Entrepreneurial Marketing Essay
INTRODUCTION Entrepreneurial marketing is an attempt to explore the new markets or products within an industry with the new degree of innovation. It is about the marketing strategies and the spirit to differentiate between the traditional marketing with the gathering of evidence to convince individuals. It has the strong relationship between the marketing and entrepreneurship and usually practices by the start-up company. An entrepreneur is a person who manages the business in order to gain the profit and dare to take risk, seek the new markets, adventurous, innovative and other characteristics. The marketing is a theory to be applied and practices by the entrepreneur or owners to promote their products and services by using the 4P or 7P. Entrepreneurial marketing is the combine of two components by using the characteristics of entrepreneurship and marketing approaches such as interactive marketing and alternative marketing method to manage the businesses. There are seven common features of entrepreneurial marketing include innovation, risk taking, proactive orientation, opportunities focused, resources leveraging, customer intimacy and value creation. From the common features of entrepreneurial marketing, it incorporates of the components of entrepreneurship and marketing. Entrepreneurship includes proactivity, risk taking, opportunities focus and innovativeness while the marketing includes customer intimacy, resources leveraging and value creation. Every business needs to have entrepreneurial marketing strategies in carrying out the marketing effort in order to get awareness by the popular, increase profit, achieves growth and exploration or expands of the markets. The entrepreneurial marketing campaigns try to highlight the co... ... middle of paper ... ...mpany can carry out the guerrilla marketing approaches through the social media. Hence, the consumers who regularly use social media are more likely to share their experiences with their friends through the respond of creative tactics and in turns generate the buzz and can quickly go viral. To implement the guerrilla marketing, the company’s or entrepreneur should establish the objectives by pinpoint the target market of the company itself, knowing the customer needs, wants and characteristics through the market research for selecting the audiences to sending the guerrilla messages and analyse the company competitive advantages and building the cost effective marketing method. Therefore, it will generate the buzz and spreads virally without wrong targeted customer. Below are the examples of the company’s or firms that implementing the guerrilla marketing strategies:
In this essay, the author
- Explains entrepreneurial marketing is an attempt to explore new markets or products within an industry with the new degree of innovation. it has the strong relationship between the marketing and entrepreneurship and usually practices by the start-up company.
- Explains the seven common features of entrepreneurial marketing, including innovation, risk taking, proactive orientation, opportunities focused, resources leveraging, customer intimacy, and value creation.
- Opines that every business needs to have entrepreneurial marketing strategies in order to get awareness by the popular, increase profit, achieve growth, and expand the markets.
- Explains that for bft 216 entrepreneurial marketing assignment, the group members analysed alternative marketing and proposed the most effective strategy among the guerrilla, viral, and buzz marketing.
- Explains the three types of entrepreneurial marketing approaches with the support of elaboration and examples. guerrilla marketing uses inventive, fancy and creative ideas to advertise the products to meet and achieve the mission and vision of an organization.
- Explains that guerrilla marketing relies heavily on the energy to think of ideas and imagination rather than inputs high marketing budgets and flashy effects.
- Explains that guerrilla marketing is promoting products, services, and ideas through the use of flash mobs, viral marketing campaigns, or internet marketing. social media networks are popular to promote products and services.
- Explains the objectives of guerrilla marketing, such as pinpointing the target market of the company, knowing the customer needs, wants, and characteristics through market research.
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- explanatory
- argumentative
- comparative
- Explains that all the data and materials in this paper are obtained from various organizational reports, journals, researches, news, books and so on.
- Explains the main objectives of this paper are to unveil the reasons of social media popularity in indonesia and to analyze how indonesian companies see this opportunity and do marketing through social channels.
- Explains why social media marketing is more attractive to business than conventional traditional marketing.
- Explains that indonesia has become one of the biggest potential markets for many social networking sites and it leads companies to market their business on social media.
- Explains how companies can keep their customers close to them through social media and stay on track promoting their business.
- Explains that indonesia has its own social networking site called kaskus. what are the advantages of this website compared to facebook or twitter?
- Explains that social networks are an indelible element of the online world in indonesia.
- Argues that the internet should be seen and understood in a broader social context, and that technology is only adapting to social changes.
- Explains that words like ‘india’ and ‘people’ are more frequently used than ‘education’ or ‘development’.
- Explains that tracking the return on investment of a campaign is one of the most important aspects of marketing.
- Explains how hugo liu et al (social network profiles as taste performances, 2007) examined how a social network platform (myspace) user’s profile of interests can be extrapolated to function
- Quotes paul gillin, author of the new influencers, as saying a dissatisfied customer tells ten people, but in the new age of social media, he or she can tell 10 million people.
- Explains that quantitative metrics are the core of digital analytics and hence, social media listening.
- Explains that social media marketing helps to increase awareness for the company's offerings, which ultimately drives sales. it humanizes a brand and helps build relationship.
- Explains that social media analytics is the process of collecting, measuring, analyzing and interpreting the results of interactions and associations among people, topics, and ideas.
- Explains that each tool, platform, and solution may have a unique method of calculating the above metrics and each might introduce duplication and error.
- Explains that early work in network analysis was in the areas of educational psychology, sociology, and anthropology.
- Explains that social network analysis thrives on the social ties between the actors.
- Explains that sentiment analysis is a form of text analytics, which involves identifying the topic relevant text and tagging it based on pre-defined attributes.
- Explains the importance and interest of text summarization in mainstream research and business areas.
- Opines that social media has allowed millions to create and share content on scale never imagined before. it would be useful to identify highly connected people who will propagate news, reviews and opinions further in the social network.
- Explains that benevenuto and gummadi identified three essential measures of influence on twitter — re-tweets, user at-mentions, and in-degree.
- Explains that hewlett-packard's social influence algorithm –brandclout addresses the above points. it ranks social media influencers based on context relevant scores as opposed to commercial solutions.
- Explains the challenges of sales/conversion attribution and quantifying 'profit' remain in either a business-to-consumer (b2c) or b2b context.
- Explains that businesses use all four elements of the marketing mix to make a profit on the product or service that they offer.
- Explains the importance of knowing the wants and needs of the target population and conducting the proper research before hand.
- Explains that political, economic, social, and technological factors affect the product of the marketing mix. businesses must work according to all the legal factors issued in that state or country.
- Analyzes how economic factors have affected all businesses nationally and globally. the state of the economy shows how consumers, suppliers, and other organizations interact within society.
- Opines that for an organization to be successful it will have to take into consideration economic conditions and stakeholder behavior.
- Explains that organizations are affected by economies throughout the world and not just the countries in which they are based or operate from. labor is cheaper in developing countries and hence affects the competitiveness of the product made in developed countries.
- Explains that population changes have a direct impact on organizations, stating that if there is an increase in the global population and world food shortage predictions are leading to higher investment in food production.
- Explains that technology has made society expect results in a instant. a quicker exchange of information can be beneficial to businesses as they can quickly make changes with their environment.
- Explains that businesses have to look out for customers' needs and wants through their product and excellent customer service. consumer demand plays a critical role in marketing products.
- Explains that businesses are provided materials by their suppliers to carry out their everyday activities. a close supplier relationship would be a very effective way to stay competitive and secure quality products.
- Explains that negative media attention can cause a business or its products to go plummeting down, while positive publicity can make an organization reach to its highest potential.
- Recommends targeting the outdoorsman, health conscious traveler, festivalgoers, and jerky aficionados for the taste of texas.
- Explains that marketing firms address the product life cycle, which involves the current of a product in relation to sales, as well as strategies employed in promotion, marketing, and pricing throughout the varied stages.
- Analyzes how jack link's beef jerky, a minneapolis-based company, is revitalizing and expanding to the international and health-gourmet markets.
- Explains the importance of a sound marketing strategy for any small business. the taste of texas, an independently owned and operated purveyor of meat snacks and hot sauces, employed the expertise of kuntz marketing consultation firm.
- Explains that apple has been investing in voice command software for several years. sensory, inc. is a profitable, fast-growing private company developing hardware and software speech-based solutions.
- Explains that ispeak is a revolutionary product that will serve as an easier way to communicate for apple users.
- Cites talk about curing autism. tax strategies for parents of kids with special needs.
- Explains that apple has identified the segmentation criteria that will affect the new ispeak’s target market selection.
- Explains that the target market for ispeak would be of any gender or age and the main customers would have some sort of disability that would allow them to use the computer without help.
- Describes the 7 key strategies that you must learn from apple’s marketing.
- Explains that marketing is a philosophy that concentrates on customer satisfaction and processes used to implement the philosophy.
- Explains that marketing can be a good tool to improve sales, but it can also be harmful if marketing ethics are not considered.
- Explains that social responsibility in the business world goes above just business ethics but also the entire organization of a business.
- Explains that there are five ethical theories that apply to marketing: deontology, utilitarianism, casuist, moral relativism, and virtue ethics.
- Explains that virtue is a character trait valued as being good. businesses with good ethics are recognized by organizations like the better business bureau of accredited businesses.
- Explains that the better business bureau nominated tri-city transmission for the 2016 bbb torch awards for ethics based on their honesty and desire to provide honest overhaul or replacement transmission service at a reasonable price.
- Opines that consumers want to support businesses that have good business ethics. this gives them peace of mind that they will get the best for their money and can depend on the business to be around for a long time.
- Explains that marketing is a way to get the business off the ground. without marketing, no one will know about the goods and services that the brand is selling.
- Explains that michelle gass, a chief customer officer, was in the running to succeed ceo kevin mansell when he retires from the corporation.
- Explains that kohl's has spent about $1 billion on technology improvements over the last three years. with kohl’s being one of the largest department store chains in america, the corporation has to distinguish themselves from the pack when it comes to marketing.
- Explains kohl's marketing mix encompasses a wide variety of both traditional and digital marketing strategies.
- Explains that kohl's also has its own mobile app, which allows customers to access their account and shop at anytime, anywhere. the app may give you coupons to use when you are at the store.
- Explains that kohl's cash is what it sounds like: cash. every $50 you spend, you will be issued $10 back in kohl’s cash, and the fact that you can use online and in store makes the promotion work out better.
- Explains kohl's pay, a mobile payment option that integrates the kohl’s charge private label credit card into the mobile app.
- Explains that kohl's offers are direct mailed to customers' homes. this lets them know when a certain deal is going on if they don't have time to check their email.
- Explains that kohl's had a solid start when starting their corporation, but it had not always had great financial profiles. the 2016 financial profile shows $18.7 billion in sales, 2.7 percent down from 2015.
- Explains that kohl's is reducing the size of the stores to offset the decline the corporation had in 2016. with 18 underperforming stores sold last year, the store has only retained just one-third of sales in remaining stores.
- Analyzes how the corporation's "greatness agenda" has failed to attract customers. it has invested in building out new beauty and cosmetic areas to capitalize on the strong growth in this category.
- Explains that the "buy online, pick up in store" program has driven an additional traffic to the stores, and up to 20 – 25 percent in attachment sales from the customers who would come to collect an order in the store after they bought online.
- Explains that kohl's used cash of up to $1.5 billion up from 2014 and repurchased 17 million shares of common stock for $1.0 billion in 2015. they also completed a cash tender offer and redemption
- Explains that they shop at kohl's regularly, and it was interesting to learn more about the store, which has been going through a financial struggle.
- Explains that the core success of a business lies in its marketing strategy, which includes advertising, public relations, promotions and sales. without marketing, sales may crack and companies may have to close or partner with other companies.
