Marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Posted by Zander Henry on Aug-22-2018

1. The vision of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The vision of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is to be the leading quality service and product provider for customers. Being the best and the leading player means that Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy and operations focus on:

  • Providing high quality of products and services
  • Providing value to customers
  • Concentrate on building customer experience

2. The mission of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy is grounded in its mission. The mission for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is to be the favorite brand of the customers. This mission is essential for the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson as it focuses on all operations and marketing activities in the direction of:

  • Consumer centrism
  • Using research to understand and influence consumers

3. Brand Equity of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Understanding and knowing the brand equity is vital for directing and giving meaning to the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson. The knowledge of brand equity will help in shaping Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy effectively – thereby facilitating the growth of business for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson.

3.1. Brand awareness

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has high brand awareness because of international operations
  • The company focuses on higher budget allocation in the country of origin
  • Each market for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has modified marketing and strategic directives and plans

3.2. Brand association

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is directly associated with the brand name and product category
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a broad product portfolio
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is associated with promising and delivering quality and innovative products
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is also associated with excellent customer service

3.3. Brand loyalty

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has been successful at gaining high consumer loyalty because of unique and influential marketing strategy
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a global customer base
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson keeps adding value addition to the products and product portfolio to keep consumers engaged

3.4. Brand asset

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a substantial brand value
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also enjoys the high financial worth
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on building a reliable and robust employee base

3.5. Brand element

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson uses the brand element as a means of competitive advantage
  • Uses adaptability in product, services, and marketing to meet different cultural demands

4. Situational Analysis of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The situational analysis will help in developing the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson by conducting a thorough market analysis. This market analysis will aid in understanding the compatibility between external opportunities and other factors, and internal strengths – to be used to maximize the marketing influence of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson.

4.1. SWOT

4.1.1. Strengths

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy can benefit from the following internal advantages:

  • Strong brand image
  • Global distribution network
  • Investment in market research
  • Innovation

4.1.2. Weakness

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson faces challenges in marketing strategy because of the following weakness:

  • Slow organizational processes
  • High product prices

4.1.3. Opportunity

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has the following possibilities of business growth:

  • Green lifestyles
  • Regional expansion
  • Diversification

4.1.4. Threats

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson faces business threats because of the following factors:

  • Increased competition
  • Increased imitation

4.2. PESTEL

4.2.1. Political

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson operates I markets with political stability
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has funding support from the government for small businesses

4.2.2. Economic

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson enjoys high sales because of higher GDP
  • Lower interest rates make business expansion and loaning easier for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson
  • Low inflation strengthens the financial position of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

4.2.3. Social

  • Higher education and awareness increases sales of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson predict
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on understanding consumers and fulfilling their demands through its offerings

4.2.4. Environmental

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has an active CSR program
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson ensures environmental safety in all its operations

4.2.5. Legal

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is aware of local and global laws of business and human resource management
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson abides by all statutes – especially labour law, discrimination law, and employee safety laws

4.3. Porter’s Five Forces

4.3.1. Threat of substitutes

  • High risk of replacements
  • Substitutes offer similar products at low prices

4.3.2. The threat of new entrants

  • New entrants need high financial investment
  • New entrants need updated technology for keeping par with industry progress

4.3.3. Bargaining power of buyers

  • Sales made to end consumer directly
  • Stocking of products at retailers, as well as own-controlled retail outlets

4.3.4. Bargaining power of suppliers

  • Multiple suppliers of raw materials
  • Suppliers are chosen after careful inspection, and through contracts

4.3.5. Industry rivalry

  • High industry rivalry
  • Players offer similar products
  • Players compete through marketing to influence consumers

5. Marketing Objectives for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson: The Marketing Strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy has the following objectives for the current financial year:

5.1. Increased market penetration

  • Increase top of mind recall for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson brand and products by 30%
  • Increase sales for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson by 40% by the third quarter of the financial year
  • Achieve a trial rate for new products of 10% during the first quarter of the launch
  • Increase consumption rate of existing products by 45% during the current financial year

