Case Study Marketing Mix Marketing Essay

Case Study Marketing Mix Marketing Essay It has already become a commonplace to say that marketing is now constantly evolving and changing; marketing approaches are increasingly applied in commercial companies and nonprofit organizations all over the world. In this regard, many elements of the marketing theory have become universally accepted classical marketing tools: segmentation and positioning, the concept of product life cycle, Ansoff matrix, BCG and GE matrix, SWOT-analysis, etc. The same world popular marketing tool became the concept of Marketing Mix that is generally known as the Four Ps. Thus, it is necessary to describe main elements of the marketing mix in this project. Also it is necessary to show how each of the four elements of the marketing mix affects the development of the organizations marketing strategy and tactics. The organization of my choice is Sony Corporation. Marketing Mix Definition The term marketing mix became often used after a famous Neil H. Borden published his article titled The Concept of the Marketing Mix in 1964. It was not the first mentioning of this term, because Borden began using this term in the late 1940s when James Culliton had described the marketing manager as a special kind of mixer of ingredients. Interpretation of those ingredients in marketing mix by Borden included not only product, price, place and promotion, but also planning, branding, personal selling, servicing, distribution channels, advertising, analysis etc. Thus, in this part of this project it is necessary to define the concept of the marketing mix. According to Wilson and Gilligan (2004), it becomes obvious that nowadays Marketing Mix is a major concept in modern marketing and involves practically everything that a marketing company can use to influence consumer perception favorably towards its product or services so that consumer and organizational objectives are attained, i.e. Marketing mix is a model of crafting and implementing marketing strategy. In other words, marketing mix is a set of marketing tools through which the company seeks a way to influence the demand for goods or services; also it is a set of actions (strategies) that form the demand for certain goods at a specified price at a certain place with the use of certain promotion. Marketing Mix in Details As it was above mentioned Marketing mix consists of four main elements: Product; Price; Place (distribution); Promotion. Describing marketing mix with more details it is necessary to say that the above numerated marketing tools have been isolated from many others primarily because their use has a direct impact on demand and could encourage consumers to make purchases. Conducting of market research, analysis of strengths and weaknesses of the firm, segmentation and other marketing tools, of course, also help marketers in their quest to increase demand for products and services of certain companies, but have only an indirect effect: for example, the demand will not increase just because the firm had marketing research or segmentation of consumers. The result of a successful marketing research can be used to change one or more elements of the marketing mix and is the only way to influence consumer demand. (We should note that the aim to increase demand is not always the true aim, because the elements of marketing mix can be combined and used with the aim to reduce demand that is called demarketing, accord ing to F. Kotler definition.) Another useful property of the elements included in the marketing mix, is their control the marketer can control every element to the desired impact on demand, choose the most promising combination of elements. In addition, the order of the elements of the marketing mix clearly shows the sequence of the main marketing functions implementation. Product as an Element of marketing mix Product offered by a company in the market implies the presence of a set of specific properties in its nature, both material defining the physical features of product (color, packaging, warranty, size, taste, etc.) and intangible the elements of emotional evaluation (degree of commitment to consumers, easy handling, prestige, quality, style, etc.). First of all, it is necessary to determine what the company promotes on the market: consumer goods or industrial goods, product or service. From the standpoint of marketing mix, during the sale of industrial products is more important factual information about a product, since the decision on their purchase depends on professionals opinion. In turn, when referring to buyers of consumer products marketers usually used more emotional appeal. Price as an Element of Marketing Mix In most cases price represents a monetary expression of value of the products and should be installed as the compromise between the seller and buyer. Marketing mix should reflect the price from the buyers position. Companies use price marketing mix strategies for the purpose of to stay competitive and create a positive consumer attitude to the product. In addition, for the purpose of remaining competitive marketing mix strategy, the company can sell the product, comparable to the basic properties of a similar nature at a lower price. If the seller uses the value of the products to fight with competitors, he must show the buyer the price ratio of its product in comparison with others. Place as an Element of Marketing Mix Distribution channels are people and organizations that help move products from the producer to the end consumer. Marketing mix distribution is based on the following scheme: wholesalers buy goods from a manufacturer or another wholesaler and sell it using retail or wholesale trade. They tend to use promotion as an element of marketing mix (personal selling, for example) and take measures to stimulate sales. But at this stage they may also use other marketing mix strategies, such as the sale of mail order, advertising in specialized publications, issue directories, participating in trade fairs. Promotion as an element of Marketing Mix According to Lancaster and Reynolds (2005), we see that in the context of the marketing mix, promotion represents the various aspects of marketing communication, that is, the communication information about the product with the goal of generating a positive customer response. In addition Lancaster and Reynolds (2005) stated that marketing communication decisions include: promotion strategy (push, pull, etc.), advertising, personal selling and sales force, sales promotion, public relations and publicity, and marketing communications budget). Sony Corporation in Brief Sony Corporation is an active follower of marketing mix and we are going to discuss the implementation of the marketing mix four elements by giving it as example. Thus, modern Sony Corporation is a giant organism. It is large in size, complex in structure, operates in nearly all countries of the world and managed by an international team of managers. It becomes obvious that Sony Corporation is not only a multinational conglomerate corporation, but it is also considered to be one of the worlds largest media conglomerate. In its rapid development, Sony Corporation has passed through three major stages: the small producer, specialized company and the big monopoly. The key points of Sony Corporation development are the choice of major goals and setting ambitious scientific and engineering problems. Marketing Mix and Sony Corporation Analyzing product as the first component of the marketing mix by giving Sony Corporation as example we see that Sony products are oriented on different people and companies that allow to make the circle of potential consumers as wide as possible. Customers always look for novelties having good brand and excellent quality, so a variety of products ranging from different electronic devices to entertainment area (such as games, for example) allows Sony Corporation to be not only competitive, but also successful company. In Sony Corporation pricing, decisions are always made in consultation with marketing management and relating Sonys prices to the quality of its products, all customers are sure that they will pay normal price for excellent product. Thinking about the distribution we should mention that Sony Corporation sells its products in various channels. Three branches of distribution such as exclusive, selective and intensive network give the opportunity to satisfy the need of every consumer, who is interested in Sonys products. Promotion is a key element of success of any company and Sony Corporation has a huge promotional budget that covers not only advertising, but also personal selling, sales promotion, direct marketing and publicity. In this case promotion of products is a marketing pressure applied in a certain limited period of time to stimulate trial purchases, increasing demand from customers or improve the quality of the products. Thus, using all components of marketing mix Sony Corporation operates successfully. Despite the fact that Sony Corporation is not a young company, it can not be considered ossified. The style of the companys management still distinguishes by newness and freshness of the young company and it remains popular through a series of measures to control the implementation of all marketing mix components. Conclusion Thus, after considering the transformation of the marketing mix it can be concluded that the marketing mix is a set of parameters of the marketing activities of the organization, when it tries to meet the needs of target markets in the best way. To sum up, it is possible to say that there were discussed all necessary components of marketing mix and its implementation by giving Sony Corporation as example.

