ipl-logo

Marketing Reflection Paper

722 Words3 Pages

10- Conclusions and Recommendations
The author discussed his learning related to 'Marketing Perspectives' module and integrate his knowledge to improve his skills and create unique strategies for his personal career. Indeed, during the module, the author has realised the vital role of understanding and implementing marketing practices that will assist him to achieve substantial outcomes for his career. To achieve his targets, the author plans to incorporate his learning and find out the adequate strategies that he must follow to improve his decision-making capabilities. Thus, the author seeks to explore effective ways of analysing and using marketing information for adequate decision making and enhancing the efficiency of his business.
Also, …show more content…

Hence, in his future career the author aims to enhance his insight regarding the role of branding in relationship with purchasing behaviours. Therefore, in his future marketing and management practices, the author plans to position customers to the centre of brand image in order to achieve customer trust and advocacy as well as expand brand's message to other …show more content…

Since the 'Marketing Perspectives' module has started, the author's understanding of marketing framework has been changed significantly. Now, the author is aware about stakeholders engagement, co-creation of value, service-dominant logic (SDL), holistic marketing concept, market segmentation variables, customer advocacy, positive word-of-mouth, evaluating marketing information, the role of branding in relationship with purchasing behaviours, 4Ps of marketing mix, new paradigms of marketing mix, relationship marketing, as well as using adequate marketing research and analysis methods, understanding differences related to purchasing behaviours in B2C and B2B markets, realising the role of ethics and CSR in the marketing practices, and developing effective marketing

Show More
Related
873 Words | 4 Pages

NASCAR Background: NASCAR stands for the National Association for Stock Car Auto Racing. NASCAR was founded in 1948 by Bill France Sr. Bill France Sr was a mechanic at the time. NASCAR’s first event was held at Dayton Beach in 1948 and that’s where NASCAR’s headquarters are now. NASCAR hosts races all over the United States, Mexico, and Canada.

Read More
459 Words | 2 Pages

However,

Read More
1303 Words | 6 Pages

Moreover

Read More
1809 Words | 8 Pages

Because of this, B2B marketers need to focus on building a relationship with its business prospects and taking into account the buyer's specific

Read More
204 Words | 1 Pages

Nevertheless,

Read More
1044 Words | 5 Pages

Introduction Every business organization is using a marketing concept which is used as a tool to identify customer’s needs. And further try to meet them by making right decisions in line with customer’s needs. In line with meeting customer’s needs the ultimate goal of every business is to gain profit. That’s why they make use of different marketing strategies to meet not only the need of the customer but as well as the goal of the company. We know for a fact that marketing strategies comprises everything from developing a product, to introducing it to the market, to selling and improving it as the need of the target market changes.

Read More
1614 Words | 7 Pages

In terms of controlling, the management of Marks and Spencer has frequent reporting of expenditures with costs to provide a form of feedback. The reactions of managers to such type of data rely on the expectations or the formal budget or planned targets. The management believes in collecting and assigning cost data that is being shifted away from control. There is a recognition related to the repetitive exercise of planning and re-planning for creating a full time job for accountants. The assessment and evaluation of cost data in the aspects of launching new product by Marks and Spencer is about gaining insights and learning ways for achieving the goals of organisation in most effective manner.

Read More
966 Words | 4 Pages

Conclusion Brand image and brand loyalty is the most important deterrent of the brand equity that affects consumer perceptions in the market, and at the same time the impact of brand equity, it’s a set of beliefs play an important role in the decision-making process of the buyer when customers evaluate alternative brands. If a brand stick to some strategies and never change it, it will lose their loyal customers because customers trying to finding the best for them no matter what and people do care about high quality with affordable

Read More
1839 Words | 8 Pages

As described above, the main purpose for the article written by both authors is to introduce and makes further discussion and argument on how sustainable marketing create values and importance in the consumers perception and its society. According to this article, the writer argues that there is a new era which is emerging and he is referring to this era as Marketing 3.0 (Jones, Peter, et al. 125). In this era, marketing is a value driven process where people are not viewed as target consumers based on demographic factors. Instead, they are considered as intelligent and thoughtful partners who have emotions, spiritual values and feelings.

Read More
3178 Words | 13 Pages

Marketing communications are known as the most visible aspect of the marketing mix that helps to enhance the brand awarness of the company. In order to prosper in the long term, any company needs to develop an effective marketing campaign to maintain the interest of the existing customers as well as to attract the potential buyers (Cai & Huang, 2011). Mass marketing is highly effective tool to catch the attention of the million buyers, however it will not help to construct the relationships with them. Therefore, the more personal communications needed, such as direct marketing, to understand the consumer’s needs. However, the integration of communication tools helps to overcome both challenges, as the mix helps to create the brand awarness

Read More
747 Words | 3 Pages

In order for a business to find out their customers interests and thoughts about their business, they carry out the appropriate marketing research to ensure that the business has 100% customer satisfaction. In relation to Kellogg’s, they have carried out a number of market research, which has ultimately led them to becoming the leading cereal brand. The company has developed a range of products for the segments within this market, targeted at all age groups over three years old. This includes 39 brands of cereals as well as different types of cereal bars. Consumers of cereal products perceive Kellogg 's to be a high quality manufacturer.

Read More
2155 Words | 9 Pages

CASE STUDY HINDUSTAN UNILEVER- TRANSFORMING A BRAND INTO A SOCIALLY RESPONSIBLE LEADER. 6/30/2015 Amity International Business School Aditya Agarwal A1802014167 Faculty Guide- Dr. Kokil Jain Industry Guide-

Read More
1157 Words | 5 Pages

Brands are complex offerings that are conceived by organisations but ultimately resides in the consumers mind (De Chernatony, 2010). A brand thus signals to the customers the source of the products and services and protects both the competitor who would attempt to provide products and services that appear similar or identical (Aaker, 2004). Brands provides the basis upon which consumer can identify and bond with a product or service or group of products and services (Weilbacher, 1995). A brand is a specific uniqueness associated with a product or services that enables the consumers connect with it by easy identification through the name, slogan, design, logo, symbols, etc. of the organisation that produces the products or

Read More
1141 Words | 5 Pages

Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.

Read More
917 Words | 4 Pages

First, from the beginning of the classes I was able to design and implement marketing/business strategies in particular areas only. After that, I am able to create long-term and mutually beneficial exchange relationships between an entity and the publics with it interact. Moreover, the strategic marketing analysis & planning process such as internal & external situation assessment, strategy formulation, positioning and marketing mix were taught during lessons in detail that integrated my marketing knowledge. And as a result I also became aware with a range of new issue of marketing management and the marketing tactics in particular that were resulted from the product and branding strategy. I found strategic marketing analysis and planning of this project more challenging than

Read More

More about Marketing Reflection Paper

Related Topics

Open Document