Facebook Pixel Code
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Strategy and Marketing

This is a preview of the 5-page document
Read full text
Walker & Mullins (2011) identifies that market success requires examination of external trends that impact the industry long-term. Ineffective market research, either qualitative or quantitative, as well as a poorly-developed promotional strategy could greatly undercut profitability as compared to more efficient competitors at these activities.Automobile manufacturer sales volumes are strongly influenced by consumer demand and also short-term economic conditions in key target markets in their desired segments. Morningstar (2012) identifies rather poor mid- to long-term performance at Nissan, but rather high performance at General Motors. Both of these companies offer mid-sized to larger-sized vehicles and operate in generally the same socio-economic market segments. Walker & Mullins (2011) identifies the importance of positioning, which is establishing a product that will emphasize consumer needs and help to differentiate the brand from other competition. General Motors conducts considerable market research on consumer attitudes, behaviors and needs which assists this business in gaining more customers. Psychographics is only one method of establishing connections with buyers. Nissan, on the other hand, might have less developed promotional and advertising strategies that do not stand out from competition. While GM would be positioned as a lifestyle-relevant product line, Nissan might be ineffective at successfully differentiating the product. Though this is only one factor, it does indicate why some companies perform better financially than others due to the importance of successful marketing strategy implementation and control.The automotive industry is also reliant on consumers that conduct a great deal of searches and considerations for these high dollar product purchases (Boone & Kurtz, 2007). It is highly involved, often deal with many test drives, Internet research, and considerations stemming from peer reference groups about price and quality before making a purchase. Companies in this industry that are more market-focused will try to develop more effective sales teams or produce better interactive websites (as only two examples) that continue to bring better performance through marketing strategy long-term. Marketing recognizes the importance of considering all elements of the marketing mix, and
This is a preview of the 5-page document
Open full text
Close ✕
Tracy Smith Editor&Proofreader
Expert in: Marketing, Human Resources, E-Commerce
Hire an Editor
Matt Hamilton Writer
Expert in: Marketing, Macro & Microeconomics, Management
Hire a Writer
preview essay on Strategy and Marketing
  • Pages: 5 (1250 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Undergraduate
WE CAN HELP TO FIND AN ESSAYDidn't find an essay?

Please type your essay title, choose your document type, enter your email and we send you essay samples

Contact Us