- Explains that rebakah moore is a client development manager for research now in plano, texas. she graduated from texas tech university and began her career in marketing.
- Explains that moore worked at various jobs during college and after graduating from college. her resume helped potential and her current employer understand and appreciate her work history.
- Explains that rebakah moore was a member of the tech marketing association, which promotes academic and professional advancement for texas tech university's college of business administration members.
- Explains that moore is a self-starter with strong personality and strong desire to demonstrate record of closing sales. she enjoys working with talented individuals, traveling, learning, compensation, and benefits.
- Explains that marketing isn't just about the number of ads you can display or having the best commercial ad during the super bowl; it's about how you capture and retain old and new customers.
- Explains the marketing mix term originated back in 1953 by neil borden, based on james culliton's analogy of marketing procedure being compared to a "mix of ingredients."
- Explains that the four p's of the marketing mix are price, place, product, and promotion. each element has its significance and it is important that all elements are given equality and meaning.
- Explains that the place element of the marketing mix is the action of goods or services being transferred from the manufacturer to the buyer or consumer.
- Describes apple inc.'s services, swot, and financial report.
- Explains perreault, w. d., basic marketing, a marketing strategy planning approach, 19th edition, mcgaw-hill company.
- Opines that apple had to evolve it's appoarch. publishers weekly, 83(31),6.
- Explains the product element of the marketing mix focuses on tangible and intangible goods and services produced by a company. a recommendation that would help is develop an inexpensive replica for the consumer that may not be able to afford the top shelf product
- Explains that the price element of marketing mix determines the pricing of the product. premium pricing, penetration, economy, and price skimming are the four main pricing strategies.
- Explains that the promotion element of marketing mix is the marketing communication, which can be achieved through advertising, personal selling, sales promotions, public relationships, direct mail, trade fairs and exhibitions, and sponsorship.
- Explains that apple, inc. applies the product component of the marketing mix through a variety of products and services it supplies.
- Explains that marketing involves making consumers aware of the value of a product or service offering with the aim of increasing sales, developing brand loyalty, and promoting the good.
- Explains that transactional marketing focuses on attaining individual sales of a product through boosting volume of sales made for the product or service.
- Explains that transactional marketing is focused on short-term volume of sales, while relationship marketing focuses on profit retention.
- Compares the level of customer contact between transactional and relationship marketing strategies. transactional marketing has moderate contact, but there is no after sale interaction with customers.
- Concludes that the primary concern with transactional marketing is product quality, which will attract purchases hence increasing sales. relationship marketing strategy is based on a long-term quality relationship that not only benefits the company through retained profitability, but also longitudinally benefits consumers.
- Explains that relationship marketing helps b2c companies create a pool of customer advocates who are pleased with the product and enjoy the consistency of the experience.
- Explains that sound market segmentation is possible when a b2c company uses relationship marketing. segmentation allows businesses to customize the product based on characteristics and needs of the target group.
- Explains that b2b buyers have a complex decision-making process, value personal relationships, drive less innovation, and expertise that can identify good and bad product offerings.
- Explains that the type of marketing technique adopted by a company is crucial in achieving the objectives and goals intended for the marketing strategy.
- Explains that transactional marketing by forms has been challenged by other marketing strategies that go the extra mile to appease consumers into being loyal to the product or brand.
- Explains that transactional marketing emphasizes on features of the product or service while relationship marketing puts emphasis on customer value.
- Explains the benefits of using a relationship approach to marketing by business-to-customer (b2c) markets.
- Explains the benefits of relationship marketing for b2b organizations, such as maintaining a close relationship with decision-makers.
- Explains that benetton is rebranded to the group and is listed on the milan, frankfurt and new york stock exchanges.
- Explains the introduction, growth, and maturity stages of a product's life cycle.
- Explains that marketing is vital for a company to perform at its best. benetton, founded in 1965, has marketed loud and brash, challenging people views and communicating their views through images that shock.
- Analyzes how benetton's ad depicts shock advertising to promote their brand and promoting tolerance. the product lifecycle and the boston matrix can help the business prosper.
- Describes benetton's three-year strategy to refocus its model on selling through its own stores.
- Explains how benetton went from having a normal marketing idea to creating talk points and finding niches which would give them the market edge.
- Explains how the boston matrix is used to categorise the products into one of four different areas based on market share and market growth.
- Explains that the boston matrix corresponds to the four categories of the product life cycle.
- Explains that a business must evaluate its products and services to be successful in selling them. it must employ the right type of marketing mix: product, price, place, and promotion.
- Explains that jetblue is changing the domestic aviation landscape in a dysfunctional time for the airline industry by adapting the concept of "doing less with more."
- Explains that jetblue is cornering the marketplace with its productivity, in-flight features, and customer service.
- Analyzes how jetblue excels at offering the cheapest fares, cross-country, with its low-cost strategy, which has generated a significant competitive advantage for other airlines.
- Opines that jetblue is considering entering the high-demand caribbean market to compete with the current dominance of delta and us airways shuttles.
- Explains that jetblue has quickly garnered a loyal, satisfied group of flyers which has led to repeat business. the company focuses on customer retention through its high quality/low cost strategy and free word of mouth advertising.
- Opines that z-wing can learn from jetblue's marketing mix to maintain a leading edge. lower fares, higher quality service, new and standardized aircraft, and customer retention could help increase profits, lower costs, reduce customer turnover.
- Explains that jetblue airways: service quality as a competitive advantage. journal of business case studies. retrieved august 17, 2008.
- Explains that a successful product launch involves the contribution and collaboration of all departments, from r&d, logistic, sale, marketing and so on.
- Argues that to successfully launch new product into market, company should master product launch process. cooper's stage gate model emphasizes five main stages of process launch from scoping, build business case, development, testing & validation and launch.
- Explains that the pre-launch stage is a planning and preparation phase, which includes product development steps but not clearly mentioned. company conduct all necessary activities to prepare for the launching.
- Explains that the launching stage is the best time to implement promotion programs, especially run special offers to attract and convince consumers to try new product.
- Explains that marketing is an important business process where the company can inform, attract and convince people that its products or services are of value to them. without marketing, many businesses would be unable to exist or operate well.
- Explains that marketing is an organizational function and processes for creating, communicating, and delivering value to customers and managing customer relationships that benefit the organization and its stakeholders.
- Explains that companies need to invest significant amounts of time and capital to define and monitor their target customers. new consumers need more resources to introduce about the products or services, while existing customers need special offers or loyal programs.
- Explains that the key to a successful marketing campaign lies in consumer behavior, which helps the organization recognize and forecast the purchase behavior of the consumers.
- Explains that the marketing mix is crucial to understand what the product or service can offer and how to plan for a successful product offering.
- Explains segmentation is the process that divides market into smaller groups which have something in common such as age, education income, culture, religion, lifestyle and so on.
- Explains that market segmentation is the first step for launching plan. all consumers are different because they have different needs, wants, backgrounds, education levels, and experience.
- Explains that identifying a target audience of consumers is one of the most crucial elements for the company to consider.
- Explains that positioning is an art and a company has to choose "value proposition" to persuade prospective buyers to buy the products rather than competing products.
- Explains how tim berry and douglas wilson, s of the book "how to develop and implement a successful marketing plan", have introduced six different approaches for positioning products/services.
- Explains that starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, with 19,797 company operated and non-company operated stores in 62 countries.
- Explains that starbucks' strengths are sound financial records and gains, mass experience in brewing and selling coffee, employee management, innovative ideas for marketing.
- Opines that starbucks' internal weaknesses are its product pricing, not having locations that allow for drive through customers, potential negative publicity, and too aggressive expansion may lead to less customer focus.
- Opines that our target customer is those people who love a good cup of coffee and appreciate the premium beans and care we take into making each cup.
- Explains that the industry's demand for premium coffee and snack products is driven by a number of factors including disposable income, per capita coffee consumption, attitudes towards health, world pricing of coffee, and demographics.
- Explains that starbucks' largest competitors are dunkin brands and mcdonalds. they are brand specific, but lack the distinct flavor and loyal customer starbucks retains.
- Opines that using the 4 p's of product, place, price, and promotion is the best way to succeed at marketing our products and services.
- Opines that starbucks' global quest in 2006: is the best yet?
- Opines that starbucks is the world's largest coffee roaster and retailer of specialty coffee. the company is saturating the us market, while emerging markets of developing countries offer many possibilities for growth.
- Explains that starbucks' mission is to inspire and nurture the human spirit — one person, one cup, and one neighborhood at a time.
- Opines that starbucks should expand its supplier network, expand to other emerging economies, and increase its product offerings. rising prices of coffee beans and dairy products, increased competition from local cafes and fast food breakfast chains are threats to the business.
- Recommends hiring a research team, contract futures manager, and vp of construction to oversee all renovations and new construction.
- Suggests that starbucks expands on its strengths, minimizes its weaknesses, and continues to grow in this competitive business.
- Cites bozarth, handfield, and ehmke, c., fulton, j.
- Analyzes the effectiveness of company's market strategy, which includes all basic and long-term field activities of marketing.
- Explains the term 'marketing mix', which describes the combination of tactics used by a business to achieve its objectives by marketing its products or services effectively.
- Explains that product itself is probably the most important element in the marketing mix. there are several types of products.
- Describes consumer goods, such as food, furniture, gadgets, etc., that might last long and do not.
- Explains cost-plus pricing, which involves estimating how many products will be produced, then calculating the total cost of producing the output and adding percentage mark-up for profit.
- Explains penetration pricing, when price is set lower than competitors’ prices in order to enter the new market.
- Explains price skimming; high price is set for a new product on the market (usually for high quality of product).
- Explains competitive pricing when the price is set in line with or just below the other competitors.
- Explains promotional pricing when the price is set very low in a short period of time.
- Describes the various media used to promote a product, including television commercials, newspapers, magazines, etc.
- Explains that personal selling involves sending out sales representatives to businesses to talk directly with customers.
- Explains that primary research would be used to examine the effectiveness of marketing strategy used by xxx’s rubber manufacture. interview involves direct interaction between customers and the business.
- Explains the company's sales reports from 2011 to 2013, which show whether the business is growing or not in terms of increase or decrease in sales revenue.
- Explains that the research will focus on 7 major strategies, known as 8p’s, such as price, product, place, promotion, people, process, physical evidence, and packaging.
- Explains that even if the company keeps the profit detailed report of expenses and net profit confidential, the pricing method used is cost-plus pricing.
- Analyzes how the company's income varies from month to month, based on the prices of rubber latex.
- Recommends expanding the business by increasing the number of machinery to increase production and promote the product more often to get more customers.
- Explains that the main purpose of doing the research is to answer the three questions.
- Explains that xx's rubber manufacture is business-to-business type of company that can be categorized as small-medium enterprise.
- Explains that farmers in west kalimantan are worried about the selling price of rubber latex.
- Explains that the research will focus on answering the question, "how effective is the marketing strategy of xxx's rubber manufacture in facing the economic situation?"
- Explains that price is an important determinant of the value of sales made because it creates sales revenue. there are some pricing strategies that a business could use.
- Explains that psychological pricing is when particular attention is paid to the effect that the price of a product will have upon customers' perception of the product. promotion is the business communicating with the customers by providing information.
- Explains that public relations involves making the public aware of the product or the company suck as sponsorship or publicity in the media. the location is important because the business has to get it to the consumers.
