Lobbying is a positive driver of firm performance and is likely to continue to be used by companies, however, our findings also reveal that there are costs to firm lobbying that arise when accounting for customer effects.
These slides walk students through the importance of examining mergers and acquisitions, a very popular corporate strategy to grow and gain synergies, from a marketing-angle.
This study estimates the temporary and permanent stock price impact of tweets posted by firms during the day, and shows how various tweet attributes (i.e. valence and subject matter) contribute to these effects. It reveals that tweets reflecting either valence (positive or negative) or subject matter (consumer or competitor orientation) generate temporary price impact; tweets that incorporate both valence and subject matter are associated with permanent price impacts. Informed by the findings of this study, marketing managers can tailor tweets to elicit the desired level of permanent or temporary impacts on a firm’s stock price
A critical yet largely unaddressed research question motivates our study: Can marketers help improve the world? We propose marketers can help entrepreneurs in emerging markets grow their businesses. And flourishing entrepreneurs in these markets can improve lives, sustain livelihoods, enhance overall living standards, and strengthen societies.
To test marketers’ unique effect on emerging market entrepreneurs, we conduct a randomized controlled field experiment with 930 Ugandan businesses. The experiment allows us to examine the impact of a business support intervention in which international professionals from varying functional backgrounds (e.g., marketing, consulting) volunteered time to help small-scale entrepreneurs. Our results show volunteer marketers are effective in helping entrepreneurs grow sales, profits, assets, and employees. The volunteers specifically help emerging market entrepreneurs differentiate their businesses and offer premium products, an outcome difficult for many firms to achieve.
Causally identifying the impact of a “marketer” on firm growth adds to the burgeoning work on marketing’s overall influence in firms. While it may seem obvious that marketing professionals focus on differentiation and premium products, the approach may be counterintuitive in emerging markets, where disposable income is low. Moreover, through additional insights on the role of market knowledge and resource availability, our study adds to the sparse marketing-entrepreneurship literature, particularly as it pertains to firm growth in an emerging market.
The paper speaks to several non-academic audiences. Given the positive and direct impact marketers can have on growth outcomes, we hope the study will motivate marketing practitioners to work with entrepreneurs and early-stage ventures in emerging markets. Governmental and non-governmental organizations actively serving emerging markets should also benefit from our findings when designing and implementing future business support services. Entrepreneurs should also take note of our findings and solicit marketers’ help by hiring them or contracting for their services.
This study finds that on average, corporate social responsibility (CSR) initiatives that seek to reduce a brand’s harm to society and the environment (“corrective” and “compensating”) provide a boost to the sales of participating brands, while CSR actions focused on philanthropy (“cultivating goodwill”) lead to a slight drop in sales. Thus, brands should strive to “clean up their own mess” before engaging in philanthropy, which consumers may view as insincere and aimed simply at garnering consumer goodwill. In sum, managers should reconsider engaging in CSR actions that cannot be clearly linked to reducing the brand’s harm on society or the environment.
The value of creativity is subject to longstanding debate and recent reports highlight how marketers are increasingly growing skeptical of advertising creativity and decreasing their investments in it. This paper outlines why doing so is a mistake and how marketers can get the most out of their investments in advertising creativity.
Powerful marketing departments can influence a firm’s financial management decisions. When there is a Marketing CEO and the firm has power over its customers, increasing marketing department power decreases the likelihood of myopic marketing spending and myopic revenue management; increasing marketing department power and analyst coverage decreases the likelihood of myopic marketing spending.
When a firm is in bankruptcy, the cumulative effects of its past advertising and R&D can be a double-edged sword. Advertising and R&D increase bankruptcy survival when the firm's suppliers have a high level of influence, relative to other creditors, on the bankruptcy court’s decision. In contrast, when suppliers have a low level of influence, advertising and R&D decrease bankruptcy survival.
These slides walk students through the importance of examining mergers and acquisitions, a very popular corporate strategy to grow and gain synergies, from a marketing-angle.
This study estimates the temporary and permanent stock price impact of tweets posted by firms during the day, and shows how various tweet attributes (i.e. valence and subject matter) contribute to these effects. It reveals that tweets reflecting either valence (positive or negative) or subject matter (consumer or competitor orientation) generate temporary price impact; tweets that incorporate both valence and subject matter are associated with permanent price impacts. Informed by the findings of this study, marketing managers can tailor tweets to elicit the desired level of permanent or temporary impacts on a firm’s stock price
A critical yet largely unaddressed research question motivates our study: Can marketers help improve the world? We propose marketers can help entrepreneurs in emerging markets grow their businesses. And flourishing entrepreneurs in these markets can improve lives, sustain livelihoods, enhance overall living standards, and strengthen societies.
