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09_chapter 1
09_chapter 1

... Mr. Jack Welch, the CEO of GE told in 1994 that “Globalisation must be taken for granted. There will be only one standard for corporate success, international market share. The Winning Corporations will win by finding markets all over the world”. Since this statement is made, we have seen in the las ...
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... Public & Nonprofit Marketing write that to develop this understanding of each segment, “[m]anagers cannot rely on casual encounters, gut feel, or anecdotal information to guide development of marketing strategy. Segmentation . . . must be based on detailed, specific information gathered in an object ...
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... “This perspective was originally proposed in the early 1970s by Ries and Trout (1972). They said that it is not what you do to a product that matters, it is what you do to the mind of the prospect that is important. They set out three stages of development, the product era, the image era and the pos ...
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... A service mindset is an outlook that focuses on creating customer value, loyalty and trust. A business with this outlook wants to go beyond simply providing a product or service. It wants to create a positive and indelible imprint in the customer's, or even in the prospect's mind. To do this, a busi ...
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... production attributes of the products. To effectively assess the niche market potential for a novel product with specific attributes, knowledge of the underlying marginal values consumers place on those attributes is necessary. Specifically, the ability to segment the market depends on differing ela ...
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... –generates surplus resources for allocation to other SBUs • Dog—low/declining market, subordinate market share –has diminished prospects and represents a drain on the ...
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... agricultural markets. They are to a substantial extent protected against competition from imports, some receive special subsidies, and some are given the exclusive right to purchase or process the raw product in question (e.g. the national dairy marketing cooperative). LeVay (1983a) observes that go ...
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... because they operate in a less crowded price tier. Value-oriented products that were found to be expandable include snacks, baked goods, side dishes, and breakfast foods. Most new products tend to compete at a higher price, where supply can exceed demand. The Great Recession reset household finances ...
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... A large metropolitan university has an established summer-school program that offers a wide variety of classes to its current students. To expand enrollment, the school started promoting its summer school to students who live in the area and are home for the summer, even though they attend other uni ...
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... assessed by the tourist against his/her pre-trip expectations. A major determinant of success is how well the experiences match or exceed these expectations. This assessment has relative as well absolute dimensions. A destination may have a perception in the marketplace of being expensive or offerin ...
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... offered, then standardization is taking place. The great benefit of standardization is the ability to compete with low costs over a large output. The diagram below illustrates the use of a standardized products and marketing mix: ...
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... attention, in particular the relationship between market orientation and performance, the nature of the market orientation construct, and the development of a market orientation within the organisation. Relationship between market orientation and performance Why should an organisation seek a market ...
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... increasing their status within the modern corporation, earning a new seat at the executive table. The emergence of HR as a measurable force on the bottom-line has led to HR executives becoming powerful buyers. HR professionals have moved from the social committee to the revenue committee and are spa ...
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... buzz marketing strategy where word of mouth is created about a product and it spreads as a viral infection. Agencies such as Bzzagent.com have an interesting way in creating buzz. This agency recruits Bzz agents who are product enthusiasts and gets each agent to use the product. Each agent then take ...
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... Its a bundle of physical, chemical or intangible attributes that have the potential that satisfy present and potential customers wants. It means goods and services which combination of company offers to the target market . Products are almost always combinations of the tangible and intangible. The e ...
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... A. assessment, strategy development, and marketing mix construction. B. economic, political, and cultural development. C. the Internet, e-commerce, and digital communication. D. gaining market share, capturing prospective customers, and retaining new customers. 2. The term ‘global village’ refers to ...
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... communication skills, knowledge & understanding of concepts learned during practical study assigned in assignment # 2. You should use transparencies and any other material for effective presentation. The transparencies are not the presentation, but only a tool; the presentation is the combination of ...
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... persons, groups, or organisations in which each party gives up something of value and receives something of value Transaction = A trade between two parties that involves at least two things of value, agreed-upon conditions, a time of agreement, and a place of agreement Relationship marketing = The p ...
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First-mover advantage

In marketing strategy, first-mover advantage, or FMA, is the advantage gained by the initial (""first-moving"") significant occupant of a market segment. It may be also referred to as Technological Leadership.A market participant has first-mover advantage if it is the first entrant and gains a competitive advantage through control of resources. With this advantage, first-movers can be rewarded with huge profit margins and a monopoly-like status.Not all first-movers are rewarded. If the first-mover does not capitalize on its advantage, its ""first-mover disadvantages"" leave opportunity for new entrants to enter the market and compete more effectively and efficiently than the first-movers; such firms have ""second-mover advantage.""
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