- Explains the three additions to marketing mix: people, process, and physical evidence. the interaction between consumers and employees affects consumers' view of the product.
- Explains swot analysis is an analytical method used to identify and categorize significant internal (strengths and weaknesses), and external (opportunities and threats) factors faced by a business.
- Explains that cost-plus pricing is the most effective way of pricing strategy as the price of rubber latex in the market that never stable. the percentage of mark-up is different almost in every transaction.
- Explains that the type of product is 'producer goods' because the output is produced for other business to use. the packaging is simple, using transparent plastic bag.
- Explains that the company is small-medium enterprise so it can't be located in industrial areas. the company's distribution channel is number one, which is from producers to customers.
- Explains that the promotional method used by business-to-business companies is 'personal selling' where the sales representatives are sent to talk directly to the customers.
- Opines that the company is selective in choosing its sales representatives, since only 10 people are needed to operate the machinery. the owner work cooperatively with the employees and the relationship between them is good.
- Explains how the company order rubber, shape them based on orders using machinery then delivers it to the customers. the rubber is located in the mold, pressed by the machinery using high temperature for few seconds.
- Explains that the company's name is well known amongst the industry for having a good quality of product equivalent to the higher price. the loyalty can be seen by the few companies that has been ordering rubber every month for the past ten years.
- Explains that some suppliers don't have a standard price due to the sudden decreases of rubber latex price.
- Opines that swot analysis can help analyze the strength and weakness of the company and the opportunities available for the business.
- Explains that the company's marketing strategy is effective because it has chosen the best possible way to increase company performance.
Related Topics
- Viral marketing
- Entrepreneurship
- Guerrilla marketing
Entrepreneurial Marketing Essay
by tutlance | Apr 2, 2019 | Essay
Entrepreneurial Marketing
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Section I: Market Analysis
The fresh juice market has been experiencing increased significance over the past few years. The recent scientific research efforts linking diets with the occurrence of different non-communicable diseases has led to an increase in health consciousness. Fresh juice bars have increased in popularity across the world as people become more focused on healthy diets. The business falls under the foods and beverages industry. The industry deals with the processing of foods and beverages and availing them to the consumers. Juices form a part of the beverage section of the industry. Juices can be categorized according to composition and processing criteria. For instance, juices can be made from concentrate or fresh produce. Others are made from nectar or vegetables. Fresh fruit drinks are made from freshly harvested crops and have a limited shelf life.
The juice section of the foods and beverages industry has been dominated predominantly by those products from concentrates. However, in recent years, there have been shifts in the industry with the emphasis on healthy lifestyles. As such, recent trends include increased profitability for the fresh fruit and vegetable juice companies with a slight decline in profitability for those selling juice manufactured from concentrates. However, competition remains high for the fresh juice bars from established manufacturers of concentrate juices and carbonated juices. Companies like Coca-Cola and Pepsi remain a threat to the profitability of fresh juice bars. Additional competition for the business will arise from established businesses in the fresh juice market. Attracting consumers from established businesses dealing with fresh juices may be a hard task that will require effective strategies.
Section II: Marketing Strategy
The chosen business model, a fresh juice bar, will rely on the uniqueness injected by the positioning and differentiation strategy to achieve its growth and profitability objectives. The market is composed of clients with different interests. The positioning of the business will be carried out using the service scope. The service scope entails the items offered to the consumers, the means used to deliver the juices and snacks, and the nature of interactions between the clients and the employees. Offering of unique products through unique means will serve the purpose of facilitating originality. Employees will be trained on unique means of handling the clients to increase satisfaction and retention of first-time clients. Also, consumers will be presented with a unique experience in the juice bars including entertainment.
High levels of competition require the creation of the strategy that attracts and maintains the clients. First, the uniqueness of the business will arise from the menu development. The customers will be given the chance to select a number of ingredients from which to choose from. The business will source different fresh fruits and vegetables from the consumers. The clients will then be provided with the option to choose from the menu the ingredients to be included in their juices. Additionally, clients will be provided with a platform to make orders prior to the physical visits to make sure that they do not wait for long. Additionally, the consumers will be presented with a seasonal menu that reflects fresh produce from farms at a given time to maintain the primary goal of supplying only the fresh products.
References: Entrepreneurial Marketing
Bigliardi, B., & Galati, F. (2013). Innovation trends in the food industry: the case of functional foods. Trends in Food Science & Technology, 31(2), 118-129.
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Entrepreneurial Marketing - Essay Example
- Subject: Marketing
- Type: Essay
- Level: Masters
- Pages: 8 (2000 words)
- Downloads: 2
- Author: geoschamberger
Extract of sample "Entrepreneurial Marketing"
?………………………………………………………4d Viral marketing……………………………………………………………………4e Recommendation and conclusion…………………………………………………5 Bibliography………………………………………………………………………6 Abstract The paper gives an alternative conceptualization of entrepreneurial marketing. It gives a review on the issue of entrepreneurial marketing as one of the tools which many business ventures have applied today in the production of goods and services hence can strategize themselves well in the global market.
There are so many forms/approaches on entrepreneurial marketing but my interest is on the entrepreneurial approaches to promotion in both advertising as well as selling their products to the customers. This marketing approach has widely been applied by many business ventures both small and large and these businesses have been successful. In my research, have taken a review of the three articles on promotion which include; the guerrilla marketing, buzz marketing and viral marketing as a marketing strategy by entrepreneurs.
Introduction According to American Marketing Association (2007, pp 243), entrepreneurial marketing can be defined as business function of marketing its products and services and this is achieved by taking in to account the following aspects: innovativeness, proactiveness, risk taking and the pursuit of opportunities without putting in to consideration the resources currently controlled. Our definition suits both the small and the large scale business ventures who would wish to compete effectively in the large market.
Once goods and services have been produced, customers have to be informed about the new product in the market. This is only achieved by coming up with a marketing strategy to put your product in the market. Entrepreneurial marketing describe the marketing activities for both small and large scale business ventures. Given the large share of the economic activities, entrepreneurs have developed a fresh field of research on the marketing strategies which ongoing as well as the new ventures can adopt given the competition in the global market today.
EM describes the marketing activities which these firms develop irrespective of their sizes and age (Brotherson 2008 pp142). Our research on entrepreneurial marketing explore that it can be implemented and for any firm to perform well, then it has to put in to consideration the various marketing strategies which differentiate the firm from the others. Many firms today produce similar products and services and the only way entrepreneurs can be able to compete well in the global market is by coming up with marketing strategies and work towards achieving those strategies.
Competition in the global market today is stiff hence entrepreneurs need to strategize themselves so that they can compete effectively given the limited resources they have (Chrisnail 2005). According to Aldrich (2007 pp124), it is obvious that most new ventures are not ready to be risk takers, not innovative but more rather imitative. They are not ready to incur any losses but what they do is that, they try to imitate the products ready in the market. A good example to explain this is Sony Company which produces most of the
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Entrepreneurial Marketing Business Essay
- Posted on April 13, 2019 June 23, 2020
- April 13, 2019
INTRODUCTION – Entrepreneurial Selling
Entrepreneurial Selling is the combination of two distinct direction countries. Existing as distinguishable subjects, entrepreneurship and selling have emerged to capture the several aspects of selling that are frequently non explained by bing traditional selling theories and constructs.Definitions of both selling and entrepreneurship differ well and we can non anticipate that one individual definition of entrepreneurial selling will cover everything.
A modern-day definition that meets the present range is that of Morris ( 2002, p. 5 ) in which entrepreneurial selling is defined as: “ the proactive designation and development of chances for geting and retaining profitable clients through advanced attacks to put on the line direction, resource leverage and value creative activity. ”Recently, entrepreneurial selling has gained popularity in the selling and entrepreneurship subjects.
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The success of concern activities prosecuting non-traditional selling attacks can be attributed to entrepreneurial selling patterns. Despite the big Numberss of selling theoretical accounts and constructs, there are noteworthy successes that deviate from these and are labeled “ entrepreneurial. ”Economic growing has become a necessity in many states which has led to a turning demand for entrepreneurship in society. When big companies ‘ follows economic systems of graduated table by downsizing and cut downing staff, the little and average sized endeavor sector ( SMEs ) becomes more of import.Till late, entrepreneurship and selling existed as two independent, rational spheres. In the past few old ages, the turning figure of entrepreneurship research has resulted in to a figure of findings which led to the betterment of the selling cognition.
In general, selling has ever aimed on understanding the procedures and patterns within large companies. However, in analogue with a growing in entrepreneurial behaviour and little to medium endeavor sector worldwide, the selling facets of little & A ; medium sized companies and entrepreneurship have besides increased in importance.Entrepreneurial behaviour has been traditionally rooted to the little to medium sized endeavor sector, but entrepreneurial selling besides has a definite impact on big companies. Today, many companies operate in a really disruptive environment where there are increased hazards and a diminishing ability to calculate and project. In this environment of sudden alterations organisational boundaries have become really ill-defined.In concern environments like this, concern directors has to bury traditional direction policies and replace them with new believing and new behaviour that will non merely integrated alterations but besides create the necessary alterations in the market place. Entrepreneurship may good be the vehicle for this and entrepreneurial selling behaviour may be of the extreme importance for many big houses and SMEs likewise.
SME Selling
The roots of entrepreneurial selling are considered to be grounded within the SME ( Small to Medium Enterprise ) sector to the some extent. Indeed, there is a strong statement among the selling gurus that entrepreneurial selling is truly about SME selling. Within the generic selling direction literature besides is a stratum of idea that suggests EM is slightly similar “ text edition ” selling, but undertaken either with some genius or merely merely making something wholly different across all facets of the normative selling mix ( Earls 2002 ; Chaston 2000 ) . This is more seeable in the executing and execution of originative publicity schemes.
Some argue that this attack is possibly, on the one manus, what sellers should be making anyhow and on the other, it may overlook the complex nuances that underpin an entrepreneurial attack to market development. Harmonizing to Bjerke and Hultman, being entrepreneurial nevertheless is non a necessary requirement as they argue that non all little to medium sized houses are entrepreneurial, but these houses will necessitate entrepreneurship in order to turn and spread out and such growing can be achieved from the little house ‘s advantage in selling. In smaller houses determination doing tends to arise from enterpriser and they are able to move on chances and implement schemes faster than larger houses could.
Bennett and Cooper ( 1981, 1984 ) suggest that the stagnancy of invention in big houses is due to theoretical and traditional selling patterns where the focal point is on run intoing explicitly expressed demands of the clients.Here, the construct of client value must be introduced to further develop the statement. Entrepreneurial selling, like selling in general, can be seen in footings of value creative activity processes.
Harmonizing to Bjerke and Hultman, 2002 the ultimate intent of selling is to make something that purchasers can utilize to bring forth ain client value, the offer to the market. In all stable markets, certain degrees of perceived client value, or the distinction of client value between Sellerss, have become established ; the value balance. Customers have outlooks, and if these outlooks are met, repeated bargains will happen which will assist the Sellerss to keep their market places. A traditional market scheme is to go a market leader and a dominant participant and to set up a degree of expected client value which will assist the house to work with net income. Another manner to show this is that the dominant house should put the regulations of the game between Sellerss and purchasers. One of the chief schemes in keeping competitory advantage is to take actions that stabilize the market every bit much as possible and exploit the economic systems of graduated table in one ‘s ain production.The statement here revolves around the impression that size affects the houses approach towards marketing determinations.