5.2. Enhanced brand recognition

  • Increase top of mind recall by 65% during the current fiscal year
  • Increase brand recognition by 80% during the first two quarters of the current financial year

5.3. Increased use of digital marketing

  • Acquire 25,000 new online customers during the financial year
  • Increase website traffic through using blogging and email tactics effectively by 505 during the first two quarters of the year
  • Acquire 65,000 likes on the official Facebook page of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson during the first quarter of the financial year

5.4. Retail Growth

  • Contract with five more leading supermarkets in the first quarter of the year to stock product at eye level shelving
  • Contract with two leading online retail sites – eBay and Amazon – to stock our products, and increase accessibility for consumers globally by the second quarter of the financial year

6. Segmentation of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy uses different means of segmentation to reach an increase in market penetration.

6.1. Demographic segmentation

6.1.1. Age

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has consumers of age groups

  • 20-45 years
  • 45-60 years

6.1.2. Gender

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a broad product portfolio for both males and females

6.1.3. Life-cycle stage

Consumers for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson, according to the marketing strategy, are in the following various life cycle stages:

  • Single students
  • Single graduates
  • Single people living at home/not living at home
  • Young couples without children
  • Married couples with one to four children – all at home
  • Married couples with one or two children in college
  • Old married couples with an empty nest

6.1.4. Occupation

The marketing strategy devises the following occupations for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson consumers:

  • Professionals
  • Students
  • House makers

6.2. Psychographic segmentation

6.2.1. Social class

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on segments of middle-upper and upper social classes

6.2.2. Lifestyle

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson consumer segments have the following lifestyle characteristics:

  • They aspire towards a better and higher living standard
  • They want to be successful – professionally and socially
  • They are not hesitant to try new things, products and services in life
  • They are confident in their behaviour and attitude
  • They are mainstreamers in their fields

6.3. Geographic segmentation

6.3.1. Region

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has operations spread across the western developed countries such as America, the united kingdom, and the Netherlands
  • It also has operations in emerging markets such as Brazil, India, and China

6.3.2. Density

  • The focus of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson remains on the urban part of the population

6.4. Behavioural segmentation

6.4.1. Personality

The marketing strategy defines personality characteristics for the consumers of the brand of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson, such as:

  • Determined
  • Confident
  • Ambitious
  • Hardworking

6.4.2. Usage frequency

  • The consumer segments for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson are regular and frequent users of the product

6.4.3. Benefits sought

  • Consumers seek functional benefits
  • The focus, however, is more on the emotional benefits reaped from the consumption of the brand

6.4.4. Degree of loyalty

  • Consumers are very loyal
  • Have an emotional attachment with the brand

7. Targeting of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson Positioning of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson targets consumer groups based on segmentation as follows:

7.1. Target market

  • The target market for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is from middle to upper class
  • The target market is ambitious and desires to purchase high-end consumer products
  • This target market also seeks affordability
  • To meet target market expectations, the Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on quality control

7.2. Mass marketing

  • The marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on mass marketing
  • This also requires unique marketing designs and product promotion programs
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes use of one strategy to influence all segments

7.3. Undifferentiated marketing strategy

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson does not differentiate between market segments
  • It uses a single marketing strategy to target all segments and consumer groups
  • Based on this, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also created the marketing mix under the marketing strategy as a singular one for the whole market – regardless of the segmentation divides.