To test marketers’ unique effect on emerging market entrepreneurs, we conduct a randomized controlled field experiment with 930 Ugandan businesses. The experiment allows us to examine the impact of a business support intervention in which international professionals from varying functional backgrounds (e.g., marketing, consulting) volunteered time to help small-scale entrepreneurs. Our results show volunteer marketers are effective in helping entrepreneurs grow sales, profits, assets, and employees. The volunteers specifically help emerging market entrepreneurs differentiate their businesses and offer premium products, an outcome difficult for many firms to achieve.
Causally identifying the impact of a “marketer” on firm growth adds to the burgeoning work on marketing’s overall influence in firms. While it may seem obvious that marketing professionals focus on differentiation and premium products, the approach may be counterintuitive in emerging markets, where disposable income is low. Moreover, through additional insights on the role of market knowledge and resource availability, our study adds to the sparse marketing-entrepreneurship literature, particularly as it pertains to firm growth in an emerging market.
The paper speaks to several non-academic audiences. Given the positive and direct impact marketers can have on growth outcomes, we hope the study will motivate marketing practitioners to work with entrepreneurs and early-stage ventures in emerging markets. Governmental and non-governmental organizations actively serving emerging markets should also benefit from our findings when designing and implementing future business support services. Entrepreneurs should also take note of our findings and solicit marketers’ help by hiring them or contracting for their services.
This study finds that on average, corporate social responsibility (CSR) initiatives that seek to reduce a brand’s harm to society and the environment (“corrective” and “compensating”) provide a boost to the sales of participating brands, while CSR actions focused on philanthropy (“cultivating goodwill”) lead to a slight drop in sales. Thus, brands should strive to “clean up their own mess” before engaging in philanthropy, which consumers may view as insincere and aimed simply at garnering consumer goodwill. In sum, managers should reconsider engaging in CSR actions that cannot be clearly linked to reducing the brand’s harm on society or the environment.
The value of creativity is subject to longstanding debate and recent reports highlight how marketers are increasingly growing skeptical of advertising creativity and decreasing their investments in it. This paper outlines why doing so is a mistake and how marketers can get the most out of their investments in advertising creativity.
Powerful marketing departments can influence a firm’s financial management decisions. When there is a Marketing CEO and the firm has power over its customers, increasing marketing department power decreases the likelihood of myopic marketing spending and myopic revenue management; increasing marketing department power and analyst coverage decreases the likelihood of myopic marketing spending.
When a firm is in bankruptcy, the cumulative effects of its past advertising and R&D can be a double-edged sword. Advertising and R&D increase bankruptcy survival when the firm's suppliers have a high level of influence, relative to other creditors, on the bankruptcy court’s decision. In contrast, when suppliers have a low level of influence, advertising and R&D decrease bankruptcy survival.
Industry practice has demonstrated that big data opportunities are enormous, but there is a need to (a) reconcile academic ‘big stats on small data’ with practitioner ‘small stats on big data’ and (b) combine deep learning methods with statistical modeling and theory-based models to establish causal effects. Privacy and security concerns will limit collection/retention of data. So there is a need to focus on the development of analytics for anonymized and minimized data and proactive development of methods for protection of customer privacy.
Group marketing is the use of the psychological mechanisms underlying group influence to guide customer behaviors that are beneficial to the firm. It can be implemented along a continuum in which firms can become group providers or they can leverage existing consumer groups or somewhere in between. For example, Nike, as a group provider, has shifted one-third of its multibillion dollar marketing budget to support group based initiatives such at the Nike + system. Toms, falling more on the leveraging side, provides resources to more than 1,000 consumer-initiated groups that contribute to the tom’s mission. This lesson examines what makes these group-based initiatives effective.
The lesson discusses the two necessary conditions for a firm to use groups to influence customers’ behaviors and outlines various ways firms can meet these requirements. Firm must first make customers aware of their association to a focal group and then must expose them to the desired group norm. Firms can guide group associations by priming customers with a new group membership, making customers’ existing membership within a group salient, or identifying and leveraging customers’ self-selected groups. They can expose customers to group norms by enabling direct group member-to-customer communication, facilitating customer observation of group member behaviors, or dictating aggregate group norms in marketing communication.
This lesson also reviews the psychological processes underlying the effectiveness of group marketing and how they change over time. Group norms influence behavior by altering customers’ information and identity appraisals. Group norms are more influential on informational appraisal when a customer is new to a domain (e.g. new moms), but the informational effect of group norms weakens as the customer’s own private knowledge about the domain deepens. Group norms can have strong effects on identity appraisals when a customer enters a new domain and provide a means to “blend in,” but this quickly weakens as the customer attempts to preserve their own personal identity. As the customer becomes more committed to the domain, the group they belong to within that domain can become a key contributor to their self-concept and norms governing that group become an important guild for enacting the self. Thus, group norms have a strong effect on identity appraisals when a customer is more familiar with a domain.
These slides suggest that product, industry, and platform characteristics affect eWOM Elasticity and offers recommended strategies for how products.
Managers are likely to have greater success raising prices by 1) targeting consumer segments high (vs. low) in PDB, 2) activating a high PDB via ads, slogans, or POP material, 3) heightening the need for closure using contextual cues, or 4) increasing social density in stores.
