SlideShare a Scribd company logo
+Understanding the Functions of Marketing and PR
Use this work book to help you explain the functions of marketing and public relations. You
should ensure you use additional examples to support your explanations.

Marketing
Explain what market research is, how it can be carried out and why it could be important.
A market research is an organised effort to gather information about target markets, and
customers. Market research is an important component for a business strategy. To carry
out market research you need to work out what you need to do, and what you want to find
out. You may also need to decide how quickly you may need the information, for example,
you may need to release some work but you might not know everything about your target
audience, then in turn making your work ineffective.
You also need to set up your research with a clear brief. This brief will need to include,
objectives, deadlines, and any other important background information.
Parts of this information was taken from www.marketingdonut.co.uk
Explain market analysis. Why is it done and who could carry it out for you?
Marketing analysis is a more in depth look into the results gained from market research. It
is also a more in depth look into the market itself. It is done, because it helps to develop a
business strategy because you learn more about your target audience, and the market
you‟re going into. Market analysis is carried out to help make decisions on inventory,
purchase, work force, facility expansion, and purchase of capital equipment, promotional
activities, and many other aspects of the company. Market analysis can be carried out
within the company‟s research team or it can be outsourced by a specific marketing
research company, for example, the information form Tesco‟s ClubCard is analysed by a
company called „Dunnhumby‟.
Parts of this information was taken from
http://answers.yahoo.com/question/index?qid=20130208010520AAo2oWT
Explain marketing strategy using examples.
A marketing strategy is a process that allows a company to optimise its resources based
on the opportunities and goals. Goals can include increasing sales, and achieving a
sustainable competitive advantage. A marketing strategy includes all basic and long-term
activities in the field of marketing. The strategy contributes to the company‟s goals and
marketing objectives.
For example, Primark has a very clear marketing strategy. They enforce low prices to be
able to advertise and to appeal to the mass markets.
Why is advertising so important to an organisation? Use examples to help you explain.
Advertising is key in an organisation because it enables the business to affectively show
their product to someone without actually selling. Advertisement is there to introduce, raise
awareness, promote, orpersuade someone into buying the organisations product. It can
also be used to show comparisons between products.
Raising Awareness
Promotional advertising
Persuasive advertising
What is brand promotion and what methods could you use to promote a brand?
Brand promotion is a marketing strategy. It is used to increase product awareness:
Customer loyalty, competitiveness, sales and overall company value. It is a good way to
show how you are different from other products in the same market. It usually focuses on
things that are memorable or things that can stand the test of time in terms of being a
known brand. This being said, businesses often have to adjust to the current market.
There is many methods that you could use, one very popular idea that company‟s uses, is
having an animal, or a mascot, which is on their products. This helps people identify them
easier; for example, Foxes biscuits use a panda that talks in a New York accent called
Vinnie. There are five key methods to promote your brand awareness. These are, reinforce
existing products or services, highlight new products or services, promote a good
reputation for the business, and help retain or recapture current and past customers, and
also empower your employees to help spread your brand name.

PR
What are some of the key principals involved in managing the message?
Communicate early, communicate often
Communicate what you know when you know it
Don‟t be afraid to say “I don‟t know” as long as you follow that up with “...but I‟ll find out and
get back to you as soon as I do.”
Let everyone know what is happening, why, and what they can do to help
Reinforce what is staying the same as you discuss what may be changing
Create multiple, targeted approaches to reach your various audiences
Communicate openly, honestly, and frequently as things continue to change
Establish feedback mechanisms from those affected by the changes to those in leadership
to inform your ongoing decisions
Communicate the initial results and early progress of your change efforts to everyone
Acknowledge and thank everyone who helped contribute to your success
Continue to communicate well after the changes occur and as long as the transition
continues
Taken off Blackboard.
What is positive publicity? Find an example of it to help explain.
Positive publicity is getting the public to react in a positive way towards your products. For
example, Coca Cola brought out a campaign called „Share a Coke‟ in which they produced
Coke with every name they could possibly think of on it. This meant that people wanted to
buy a Coke with their name on it, and the public reacted positively to this by buying a lot of
Coke, which meant sales went up for a period of time.
In public relations terms, what is spin? Find an example to help you with your response.
It is a method of marketing that depends slightly on deceptive methods of persuasion. The
term spin is used in many other areas as well as public relations such as politics or
business. The term spin is often characterised by exaggeration, euphemisms,
inaccuracies, half-truths and excessively emotional appeals. Someone who devises a spin
is often known as a spin-doctor.

