Marketing Communication Research Paper Example | Topics and Well Written Essays - 1500 words

selling Communication - Research write up ExampleThe researcher states that some of the main benefits of an effective market campaign include market penetration, change magnitude market share, increased market share, increased competitive advantage, and increased awareness among customers about the products of the company. However, in all(prenominal) marketing campaign, managers need to focus on finding an appropriate marketing mixture in drift to make the campaign successful and profitable for the company. In this, we will discuss the importance of the role of the marketing mix components in the success of affaires operating in todays competitive business environment. murder of an effective marketing communication platform and taking steps to monitor the actual performance of the plan are of significant value for any company to succeed in a competitive business environment. In order to successfully monitor and control the working of the marketing communication plan, compa nies use the marketing mix as one of the main marketing tools. As Belohlavek states, The objective of a marketing mix is to establish the successive and simultaneous actions to influence the consumers or users purchasing close. Finding the right marketing mix holds the central value for the success of any marketing campaign. Marketing mix helps managers in determining the best way to market their products and services. As Varey states, The marketing mix is seen as a collection of tools to be used to elicit desired responses from target markets. It helps a company in finding the target market, as well as in determining the price of the product by considering various external business factors, such as the price existence erected by competitors, similar products being offered by competitors, and buying the power of people living in any specific geographical location. straitlaced analysis or evaluation of all components of the marketing mix, which include price, stupefy, product, and promotion, plays a key role in making the marketing plan successful for the company. As McDaniel and Gates state, The mix is the unique blend of product, price, promotion, and place (distribution) designed to reach a specific group of consumers (3). Companies usually develop their marketing strategies depending on the involve of the public and the market in which the product is to be placed. In high schoolly competing firms, such as electric cell phone and automobile companies, the strategy regarding use of the marketing mix components does not remain the same forever. Managers of such companies review and change the nature of their marketing strategies continuously depending on internal and external business environments. For high profile brands, companies usually focus more on the promotion component of the marketing mix alternatively of price. Similarly, for a product which is to be placed in a market where there is a chain reactor of competition, the company focuses more on price instead of promotion because customers like to buy products of such companies that offer superior quality at a relatively low cost. Managers of high profile companies also contemplate their marketing mix frequently in accordance with the level of customer acceptability regarding their product in order to make the required changes in the marketing strategies if needed.