What Is Marketing, The Different Types Of Marketing Activities That Companies Can Implement, The Best Types Of Marketing Activities For Companies To Implement, And The Benefits Of Companies Implementing Marketing Activities

What Is Marketing, The Different Types Of Marketing Activities That Companies Can Implement, The Best Types Of Marketing Activities For Companies To Implement, And The Benefits Of Companies Implementing Marketing Activities
Author: Dr. Harrison Sachs
Publisher: The Epic Books Of Dr. Harrison Sachs
Total Pages: 49
Release:
Genre: Business & Economics
ISBN:

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This essay sheds light on what is marketing, demystifies the different types of marketing activities that companies can implement, reveals the best types of marketing activities for companies to implement, and delineates the benefits of companies implementing marketing activities. Succinctly stated, marketing is deemed to be the practice of promoting product offerings and/or service offerings. Marketing can also refer to the marketing activities that are utilized for the purpose of promoting product offerings and/or service offerings. Marketing activities are employed by companies to not only entice sales for their product offerings and/or service offerings among the members of their target market, but also to raise awareness of their product offerings and/or service offerings among the members of their target market. A precursor to being able to purchase a company’s product offerings and/or service offerings is being aware of their existence. If a customer is acutely unaware about the existence of a company’s product offerings and/or service offerings, then he is inapt to purchase those specific product offerings and specific service offering that he does not know exist. A customer needs to be able to discover a company’s product offerings and/or service offerings for him to be eligible to purchase the company’s product offerings and/or service offerings. If a customer lacks any semblance of awareness of a company’s product offerings and/or service offerings, then they will remain undiscoverable to the customer and will be inapt to be purchased by the customer. Similarly to how a customer would be unable to purchase a specific product on a retail store shelf if it were metaphorically invisible to him, a customer would also be inapt to purchase a specific product that remained undiscoverable to him. Marketing activities can be expensive to employ and the usage of marketing activities does not guarantee that a company will be able to meet its sales forecasts in the pending future. An investment of marketing dollars in leveraging marketing activities does not guarantee that a company will be able to reap a positive return on investment for doing so in spite of how optimized their marketing activities may be. This is because the future is enigmatic and obscured behind a veil of time. The utilization of impotent marketing activities can cause a company to become apt to hemorrhage its marketing dollars. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities can reduce a company’s net profit per product sale. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities can also yield a higher cost per customer acquisition. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities can also yield a lower conversion rate. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities can also yield increased marketing costs. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities is also a brobdingnagian misallocation of marketing dollars. The issues appertaining to employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities extend beyond the aforementioned issues. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities also renders a company more prone to succumbing to a negative return on investment from its marketing activities. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities also renders companies more apt to have a lower sales velocity. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities renders companies more apt to have a lower inventory turnover ratio. Employing inefficacious high-cost marketing activities instead of employing efficacious low-cost marketing activities is also an act of veritable imprudence that renders a company more prone to being unable to meet its upcoming sales forecasts.

Basic Marketing

Basic Marketing
Author: Mccarthy E. Jerome
Publisher: McGraw-Hill/Irwin
Total Pages:
Release: 1987-02-01
Genre:
ISBN: 9780256060485

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Managing The Professional Service Firm

Managing The Professional Service Firm
Author: David H. Maister
Publisher: Simon and Schuster
Total Pages: 479
Release: 2012-12-11
Genre: Business & Economics
ISBN: 1471109658

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Professional service firms differ from other business enterprises in two distinct ways: first they provide highly customised services thus cannot apply many of the management principles developed for product-based industries. Second, professional services are highly personalised, involving the skills of individuals. Such firms must therefore compete not only for clients but also for talented professionals. Drawing on more than ten years of research and consulting to these unique and creative companies, David Maister explores issues ranging from marketing and business development to multinational strategies, human resources policies to profit improvement, strategic planning to effective leadership. While these issues can be complex, Maister simplifies them by recognising that 'every professional service firm in the world, regardless of size, specific profession, or country of operation, has the same mission statement: outstanding service to clients, satisfying careers for its people and financial success for its owners.'

Digital and Social Media Marketing

Digital and Social Media Marketing
Author: Nripendra P. Rana
Publisher: Springer Nature
Total Pages: 337
Release: 2019-11-11
Genre: Business & Economics
ISBN: 3030243745

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This book examines issues and implications of digital and social media marketing for emerging markets. These markets necessitate substantial adaptations of developed theories and approaches employed in the Western world. The book investigates problems specific to emerging markets, while identifying new theoretical constructs and practical applications of digital marketing. It addresses topics such as electronic word of mouth (eWOM), demographic differences in digital marketing, mobile marketing, search engine advertising, among others. A radical increase in both temporal and geographical reach is empowering consumers to exert influence on brands, products, and services. Information and Communication Technologies (ICTs) and digital media are having a significant impact on the way people communicate and fulfil their socio-economic, emotional and material needs. These technologies are also being harnessed by businesses for various purposes including distribution and selling of goods, retailing of consumer services, customer relationship management, and influencing consumer behaviour by employing digital marketing practices. This book considers this, as it examines the practice and research related to digital and social media marketing.