Locating the company Essay

Mary Anne used to work in the public library but has resigned four years ago. Currently she writes articles on Wicca and witchcraft for an online website under an assumed name for privacy. She claimed that her ancestors were into the practice long before they came to the US to migrate. According to her, the practice was never foreign to her having grown with a doting father who was a physician studying herbology along with his siblings. Animatedly she began to talk about her funny experiences as a child and showed me her private carpeted room which I was not allowed to step inside. Standing in the halls, I was shown a set of altar tools used in rituals which includes a broom or a besom, a cauldron, the goblet, a hardbound Book of Shadows, a boline or a knife for cutting things and many more. The room was well-lighted with several lamps that looked like candles, and there were several unlighted candles of white, black and gold colors. I was then told that the tools are just plain tools that have no actual powers of their own. According to Mary Anne, the â€Å"tools† are used for a particular purpose and while they may seem unimportant, it is considered rude to touch them without permission. A pentagram was framed at the corner of the room with 3D effects. Altogether, the Wiccan room she showed me was a stark contrast from the rest of the house. We went back to her sitting room and started talking about the popular Wiccan groups in her community. For her, there was no difficulty in locating the company of others but her path is unique and so are the paths of her family members before her. According to her, the Divine is everywhere present in every being. She respects other members and practitioners but prefer to practice alone to maintain focus. Although she attends meetings from time to time, these are often associated with certain religious ceremonies. Knowing that I was quite interested in the craft, she started preaching on the value of ethics and the threefold law that what you do to others comes back to you threefold times. Respect for others and their liberty is critical in the wiccan culture and religion that allows us to be freed from our own selfish ambitions according to Rountree (2002). For Anne, the air, water, and the earth are essential for life such that she is a vegetarian unable to hurt and kill animals even for food. Fire according to her is in her heart as her zest for life is written down for others to read and aid in the wiccan practice and religion. For her, the principles of Alexandrian Wicca or the Gardnarian wicca is important but does not have to be the ultimate guiding force into the practice if the religion allows freedom and liberty as its cardinal rule. Her parting joke to me was, â€Å"do not be afraid, the true wiccans are not into evil practice† made me see that a true religion does not impart teachings of subjugation and control to its members.

