An overview of the marketing strategies of the Mall of America in Bloomington, MN. and how it represents the modern marketing principles of centralized commerce.
Essay # 40608 |
2,900 words (
approx. 11.6 pages ) |
5 sources |
2002
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$ 51.95
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Abstract
This paper is on the marketing strategies of the Mall of America in Bloomington, MN. Currently the largest enclosed retail space in the world, it includes a seven-acre theme park, a vast variety of restaurants and nightclubs, and 1000 stores. It demonstrates modern marketing principles of centralized commerce, and the universal appeal of leisure activities in an economy whose participants have a large amount of disposable income. The paper also mentions the mall as a tourist attraction, and discusses how this has come about in the current cultural atmosphere.
An in-depth look at the marketing strategy needed for McDonald's in a global environment.
Marketing Plan # 60636 |
3,215 words (
approx. 12.9 pages ) |
12 sources |
MLA | 2005
|
$ 55.95
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Abstract
This paper examines the McDonald's Corporation and provides and thorough discussion of the marketing strategy it should implement in the current international global-centered business market. It begins by introducing the company and then looks at different forces which impact the market. The paper includes suggestions and recommendations for improving the strategy.
Chapter 1: Introduction
Chapter 2: Discussion
2.1 Economic Forces
2.2 Social, Cultural, Demographic and Environmental Forces
2.3 Political, Governmental and Legal Forces
2.4 Technological Forces
2.5 Competitive Forces
Chapter 3: Conclusion
From the Paper
"At the points of sales (POS), it may appear that the company does not need the latest technology. In addition, the need for sophisticated equipment for processing the food is not required. It is important however to note that for an organization the size of McDonald's keeping all activities streamlined and smooth flowing requires interconnectivity. Supply chain management and value stream optimization are important for an organization of this size. Economies to scale in purchasing and distribution of the raw materials are essential. Optimizing and improving the output performances at the POS is also important. Traditionally the labor skill requirement at the POS is very low. This increases the turnover rates that are experienced by the company and company is well aware of this factor. Training therefore is essential at this level. At the managerial and supervisory level the skill requirement is very much higher. To manage the supply chain effective communication is required between the various stores and the head office or regional offices. At the same time the avenues of communication have to be simple and easy to use and the information has to be available to all parties in real time for effective decision-making."
Tags:communication, factor, forces, demographic, environmental, discussion
A detailed discussion on the methodology of marketing research.
Research Paper # 106159 |
3,925 words (
approx. 15.7 pages ) |
9 sources |
MLA | 2008
$ 64.95
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Abstract
This paper expounds upon the basic concepts, principles and practices of marketing and systematically outlines how to conduct marketing research. It points out that marketing research, as distinct from mere data and information, is, in addition, the systematic collection and analysis-based interpretation of all data focused on a specific marketing issue. The paper defines marketing research as the systematic, objective, and unbiased collection, analysis and interpretation of recorded data obtained from a large sample in order to provide support to decisions on a specific marketing issue. It discusses important related issues such as the analysis of customer behavior and culture. The paper concludes that the marketing strategies implemented by the marketing staff are constrained by the company's corporate strategies and are also strongly influenced by the market opportunities the company has selected to pursue.
Table of Contents:
Executive Summary
Introduction
Research Process
Report
Summary
From the Paper
"Marketing decisions are usually time-bound and if research has to play a role in influencing these decisions, the results must be available in time for decisions to be based on Research. The financial cost of research is linked to the time available for research. Delayed research often results in opportunity loss because of delayed decision-making or through wrong decisions. Another factor that normally affects the decision about the scope and especially the nature of research is the availability of monetary and human resources. An important issue is the availability of analysts with adequate knowledge of suitable research techniques. Sophisticated research methodologies also require a higher degree of expertise on the part of the researcher. Understanding and interpreting qualitative research data can only be done well by a trained researcher, preferably with a background in sociology and psychology. For example, the science of semiotics can contribute a great deal to a sophisticated understanding of how consumers interpret and relate to colors, symbols, etc and relate to brand."
Tags:market, strategy, analysis
A look at the role of celebrity culture in luxury fashion product marketing.
Analytical Essay # 143224 |
4,500 words (
approx. 18 pages ) |
9 sources |
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$ 70.95
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Abstract
This paper considers the ways in which celebrity culture has played a role in the marketing of luxury fashion products as a luxury experience. The paper begins with a brief history of conventional advertising and discusses the psychological, social, economic, and technological aspects of our culture and looks at how marketing has affected the ways in which brands are advertised using celebrities as endorsers.
