As a result of this, the customers are naturally becoming more and more demanding in nature with respect to their specific needs for new and innovative products and services. This is in return creating a major pressure in the local markets around the world, and is eventually resulting in the way getting paved for the development of markets that are present in the new and emerging economies. The emergence of new markets in the developing economies is playing a major role in increasing the level of competition in the marketplaces all over the world. In an attempt to attain a significant level of competitive advantage in the global as well as the local marketplace, companies are seriously focusing on the process of generation of value for the consumers while keeping a stringent eye on the quality of the product or service that is being provided and delivered to the customers. This brings into focus the importance of conducting an in-depth analysis of the marketing exercises that are being conducted by some of the highly popular global organizations for the purpose of communicating the value of their products or services to the customers. Hence, in an attempt to understand the process of marketing in a more detailed and enhanced manner, this project has been undertaken. The project is multi-faceted in nature. The first part of the project will focus on the process of researching and understanding of the theories related to marketing orientation and on the various factors related to marketing mix. The next part of the project will draw its focus to selecting a specific organization which has a highly diversified its product portfolio and has its presence in multiple countries and markets around the world. The third part of the project will concentrate on studying the product marketing strategies and campaigns that are applied by the selected organization and simultaneously relating the theoretical concepts for a proper analysis of the successfully executed strategies of the organization. Theoretical Representation Marketing Marketing is a broad term that is used in the context of creating, distributing, communicating and generating value for the customers of a particular segment, in a specific locality, region or marketplace. In broader terms, it is highlighted as a part of the overall process of organizational management that involves identifying, understanding, estimating and finally fulfilling the customers’ needs and wants while effectively utilizing the available resources like manpower, finance etc. That belongs to the firm or the organization. It can be said that, by fulfilling the needs of the customers of a specific market, the companies focus on generating financial returns for the firm, which, in turn, helps to attain sustainable growth in the long term (Wright, 1999, p.13-14). Marketing Orientation It can be said that the marketing approach is a style or approach that is practiced a great deal in the process of value communication exercises conducted by the firms today. It is important to state that the marketing
Marketing Research Paper Table of Contents Table of Contents 2 Introduction 3 Theoretical Representation 4 Marketing 4 Marketing Orientation 5 STP 5 Marketing Mix: 4Ps / 7Ps 6 Organization Selection 7 About the company 7 Relation of Concepts: 8 Marketing Orientation by Marks and Spencer 8 Marketing Mix of Marks and Spencer 9 Conclusion 10 Reference 11 Introduction The 21st century is an era of rapid developments, and these developments are being continuously brought into effect as a result of tremendous globalization…
The competitiveness of organizations in the context of the global market is often depended on their ability to control their performance. Still, the measures taken in organizations worldwide for the standardization of performance are often inadequate. Particular problem seems to exist in regard to the ability of managers to identify effective performance management (PM) systems.
The operations of the company are widespread with global presence and footmark on more than 43 countries worldwide and the company houses employees worldwide which accounts to a staggering 81,000 individuals. The company’s main business consists in selling fabric items and clothing for men, women and kids’.
However, the decision was thwarted by the Competition Appeal Tribunal (CAT). UK businesses who provide tickets to live events sold millions of tickets to nationals. Despite the profit made, the competition increased further which led to the conclusion that such a merger was unlikely to achieve the desired result of lessening the competition.
The United Kingdom has been an immensely prominent state for immigrants from several other states to seek a better standard of life and some are asylum seekers. A significant reason for an elevated scale of migration to the United Kingdom is its economic stature which provides significant benefits in terms of finance to immigrants.
In all the methods available to investors, investment analysts provide an almost endless stream of information and recommendations for investors to sort out. There are often claims that some shares are undervalued, some overvalued while the others value represent a true market value.
The rest of the paper is organised as follows: Section 2 provides profitability analysis of the company. Section 3 analyses the liquidity position of Mark and Spencer while section four, which is the industry for the four companies under study, section 4 focuses on the solvency position.
Accounting plays an important role in the organization. The accounting records firstly provide accurate information about the financial position of the company to the employees of the company and also the investors, shareholders and other stakeholders of the company.
By the end of 1998 though, there was evidence of a crisis occurring. Until the late 1990's Marks & Spencer plc was hugely successful in terms of profit and market share. Since then it has been a company in decline-a company seemingly losing its position and place in its industry.
The company now employs more than 50,000 workers who are responsible for running company’s UK based operations and global bussiness activities.
This report is targeted to line managers and provide them an insight over Change Management