Wednesday, January 1, 2020

Marketing Management Integrated Business Operations Essay

New Zealand National College Diploma in Business Management Level 6 Franchising and Marketing Management Unit Standard 6412 Submitted By Gaganbir singh Nd15344 Task 1 Question 1: Key franchise types and examples Integrated business operations: this type of franchise is usually called a regional developer. The main difference is that the master franchisee, in this type of franchisee the parent or master franchisee is paid with royalty by all the current franchisees. This also adds into the income coming from the sales and distribution of the products in the area. Master franchise are most likely to sell fast as they are source of various ways of revenue generation and the money invested will be covered very quickly. Single product or service operations: this type of franchise is suitable for the new starters. The franchisee of this type will only be accountable for operating only one unit. In this type of franchisee the unit franchisee will cover a said area of and in miles or kilometres. This type is considered good for beginners as there is low investment required and this type of franchisee always make good income. Manufacturing and wholesale Manufacturer- in this type of franchisee the franchisor give rights of manufacturing to the whole-seller which means the franchisor will provide the raw material and trademark copyrights to the manufacturer and manufacturer will do all the packaging, marketing, promotion and distribution all of his own. Manufacturing andShow MoreRelatedBusiness Opportunity Analysis to Solve a Business Problem With the Help of Technology1685 Words   |  7 PagesAbstract This paper presents a business opportunity analysis to solve a business problem with the help of technology. The business problem identified in the paper is the decreasing return on marketing investment (ROMI) due to competition, inefficient customer services, and lack of innovation. The technological solutions proposed in the paper are new product development and innovation, integrated marketing management, and enterprise resource planning. After evaluating the merits and demerits of theseRead MoreLogistics And Supply Chain Management1033 Words   |  5 PagesLogistics and supply chain management is an important aspect of a firm’s strategy for the business to achieve success by creating value throughout the logistics and supply chain. The research paper will outline the concepts that are involved in creating the logistics and supply management framework. The logistics and supply chain management strategies will drive success for the company towards fulfilling and supporting customer needs, procurement and manufacturing operations of the firm. This researchRead More Methods of Business Research Essay1010 Words   |  5 PagesMethods of Business Research According to the American Marketing Association, marketing research is the systematic gathering, recording, and analyzing of data about problems relating to the marketing of goods and services. Marketing research is not a perfect science. It deals with people and their constantly changing feelings and behaviors, which are influenced by countless subjective factors. To conduct marketing research you must gather facts and opinions in an orderly, objective way toRead MoreWhy Use Enterprise Management Systems?1141 Words   |  5 PagesWhy Use Enterprise Management Systems? Organizations today all consist of three main functions. These functions include marketing, operations, and financial accountability. Marketing generates the demand through the promotion or sale of a product or service. The operations are the backbone of any organization, which involves the creation of the product, the movement of the product, and final delivery of the product. The financial accountability is, ultimately, how the organization is doing financiallyRead MoreLeading For Success : Two Companies Approach1589 Words   |  7 Pagesnew leadership. Leaders drive organizations, set the tone, establish culture and are ultimately accountable for organizational performance. People lead the way to successful operations. Without the right people a business is just walls and capital equipment incapable of generating value. People are the brains of an operation, ensuring the rest of the body understands the response required to function. The importance of putting the right person in the right position can prove a daunting task. EveryRead MoreManaging A Business Model : Porters Five Forces1524 Words   |  7 Pagesdevelopment of an integration strategy. A thorough analysis can isolate attractive opportunities in support of building a profitable business model. These strategies can leverage vertical and/or horizontal integration of new business entities. These entities are designed to help with growing market share, increasing efficiencies and/or reducing costs. Online business using the internet has experienced significant growth over the last two decades. According to the Internet World Stats (2014) theRead MoreZara Is Supporting The Business1309 Words   |  6 Pagesa) How do you think IT/system infrastructure and IT strategy at Zara is supporting the business? Information Technology is the core of Zara’s business model. Zara currently uses the point of sale (POS) as one of the infrastructure based upon DOS which Zara is the only customer. DOS system is simple, user-friendly and it gives no problem at all. It allows Zara to have a responsive and integrated supply chain to gather information from the market in order to allow them to make quick decision, productionRead MoreCustomer Relationship Management and Sales Force Automation1735 Words   |  7 Pages1. How is e-business â€Å"redefining old business models, with the aid of technology, to maximize customer value? e-business is more than just buying and selling of products and services through the means of digital media. Whereas e-commerce concentrates on buying and selling, e-business encompasses e-commerce and a whole lot more. For example, e-business includes both front – and back-office applications that form the engine for modern business. e-business is redefining old business models throughRead MoreAn Integrated Approach to Business Studies by Bruce R. Jewell1757 Words   |  7 PagesPrinciples of Management Book: An Integrated Approach to Business Studies, 4th Edition Author: Bruce R Jewell Management is a process of attaining organisational goals in a efficient and effective manner by planning, organising, leading and controlling organisational resources. This book seeks to clarify that everyone is a manager regardless of the specified job or function being undertaken. Therefore the book divided the organisation into its main functions typical of every firm, that is, business organisationRead MoreMarketing Is Defined As A Social And Managerial Process1584 Words   |  7 PagesIntroduction Marketing is defined as â€Å"a social and managerial process whereby individuals and groups obtain what they need and want through creating and exchanging products and value with others† (Valenzuela 2013, p. 2). This definition highlights the concepts of the markets; transactions and relationships; exchanges; customer value and satisfaction; products; wants and demands; and customer needs (Valenzuela 2013). Needs denote the state of deprivation felt by the customer in terms of things such

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.