It Takes a Village: A New Measurement Model for Companies Creating Shared ValueSustainable Brands
Shared value changes measurement. There is more to measure beyond activities and outputs in order to learn and improve. Shared value measurement requires companies to go deeper to the systems level, and consider the needs of more stakeholders, including new types of partners. During this session, a senior expert from the Shared Value Initiative will debut new insights from a field guide on measuring shared value based on a consultative effort that involved leading multinational health-related companies focused on addressing the unmet health needs of low-resourced populations profitably. A panel of corporate partners will then discuss the application of these findings to the measurement of their shared value initiatives to pave the way for audience learning and application of this approach. Still emerging, measuring shared value is evolving and attendees of this session are encouraged to help shape its future.
The Missing Element in Marketing MeasurementMichael Wolfe
While marketing-mix modeling has long been a gold-standard of marketing ROI measurement, it is lacking one very important driver of the business: the voice-of-the-customer. This presentation illustrates how leveraging a metric from social media-brand-experiential comments represents a large and very important driver of brand performance.
This research shows that price promotions can increase consumers’ perceived resources, which in turn increase consumers’ donation behavior. This research also examines several managerially relevant factors that can affect the magnitude of this positive effect of price promotions on consumers’ donation behavior. Explaining the success of the recent Giving Tuesday movement, this research shows that charitable organizations can benefit the most when they solicit donations immediately after the price promotions. The collaboration between firms and charitable organizations can create a win-win situation that benefit both stakeholders and contribute to a better world.
Gift giving is an effective means to strengthen interpersonal relationships; it also may initiate and enhance customer–brand relationships. Based on a field study conducted with an international mono-brand retailer of beauty products, a combination of propensity score matching with difference-in-differences estimations, and two experimental scenario studies, this research demonstrates that gift buyers spend 63% more in the year following a gift purchase than a matched sample of customers who purchase for their personal use. Specifically, gift buyers increase their purchase frequency (25%), spend more per shopping trip (41%), and engage in more cross-buying (49%). The sales lift is particularly pronounced among new customers. Identity theory suggests customer gratitude and public commitment as mediating mechanisms. Gift purchase design characteristics (i.e., assistance during gift purchase and branded gift wrapping) influence the strength of the mediating mechanisms.
Case Study Part 1ACC221 Lesson 6 Case Study TemplateNameMEID ParMaximaSheffield592
Case Study Part 1ACC221 Lesson 6 Case Study TemplateName:MEID: Part 1Scenario: Jake Scoots LP, a calendar-year partnership, provides scooter repair services and rents scooters. The business started on January 1, Year 1. Jake owns 60% of the partnership, and Kelly owns 40%. Jake, a general partner, manages the shop and receives a guaranteed payment from the partnership. Kelly is a limited partner and is not involved in the operations of the business.Instructions: Using the data from the lesson, complete the Excel spreadsheet to calculate the amount of each partner's basis in the partnership interest at the end of Year 1 and Year 2. Access the Financial StatementsEnter losses, deductions, and distributions as negative values.Enter income, gains, and contributions as positive values.If an item is zero, or the item does not impact basis in the partner's partnership interest, enter a zero.JakeKellyYear 1:Beginning basis in partnership interest$0$0ContributionsPartnership recourse debt (trade accounts payable)Partnership nonrecourse secured debt (land)Ordinary business incomeNontaxable incomeSeparately stated income itemsGuaranteed payment (John)DistributionsNondeductible expensesOrdinary business lossSeparately stated expense itemsYear 1 Ending Basis in Partnership InterestYear 2:ContributionsIncrease in partnership recourse debt (accounts payable)Increase in partnership nonrecourse secured debt (land)Ordinary business incomeNontaxable incomeSeparately stated income itemsGuaranteed payment (John)Decrease in partnership recourse debt (accounts payable)Decrease in partnership nonrecourse secured debt (land)DistributionsNondeductible expensesOrdinary business lossSeparately stated expense itemsYear 2 Ending Basis in Partnership Interesthttps://riosalado.coursearc.com/content/acc221-in-v11/lesson-6-contributions-to-a-partnership-partnership-operations-and-disposition-of-partner-s-interest/assignments/
Case Study Part 2ACC221 Lesson 6 Case Study TemplateName:MEID: Part 2Scenario: On January 1 of the current year, Mr. Clair and Mr. Hope established operations of their partnership Smuckers Technologies, a manufacturer of inventory software. Both partners actively participate equally. Smuckers’ income statement for the current calendar year is presented in the lesson. Access the Income Statement.Instructions: Using the data provided, enter the appropriate values in the Part 2 table in the Excel spreadsheet as they would appear on page 1 of a partnership tax return.Partnership Tax Return Information1Gross receipts or sales2Interest income3Cost of goods sold4Gross profit5Salaries and wages (other than partners)6Guaranteed payments7Depreciation8Retirement plans9Charitable contributions10Ordinary business income (loss)https://riosalado.coursearc.com/index.php?cID=111345&checkedIn=true
MARKETING AUDIT – notes and audit questions
D L Clewes MKTM028, MKTM040 Module Leader
Many companies today are finding that their current strategic marketing is
growing ...
