Information about "Marketing": A Blockbuster Failure
Not what you're looking for?
Please provide original content only with at least 4 references included with a total of 1100-1200 words.
Marketing plans are tools used by managers to guide the process of marketing. They contain strategies and consider many environmental aspects that work together to affect the success of the product or service being marketed.
Marketers must learn to do solid research in support of upcoming projects. Provide a quick definition of marketing plans using your text. Include the following:
Using an article from the library's full-text databases, discuss an example of how a marketing plan helped make a product or service successful.
On the other hand (using an article from the library's full-text databases), discuss an example of how decisions in a marketing plan led to failure.
Analyze what was different in the 2 examples.
Make sure the above part is at least 600-700 words
In a marketing plan, objectives are created that can be used to gauge progress. You can have some fun with the concept. Movie studios pay stars a lot of money to star in what they hope is a blockbuster. But as you know, there are lots of box office failures. Consider the following:
Using an Internet search, find a movie that failed. Provide a quick overview of why the movie was considered a failure.
Applying what you have learned about the concept of market plans, extrapolate what could have gone wrong in the studios plan with regard to forecasting demand for the project.
Make sure this part is at least 600=650 words
I require the use of articles from the library's full-text databases. Articles are found in periodicals. Use only one of the following marketing databases for your information: The ABI Inform Global, Academic Search Premier, and Business Source Premier.
Purchase this Solution
Solution Preview
Marketing plans are tools used by managers to guide the process of marketing. They contain strategies and consider many environmental aspects that work together to affect the success of the product or service being marketed.
In accordance with BrainMass rules this is not a completion of assignment or a paper but only background help.
Marketers must learn to do solid research in support of upcoming projects.
Provide a quick definition of marketing plans using your text. Include the following:
Marketing plans contains the marketing objectives that the function of marketing seeks to achieve in a company. Further, the marketing plan provides the strategy that will be used to achieve those objectives. In addition, the objectives will be divided into marketing tasks and a person will be assigned the responsibility for the task. A timeline for the completion of the marketing tasks will be given along with the budget required to complete the marketing plan. From another perspective, the marketing plan must have strategies related to the marketing variable like the product, price, place, and promotion. The target market is defined in the marketing plan, and the competition is identified. The marketing plan also describes the product and its features and if need be has provisions for developing a product.
Using an article from the library's full-text databases, discuss an example of how a marketing plan helped make a product or service successful.
The article is Perfect lens for the eyes, retrieved from http://www.thesundaily.my/news/139935
The marketing plan for Acuvue by Johnson & Johnson has helped make the marketing of the plan successful. The marketing plan of Acuvue has been systematically planned for launching in South-east Asia. The first element of the planning is the product which has been developed for South-east Asia. For instance Acuvue Advance Plus with Hydraclear contact lenses are designed specifically for first-time wearers' concerns of using contact lenses In other words the company is targeting the first time users. Further, the marketing plan is to position the product as a comfort product. The other dimensions over which Acuvue is positioned strongly is that these lenses provide UV protections, ease of handling, and oxygen permeable. So the target segment is the health conscious ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Motivation
This tests some key elements of major motivation theories.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.