Some global companies use a standardized advertising message around the globe, changing the copy in minor ways to adjust for language differences. Other companies fully adapt their communications to local markets even the brand name sometimes.
Why is it possible to approach markets so differently? Give examples of these two approaches (using real companies) and justify their use.© BrainMass Inc. brainmass.com October 25, 2018, 5:24 am ad1c9bdddf
Please refer to the attached file for the response.
DIFFERENTIATED AND STANDARDIZED OR NON- DIFFERENTIATED ADVERTISEMENTS
Advertisement is one of the means by which companies promote their products or inform actual and potential buyers about their offers. Other forms of promotion include publicity and personal selling. All of these forms of promotions intend to attain the basic objectives such as: (a) informing target buyers of new offers, (b) informing them of certain changes in existing offers, or (c) informing them that the company still exists and is ready to continue filling up the needs of target buyers. Other objectives may include: stimulating buyers to repeat purchases or purchase in bigger volumes and convincing existing purchasers that they made the right decision in buying the company's product (Kotler and Keller, 2006).
Because of the need to disseminate to people about the company's offers as well as the need to maintain competitiveness, companies normally allocate a certain percentage in their budget on advertisement. Advertisements may be conveyed in different media, ...
The solution discusses why it is possible to approach markets so differently and gives two examples.
Prepare a comprehensive Marketing Plan for Z-Wing to maintain their leading edge.
Marketing Plan for Z-Wing
You are the Head of Commercial Aviation at Z-Wing, the world's largest commercial and military manufacturer. Janssen is Z-Wing's closest competitor and has recently captured 47% of the market. The Chairman Aaron Weiss has given one objective - "Come up with a marketing plan to help Z-Wing stay ahead of Janssen and maintain Z-Wing's position as world leader. The aviation industry is growing at 5% a year so innovation will be key to maintaining Z-Wing's leading edge.
The marketing plan should include the following information:
1. Executive Summary
2. Situation Analysis
o Market Summary
o SWOT Analysis
o Product Offering
o Keyes to Success
o Critical Issues
o Historical Results
3. Marketing Strategy
o Marketing Objectives
o Financial Objectives
o Target Markets
o Marketing Mix (Four P's)
o Marketing Research
o Break-even Analysis
o Sales Forecast
o Contingency Planning