7.4. Focus on quality

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has created, developed, and maintained a brand that satisfies all consumers under the undifferentiated marketing strategy and mass marketing
  • No compromise on quality has been made in the broad product portfolio
  • To ensure the influence of a single marketing strategy, the Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has also adopted a consumer-centric approach in its overall marketing strategy and operations as well
  • This was used for targeting strategy as well as for maintaining growth

8. Company Competitive Advantage in the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson stands out from the clutter and competition. Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has also achieved a sustainable competitive advantage in its marketing strategy. This is because of the following factors that Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has utilized:

8.1. Cost-effectiveness

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on reaching consumers effectively rather than grandeur
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on developing an integrated marketing approach
  • The use of digital marketing efficiently and expertly has helped the company reach a wider audience at a lower cost
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has in-house copywriters for marketing campaigns which also helps in controlling costs
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also focuses efforts on ground activities – which are less expensive than commercial marketing tactics

8.2. Innovation

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has stayed updated with latest developments in marketing research and marketing knowledge
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes use of new and innovative tactics to reach its target consumers
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also employs top of the field marketers to facilitate its marketing strategy and promotional campaigns
  • Each marketing campaign launched by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is effective catchier and more influential than the previous one

8.3. Strong market research and consumer understanding grounded

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy is strongly grounded in consumer and market research
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes informed marketing campaigns and goals based on consumers’ behavioural feedback
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also incorporates consumer feedback in its marketing strategy
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy is based on market trends, and consumer needs and wants

8.4. Making effective use of emotional appeals

  • Consumers’ emotional needs strongly influence all marketing objectives and marketing goals set by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson
  • In addition to fulfilling functional needs, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also tries to fulfil the emotional and psychological needs of the consumer
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson tries to build a strong emotional bond with the consumer, which also results in high consumer loyalty

9. Distribution Strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy highlights the use of the following distribution strategy to maximize reach and accessibility for consumers.

9.1. Intensive distribution strategy

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes use of intensive distribution strategy because it is mass marketing
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson’s marketing strategy is based on undifferentiated segments, and thus an intensive distribution strategy allows high penetration and reaches in the overall market
  • With the use of the intensive distribution, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson tries to maximise its coverage of the markets where it's present
  • For achieving the intensive strategy, the company uses hardcore 360-degree integrated marketing strategy and campaign to reach all consumers, across all segments in the market.

9.2. Direct distribution strategy

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson uses direct distribution country of origin as well as in locations where it has subsidiary operations
  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also makes use of modern retailing channels
  • Also, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes use of e-commerce and makes a sale through online retailers, as well as through the company website
  • Direct distributions have allowed Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson to increase market penetration and accessibility for consumers

9.3. Indirect distribution strategy

  • This strategy is largely used for offshore operations where the Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson does not have a subsidiary
  • In these offshore locations, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson largely works through the export model
  • This makes use of several intermediaries in between, before the product by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson reaches the target consumers
  • Intermediaries for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson include not only the end retail outlets, but also sales agents, retail agents, and distribution agents in offshore locations

9.4. Selective distribution strategy

  • For some products of its portfolio which are premium in nature, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson makes use of selective distribution channel
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has maintained a few outlets in the country of origin, and in selected offshore markets for these products
  • These placements and locations are chosen based on the niche market that Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has for its premium products
  • These locations, placements, and marketing strategy helps make the company’s product selectively, but readily accessible for its niche target audience

10. Competition Analysis in the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The industry in which Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson operates is very responsive to market and consumer trends. Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson, therefore, needs to be vigilant in its market strategy towards competition – to make sure that it maintains its competitive advantage.

10.1. Strategic Group Analysis

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson competes with direct and close competition based on quality and price
  • Consumers choose between different companies from the industry based on their functional offering
  • Consumers have progressively evolved to strengthen loyalty and form an emotional bond with products that they consume
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also competes, thereby, with close competition for building stronger brand image, increasing consume loyalty, and for forming strong emotional ties with the consumer

10.2. Industry rivalry

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson experiences high industry rivalry
  • The barriers to entry for the industry are low, and new entrants gain easy access in the industry
  • The number of local as well as global players is increasing

11. Marketing mix of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

The marketing mix for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson as per the marketing strategy is the following:

11.1. Product

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a broad product portfolio
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson provides mass marketed products for all segments across the market undifferentiated
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also provides some selected, premium products to niche customer groups
  • All products in the portfolio consistently maintain high quality
  • All products are tailored to meet consumer specifications, demands and needs across different regional markets
  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson maintains a high focus on innovation in products and introduces new products frequently to keep the consumers engaged