Why might a person or a company engage in damage limitation? Using an example will
improve your grade.
The idea of this is to minimise risk and damage. The reason a person or company would
need damage limitation is to a avoid any unnecessary mistakes or mishaps, for example,
the company „Rockstar‟ who created the Grand Theft Auto games messed up on not
making enough servers for online gaming, so for a lot of people, it was crashing. In return
for their mistake, they gave every online gaming customer a free in-game $500,000.

What benefit could there be to an organisation to create an event? Use an example of a
marketing or PR event to support your responses.
There are many benefits from organising an event. It helps advertise your organisation,
and can be good to create merchandise. It is also good for gaining sponsors to get your
products seen. If someone sees your product either on or around a famous person who
has fans, there is a high chance that those fans will follow because they think it is cool.
A good example of this would be Red Bull. They host many sporting events around the
world. One example is the X Games.
What is lobbying and who is most likely to be influenced by it?
Lobbying is something that is done by many different people and organised groups.
Lobbying is where a group of people attempt to influence regional governments or other
public bodies with the matter of how well they are doing their job. Lobbying can also be to
do with advising those who wish to influence.

More Related Content

What's hot

4 P's of Marketing: Confessions of a Guerrilla Marketer
4 P's of Marketing: Confessions of a Guerrilla Marketer4 P's of Marketing: Confessions of a Guerrilla Marketer
4 P's of Marketing: Confessions of a Guerrilla Marketer
Rogers State University Innovation Center
 
Slideshare on push pull marketing 2 15-2013
Slideshare on push pull marketing 2 15-2013Slideshare on push pull marketing 2 15-2013
Slideshare on push pull marketing 2 15-2013Christopher Ryan
 
Marketing Strategy Workshops - Mythology
Marketing Strategy Workshops - Mythology Marketing Strategy Workshops - Mythology
Marketing Strategy Workshops - Mythology
Mythology LLC
 
Euro-FEM Module 4: Marketing and Branding Techniques
Euro-FEM Module 4: Marketing and Branding TechniquesEuro-FEM Module 4: Marketing and Branding Techniques
Euro-FEM Module 4: Marketing and Branding Techniques
AthanasiaIoannidou
 
Forecast and plan your sales
Forecast and plan your salesForecast and plan your sales
Forecast and plan your sales
Hpm India
 
Basic Marketing for Admins
Basic Marketing for Admins Basic Marketing for Admins
Basic Marketing for Admins
Kacey Martin
 
Complete Book of Business Theories
Complete Book of Business TheoriesComplete Book of Business Theories
Complete Book of Business Theories
Tony Aiello
 
Londre marketingconsulting nineps
Londre marketingconsulting ninepsLondre marketingconsulting nineps
Londre marketingconsulting nineps
MiracleMaeCaparas
 
Basic Marketing
Basic MarketingBasic Marketing
Basic Marketing
Kacey Martin
 
Task 3!
Task 3!Task 3!
Task 3!
AlanSmith96
 
Developing a Marketing Communications plan
Developing a Marketing Communications planDeveloping a Marketing Communications plan
Developing a Marketing Communications plan
Andy Forbes
 
Content Marketing - What Big Business Discovered and How to Use It
Content Marketing - What Big Business Discovered and How to Use ItContent Marketing - What Big Business Discovered and How to Use It
Content Marketing - What Big Business Discovered and How to Use It
Steve Faber
 
The Ultimate Guide to Creating Inbound Marketing Buyer Personas
The Ultimate Guide to Creating Inbound Marketing Buyer PersonasThe Ultimate Guide to Creating Inbound Marketing Buyer Personas
The Ultimate Guide to Creating Inbound Marketing Buyer Personas
SmartBug Media
 
Product2Market's B2B Marketing Guide
Product2Market's B2B Marketing GuideProduct2Market's B2B Marketing Guide
Product2Market's B2B Marketing Guide
Anthony E. Byrne
 
Discovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
Discovering and Navigating Niche Markets, Resources for the Nonprofit MarketerDiscovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
Discovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
Missy (Grubbs, Blankenship) Schmidt
 
