...MKT/421 University of Phoenix Marketing Mix Marketing mix is when the right product is put in the right place, at the right time, and at the right price. When an organization or company creates a product that attracts individuals and put it on sale or offer it to individuals it should may be place at a price in which it matches the value of the product and is worth what the consumers or individuals get out of it. The 4 Ps of marketing and the marketing mix are sometimes used as synonyms for one another because they are close to being the same thing. The 4 Ps of marketing mix are product, place, price, and promotion. Each component of the marketing mix has some type of importance and are given an equal abundance of importance. In the marketing mix the customer is the most important piece of the marketing strategy however it is not included because all the components are aimed toward the target. A company that I think would represent for a good marketing mix is Apple. They are about pleasing their customers and making sure that they are aware of the products that they have to offer. Prices are adjusted to make sure that things are affordable and sometimes to bring in new customers. Surveys are completed at times to see what it is that the customer wants and what satisfies the customer. The customers have a say so in the product and the company value their opinion. The product- The product is...
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...Marketing Mix Paper The term “marketing mix” dates all the way back to the 1960 – 1970s. Neil Borden first coined this term in 1953, and constructed this terminology from James Culliton’s analogy of the marketing procedure being compared to a “mix of ingredients” (NetMBA, 2010). The term ever since has been used all the time when the topic of marketing is brought up. The marketing mix consists of 4 ingredients; often referred as the four P’s (this phrase is interchangeable with the phrase “marketing mix”). Culliton’s analogy was a perfect way to describe the components a marketing plan. The ingredients of a marketing mix can be thought as the ingredients of a cake; all of the ingredients are necessary for the cake to be tasty, However, if too much or too less of some ingredient(s) is/are included, then the cake will be ruined. One can tweak the formula for the cake specifically to enhance the taste of the cake in certain aspects (sweetness, flavor, frosting, etc.). This same concept can be applied directly into marketing; the same actions that one can take and the results in the cake scenario directly correlate to the results of the marketing plan. The four P’s of the marketing mix are price, place, product, and promotion. Each component has its importance, and it is utterly important that all of the components are given equal and abundant importance. The customer is the most important part of the marketing strategy but it isn’t included in the marketing mix because all...
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...* What is scenario planning? Under what conditions is it useful? How important do you think scenario planning is as a context for international marketing planning? Scenario planning is defined as strategic planning method that organization use to make flexible long term plans based on generating a number of “what if” situations and then options on how they might respond to those situations( Keeley, 2011). In other word scenario planning a method for learning about the future by understanding the nature and impact of the most uncertain and important driving forces affecting the business. It is strategy tool used to discover potential future environments in order to understand how today’s strategic decisions will have an impact on an organizations in times to come. The key elements in scenario planning are “creative thinking, imagination, an informal methodology and use of qualitative, subjective information” scenario planning does not predict the future; rather it considers the complete scope of likely forces that might have impact on an organization. These may be intellectual, natural, social, political, economic, cultural or technological. Scenario planning is an important strategic tool for the business. Marketers can make choices through the scenario planning. The options can be screened by matching them to possible scenarios. Scenario planning provides tools for an organization to respond critical changes. It provides methods for understanding...
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...now TESLA MOTORS. His visionary thinking to save planet by pollutions, creating spacecraft which is reusable gave him big success in markets of world. Company’s main strategy is to provide high cost affordable electric cars, which will help us to save earth from pollution. (Executives. (2012, June 26). Executive Bios. Retrieved March 31, 2014) Tesla Motors, Inc. is an American company that designs, manufactures and sells electric cars and electric vehicle power train components (EVs).Tesla Motors is public company that trades on the NASDAQ stock exchange under the symbol TSLA. In the first quarter of 2013, Tesla posted profits for the first time in its ten year history.Tesla Motors first gained widespread attention by producing the Tesla Roadster, the first fully electric sports car. The company's second vehicle was the Model S, a fully electric luxury sedan.Tesla also markets electric power-train components, including lithium-ion battery packs, to automakers, including Daimler and Toyota.Tesla's CEO, Elon Musk, has said he envisions Tesla as an independent automaker, aimed at eventually offering electric cars at a price affordable to the average consumer. (http://en.wikipedia.org/wiki/Tesla_Motors) 2. The 4Ps and discuss the marketing management orientation(s) that guide the company’s marketing strategy. In general there are 4Ps really affecting marketing strategies of any company. Target market is related to many factors like Product, Price,...
