Marketing and Strategy

Marketing and Strategy Essay example
Masters
Essay
Marketing
Pages 7 (1757 words)
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Adaptation is essential to an organization's survival in today’s unreceptive business environment. Marketers need to understand what is at the heart of their consumer offering and stay one-step ahead of the competition in terms of delivering it…

Introduction

Adaptation is essential to an organization's survival in today’s unreceptive business environment. Marketers need to understand what is at the heart of their consumer offering and stay one-step ahead of the competition in terms of delivering it. It is quite evident that with increased globalization and improved technology, there are constant key emerging trends in marketing which are also changing various consumer needs. Marketing is defined as the conceptualization ad delivery of great customer satisfaction. According to Kaplan and Michael (2010), customers are no longer viewed as members of passive audiences rather they are now active participants in marketing processes. Marketing and marketing communication are changing daily. These changes offer a new wave of communication channels to both new and existing markets, which were not evident in the past decade within organizations. Clearly, there have been significant evidence on shift of focus and budget resources allocation into interactive online marketing which is facilitated with increase use of internet. Based on organizational changes across the globe, new theories of marketing have been largely developed such as electronic, social, and environmental and network marketing. These changes in marketing presume changes within consumers’ behaviors and transition towards electronic marketing (Kaplan and Michael 2010). Technology is changing the world past acknowledgment and consumer potential are evolving with it. No industry can afford to rest on its success. ...
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