From the Paper
"The struggle to make a good impression and foster customer loyalty toward a product has been part of marketing and advertising history since before the turn of the twentieth century in Europe and the United States. After the Industrial Revolution took hold in Western Europe and the United States during the nineteenth century, more and more mass-produced goods were manufactured and bought by customers who, in previous years, might have made their own goods or gone without. A focus on capturing a customer's attention and desire with advertising practices went..."
Tags:luxury, experience, celebrity
This paper looks at the process of marketing planning in an organization.
Analytical Essay # 126422 |
2,000 words (
approx. 8 pages ) |
16 sources |
2008
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$ 38.95
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Abstract
In this article, the writer discusses how to make marketing planning work in an organization by improving its organizational structure, internal communication mechanisms, and organizational culture. Market research and competitive intelligence are also discussed briefly.
From the Paper
"Marketing has been described as a business philosophy that puts the customer at the center of the organization's activities and marketing planning is a logical sequence and a series of activities leading to the setting of marketing objectives and the formulation of plans for achieving them. In any organization that engages in marketing the process of marketing requires planning. Products need to be positioned effectively in order to be competitive with rival products and marketing campaigns need to be thought ..."
Tags:marketing planning, communication, organizational structure, competitive intelligence, market research, Kuwait Hotels Company, KHC, organizational culture
An analysis of the youth culture versus the youth market in the music and clothing industries.
Essay # 87249 |
2,025 words (
approx. 8.1 pages ) |
2 sources |
2005
|
$ 38.95
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Abstract
This paper discusses the youth market and the youth culture as a separate entity within the overall demographic of the U.S. The paper pays particular attention to the integration of the music and clothing industry and who these industries have become associated in the minds of the youth as being consistent with their culture and self expression.
From the Paper
" Youth Culture v. Youth Market The concept of youth culture as a separate entity within the broader demographic of the U.S. population is tenuous at best because it shifts constantly from one point to another. At times various groups co-opt what they perceive to be youth culture for their own unique and idiosyncratic purposes: "Through magazines, music, sit-com style videos, cartoons, and other media, Focus strives to construct an alternative Christian youth culture that mirrors secular culture's style and consumption habits" (Hendershot, 1995, para.5). Just as likely is the current trend in Hip-Hop to turn its primary audience; a grand collage of youth from across the various demographics making up the U.S. population, into one conceptual body comprising a unique youth culture all its own (Taylor & Taylor, 2004)."
Tags:culture, marketing, rap
The author analyzes a marketing opportunity overseas, citing statistical data, weighing pros and cons, cultural issues and financial options.
Research Paper # 65756 |
4,002 words (
approx. 16 pages ) |
6 sources |
MLA | 2006
|
$ 65.95
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Abstract
This paper discusses an idea of opening a business in Japan. The paper shows that one first needs to understand the Japanese culture and society. Many Westerners try to "go it alone" and without proper research, their ideas often fail, but with good planning, it is possible to open a successful car wash in Kobe, Japan.
Place
Promotion
Product
Price
From the Paper
"There are a great deal of factors that need to be considered when evaluating business expansion into Japan. The business culture of Japan is very different to that of the Western world. Tradition and culture are as deeply set in business as they are in everyday life. To put yourself in a competitive position in the Japanese economy, you must first understand the unusual rules of the economy. Culture and tradition must be understood fully, before conducting the expansion."
Tags:business, opportunity, culture, marketing
Culture and International Marketing Strategies
An exploration of the role of culture in the formulation of international marketing strategies.
Research Paper # 55065 |
2,881 words (
approx. 11.5 pages ) |
24 sources |
MLA | 2004
|
$ 51.95
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Abstract
This paper examines how, as increasing numbers of businesses look to expand and develop their consumer and market base through the internationalisation of their operations, managers are recognising the importance of effective international marketing to counter the increased levels of uncertainty and complexity. It focuses specifically on the role of culture in the formulation of international marketing strategies, using a number of examples to highlight the points raised. Firstly, international marketing strategies are considered in more detail, followed by an exploration of the concept of culture and its influence on international marketing strategies.
Outline
Introduction
What are International Marketing Strategies?
