Describe how marketing techniques are used to market products in two organizations In this task I will describe how marketing techniques are used to market products In two different organizations In this case NASH and Nikkei. NASH The NASH was found by Neural Bean on the 5th of July 1948 when he opened the Park hospital in Manchester: his ambition was to break a high standard of healthcare to everyone. This gave the opportunity for doctors, nurses etc. To be together and provide a service which is free and of high standard.
Gradually the NASH improved ND the quality of the health improved dramatically and with the money doctors were able to carry out research which allowed them to do more to help the health care for everyone. Nikkei Johnson created the first product brochures, print ads and marketing materials, and even shot the photographs for the company’s catalogues. He established a mail-order system, opened the first SIRS retail store and managed shipping/receiving. He also designed several early Nikkei shoes, and even conjured up the name Nikkei In 1 971 -Around this same time, the relationship between BARS and Monitors was falling apart.
Knight and Borrower were ready to make the Jump from being a footwear distributor to designing and manufacturing their own brand of athletic shoes. They selected a brand mark today known internationally as the “Swoosh,” which was created by a graphic design student at Portland State university named Carolyn Davidson. The new Nikkei line of footwear debuted in 1972, in time for the U. S. Track & Field Trials, which were held in Eugene, Ore. One particular pair of shoes made a very different impression – literally – on the dozen or so runners who tried them. Http://incline. Com/pages/history-heritage Marketing The action or business of promoting and selling products or services, Including market research and advertising. Http://Venn. Exceptionalness. Com/deflation/ English/marketing The activities off company associated with buying and selling a product or service. It Includes advertising, selling and delivering products to people. People who work in marketing departments of companies try to get the attention of target audiences by using slogans, packaging design, celebrity endorsements and general media exposure.
The four ‘As’ of marketing are product, place, price and rumination. Http://mm;. Investigated. Com/terms/m/marketing. Asp Marketing in my opinion is very important for all business’s this is because if marketing is done well then it should mean that the business will be more successful. Marketing is meeting the wants and needs of the target market, this could be done by producing new products which the customers want/need or through advertising an existing product. Marketing strategies Growth strategies (INSOFAR) expansion.
This strategy consists of Market penetration, product development, Market development and diversification. Market Penetration- This is when the market/ product is known to the business and has the lowest risk in terms of growth, doing this increases the market share. Product Development- This is existing market but a new product, this is to ensure they keep their loyal customers and therefore has a higher risk compared to market penetration because if the customers are not happy with the product they may not want to continue buying.
An example would be Phone. Market Development- This is when a business goes into a new market; this is to increase the sales of the business over as the business is going into a new market the risk will be much higher as they won’t know the market as well which could therefore result in a failure. Diversification- This method has the highest risk this is because it’s the development of a new product in a new market.
Therefore the business will not have much experience in that market and with that product but the aim of this method is to increase sales survival strategies Survival strategies is used when a business is in fear of not surviving therefore they will need to use this strategy to overcome this. This strategy is all about branding which is creating a unique name and image for a product in the consumers’ mind, mainly through advertising campaigns. This is important because if the product is seen as unique then more customers may want to buy the product as it is not already out there. relationship strategies This strategy is used by businesses to build a relationship with their customers; this will mean that their customers will be loyal to them which could result in the business making more revenue. Examples of this strategy are customer loyalty schemes. The reason a business would do this is to ensure that they have loyal customers which will ensure that those customers will come back to their business. Transactional marketing Transactional marketing is a business strategy that focuses on single, “point of sale” transactions.