Free Essay

Critical-Thinking-Marketing

In:

Submitted By gn838446
Words 962
Pages 4
CRITICAL THINKING -MARKETING

Name
Course
Date

Idea Background
EM Technologies
Modern business innovation is more of re-designing the wheel than originating one. In most developed nations, it could be the ability to accurately find out what is happening beyond the borders. Effective Micro-organism (EM) refers to a technology that blends anaerobic organisms in farming, medical and nutritional supplements. According to the official EMRO site, the technology was originated by Professor Teruo Higa in 1980s from the University of Ryukyus in Okinawa. Japan. Higa established that there are three groups of microorganisms in every medium (air, water, soil and the human intestines).He also claimed that the EM ratio could be positive or negative and that it is possible to supplement a medium to the desired result.
Organic farming systems are rapidly being adopted all over the world with the result of better production and output per acre. Reports by International Kyusei Nature farming Centre inform that several states in Japan have worked with EM for decades and experienced excellent results. In Africa and parts of Asia, farmers continue to use ancient farm tools only that this time continued use of in-organic fertilizers has killed their soil. Organic farming assures a lasting solution to food shortage in developing world and has several other environmental friendly uses. (Szymanski & Patterson, 2003).
The overall strategy
To introduce Organic farming and EM-1 technology to the developing nations with the aim of profit is the only way out of the mud. EM may be common in Japan but in some parts of Asia and Africa, not so much. The plan in this line of product is to make money from empowering potential clients (farmers) by providing them with an alternative to in-organic fertilizers which have dilated their soil. The strategy is to show the farmer what damage the sole use of chemical is, and offer a solution by teaching via one-to –one group meeting or monthly magazines. EM-1 is the original product which will be later used to make Organic fertilizer and other products. To be an exporter of EM a certificate from (EMRO) will be required, in addition, a regulatory framework for compliance as well as a strategy for environmental compliance is mandatory.
There should be adequate time and special focus to employ Design for Excellence (DFX). For an entrepreneur there is no short-cut to designing high-quality products that are well manufactured, tested, shipped and supported. The initial three products will have to pass the cost, reliability, manufacturing and procurement tests. To achieve (DFX), the overall logistics must meet the minimum thresholds.EM-1 will be sourced from the company EMRO, and The two other by-products are made by mixing the right amounts of solvents, The packaging and later selling is a business opportunity.
Features of the target market
The target market includes farmers with small and medium farms. These farmers are mainly subsistence farmers, micro business farmers who have not worked with EM technologies. Developing nations have majority of their people as farmers and therefore easier to create niche markets especially for training purposes. For large-scale farmers, the assumption is that to have survived in the agri-business, they must have applied the technology.
Availability of the target market in efforts to promote a product will be easier and less costly as with proper communication two officers will do a demonstration in the targeted regions. The target market may not offer premium prices, however the high numbers will translate into more sales. Recent reports inform that majority of the people own or have easy access to the phone, this indicates that after sales support will be cheap and convenient.
Why that target market is attractive
A developing nation approach is perfect given the major problem with the governments in place is in feeding its people. The technology will also solve the poor water and sanitation standards by promoting an adoption of better waste management and protection of water catchment areas. With the current trend in population profiles and projections, the developing nations have no option, but to embrace the technology. Most governments are quick to subsidize the compliance rates and this gives the venture a chance to test the market.
A positioning strategy
A simple survey comprising of qualitative and a randomized primary data of the existing competitors will reveal the positioning options. Weinstein (2013) suggests that an entrepreneur embracing the use of concurrent engineering will benefit from the assurance that high-quality products from EM-1 are built at the lowest possible cost. This will be facilitated by delegating an experienced project manager and assembling a team that will be overseeing the manufacture of organic fertilizer and the fermented compost all from EM-1.Since business is a risk, an entrepreneur as suggested by Product Realization Group, should mitigate risks by focusing on the basic product features, ensuring feasibility studies are done earlier, setting realistic goals and applying risk assessment tools.