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...Final Business Model and Strategic Plan Graciela Venegas, Christopher Nieto BUS 475 Claudia Camacho 2-23-2015 Table of Contents Abstract 3 Executive Summary 4 Strategies 6 Conceptualizing in Business 7 SWOTT Analysis 11 Balance Scorecard 17 Reference 23 Abstract Our final business model will be discussed in this paper. We will emphasize the important factors that will contribute to the completion of our intended service. It is important to understand our mission, in order to understand the importance of our new service. We have gathered all of the relevant information which starts from describing our product to describing the necessary tools to properly implement and create this new service for Apple, Inc. Executive Summary Apple Inc. is an American multinational corporation headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software, online services, and personal computers. We will be focusing on Apple, Inc. to create a new service that will not only impact Apple's reputation in a positive way, but it will also promote more success. Apple, Inc. has many innovated products that have been popular in our industry, we have decided to incorporate a system in this particular company as popularity, and business success is part of it. We have decided to launch a service to customers with disabilities, this will be intended to help them get...
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...Marketing Plan Reda Bouizar Devry University Mktg522 Marketing Plan 1.0 Executive summary The purpose of this marketing plan is to introduce Apple into a new market that has the potential to make the company leading further in the high-tech industry. The proposed product is the iWatch, a smart watch that features Apple’s latest technology. This product will allow the company to penetrate the market of wearable technologies, which will weight 1.4 billion dollars by the year 2018. In fact the market demand is increasing steadily in regard of this new type of technologies. Companies such as Samsung and Google had introduced wearable devices such as the Galaxy Gear or the Google Glass in order to create a new way for consumers to interact with technology. The iWatch will satisfy a new demand that is estimate to five million shipments in the next year. (Ranck, 2012, p. 1). Using the Apple strengths such as advanced patents, strong brand equity and extensive distribution channels; the iWatch can be, like the iPod, a strong vector of development for the company. In fact, the marketing objective proposed by this plan is to become a leader on the wearable technologies market and ultimately sale three million units by the end of next year as a financial objective. This document will present the marketing mix that will allow Apple to reach those objectives. Elements like fashionable design, high quality and new technologies will permit the iWatch to...
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...Executive Summary Big Apple Executive Training will expand its top-quality professional development and training to include short courses in project management fundamentals, project planning and control, project finance and budgeting, and project risk and quality management. As with other classes and boot camps, the project management courses are designed to help those with little experience in project management gain an intermediate understanding of what it takes to manage a project effectively. Since Big Apple Executive Training has already established a presence in the training market, the marketing plan for a new course rollout will focus on the pricing, promotion and place of our new courses. Although Big Apple Executive Training already offers an extensive line of high quality management training courses and boot camps, it has become apparent that the company is missing an area that is desired by our core customers. Over the next year, Big Apple Executive Training will start offering a new suite of courses that focus on project management. Since Big Apple Executive Training already provides high end courses at a reasonable price, the biggest challenges will be separating our products from those offered through PMI New York City and New York University’s Stern College of Business. Target Customers Big Apple Executive Training will focus on the small business and entrepreneur segments for these courses. Although Big Apple Executive Training can handle larger...
