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Methodological reasons for the theory/practice divide in market
Methodological reasons for the theory/practice divide in market

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Can loyalty schemes really build loyalty?
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... “As a customer’s relationship with the company lengthens, profits rise. And not just a little. Companies can boost profits by almost 100 per cent by retaining just 5 per cent more of their customers” (Reichheld and Sasser, 1990, p. 105). Reduced to pounds, shillings and pence in this way the busines ...
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Change management strategies for successful ERP implementation
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... advancing our understanding of ERP implementation success, it adopts a rather static view, which limits its adequacy in explaining the dynamics of the implementation process. Thus, factor research alone is not adequate for explaining how the transition from resistance to success has happened. Unlike ...
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... BRAZILIAN MARKET OF DIRECT MARKETING ...
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... The explanatory approach taken in Figure 3 is really more useful for marketing, however, because it treats different consumer segments and topics (product categories) with different curves. With such a treatment marketers can realistically consider the fear appeal response functions within various s ...
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Chapter 2—Strategic Planning in Contemporary Marketing
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MARKETING STRATEGIES vis-à

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Marketing

Marketing is about communicating the value of a product, service or brand to customers or consumers for the purpose of promoting or selling that product, service, or brand. The oldest – and perhaps simplest and most natural form of marketing – is 'word of mouth' (WOM) marketing, in which consumers convey their experiences of a product, service or brand in their day-to-day communications with others. These communications can of course be either positive or negative. In recent times, the internet has provided a platform for mass, electronic WOM marketing (e-WOM), with consumers actively engaged in rating and commenting on goods and services.In for-profit enterprise the main purpose of marketing is to increase product sales and therefore the profits of the company. In the case of nonprofit marketing, the aim is to increase the take-up of the organization's services by its consumers or clients. Governments often employ social marketing to communicate messages with a social purpose, such as a public health or safety message, to citizens. In for-profit enterprise marketing often acts as a support for the sales team by propagating the message and information to the desired target audience.Marketing techniques include choosing target markets through market analysis and market segmentation, as well as understanding consumer behavior and advertising a product's value to the customer.From a societal point of view, marketing provides the link between a society's material requirements and its economic patterns of response.Marketing satisfies these needs and wants through the development of exchange processes and the building of long-term relationships.Marketing can be considered a marriage of art and applied science (such as behavioural sciences) and makes use of information technology.Marketing is applied in enterprise and organisations via marketing management techniques.
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