Applying Marketing Principles: A Vodafone Case Study Analysis

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Added on  2023/03/31

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This report provides an analysis of Vodafone's marketing strategies, focusing on key principles such as the marketing mix, product development, and the differences between international and domestic marketing. The report explores Vodafone's approach to consumer markets, highlighting the importance of adapting strategies for prepaid services and data services. It examines the distinctions between products and services within the Vodafone context, emphasizing the significance of meeting customer needs. Furthermore, it compares and contrasts international and domestic marketing strategies, acknowledging the broader scope and objectives of international marketing. References from academic journals and books are included to support the analysis and provide a comprehensive understanding of the subject matter.
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INTRODUCTION
Marketing principles are plays an important role in success
of a business. These principles provide basis to an
organisation towards taking decisions and developing
policies. It also provides an understanding towards the roles
and functions of marketing. Marketing principles helps in
explore the factors by which customers can easily
influences
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4.1 Plan marketing mixes for two
different segments in consumer
markets
Marketing mix plays very vital role in consumer markets. It
seeks with those element of a organisation's marketing
policies and strategics that are designed in order to meet
with customer's choice and demands. As above there are
four main part of marketing mix- product, price, place and
promotion. These elements are helpful in fulfilment of
customer's needs and choice.
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Continued...
Due to this, managers of Vodafone, has to focus on the
quality of their prepaid services, they also have to create
strategics so as they can provide their services by built up
network. And for datacard, managers have to provide
facilities of data and dongles among all over the areas so as
many customers can about the product. This is helpful in
increasing sales and customer trust.
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4.2 Differences between products and
services
Every organisation develop their products with the
choice of their customers and market demand. Different
organisations have different kind of products, so as they
can easily fulfils the needs and demands of their
customers. Vodafone, has a wide range of customers
for selling their products and products are divided in
different parts.
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4.3 How international marketing differs
from domestic marketing
In the context of Vodafone, both marketings are
same when they comes out in the fundamental
principles of marketing, and marketing is the
integral part of any business organisation.
Marketing is helpful in attracting customers at
local or international level.
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Continued....
So as there is a big difference among international
marketing and domestic marketing is concerns only with
local customers and international marketing seeks with
worldwide customers. As along, the scope of international
marketing is much wider than domestic marketing because
international marketing is more useful towards getting goals
and objectives.
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REFERNCES
Pomering, A., Noble, G. and Johnson, L.W., 2011.
Conceptualising a contemporary marketing mix for
sustainable tourism. Journal of Sustainable Tourism.
19(8). pp.953-969.
Sferle, S., and et. al., 2012. Implementation of marketing
principles–A necessity in primary school education.
Contemporary Readings in Law and Social Justice. (2).
pp.764-773.
Sheth, J.N. and Sisodia, R.S., 2015. Does marketing need
reform?: Fresh perspectives on the future. Routledge.
Wang, Y. and Pizam, A. eds., 2011. Destination marketing
and management: theories and applications. Cabi.
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