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...APPLE IPAD2 MARKETING PLAN LIN,DANDAN ID:0697645 COURSE:MARKETING601 May 9, 2011 * Executive Summary 1. IN PAST Steve Jobs, Steve Wozniak and Ronald Wayne established Apple on April 1, 1976 in order to sell the Apple 1 Computer Kit that was hand built by Steve Wozniak. The Apple 1 was sold as a motherboard (with CPU,RAM and basic textual video chips) – less than what is considered a personal Computer today. Apple was responsible for creating the desktop publishing market due to their innovative programmers, PageMaker and LaserWriter. Between 1983 and 1996 Apple experimented with a number of failed consumer target products including digital cameras, portable CD players, speakers, video consoles and TV appliances. Market share and stock prices decreased. In 2001, Apple introduced the iPod portable digital audio player. The product was phenomenally successful – over 100 million units were sold within 6 years 2. IN PRESENT January 2007, Steve Jobs, the CEO and Co-Founder of Apple, announces that Apple Computer Incorporated would now be known as Apple Inc. In 2010, apple inc. introduced the first ipad, in 2011, ipad2 came out. 3. IN FUTURE Apple plans on focusing on satisfying personal consumer demands rather than merely fulfilling a demographic requirement as well as, improving performance and stability rather than introducing new features when releasing new versions of any product. * Situational Analysis 1. Political Situation •Taxation is...
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..."English Business Programs" "Assignment Writing" "Second Semester" "CiB_01/03" "Marketing" "The marketing-plan of Apple Computer" "entering the digital music revolution" "Course Lecturer: John F. Sykes" "Author: Urs Gaudenz" "Submitted: January 22nd 2004" " CONTENTS" "1 Introduction 4" "2 Methodology 4" "3 Digital Music Revolution 5" "4 SWOT Analysis 6" "4.1 Opportunities 6" "4.2 Threats 6" "4.3 Strengths 7" "4.4 Weaknesses 7" "5 The Market Entry 8" "5.1 The Market for...
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...APPLE IPAD2 MARKETING PLAN LIN,DANDAN ID:0697645 COURSE:MARKETING601 May 9, 2011 * Executive Summary 1. IN PAST Steve Jobs, Steve Wozniak and Ronald Wayne established Apple on April 1, 1976 in order to sell the Apple 1 Computer Kit that was hand built by Steve Wozniak. The Apple 1 was sold as a motherboard (with CPU,RAM and basic textual video chips) – less than what is considered a personal Computer today. Apple was responsible for creating the desktop publishing market due to their innovative programmers, PageMaker and LaserWriter. Between 1983 and 1996 Apple experimented with a number of failed consumer target products including digital cameras, portable CD players, speakers, video consoles and TV appliances. Market share and stock prices decreased. In 2001, Apple introduced the iPod portable digital audio player. The product was phenomenally successful – over 100 million units were sold within 6 years 2. IN PRESENT January 2007, Steve Jobs, the CEO and Co-Founder of Apple, announces that Apple Computer Incorporated would now be known as Apple Inc. In 2010, apple inc. introduced the first ipad, in 2011, ipad2 came out. 3. IN FUTURE Apple plans on focusing on satisfying personal consumer demands rather than merely fulfilling a demographic requirement as well as, improving performance and stability rather than introducing new features when releasing new versions of any product. * Situational Analysis 1. Political Situation •Taxation is...
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...For the distribution strategy, Apple first wanted to control the distribution with an iron fist. They wanted to carry all of the weight and do the work themselves cutting out middlemen and in their minds, increasing profits. However, they soon came to realize it would be easier expanding their product to more people and in the long run actually making more money. The Apple iPhone now has 40 carriers in the United States, including big name companies such as Verizon, AT&T, Sprint, T-Mobile and Virgin Mobile. The iPhone has become a must have item among cell phone owners and is in very high demand. The iPhone has many more carriers in other countries but for the purpose of this presentation we have just included United States carriers. Apple distributes its iPhone through its brick-and-mortar shops and through its website, but also through many other big name stores and their online shopping centers. Apple has a relatively low store count at around 250, but are very productive on a per unit basis. They are very reliant on stores such as Best Buy, Wal-Mart, Target, and others. Despite the low store count, Apple is one of the most successful brick-and-mortar shops generating more revenue per square foot than any other retailer in the United States. The Apple iPhone Sales by outlet is distributed as follows: AT&T- 28%, Verizon- 26%, Apple- 21%, Best Buy- 10%, Sprint- 9%, Mass Retailers- 4%, Amazon- 1%, and eBay- 1%. Apple makes it very easy to purchase an iPhone. Their distribution...
