...McBride Marketing Paper Robert Greenleaf BSA/310 November 1, 2012 GARY TEED Marketing is an essential tool to the success and implementation of any marketing plan or strategy. Businesses rely heavily on the targeting the right customers desiring specific needs. There are many considerations to analyze when approaching the development of a successful marketing strategy. Marketing is defined as “the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return” (Armstrong & Kotler, 2011, p. 5). Today’s business environment is constantly evolving and reshaping; consequently, business organizations must cater their marketing strategies to the global, digital fast paced business world that we live and operate in. Businesses must consider market research, media requirements, target markets, and other considerations in order to have a successful marketing strategy. According to Armstrong and Kotler (2011), “By creating value for consumers, they in turn capture value from consumers in the form of sales, profits, and long-term customer equity” (p. 5). McBride currently has a marketing strategy that would be considered to outdated or ancient compared to today’s digital, mobile, and internet related businesses. The following issues will discuss intricate avenues of approach to design a compelling, competitive, trend-setting strategy that...
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...BSA 310 Entire Courses (UOP Course) For more course tutorials visit www.tutorialrank.com BSA 310 Week 1 Discussion Question 1 (UOP Course) BSA 310 Week 1 Discussion Question 2 (UOP Course) BSA 310 Week 2 Discussion Question 1 (UOP Course) BSA 310 Week 2 Discussion Question 2 (UOP Course) BSA 310 Week 2 Individual Assignments Critical Information Systems Paper (UOP Course) BSA 310 Week 3 Discussion Question 1 (UOP Course) BSA 310 Week 3 Discussion Question 2 (UOP Course) BSA 310 Week 3 Individual Assignment Service Request SR-kf-013 (UOP Course) BSA 310 Week 4 Discussion Question 1 (UOP Course) BSA 310 Week 4 Discussion Question 2 (UOP Course) BSA 310 Week 4 Individual Assignment McBride Marketing Paper (UOP Course) BSA 310 Week 5 Discussion Question 1 (UOP Course) BSA 310 Week 5 Discussion Question 2 (UOP Course) BSA 310 Week 5 Team Assignment Service Request SR-rm-012 Paper and Presentation (UOP Course) ____________________________________________________ BSA 310 Week 2 Individual Assignments Critical Information Systems Paper (UOP Course) For more course tutorials visit www.tutorialrank.com Individual Assignment: Critical Information Systems Paper • Write a 3-5 page paper based on one of the following Virtual Organizations: o Smith Systems Consulting. Huffman Trucking. Kudler Fine Foods. • For the selected Virtual Organization, describe an information system critical to the business processes of the organization...
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...BSA BSA/310 McBride Financial Services is a startup mortgage lender headquartered in Boise, Idaho. The company will specialize in conventional, FHA, and VA loans for home buying and refinancing. The mission of this company is to provide low cost mortgage services operating in the following five states: Idaho, Montana, Wyoming, North Dakota, and South Dakota. This paper will describe a marketing plan designed to help McBride Financial Services to fulfill this mission using market research, media, target markets, and Web marketing. I would recommend that the first step of this marketing plan include conducting market research. I would begin by making the necessary inquiries to find out what the other mortgage lenders for the area are doing. An example of this would be to find out what their interest rates are, what their application process involves, and what the length of time between inquiry and closing is. Once this information is obtained McBride Financial Services will be able to become competitive in the market. They can concentrate on the customer experience. Research has soon that consumers will be more likely to use a service if it is user friendly and a pleasant experience. I would recommend that the next step of the market research should be to make personal visits to the real estate agents and brokers in the area. This would allow the agents to know more about McBride Financial Services and be able to recommend them to potential home buyers. The real estate agents...