Industry practice has demonstrated that big data opportunities are enormous, but there is a need to (a) reconcile academic ‘big stats on small data’ with practitioner ‘small stats on big data’ and (b) combine deep learning methods with statistical modeling and theory-based models to establish causal effects. Privacy and security concerns will limit collection/retention of data. So there is a need to focus on the development of analytics for anonymized and minimized data and proactive development of methods for protection of customer privacy.
Group marketing is the use of the psychological mechanisms underlying group influence to guide customer behaviors that are beneficial to the firm. It can be implemented along a continuum in which firms can become group providers or they can leverage existing consumer groups or somewhere in between. For example, Nike, as a group provider, has shifted one-third of its multibillion dollar marketing budget to support group based initiatives such at the Nike + system. Toms, falling more on the leveraging side, provides resources to more than 1,000 consumer-initiated groups that contribute to the tom’s mission. This lesson examines what makes these group-based initiatives effective.
The lesson discusses the two necessary conditions for a firm to use groups to influence customers’ behaviors and outlines various ways firms can meet these requirements. Firm must first make customers aware of their association to a focal group and then must expose them to the desired group norm. Firms can guide group associations by priming customers with a new group membership, making customers’ existing membership within a group salient, or identifying and leveraging customers’ self-selected groups. They can expose customers to group norms by enabling direct group member-to-customer communication, facilitating customer observation of group member behaviors, or dictating aggregate group norms in marketing communication.
This lesson also reviews the psychological processes underlying the effectiveness of group marketing and how they change over time. Group norms influence behavior by altering customers’ information and identity appraisals. Group norms are more influential on informational appraisal when a customer is new to a domain (e.g. new moms), but the informational effect of group norms weakens as the customer’s own private knowledge about the domain deepens. Group norms can have strong effects on identity appraisals when a customer enters a new domain and provide a means to “blend in,” but this quickly weakens as the customer attempts to preserve their own personal identity. As the customer becomes more committed to the domain, the group they belong to within that domain can become a key contributor to their self-concept and norms governing that group become an important guild for enacting the self. Thus, group norms have a strong effect on identity appraisals when a customer is more familiar with a domain.
These slides suggest that product, industry, and platform characteristics affect eWOM Elasticity and offers recommended strategies for how products.
Managers are likely to have greater success raising prices by 1) targeting consumer segments high (vs. low) in PDB, 2) activating a high PDB via ads, slogans, or POP material, 3) heightening the need for closure using contextual cues, or 4) increasing social density in stores.
It Takes a Village: A New Measurement Model for Companies Creating Shared ValueSustainable Brands
Shared value changes measurement. There is more to measure beyond activities and outputs in order to learn and improve. Shared value measurement requires companies to go deeper to the systems level, and consider the needs of more stakeholders, including new types of partners. During this session, a senior expert from the Shared Value Initiative will debut new insights from a field guide on measuring shared value based on a consultative effort that involved leading multinational health-related companies focused on addressing the unmet health needs of low-resourced populations profitably. A panel of corporate partners will then discuss the application of these findings to the measurement of their shared value initiatives to pave the way for audience learning and application of this approach. Still emerging, measuring shared value is evolving and attendees of this session are encouraged to help shape its future.
The Missing Element in Marketing MeasurementMichael Wolfe
While marketing-mix modeling has long been a gold-standard of marketing ROI measurement, it is lacking one very important driver of the business: the voice-of-the-customer. This presentation illustrates how leveraging a metric from social media-brand-experiential comments represents a large and very important driver of brand performance.
This research shows that price promotions can increase consumers’ perceived resources, which in turn increase consumers’ donation behavior. This research also examines several managerially relevant factors that can affect the magnitude of this positive effect of price promotions on consumers’ donation behavior. Explaining the success of the recent Giving Tuesday movement, this research shows that charitable organizations can benefit the most when they solicit donations immediately after the price promotions. The collaboration between firms and charitable organizations can create a win-win situation that benefit both stakeholders and contribute to a better world.
Gift giving is an effective means to strengthen interpersonal relationships; it also may initiate and enhance customer–brand relationships. Based on a field study conducted with an international mono-brand retailer of beauty products, a combination of propensity score matching with difference-in-differences estimations, and two experimental scenario studies, this research demonstrates that gift buyers spend 63% more in the year following a gift purchase than a matched sample of customers who purchase for their personal use. Specifically, gift buyers increase their purchase frequency (25%), spend more per shopping trip (41%), and engage in more cross-buying (49%). The sales lift is particularly pronounced among new customers. Identity theory suggests customer gratitude and public commitment as mediating mechanisms. Gift purchase design characteristics (i.e., assistance during gift purchase and branded gift wrapping) influence the strength of the mediating mechanisms.
