construction projects. Donor countries are motivated by the desire to support their political allies and trade partners, to expand the markets for their exports, and to reduce poverty and military conflicts threatening international security. After the breakup of the Soviet Union, former centrally planned economies also started to receive official assistance, aimed primarily at supporting market reforms. Table 14.1 shows the amounts of net official assistance provided to developing and transition countries by the member countries of the Organisation for Economic Co- operation and Development (OECD) in 1996. On average, the donor countries in Table 14.1 spend about one-third of 1 percent of their combined gross domestic product (GDP) on official development assistance. Use Table 14.1 and Data Table 1 to calculate which countries spend larger and smaller shares of their GDP on such assistance. Official assistance...
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...Frederick W. Smith. Please respond to the following: Discuss the process of identifying market needs. Frederick Smith quickly identified market needs when he noticed that companies were becoming more technical with the use of computers. He formulated that if companies would use his overnight aircraft delivery service it would cut down cost on warehouse storage and get their products to their destinations in a timely manner. His idea came to past again when he took interest in how hard it was to get parts to a Little Rock, Arkansas, aircraft modification and overhaul shop. What makes new venture creation difficult? In the situation of Fredrick Smith with his new venture creation difficulties, first began with OPEC causing a massive inflation of fuel costs at the beginning of his new venture, which he did not anticipate. New venture creations can stop you dead in your tracks just as with Mr. Smith, just when his company’s volume of package shipping increased, he then was faced with intolerable airline regulations restricting the company to only fly tiny Falcon jets. Mr. Smith also encountered financial failure where his investors were not willing to keep the business afloat and family members were suing him for the mismanagement of the family fortune. By 1973, Smith was so desperate for cash that he flew to Las Vegas to play the blackjack tables. He wired the $27,000 he won back to FedEx. (Foust, 2004) After all of the highs and lows Mr. Smith never...
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