Q3
Role and responsibilities of marketing
The role and responsibilities of marketing department is to understand and communicate with the customers in order to meet their needs in the products. The best and attractive products that suit to the customers and market will be highly purchase because it will sell itself without strong marketing. According to Peter Drucker, “The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itself.” To understand customers well, market research shall be done through company internal channels and channel outside the company. Company internal channels is the communication between the organizational members in the department that have closer relationship
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This is because some of them may forget the pinyin of the words so that they can easily write down the words by using S pen. However, smartphone together with S pen only appear in Samsung Galaxy Note model. Samsung also offer different price in different model of smartphone. Hence, Samsung target customers through their income level so that low income customers can also afford to buy a smartphone with best suit functions for themselves. Besides, the latest smartphone produced by Samsung is Samsung Galaxy S8 and S8plus. It have the best camera because it have 12MP sensor with Dual Pixel autofocus which enables faster snapping. ( Matt Swider, 2017 ) Therefore, mobile user who likes to take photo are suitable to buy this model.
Other than that, it is marketing responsibilities to prepare marketing strategy plans and manage overall the product line life cycle in order to achieve or to exceed the company’s goal by having an objective. Product line life cycle is the cycle that define the process of a product in the entire life cycle through introduction to withdrawal or eventual demise. There are four stages for product line life cycle which are introduction, growth, maturity and decline. Introduction stage is when the product first brought
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A functional department is very important to an active company because it oversee and implement the major functional areas in the company. In Samsung Smartphone Malaysia, every functional department work cooperatively and shows support to each other to maximize the working efficiency of every department. These supportive interrelationships between the functional departments in Samsung Smartphone Malaysia will offer benefits to the company. According to the examples listed above, the benefits of Marketing Department interrelated with the Human Resources Department, Sales Department and Customer Service Department. As it shown, when The Marketing Department interrelate with the Customer Service Department, it could collect more effective information and individual personalization of the customer. With these services provided by Samsung Smartphone Malaysia it can ensure the customer will be more reliance and trustworthy on Samsung
Evaluate two to four (2-4) weaknesses that are evident in the selected organization’s product life cycle. Generate a new product design and product selection, and then determine three (3) strategies that the organization needs to strengthen the operation. Product Life Cycle (PLC) is known as the stages in its lifetime that a product goes through, where the demand changes over time. [Rei132.
Marketing strategy Customers Youth, families, tourists, older customers and the middle working class Product life cycle. According to Kotler, P. & Gary, A. (2011), the product life cycle has five stages namely product development, introduction, growth, maturity and decline stage. The stages are determined by the market share of the product.
2. Analysis of the Marketing Environment Social Forces I. Demographics Samsung phone target audience are age, income and occupation. It is because for age, there might some phone design and functions that does not suit them especially for elderly & children use. However, technology is now advanced, even elderly age more than 50 years old uses smartphone for their own benefits such as health apps and etc. For income, not all people have the ability to purchase better functions and design yet expensive smartphone.
In the third stage, the relationship moves from being in a formal to a more of a personal relationship. At this point in time, the couple begins to disclose personal information about themselves. They reveal more aspects of their lives. The fourth stage is called the integration stage. At this point, the couple has put a label on their relationship, and have defined the place they find themselves in.
These five stages includes: 1- Oral stage - From Birth to 1 year 2- Anal stage - 1 year to 3 year 3- Phallic stage - 3 year to 6 year 4- Latency stage - 6 year to 12 year
It not only caters products like clothing for both genders, but also shoes, teenagers clothing, accessories and beauty products. Clothing is the key product sold as compared to the rests of the items. In ensuring that business goes well for the company, the management engaged promotions through media advertisements and hand phone apps to let customers view their products easier online and hired people for the various positions in the organisation company example managers, store assistants and supervisors. Though each of them plays a different role, they are an important part to the
Introduction Every business organization is using a marketing concept which is used as a tool to identify customer’s needs. And further try to meet them by making right decisions in line with customer’s needs. In line with meeting customer’s needs the ultimate goal of every business is to gain profit. That’s why they make use of different marketing strategies to meet not only the need of the customer but as well as the goal of the company. We know for a fact that marketing strategies comprises everything from developing a product, to introducing it to the market, to selling and improving it as the need of the target market changes.
Once the product is outdated or same product is released in the market, price immediately drops. Additionally, Samsung also uses competitive pricing for the product other than smartphone, for e.g. T.V., refrigerator and other home appliances. CUSTOMER
3.1 Explain how products are developed to sustain competitive advantage There are three levels of coca cola’s products. They are core product, actual product and augmented product. Core product Coca cola’s products are high quality standards for the customer.
Process Strategies The process strategies, for such a large manufacturing company, would need to be varied. The production process type would be determined by the product life cycle stage at that time (Thayer 2004).Product life cycles for items such as smartphones and tablets do not generally follow the standard life cycle stages. The maturity stage can be interrupted by discontinuation or irrelevance of a technology, which recommences the cycle (Giachetti & Marchi 2010). Incidentally, during the product life cycle of these items, a cyclic improvement of both process and product is required to stay in contact with market changes.
Consumer behavior towards Nike products Marketing is collaborating the value of a product, service or brand to customers, as a driving force to promote or sell that product, service or brand. Marketing procedures and skills embrace selecting target markets by carrying out a market analysis and market segmentation, as well as taking into account the consumer behavior and advertising a products value to customers. Marketing is the utmost vital aspect of developing and enlarging your business, and is a speculation that will recompense for itself over and over again. The term “marketing mix,” was first devised by Neil Borden, the president of the AMA (American Marketing Association) in 1953.
• Change: Samsung always comes up with new products and innovative services in order to fulfill their customers’ needs and demands. • Integrity: Samsung makes sure that ethics are followed at each and every level and thus stay faithful and give respect to its stakeholders (Globart, 2012). • Co-prosperity: For a business to prosper, it is very much needed that auxiliaries, employers and others too, must be given opportunities to flourish. Samsung strongly believes in it and move ahead by taking everyone together. They are fulfilling their responsibilities towards society and environment as well by being a responsible corporate citizen (Annual Report, 2013).
1. Market Penetration requires increasing the existing product sales in the existing market. The main strategic objective is to obtain more market shares or get the position of market leader. As an example: Aldi followed the market penetration strategy by opening thousands of stores across UK offering the same products. 2.
Sensitive market to these kinds of products are commercial line and offices those has to get technological interface to attain day to day tasks. Samsung has contributed in so many innovative products to make users life easy such as tablets, mini laptops, and televisions to provide with the wide range of technology for personal use. Samsung is known for its colors and picture quality in the
Provide good customer service where customers are contacted, when a boat is purchase and a customer care call even having a boat over a period of time. 3. The constant innovation and patenting so customers can get better product each year, because in the marketing industries parts can be copied