Case Study Part 1ACC221 Lesson 6 Case Study TemplateNameMEID ParMaximaSheffield592
Case Study Part 1ACC221 Lesson 6 Case Study TemplateName:MEID: Part 1Scenario: Jake Scoots LP, a calendar-year partnership, provides scooter repair services and rents scooters. The business started on January 1, Year 1. Jake owns 60% of the partnership, and Kelly owns 40%. Jake, a general partner, manages the shop and receives a guaranteed payment from the partnership. Kelly is a limited partner and is not involved in the operations of the business.Instructions: Using the data from the lesson, complete the Excel spreadsheet to calculate the amount of each partner's basis in the partnership interest at the end of Year 1 and Year 2. Access the Financial StatementsEnter losses, deductions, and distributions as negative values.Enter income, gains, and contributions as positive values.If an item is zero, or the item does not impact basis in the partner's partnership interest, enter a zero.JakeKellyYear 1:Beginning basis in partnership interest$0$0ContributionsPartnership recourse debt (trade accounts payable)Partnership nonrecourse secured debt (land)Ordinary business incomeNontaxable incomeSeparately stated income itemsGuaranteed payment (John)DistributionsNondeductible expensesOrdinary business lossSeparately stated expense itemsYear 1 Ending Basis in Partnership InterestYear 2:ContributionsIncrease in partnership recourse debt (accounts payable)Increase in partnership nonrecourse secured debt (land)Ordinary business incomeNontaxable incomeSeparately stated income itemsGuaranteed payment (John)Decrease in partnership recourse debt (accounts payable)Decrease in partnership nonrecourse secured debt (land)DistributionsNondeductible expensesOrdinary business lossSeparately stated expense itemsYear 2 Ending Basis in Partnership Interesthttps://riosalado.coursearc.com/content/acc221-in-v11/lesson-6-contributions-to-a-partnership-partnership-operations-and-disposition-of-partner-s-interest/assignments/
Case Study Part 2ACC221 Lesson 6 Case Study TemplateName:MEID: Part 2Scenario: On January 1 of the current year, Mr. Clair and Mr. Hope established operations of their partnership Smuckers Technologies, a manufacturer of inventory software. Both partners actively participate equally. Smuckers’ income statement for the current calendar year is presented in the lesson. Access the Income Statement.Instructions: Using the data provided, enter the appropriate values in the Part 2 table in the Excel spreadsheet as they would appear on page 1 of a partnership tax return.Partnership Tax Return Information1Gross receipts or sales2Interest income3Cost of goods sold4Gross profit5Salaries and wages (other than partners)6Guaranteed payments7Depreciation8Retirement plans9Charitable contributions10Ordinary business income (loss)https://riosalado.coursearc.com/index.php?cID=111345&checkedIn=true
MARKETING AUDIT – notes and audit questions
D L Clewes MKTM028, MKTM040 Module Leader
Many companies today are finding that their current strategic marketing is
growing ...
Studying the Link Between Volume of Media Coverage and Business Outcomes. Udit Joshi
My study is based on exploring the Link between Volume of Media Coverage and Business Outcomes. The main purpose of this study is to gather and classify the varying factors used in marketing mix modeling, and to look at how public relations is represented therein. Only a few studies albeit have actually been published on the topic within industry literature lacking especially in the Indian context. I would also like to bring upon the issue of Online Media an emerging area for marketing mix modeling which is of particular interest to the practitioners for measuring public relations through websites and consumer-generated media.
Understanding how news and advertising interact is important, from two perspectives. From a business management perspective, this understanding would enable a company to develop optimally-effective integrated communications plans and to allocate resources appropriately. From a theoretical perspective, there is the promise of deepening our understanding of how people integrate messages received from different forms of mass
communication.
While this study focused on how the volume of media coverage relates to brand value, reputation in the media is often a greater predictor of brand value and business outcomes such as sales. In industries that involve more research before purchases are made, the editorial content that results from PR can account for nearly half of brand value.
In industries that exhibit a stronger link between media coverage and brand value, managers in these product categories need to pay special attention to the way the brand’s value is impacted by its communications activities.
‘Earned media’ that results from public relations efforts may be more important than advertising to brand value, especially for companies that sell feature-rich, high-involvement and complicated products such as consumer durables. Findings from the study reveal that industries that sell high involvement products - where a buyer invests time and effort in deciding what to buy than buying by impulse.
Public Relations could be used as a powerful tool to draw customer attention. A timely and topical issue can be news that drives media coverage, getting the company’s name or brand more visibility.
Objectives
As a researcher I delve into the following spheres:
1. Constituents of Brand identity and role of PR in Brand identity
2. Reaching your direct customer through PR with stress on online PR efforts.
3. Empowering customer to make an informed decision.
4. Helping customer research the product at the information seeking stage of the buying decision model.
5. Trust has become a major issue in the post-bubble business world. Relationship building protects a firm’s long-term competitiveness.
