Monday, December 23, 2019

Marketing Channels An Effective Marketing Strategy

Abstract It is imperative for a business to effectively be able to reach out to both its customers and its potential customers in order to be successful. In order for this to occur, companies must develop and utilize the both individuals and groups to deliver the direct flow of products from those producing and providing to the company’s customer base (Pride, 2014). Marketing channels serve many facets and angles through its successive formation and provide the company with the ability to make products available to customers when and where they are needed, and in the exact amounts that they are needed (Pride, 2014). Marketing channels are also most useful tools for management because it is useful in a company’s development and establishment of an effective marketing strategy. Throughout this assignment the research and analysis of why companies use marketing channels will be conducted and discussed, as well as the functions that are performed by these channels, and how the channels both directly and indirectly affect the success of the organization. Use and functions of Marketing Channels Essentially, the uses and functions of marketing channels are to be used by management in order to effectively serve as a link between the buyer and the producer, to place an influence on the corporations pricing strategy, as well as customizing profits and affecting the product strategy. Each firm has its own means and need for the use and specific types of marketingShow MoreRelatedInternational Marketing Strategy: Effective Distribution and Channel Management2281 Words   |  10 Pagesmanufacturers, success or failure is determined by how effectively and efficiently their products are sold through their marketing channel members (e.g., agents, wholesalers, distributors, and retailers). Given this situation, considerable marketing channel research has focused on organizational responsibility for managing channel how interrelationships among a firm and its channel members can be managed better (Achrol and Stern 1988; Anderson et al 1997). Glob alization of markets is a phenomenon thatRead MoreMarketing Communications: Process Theory and Promotional Mix974 Words   |  4 PagesMarketing Communications: Process, Theory, and Promotional Mix Introduction The intent of this paper is to describe the marketing communications process, contrast marketing communications with integrated marketing communications, and explain how effective marketing integration improves communication. The essential elements of the promotional mix are also analyzed. The foundational elements of the marketing communications process are a critical component that contributes to the attainment of strategicRead MoreThe Starbucks Corporations Marketing Strategy1293 Words   |  5 PagesStarbucks Marketing Strategy: The Starbuck Corporation is considered as the one of the leading firms across the globe in specialty coffee consumption. Since its inception and launch in a market in Seattle, Washington, the company has developed to extent with which it offers quality premium coffees with an excellent level of customer service and at reasonable prices worldwide. The growth and profitability of this company is attributed to its development and use of an effective marketing strategy. ActuallyRead MoreMarketing Analysis : Sift Analytics Group Essay1250 Words   |  5 Pagesability to attract, retain, and grow its customer base. As a business to business supplier organization, Sift Analytics Group utilizes effective business marketing mix components to market its products and solutions to customers. The growth and profitability of this company can be understood through an Analytics of its supply chain and marketing channels, marketing strategy, and value proposition. Brief Background of the Company Sift Analytics Group is the leading provider of enterprise software solutionsRead MoreBranding, Pricing, and Distribution: Home Depot1559 Words   |  7 PagesDepot’s marketing plan contains a thorough description of the scissor lift, it will then focus on the branding, pricing, and distribution of the lift. The plan will also need to include a product branding and pricing strategy, as well as examine how the pricing strategy supports the branding strategy. In addition, Home Depot will prepare a distribution channel analysis from which it will create a distribution strategy, determine whether the company is going to use a push or a pull strategy, and howRead MoreThe Marketing Teams Of Organizations979 Words   |  4 PagesIntroduction: The marketing teams of organisations are facing a huge change in their traditional approach towards defining their communication strategies. This is due to not only the increase in digital landscape of consumer interaction with the brands but also better monitoring and recording of traditional marketing channels. Traditionally marketing teams of organizations have followed the marketing mix models (McCarthy, Jerome E. 1960) for choosing communications channels for targeting consumersRead MoreMarketing Plan1347 Words   |  6 PagesA marketing plan is the key to business. Its purpose is to maximize the business profits. As opportunities crop up or the business environment changes, the objective and marketing strategies in the plan will aim toward the best action. The marketing plan and the strategic marketing plan fit together in that both are essential for the success of a business. Without a strategic marketing plan, businesses can become uncertain in marketing efforts. The pu rpose of the strategic marketing plan isRead MoreMarketing Mix Analysis Of Coke Zero1212 Words   |  5 Pages Marketing Mix Analysis Student’s Name Institution Affiliation / Marketing Mix Analysis The marketing mix encompasses four critical decisions regarding pricing, product, place, and promotion which should be carefully considered prior to launching the product in the market. All the four variables included in the marketing mix are important as they help the organization to formulate strategic decisions that are essential to obtain and sustain a competitive edge (Singh, 2012). AfterRead MoreAdvertising And Experience Design Strategies1269 Words   |  6 PagesAdvertising and Experience Design Strategies Ahmed Salman Argosy University October, 8, 2014 Advertising and Experience Design Strategies In the business world today, marketers have various options on how to promote and sell their products and services. On top of the traditional methods of advertising such as print adverts and direct marketing, today there is web based advertising, email advertising as well as many social media sites such as Twitter, You tube, Linked In and Facebook. BusinessesRead MoreComparative Analysis: Funnel Based Marketing Relative to Consumer Decision Journey Processes1725 Words   |  7 Pagesdynamics and a strong re-ordering of the balance of power in customer relationship due to the Internet when they were researching their best-selling book Groundswell (Bernoff, Li, 2008). The marketing concepts of customer lifecycle management and customer lifetime value (CLV) in addition to the mindset emerging in marketing of seeing relationships with customers more important than transactions (Edelman, 2010). Unifying all of these concepts is a strong orientation towards delivering an excellent custome r

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.