11.2. Place

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson wants to have a close, emotional and personal relationship with its consumers
  • The company maintains high control in its distribution strategies – especially through direct distribution strategy
  • The company has a presence in leading supermarkets
  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also has company-operated stores in malls, and otherwise to make products accessible to consumers easily
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also makes use of e-commerce to increase penetration and sales

11.3. Price

  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson prices its products so that its target consumers can afford it easily
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson uses relative pricing strategy for its products
  • The price of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson’s products include not only the high quality raw materials and value additions but also the enhanced customer experience they deliver
  • The company’s pricing strategy allows it to enjoy stable revenue and profit growth

11.4. Promotion

  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a high budget allocated towards marketing activities
  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson invests substantially in digital marketing activities to reap high and effective results
  • Use of digital marketing has also allowed Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson marketing strategy to cap costs and expenses
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also takes part in direct consumer engagement through on-ground activities where the company initiates trials
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also invests in traditional media channels to reach maximum consumers in the market

11.5. People

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson has a large workforce across different companies
  • This workforce is continually trained to become experts in their respective fields of operations
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson hires without discrimination
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson ensures that its employees remain motivated through building an inspirational and creative organizational culture
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson focuses on also building and maintaining organizational commitment and loyalty in its employees

11.6. Process

  • All activities at Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson - from raw material procurement to the final sale to the end consumer - undergo systematic processes
  • The processes at Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson are well defined, and well communicated to all employees
  • All employees are trained to follow the processes internally to ensure consistently high quality as well as timely production and deliveries
  • The systematic processes also ensure a smooth running of operations at the Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

11.7. Physical evidence

  • The physical evidence for Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson includes the company logo, company store designs, and the product packaging
  • Satisfied and excited customers in the retail spaces of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson, as well as during product consumption create a bubbling and an inviting atmosphere
  • The e-commerce website for retail by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson is also designed with a friendly customer interface to allow maximum interaction with the brand
  • The store designs created by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson for its retail space allow consumers maximum interaction with the products directly.

12. Promotional tactics for the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

12.1. Digital marketing

  • The company uses social media for reaching consumers effectively
  • The Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson interacts with the consumers directly, and engages with them, answers their queries and takes their feedback
  • The company also shares information and build relationships with consumers through digital marketing
  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson also makes use of blogging, emails, and content creations as a means of digital marketing

12.2. Conventional marketing

  • The company uses a 360-degree approach in its marketing strategy
  • This means that the company makes use of traditional marketing channels as well – such as TV, magazine adverts, and out of house placements

12.3. Influencers

  • For direct, on-ground engagement, the company uses influencers
  • Influencers interact with consumers directly, or through their channels of communication as a means of content creation and endorsing the Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson brand

13. Monitoring and evaluation of the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

13.1. Changes in sales

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson regularly tracks its sales to identify the effectiveness of its marketing strategy
  • Increase in sales reflect the success of marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson
  • Sometimes, Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson experiences increase ins ae after some time of the launch of the marketing promotions

13.2. Surveys and focus groups

  • Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson frequently conducts focus groups and surveys to identify its brand worth
  • These methods also help the company identify brand value, brand recall, and brand recognition
  • Focus groups allow Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson to gather feedback on its marketing strategy and helps it understand consumers better

13.3. ROI

  • Effectiveness of marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson can also be seen through the revenue and profit growth
  • Return on investment allows Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson to effective gauge the effect and influence of the marketing strategy, and measure its success

13.4. Attainment of marketing objectives

  • All marketing objectives set by Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson are SMART
  • The quantitative set against each of the marketing objective can facilitate attainment evaluation for the overall marketing strategy
  • Successful and timely attainment of these marketing objectives highlight the success of the marketing strategy of Baring Brothers Co Technical Note on Rogue Trader Nicholas Leeson

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