Everybody runs contests. But are these contests really effective? How many people do they reach? How many people respond? How many people actually remember to fill up a postcard, or…
In addition to the conventional media vehicles, a lot of innovative mediums are used in rural advertising and marketing. Some of the most striking ones are:
One of the challenges faced by marketers in markets is inadequate awareness about brands, product and its usage. It is observed that low awareness level leads to
Marketing mix (Product,Price, Place, Promotion) When marketing their products firms need to create a successful mix of: 1) The right product 2) Sold at the right price 3) In the right…
Another approach to examine product mix is by looking at different stages of products life cycle. Every product introduced has a specific life span. This life span is divided into…
SWOT analysis ( TOWS Matrix ) is a simple framework for generating strategic alternatives from a situation analysis. It is applicable to either the corporate level or the business unit level and…
Porters fives forces model is an excellent model to use to analyse a particular environment of an industry. So for example, if we were entering the PC industry, we would…
The article focuses on the main aspects of Porter’s generic strategies / porter’s generic forces. The three generic strategies of cost leadership, differentiation, and focus are discussed along with the…
The strategic marketing planning process flows from a mission and vision statement to the selection of target markets, and the formulation of specific marketing mix and positioning objective for each…