References
Amano, K. (n .d). Expansion Status of Nature Farming and EM Technology in Japan. International Kyusei nature farming Research Centre journal. Retrieved from: http://www.infrc.or.jp/english/KNF_Data_Base_Web/PDF%20KNF%20Conf%20Data/C6-8-247.pdf
Szymanski, N. and Patterson, R.A. (2003).Effective Microorganisms (EM) and Wastewater Systems in Future Directions for On-site Systems: Best Management Practice. Proceedings of On-site ’03 Conference by Patterson, R.A. and Jones, M.J. (Eds). Held at University of New England Product Realization Group.(n .d).7 Most Common Problems of New Product Introduction. Menlo Park, CA. Retrieved from: http://productrealizationgroup.com/wp-content/uploads/NPI_Checklist.pdf
Weinstein, A.( 2013). Handbook of Market Segmentation: Strategic Targeting for Business and Technology Firms, Third Edition. Madison Ave, New York: Routledge Publishers

Similar Documents

Premium Essay

Final

...Associate Level Material Critical Thinking Final Presentation Select and complete one of the following options: Option 1: Education Option 2: Marketing Option 3: City Council This benchmark assessment is a means for you to apply all you have learned in this course. It is recommended that you work on this a little each week to ensure adequate time is spent on building this presentation. To provide context, a variety of scenarios are provided for you to choose from. Regardless of the scenario, the presentation should include the same criteria. Option 1: Education Imagine you are an elementary school teacher wanting to add critical thinking to the curriculum at your school. You are preparing a presentation to deliver to the school board for your district. You want to convince them to change the way they teach thinking and to specifically address the explicit teaching of critical thinking in the elementary school setting. Research this topic online and in the University Library. Locate at least three articles on this topic, in addition to the Elder article. Create a 10- to 12-slide Microsoft® PowerPoint® presentation that includes the following: • Is this topic a problem or an issue? How would you express it? • What methods could you use to produce ideas to resolve this problem or issue? • What habits and perceptual blocks that hinder your thinking did you have to overcome with this topic? • How did you detect bias in your research...

Words: 882 - Pages: 4

Premium Essay

Case 1

...positioning strategy to implement these new promotions. Start with the Critical Thinking wheel in the Introduction to your analysis. Identify the Purpose of this case analysis, making sure to state the Point-of-View you are using. Then, make a list of key Assumptions that will be used in your analysis, with any key Implications. There should be a logical flow to your assumptions – maybe organized by topic or in order of importance. As an example, there is a pricing assumption about which demographics get the highest ad rates. Once you’ve completed a thorough Introduction, you will work through several analyses: 1. Complete the Customer Segments Overview (note that this is a Concept on the Critical Thinking wheel) as shown at the end of this assignment and discussed in class. You will need to pull Data from the case itself + add your own Inferences + try to find additional Data by searching the University Library databases. Please make sure to include your own insight above and beyond the information listed in the case. 2. Complete the Profit Potential analysis including your rationale and Inferences in the table to add more rigor to your assessment of the segments. Make sure you include a rationale for your profit potential ratings across segments. 3. Complete Exhibits 4 and 5 from the case to develop the financial analysis of the segmentation alternatives where Scenario 1 = mass marketing to all segments, Scenario 2 = Market Concentration on...

Words: 995 - Pages: 4

Free Essay

Career Plan

...when marketing themselves in the employment world. Having a clear understanding as to what their individual behavior skills and competencies are, along with a better understanding of the individual’s strengths and weaknesses when critical thinking is involved can help in determining the individuals occupational interest. In conjunction to this, work cultural values and preferences can play into what groups the individual will be able to identify with on a professional level and allow them to perform and communicate more effectively. An excerpt from Career Competencies for Managing Cross-Cultural Transition by Nancy Arthur, explains that “people need to be prepared for working with others whose cultural background is different to their own…a frame work for understanding…career development practices need to be expanded…in a world that is increasingly characterized by cross-cultural transition” (Arthur, 2000). The business communications course taken by this author revealed various things from her perspective. While the career assessments have revealed additional fields of interest, the course has also given her insight as to how the various forms of communications are channeled, specific names given to various forms of arguments, and what details should be identified in various forms of fallacies. Prior to this course, she thought of herself as and a good listener. But now, she will be able to call out the obvious by a given name and continue to utilize her critical thinking through...