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...Marketing Plans MKTG305-1202A-02 Marketing Management Project Type: Unit 1 Individual Project 3/25/2012 Abstract This paper will explore two different marketing plans involving Apple Computers and/or Steve Jobs. It will discuss how a marketing plan made a product successful and it will discuss how a marketing plan made a product unsuccessful. A failed movie will be discussed and marketing concepts will be applied to analyze its failure. Marketing Plans Introduction One of the most important aspects of any business is marketing. It can make or break the strongest retailer. Figuring out what the customer wants and analyzing that data will help determine the marketing plan; getting that information right will determine if that plan is successful. Considered a genius when it comes to marketing, Steve Jobs made Apple what it is today, but he didn’t always do everything right. He learned some lessons along the way that contributed greatly to his success and legacy. His determination allowed him to learn those lessons and ultimately it helped him change the world. Definition of Marketing Plan A marketing plan is a written plan that explains in detail how an item or service will be marketed. This will include what has been learned about the market, including demographics and population. It will also include established goals and how they will be met. A marketing plan, if done well, will facilitate the entire direction and coordination of the marketing endeavor...
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...Marketing Plan MKT/421 June 18, 2014 Abstract This paper will demonstrate a successful marketing plan for our product the one and only “Beats by Dre”. It will attempt to demonstrate the importance of a marketing plan and the need for one. Our promotional strategy for our headphones will include the following: advertising, public relations, digital marketing, sales promotion, direct marketing, event marketing, and outdoor. Also being discussed will be the effect professional selling may have on the offering, an initial budget for our plan, the methods that we use will measure the success of our plan, along with any ethical issues that our plan might have. Marketing Plan It is very vital that not only Apple with the “Beats by Dre” have an excellent marketing plan but for every company that is trying to sell or market a product to do so. The marketing plan is our rally point. The marketing plan allows our employees to have a shelter or something to hide behind. We want no only the big players but also our soldiers to feel assured that the commander in chief knows how to run this operation. In our marketing plan we want our whole team to be engaged and feel overwhelmed while on this thrilling and difficult joint struggle. Our employees are committed to the company because we share with them the vision of the company. Here at Apple we chart our marketing plan for success. For we might not know the outcome of what will happen a year or five years from now but we still thrive...
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...one of these components from a marketing plan, it falls apart, and the plan won't succeed. All three are necessary for the successful completion of marketing activities that support businesses achieve their strategic goals. 6.1 Implementation According to Charles W. Lamb 2011, “implementation is the process that turns a marketing plan into action assignments and ensures that these assignments are executed in a way that accomplishes the plans objectives.” An implementation plan is a management instrument designed to show, in detail, the critical...
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...Apple Inc is America's second-biggest company, and profits growth rate of 50% at an annual. In the past four years, Apple from a medium-sized technology companies to grow for America's second-biggest company.(Blackden) It's hard to imagine that the company has Apple’s scale can remain more than 50 percent of the profit growth. All of these Care from the company’s strong marketing strategy. Product. The main measures of Apple were simplifying the product plan, cut more than fifteen product styles into four basic product styles. So the cost was got an effective control, the upper producers became a small but efficient organization. Apple sign a long-term contract with his commodity producers and distributors, so in the marketing, apple keeps the price advantage. An example is IPad, one kind of tablet PC. The IPad’s pure cost is more than 350 dollars each, but if other computers want to produce the same products, they would pay more than Apple. Today, many companies have introduced the tablet computers, but the prices are still higher than IPad. The effective cost control of the products is an important marketing strategy of Apple Inc. As the result, the customers accept Apple’s products, because in the market there are no better or cheaper products that they can choose. Price. Actually, Apple’s products have their own set of prices. These prices are set up on their independent products. For example, the MacBook, one of the laptop builds on OSX system, in market, none of the laptops...
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