Understanding Digital Marketing

Understanding Digital Marketing
Author: Damian Ryan
Publisher: Kogan Page Publishers
Total Pages: 304
Release: 2012-03-03
Genre: Business & Economics
ISBN: 0749464283

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Digital marketing now represents 25% of the marketing spend in the UK and this is predicted to move to 50% or higher within the next three years. Understanding Digital Marketing looks at the world of digital marketing: how it got started, how it got to where it is today, and where the thought leaders in the industry believe it is headed in the future. This authoritative title demonstrates how to harness the power of digital media and use it to achieve the utmost success in business, now and in the future.Understanding Digital Marketing deals with every key topic in detail, including:search marketing,social media, Google, mobile marketing, affiliate marketing, e-mail marketing, customer engagement and digital marketing strategies. Essential reading for both practitioners and students alike, and including real-world examples of digital marketing successes and expert opinions, Understanding Digital Marketing provides you with tools to utilize the power of the internet to take your company wherever you want it to go.

Encyclopedia of Sport Management

Encyclopedia of Sport Management
Author: Paul M Pedersen
Publisher: Edward Elgar Publishing
Total Pages: 1131
Release: 2024-09-06
Genre: Sports & Recreation
ISBN: 1035317184

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This thoroughly updated second edition of the Encyclopedia of Sport Management is an authoritative reference work that provides detailed explanations of critical concepts within the field.

Ethics and Neuromarketing

Ethics and Neuromarketing
Author: Andrew R. Thomas
Publisher: Springer
Total Pages: 219
Release: 2016-10-19
Genre: Business & Economics
ISBN: 3319456091

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This book addresses the emerging field of neuromarketing, which, at its core, aims to better understand the impact of marketing stimuli by observing and interpreting human emotions. It includes contributions from leading researchers and practitioners, venturing beyond the tactics and strategies of neuromarketing to consider the ethical implications of applying powerful tools for data collection. The rationale behind neuromarketing is that human decision-making is not primarily a conscious process. Instead, there is increasing evidence that the willingness to buy products and services is an emotional process where the brain uses short cuts to accelerate the decision-making process. At the intersection of economics, neuroscience, consumer behavior, and cognitive psychology, neuromarketing focuses on which emotions are relevant in human decision-making, and uses this knowledge to make marketing more effective. The knowledge is applied in product design; enhancing promotions and advertising, pricing, professional services, and store design; and improving the consumer experience as a whole. The foundation for all of this activity is data gathering and analysis. Like many new processes and innovations, much of neuromarketing is operating far ahead of current governmental compliance and regulation and thus current practices are raising ethical issues. For example, facial recognition software, used to monitor and detect a wide range of micro-expressions, has been tested at several airports—under the guise of security and counterterrorism. To what extent is it acceptable to screen the entire population using these powerful and intrusive techniques without getting passengers’ consent? Citing numerous examples from the public and private sectors, the editors and contributing authors argue that while the United States has catalyzed technological advancements, European companies and governments are more progressive when it comes to defining ethical parameters and developing policies. This book details many of those efforts, and offers rational, constructive approaches to laying an ethical foundation for neuromarketing efforts.

Beyond Multi-Channel Marketing

Beyond Multi-Channel Marketing
Author: Maria Palazzo
Publisher: Emerald Group Publishing
Total Pages: 177
Release: 2020-06-17
Genre: Business & Economics
ISBN: 1838676872

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Delving into the rapidly developing field of dual marketing, investigating the strategic alliances, multi-stakeholder perspectives and branding potential it holds, this book promotes the adoption of the multichannel approach which is fundamental to facing the challenges of marketing 4.0.

Marketing Management, 3rd Edition

Marketing Management, 3rd Edition
Author: Kumar Arun & Meenakshi N.
Publisher: Vikas Publishing House
Total Pages:
Release:
Genre: Business & Economics
ISBN: 9325982404

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In today's socially networked and highly competitive world, it is imperative that marketers are always truthful because customers eventually find out if they have been misled. This can lead to their angst with the company going viral, thereby destroying the company's reputation. Marketing Management advocates 'marketing based on absolute truth'.Also brand image is sensitive to market sentiments. Brands can be in danger: one wrong product or one shoddy campaign can destroy a brand built over years. Companies must align everything that they do with the core spirit of their brands.Further, when everything seems to go digital, it is important that marketers keep in mind that customers are primarily interested in their products/services. The book advocates that superior products and services will always be central to marketing.Key FeaturesBest Practices• Researched, implemented, and result-driven practices taken from leading companies across diverse industries throughout the world• Marketers can adopt these practices to elevate individual and organizational performanceCorporate Insights• Examples of marketing concepts being implemented by well-known Indian companies and brands• Latest moves of companies and brands as they cope with competition and environmentCase Studies• A brief case study after each chapter, focusing on specific issues dealt within the chapterSpecialized Questions• Questions meant to make students ponder upon various aspects of marketing and challenge the existing paradigms