Words: 351 - Pages: 2

Premium Essay

Critical Thinking

...Thinking Critically Simulation Review Joslynn Smith Jill Clayton Brenda Robinson Bernadette Brandhagen-Mayor Leon Crutcher Bill Schmelzle MGT/350 7/6/10 Melvin Jeppson Thinking Critically Simulation Review Problem solving tools and techniques As a group we decided on using a couple of problem-solving tools, brainstorming and cause and effect/fishbone method. The first step we did was to define some of the problems facing Credenhill’s. The biggest problems were; sales falling continuously for the past eight weeks, (especially in the high-end product categories), legal action notice from the city, regarding a disability access law, high competition with a new store a block away, and a loss of a manager and employees to the competition, $80,000 unsold inventory, problems with the Wide Area Network (WAN), and unhappy employees. We use the Man-Method-Material-Machine format to help us organize our brainstorming solutions into categories. [pic] We started using brainstorming, all ideas presented were discussed and considered. Ideas were then added them to the fishbone under the correct category. It helped for all of us to brainstorm, generating numerous ideas to help fix the problems. After we were done with our brainstorming of ideas, each team member presented their idea more thoroughly. A letter was assigned a letter to each idea on the diagram, and each group member was given a piece of paper. On the paper we categorized the problems...

Words: 1023 - Pages: 5

Premium Essay

Professor

...Business Classes Performed In Two Colleges To Improve Critical Thinking Skills Of The Participating Students Frank DeSimone, Department of Business Administration, Wagner College, Staten Island, NY John Buzza, Center for Entrepreneurship, Monmouth University, Long Branch, NJ ABSTRACT The motivation for this paper comes from need, need for our students to learn not only subject matter through traditional methods in a classroom, but foundational learning through experiences obtained directly in the workplace. The terminology used today for this student experience is referred to as experiential learning. This experiential learning comes in two forms, either (1) learning by yourself or (2) through experiential education (learning through programs established by others). You can kindly refer to learning by yourself as “nature’s way of learning” as it occurs as a direct participation in the life cycle. However experiential education can be defined more succinctly as a structured approach, using experiences and the direction of others to create the learning curve. The issue at hand is simple - does participatory (experiential) education create critical thinkers among our students and make them more aware of and able to more easily solve the problem(s) at hand? Our diligence has focused on two distinctly different courses in two different semesters (fall 2011 and spring 2012) in two different business disciplines (business marketing and entrepreneurship) at two distinctly different...

Words: 5201 - Pages: 21

Premium Essay

Idh1

...g should also be applied to marketing my stance from here will try to parallel the mastery of management with the management of marketing developing critical thinking skills Cognitive Research Trust of Cambridge(CoRT) integrate facts +logical reasoning with political motives of persons surrounding the problem other peoples aspirations objectives agendas and movies should be considered emphasis should be placed on identifying persons and constituencies who may have an interest in manipulating aspects within the scenario Education in a Competitive and Globalizing World Critical Thinking general, immersion, infusion, and mixed approaches Scaffolding Structures of Creative Thinking? tables described by bentley thes niggas aint monumental these niggas just coincidental they just happen to here they some flys round a garbage can but soon ill be flying in them leer jets this my first punch but these lines aint the only thing in history i lunch niggas know i fucking eat when i sit at the table its a miutherfucking feast i just rap to get through ion even see the reasons but I’m reading through these scriptures and I’m learning bout the truth and the lies that y’all tell eagerness of petty hoes and stagnate niggas also acting like they bout to win but just grind blind same reason why jesus got nailed on the cross cuz y’all dont think critical(kal) guess niggas simple they dont care to be incremental fuck growth continually they just do whats...

Words: 529 - Pages: 3

Premium Essay

Marketing Management

... | |Grade |Content, Focus, Use of Text/Research |Analysis and Critical Thinking |Writing Style, Grammar, APA Format (when | | | | |assigned) | |% |50% of total points |30% of total points |20% of total points | |90-100% |Your score = 10 points |Your score = 6 points |Your Score = 4 points | | |Response successfully answers the |Response exhibits strong higher-order |Sentences are clear, concise, and direct; | | |assignment question(s); thoroughly uses|critical thinking and analysis (e.g., |tone is appropriate. Grammatical skills are | | |the text and other literature. |evaluation). |strong with almost no errors per page. | | | | |Correct use of APA format when assigned. | |80-89% |Response answers the assignment |Response generally exhibits higher-order|Sentences are generally clear, concise, and | | |question(s) with only minor |critical thinking and analysis (e.g. |direct; tone is appropriate. Grammatical | | |digressions; sufficiently uses the text|true analysis)...

