Business Finance - Management Week 3 Assignment- Marketing for Competitiveness
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Week3AssignmentInstructions-MarketingForCompetitiveness.docx
Week3LearningResources-MarketingforCompetitiveness.docx
Week3AssignmentInstructions-MarketingForCompetitiveness.docx
Marketing for Competitiveness
Week 3 Assignment
Marketing Strategies to Influence Buyer Behavior: Marketing in the Technological World
For this Assignment, you will continue to act as the director of marketing for a company and will provide an analysis of how you would promote your products and/or services to a specific demographic target market using social media marketing strategies. In Weeks 1 and 2, you submitted presentations on incorporating the consumer, as well as incorporating product and service innovation. This week, you will create and submit a presentation on incorporating marketing in the technological era.
With those thoughts in mind, continue using the particular industry and specific target market that you selected in Week 1. Using that information, you will continue to analyze the use of social media marketing strategies to reach that target market and influence buyer behavior. To showcase your analysis, you will create a PowerPoint slide presentation, along with a written script (in the Notes section of the PowerPoint) that you would use to give your presentation. As you develop your presentation, be sure to include specific examples where applicable, as well as relevant citations from the Learning Resources, the Walden Library, and/or other appropriate academic sources.
To prepare for this Assignment:
· Download the Week 3 Assignment Template.
Submit your presentation and accompanying script in the Notes section of each slide. Be sure to fully address the following in approximately 5–7 slides, excluding references:
Incorporating Marketing in the Technical Era
· Analyze how social media marketing can empower a marketing strategy, including the benefits and potential risks (if any) of using this type of marketing.
· Explain how search and content marketing can promote an organization and its products/services.
· Examine the pros and cons of traditional and content marketing.
· Using the examples of organizations you identified in Week 2, analyze the effects of marketing insights and how they impact each organization’s marketing practices and strategic advantages.
· Specifically (for each example), in what ways does/did the marketing practices enable the organization to take advantage of strategic opportunities, have an impact, and/or achieve or maintain a competitive marketing advantage?
Week3LearningResources-MarketingforCompetitiveness.docx
Marketing for Competitiveness
Week 3 Learning Resources
Search and Content Marketing
Searching is a key term in marketing, and we technically use the term “search engine optimization,” or SEO, when referring to search marketing. SEO refers to the technical process of increasing the quality of traffic and attracting maximum visitors to your website. On the other hand, content marketing is focused on using valuable and relevant content to drive profitable customer or client action. Marketers believe SEO without content marketing is like a body without a soul. Through these resources, you will consider how these two components of marketing support each other.
· Content Marketing Institute. (2016, March 4). Mastering content marketing - The content marketing spectrum Links to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=fGXomF29tQU
· Dever, S. (2016, January 21). How mobile geofencing can help your business grow locally Links to an external site. . Forbes. http://www.forbes.com/sites/theyec/2016/01/21/how-mobile-geofencing-can-help-your-business-grow-locally/#6759acaca0a1
· Digital Garage. (2015, September 30). Search advertising vs. display advertising Links to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=PYIFeysgXco
· Emerald Works Limited. (n.d.). What is content marketing? Make powerful connections with customers Download What is content marketing? Make powerful connections with customers . MindTools. https://www.mindtools.com/community/pages/article/content-marketing.php MindTools.com. What Is Content Marketing? Make Powerful Connections With Customers. Management Training and Leadership Training - Online. https://www.mindtools.com/community/pages/article/content-marketing.php Reprinted by permission of Mind Tools Ltd. via the Copyright Clearance Center. Licensed in 2021.
· Orbit Media Studios. (2017, November 27). Content marketing explained in 180 seconds Links to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=TH8CWIn7bzk
Marketing Insights
Simply put, a market insight is the discovery of a relevant, actionable, and previously unrealized reality about a target market as the result of deep, subjective data analysis. In other words, the best market insights offer value for both the seller and the companies in need of the innovation. Let’s look at what insights do in terms of marketing. Insights reveal more about how people want to feel than what they think. For example, brands built on insights about desired (aspirational) lifestyles include Nike, Starbucks, Apple, BMW, Martha Stewart, Oprah, and more. People buy brands that fit the life they want to lead. These marketing insights are often concrete, descriptive, and easy to understand.
· Braddock, R. (2018, June 14). To compete with Amazon, big-name consumer brands have to become more like it . Harvard Business Review Digital Articles , 2–5. http://hbr.org
· Google. (2016, December). Turning marketing insights into action .Links to an external site. Think with Google. https://www.thinkwithgoogle.com/marketing-strategies/data-and-measurement/marketing-insights-customer-experience/
· Keane, L. (2019, January 18). 10 ad campaigns inspired by powerful consumer insightsLinks to an external site. . GWI . https://blog.globalwebindex.com/marketing/powerful-consumer-insights/
· Macdonald, E. K., Wilson, H. N., & Konus, U. (2012, September 1). Better customer insight—in real time . Harvard Business Review , 90 (9), 102–108.
Marketing Data and Analytics
When you hear the term data analytics , what comes to mind, and how do you think this concept applies in marketing? There is a lot of debate surrounding the topic of personal data and how it is shared and used by companies, but companies can be much more effective in their marketing efforts by utilizing the tool. Using these resources, you will explore data analytics and their role in marketing.
· The Business Professor. (2021, February 9). What is marketing analytics? Links to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=EM6ZRcfadjE
· Hudson, E. (2021, July 1). How to blend web analytics and digital marketing analytics to grow betterLinks to an external site. . HubSpot . https://blog.hubspot.com/marketing/digital-marketing-analytics
· MTS Staff Writer. (2020, April 2). MarTech primer: Types of marketing data Links to an external site. . MarTech Series. https://martechseries.com/analytics/b2b-data/types-marketing-data/
· Multiview. (2020, January 29). The importance of big data & analytics in marketing Links to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=kblH-9QrRzU
· Vianna, M. (2021, August 30). 5 ways brands underutilize data analyticsLinks to an external site. . Datamation . https://www.datamation.com/big-data/5-ways-brands-underutilize-data-analytics/
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