“Of Mice and Men”: Naturalism Essay

Naturalism is a very intense style of literature that an author can use. With naturalism, the author is trying to convey knowledge acquired through the senses and experiences they them selves have been through. In the novel of Mice and Men, by John Steinbeck, he portrays elements of naturalism through his very own sights and experiences. During the depression John Steinbeck got a first hand dose of what it meant to deal with sordid aspects of life. Just like his book, he portrays his accounts using highly realistic settings, and brutal characters with foul mouths that deal with depressing issues of life. In the real world things happen, but in the world of Mice and Men, nothing ever seems to happen the way the characters hope. Steinbeck wanted his characters to be brutal and fail to achieve their goals they worked so hard to get. He wanted the characters to have foul mouths and have bleak views of what life really is. As said from the genre paper of naturalism â€Å"Characters in naturalistic literature are trapped by their heredity and environment and end in failure.† Dealing with vast emotions and massive challenges, characters like George and Lennie in the novel, ended in failure because of their brutal surroundings. If Curly’s wife never intervened with Lennie after he killed the young pup, then she would not have ever died. Lennie was only driven by his basic urge to touch soft things. † Lennie’s big fingers fell to stroking her hair. â€Å"Don’t you mess it up,† she said.†Ã¢â‚¬ ( Steinbeck 91 ). Steinbeck really placed the characters with brutal settings among brutal characters. The setting of the book is highly realistic and greatly portrays what the time period truly represented. Steinbeck, once a migrant worker too, lived the experience of his literature. He knew exactly what the environment should be like too and what it shouldn’t. â€Å"Chapters one and six take place by the river, two and three in the bunkhouse, four and five in the barn.† All of these setting are settings you would not likely find through out our time period but in the life of a lonely migrant worker. It is quit creditable for Steinbeck to instinctively return to the earlier forms of literature of drama, epic and parable. His use of literary devices to describe his settings are remarkable. â€Å" A few miles south of Soledad the Salinas River drops in close to the hillside bank and runs deep and green.  The water is warm too, for it has slipped twinkling over the yellow sands in the sunlight before reaching the narrow pool.†(Steinbeck 1). Steinbeck is not making just plain ordinary descriptions of this scene-setting, but is revealing a sense of freedom and joy before tragedy and hate that’s burred farther along the book from the sordid aspects of life. Dealing with dirty aspects of life was all just another part of naturalism in Steinbeck’s scheme. He wanted the reader to greatly feel the depression and madness their society had to endure. He wanted the reader to end the book sick to the core from the gruesome dream that was crushed with just one accidental murder, and one gunshot to the head. â€Å"And George raised the gun and studied it, and he brought the muzzle of it close to the back of Lennie’s head. The hand shook violently, but his face set and his hand studied. He pulled the trigger.† (Steinbeck 106 ). This was already evident to some of the characters in the book. Crook’s for instance, foreshadowed what would happen later on to people with dreams. â€Å"†I never seen a guy really do it,† he said † I seen some guys nearly crazy with loneliness for land, but ever’ time a whore house or a blackjack game took what it takes.†Ã¢â‚¬ (76). This book really showed that fate is eminent and no matter how you try or what you do, something will always try to stand in your way. Naturalism is portrayed in the novel of Mice and Men through the author’s own sights and experiences. Just like his book, Steinbeck emulates his life experiences with highly realistic settings, and brutal characters with foul mouths that deal with depressing issues of life. Steinbeck truly pushed beyond the limits of standard writing, and showed us a side of good and evil like never before.

Article Review Bet365 Breaks New Ground - 2030 Words

Article 25 – Bet365 breaks new ground in Malta Bet365 have slowly become one of the biggest online casino providers in the world, through a smart promotional campaign selection and an ever-growing game selection. Furthering their cause is the latest news, which relates to the company arriving on Maltese shores in 2015. Amidst a scandal, the Maltese government has opted to allow Bet365 to expand on its current betting operations with a brand new license. License Terms The new agreement qualifies as a Class 2 Remote Gaming License and has now been issued to Bet365, which should allow them to bring their full range of betting titles to Malta. The company is already known around the world as a true emerging powerhouse, with the license issue considered the next logical step for the brand. Considering how well the brand is already known, the operating potential in Malta allows Bet365 to push on with additional expansion plans by lowering operating costs moving forward. Expansion Strategy As the move was announced a Bet365 spokesperson came out and spoke on the diversification opportunities that the licensing development presents, â€Å"Moving to Malta allows us to further on our Gibraltar licensing agreement. The move also allows us to maintain and possibly obtain increased regulatory approval going forward. It should also us to truly evolve on the global scale†. It is clear that Bet365 sees the Malta license as a key part of their expansion strategy in 2015 and beyond. A New