Bjerke and Hultman ( 2002 ) propose that in this epoch of dramatic societal and technological alteration, one attack for houses to set up and prolong long-run client relationship is through EM facilitated by a four-pillar model comprising of entrepreneurship, resources, procedures, and histrions ( enterpriser, organizing house, and web ) .Selling is a ambitious procedure for any organisation. In a study of enterprisers around the universe Hisrich ( 1989 ) found finance and selling to be the taking job countries for enterprisers. It is true that a theoretical account that works for one house may non work for another house. Many marketing gurus have been engaged in an on-going statement within literature as to the really nature of selling and the tantrum between theory and pattern. Indeed there has been a turning and focussed literature that the SME conducts a different type of selling to that of the big house. For illustration, big houses are likely to follow set processs of selling ( e.
g. outsource selling attempts, etc. ) . Smaller houses more frequently conduct their ain selling runs in house. The chief ground behind carry oning in house selling is capital and hard currency restraints.There are besides ideas that suggest that such selling activity represents selling in its purest signifier “ its selling but non as we know it ” ( Deacon and Corp 2004 ) . Indeed Carson, Gilmore and Grant claim that: “ SME ‘s do non conform to the conventional selling features of the selling text edition theories. ” However they are non the lone 1 in that position, nowadays it is progressively seen that selling as perceived and undertaken by enterprisers is really different to the constructs that are presented in conventional text editions and other theories ( Stokes and Lomax 2002 ; Hulbert, Day and Shaw 1998 ; Copley 2002b ; Forsyth and Greenhough 2003 ) .
Carson and Gilmore ( 2000 ) propose that the phase of the little endeavor traveling to medium endeavor ( SME ) lifecycle and the prevailing industry norms are two ‘fundamental pre-requisites ‘ this will demo the attack to selling taken by the SME. However these things must be placed against the background of the personal features of the owner/manager/entrepreneur as ‘the principle of the little house is the principle of the proprietor ‘ ( Bjerke and Hultman 2002 ) and the two can non be separated from each other in order to ease conceptual formation.The first of these life rhythm phase – suggests that as the little and average sized house maturates so does their attack to selling. The 2nd: conformance with industry norms – focal points on the industry norms in which the little and average sized ( SME ) house exists. Harmonizing to Fuller ( 1994 ) little houses normally conform to the norms that are steadfastly established within the industry to which the houses belongs, as a little house will non hold adequate resources or to the affair of fact even the motive to dispute industrial regulations. Historically it is apparent that industrial convention can be challenged by those outside the industry and progressively it is the little house with exceeding market detection and policies that can do such a challenge ( Enright 2001 ) .
For illustration, Kay ( 1995 ) points out that clients pay small involvement in industries but pay a batch of involvement to holding their demands met.Carson and Cromie ( 1989 ) claim that the personality of the enterpriser and the industry in which the entrepreneurial oriented house operates is likely to exhibit a market development orientation and that both are related to the overall organisational civilization. Deacon ( 2002 ) concurs that the “ personality ” of the house is connected to the personality of the enterpriser.
Overall, it is strongly argued that selling is performed otherwise in Small to Medium sized Enterprises ( SMEs ) than in big houses based on distinguishable dimensions. The manner that little and big houses approach marketing decision-making is different. Decision-making in big organisations tends to be made within ordered model and in extremely structured mode.
Decision doing in big companies frequently follows a clear hierarchy. Often the procedures are based on sound theories and recognized patterns. In little houses the determination devising procedure is different and tend to arise from and flux through the enterpriser or proprietor and it is their personality and manner that shape the nature of the determinations.Similarities in determination devising between the big corporations and little to medium sized endeavors include invention and creativeness, timeserving and non afraid to take hazards, etc.Finally, it is of import to province that, entrepreneurial selling must be regarded as a auxiliary to the bing general selling theories. The country is non radical in the sense that bing selling positions are regarded as being disused! But entrepreneurial houses, big every bit good as Small to Medium sized Enterprises, represent a significant portion of the economic system.
The selling behaviour of such houses demands to be considered within marketing boundaries ; such research has a batch to lend to the development of modern selling theory.The hereafter research will expose to what sort of influence will mainstream selling theories and concern behaviour on entrepreneurial selling will hold. The competition in the market and turbulency can be expected to increase. Present tendencies, such as technological developments every bit good as R & A ; D and fabrication of the goods at really low cost, offer chances to new participants and aggressive entrepreneurial houses to easy come in the market. Depending on their ability to work the new tendencies, little and average concerns can be expected to turn fast and besides increase their net incomes to a great extent.
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Entrepreneurial Marketing
Marketing is a management process for anticipating, identifying and satisfying customer requirements in a way that is profitable to an entrepreneur.it includes all efforts used to create, satisfy and retain the customer.
Entrepreneurial marketing is a unique set of marketing practices and methods used by entrepreneurs startups or small businesses to build and market sustainable businesses or help them to establish themselves in emerging markets.
Importance of marketing to entrepreneurial firms
- To gain competitive advantage
- To create awareness in the market
- To increase and retain customer base
- To enable firms to introduce new products and services in entrepreneurial firms
- To build customer trust and credibility
- To help the firm to achieve its objectives
- Market research provides firms with important information for decision making
- To help the entrepreneurial firm create customer references that are loyalty
- To help facilitate market expansion
Factors that make entrepreneurial firms unique
Firms have limited resources and hence for them to expand they need to leverage their resources accordingly. They can do this by exploiting uncommon resources and also by complementing one resource with another to create greater value. They can also use someone’s resources to market their product.
The small size of the entrepreneurial firms.
This leads to a low market share and a lack of marketing power.
Stiff competition from larger established firms with all the resources
Being unknown to customers or potential customers.
This leads to a lack of trust in their abilities or offerings.
Entrepreneurial marketing dimensions
- Proactiveness
Entrepreneurial firms need to be active by engaging in actions that might influence the firm’s environment to gain a competitive advantage.
- Risk-taking
Entrepreneurial firms can be risk-taking by developing a new product and by finding ways of penetrating the new markets.
- Innovation orientation
Firms need to be innovative by coming up with new products and services, distribution methods and new marketing methods.
- Opportunity focus
Marketing needs to be opportunity-driven and so the entrepreneurial firms need to focus on opportunities like satisfying needs in the market.
- Customer orientation
They should major on customer orientation so as to come up with creative approaches to customer creation.
- Resource leveraging
Firms develop a creative capacity for resource leveraging and this comes in the form of the ability to recognize a resource that is not optimally being used or a resource that can be used in a non-standard way.
It can also be done by leasing, contracting and outsourcing.
- Value creation
This involves the discovery of new sources of customer value and creating a unique combination of resources to create value.
It also refers to using existing resources in an unconventional manner to satisfy customer needs.
General Marketing
The Marketing Process
- Market research
Market research is all about gathering market information about customers and their needs, trends, competitors, products, and services existing in the market.
Market research enables;
- Identification of problems
- Making of product mix decisions
- Understanding customers
- Decision making
Market analysis sets the base for the need to analyze your market to be able to understand trends, size of the market
- Marketing strategy formulation
This helps to;
- Satisfy customers in the selected market
- Achieve objectives
The right marketing strategy should enable you;
To sell benefits either products or services profitable in a way that supports your objectives and it should fit in your capabilities as an entrepreneur.
The entrepreneur should make marketing mix decisions that will help them implement their strategy.
- Marketing mix decisions
It is a combination of various variables that influence the demand or purchase of a given product or service. They are used by a firm to generate the desired response in a target market.
They include;
- The value proposition of the product
Quality-this refers to meeting the basic standards.
Quantity-this refers to being enough to satisfy the needs of the customers.
Design of product
Ease of use
Reliability
This basically is the trademark of the product that uniquely identifies it from the rest of the products and services in the market.
It should be distinctive and it should not violate other brands or be offensive in any way
This is a communication tool for the product.
The packaging should be attractive and convenient.
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Marketing Plan for Entrepreneur Essay
MINISTRY OF EDUCATION AND SCIENCE OF THE REPUBLIC OF KAZAKHSTAN INTERNATIONAL ACADEMY OF BUSINESS Chair of Management and Marketing COURSE PAPER Written for the “Business Organization” course on the topic: “MARKETING PLAN FOR ENTREPRENEUR” Prepare by: 3rd year student Full time, group MN – 0901; C.
A. Sankova Checked by: Houman Sanandaji, Senior Lecturer Almaty 2010 Content INTRODUCTION. 5 Chapter 1. THE ESSENCE, TECHNIQUES AND STRATEGIES OF MARKETING PLAN AND ITS CONTROL6 1. 1 The concept and the essence of marketing.
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6 1. 2 Components of marketing research. 1. 3 Stages of marketing research process8 1.
4 Marketing plan and its essence. 9 1. 5 Marketing techniques.
10 1. 5. 1 Marketing techniques in general. 10 1. 5. 2 Business behavior: marketing11 1.
5. 3 Advertising, promotion, packaging and branding12 1. 5. 4 Sponsorship13 1. 6 Types of marketing strategies14 1. 7 The system of marketing control.
16 Chapter 2. DESCRIPTION OF THE LIBRARY OF ZHAMBIL AND INCREASING OF DEMAND THROUGH MARKETING PLAN. 19 2. 1 Executive Summary19 2. 2 Situation Analysis20 2. 3 Market Summary20 2.
3. 1 Target Markets20 2. 3. Market Geographic21 2.
3. 3 Market Demographics21 2. 3. 4 Market Behaviors21 2. 3. 5 Market Needs and Demands22 2.
3. 6 Market Trends22 2. 3. 7 Market Growth23 2.
4 SWOT Analysis23 2. 4. 1 Strengths23 2. 4. 2 Weaknesses23 2. 4. 3 Opportunities23 2. 4.
4 Threats24 2. 5 Alternative Providers24 2. 6 Keys to Success24 2. 7 Critical Issues25 2. 8 Marketing Strategy25 2. 8. 1 Mission25 2. 8.
2 Marketing Objectives26 2. 8. 3 Financial Objectives26 2. 9 Target Markets26 2. 10 Positioning26 2. 11 Strategy27 2. 12 Implementation28 2. 12.
1 Marketing and Promotions Team28 2. 3 Contingency Planning29 Chapter 3. IMPROVEMENT OF MARKETING MANAGEMENT ACTIVITIES AND SUGGESTIONS FOR THE ORGANIZATION OF EVENTS29 3. 1 Organization of library services. Attracting readers to the library.
30 3. 2 The content and organization of work with readers. 30 3. 2. 1 Questionnaire “Readership Libraries30 3.
3Working with the readers and customers32 CONCLUSION36 REFERENCES:37 INTRODUCTION. Marketing is an integrated system of organization and management of the company, aimed at maximizing sales, achieving high efficiency of trade operations and expand market share.In other words, this is a special management concept, in which all the activities of firms subject to the ultimate goal are effective marketing. Any business must be able to evolve and innovate to be ahead of the competitors and this can be achieved through a strategic marketing plan which will define goals and the direction to reach them. A marketing plan is a systematic process of evaluating marketing opportunities and resources, determining marketing objectives, and developing a plan for implementation and control. It outlines the company’s strategy to create, satisfy and maintain customers.The marketing plan links marketing activities with marketing and strategy objectives and is important in ensuring the company’s focus and direction. I believe marketing is very relevant topic in today’s world and interest to it is growing from year to year.
