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CHAPTER 2 Strategic Planning
CHAPTER 2 Strategic Planning

... existing and anticipated environmental conditions. The firm's mission statement establishes boundaries for all subsequent decisions, objectives, and strategies. A mission statement should focus on the market or markets the organization is attempting to serve rather than on the good or service offere ...
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... suggest cookies as an example here. They say that the consumer might go for a certain brand first out of habit or beliefs, but the next time they choose another brand, not because they are dissatisfied with the earlier product, but just to try something different. (Kotler and Armstrong 2008, 176-177 ...
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... under most circumstances, require the marketer to pay for message placement. Advertising has long been viewed as a method of mass promotion in that a single message can reach a large number of people. But, this mass promotion approach presents problems since many exposed to an advertising message ma ...
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... The focus of this thesis is to find ways to reach not only the local consumers but also international consumers (Tourists) who may benefit from this application. ...
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MARKET SOLUTIONS FOR REJECTED RAW MA

... its main line of business. Ideally the reject wood should be marketed ‘raw’ or, if necessary, should undergo a minimal amount of processing. If required, the processing should involve little investment or be able to be subcontracted. As such only those markets that require simple further processing, ...
International Marketing Tutorial (PDF
International Marketing Tutorial (PDF

... In simple words, international marketing is trading of goods and services among different countries. The procedure of planning and executing the rates, promotion and distribution of products and services is the same worldwide. In recent times, companies are not restricted to their national borders, ...
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Methodological reasons for the theory/practice divide in market

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... to those situations where there are restrictive effects on actual or potential competition. However, the Commission’s economic approach needs to be accompanied by clear rules that allow dominant undertakings to predict the legality of their conduct. The difficulty of determining when a series of re ...
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... • What are our possible new markets? • What other businesses can we acquire to expand the organisation? ...
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Competence-Based View in the Marketing Theory

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... 20. Disney World in Orlando, FL has several theme parks, resorts, restaurants, and stores. Each is intentionally created to offer a memorable event for visitors. For example, the Wilderness Lodge is a large resort hotel on the grounds, and everything within it is made to look like log cabins and pio ...
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Determinants of SME brand adaptation in global marketing

... international marketing program standardisation. The standardisation of products and marketing strategy is a viable method to furnish cross-subsidisation due to the fact that firms can get advantage of global brand and global channels domination (Zou, Andrus, & Norvell, 1997). The advocates of stand ...
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... To ensure that resources are used effectively and the right customer is targeted, businesses must carefully plan their marketing activities. To be successful, marketing activities have to be coherent and coordinated and the marketing strategy plays a key role in achieving this. In this unit, you wil ...
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... international marketing program standardisation. The standardisation of products and marketing strategy is a viable method to furnish cross-subsidisation due to the fact that firms can get advantage of global brand and global channels domination (Zou, Andrus, & Norvell, 1997). The advocates of stand ...
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... well as product innovations and pressures from suppliers and distributors. Although the causes of these changes often lie outside a marketer’s control, effective planning can anticipate many of them. For example when the price of gas and jet fuel soared recently, travelers opted to stay close to hom ...
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... 47. When competitors use undifferentiated marketing, a firm can gain an advantage by using differentiated or ________ marketing. a. undifferentiated b. customized c. concentrated d. individual e. mass (Answer: c; p. 201; Moderate; LO4) 48. Socially responsible target marketing is often concerned wit ...
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... Shortage of important ideas in certain areas. There may be few ways left to improve some basic products (such as steel or detergent). Fragmented markets. Companies must aim their new products at smaller market segments, which can mean lower sales and profits for each product. Social, economic, and g ...
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... where the customer will purchase the product and how it gets there. Price is the art of assessing the value of your product. Promotion is what you do to make the connection between your product and the buyer. Based on the 4-P’s, every business needs to develop a marketing plan which outlines marketi ...
Employee`s Market Orientation and Business Performance in Nigeria
Employee`s Market Orientation and Business Performance in Nigeria

... The consequences of market orientation are organized into four categories: organizational performance, customer consequences, innovation consequences, and employees’ consequences (Jaworski and Kohli 1996). The marketing strategy literature posits that market orientation provides a firm with market – ...
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... Societal Marketing Concept • Societal Marketing Concept holds that the organization’s task is to determine the needs, wants and interests of target markets and to deliver the desired satisfaction more effectively and efficiently than competitors in the way that preserves or enhances the consumers a ...
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... Understanding customers changing expectations is critical for a firm’s superior performance and long term success in today’s highly competitive business environment. Customer expectations have been consistently acknowledged in the literature as the basis on which product/service quality and customer ...
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... check their plans are possible. Operations will need to use sales forecasts produced by the marketing department to plan their production schedules. Sales forecasts will also be an important part of the budgets produced by the finance department, as well as the deployment of labour for the human res ...
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Market analysis

A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, weaknesses, opportunities and threats (SWOT) of a company can be identified. Finally, with the help of a SWOT analysis, adequate business strategies of a company will be defined. The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company.
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