Modern Business Marketing: Strategies and Operational Analysis

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Added on  2023/06/09

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This report delves into the realm of modern business, highlighting the significance of marketing strategies in today's competitive landscape. The report initiates with an introduction to the modern business environment, emphasizing the adoption of new technologies. It then explores the importance of staffing plans, business vision, and mission statements. The report outlines operational plans, marketing strategies, and social media strategies and also analyzes the competitive environment. It also discusses legal considerations and provides a conclusion summarizing the key takeaways. The report emphasizes that marketing is crucial for business success, offering insights into various aspects of operations, from staffing to legal aspects.
Document Page
Introduction
The Modern business is the one which uses the latest technology so
as to benefit themselves in various terms and operations which are the
part of the business.
Starting a Business and Fundamentals of Marketing
New Business Idea
It is mandatory and much needed for any organisation to promote the effective and
innovative ideas which can help the business to flourish in the long run, as
creativity is an important for every business because being different is a
requirement of every organisation so as to be a stand out among the competitors
prevailing in the market.
Staffing plan
The staffing plans are referred to those activities and other thoughts
which are related with the hiring of various candidates according to
their eligibility for the vacant post in the organisation.
Mission
The term mission of an organisations referred to the company's
business which in terms is clothing.
Business Plan
Social Media Plan
Marketing Strategy
Competition Analysis
Legal plan
The BUNI clothing's approach is to keep all the legal aspects in mind while
initiating all the other business operations and activities so that any legal aspect
and norms can not be declined and neglected by the clothing business.
Role of marketing in Modern business
The term marketing is defined as the various strategies tools and tactics which are
required to promote the functional and operational activities to expand and
increase the business in various forms.
Operational Plan
The term operation plans outlines the activities and framework within which the
business has to perform various operations and functions of the business(Ratten
and Rashid 2020).
Objectives
The objectives of an organisation or a business is basically refers to
the combined statement of mission and vision and also the desired
expectations of the business which it wants to achieve along with the
period of time.
Vision
The vision of the business is to gain a desired future position in the
market so as to gain a well known name and goodwill which can help
the business to build the strong bond between the customers and the
organisation(
Conclusion
The above report is about the modern business in which the use of
new technology and trends are on peak, but marketing is still
important for any business to stay competitive in the market.
References
Chen, X.J. and Fang, G., 2019, May. Analysis on green
marketing strategy of clothing firm: take H&M for example. In
Proceedings of the 2019 International Conference on
Management Science and Industrial Engineering (pp. 146-150).
Kadekova, Z. and Holienčinova, M., 2018. Influencer
marketing as a modern phenomenon creating a new frontier of
virtual opportunities. Communication Today, 9(2).
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