MKT574 v1Strategic Marketing PlanMKT574 v1Page 3 of 10milissaccm
MKT/574 v1
Strategic Marketing Plan
MKT/574 v1
Page 3 of 10
Strategic Marketing PlanPart A: Environmental Analysis and SWOT Analysis
(Due in Wk 2)
Company Description
For the environmental and SWOT analysis, I selected BPI Sports LLC before making a strategic marketing plan. It is based in the United States, Hollywood, Florida. The line of products this company works on is nutritional supplements. It not only develops and formulates but also works on marketing nutritional supplements. Its mission is to deliver the highest quality nutritional supplements for muscle gain and bodybuilding to its consumers, which can optimally help them reach their fitness goals (Directory, 2021). The vision statement is based on the phrase "make a difference." They have the vision to formulate the best product to inspire and implement changes in the human physique. The company was established in 2010. It operates with 51 to 200 employees.
Environmental AnalysisCompetitive ForcesThe industry of nutritional supplements, whether it involves mineral/vitamin supplements or protein supplements, is on the rise and incrementing at the rate of 7.1%. This fact has attracted a lot of developers to establish their companies in the market, which has led to an increase in the competition. The main component to survive this completion is to gain the customers' loyalty. This can only be achieved through time. As people become more comfortable and dependent on a specific nutritional supplement, they tend to stay with the same brand instead of choosing another one. FitFlex Company is the biggest competitor of BPI sports in the nutritional supplement industry. BPI Sports is spending more resources to gain customer loyalty which is a beneficial factor as it provides an edge over FitFlex Company. Economic Forces
Economic issues have rendered the sales low, which has led to a low-profit margin for BPI sports. This economic issue was due to the factor of quarantine due to the COVID-19 pandemic. Political ForcesDuring the year 2016, elections were scheduled. It was predicted that the inflation rate would reach 1.7% (The Election’s Effect on Expected Inflation, n.d.). This increment in inflation caused a rise in the cost of manufacturing. Spending more revenue on manufacturing led to narrow profit margins. Legal, Regulatory, and Ethical IssuesThe food and drug administration (FDA) is a regulatory body that monitors the standards of nutritional supplements. It checks not only the manufacturing process but also the ingredients that are added to the supplements. Any issue, whether it is regulatory or ethical, can lead to serious legal charges. Technological ForcesThe technological issues faced by the company in the past have already been resolved involving the use of advanced formulation machinery in the developmental process. For online fitness programs, relevant technical support has also been established to face the pandemic-related issues. Social Forces
The social trend of relyin ...
Question 1 of 402.5 PointsA company that does not want to ad.docxssuser774ad41
Question 1 of 40
2.5 Points
A company that does not want to add to the product lines in its portfolio would be most likely to select which of the following options?
__________ is information collected on a regular basis using standardized procedures and sold to multiple customers from a related industry.
Which of the following is true of ethnographic research?
Which of the following statements about brand equity is NOT true?
Qualitative research is best suited for gathering __________ information.
Which of the following is good advice about creating research questionnaires for Mark Hammel, research specialist at New Wave Data, to follow?
Which of the following elements of a questionnaire is designed to apply any restrictions that exist on the desired respondents for the survey?
The brand manager of Wee Won, a brand of stylish infant and toddler clothes sold at upscale shops in urban and suburban settings, has experimented with increasing the price of several items in the Wee Won line. Sales of these items did not decrease with the new, higher prices. It is most accurate to say that Wee Won customers have exhibited:
Which of the following is true about a simple random sampling?
The middle level of brand positioning is:
For a fee, some companies __________ names or symbols previously created by other manufacturers, characters from popular movies and books, or works of art--any of which can provide brand equity.
Managers often start with __________ research and later follow with __________ research.
Of the types of brand loyalty, which one leads to a higher relative price?
Businesses selling to other businesses tend to discuss more __________ when presenting their product and services than business-to-consumer brands do.
Which of the following identifies a major concern regarding Internet marketing research?
The total financial benefit that results from owning a brand is quantified through the process of brand:
Which of the following should a company LEAST expect as a benefit resulting from co-branding?
Which of the following is NOT an aspect of Internet research panel management?
Brand __________ is the set of associations that consumers hold in memory regarding a brand's features, benefits, users, and perceived quality as a result of prior brand marketing activities.
AMF Research Group must guard against problems during the phase of conducting marketing research for its clients. Which of the following is NOT a problem that should be anticipated for data collected through interviews during this phase?
While preparing the marketing plan for a new product line called Nature& Nurture, Jonas wrote the following: "Nature & Nurture toys provide learning experiences that stimulate young children's senses and open up a world of discovery for the youngest of learners." This statement belongs in the __________ section of the marketing plan.
Informati ...
