This presentation provides an overview of marketing, including strategic thinking, the marketing planning process, marketing models, the importance of branding, and concepts of marketing. It focuses on Amazon Go, a cashierless supermarket, and includes a marketing plan with PESTLE, SWOT, and marketing mix analysis.
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TABLE OF CONTENT Evaluating objective of strategic thinking Presenting diagram of marketing planning process Critically reviewing 3 marketing models/ concepts and the theories and the manner in which they relate to process of marketing planning Explaining the importance of the branding Illustrating concept of the brand Positioning, brand pyramid & the brand management and way in which such concepts need to be integrated into the marketing plan
INTRODUCTION Marketingreferredasanactivitythatthefirm undertakes in promoting selling and the buying of product or the service. It includes selling, advertising & delivering the products to the consumers or the other types of the businesses. The present report is based on Amazon Go, the cashier less supermarket that allows the customer in picking the items and walking out with those items in order to take care that they do not have to stand in the checkout queue. Furthermore, the report highlights the significance of brandingandthedifferentmarketingmodels. Moreover, the reports presents a marketing plan for the firm in which PESTLE, SWOT and marketing mix analysis is been stated.
1.Evaluating objective of strategic thinking Strategic thinking is counted as the planning process that is applied to innovation, operational planning and the strategic planning for the purpose of developing the business strategies that contains the greater possibility for achieving success. The main purpose of the strategic thinking is creating such strategy that is coherent, integrative framework and unifying for the decisions specially about the direction of business and utilization of the resources.
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2. Presenting diagram of marketing planning process
3. Critically reviewing marketing models PESTLE analysis- It is the framework or the techniques used bythemarketersinmonitoringandanalyzingthemacro environment factors that poses a great impact on the company. Porters Five Forces- It is the model that is used for assessing competitive environment of the company. SWOT analysis-Itisconsideredasthefirststepofthe planning process with respect to marketing helps the marketers in focusing on the key or major issues.
4. Importance of Branding Developing consumer preferences Generate market share & revenues Keeps the new competition away Increases productivity of employees Helps in attracting new distribution channel Makes unique & remarkable brand image
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5. Concepts of Marketing Brand positioning- It refers to the target consumers for buying the brand in preference to the others. It ensures that all the brand activity has the common objective which is guided, directed and delivered by benefits of the brand or reason to make purchases and it also emphasizes on the points of the contracts with that of consumers. Brand pyramid- It is the model which reflects the steps through which customer establishes the loyalty towards a specific brand. Creating a Brand pyramid is counted as the structured manner in crafting the communication strategy which develops brand synergy beginning with attributes and the features of the product or service to brand idea. Brand management- It means as marketing function that makes use of the techniques for increasing perceived brand value of the product line or the brand over the time.
CONCLUSION From the above report it has been summarized that marketing plays an important role in informing the customers regarding services and the product that is offered by the business. By preparing for the marketing plan, company could be able to set up its business successfully as it helps in making proper scanning or internal and the external environment which in turn assist in dealing with uncertainties that might arise in future and also helps the firm in achieving growing success within overall industry.
REFERENCES Cravens, D. W. and Piercy, N., 2006.Strategic marketing(Vol. 7). New York: McGraw- Hill. Gounaris, S., O'Loughlin, D. and Szmigin, I., 2005. Customer perspectives on the role and importance of branding in Irish retail financial services.International Journal of Bank Marketing. Gwin, C. F. and Gwin, C. R., 2003. Product attributes model: A tool for evaluating brand positioning.Journal of Marketing theory and Practice.11(2). pp.30-42. Keller, K. L., Parameswaran, M. G. and Jacob, I., 2011.Strategic brand management: Building, measuring, and managing brand equity. Pearson Education India.
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