Marketing Management for Amazon Kindle in USA Market
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This report analyzes the marketing mix and macro-environmental factors for Amazon Kindle in the USA market. It also suggests strategies to manage the challenges and opportunities presented by these factors.
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Running head: MARKETING MANAGEMENT Marketing Management Name of the Student Name of the University Author note
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1 MARKETING MANAGEMENT Executive Summary The report has helped in the overall analysis of the Amazon.com Company along with the Amazon Kindle product in the USA market. The different kinds of marketing mix analysis have been done which will be essential for the overall success of the firm. The macro- environmental factors are required to be considered which will be helpful in managing the overall assistance of the firm in an appropriate manner.
2 MARKETING MANAGEMENT Table of Contents Product Description....................................................................................................................3 Marketing Mix of Prime Products of Amazon.com...................................................................3 Macro-Environmental Factors...................................................................................................4 Analysis of Influence of Macro-Environment Factors on Marketing Mix................................5 References..................................................................................................................................7
3 MARKETING MANAGEMENT Product Description Amazon.comis one of the largestAmerican electronic commerce which was found in Seattle, Washington in the month of July 5, 1994.Jeff Bezos is the founder of the respective organization(Amazon.in, 2018). The Amazon.com websitestarted their business by selling books online through Amazon Kindlewhich supports the readers in reading the different books through online platform. The respective platform was planned, designed along with marketed by Amazon.com. With the help of the Amazon kindle devices, this enables the different users to surf, buy and read the different e-books, periodicals and newspaper through wireless networking to the Kindle store. Marketing Mix of Prime Products of Amazon.com Product-The major product of Amazon.com are the books as they first started their business by selling the same to the customers.Amazon Kindle tried to aim in replacing the quality experience through reading books. The list of the various versions of Amazon Kindle is inclusive of: ï‚·Kindle Touch ï‚·Kindle Keyboard ï‚·Kindle Paper white The Kindle product is loved by the different individuals as the product isinnovative and the advanced screenshelp the people who love reading books. Furthermore, Kindle almost looks like paper and this is not strenuous for the eyes (Sargeant & MACQUILLIN, 2016).
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4 MARKETING MANAGEMENT Price-Amazon Kindle was designed in such a manner which helps in providing the different individuals with similar kind of feeling of reading the books and same experience is being provided. Amazon Kindle is priced in a premium manner in comparison to the other competitors who have introduced such options. There are various versions of Kindle that comes with varied kind of pricing and the most popular Amazon Kindle is acquired by the different customers at a price of more than 150 dollars (Lovelock & Patterson, 2015). Place-Amazon Kindle is one of the most popular products of Amazon which is available inoutmost corners in the entire world and there are no such issues faced by the customers in receiving the same. The Kindle which has been designed by Amazon is one of the most loved products as this is theseamless substitute of the differentphysical books. Moreover, this has been seen that the international delivery is available for the product in different parts of the worldwithout any hidden costs (Lovelock & Patterson, 2015). Promotion-The various impressive marketing campaigns along with online contests are being run by Amazon in order to improve their presence and take the experience of reading to another world. There are different marketing campaigns such as through online marketingwhich is inclusive ofsocial media presence has been helpful in managing their presencethroughout the outmost corners of the world. Macro-Environmental Factors Political Factors-In case of Amazon.com, there are different political factorswhich is inclusive of the political stability which actsas one of the opportunities for the Amazon Kindle and this helps them in managing their business operations in Seattle. Moreover, there is proper governmental along with legislative support for the e-commerce activities which is both threat and opportunity for Amazon as there is rise in competitionin the e-commerce market(Strauss & Frost, 2016).
5 MARKETING MANAGEMENT EconomicFactors-IncaseofAmazon.com,theperformanceofAmazonis dependable on the situation of the entire economy. The financial steadiness of USA market is opportunity for the Amazon Kindle and this will assist in increasing the overall likelihood of the success for Amazon.com. The overall economic factors will be a huge opportunity for Amazon Kindle which will be beneficial for the overall success of the firm in a positive manner. Social Factors-The social conditions help in determining the performance of the Amazon Kindle in an ineffective manner. Amazon Kindlehas been able to change the focus of the different customers towards the online reading concept which assisted and benefitted the entire organization in managing their success and gain more competitive advantage in the market as well. Technological Factors-The advancements in the technology directly affects Amazon as the increasing efficiency in the information technology is one of the major opportunities. On the other hand, the increase in the rate of cybercrime related activities is the threat for the Amazon Kindle as the rapid technological obsolescence is affecting the overall profitability of the organization (Armstrong et al., 2015). Legal Factors-The rising regulations on the product is one of the opportunities as this helps in providing the different opportunities to Amazon to rise in the different regulations of the environmental protectionby increasing the usage of Kindle and reducing the wastage of the papers. Moreover, the organization has the opportunity to strengthen their brand image through appropriate CSR policies. Environmental Factors-The environmental programs play a major role in managing the different operations in an effective manner.The company is required to build and
6 MARKETING MANAGEMENT implement high morals of sustainability which will become an opportunity for Amazon Kindle and enhance their corporate aspect in the market(Babin & Zikmund, 2018). Analysis of Influence of Macro-Environment Factors on Marketing Mix The PESTEL analysis played a major role in managing the different kinds of operations in an effective manner. The political and environmental factors playedvital role in managing the different kinds of CSR related activities in an effective manner. The Amazon Kindle have helped in managing the environmental aspects as they have reduced the usage of the paper works in an effective manner (De Mooij, 2018). However, the social aspects can become threat for Amazon Kindle as the pricing strategy adopted by Kindle is premium in nature and there is increasing disparity in the wealth of the individuals which can be a threat for the individuals as they cannot afford to purchase Kindle. Lastly, this can be seen that based on the PESTEL analysis, this is recommended that Amazon must boost the brand through proper analysis of the strength through proper corporate social responsibility which helps in addressing the different kinds of economic and social issues and make the threats as the opportunities for the business of Amazon Kindle in the entire USA market (Hair Jr & Lukas, 2014).
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7 MARKETING MANAGEMENT References Amazon.in. (2018). Retrieved from https://www.amazon.in/ Armstrong, G., Kotler, P., Harker, M., & Brennan, R. (2015). Marketing: an introduction. Babin, B. J., & Zikmund, W. G. (2015).Exploring marketing research. Cengage Learning. De Mooij, M. (2018).Global marketing and advertising: Understanding cultural paradoxes. SAGE Publications Limited. Hair Jr, J. F., & Lukas, B. (2014).Marketing research(Vol. 2). McGraw-Hill Education Australia. Lovelock, C., & Patterson, P. (2015).Services marketing. Pearson Australia. Sargeant, A., & MACQUILLIN, I. (2016). Marketing for nonprofit organisations. InThe Marketing Book(pp. 555-576). Routledge. Strauss, J., & Frost, R. D. (2016).E-marketing: Instructor's Review Copy. Routledge.