MKT574 v1Strategic Marketing PlanMKT574 v1Page 3 of 10.docxkendalfarrier
MKT/574 v1
Strategic Marketing Plan
MKT/574 v1
Page 3 of 10
Strategic Marketing PlanPart A: Environmental Analysis and SWOT Analysis
(Due in Wk 2)
Company Description
For the environmental and SWOT analysis, I selected BPI Sports LLC before making a strategic marketing plan. It is based in the United States, Hollywood, Florida. The line of products this company works on is nutritional supplements. It not only develops and formulates but also works on marketing nutritional supplements. Its mission is to deliver the highest quality nutritional supplements for muscle gain and bodybuilding to its consumers, which can optimally help them reach their fitness goals (Directory, 2021). The vision statement is based on the phrase "make a difference." They have the vision to formulate the best product to inspire and implement changes in the human physique. The company was established in 2010. It operates with 51 to 200 employees.
Environmental AnalysisCompetitive ForcesThe industry of nutritional supplements, whether it involves mineral/vitamin supplements or protein supplements, is on the rise and incrementing at the rate of 7.1%. This fact has attracted a lot of developers to establish their companies in the market, which has led to an increase in the competition. The main component to survive this completion is to gain the customers' loyalty. This can only be achieved through time. As people become more comfortable and dependent on a specific nutritional supplement, they tend to stay with the same brand instead of choosing another one. FitFlex Company is the biggest competitor of BPI sports in the nutritional supplement industry. BPI Sports is spending more resources to gain customer loyalty which is a beneficial factor as it provides an edge over FitFlex Company. Economic Forces
Economic issues have rendered the sales low, which has led to a low-profit margin for BPI sports. This economic issue was due to the factor of quarantine due to the COVID-19 pandemic. Political ForcesDuring the year 2016, elections were scheduled. It was predicted that the inflation rate would reach 1.7% (The Election’s Effect on Expected Inflation, n.d.). This increment in inflation caused a rise in the cost of manufacturing. Spending more revenue on manufacturing led to narrow profit margins. Legal, Regulatory, and Ethical IssuesThe food and drug administration (FDA) is a regulatory body that monitors the standards of nutritional supplements. It checks not only the manufacturing process but also the ingredients that are added to the supplements. Any issue, whether it is regulatory or ethical, can lead to serious legal charges. Technological ForcesThe technological issues faced by the company in the past have already been resolved involving the use of advanced formulation machinery in the developmental process. For online fitness programs, relevant technical support has also been established to face the pandemic-related issues. Social Forces
The social trend of relyin.
The Total Economic Impact of Marketo EngageMarketo
In this webinar, you'll hear from a top marketing analyst on how the world of marketing is changing and why investment is crucial. Next, we’ll share the results of a recent ROI study commissioned by Adobe and conducted by Forrester Consulting, an independent research firm. This study quantifies the value of Marketo Engage, based on interviews with real customers. Finally, you'll hear from a Marketo Engage customer to hear her personal story of driving martech investments, transformation and value at her company.
An increasing number of online retailers (e.g. Amazon) are investing billions of dollars in building their own delivery services (ODS) and delivering products to customers’ homes through their own logistics network. ODS not only improves delivery quality but also builds customer trust, which together increases customers’ monthly spending, purchase frequency, and the number of items ordered. ODS has greater value for markets with lower trust levels, infrequent customers, high-risk product categories, and consumers who prefer the focal retailer.
Brands have tremendous opportunities to disseminate socially relevant messages embedded in the narratives of their TV ads to impact socially beneficial outcomes. Brands should be strategic about their advertising not just from a brand-outcome standpoint, but also from a societal-outcome standpoint. Brand advertising can indeed do societal good!
A decentralized onboarding program can develop salespeople into higher performers than a centralized onboarding program can, partly due to its ability to foster in newcomers a more innovative and adaptive approach to their role.
Stock market pressures are known to reduce manager incentives to invest in breakthrough innovations. Innovation imprinting, which captures establishing product priorities and building market capabilities before the firm goes public, helps companies remain innovative after the IPO. This works because innovation imprinting attracts a segment of concordant investors whose risk preferences are more supportive of innovation.
The marketing literature has defined authenticity as a perceptual quality that consumers attribute to a brand. Following this definition, research has sought to identify the essential features that brands, business, or celebrities possess, which drive these perceptions of authenticity and conversely, to identify the contrasting features that generate perceptions of inauthenticity. We argue that this conventional approach, while making intuitive sense, is unable to effectively grapple with the cultural complexity manifest in the process of “authenticating” a brand. Using semiotic theory, we develop a framework that marketing managers can use to analyze the cultural contradictions of authenticity that can undermine their authenticity claims.
