Topic 1: Social Listening
The
brand selected in this case is Apple, which is considered as the most valuable
brand in the world. Its value proposition involves the use of its brand to
enter into competitive markets both locally and internationally to sell its
products that have significantly evolved. Its key competence is based on
delivery of exceptional customer experience through excellent user interface.
According to most of the customers,
one positive thing about Apple is that it is the largest and the best mobile
device company in the world. This fame was achieved after it changed its name
from Apple Computer to Apple Inc. with the objective of showing that it does
not only produce computers but other products as well (Mooij54). The second
positive thing is that it produces less complicated mobile devices as compared
to other competing firms. Moreover, its strategy is focused on emotions. The
brand personality revolves around hopes, dreams, innovation, and aspirations (Mooij78).
For instance, people using Apple products often become emotionally attached to
the products since they are humanistic and have a heartfelt connection with the
customers.
The aspect that relates to marketing
is the idea of advertising innovative products to its customers who are spread
all over the world. One challenge faced by the brand is the increased level of
competition caused by the introduction of new competing firms producing innovative
and competitive products (Mooij 98). However, Apple has always responded by
producing new products to counter those of its rivals. Arguably, it would be
advisable to design ways of attracting new customers while retaining the
current ones. This strategy involves giving discounts and incentives to loyal
customers thereby making them feel appreciated and improving the level of
attachment between them and the company.
Topic 2: Marketing in the News
In the article titled Coke
Replaces 'Open Happiness' with 'Taste the Feeling' In Major Strategic Shift,
Schultz highlights changes in advertising by Coca-Cola company. The key
objective of the modification was to improve its brand image. Marco de Quinto,
the new global marketing officer’s aim is to switch from the old global
campaign through the launch of a new advertisement named Feeling the Taste in Paris (Schultz 1). It is expected to reach
clients in more than 200 economies. Therefore,
the firm anticipates a cut-down on its marketing cost by merging the ads for
Coke Zero and diet coke, along with other brands.
The challenge addressed
by the manager is the idea of focusing on the product rather than the brand
through changing the ad message. Considering that Quinto consulted other key
stakeholders who have given him their backing, the project becomes noble. Apart
from giving the challenge a good response, there is a high chance that the
marketing approach will be successful. The value proposition for the brand is to
enhance an emotional attachment between the customers and the company. There is
a close focus on Diet Coke and Coke Zero, along with other brands (Schultz 1).
Through the new ad, the firm wants to communicate to all clients that Coke is a
brand for everyone. Through that, the manager hopes to increase the sales and
revenue volume during his tenure as the marketing chief.
Among the issues learned
that could be applicable include the importance of paying close attention to a
brands performance, consulting, and coming up with a new marketing strategy to
enhance the firm’s economic motive. De Quinto analyzed the previous ads and
realized that it was necessary to come up with an ad that will focus on the
brand. Through his leadership approach, he has won the backing of other senior
employees who expect the new ad to improve the company’s competitive advantage.
Works Cited
Schultz,
E.J. “Coke Replaces 'Open Happiness' with 'Taste the Feeling' In Major
Strategic Shift’”. Adage.com.
2016.
http://adage.com/article/cmo-strategy/coke-debuts-taste-feeling-campaign-strategic-shift/302184/.
Accessed 18 January 2018.
Mooij, Marieke K. Global Marketing and
Advertising: Understanding Cultural Paradoxes. Thousand Oaks, Calif: SAGE, 2014.
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