StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Marketing principles - Assignment Example

Cite this document
Summary
Marketing Principles: Case Study Name: Institution: The Concept of Marketing Marketing has various definitions depending on individuals or organization perceptions. It can be defined as, a “social and a managerial process by which individuals and groups obtain what they want and need through creating and exchanging products and value with others” (Drummond & Ensor, 2005, p.2)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Marketing principles
Read Text Preview

Extract of sample "Marketing principles"

Download file to see previous pages

The aim of the process had to be under the management of a marketing manager (Drummond & Ensor, 2005). All these definitions are important. Marketing has to be under the management of an individual with appropriate skills to accomplish the missions set. It is a process that ensures the organization meets its objectives in terms of sales of products and services, and it is a process that has to ensure the consumer gets what he or she wants. One common idea is that it is an organizational process meant to increase profits.

This could be by making the customers aware of the existence of the product, informing the consumers of its benefits, or even enticing consumers to buy the product. Marketing is a vast field and involves a lot of other organization activities. The manner in which an organization conducts its activities can also be marketing. Through their activities, people will get to know them and appreciate or grade them, hence improving the image of the company. This is indirect marketing (Drummond & Ensor, 2005). . This information is then disseminated across departments to ensure a specific aim is attained.

It is all about an organization making use of the marketing concept as the basis for its marketing plans, therefore, supplying products that suit consumer preferences and tastes (Blythe, 2009). A perfect example is the production of iPhones by Apple and Samsung. These companies conducted thorough market research, found out the consumers’ desires, and used research and development techniques to develop what the consumer wanted: the iPhone with various pleasing features. The companies then made use of promotional activities to inform the consumers about the product (AFP, 2013).

Marketing oriented organizations also have to monitor what their competitors do, and the effect of such actions on consumer preferences and tastes. The organization should also analyze the effect of other exogenous factors (Blythe, 2009). Marketing oriented organizations can also be oriented towards marketing from a sales, product, production, or marketing perspective. This means that an organization can focus on marketing a specific product, can focus on increasing sales, and can focus on improving its production, or even marketing the whole organization’s products.

There are different perspectives that can be taken. In ‘Tip-Top accessories’ for example, the manager can focus on increasing the sales of all the products; hence identify marketing strategies appropriate for such an approach. The manager can also focus on the production approach, conducting market research and supplying products with features needed by the consumers, or the manager can just focus on appropriate marketing strategies for various products depending on the market environment, and the internal conditions

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Marketing principles Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/marketing/1489867-marketing-principles
(Marketing Principles Assignment Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/marketing/1489867-marketing-principles.
“Marketing Principles Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/marketing/1489867-marketing-principles.
  • Cited: 0 times

CHECK THESE SAMPLES OF Marketing principles

Marketing: Principles and Perspectives

This paper "Marketing: principles and Perspectives" presents Starbucks as a leading coffee retailer which operates on a global scale.... The mission is to "establish Starbucks as the premier purveyor of the finest coffee in the world while maintaining our uncompromising principles while we grow" (Starbucks Home Page 2008).... For Starbucks, marketing planning encompasses the perspective of the future, the types of objectives established, and the strategies and tactics to be employed....
15 Pages (3750 words) Case Study

Marketing Principles of Google

The following paper entitled 'marketing principles of Google' presents the news story from multiple angles ranging from applying the concepts of the marketing mix to the concept of marketing in the digital age.... The paper tries to analyze the contents from the perspective of marketing principles.... This section analyzes the case from the 4P's of the marketing mix, namely: Price, Product, Place and Promotion.... These are the cornerstones of any marketing strategy and the successful execution of these in a combination or individually would determine the success of the venture as is being undertaken by Google....
4 Pages (1000 words) Literature review

Major Marketing Principles and Practices

So, both the product and the services are the ‘keys' for an organization, and that ‘key' only opens the door of These products or services can be reached to the consumer only through optimal marketing strategy.... As mentioned above, the key for successful marketing strategies is to first find out and corner in on the behaviours that will be exhibited by the prospective consumers before he/she makes the buying decision.... This supposed ‘seeding' and percolation of thoughts in the consumer's mind has to be guessed, analyzed and understood by the marketers to come up with apt marketing strategies....
10 Pages (2500 words) Essay

Marketing Action at Morrisons PLC

American marketing association (AMA) defines marketing in a broader way as “marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational… marketing is not regarded as the actual presentation of such roles as production and design but as the manipulating and guiding of these activities through the role marketing plays in decision making....
12 Pages (3000 words) Assignment

Growing Music Industry

The growing competition in the entertainment industry has resulted in a greater demand for strong marketing strategy so that the industry is protected from piracy and distribution is not hampered in the process.... The paper focuses on discussing various components of marketing mix that has positive impact on the industry as a whole.... The functions in the recording industry do not end with just creation of music; it is rather the first step which is followed by several other steps such as giving the music shape of commodity in the form of CDs, DVDs and soft copies, marketing and promoting the recorded sound and selling the same at a pre-decided price (Hull, Hutchison and Strasser, 2011)....
6 Pages (1500 words) Essay

Marketing Principles for Business

This paper "marketing principles for Business" focuses on the fact that the external environment of any business is considerably important.... As much as the external environment is not under the control of a business, it is possible to tailor the marketing approach to suit the prevailing economic factors (Koumparoulis, 2013, p.... To that end, marketers need to anticipate and respond effectively to political factors by adjusting the marketing policy in an appropriate manner....
8 Pages (2000 words) Essay

Marketing Principles for Business

This essay "marketing principles for Business" discusses the principles and practice in marketing management that would involve an aspect of enchantment that would make aspirations for a lot of thrust on augmentation of revenues.... ccording to Kotler, marketing is too often confused with selling.... But marketing is not just selling, and the price is not the only factor for competition.... According to Peter Drucker, the aim of marketing is to make selling superfluous....
8 Pages (2000 words) Essay

Analysis of Marketing Principles

"Analysis of marketing principles" paper explains the various elements of the marketing process, evaluates the benefits and costs of a marketing orientation for a selected organization, and shows macro and micro environmental factors that influence marketing decisions.... hellip; As for the elements that are concerned, there seem to exist multiple elements that effectively contribute to the marketing process of this beverage manufacturing brand.... If seen from an environmental perspective, the marketing environment can be differentiated into two categories, one being the microenvironmental factors and the other as the macro-environmental factors....
7 Pages (1750 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us