The slides describe the nature, functioning, and performance relevance of Machiavellianism in alliance partnerships. The paradox of Machiavellianism is that it is a strategy a firm uses to manipulate the partner to improve its own gain, but doing so is likely to prove detrimental to its performance in the alliance. Our Theories-in-Use discussions surfaced manifestations of Machiavellianism’s behavioral side that would allow the detection of a Machiavellian partner. Machiavellian firms are likely to exhibit behaviors that reflect its dimensions, such as hypervigilance, authoritative work patterns, and calculative adaptations. Managers’ ability to harness shared experiences provides a way to work with these firms more successfully.
This research examines the impact of premium organic specialist store entry on category sales at incumbent generalist stores. The results indicate that incumbent stores lose about 3% in sales after a local organic store entry. The study also examines managerially relevant factors that can influence the magnitude of sales losses. The results show that incumbent generalist stores can reduce sales losses by reducing the relative distinctiveness of the entrant along three dimensions: variety, price-quality, and authenticity.
A new study in the Journal of Marketing shows that the design of websites used for buying health insurance combined with high-quality big data can produce big savings for consumers. When health insurance products are ordered such that the best options for the consumer appear first in the presented list, this strongly improves consumers' decisions. If the list is also partitioned to show a small number of options first (with an easy option to click through to see all options), this further improves consumers' decisions. However, importantly, if the best options are not at the top of the list, partitioning can harm consumer decision quality.
A new study in the Journal of Marketing shows that the design of websites used for buying health insurance combined with high-quality big data can produce big savings for consumers. When health insurance products are ordered such that the best options for the consumer appear first in the presented list, this strongly improves consumers' decisions. If the list is also partitioned to show a small number of options first (with an easy option to click through to see all options), this further improves consumers' decisions. However, importantly, if the best options are not at the top of the list, partitioning can harm consumer decision quality.
While marketing researchers increasingly employ web data, the idiosyncratic and sometimes insidious challenges in its collection have received limited attention. How can researchers ensure that the datasets generated via web scraping and APIs are valid? A new article in the Journal of Marketing proposes a methodological framework that highlights how addressing validity concerns requires the joint consideration of idiosyncratic technical and legal/ethical questions. The framework covers the broad spectrum of validity concerns arising from the automatic collection of web data for academic use along the three stages of collecting web data: selecting data sources, designing the data collection, and extracting the data.
Barbering, beer, coffee, hand soaps, tattoos, and even ice cream. The craft movement is everywhere. Everything is becoming artisanal, boutique, custom, and handcrafted. How did we get there? How can firms take advantage of this?
The findings of this research provide substantive practical implications to policy makers, marketers, and charity organizations by identifying a quite simple and highly actionable strategy to promote charitable giving, that is framing charitable giving as gift rather donation.
This paper outlines a strategy to identify brand alliances by examining co-followership on Twitter. By examining the brands who share the same followers, it is possible to model the closeness of brands over time and across product categories.
GMO labels create vertical differentiation for many consumers by signaling that non-GM products are better than GM products, drawing attention away from factors such as price – making it less important – and allowing firms to charge a premium for non-GM products.
Exposure to dogs (cats) makes consumers subsequently more promotion- (prevention-) focused, meaning that consumers will become more eager (cautious) in pursuing a goal and more risk-seeking (risk averse) when making decisions.
Exposure to dogs (cats) makes consumers subsequently more promotion- (prevention-) focused, meaning that consumers will become more eager (cautious) in pursuing a goal and more risk-seeking (risk averse) when making decisions.
Quasi-experimental methods are an increasingly important tool for marketing scholars. This work aims to broaden the understanding of quasi-experimental methods among marketing scholars and those who read their work by describing the underlying logic and set of actions that make their work convincing.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Shedding Light on the Dark Side of Firm Lobbying: A Customer Perspective
1. Shedding Light on the Dark Side
of Firm Lobbying:
A Customer Perspective
Vadakkepatt, Arora, Martin, and Paharia (2021)
2. Background
• Lobbying is a critical mechanism through
which firms influence policy makers.
• Lobbying expenditures have grown in
the past two decades and an increasing
number of firms now have government
affairs functions.
• Importantly, past studies have shown
that lobbying results in increased firm
value, generally through paths that are
not customer focused.
Vadakkepatt, Arora, Martin, and Paharia (2021)
3. Key Takeaway 1
• Lobbying reduces firm customer satisfaction
and therefore reduces the positive impact of
lobbying on firm value.
• The negative effect of lobbying on customer
satisfaction is because the dual focus on
regulators and customers leads to customer
focus loss.
Implication: A firm’s non-product market
strategy can influence its product market
performance because companies might be
unable to simultaneously balance two disparate
activities.
Vadakkepatt, Arora, Martin, and Paharia (2021)
4. Key Takeaway 2
• A marketing CEO, firms’ resource allocation on marketing
activities, namely advertising and R&D spending, and product-
issue lobbying can reduce the negative effect of lobbying on
customer satisfaction.
Implication: Firms have access to customer-focused strategic
levers which could be used to minimize the negative effect of
lobbying on customer satisfaction.
Vadakkepatt, Arora, Martin, and Paharia (2021)