In any business it is important, if not vital, to know your competitors and what you are going to be competing against, to develop and sustain competitive advantage. Understanding your customers either potential or existing, means to develop your marketing strategy around them, for without an adequate market plan, any business will not be profitable.Successful marketing means providing the right service in the right place at the right price, and promoting it so that everyone knows about it. Therefore I chose the topic of term paper “Marketing Plan of entrepreneur. ” The aim is to study and development of methodological principles of management of marketing activities, identifying weaknesses, analyses and design.
The object of study is the Zhambil Library, which is the non profit enterprise strongly in need of active marketing promotion. I conducted a situational analysis, analysis of the competitive environment, and presents data on the characteristics of overall library’s activity.In order to improve marketing activities, I propose several strategies and programs that will help identify customers’ choices especially young ones, active communication with visitors in order to receive feedback, organization of competition, and thematic events within the library’s boundaries to attract as many readers as possible and increase overall interest to libraries. In the course work used a number of schemes organized structures used in marketing activities which can be analyzed to choose the best option. Chapter 1.THE ESSENCE, TECHNIQUES AND STRATEGIES OF MARKETING PLAN AND ITS CONTROL 1. 1 The concept and the essence of marketing. Company can build its management based on different concepts -financial, by accounting the best areas of expenditure and investments; competitive, displacing any way a competitor from the market, commodity, improving quality indicators of their products, etc.
However, at present time the greatest effect in the management gives marketing concept, focused on researching and satisfying certain target market.Marketing (from the English, market – place where people buy and sell things) – a market concept of management supply scientific and technological activities of firms and enterprises, aimed at studying the business environment, market specific requests from customers and focus on them manufactured goods and services. The objectives of marketing – and the formation of stimulating demand, providing validity of the managerial decisions and plans of the company (enterprise), as well as increased sales, market share and profits.Produce what is sold, rather than sell what is produced [1] – main slogan of the marketing approach in the management of scientific and technical activities, production and marketing for any company. In other words, before you produce, the company must conduct information thoroughly, study the needs of specific customers, in accordance with those obtained data to refine and improve the product and then go with this commodity on the market – not vice versa, to produce goods, and then test serious difficulties in respect of its sale.Marketing – it is not imposing and pushing produced unknown commodity in market, but developed the concept of scientific analysis and accounting buyers’ requirements, the requirements of specific market segments and development in accordance with identified needs of the new product. This system is represented by sales organization, using incentives and advertising. It is also a system of distribution network channels movement of goods (intermediaries, branches, etc.
) Marketing – is the ability to stand on the other side of the counter and look at business from customers’ point of view.This ability to find and retain customers satisfies better and faster than the competitors. Creating the conditions for maximum adjustment of production to market requirements, to the structure of demand on the not on the basis of immediate benefit, but on long-term perspective.
The modern concept of marketing is that all activities of the enterprise based on knowledge of consumer demand and its behavior in the future. In implementing the marketing concept, main focus should be on economic decision: decisions shifted from production units of enterprise to links, to feeling of the pulse of the market. .
2 Components of marketing research. Market Research is the process of research and investigation for essential information that may influence the success of any business. In other words, marketing research is “The systematic gathering, recording and analyzing data about problems relating to the marketing of goods and services”. Components of marketing research are: 1.
Market Research. It covers the aspects regarding the size and nature of the market including export markets dividing the consumers in terms, of their age, gender, income (market segmentation), economic aspects of arketing, etc. 2. Sales Research. This relates to the problem regional variations in sales fixing sales territories, measurement of the effectiveness of salesman, evaluation of sales methods and incentives, etc. 3. Product Research.
This relates to the analysis of strengths and or weakness of existing product testing problems relating to diversification, simplification, trading up and trading down (all product line decisions), etc. 4. Packaging Research. In essence, it is a part of product research.But the recent development in packaging and its contribution in the advertising made it to occupy an independent position. This necessitates a separate study concerning the aspects of package to know its impact and response in the market. 5.
Advertising Research. It undertakes a study relating to the preparation of advertisement copy (copy research in which focus groups analyze content prior to airing. This specialized field of marketing research determines an ad’s effectiveness based on consumers’ responses during pre-testing.
It covers all media channels including print, TV, radio, Internet etc. ), media to be used (media research) and measurement of advertising effectiveness. 6. Business Economic Research. Problems relating to input-output analysis, forecasting, price and profit analysis, and preparation of break-even charts are the main fields of the research. 7.
Export Marketing Research. This research is intended to study the export potentials of the product. In such cases any or all kinds of research mentioned above become necessary. 1. Stages of marketing research process Stage 1: Problem Definition. The first step in any marketing research project is to define the problem. In defining the problem, the researcher should take into account the purpose of the study, the relevant background information, what information is needed, and how it will be used in decision making. Problem definition involves discussion with the decision makers, interviews with industry experts, analyses of secondary data, and, perhaps, qualitative research, including focus groups.
Once the problem has been precisely defined, the research can be designed and conducted properly. Stage 2: Development of an Approach to the Problem. Development of an approach to the problem includes formulating an objective or theoretical framework, analytical models, research questions, hypotheses, and identifying characteristics or factors that can influence the research design. This process is guided by discussions with management and industry experts, case studies and simulations, analysis of secondary data, qualitative research and pragmatic considerations.Stage 3: Research Design Formulation. A research design is a framework or blueprint for conducting the marketing research project.
It details the procedures necessary for obtaining the required information; its purpose is to design a study that will test the hypotheses of interest, determine possible answers to the research questions and provide the information required for decision making. Conducting exploratory research, precisely defining the variables, and designing appropriate scales to measure them are also a part of the research design.The issue of how data should be obtained from the respondents (for example, by conducting a survey or an experiment) must be addressed. It is also necessary to design a questionnaire and a sampling plan to select respondents for the study. More formally, formulating the research design involves the following steps: Secondary data analysis Qualitative research Methods of collecting quantitative data (survey, observation, and experimentation) Definition of the information needed Measurement and scaling procedures Questionnaire design Sampling process and sample sizePlan of data analysis Stage 4: Field Work or Data Collection Data collection involves a field force or staff that operates either in the field, as in the case of personal interviewing (in-home, mall intercept, or computer-assisted personal interviewing), from an office by telephone (telephone or computer-assisted telephone interviewing), or through mail (traditional mail and mail panel surveys with pre-recruited households). Proper selection, training, supervision, and evaluation of the field force help minimize data-collection errors.
Stage 5: Data Preparation and Analysis. Data preparation includes editing, coding, transcription, and verification of data. Each questionnaire or observation form is inspected, or edited, and, if necessary, corrected. Number or letter codes are assigned to represent each response to each question in the questionnaire. The collected data from the questionnaires are transcribed or key-punched on to magnetic tape, or disks or input directly into the computer.
Verification ensures that the ata from the original questionnaires have been accurately transcribed, while data analysis, guided by the plan of data analysis, gives meaning to the data that have been collected. Univariate techniques are used for analyzing data when there is a single measurement of each element or unit in the sample, or, if there are several measurements of each element are analyzed in isolation. On the other hand, multivariate techniques are used for analyzing data when there are two or more measurements on each element and the variables are analyzed simultaneously.Stage 6: Report Preparation and Presentation. The entire project should be documented in a written report which addresses the specific research questions identified, describes the approach, the research design, data collection, and data analysis procedures adopted, and present the results and the major findings. The findings should be presented in a comprehensible format so that they can be readily used in the decision making process.
In addition, an oral presentation should be made to management using tables, figures, and graphs to enhance clarity and impact.For these reasons, interviews with experts are more useful in conducting marketing research for industrial firms and for products of a technical nature, where it is relatively easy to identify and approach the experts. This method is also helpful in situations where little information is available from other sources, as in the case of radically new products. 1.
4 Marketing plan and its essence. A Marketing Plan is a written document that details the actions necessary to achieve a specified marketing objective(s). It can be for a product or service, a brand, or a product line.It can cover one year (referred to as an annual marketing plan), or cover up to 5 years. A marketing plan may be part of an overall business plan. A complete, written marketing plan contains seven main components: 1. Market research and analysis: The first component of a marketing plan allows you to gather pertinent information about the potential market for your product(s) and/or service(s), evaluate strengths and weaknesses, and identify a target audience. 2.
Marketing and financial goals and objectives: This component of a marketing plan consists of defining your marketing and financial goals and objectives.The goals and objectives will help you focus and evaluate your marketing efforts. 3. Marketing mix: The marketing mix component of a marketing plan describes the specific strategies you will implement to reach your target audience, entice the target audience to spend their money, and create a desire in them to return to your enterprise. Strategies covering the 4 P’s of marketing (product, price, place, and promotion) are developed. 4. Marketing budget: This component of a marketing plan consists of developing a marketing budget, which will allow you to plan for marketing expenditures.
. Monitoring and evaluating market response: This component of a marketing plan describes the strategies you will use to monitor and evaluate the market response to your marketing strategies. Evaluating the effectiveness of your marketing plan will allow you to make adjustments to meet your goals. 6.
Contingency plan: The contingency plan describes possible adjustments to make to your strategies if your marketing tactics are more or less effective than originally planned. 7. Marketing plan checklist: The final component of your marketing plan is a marketing plan checklist.This checklist allows you to summarize the tasks that need to be accomplished to put your plan into action. 1. 5 Marketing techniques. 1.
5. 1 Marketing techniques in general. A marketing strategy is an overall marketing plan designed to meet the needs and requirements of customers. [3, p. 135] The plan should be based on clear objectives. A number of techniques will then be employed to make sure that the marketing plan is effectively delivered. Marketing techniques are the tools used by the marketing department. The marketing department will set out to identify the most appropriate techniques to employ in order to make profits.
These marketing techniques include public relations, trade and consumer promotions, point-of-sale materials, editorial, publicity and sales literature. Table1 – Three stages of marketing techniques [pic] Market research enables the organization to identify the most appropriate marketing mix. The mix should consist of: the right product sold at the right price in the right place using the most suitable promotional techniques To create the right marketing mix, marketers have to ensure the following: The product has to have the right features – for example, it must look good and work well. The price must be right.Consumers will need to buy in large numbers to produce a stable profit. The goods must be in ‘the right place at the right time’.
Making sure that the goods arrive when and where they are wanted is an important operation. The target group needs to be aware of the existence and availability of the product through promotion. Successful promotion helps a firm to spread costs over a larger output. Finally techniques need to be applied to monitor the success of marketing activity. For example when carrying out advertising it is helpful to track consumer awareness of the adverts and their messages.Evaluation can also take the place of other aspects of the marketing mix e.
g. which distribution channels were most effective? Was the chosen price the right one? 1. 5. 2 Business behavior: marketing Today businesses have an increasing market focus.
If organizations are to serve the needs of their customers they need to be structured in such a way as to identify and meet customer requirements. Businesses therefore need to behave in such a way that they recognize the needs of the customer. A company prospers best when everyone in it believes that success depends on the excellence of his or her contribution.Short-term decisions made several times a day by individuals determine the quality of that day’s work. The governing principle should be that everybody has a customer – either outside the company (the traditional ‘customer’) or inside the company (the internal customer).
