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I need to write a summary of an article on a company’s marketing strategy for a class. It can be any company I want. My problem is I can seem to find any good articles. Does any one have any ideas where I can find one?
Answer
You don’t really find too many articles on ‘marketing strategies’ unless it’s by chance and it’s briefly stated since most of it is part of trade secrets anyway.
To do your project, first get a clear definition of what marketing actually is. A lot people think it’s just selling but it goes way beyond that. Basically, you can just simplify and that there are the “5 P’s” to remember:
Product – What are they selling?
Place – Where will they distribute?
Promotion – How you communicate your features and benefits to your customers and getting it out.
People – The value your people bring to your customers
Price – How much to make a decent profit?
With those questions in mind it gives you a solid idea of what it is. My apologies if you already know. i’m assuming you don’t since most people are clueless.
What you can do next is find a website of a company that interests you and simply figure out the answers as a that will spell it out for you anyway. Don’t make it a dull Question & Answer report of what I just wrote either. You need to grasp what it means and write in your own words what the main points are in your research. Put some heart into it. I’ll even give you a sample:
Lets say, Walmart’s marketing strategy. They sell every household item you could think of that people need at a very low cost. Thats how they appeal to people. They are able to do that thru cheap labor in China which workers there earn less than $3 per day. Without China’s slave labor (or anybody else’s), Walmart’s current lucrative money making system would not be possible.
From overseas, vessels arrive daily with thousands of containers of products to be picked up and distributed to the warehouses which are enormous in size, about the length of 3-4 city blocks long and a football field or two, wide. Planners create work orders for the warehouse workers to load up trailers with specific items needed that are automatically updated in the computer instantly (after a cashier scans a purchased item that goes thru their network) then full trailers are delivered out to their locations on schedule.
One good incentive to buying from them is you are constantly getting new products and name brands since even the store manager doesn’t know what they’re getting ever.
Walmart promotes themselves thru the radio, tv, newspaper, and the internet ad + website. (walmart.com) and junk mailers.
The workers are people of all walks of life ranging from young teens to senior citizens and disabled. Workers are not customer service oriented, don’t like to be bothered and lack training & skills with proper etiquette but that’s the trade off if you want low prices. Prices vary as low as pennies on the dollar to picking a flat screen tv for $1500
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For my business coursework i need to know what are the negative aspects for Coca Cola of being the number 1 brand in the world. I have no idea what i can write so i need help guys
thanks alot in advance
!
10 points for best answer lol
Answer
Thanks for motivating.
The negatives can be – coca cola now to retain the no.1 position has to satisfy customer needs and wants in toto which i think is an impossible task under the sun. A customer’s desires are endless. Now to keep on that high demand they have to be liberal with the price which again means less profit margin.
As customers have now built high expectation from this company, so its a pressure on the company to live up to their expectations and when expectations are not fulfilled, it hurts the most. Poor performance can hurt its customers.
Being the no.1 brand, it is a target of the companies like Pepsi, Thumps up . Coca cola has no idea what the competitors are up to and they must be busy formulating counter strategies which can be a real head ache for Coca Cola.
hope this helps.
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So this is my first year playing lacrosse. Im a freshman in high school and my school has a no cut policy so ill be on jv. What gear do i need? any brand suggestions? and what position should i play? Im 5’1″, 120 lbs and i have bad endurance (my mile time is 11 minutes). I played catcher in softball if that helps, and currently im a hitter in volleyball (i have a good vertical and I have quick reflexes) Thanks!
Answer
You have the size of a middie with the endurance of an attackmen or defender
I would say get in shape and play middie
Ill just tell you what I have
Warrior Pro 7 Helmet
Adiadas Gloves
STX AMP Shaft
STX Deuce Head
I recomend football style cleats
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What is the brand, position, and web?
Answer
my favorite glove is TPX and for second base.
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Select a large company that has created a strong product identity in the market (for example Coca-Cola, Tide Detergent, or Crest Toothpaste). What branding strategies has the company used to create their product identity? Provide examples and explain your reasoning in 200-300 words.
Answer
I would suggest Budweiser. Think of their commercials…for the most part, they use humor to advertise a product to people who are, young, uneducated (the bud-weis-er frogs are clearly not aimed at people with law degrees), and willing to spend money for a good time.
My personal view is that bud doesn’t try to attract with taste or characteristics (i.e. miller, lowest carbs of any beer), AS MUCH as others…but instead, they advertise soooo much, that brand recognition comes into effect when you walk into the gas station looking for a 12 pack, but you don’t really care what you’re drinking. You see a bud product, and you’ve seen 9 of their commercials (not like a coors light ‘look how cold our beer is’ ad, but something that, whether taste is involved or not, it sticks on your short term memory) in the last 3 hours, so you have an “ah what the hell” attitude, which leads to a purchase…precisely their strategy…just a thought from a guy currently drinking a bud light.
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