Understanding Culture
The Role of Culture in International Marketing Strategy Formulation
Hofstede?s Five Dimensions
Hall and Hall?s High-Low Context
Direct Influence on Marketing Mix
Product
Price
Place
Promotion
Importance of Ethics
Critiquing the Role of Culture
Conclusions
References
Appendix 1
From the Paper
"Since value judgements vary between and within cultures, perceptions of what constitutes acceptable behaviour also differ: for example a gift in one country may be considered a bribe in another (Cateora and Ghauri, 2000; Doole and Lowe, 2001). Kotabe and Helsen (2004 p.171) highlight the significance of this for international marketers who "must understand and respect cultural subtleties, whilst finding the limits of ethical behaviour"; since a company's ethical stance may affect its ability to do business in some countries. For example, Motorola's lengthy "Code of Business Conduct", sets out standards for accepted behaviour throughout the organisation (see www.motorola.com). They recognise the "ethical legitimacy" of gift-giving in Japan, but decline to "participate in the practice" (Hamilton and Knouse, 2001 p.87). This allows the company to show respect for Japanese culture, whilst maintaining its own corporate values. Similarly, consideration should be given to product usage and production processes, which may not be appropriate in certain cultures or environments."
Tags:culture, hofstede, business
This paper analyzes existing literature on effective leadership and communication in international marketing and marketing management.
Research Paper # 56704 |
3,895 words (
approx. 15.6 pages ) |
15 sources |
APA | 2005
|
$ 63.95
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Abstract
This paper explains that global marketing requires the organization to pay attention to its internal structure, to be prepared to face different regulatory procedures and, above all, to be able to familiarize itself adequately with the culture and practices of the country into which it is expanding operations. The author points out that transnational businesses and international marketing should be organized around strong leadership and teamwork across cultural borders because problems in communication tend to increase with the relative distance of the branch or subsidiary to its headquarters. The paper relates that a certain degree of centralization is doubly important to the company operating internationally because it allows the company to fix prices within certain boundaries and to discourage gray trading.
Table of Contents
Introduction
Organizational Structure
Global Marketing, Regulation and Business Practice
International Cultures
Conclusion
Propositions for Future Research
From the Paper
"Before discussing international marketing further, agreement must be sought in existing literature about the definition of marketing itself as a base concept for comparison. There are many different perspectives to consider when seeking a definition of the word marketing. Kotler, et. al see a modern definition of marketing as the crucial determination of how business are going to succeed in new conditions that are brought about by technological advances and globalization. For example, the authors state that, in the analog economy, most companies operate three different businesses: a product innovation and commercialization business, a customer relationships business, and an operations and infrastructure business, and then go on to note that in the new or digital economy (which also signifies an increase in global marketing efforts with increases in communication technology), these three different businesses are still present, even if they must be dealt with more dynamically than in the past. Generally, these authors see the old economy as a place of stability and control, and oppose it to the new economy, which is a place of constant change and increasing recognition of customer needs globally."
Tags:structure, pricing, regulatory, culture, communication
A review of Jerome McCarthy's Marketing Management Framework concept of the 60's.
Essay # 86413 |
675 words (
approx. 2.7 pages ) |
3 sources |
2005
|
$ 14.95
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Abstract
This paper discusses Jerome McCarthy's Marketing Management Framework concept, which he published in 1960. In his article, McCarthy describes the term marketing mix and the 4P's: product, price, place, and promotion. The fifth P, packaging, is sometimes used in marketing research and planning. Ineffective marketing research can result in corporate failure. The paper draws an example in the case with the Dell Computer Corporation when it launched its e-commerce site in Japan. The company failed to conduct culture sensitivity research and used a black border on its website, a definite negative connotation in the Japanese culture.
From the Paper
"Kotler (2000) defines marketing as the "process by which individuals and groups obtain what they need and want through creating, offering, and exchanging products and services of value to with others" (p. 8). Anderson discusses how it is a common occurrence for marketers use Jerome McCarthy's Marketing Manager's Framework to develop a marketing mix. Management creates a marketing based on Jerome's 4P's: (1) Product, (2) Price (i.e. skimming, market penetration, and comparable pricing strategies), (3) Promotion (i.e. Push/Pull Strategy), and (4) Place (i.e. distribution). Sometimes packaging is used as the 5^th "P". Managers use these variables to make marketing decisions in order to satisfy consumers in the target market. As described by Coffinet et al, these strategies are also used to achieve market leadership."
Tags:strategic, marketing, price