Category: Chapter 3 – Elements of Marketing Strategy, Planning, and Competition

Chapter 13 - Advertising; Sales Promotion; and Public Relations by marketingmanagement4e
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The Olympics: Crafting a Gold-Medal Marketing Strategy for Paris 2024

The Olympics is one of the most prestigious and widely viewed sporting events in the world, captivating billions of viewers across the globe. For marketers, the Games present a unique opportunity to connect with a vast, diverse audience. However, with this opportunity comes the challenge of developing a marketing strategy that not only resonates with this global audience but also aligns with the values and spirit of the Olympics. The 2024 Paris Olympics, with its emphasis on sustainability, innovation, and cultural celebration, offers a particularly compelling stage for brands to showcase their creativity and commitment to global values [1].

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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Marketing the Unknown: The Surprise Trip Trend

With the COVID-19 pandemic preventing opportunities for travel, the travel and tourism industry has seen the rapid emergence and growth of several travel trends as people can now follow-through on their vacation dreams and book trips. These trends include traveling to see a concert, making more sustainable vacation choices, and looking for unique, once in a lifetime trips as opposed to more common and mainstream tourist destinations. This last trend has led to an increase in “surprise travel”.

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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Marketing With a Message: Certified B-Corporations

In today’s business environment, there has been an increase in the number of businesses who have become Certified B-Corporations, or B-Corps. In order for a B-Corp to be successful in fulfilling its specific social and environmental missions, they must also be successful in turning a profit. And in order to attract investors, customers, and other important partners, a B-Corp must have a strong marketing team to convey what differentiates their business from other for-profit competitors.

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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Should Target Audiences Be Niche or Broad: Movie Musicals 

In today’s competitive media market, entertainment companies seek to utilize existing intellectual properties that already have a proven and dedicated audience, and then expand those stories and characters, for example, through sequels, remakes, or TV show spinoffs. Another example of this strategy that has been gaining popularity, is taking popular Broadway musicals and turning them into movie musicals. Despite many of these Broadway musicals having passionate fanbases, these movie musical adaptations of the past decade have been met with mixed reviews and varying levels of success.

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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Marketing Through Experiences: Music Festivals as a Marketing Tool

Current disengagement and uncertainty with indirect, mass media marketing is leading towards many companies incorporating event marketing and experience-based marketing as part of their strategy. This is especially pertinent to companies who want to capture the millennial and Gen Z audiences, as these demographics have proven to respond better to experiential marketing over traditional marketing techniques. One big example of this can be seen with music festivals and concerts, as recent studies have shown that billions of dollars are spent annually by brands on advertising their products at music festivals.

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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Staying Relevant Amidst an Ever Changing Market

For marketers, there is one important question that is constantly on their minds: how do we stay relevant?Relevancy is paramount to a company’s success. If an organization is no longer relevant, it is no longer on the forefront of consumer’s minds. In today’s competitive business environment, customers can only realistically choose between so many options.

Chapter 1 - Marketing in Today's Business Milieu by marketingmanagement4e
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The Evolution of Summer Blockbusters’ Marketing Strategy

Summer has always been an important season for the entertainment industry, specifically in regard to movies. The summer box office season, which begins in May and lasts through early September, sees the highest number of blockbuster movies be released into movie theaters, as all major studios strategically send the movies that they think will draw the highest number of people to theaters and, therefore, gross the most money. These summer blockbusters tend to rely on some form of recognizable namesake to draw viewers; for example, the name of an A-list actor starring in the cast, the name of the movie being associated with a successful or nostalgic franchise, or the name of the studio being enough to draw fans of that brand to see their newest work.

Chapter 3 - Elements of Marketing Strategy, Planning, and Competition by marketingmanagement4e
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What Does It Take to be a CMO?

The role of chief marketing officer is a juggling act of managing employees, understanding fast-paced socioeconomic, political, and technological changes, and driving measurable contributions to company profit, among other responsibilities that can affect a firm and its relationship with customers. This position provides leadership to marketing teams as well as strategic marketing direction for an entire firm. CMOs are always adapting, a trend that will likely continue into the future.

Chapter 13 - Promotion Essentials: Digital and Social Media Marketing by marketingmanagement4e
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The Subscription Bandwagon

The relationship between brand and customer relies on the value that brands create. And marketers are always looking for ways to prove that their products and services are valuable enough to purchase. What do customers gain from my brand, and how can I show them we are worth the investment? Subscriptions allow brands to provide customers with their products and services on a regular payment and delivery schedule. Newspaper deliveries or streaming services like Netflix might come to mind when you think of subscriptions. But really, everyone from airlines to social media platforms are giving subscriptions a try.

Chapter 13 - Promotion Essentials: Digital and Social Media Marketing by marketingmanagement4e
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Jazzed Up Bubbles

Celebrity endorsements have been around for as long as the concept of celebrity has existed. Consider PepsiCo’s newest brand of sparkling water, Bubly. In 2019, the company contracted with Michael Bublé for a series of advertisements where he plays with the Bubly/Bublé relationship, insisting that the water’s name is pronounced “boo-blay,” like his last name. The Bublé/Bubly partnership applies a number of essential items for a successful celebrity endorsement.