A global well-known brand.

 

 

Identify and discuss the main elements of your proposed dissertation topic and post an initial title.

Brief introduction/ review/ methdology/ discussion.

 

2nd question:

Choose a global well-known brand. With the information you have about it, analyse the 7P’s marketing mix framework. Supply practical examples to support your submission. PUT REFERENCES

 

3rd question: (200-250 words)

What is strategic management, and how does it influence organizational decision-making and performance? Share insights on the core components of strategic management, the influence of strategy, and its application in various contexts, and clarify common terminology such as the ‘5P’s of strategy.

Sample Solution

1. Proposed Dissertation Topic

Topic: The Impact of Social Media Marketing on Consumer Purchase Behavior in the Fast-Fashion Industry: A Case Study of [Specific Fast-Fashion Brand]

Main Elements:

  • Social media marketing: The role and influence of various platforms (Instagram, TikTok, Facebook, etc.) on consumer behavior.
  • Consumer purchase behavior: Understanding the decision-making process and factors influencing purchases.
  • Fast-fashion industry: Exploring the unique characteristics and challenges of this industry.
  • Case study: In-depth analysis of a specific fast-fashion brand to provide concrete examples and insights.

Potential Research Questions:

  • How do different social media platforms impact consumer perception of fast-fashion brands?
  • What is the relationship between social media engagement and purchase intent in the fast-fashion industry?
  • How can fast-fashion brands optimize their social media marketing strategies to drive sales and customer loyalty?

Methodology:

  • Literature review on social media marketing, consumer behavior, and the fast-fashion industry.
  • Quantitative research (surveys, questionnaires) to collect data on consumer attitudes and behavior.
  • Qualitative research (interviews, focus groups) to explore consumer motivations and experiences in depth.
  • Case study analysis of the chosen fast-fashion brand’s social media marketing efforts.

Discussion:

  • Analyze the findings and draw conclusions about the impact of social media marketing on consumer purchase behavior.
  • Offer recommendations for fast-fashion brands to improve their social media strategies.
  • Contribute to the existing body of knowledge on social media marketing and consumer behavior.

2. 7P’s Marketing Mix Analysis of [Global Brand]

[Global Brand]: [Brand Name]

7 P’s Marketing Mix:

  • Product: [Brand Name] offers a wide range of [product categories] characterized by [key product features]. The brand emphasizes [core product benefits] and [target customer segments].
  • Price: [Brand Name] employs a [pricing strategy, e.g., premium, value, penetration] to position its products. Factors influencing pricing include [production costs, competition, target market].
  • Place: The brand maintains a strong distribution network through [distribution channels, e.g., retail stores, online platforms]. [Discuss the importance of physical store locations or e-commerce].
  • Promotion: [Brand Name] utilizes a mix of advertising, public relations, sales promotions, and personal selling. [Highlight specific campaigns or marketing activities].
  • People: The brand’s success is attributed to its [employee training, customer service, and brand ambassadors].
  • Process: [Brand Name] has streamlined its operations through [efficient processes, e.g., order fulfillment, customer support].
  • Physical Evidence: The brand creates a distinct brand image through [store design, packaging, and digital experiences].

Example:

  • Apple: Known for premium pricing, strong brand image, innovative products, and a seamless customer experience.

References:

  • Kotler, P., Keller, K. L., & Armstrong, G. (2016). Marketing management. Pearson.

3. Strategic Management

Strategic management is a comprehensive approach to setting objectives, analyzing the competitive environment, and formulating and implementing strategies to achieve organizational goals. It involves a systematic process of decision-making that considers internal and external factors to create a sustainable competitive advantage.

Core Components of Strategic Management:

  • Strategy formulation: Defining the organization’s mission, vision, values, and goals.
  • Strategy implementation: Allocating resources, organizing structures, and motivating employees.
  • Strategy evaluation: Assessing the effectiveness of strategies and making necessary adjustments.

Influence of Strategy:

  • Decision-making: Provides a framework for making informed choices.
  • Performance: Drives organizational success by aligning resources and efforts.
  • Competitive advantage: Helps organizations outperform rivals.

5 P’s of Strategy:

  • Plan: A formal document outlining strategic goals and actions.
  • Perspective: The organization’s view of the future and its role in the market.
  • Pattern: Consistent behaviors and actions that reflect the strategy.
  • Position: The organization’s place in the competitive landscape.
  • Ploy: Specific tactical moves to outmaneuver competitors.

By understanding these elements, organizations can develop and execute effective strategies to achieve long-term success.

 

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