Both kinds of customers expect to be supplied with the product or service they need, on time and as specified. The principle holds good for everyone in the company, whatever their level of skill and experience, whether their ‘product’ is answering a phonecall in a helpful way or masterminding a major new project. It works to everyone’s benefit.It gives the individual genuine responsibility and scope for initiative and it virtually guarantees that the company’s performance will be improved. However, individual behaviors will only match the organization objective of being customer focused if the right sorts of structures are created. Hence the importance of developing structures such as team working and empowering employees to make decisions rather than be told what to do.
Modern companies like Travis Perkins (builders merchants), and Argos (catalogue retailer) have recognized the importance of team working in motivating employees and in providing close links to the consumer.By encouraging staff to listen to consumers these organizations are best placed to provide the products and the services that ensure ongoing business success. Empowerment is the process of giving increased power and responsibility to employees at all levels within an organization. It involves placing more trust in them. Decentralization is the process of handing down power from the corporate centre (e. g. Head Office) to the various parts of the organization. [3, p.
164] 1. 5. 3 Advertising, promotion, packaging and brandingAdvertising, promotion, packaging and branding are important marketing tools which are used to make products and services more desirable and hence increase sales and profits. Any form of publicity is advertising.
There are two main forms of advertising although in practice the two are inter-related. The informational aspect of advertising involves providing information about products, services, or about important issues. For example, the government provides information about the dangers of cigarette smoking, which is an example of informative advertising.Persuasive advertising goes further and uses a persuasive message, for example by: showing a famous personality (e. g. Gary Lineker) using the product comparing the advantages of one product with another using sex appeal [4] There are a number of processes involved in producing effective advertising, including: identifying the most appropriate market segments to target the advertising choosing the best possible media, e. g.
television, radio, posters etc projecting the right message in the adverts getting the timing of the advertisements right racking the effectiveness of the advertising, e. g. checking to see how many people can recall the advert and its message. Advertising is just one way of promoting a product. Promotion is the business of communicating with customers. There are number of ways of promoting products and services, including: in-store promotion e.
g. giving away free samples in a supermarket publicity in the media, competitions, and sponsorship PR – public relations activities – i. e. presenting the public image of a company to a wide audience presenting products in attractive packaging reating an attractive brand for a product. 1.
5. 4 Sponsorship Packaging typically refers to the material in which a product is packed – or more specifically, the surface design on the material. However, a wider definition includes all the various aspects of presenting a product – e. g. the shape size and appearance of the packaging, color and design, the convenience of using the packaging etc. A brand is a product with a unique, consistent and well recognized character. The branding of the product therefore involves projecting and developing this character.The uniqueness can come either from an actual product or from its image – usually created by its manufacturer through advertising and packaging.
The consistency comes mainly from the consistence of its quality and performance, but it also reflects the consistency of the advertising and packaging. A brand is well-recognized because it has been around for a long time. It takes years to develop a brand. Shell has spent over a hundred years developing its brand image through the well known Shell pecten, the registered trade mark of the Shell Group of Companies that has been serving Shell well for the last 100 years..Audi is associated with its easily recognized four rings logo.
McDonald’s is associated with its twin arches. Sponsorship is an important way of promoting the name of an organization. Many sports and arts organizations rely on support from sponsors.
For example Vodafone is a major sponsor of Manchester United Football Club, and Bic sponsored Martin Johnson the England World Cup rugby captain. In return for sponsorship of a sports club or art event the name of the sponsor will be mentioned prominently on advertising hoardings, publicity materials, program and other literature associated with the club or event.The term ‘above-the-line’ advertising and promotion refers to media such as TV, radio and press, for which commission is paid to an advertising agency. ‘Below-the-line’ comprises all media and promotional techniques for which fees are paid in preference to commissions – these might include exhibitions, sales literature and direct mail.
[3, p 185] 1. 6 Types of marketing strategies Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. [5, p. 78]Every marketing strategy is unique, but if we abstract from the individualizing details, each can be reduced into a generic marketing strategy. There are a number of ways of categorizing these generic strategies. A brief description of the most common categorizing schemes is presented below: 1.
Strategies based on market dominance – In this scheme, firms are classified based on their market share or dominance of an industry. Typically there are three types of market dominance strategies: Leader Challenger Follower 2. Porter generic strategies – strategy on the dimensions of strategic scope and strategic strength.Strategic scope refers to the market penetration while strategic strength refers to the firm’s sustainable competitive advantage. Cost leadership Product differentiation Market segmentation [6, p.
93] 3. Innovation strategies – These strategies deal with the firm’s rate of the new product development and business model innovation. It asks whether the company is on the cutting edge of technology and business innovation. There are three types: Pioneers Close followers Late followers [6, p. 95] 4.
Growth strategies – In this scheme we ask the question, “How should the firm grow? ”.There are a number of different ways of answering that question, but the most common gives four answers: Horizontal integration Vertical integration Diversification Intensification [6,p. 96] 5. A more detailed scheme uses the categories: Prospector Analyzer Defender Reactor 6.
Marketing warfare strategies/Warfare based strategies- This scheme draws parallels between marketing strategies and military strategies. [6, p. 96] Marketing Budget. A marketing budget is an estimate of projected costs to market your products or services.
A typical marketing budget will take into account all marketing costs e. g. arketing communications, salaries for marketing managers, cost of office space etc. However much of the budget is concerned with marketing communications e. g. public relations, website, advertising, etc. Both are considered here.
The costs in a marketing budget will be allocated according to the campaign and the media to be utilized. Some prior research will be necessary for the cost estimates to be as realistic as possible. This is called advertising or marketing communications research. Helpful Pre-budgeting Research 1. Industry and Market Research 2. Competitor Analysis/SWOT 3. Internal marketing performance records e. .
marketing metrics, marketing controls. 4. Marketing Audit. Knowledge of key industry and market factors must be taken into account when developing your marketing plan. Your plan will also be influenced by researching your competition. You will want to allot funding in a way that exploits the weaknesses of your competitors and emphasizes your strengths.
Other information that can guide your spending plan is found in your internal records. What advertising expenditures have proven successful for your business? For example, you can review internal records and determine the return on investment of your advertising dollars.A periodic examination of the performance of these records may lead you to drop certain media that have not proven fruitful.
Typical general marketing expenses: Advertising agency commissions Salaries for marketing managers Salaries for marketing support e. g. marketing assistants.
Office space Fixtures and fittings Travel costs Other direct and indirect marketing costs, including marketing communications costs (see below). Typical marketing communications costs: Personal Selling Public Relations Printing Mailing Website Development & Hosting Brochure Design Advertising Television Advertising Radio AdvertisingDirect Marketing Newspaper Advertising Proposal Development/bid submittal Networking Event Attendance Sales Promotion Many other marketing communications tools. Marketing budgets ensure that your marketing plan or campaign is realistically budgeted. Some pre-budget research into your industry and market, your competitors and your business’s historical marketing metrics helps marketing managers make a more informed calculation. You should cost out all general marketing and marketing communications expenses. You could also work in conjunction with an accountant to make sure that the figures are complete and realistic.
. 7 The system of marketing control. Marketing control is the process of monitoring the proposed plans as they proceed and adjusting where necessary. [7, p. 358] If an objective states where you want to be and the plan sets out a road map to your destination, then control tells you if you are on the right route or if you have arrived at your destination. Control involves measurement, evaluation, and monitoring.
Resources are scarce and costly so it is important to control marketing plans. Control involves setting standards. The marketing manager will than compare actual progress against the standards.Corrective action (if any) is then taken. If corrective action is taken, an investigation will also need to be undertaken to establish precisely why the difference occurred.
Table 2 – The process of marketing control [7, p. 360] [pic] There are many approaches to control: Market share analysis. Sales analysis.
Quality controls. Budgets. Ratio analysis. Marketing research. Marketing information systems (MkIS). Feedback from customers’ satisfaction surveys. Cash flow statements. Customer Relationship Management (CRM) systems.
Sales per thousand customers, per factory, by segment.Location of buyers and potential buyers. Activities of competitors to aspects of your plan. Distributor support. Performance of any promotional activities. Market reaction/acceptance to pricing polices. Service levels.
Also, this process assists the marketing managers by guiding their marketing efforts within parameters established by the environment and internal resources. The control function should be placed on high importance, as it does not only control and evaluate activity, but it assists managers in developing their skills in order to provide sound management of this function.The proven objectives and purposes of the plan are as follows: It ensures that the chosen sphere of marketing activities is optimal for the company. Assists in measuring customer satisfaction. Ensures that the marketing objectives set forth by the company during the planning stage are achieved. Re-evaluates objectives and the marketing performance.
Evaluates the level of adoption of the marketing concept within the marketing function and other functions at the company. Tests new services, new advertising and promotional campaigns, etc. Explains why success was not achieved and suggests methods for avoiding future failures.Helps to identify the individuals responsible for success or failure of the marketing plan. Assists in modifying individual behavior within the organization. Develops a better understanding of the various marketing activities and the influence of the marketing mix variables on such activities.
Helps marketing managers develop a capacity to establish forecasts and evaluate existing programs and future marketing plans. Control is of major importance for the success of marketing productivity. The work program is designed to assist Management in keeping the Bank on the course to success is detailed in the following table: Table 3 – Controls Chart Activity |Performed by |Date / Frequency | |Complete Performance evaluation of sales staff|Marketing Manager |Annually | |Review salaries and other incentives of the |Marketing Manager |Annually | |sales staff | | | |Measure financial results against projections |Marketing Manager / Accountant |Monthly / Quarterly / Annually | |Carry out survey to determine customers’ |Internal Audit |Annually | |satisfaction with the product and the service | | | |quality.
| | |Diagnose any gap / shortfall to identify the |Internal Audit |As necessary | |causes for such gap / shortfall and recommend | | | |corrective measures | | | |Take corrective action |Marketing Manager |As necessary | Chapter 2. DESCRIPTION OF THE LIBRARY OF ZHAMBIL AND INCREASING OF DEMAND THROUGH MARKETING PLAN. 2. 1 Executive Summary The value of public libraries is immeasurable. Public Library of Zhambil offers highly valued, heavily utilized and successful collections, services, programs and activities. However, unfortunately, in our time, the library does not have widespread popularity among the younger generation. In my opinion, libraries in our modern society need some promotions and actions in order to be closer to people. Marketing investigation included in marketing plan are the best way to solve the problem of low demand.
The success of the library will be built on the ongoing development and monitoring of collections, programs, services and importantly staff based upon always listening to and researching the needs and demands of local community and customers. The Public Library of Zhambil Marketing Plan encapsulates the sector and community knowledge with particular focus on: Building and maintaining up-to-date collections; Providing access to information from around the world; Providing access to technology and internet; By delivering education programs for all target groups Establishing stronger relationships with key stakeholders, including local schools and community groups; Understanding and planning resource needs (financial and human)Obtaining and utilizing user and non-user feedback, evaluation and survey information/research to improve responsiveness and inform forward planning. 2. 2 Situation Analysis Public Library of Zhambil has just featured in the press as a reputable, quality public Library service. There has been an increased interest in the community in its collections, education programs, online resources, and information services. Currently, traditional library services are widely available to the public, but there has been a call for more education programs and online resources. Therefore, library should take advantage of this current popularity to grow in funding and in community usage.
2. 3 Market SummaryThe Library is experiencing growth in interest in public library services from the community and the current trend in education programs, online database and internet use. Also our demographics are widening and are encompassing more and more people from different life styles and backgrounds. There is definitely an opportunity here to be seized. 2. 3. 1 Target Markets Table 4 – Changing of amount of library customers during 2007-2011 years. |Market Analysis (Example) | |Potential Customers |Growth | 2.
