RIVER ISLAND •Renownedretailerin clothing and apparels. •Established in 1948 •Founder of the company is Bernard Lewis. •Headquartered in London.
2.1 Barriers to marketing planning These have been described as follows: •Economical barriers: River Island’s marketing strategies will be largely affected by economic attributes if not analysed correctly. •Cultural barriers: Organisation has to prepare the marketing strategy according to cultural beliefs of individuals.
Continued… •Demographical barriers: The changes in population, age and behaviour of individuals in a particular segment are considered as demographical barriers. •Politicalbarriers:RiverIslandcanfacedifficultyin executingthemarketingplanswhicharedevelopedfor products and services and not in accordance with political factors.
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2.2 Overcoming barriers Following strategic steps can be taken by the company for reducing the negative impact of barriers and produce a smooth marketing plan. •Venture capitalists and financial analysts can help in analysing economic barriers and their impact so that implementation of marketing plan is smooth.
Continued… •Thetechniquesandstrategieswhichcanhurtcultural sentimentsofindividualsshouldnotbeadoptedbythe companyforavoidingculturalbarriers.Itwillhelpin overcoming former social conflicts and clashes. •Political barriers can be resolved if River Island keeps a record and check on the political activities of government.
REFERENCES Books and Journals •Hollensen, S., 2015.Marketing management: A relationship approach. Pearson Education. Online •Six Barriers to Effective Planning. 2017. [Online]. Available Through:<http://smallbusiness.chron.com/six-barriers- effective-planning-45281.html>.[Accessedon28thMarch, 2017].
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