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...McBride Marketing Paper Nicholas Fletcher BSA/310 01/24/2014 Jessie Nightingale McBride Marketing Paper After studying the company McBride financial services it is evident there’s a lot of marketing that can be done and tools used that will increase the company’s visual presence and in turn increase mcBride’s customers database. Let’s first look at the facts and position that the company is currently in. Who is McBride? They are a regional mortgage lending company that specializes in conventional FHA and VA loans for new homeowners purchasing and homeowners that want to refinance there homes. The headquarters is conveniently located in Boise Idaho. One of their goals is to expand their operations to Wyoming, Montana, North Dakota and South Dakota. McBride’s target markets are as follows: Families and/or individuals purchasing recreational properties. Professionals that are either purchasing a primary or secondary residents. Retirees that are purchasing a primary or secondary residence. While targeting these markets McBride’s business philosophy is “ Our customers will receive the most efficient and effective processing of mortgage application form from inception to close.” McBride is a very aggressive company seeking to break even financially within six months of being in operation this is key because they want to become profitable within a year of operating. McBride also has a goal of establishing themselves in five different states. Although these goals...
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...McBride Marketing Paper BSA/310 Jessie Nightingale McBride Marketing Paper After studying the business McBride financial services, it is evident there's a lot of marketing that can be done and tools used that will increase the company's visual presence and in turn increase mcBride's customers database. Lets first look at the facts and position that the company is in currently. Who is McBride? They are a regional mortgage lending company that specializes in conventional FHA and VA loans for new homeowners buying and homeowners that want to refinance their homes. The headquarters is conveniently located in Boise Idaho. One of their goals is to expand their operations to Wyoming, Montana, North Dakota and South Dakota. McBride's target markets are as follows: 1. Families and/or individuals purchasing recreational properties. 2. Professionals that are either buying a primary or secondary residents. 3. Retirees that are buying a primary or secondary residence. While targeting these markets McBride's business philosophy is, " Our customers will receive the most efficient and effective processing of mortgage application form from inception to close." McBride is a very aggressive business seeking to break even financially within six months of being in operation this is key because they want to become profitable within a year of operating. McBride also has a goal of establishing themselves in five different states. Although these goals are aggressive they can...
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...McBride Financial Services Marketing BSA 310 July 10, 2013 Introduction McBride Financial Services is a mortgage service provider that caters to the needs of first time home buyers as well as retirees and business professionals seeking secondary residence in the states of Idaho, Montana, Wyoming, North Dakota and South Dakota. Their business goal is to provide the best services possible through the use of state of the art technology and promotional home buying services; all at a low fixed rate. McBride Financial Services is currently seeking ways to expand its customer base within these states. Its current marketing plan has a startup budget of $50,000 for TV ads, radio time, newspapers, and paper handouts as well as a monthly budget of $5,000 for advertisement upkeep. The current strategy in place has shown profitable results but does not target potential customers fully. To better support McBride Financial Services marketing plan a revised strategy must be imposed. Market Research A thorough analysis of current trends in the housing market and local area is needed to determine population demographics and market type. Local and state records provide past and present trends in the housing market as to whether it is a buyer’s or seller’s market as well as up and coming build ups in the local area. These records also provide information on the population type such as information as to whether the community majority is military, college students, single families or a mixture...
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...Bryan Mills BSA 310 09-03-2012 Donn Leiske McBride's Financial Services McBride Financial Service is a low cost mortgage service that is using new technology. McBride Financial Service is a start-up regional mortgage lender headquartered in Boise, Idaho. The firm will specialize in conventional, FHA, and VA loans for home purchasing and refinancing. McBride Financial Service has locations in five states Idaho, Montana, Wyoming, North Dakota, and South Dakota and provides low cost mortgage services. The clients that they serve are professionals purchasing a primary or secondary home, retirees purchasing a primary or secondary home, and families or individuals purchasing recreational properties. McBride Financial Service is trying to increase the customer base and needs some ideas to implement into the new marketing plan. The purpose of this paper is to critique ideas to expand the customer base for McBride Financial Services. The paper will be covering the market research that should be undertaken. The paper will show, which media type would be the best choice to use and why. The paper will also show what McBride Financial Service target markets should be, and explain why McBride Financial Services should use these markets. Finally, the paper will show the considerations for McBride to conduct a portion of their marketing on the Internet and the reasons McBride Financial Services should use these services. The first thing that will be covered in this paper is the market...
