Unit 4: Marketing
Task 1: Marketing Environment Report
Introduction
Marketing Definition
Marketing Process
- Marketing & Environment Analysis
- Fixing Marketing Target
- Marketing Strategy
- Marketing Mix
- Marketing Controlling
Market Orientation
- Customer Orientation
- Competitor Orientation
- Interfunctional Coordination
Different Orientations which can be adopted by the business
- Production Orientation
- Product Orientation
- Selling Orientation
- Ethical and sustainable marketing
Cost to Starbucks of adopting a marketing approach
Benefits to Starbucks of adopting a marketing approach
Marketing Audit of the macro and micro environment for Starbucks
Explain your understanding of segmentation for this organisation
How buyer behaviour will affect Starbucks
Evaluation of costs and benefits together with recommendations
Propose new market positioning for a selected product
Bibliography
Marketing Environment Report
Introduction:
Starbucks is one of the world’s leading coffee bars, which has been open since 1971. To survive in the vastly culturally differentiated environment, they had to introduce new products such as teas for the Chinese market. On the other hand, to be able to increase their seasonal sales and gain a competitive advantage in the coffee market, Starbucks have introduced Pumpkin Spiced Lattes which are only sold in the autumn/winter season. To increase their sales during these months even more, they can introduce a
Starbucks is a “premier roaster, marketer and retailer of specialty coffee” (Marketline 2012). This company is globally recognized because of their vast amount of stores, consisting of more than 17,000 retail stores in over 55 countries. Most retail stores are in highly populated areas, like “downtown and suburban centers, office buildings, university campuses and in select rural and off-highway locations” (Marketline 2012).
* Online marketing is now the fastest-growing form of marketing. Marketers have ventured online to attract new customers and build stronger relationships with existing ones. “Brick and mortar companies” have now become “click and mortar companies. The technology boom is providing exciting new opportunities for marketers.
This paper will introduce a product and service which operates in the U.S. with the intent to expand within foreign markets eventually. The service that I chose is a current service in the food service industry that does exist but would benefit from enhancing it; there are market trends for the new service that would definitely satisfy potential customers’ needs and wants once the idea is brought to their attention. The goal is to bring the feel of the city’s fine dining and lounging experience to areas outside the city without having to travel far or spend more. The service is an
1. As a marketing consultant for a chain of hair salons, you have been asked to evaluate the kids’ market as a potential segment for the chain to target. Evaluate the kids’ segment against the four criteria for successful market segmentation.
2. Situation Analysis – presents relevant background data on sales, costs, the market, competitors and various forces in the macro environment
AT&T is the 2nd largest cellular company in the U.S. today. While there are several competitors in the telecommunications industry, the company’s largest competitor however, is Verizon wireless. AT&T has several services in its portfolio, to include, wireless cellular service,
Starbucks generally wants a safeguard that is maintainable of the stock of high value coffee from Latin America and also around the world. Orin Smith wants an agreement to purchase about sixty percent of coffee under those terms by 2007. (Association Press, Lee, 2004) The arrangement considers the increasing influence of premium coffee in the marketplace and determinations to utilize it for the further of the minor growers. While it reaches to the supply, demand and means of coffee there are specific elements that can vary these qualities to increase or decrease. For example, utilization of coffee that many people are likely to have thirst-quencher for coffee due to the fact its winter and not summer hence the cold high temperature, Starbucks has struggled to prevent these affected decline in the summertime by proving a range of cold beverages and sweet desserts on the other hand; throughout the summertime these issues are measured by "want" contrasted to nearly a "need" throughout the winter.
Your marketing and advertising program from the company evidences which Seattle-based Starbucks Corporation will be the foremost coffeehouse archipelago throughout the world. The organization at this time features functions inside in excess of forty four nations. Currently company can be likely to available it's retailer inside Aussie. That wishes to deliver nearby Aussie marketplace and its particular younger age group together with standardized goods in the form of caffeine, herbal tea along with broad range of snack foods as well as sandwiches (Vecht, 2006). Due to this kick off, the objective from the company should be to create Starbucks from the Sydney by commencing the test out retailer inside Melbourne. This particular retailer from the company are going to be run by fine-tuning to the requirements from the nearby consumers whilst positioning the core Starbucks strengths crucial.
The traditional view of marketing is that the firm makes something and then sells it. A) Will not work in economies where people face abundant choice. B) New
In general the coffeehouse industry in the United States was experiencing an increase in coffee consumption per capita due to the “Starbucks effect”. At this time Starbucks was operating approximately 20,000 stores in the United States and was living a fast expansion strategy worldwide.
Location: Orlando, North America Status: Widow Personality: Patient, Loves reading and Passionate Natalia Jones works at the Wall-Mart as a Senior Supervisor for four days a week, and she lives at her house, which is near to her working place alone. She usually takes the day off on a Friday and all the weekends for therapy by doing some shopping. Usually Natalia is keen to visit the supermarket, such as her workplace or any other type of supermarket. However, she has a problem while she is shopping, which was that she isn’t clearly aware of the brand products that she bought was precise. There are times where she has bought the incorrect type of product brand, even though the product type was still similar. Even though she has prepared her
Starbucks is the world’s largest coffee roaster and retailer of specialty coffee in the world. We have enjoyed great dividend returns over the past 5 years, and our growth has been on the rise. We are currently saturating the US market, while the emerging markets of developing countries offer many possibilities for growth and increased revenues. In our US market we should look at offering more items on the menu that complement our long-standing tradition of pleasing our customers. Exotic Juices, and snacks served with the same service could add a nice margin to the bottom line. In addition, the ability to offer a drive through service for the consumer that loves fine coffee but does not have the time to stop
The feedback generated from these marketing research approaches will help understand buyer’s needs, demands and thought processes on the Starbucks brand and the new product implementation. It will further segment the market and identify which area of the segmentation provides favorable feedback towards the new product that Starbucks can effectively use in their marketing
Marketing is selling the product goods and service by knowing the needs and wants of the customer and consumer (Kotler P, 2009). Marketing Management expertise has capable of knowing the change of an organisation to manage both the internal and external challenges of environment (Cant M C, et al, 2009). A company needs to classify the customer needs and identifies the demand of the supplying
“All businesses operate within an environment, which directly or indirectly affects the way in which they function, just as we as consumers live within a cultural and social environment which to a greater or lesser degree determines the way in which we behave as individuals.” said Elaine O’Brien, University of Strathclyde.