Create a Business Marketing Plan
Create a Business Marketing PlanCreate a Business Marketing Plan
Create a Business Marketing Plan
Dave Chaffey
 
MarketPower PowerBranding (LinkedIn)
MarketPower PowerBranding (LinkedIn)MarketPower PowerBranding (LinkedIn)
MarketPower PowerBranding (LinkedIn)
JOEL ALPERT
 

What's hot (19)

4 P's of Marketing: Confessions of a Guerrilla Marketer
4 P's of Marketing: Confessions of a Guerrilla Marketer4 P's of Marketing: Confessions of a Guerrilla Marketer
4 P's of Marketing: Confessions of a Guerrilla Marketer
 
Slideshare on push pull marketing 2 15-2013
Slideshare on push pull marketing 2 15-2013Slideshare on push pull marketing 2 15-2013
Slideshare on push pull marketing 2 15-2013
 
Marketing Strategy Workshops - Mythology
Marketing Strategy Workshops - Mythology Marketing Strategy Workshops - Mythology
Marketing Strategy Workshops - Mythology
 
Euro-FEM Module 4: Marketing and Branding Techniques
Euro-FEM Module 4: Marketing and Branding TechniquesEuro-FEM Module 4: Marketing and Branding Techniques
Euro-FEM Module 4: Marketing and Branding Techniques
 
Forecast and plan your sales
Forecast and plan your salesForecast and plan your sales
Forecast and plan your sales
 
Basic Marketing for Admins
Basic Marketing for Admins Basic Marketing for Admins
Basic Marketing for Admins
 
How to create an effective marketing plan
How to create an effective marketing planHow to create an effective marketing plan
How to create an effective marketing plan
 
Complete Book of Business Theories
Complete Book of Business TheoriesComplete Book of Business Theories
Complete Book of Business Theories
 
Londre marketingconsulting nineps
Londre marketingconsulting ninepsLondre marketingconsulting nineps
Londre marketingconsulting nineps
 
Basic Marketing
Basic MarketingBasic Marketing
Basic Marketing
 
Task 3!
Task 3!Task 3!
Task 3!
 
Developing a Marketing Communications plan
Developing a Marketing Communications planDeveloping a Marketing Communications plan
Developing a Marketing Communications plan
 
Content Marketing - What Big Business Discovered and How to Use It
Content Marketing - What Big Business Discovered and How to Use ItContent Marketing - What Big Business Discovered and How to Use It
Content Marketing - What Big Business Discovered and How to Use It
 
The Ultimate Guide to Creating Inbound Marketing Buyer Personas
The Ultimate Guide to Creating Inbound Marketing Buyer PersonasThe Ultimate Guide to Creating Inbound Marketing Buyer Personas
The Ultimate Guide to Creating Inbound Marketing Buyer Personas
 
Product2Market's B2B Marketing Guide
Product2Market's B2B Marketing GuideProduct2Market's B2B Marketing Guide
Product2Market's B2B Marketing Guide
 
Ebook on Marketing
Ebook on MarketingEbook on Marketing
Ebook on Marketing
 
Discovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
Discovering and Navigating Niche Markets, Resources for the Nonprofit MarketerDiscovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
Discovering and Navigating Niche Markets, Resources for the Nonprofit Marketer
 
Create a Business Marketing Plan
Create a Business Marketing PlanCreate a Business Marketing Plan
Create a Business Marketing Plan
 
MarketPower PowerBranding (LinkedIn)
MarketPower PowerBranding (LinkedIn)MarketPower PowerBranding (LinkedIn)
MarketPower PowerBranding (LinkedIn)
 

Similar to Lo1 workbook

Lo1 workbook 1
Lo1 workbook 1Lo1 workbook 1
Lo1 workbook 1rachel1305
 
Lo1 worbook
Lo1 worbookLo1 worbook
Lo1 worbook
Jonah Adshead
 
Lo2 workbook
Lo2 workbookLo2 workbook
Lo2 workbook
Jonah Adshead
 
Task 1
Task 1Task 1
Task 1
Task 1Task 1
Lo1 workbook marketing & pr
Lo1 workbook marketing & prLo1 workbook marketing & pr
Lo1 workbook marketing & pr
abbydowning97
 