Words: 1683 - Pages: 7

Premium Essay

Career Interests Profiler

...Profiler and Competencies activities Discuss the ways in which understanding your personal competencies will help you to improve your critical thinking skills. How can knowing your competencies help you to evaluate arguments? This paper will discuss the results of my career interest profiler and competencies activity. It will also discuss the ways in which understanding your personal competencies will help you improve critical thinking skills, and how can knowing your competencies help you to evaluate arguments. I was asked a series of question during my career interest profiler. The profiler based on those results determined that I am enterprising, conventional and artistic. My results reflect what I have been working towards. My career matches are advertising, marketing manager, fundraising manager, grants manager, and business development executive. I am aiming to go to grad school for my Master of Business Administration with a concentration in Marketing upon completion of my bachelor’s degree, and this information has given me even more confidence that I am on the right path. Many of the strengths listed I already knew about myself, having this confirmed will give me the confidence to trust my instincts about myself and stop holding back. My strengths are delivering results, writing, goal focused, entrepreneurial thinking, organizing and innovating. I have always loved writing and working on projects, and I already use this skill to my benefit. I have used...

Words: 360 - Pages: 2

Premium Essay

Critical Thinking and Society

...Critical Thinking and Society PHL 458 March 17, 2014 Critical Thinking and Society Critical and creative thinking is important in order to be successful in the work place. Challenges arise daily that require the management team to think on their feet in both critical and creative ways. However there are times when they do not have the time needed to really think about how to handle a situation. A challenging guest came into one of the restaurants and was giving the host and cashier a difficult time. This guest had been in the restaurant before and is a constant challenge every time. Management usually knows what to expect when they see this guest walk into the restaurant. This particular day the manager on duty had had enough of this guest and his reoccurring challenges. The guest started to complain about something and the manager on duty had asked the guest why he is always so rude and if he was that unhappy every time why does he keep returning. Of course this upset the guest even further and caused a big scene. Regardless of how the guest acted it was not professional for the manager to approach the guest in that way. Had this manager stopped and used her creative and critical thinking she most likely could have approached this guest in a less offensive way. Free Will, Truth, Knowledge, and Opinion Free will is having the ability to make a decision even though a person may have grown up or been conditioned to think a certain way. Truth is something that will always...

Words: 872 - Pages: 4

Premium Essay

Social Media

...Research Paper Template Your name: Clinton Butler Your Capella email address: cbutler23capellauniversity.edu The course number: BUS3004 Instructor name: Mrs. Holly Date submitted: Aug 11, 2013 Title of your paper: Social Media in the work place Introduction Some employers use the internet to hire future employees meaning most of their applications are done online. Some employer uses it to promote their business, for examples they use it to put different advertisement ads out. The main problem with networking in the workplace is that most people use the internet for the wrong reason. For example a hiring manager supposed to online looking for new employees that fit the needs of an opening a business may have and instead they are looking at porn. Not only have the company paid him all day to do his job that he is not during they still don’t have any potential on the opening that they have available. So either way it go the company is losing money. So if you look at it networking can be a good thing and it could be a bad thing in a business stand point. I don’t think banning social networking from business should be an option but I do think that it should limited access on what sites that they may and may not be able to access form a work computer. If they do get caught during something on a computer that is not work related should be punished or they should just lose their job all around. I think that if they make it clear what the internet is supposed...

Words: 1476 - Pages: 6

Premium Essay

Career Development Plan Part Ii Hrm/531

...specialized training to help them meet the goals. The next analysis should be done on the operation. This aspect will help assess what job specific requirements the employees need to be trained on. The final analysis is done on the individual level and will assess how each individual performs their job and what specific training may be necessary to help them do the job better (Casio, 2005). Organizationally, the strategic goal for InterClean is to become a global leader in providing products and solutions for all their customer’s sanitation needs. For the demographics portion of the analysis, there is no group that needs specialized training. In regards to the operations portion, the focus will be on training for customer service, critical thinking, diversity training, market research, and problem solving techniques. To determine which of the training is required by which employee, the final analysis will be done on the individual level to determine what strengths and weaknesses exist with each individual and what...