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...McBride Marketing Nathan Meyer BSA/310 July 24, 2012 Jeffrey McNickle McBride Marketing McBride Financial Services wants to expand its customer base with new marketing ideas. McBride Financial current mission is to be the preeminent provider of low cost mortgage services using state-of-the-art technology in the five state areas of Idaho, Montana, Wyoming, North Dakota, and South Dakota ("Mcbride Financial Services", 2011). They target professionals purchasing a primary or secondary residences, retirees, or Families purchasing recreational properties. This paper will cover the research, types of media, target markets, and use of the internet for McBride Financial Services to accomplish their marketing goals. Research will need to take place on the goals of McBride Financial Services marketing campaign. The research is important to all the company to be able to study and design a campaign to effectively target their audience. Data needs to be collected on the current and historic sales or accounts that have been sold, and this can be completed with a tracking system to effectively collect this data based on their goals. Key points of the collected data are the targeted audience they are looking for, how they heard about the company, and how they were sold the merchant account. With researching the data they already have, they can put it to good use to repeatedly reach out to the correct audience and complete the sale. The media McBride Financial...
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...McBride Financial Services Marketing Plan Faten Hamad BSA/310 February 21, 2011 Prakash Naidu McBride Financial Services Marketing Plan McBride Financial Services provides low cost mortgage keys for individuals. McBride Financial Services provides to retirees, experts, and families are thinking to buy whichever a recreational property or secondary or primary house. McBride Financial Services has decided to revamp its recent marketing plan so that they can contact customers is more probable to fit the profile of the kind of buyer that their services are created for. This paper will show up how McBride Financial Services can reach a gainful commerce during marketing and operations in addition to their target of breaking even monetarily. The kinds of media that could used within McBride’s marketing plans and their goals markets will be outline, and their growth of services to the web will also be covered in the following document. As with any marketing plan, research needs to be conducted and reviewed. This research will help McBride Financial Services to orient better their company toward the needs of the customers and could make decisions that will bring more customers to their individual branch offices. Determining where the company stands with its current customers is important because they can build on their current market strategies to reach new customers and excite current customers with new services. An easy method for McBride to undertake in research...
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...McBride Financial Services Marketing Paper Fred Rectenwald BSA/310 Version 8 Frank Skowron McBride Financial Services is a small scale contract and debt supplier in the Northwestern United States, with sites in Montana, Idaho, South Dakota and North Dakota. McBride’s aim customers are from white collar experts and senior citizens buying first and second houses to families and persons in need of buying recreational venues. With a Goal of broadening its user range, McBride requires new strategies for an advertising tactic. When cultivating a marketing tactic, there are four fundamental procedures in the mechanism. Initially, McBride is obliged to explain their mission. According to their site I visited, it is necessary that McBride is obliged to furnish their mission in order to initiate. There is a necessity to improve the company’s mission concerning customer assistance and customer contentment. McBride will arrange a business document according to the preceding procedures the company shall observe at the latest business to conclude what is effective and ineffective and establish tactics for development. The three initial procedures in the mechanism include conclusions on a corporate phase while the end stage corresponds to the everyday enterprises at the business phase. Utilizing the procedures as a protocol to enhance the marketing tactics and immediately implement it. The analysis will describe the customers’ capability for...
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...Week 4 - Individual Assignment McBride Financial BSA 310 Week 4 - Individual Assignment McBride Financial Introduction The following paper briefly describes a marketing plan for McBride Financial Services. Head quartered in Boise, Idaho, McBride Financial Services is a well-known and distinguished as a leading mortgage lender in the five state area of Idaho, Montana, Wyoming, North and South Dakota. McBride Financial also has plans to expand business operations in these states. Loan specialties include; FHA, VA, and conventional for financing and refinancing home purchases (McBride Financial Services, 2011). Research Marketing to Undertake Exploratory marketing research in the proposed expansion areas would help to gather a source of preliminary potential customer base information that will help define problems and suggest hypotheses to follow through with (Armstrong & Kotler, 2011). Marketing researchers need to have certain information about their clientele to make the most effective method in its customer appeal tactic. I would recommend an easy approach that is low cost. A direct mailing package is sure to reach a large number of individuals in an established method of communications that delivers messages by a governmental department. The U.S. Postal Service regularly transports and delivers mail to all people in any given location. The cost of mailing a survey package is low. The population size of the audience is vast. These factors allow for the company to...