Lo1 workbook
Lo1 workbookLo1 workbook
Lo1 workbookMarieSie
 
Product marketing strategy
Product marketing strategyProduct marketing strategy
Product marketing strategy
kasimrasool
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
shaniajane
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
shaniajane
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
shaniajane
 
LO1 Workbook
LO1 Workbook LO1 Workbook
LO1 Workbook
TheJellehKed
 
Impact of promotional strategy in the hotel industry
Impact of promotional strategy in the hotel industryImpact of promotional strategy in the hotel industry
Impact of promotional strategy in the hotel industry
ResearchWap
 

Similar to Lo1 workbook (20)

Lo1 workbook 1
Lo1 workbook 1Lo1 workbook 1
Lo1 workbook 1
 
Lo1 worbook
Lo1 worbookLo1 worbook
Lo1 worbook
 
Lo2 workbook
Lo2 workbookLo2 workbook
Lo2 workbook
 
Task 1
Task 1Task 1
Task 1
 
Task 1
Task 1Task 1
Task 1
 
Task 1
Task 1Task 1
Task 1
 
LO1
LO1LO1
LO1
 
Lo1 workbook marketing & pr
Lo1 workbook marketing & prLo1 workbook marketing & pr
Lo1 workbook marketing & pr
 
Lo1 workbook
Lo1 workbookLo1 workbook
Lo1 workbook
 
Lo1 workbook
Lo1 workbookLo1 workbook
Lo1 workbook
 
Product marketing strategy
Product marketing strategyProduct marketing strategy
Product marketing strategy
 
Lo2 workbook2
Lo2 workbook2Lo2 workbook2
Lo2 workbook2
 
Lo2 workbook
Lo2 workbookLo2 workbook
Lo2 workbook
 
Decland 6
Decland 6Decland 6
Decland 6
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
 
Lo1 workbook(2)
Lo1 workbook(2)Lo1 workbook(2)
Lo1 workbook(2)
 
LO1 Workbook
LO1 Workbook LO1 Workbook
LO1 Workbook
 
Assignment 4
Assignment 4Assignment 4
Assignment 4
 
Impact of promotional strategy in the hotel industry
Impact of promotional strategy in the hotel industryImpact of promotional strategy in the hotel industry
Impact of promotional strategy in the hotel industry
 

More from HenrywPaul

Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boardsHenrywPaul
 
Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boardsHenrywPaul
 
Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boardsHenrywPaul
 
Lo4 pro forma completed
Lo4 pro forma completedLo4 pro forma completed
Lo4 pro forma completedHenrywPaul
 
Evaluation irn
Evaluation irnEvaluation irn
Evaluation irnHenrywPaul
 

More from HenrywPaul (6)

Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boards
 
Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boards
 
Irn bru mood boards
Irn bru mood boardsIrn bru mood boards
Irn bru mood boards
 
Swot
SwotSwot
Swot
 
Lo4 pro forma completed
Lo4 pro forma completedLo4 pro forma completed
Lo4 pro forma completed
 
Evaluation irn
Evaluation irnEvaluation irn
Evaluation irn
 

Recently uploaded

LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
Ben Wann
 

Recently uploaded (20)

LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 

Lo1 workbook

  • 1. +Understanding the Functions of Marketing and PR Use this work book to help you explain the functions of marketing and public relations. You should ensure you use additional examples to support your explanations. Marketing Explain what market research is, how it can be carried out and why it could be important. A market research is an organised effort to gather information about target markets, and customers. Market research is an important component for a business strategy. To carry out market research you need to work out what you need to do, and what you want to find out. You may also need to decide how quickly you may need the information, for example, you may need to release some work but you might not know everything about your target audience, then in turn making your work ineffective. You also need to set up your research with a clear brief. This brief will need to include, objectives, deadlines, and any other important background information. Parts of this information was taken from www.marketingdonut.co.uk Explain market analysis. Why is it done and who could carry it out for you? Marketing analysis is a more in depth look into the results gained from market research. It is also a more in depth look into the market itself. It is done, because it helps to develop a business strategy because you learn more about your target audience, and the market you‟re going into. Market analysis is carried out to help make decisions on inventory, purchase, work force, facility expansion, and purchase of capital equipment, promotional activities, and many other aspects of the company. Market analysis can be carried out within the company‟s research team or it can be outsourced by a specific marketing research company, for example, the information form Tesco‟s ClubCard is analysed by a company called „Dunnhumby‟. Parts of this information was taken from http://answers.yahoo.com/question/index?qid=20130208010520AAo2oWT Explain marketing strategy using examples. A marketing strategy is a process that allows a company to optimise its resources based on the opportunities and goals. Goals can include increasing sales, and achieving a sustainable competitive advantage. A marketing strategy includes all basic and long-term activities in the field of marketing. The strategy contributes to the company‟s goals and marketing objectives. For example, Primark has a very clear marketing strategy. They enforce low prices to be able to advertise and to appeal to the mass markets. Why is advertising so important to an organisation? Use examples to help you explain. Advertising is key in an organisation because it enables the business to affectively show their product to someone without actually selling. Advertisement is there to introduce, raise awareness, promote, orpersuade someone into buying the organisations product. It can also be used to show comparisons between products.
  • 5.
  • 6. What is brand promotion and what methods could you use to promote a brand? Brand promotion is a marketing strategy. It is used to increase product awareness: Customer loyalty, competitiveness, sales and overall company value. It is a good way to show how you are different from other products in the same market. It usually focuses on things that are memorable or things that can stand the test of time in terms of being a known brand. This being said, businesses often have to adjust to the current market. There is many methods that you could use, one very popular idea that company‟s uses, is having an animal, or a mascot, which is on their products. This helps people identify them easier; for example, Foxes biscuits use a panda that talks in a New York accent called Vinnie. There are five key methods to promote your brand awareness. These are, reinforce existing products or services, highlight new products or services, promote a good reputation for the business, and help retain or recapture current and past customers, and also empower your employees to help spread your brand name. PR What are some of the key principals involved in managing the message? Communicate early, communicate often Communicate what you know when you know it Don‟t be afraid to say “I don‟t know” as long as you follow that up with “...but I‟ll find out and get back to you as soon as I do.” Let everyone know what is happening, why, and what they can do to help Reinforce what is staying the same as you discuss what may be changing Create multiple, targeted approaches to reach your various audiences Communicate openly, honestly, and frequently as things continue to change Establish feedback mechanisms from those affected by the changes to those in leadership to inform your ongoing decisions Communicate the initial results and early progress of your change efforts to everyone Acknowledge and thank everyone who helped contribute to your success Continue to communicate well after the changes occur and as long as the transition continues Taken off Blackboard. What is positive publicity? Find an example of it to help explain. Positive publicity is getting the public to react in a positive way towards your products. For example, Coca Cola brought out a campaign called „Share a Coke‟ in which they produced Coke with every name they could possibly think of on it. This meant that people wanted to buy a Coke with their name on it, and the public reacted positively to this by buying a lot of Coke, which meant sales went up for a period of time.
  • 7. In public relations terms, what is spin? Find an example to help you with your response. It is a method of marketing that depends slightly on deceptive methods of persuasion. The term spin is used in many other areas as well as public relations such as politics or business. The term spin is often characterised by exaggeration, euphemisms, inaccuracies, half-truths and excessively emotional appeals. Someone who devises a spin is often known as a spin-doctor. Why might a person or a company engage in damage limitation? Using an example will improve your grade. The idea of this is to minimise risk and damage. The reason a person or company would need damage limitation is to a avoid any unnecessary mistakes or mishaps, for example, the company „Rockstar‟ who created the Grand Theft Auto games messed up on not making enough servers for online gaming, so for a lot of people, it was crashing. In return for their mistake, they gave every online gaming customer a free in-game $500,000. What benefit could there be to an organisation to create an event? Use an example of a marketing or PR event to support your responses. There are many benefits from organising an event. It helps advertise your organisation, and can be good to create merchandise. It is also good for gaining sponsors to get your products seen. If someone sees your product either on or around a famous person who has fans, there is a high chance that those fans will follow because they think it is cool. A good example of this would be Red Bull. They host many sporting events around the world. One example is the X Games. What is lobbying and who is most likely to be influenced by it? Lobbying is something that is done by many different people and organised groups. Lobbying is where a group of people attempt to influence regional governments or other public bodies with the matter of how well they are doing their job. Lobbying can also be to do with advising those who wish to influence.