2MARKETING Introduction Effectivemarketingisausefulbusinessstrategythatmustbeusedbydifferent organizations for attaining success. This is turn is very useful in order to make a proper appeal to all the customers. Without proper marketing strategies it is not possible for then organizations to market their products to all the targeted customers living in different parts of the world. Apple is the most widely known and popular organization in the digital world. They have been working hard and they launched the Ipods as well the Smart phones in the year 2007. This was a grand launch and customers from different parts of the world made their entry. Case Study 1: Apple Apple Inc. got a great success after starting the new Ipod products launch. However they made sure that none of their customers are being deprived(Căpătînă and Drăghescu 2015). In order to market the products or make the products reach to all the customers, effective marketing strategies needed. This marketing strategy must be such that there is no tampering with the products or no other company like the competitive firms are being able to use their products in any negative way or in an illegal manner. However just as there are both pros and cons of any new kinds of inventions, the same was the case with the launch of the Ipod product. It gave an opportunity to all the other companies for entering in the black marketing of the products. Thus, the unlocking of the Apple products let open huge areas for the black marketing of the products. This was a major threat for all the customers as they would now fear about the fraud products. Thus Apple Inc. realized that they need to have a very good and effective marketing strategy. This will ensure that the company will be able to keep a proper track over the activities
3MARKETING of the company and their competitors(Burke 2016). Therefore they have to make sure that none of the important data or the features are being given away from the phones. However only having an effective market strategy would be very helpful in order to provide a proper protection. Case Study 2: Toyota This case study ismainly dealing the issues that are often created in Toyotadue to the problems in the technical workings or the proper operation of the cars(Coetzeeet al. 2016). However this must be made sure that the company is being able to keep a proper connection with the customers in order to know about that are their perceptions over the sound working of the models or the feedbacks that the customers would like to share about these models(Kehr and Proctor, 2017). However as there have been several call backs or recalling of the models by the company it seems that the organizationhas not been successful in creating the models ina proper way or they have not been able to understand the errors that might have arose in future. This case study has also reflected the ways in which the company has later formed the connections with their customers and made sure that they are being able to cater to all the needs and demands of their valuable customers by a 24*7 customer care system. This work is mainly dealing with thesentiment analysisthat has been much helpful for the organization to make sure that they have been able to keep a connection with their valued customers. The social media and the blog write ups have been impacting the social and the corporate reputation of the organization(Amamouet al. 2015).Therefore it is the duty of the company to gauge and measure the actual impact that is being created by the social media sites for the transferring of the news from the sources to the desired destination that is from the public to the company or the managing of the company.
4MARKETING Evidence of Marketing-related success The successof Toyota is characterizedby its ability and willingness to solve problem and continuous improvement and learning which is deeply rooted to its working culture. Toyota uses the Kaizen principle. The company realized that they were not being able to carry in their work properly as they had to face many issues due to the publishing of the improper content on the websites or the blogs that were being published by many if the reporters and the journalists. However in the beginning the company did not really pay much attention(van Dijk, Sergaki and Baourakis 2019). It was later that they realized about the impact that is being created by the journalists who print many news about the incidents like recalling of the existing models or the other products(Thams, Alvarado-Vargas and Newburry 2016). The problem with Toyota’s problems was mainly being triggered off due to the errors or the faults in their manufacturing. However they have to understand about the sentiments or the emotions that are actually created by the blogs or the posts that are created by the people over the websites and the other such social media platforms(Chikudate 2019).Thus the company has to make a proper analysis over this news and make sure that they are being able to understand the emotions and the sentiments of their customers from these posts.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
5MARKETING Analysis and Explanation Porter’s generic strategy: Apple Cost provider strategy Apple has the low cost provider strategy. They have started providing different products at different prices so that customers belonging from all the different economic sectors can buy the products. The price of theIMac computer and iBook computer for basic computer buyers has been set up by the company. The costs of this model of computers are relatively low. However it must en noted that Apple has never been able to focus on the cost strategy as they have always kept their product price at a very high price. Thus in the initial sages they were not receiving much advantage. Often the launch of about 70 to 80 % of the total products launched by different companies fails. Thus it is evident from the case study that Apple has focused on them production of the most advanced and the newer products like I Phone. Tactical decisions are also one of the major factors that have been useful for the purpose of attaining success in the long run. Differentiation Strategy Apple has been largely following this strategy as they want to get the largest market share by using their strategies for developing a large number of products. The customers thus get the choice of buying a varied and wide range of products from different markets.