3. 2Market GeographicAs a library service it doesn’t have the flexibility to offer all its services outside our local government area. However by developing, Improving and marketing its services library has the ability to both grow our community usage and to attract customers from outside our area. 2. 3. 3 Market Demographics Most people go to the public library to use or borrow from the collections for study or recreational purposes.
Since other options are available for accessing collection materials i. e. other libraries, bookshops, online, an existing library user is not a hard sell. They want to be there. They have made a conscious choice about how they wish to access books etc.
These people can be anyone – library’s core services are free and its demographic data indicates that it attracts a wide cross section of customers with sizeable numbers of students, parents, children, young adults and seniors. Last survey confirmed that more than 85% of Public Library’s current customers: Placed a high value on free public library access; Viewed the library as a place where they could improve their educations and minds; Considered collections to be the most important factor and; Considered technology and online access of growing importance. 2. 3. 4 Market Behaviors Library customers are loyal and they will visit on average once a month.Students, however, want more and more access for study and education programming to enhance their school; College and University studies and their visitation rates are on average twice per week during semester times.
Growth in demand for ‘Culturally and Linguistically Diverse’ (CALD) programming has also seen an increase in frequency and type of use e. g. Adult CALD customers have moved from being largely a ‘borrower’ group to also attending CALD education and recreation programs.
Other market behavior changes to note and monitor are: Growth in 55+ user group; Growing demand for more services to be accessed remotely via home/business computers;Growth in usage and demand for curriculum based education programs, self-help programs and health programs; and Growing demand for an increase in branch opening hours. 2. 3. 5 Market Needs and Demands The value of public library services is immeasurable. The WPLS offers a wide variety of cross-target group services and programs to members and non-members including physical collections, online resources, study and reading spaces, children’s and youth activities and self-growth and education programs, for example: Programs for students are largely secondary school based with particular focus on achieving better results in the Higher School Certificate.
Programs for adults (including CALD – Cultural and Linguistic Diverse) are largely self-help with particular emphasis on technology, parenting, health and literacy. The market also has the following needs and demands (as determined from demographic analysis, annual survey results, program evaluations and customer suggestions: Table 5 – Needs and demands of library customer market. |Needs |Demands | |Development of new CALD collection |Increase in branch weekend opening hours i. e. all day Saturday| |Expand education program and collections to reflect issues |Remote access to online databases | |affecting the community i.
e. | |Caring for the Environment | | |Personal safety | | |Internet safety | | |Small Business | | |Retirement planning | | | |More publicly available PCs for internet and word processing | 2. 3. 6 Market Trends The trend in public libraries is towards breaking traditions and discovering new ways to deliver services while still maintaining traditional core services. For example, customers expect both a traditional reference collection (monographs and serials) and access to online resources. There is also a growth in customer expectation that a reference query can be submitted at any time via the web.
2. 3. 7 Market Growth The market trends discussed in the previous topic point toward a market growth currently estimated at 30% for the next two years.Library’s executives would like to take advantage of this and try to create growth in its membership by at least 25% by expanding its programs, and by matching collections and accessibility better to needs and demands. 2. 4 SWOT Analysis 2.
4. 1 Strengths Dedication of staff and management Creativity of staff members A cooperative work environment Members are satisfied overall with services, programs and collections (high satisfaction rates). Administratively efficient.
Offer affordable value-added services. Support of senior management and Councilors. Venue size 2. 4. 2 Weaknesses Limited number of professional and para-professional staff. Labor intensive processes. Limited number of staff trained to be trainers.
Limited promotions expertise. Limited hours of operation. Limited public access technology. Limited financial resources. 2.
4. Opportunities Local Press/Media. Partnership with local schools.
Partnership with local community groups. RFID and other enabling technologies Closeness to major public transport hub and schools. Cooperative and complementary projects, services and programs with surrounding Council library services Programs facilitated by individuals, groups and entities for the community at the library.
Outsourcing selected services or operations 2. 4. 4 Threats Unsuccessful grant applications. Reduction in capital funding allocations for materials. Competitive experiences i.
e. services and programs offered by other library services. Ageing infrastructure.Shortage of specialist library professionals creating a very competitive job market.
2. 5 Alternative Providers Other public libraries offer similar or same services, however opportunity exists to develop niche services such as child care (creche); coffee shop/cart; and wireless internet ‘hotspot’ access for customers. Other public libraries offer a similar breakdown of collections by type and target grouping. Public Library of Zhambil has on average a stock that is more up to date and with greater turnover than most neighboring services with the added bonus of a larger CALD collection.
Services and programs Include: Lending Reference Children’s Youth Local Studies/Family History Corporate Tutoring/Homework HelpStudy facilities and rooms Education Programs Home Library Service Copying Service Venue Hire Internet / Public Access Technology 2. 6 Keys to Success The following we consider to be our keys to success: Qualified, experienced and committed staff. Supportive executive and councilors. Large meeting/seminar rooms.
Funding to support collections (consistent over many years). Volunteers. 2.
7 Critical Issues Library has a solid foundation of dedicated staff that makes things happen, but its business depends on their ability to be able to undertake both core and value-added activities. Time commitments have taken their toll on staff and the risk of ‘burn out’ is high.Managing customer expectations is also a critical issue as today’s library patron is less patient and often more demanding of staff time. Other critical issues include: Insufficient floor space for adequate target group and activity separation e.
g. youth dominating study space making it difficult for other groups such as adults to access reference services. Ageing infrastructure i. e.
building needs major renovation and redesign to meet today and tomorrows expectations. Technology control i. e. labor intensive and overly hands on for staff. Insufficient technology access i. e. demand outstrips availability by 30% on average.
2. 8 Marketing Strategy The Public Library of Zhambil has a talented pool of staff to draw from.They plan to use their combined effort to: Establish a stronger relationship with their local community, community groups, schools, other education providers, neighboring library services; Develop an organizational resource plan – both financial and human resources to better inform their Council and to increase their ability to receive more funding; Develop and re-develop new and existing programs and activities; Develop and manage their collections They will achieve these strategies by: Undertaking (regular) reviews of services, programs and collections; Regular survey of customer and other stakeholder needs; Developing accurate and monitored collection profiles;Update and monitor the Library’s Collection Management Policy; Development of a customer service charter and service level agreements. Library’s strategies are based on the concept that Quality performance generates repeat usage. 2. 8. 1 Mission Public Library of Zhambil was created to bring reading and literacy, information, education and technology access to people from all life style.
It is dedicated to and play a leadership role in, bringing quality services, collections; self-growth and social wellbeing to our community. 2. 8. 2 Marketing Objectives Increase the usage and membership by at least 25%. Develop promotional packages for all services, collections and programs.Increase attendance at library activities and programs by 25% over the next 12 months.
Formalize relationships with local education providers – schools, colleges and universities. Meet regularly with State Library of Public Library Consultants for information exchange and advice. 2. 8. 3 Financial Objectives Library Institution’s financial objectives include the following: Increase its marketing funding by 50% over the next two financial years. Increase capital funding by 5% in next years budget and at least 5% each year after that.
Seek Grant funding for service development purposes – in line with marketing and business plan objectives and strategies. 2. 9 Target MarketsThey are targeting a general audience that consists of adults, children, young adults and seniors target groups with an interest in reading, study, technology access and self-improvement. They are also targeting parents of children from the ages of 5 to 16 for activities, programs and after-school programs. Other target markets for them include teachers and other educators from all levels of education (They offer a vital and valuable service for their students and heavily support their curriculum needs.
). 2. 10 Positioning A service for all sections of the community who value access to information and recreational resources; reading; self-education and other programs and activities; study etc including: Table 6 – Zhambil library’s customer categories Adults |Parents | |Children |CALD | |Teenagers / Young Adults |Business (including Council) | |Seniors |Students and Educators | The Public Library of Zhambil service provides this via its widely acclaimed, innovative and popular services, collections, programs and a dedicated staff. 2. 11 Strategy Table 7 – Strategy focused on partnership and alliances and necessary actions to implement it Strategy 1: | |Partnerships and Alliances | |Strengthen their relationship with schools and other educational institutions | |Tactics: | |Connect with school administration/Principals | |Contact and communication with teachers/lecturers | |Connect with foreign libraries in order to borrow methods of management within the institution/share information/benchmarking | |Actions to implement our tactics: | |Host a library management and school principal’s forum (include lunch) bi-annually | |Host regular meetings (including morning and/or afternoon teas) for teachers with specialist library staff | |Seek invitations to attend any forums or meetings as appropriate at schools, colleges and universities | Table 8 – Strategy focused on involvement of celebrities and necessary actions to implement it Strategy 2: | |Involvement of celebrities | |Strengthen their relationship with celebrities for organizing together non-profit actions of support and development of | |libraries | |Tactics: | |1. Connect with representatives of the most popular and authoritative people. | |2. Disseminate information on the need to promote libraries by the outstanding personalities to attract the younger generation| |on the Internet. | |3.Enlist the support of government for providing such kind of activities. | |Actions to implement our tactics: | |Host a library management and school principal’s forum (include lunch) bi-annually | |Host regular meetings (including morning and/or afternoon teas) for all willing to help with specialist library staff | |Seek invitations to attract young generation revive interest in literature | Controls The implementation of their strategies and actions will be constantly monitored and reported to ensure Public Library maintains control over all processes.This will allow them to constructively ‘fine tune’ their actions and help avoid poor performance. It will also provide a means of reassessing their priorities and importantly help prevent wasting limited resources. Expected performance versus actual performance will be monitored and include: Quantitative measures: Level of activity, including trending to determine growth or otherwise based on plan strategies and actions i. e. increased attendance at programs; membership growth, turnover of stock etc Staff time allocated versus staff actual. Revenue and Expenditure comparisons (where there is a revenue component their aim will be to be at least cost neutral)Qualitative Measures Exit Interviews and Evaluations Surveys Comparative data from other library services Accountability monitoring (staff/team ability or inability to meet performance targets) Team meetings/feedback sessions 2. 12 Implementation The quality and quantity controls given above will enable library managers to detect any plan ‘blockages’ and to take meaningful and effective remedial action. It is important to note that along with customer feedback Library’s management will ensure that all levels of staff within the organization are consulted and/or given opportunities to provide feedback on their progress and suggested improvements.The management and Council place a high value on the views and expertise of its staff. 2. 12. 1 Marketing and Promotions Team The Library’s marketing and promotions team which will oversee the implementation of the plan will consist of the Library Manager, two (2) stakeholders, three (3) senior staff and one (1) representative from each level of the library service. They have divided responsibilities based on skill and have initially planned to hold weekly meetings (a meeting schedule will be developed after implementation commences based on need and availability of team members) to discuss progress and budget. All issues must be agreed upon fully before implementation. 2. 