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...McBride Marketing Paper BSA 310 October 14, 2013 McBride Marketing Paper McBride Marketing overview McBride Financial offers financial services to customers in the following locations; Idaho, Montana, Wyoming, North Dakota, and South Dakota. Currently McBride Financial offers credit reports, home inspections, appraisals, and mortgages. Strong emphasis is placed on the use of modern technology to ensure the best and fastest service possible for McBride customers. Currently McBride is wanting to expand its customer base and is search of the best marketing ideas and techniques to do so. The following will outline what market research must be done. What elements of the media should be used, and how best to use them. What the target markets should be and how to recognize them. And how the internet can be utilized to farther increase the customer base Market Research One area that could prove useful to research is how other businesses’ similar to McBride are doing, and what techniques they are using if they are profitable. By analyzing how similar businesses are conducting their marketing strategies McBride could adapt some of their better ideas for themselves. McBride should also take a look at the current markets it is located in. If the states McBride is currently conducting business are some of the states that have a slow market for real estate then it may be wise to determine if McBride should stay in these states or open locations elsewhere. If the states they...
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...McBride Financial Services Marketing Paper BSA/310 August 31, 2013 McBride Financial Services is a small scale contract and debt supplier in the Northwestern United States, with sites in Montana, Idaho, South Dakota and North Dakota. McBride’s aim customers are from white collar experts and senior citizens buying first and second houses to families and persons in need of buying recreational venues. With the aspirations in broadening its user range, McBride requires new aims for an advertising tactic. When cultivating a marketing tactic, there are four fundamental procedures in the mechanism. Initially, McBride is obliged to explain and expound their mission. According to the site analyzed, it is necessary that McBride is obliged to furnish their mission in order to initiate. There is a necessity to improve the company’s mission concerning customer assistance and customer contentment. In relation to the phrase "A company’s mission should not focus and revolve around acquiring revenues – they are just the compensation for establishing relationships for users. It must concentrate on user comfort and connections the corporation wanted to establish.” (Armstrong & Kotler, 2011, p 40). The succeeding procedure is utilizing the company’s mission as a protocol McBride decide goal for each department of the company to accomplish the ultimate aim: broadening its user range. McBride will arrange a business document according to the preceding procedures the company...
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...McBride Financial Services Marketing Paper No name BSA/310 August 17, 2010 Mr. Jones McBride Financial Services Marketing Paper McBride Financial Services were created by entrepreneurs who envisioned an opportunity to become the premier provider of low cost mortgage using the state of art technology to assist those in the pursuit of financial independence and financial rewards. McBride Financial Services developed a mission plan with the intention of providing specialize conventional, FHA, and VA loans for home purchasing and refinancing with the intention of expanding future operation into Wyoming, Montana, North Dakota, and South Dakota(University of Phoenix, 2004). Marketing Research and Plan Today’s market makes it difficult for small business owners to attract customers and maintain customers’ loyalty because of the continuous growing and changing market. McBride Financial Services must create a marketing plan that can increase their potential for success. However, in order to achieve this McBride Financial Services will need to perform research to determine the forces related to the market and forces related to the environment with this information the company will be prepared for whatever may come his or her way. The first step in McBride Financial Services marketing research would be to analysis the market. With this analysis, there are a number of statistics and issues that the planner can use determine...
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...Marketing Plan Paper Raymond Holman BSA 310 June 17, 2010 Instructor: Terrell Potts Marketing Plan Paper McBride Financial Services will increase market penetration, establishing their services as the premier technology-based Mortgage firm in the five state areas. To achieve this goal, McBride will conduct market research, select effective media outlets, and target specific markets. Catering to time constrained professionals, retirees, and families wanting simplified and flexible full service mortgage processing McBride will establish itself as a niche leader in the region. McBride (2004) intends to aggressively market using local, TV ads, Newspapers, handouts, radio, and realtors. Additionally McBride will also leverage Internet-based marketing differentiating the business as a technology leader. Market Research Strategy McBride Financial Services recognizes that extensive market research must be completed to optimize advertizing dollars. Although the services that McBride offers are required by all customers to correctly close on a new home, McBride understands that their specific offering is better suited for particular segments of the entire market. To define this segmentation McBride will conduct two key market research studies in demographics, and psychographics. Demographics as defined...
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