Magellan Boatworks Case Study: Sales, Marketing, and Consumer Behavior
VerifiedAdded on 2023/06/10
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Case Study
AI Summary
This case study analysis examines Magellan Boatworks, a manufacturer of customized power cruising yachts, focusing on its marketing strategy, customer decision-making process, and sales performance. The analysis begins by outlining the customer decision-making process, including recognition, information search, analysis of substitutes, purchase behavior, and post-purchase behavior, emphasizing the role of advertising, promotions, and sales interventions. It then delves into Magellan's integrated marketing communication strategy, highlighting the need for potential changes to address declining sales. The study recommends a focus on both traditional and social media marketing, along with the appointment of specialized personnel to enhance the marketing strategy. Furthermore, the analysis suggests adopting competitive strategies within the workforce to boost employee performance and sales. The conclusion emphasizes the importance of efficient leadership in implementing and executing these strategies, particularly in identifying customer needs and developing effective marketing approaches to increase sales and market share.
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