Words: 1121 - Pages: 5

Premium Essay

About You

...Splash Media, 2 years ago Thanks for sharing Zaid. Your presentation played a key part in a video about critical thinking that I just published. http://www.youtube.com/watch?v=-85-j7Nr9i4 chuchad at chuchad, 2 years ago Thank you for sharing. This presentation is very useful. ommeone 2 years ago Thank you for sharing the great ideas of critical thinking. It really helps me on doing my thesis. Patti Waterbury, Founder/President at Creative Growth Strategies, Inc., 2 years ago Thank you for sharing...excellent content. Comments 1 - 10 of 21 comments next Embed Video Subscribe to comments Post Comment Speaker Notes on slide 28 98 Favorites Karori International Ventures Limited at Karori International Ventures Limited, 1 month ago Tags creative thinking Greg Williams, instructional designer, eLearning developer, professor, trainer, consultant at University of Maryland, Baltimore County, 1 month ago Wagner Rezende, Professor at UFG, 2 months ago osupa01 3 months ago Monica Giovanovich, capacitacion, comunicacion, recursos humanos at Independiente, 4 months ago asaito 6 months ago Tags critical thinking weme 6 months ago chiggsy 6 months ago celestwoo 8 months ago Shashidhar Venkatesh Murthy, Associate Professor & Head of Pathology at School of Medicine, James Cook University QLD 4811 AUSTRALIA, 8 months ago more Introduction to Critical Thinking -...

Words: 2973 - Pages: 12

Premium Essay

Iphone Project

...Summary of Task One The product selected for this project is I phone. Apple has been going through innovations since beginning. A series of innovative products had been introduced by apple that changed the industry trends such as I phones and I pads. They combine the innovation, design and marketing to gain the competitive edge over the competitors. This company is continuously innovating but there is strong competition in the market. Therefore, taking into account the task one will be accomplished. The first task of the assignment is very critical and requires full understanding ad theory application of the learnt material in the course of marketing design and innovation. The first task of the assignment is divided into three sub-tasks. The first task related to the benefits and value which are sought by the consumers utilising the services and products. The values have been very extensively researched out and there are different types of values as according to Anderson et al 2006. In this section, I intend to add the value types and how these values delivers benefits, what specific value and benefit is delivered and what the consumer wants will be reviewed in relations to Apple i-phone. Innovation an important value (Von, 2003) will be discussed in relation to the case. The second sub-section of the assignment required from students to write about the uniqueness of its design elements – shape, colour, design, imagination, relevance and Usefulness (Jordan, 2000). In this section...

Words: 671 - Pages: 3

Premium Essay

What Is Critical Thinking

...Reading 1.3-1: What is critical thinking? 1 Reading 1.3-1: What is critical thinking? The world of accounting has changed dramatically over the past 50 years. In 1965, the key skills expected of a new CGA could best be described as ―technical‖ — the application of accounting, auditing, and other related skills to the recording of transactions and the generation of financial statements. However, by the mid-1990s, the notion of competency-based assessment had replaced this older model of skills assessment. The development of a competency map identifying key skills required for the accounting profession indicated that a key skill is the ability to think critically. Simply put, critical thinking is a type of thinking that questions assumptions. The Critical Thinking Community at http://www.criticalthinking.org/ provides the following definition: Critical thinking is self-guided, self-disciplined thinking which attempts to reason at the highest level of quality in a fair-minded way. Critical thinking can be applied to any course in the CGA Program of Professional Studies. It entails the examination of those structures or elements of thought implicit in all reasoning, which consists of  Purpose, problem, or question at issue  Assumptions  Concepts  Empirical grounding  Reasoning leading to conclusions  Implications and consequences  Objections from alternative viewpoints  Frame of reference ―Critical,‖ as used in the term ―critical thinking,‖ relates to the importance...

Words: 3402 - Pages: 14

Free Essay

Mkt101 Individual

...INDIVIDUAL ASSIGNMENT (10%) Please choose one topic out of the following three: 1. When looking at factors influencing consumer behaviour, the CMO of a multinational company said “Failure to adjust to cultural differences can result in ineffective marketing or embarrassing mistakes”. Do you agree or disagree with this statement and why? Illustrate you answer with examples. 2. Choose a fast moving consumer goods (FMCG) company in Vietnam. Analyse the marketing environment of that company. 3. Choose a service company operating in the Vietnamese market. Conduct a research to examine its Segmentation, Targeting and Positioning strategies. General Requirement: You are required to write your assignment in an essay format to discuss one of the three topics above. In order to complete this assignment, you are expected to conduct a primary and/or a secondary research and critically apply marketing theories in analysing real-life examples. Extra mark is given for critical thinking and primary research. Please also include the evidence for your primary research in the appendix. It should be the transcript of your interviews, interview questions and related materials. The length of the individual assignment should be 1000 words (± 10%) excluding appendices. All assignments should be typed and set 1.5 line spacing with 10-point Arial font. You must submit both a hard copy and an electronic copy of your assignment. Due date: Slot 17. A deduction of 10% of the...

Words: 428 - Pages: 2