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Marketing management embodies the functions and activities involved in the dissemination of services and goods. It is the planning, analysis and implementation of programs formulated to evoke positive responses among the target audience of marketing.
To sum up the concept, we can say that marketing management is the process of evaluating marketing programs for achieving organizational goals. It includes, marketing planning implementing and controlling of marketing campaigns and programs.
Marketing management has gained immense popularity over the years with the increasing competition among the business organizations. It is the most important function of marketing and is crucial for the success of any commercial enterprise. Marketing management is important for the following business activities:
Every business enterprise recognizes the importance of marketing management, and tries to incorporate its principle in all its business activities. The students can avail intenational marketing management assignment writing services every time they face any difficulty while undertaking any management related task.
The field of marketing management is highly rewarding for the students for it offers well paid jobs and work satisfaction at the same time. There are a number of career options and designations which the students can opt for. Some of the major ones include:
The marketing managers take up the position of leaders in a business organization. They formulate and implement the entire marketing activities with the aim of achieving popularity among a certain segment of the mass (target audience). They are also involved in the development and pricing of new services and products according to the demand of the customers.
The sales managers are given the responsibility of directing and implementing of promotional campaigns for the company’s products and services. These campaigns involve the use of different advertising media along with coupons, deals and other offerings. The sales managers strive to increase both the profit on sales and the market share. They do this by coordinating with advertising and marketing elements of the business management in organization.
The analysts gather and analyze the information regarding the different buying patterns of the consumers and their preferences so that the goods and services are effectively marketed to the target audience. They collect information about the competitors as well as conduct various surveys on the products.
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Case Analysis Of Avellin Corporation
Need to discuss how the business’ practices and strategies are in line (or conversely) contrary to marketing theories/concepts, in the forms of a gaps model—simply put:
What it is versus what it should be, based on relevant theories. To make good use of theories.
How and why has the business gone wrong? How and why has the business benefited from their strategies and practices (in line with marketing concepts/theories)?
Remedies
Building on your prior discussion on the (mis)match between marketing theories and a firm’s strategies/practices (i.e., the case analysis), you should offer them “appropriate” solutions. These remedies have to be meaningful and not generic and broad. For example, if one says “they have to improve their product, distribution and communication,” the grade would be a fail. Instead, one can, for instance, say “to reach segment A, they should … and to reach segment B they have to .
Introduction
Marketing entails some strategies and also practices which have to be paid attention to so that the business yield huge profits (Peter, Olson and Grunert,2014, pg.330). Moreover, within the field of marketing, there are a number of concepts and theoretical perspectives which are key to the success of any kind of business. For the case analysis of Eco7, it displays many strategies and theories which were put into practice to enable it succeed in the business of oil production (Reich, Gordon and Edwards,2013, pg.362).
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