13 Contingency PlanningThe worst-case scenario is that they have to be prepared for a cut in next year’s budget or cut backs within the current or next years budget due to poor Council wide quarterly financial review results. This places great importance on increasing their revenue and on strategy based grant applications and sponsorship. Public Library of Zhambil also needs to be prepared for staff turn over (especially specialist staff) due to the current global shortage of specialist staff and the resulting competitive market. Staff succession planning is crucial and as such it will be important to get full involvement from all staff so a strategies success doesn’t rest entirely on the shoulders of any one given person.In order to assure that they continue the marketing programs, they must establish relationships with local businesses (like the local newspaper, chamber of commerce) in order to cover greater amount of population and inform them about changes and enrichment of the library. Chapter 3. IMPROVEMENT OF MARKETING MANAGEMENT ACTIVITIES AND SUGGESTIONS FOR THE ORGANIZATION OF EVENTS In today’s world of innovative technologies, high-speed Internet and access to any kind of information the library losing its popularity day by day. In my opinion only a strong and intense marketing plan and its diligent application may catch interest of today’s youth and attract its attention to the libraries. 3. 1 Organization of library services. Attracting readers to the library.In order to attract new readers to the library it can hold a slogan, “Bring a Friend! ” Information about its conduct may sound on the local radio and local newspaper. The library must determine its own system of benefits and services to its members. To become a party to the action, you must be a reader of the library and bring someone who is still not a reader. For each involved party to the action gets another benefit – a free night subscription (you can take the free one – two days home a book from the reading room of a unique fund), a two-hour free Internet access or a good book as a gift from the library. The action can be carried out within a month.Library professionals in the framework of the campaign conducted tours of the library, information, reviews, consultations and literature review of the most interesting publications of recent issues of journals. To attract the attention of readers to the library to help other campaign “The best book of our time. ” During the month, readers should cast their votes for “the best of the best” book. The library must have installed cabinets for voting. A month later, the counting of votes will take place, and the next day, it is best to live – a raffle. Of the three proposed options to guess the best book of our time, readers should choose one among them. 3. 2 The content and organization of work with readers.This subsection of the plan should distinguish between a well-organized book collection library, a rich meta-information environment, easy-to-use reference – bibliographic apparatus and high culture to meet readers’ queries. This section is worth looking at individual readers and maintains those activities that promote books and establishing warm contacts between the librarian and the user. For the librarian it is very important to have personal communication skills, ability to communicate with readers, because the library is a center of communication between users with professionally trained personnel. 3. 2. 1 Questionnaire “Readership Libraries Conduct survey of readers on the subject matter of reading reviews about the quality of library services. An example may serve the following forms: Dear reader!The staff of our library considers it a priority to improve the quality of services and improved working conditions for the readers. Organization of services to readers inevitably gives rise to certain problems for readers and library staff. We ask you to take part in the survey, conducted in order to improve service. Your opinion will make the necessary changes and take into account your needs and requests. Most of the proposed questions include answers. Check those that match your opinion. If you were not satisfied with any of the options please write your own idea. Thank you for your participation! 1. Your reader’s experience in library is __less than a year • 1 to 3 years • From 3 to 5 years • From 5 to 10 years • More than 10 years • How – the way 2.If you are visiting other libraries, name them, _________________ 3. How often do you visit our library (check only one) • Almost every day • Several times a week • As a rule, once a week • Several times a month • Several times a year • How – what else (if you have recently visited the regime has changed, please indicate) ______________________________________ 4. Today in the library you usually need: • find a specific document (book, article, etc. ); • identify all the literature on the narrow topic; • familiar with the basic literature on the subject; • find factual information; • read the new literature; • use the Internet; • Other _________________________. 5.For what field of knowledge, mainly related to your reading interests • Natural Sciences • Technology • Medicine • Social and Economic Sciences • Literature and Art • Other _________________________. To ensure the preservation of the libraries of the aura of spirituality to help these non-standard forms of work with readers: “Corner of the library news” It contains information on significant dates for the calendar, the latest updates to periodicals, congratulations to the library readers, polite requests in debt, thanks to active donors and participants share support libraries, announcements of support for the stock itself, and so on. “Bank of readers’ ideas” Beautifully and carefully assembled box ith the words (can be arranged in the shape of a cube), which rush to the written wishes that the readers would like to see in the library: what the exhibition, with a review of how to meet, to hear about any updates, what action should be to the library, advice on the design of a more interesting season ticket and so on. Stand, “Our opinion”. Here are placed opinions from readers about the culture of service and quality satisfaction, suggestions for improving the work of librarians and a quick search for sources, which would like to see the books in the library, and so on. “Book reader reviews,” in which readers write reviews of books read, recommend interesting to read others, and what are advised not to take and explain why. This may be a file “Read yourself – share with a friend. Only here the opinions are expressed on the cards and are arranged in alphabetical order of authors of books. Job of clubs’ “Life to Book” and “Library Board”. Members of the group “Life to Book” restoring books, repairing dilapidated. Circle “Library Board”: it helps in dealing with debtors, the book serves to house the elderly and disabled, is conducting a survey of readers, questioning, communicates with the public, provides information on library events and news references. You can begin to produce a library of the newspaper, “I was born gifted,” which placed the creative publishing literary works of the readers and the winners’ first attempt at writing.In order to search for extra-budgetary sources of acquisition fund to start a charity box “Support the library” (more profitable to put a glass version) and to conduct individual interviews with each user for financial contributions. To continuously support the library Actions to replenish the regular book fund innovations literature. Conduct a “Lottery for the drawing of the first 100 numbers of readers ticket” during the re-readers. One method of solving the problem of anti-debt readers to choose a reward for the timely return of books. 3. 3Working with the readers and customers In this section I outline activities in key areas of work. They are:The historical trend (historical themes, the political situation in the country, the Day of the Constitution, Civil Defense and Emergency Situations, world events, international relations, etc. ). Patriotic education (military theme for the Day of Defenders of the country, Day of National Unity, Independence Day of Kazakhstan) Study of local lore. Religion. Spirituality. Morality. (Study of Religious Problems can be carried out in order to best meet the spiritual needs of the population. Inclusion of religious – educational programs and activities in the plan of the library may, if they are informative in nature and not accompanied by a commission of religious observance. ) Ecological direction (natural science topics).The moral direction (pedagogy, ethics, culture of behavior, to the International Children’s Day, the Day of Knowledge, Teacher’s Day, the Day of an elderly person, the 8th of March, Mother’s Day, the International Day of Persons with Disabilities) • Healthy lifestyle (the formation of the readers plants on healthy lifestyles and prevention of antisocial phenomena – homelessness, alcoholism, drug abuse and crime among teenagers). • Charity. • Vocational guidance. Socialization of the individual. • Promotion of books and reading (a form of work with literature, reading programs for creative writers, children’s book week. ) • The aesthetic direction (the art and sport activities for the New Year) For reference – bibliographic and information services to users. • Clubs and associations of interest. The practice works with readers brings to life a sufficient number of informative events. Vigorously in response to the needs, taking into account the interests of readers in the libraries are new, innovative forms of work. Evidence of increased creativity, professionalism, innovative librarians is the following forms: • BIBLIOGUIDE “A thousand pages of the wisdom” Information review of new products, and encyclopedic reference books. Literary racing “The Great Book Road” (for seniors) The summer reading for teens more time and opportunities.Libraries do not have a vacation and, therefore, willing to provide their own unique assets available to readers. At the beginning of June, given the literary race start, which will conclude in late August, summarizing, and identifying the winner. Library forms the team of readers. Race must go to 5 genres: classic, detective, adventure, fantasy and history. In each genre will be asked a librarian consistently to each participant six races of questions. Total 30 questions. Finding an answer to a question, the reader must come to the library and give your answer. • Marathon of cultural events. The busiest month of cultural events and memorable dates – May.During this period, from May 9 to June 6, you can spend a whole series of events under the name “Marathon of cultural events. ” In his program can enter a one-day youth festival of the book “Without a good book hardens the soul,” which is held in conjunction with the committee on youth policy area (cities, villages). The aim of the festival – to raise interest in reading among young people. Survey conducted “in my book of life” among high school students to study readers’ needs and motives of reading. Results of the study made public at the opening ceremony of the festival. Pre-announced an essay contest “My favorite book is” aimed – promote reading among young people – to coincide with the festival.Winners of essay contest “My favorite book is” awarded with diplomas and prizes at the opening ceremony of the festival. For all who came that day in the library, the festival begins in the lobby, where guests are greeted favorite literary characters. Festival will finish the action “Read all”. The organizers, guests, participants of the event go to the streets with leaflets calling for reading, and a list of the most widely read books of the year. «Feast of bibliographic discoveries. ” Carried out to develop a range of new forms of work. His program will allow the reader to provide information about information – bibliographic resource library, to acquaint with the sources of information on the interest of their publications.Program: 1. Exhibition – Retrospective “Refer to the bibliographer” (based on the archive made ?? inquiries). 2. Inform – release of “What to read about famous Kazakhstani” (presentation of reference books on the history of Kazakhstan). 3. Bibliographic game “Riddle of Russian and Kazakh words” (a dictionary of the Russian and Kazakh language). 4. Game – Competition “Do you know the history of painting? ” (Presentation CD – ROM – encyclopedias on art). 5. Kaleidoscope interesting facts, “What kept secret catalogs? ” 6. Presentation of magazine “New Literary Review”. 7. Bibliographic poster “Who? Where? When? “(Reference books library). Book Auction
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Entrepreneurial marketing dissertation essay help.
ENTREPRENEURIAL MARKETING Order Description The Dimensions of Entrepreneurial Marketing Strategy
Role As a marketing consultant, working for Lincoln Marketing Associates, you are required to complete the following tasks and to submit an informal – but professionally prepared report. Task
Determine and justify your own dimensions of entrepreneurial marketing strategy. Apply these dimensions to an organisation of your choice, analysing the extent to which it can be characterised as an ‘entrepreneurial marketer’. Take into account the organisations position on the ICON matrix. Finally, consider the implications of your findings. Assessment notes
• This assessment is worth 50% of your overall marks. The upper and absolute word limit is 3,000; this is inclusive of an additional word allowance and any appendices. • Work in excess of this amount will be penalised – put the word count on your assignment please. Please ensure you submit an e copy that goes to Turnitin on the date specified in this guide. • Any cases of proven plagiarism will be subject to the universities disciplinary procedures. • Only a list of references you consult and cite is required, do not include a bibliography.
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From the common features of entrepreneurial marketing, it incorporates of the components of entrepreneurship and marketing
Entrepreneurial Marketing Essay :Entrepreneurial Marketing Essay Entrepreneurial Marketing Section I: Market Analysis The fresh juice market has been experiencing increased significance
The paper gives an alternative conceptualization of entrepreneurial marketing. It gives a review on the issue of entrepreneurial marketing as one of the tools which many
INTRODUCTION – Entrepreneurial Selling Entrepreneurial Selling is the combination of two distinct direction countries. Existing as distinguishable subjects, entrepreneurship and selling have emerged to capture
Morris et al. (2002)note that “the expression ‘entrepreneurial marketing' has been employed via a range of methods, and repeatedly rather loosely”. For instance, the literature talks about orientations such as quality orientation
Entrepreneurial Marketing Essay – Read the full sample online now. Entrepreneurial marketing is a unique set of marketing practices and methods used by entrepreneurs startups or small businesses to build and
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MINISTRY OF EDUCATION AND SCIENCE OF THE REPUBLIC OF KAZAKHSTAN INTERNATIONAL ACADEMY OF BUSINESS Chair of Management and Marketing COURSE PAPER Written for the Business "Marketing Plan for Entrepreneur Essay"
ENTREPRENEURIAL MARKETING Order Description The Dimensions of Entrepreneurial Marketing Strategy Role As a marketing consultant, working for Lincoln Marketing Associates