6MARKETING Focus strategy Apple has mainly rested their focus on the differentiation strategy. They have been making different kinds of product with different technologies for suiting the needs of the individuals. They have a wide range of products like the Imac, iTune, Apple MacBook and many other products for suiting the varied kinds of needs off all the customers.
7MARKETING Porter’ Generic Analysis: Toyota Cost leadership Toyota follows a strategy of targeting at large markets. As a result of this they try to sell their products to the customers at the very low cost per unit. Toyota has been able to develop a mixed strategy of cost strategy and also differentiation strategy so that they can have a good market share. As there was a problem initially in determining the safety and security of new product, they had to take some measures in providing a proper safety to all their products. Differentiation The firms following this strategy always try to produce some very unique products that will be helping the firm to get the competitive advantage. Toyota follows this strategy and make sure that they can appeal to their customers by bringing some very unique products to the market Focus It depends on the companies on whether they want to follow the cost leadership strategy or they want to focus over the differentiation strategy. As far as the case of Toyota is concerned they have to make sure that their customers are getting a wide range of products at an affordable price
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
8MARKETING Conclusion Thus it can be concluded that there are many approaches that can be used in order to solve the business problems. It is the duty or the responsibility of the company to make sure that they are taking all the possible steps in order to make the customers know that they are valued among the company and all their needs and demands will be properly taken care off.
9MARKETING References Amamou, F., Nemmiche, S., kaouthar Meziane, R., Didi, A., Yazit, S.M. and Chabane-Sari, D., 2015. Protective effect of olive oil and colocynth oil against cadmium-induced oxidative stress in the liver of Wistar rats.Food and Chemical Toxicology,78, pp.177-184. Bebeteidoh, O.L. and Takim, S.A., 2016. Toyota’s Slow Response to Manufacturing Defects LeadingtoRecalls:ResultofPoorCommunicationStrategy.Journaloftransportation technologies,6(05), p.420. Berman, B., 2016. Planning and implementing effective mobile marketing programs.Business Horizons,59(4), pp.431-439. Burke, R.J., 2016. Corporate reputations: Development, maintenance, change and repair. In Corporate Reputation(pp. 19-59). Routledge. Căpătînă and Drăghescu, F. 2015. Success factors of new product launch: The case of the iPhone launch.International Journal of Economics and Finance,7(5), 61-70. Chikudate, N., 2019. Corporate Wrongdoing and Reputational Risk: A Genealogical Analysis of Toyota’s Recall Crisis in 2010. InResponsible People(pp. 259-277). Palgrave Macmillan, Cham. Coetzee, R., Van der Merwe, K. and Van Dyk, L., 2016. Lean implementation strategies: how are the Toyota Way principles addressed?.South African Journal of Industrial Engineering, 27(3), pp.79-91. Fung, E., Järvelin, M.R., Doshi, R.N., Shinbane, J.S., Carlson, S.K., Grazette, L.P., Chang, P.M., Sangha, R.S., Huikuri, H.V. and Peters, N.S., 2015. Electrocardiographic patch devices and contemporary wireless cardiac monitoring.Frontiers in physiology,6, p.149.
10MARKETING Kehr, T.W. and Proctor, M.D., 2017. People Pillars: Re‐structuring the Toyota Production System (TPS) House Based on Inadequacies Revealed During the Automotive Recall Crisis. Quality and Reliability Engineering International,33(4), pp.921-930. Liu, Y., Shankar, V. and Yun, W., 2017. Crisis management strategies and the long-term effects of product recalls on firm value.Journal of Marketing,81(5), pp.30-48. Shah, R., 2015. Law enforcement and data privacy-a forward-looking approach.Yale LJ,125, p.543. Thams, Y., Alvarado-Vargas, M.J. and Newburry, W., 2016. Geographical diversification as a predictor of MNC reputations in their home nations.Journal of Business Research,69(8), pp.2882-2889. van Dijk, G., Sergaki, P. and Baourakis, G., 2019. The Cooperative Enterprise.Cooperative Management.