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strategic marketing summary and key concepts
strategic marketing summary and key concepts

... Market segmentation è Dividing a market into smaller segments Market targetingè Select the segment or segments to enter Differentiation è Differentiating the market offering to create superior customer value Positioning è Position the market offering in the minds of target customers ...
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... LEADING WITH DATA-BASED INSIGHT New Competencies Required 1. Architecting Data •  Draw on a much wider range of data: demographic studies, social media discussion, blogs, online reviews, analysts’ reports. •  Architect raw data, structure it to be more digestible and easily available for analysis. ...
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... In respect of marketing by telephone, an important distinction must be made between marketing by means of an automated calling system (i.e. a marketing call which is a recorded message) and marketing by “live” telephone calls, for example, a marketing call made “live” by a call centre employee. The ...
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marketing 118—marketing management

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docx marketing essentials (1)

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Marketing research

Marketing research is ""the process or set of processes that links the consumers, customers, and end users to the marketer through information — information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing research specifies the information required to address these issues, designs the method for collecting information, manages and implements the data collection process, analyzes the results, and communicates the findings and their implications.""It is the systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services. The goal of marketing research is to identify and assess how changing elements of the marketing mix impacts customer behavior. The term is commonly interchanged with market research; however, expert practitioners may wish to draw a distinction, in that market research is concerned specifically with markets, while marketing research is concerned specifically about marketing processes.Marketing research is often partitioned into two sets of categorical pairs, either by target market: Consumer marketing research, and Business-to-business (B2B) marketing researchOr, alternatively, by methodological approach: Qualitative marketing research, and Quantitative marketing researchConsumer marketing research is a form of applied sociology that concentrates on understanding the preferences, attitudes, and behaviors of consumers in a market-based economy, and it aims to understand the effects and comparative success of marketing campaigns. The field of consumer marketing research as a statistical science was pioneered by Arthur Nielsen with the founding of the ACNielsen Company in 1923.Thus, marketing research may also be described as the systematic and objective identification, collection, analysis, and dissemination of information for the purpose of assisting management in decision making related to the identification and solution of problems and opportunities in marketing.
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