Marketing Mix Of Denise Di Novi Movie Producer

Posted by Zander Henry on Aug-22-2018

1. marketing mix

1.1. Understanding the marketing mix

  • The marketing mix is an important set of marketing tools and characteristics that a firm uses to increase penetration in the target market groups
  • Using the marketing mix strategically includes focusing on seven important aspects of marketing and branding for an organization, namely: product, place, price, promotion, people, process, and physical evidence

1.2. Importance of marketing mix

  • The marketing mix helps a company choose and decide on a suitable marketing strategy
  • The marketing mix also helps a company in resource and budget allocation to different aspects of the marketing strategy and product development
  • The marketing mix also allows a company to choose the right and effective marketing tactics for its promotional needs

2. Marketing mix for Denise Di Novi Movie Producer

Denise Di Novi Movie Producer makes use of the marketing mix strategically to achieve not only the marketing objectives but also the broader organizational objectives.

Marketing Mix Denise Di Novi Movie Producer is presented below:

2.1. Product

Product is one of the most important components of the Denise Di Novi Movie Producer Marketing mix. The distinctive characteristics of the product by Denise Di Novi Movie Producer are:

2.1.1. Quality

  • Denise Di Novi Movie Producer maintains the high quality of products
  • High product quality is maintained by adding value during different stages of the value chain
  • Denise Di Novi Movie Producer procures raw materials from reliable and trusted suppliers only
  • These raw materials are processed under carefully maintained environments to maintain high and consistent quality of the products
  • High quality promise and delivery also provides Denise Di Novi Movie Producer with a distinctive competitive advantage

2.1.2. Ease of use

  • The products manufactured and sold by Denise Di Novi Movie Producer are relatively easy to use
  • All products come with a user manual, which is easy to understand and which provides simple instructions for product use
  • The consumers can also call the 24/7 helpline to understand details about product usage
  • Also, retail representatives provide detailed instructions and explanations regarding the use of the product at the time of the sale

2.1.3. Portfolio broadness

  • Denise Di Novi Movie Producer has a broad portfolio of products
  • The broad portfolio helps Denise Di Novi Movie Producer in reaching different target groups in the market
  • Also, the broad portfolio allows financial strength to Denise Di Novi Movie Producer
  • The broader product portfolio also adds more value for Denise Di Novi Movie Producer

2.1.4. Benefits of product consumption

  • Denise Di Novi Movie Producer offers functional benefits to consumers of the product use
  • These functional benefits are promised and delivered – however, they are also delivered by other similar products
  • The distinguishing aspect of Denise Di Novi Movie Producer is its delivery of emotional benefits to the consumer
  • Products manufactured and sold by Denise Di Novi Movie Producer promise consumers an ego boost, confidence, and security
  • Denise Di Novi Movie Producer also promises fulfilment of psychological needs on product consumption
  • These psychological needs include, for example, the need for empathy, the need for belonging, and the need of feeling loved.

2.1.5. Different SKUs

  • The products by Denise Di Novi Movie Producer are available in different sizes
  • Denise Di Novi Movie Producer has made use of different SKUs to increase market penetration
  • Different SKUs can be brought and used as per the consumption needs of the consumers, and the target markets
  • Through the production of different SKUs, Denise Di Novi Movie Producer has also increased the trial rate
  • Different SKUs have also helped Denise Di Novi Movie Producer improve its product accessibility

2.2. Price

Denise Di Novi Movie Producer marketing mix focuses on a hybrid strategy for pricing to obtain maximum value for its products. The marketing mix Denise Di Novi Movie Producer uses a combination of a number of techniques for pricing its products, which are detailed below:

2.2.1. Premium pricing

  • By using premium pricing for some of its product ranges, Denise Di Novi Movie Producer encourages favorable brand and product perceptions in target consumer groups
  • Premium pricing for products also encourages a favorable quality perception of Denise Di Novi Movie Producer products amongst consumers
  • With premium prices, Denise Di Novi Movie Producer has successfully also made some of its product ranges exclusive by restricting sales and production. This, in turn, leads to a perception g luxury in consumption products
  • Premium prices add a touch of privilege and high value in Denise Di Novi Movie Producer products
  • Using elements of premium prices in other product ranges has also allowed Denise Di Novi Movie Producer to maintain significantly high profits and a consistent business growth

2.2.2. Psychological pricing

  • Since Denise Di Novi Movie Producer has a number of different product ranges and product groups, the use of psychological pricing has been beneficial
  • With the use of psychological pricing, Denise Di Novi Movie Producer also successfully adds more value to its products from the point of view of customers
  • Denise Di Novi Movie Producer also gains higher sales with psychological pricing
  • Consumer purchase a higher amount of Denise Di Novi Movie Producer products because of its use of psychological pricing
  • Denise Di Novi Movie Producer is able to increase its target audience and broaden its target purchaser groups

2.2.3. Geographical pricing

  • Denise Di Novi Movie Producer is able to penetrate different regional markets optimally with the use of geographical pricing
  • For offshore locations, geographical pricing also allows Denise Di Novi Movie Producer to cover shipping and customs expenses
  • Geographical pricing also allows Denise Di Novi Movie Producer to maintain consistent revenue growth by altering pricing in different markets based on local currency value

2.2.4. Bundle pricing

  • For some product ranges, Denise Di Novi Movie Producer is also known to use bundle pricing strategy popularly
  • Denise Di Novi Movie Producer also uses bundle pricing during sales
  • Bundle pricing increases the trial rate for consumers
  • Denise Di Novi Movie Producer experiences higher return on the cost of gaining a new customer
  • With bundle pricing, Denise Di Novi Movie Producer is also able to control costs and prices by lowering marketing and distribution expenses
  • The use of bundle pricing also adds value to the umbrella brand name of Denise Di Novi Movie Producer.

2.3. Placement

Denise Di Novi Movie Producer places high importance on the placement of its products because it directly relates to accessibility for consumers.

2.3.1. Company-operated stored

  • The company maintains stores operated by the management of Denise Di Novi Movie Producer in all markets
  • Company-operated stores give Denise Di Novi Movie Producer higher control over operations as well as store layout and design
  • Denise Di Novi Movie Producer also interacts directly with the consumers and gathers important details regarding consumer behavior and consumer feedback through company-operated stores
  • The company operated stores also give leverage to Denise Di Novi Movie Producer in terms of decisions regarding the stocking of different product items

2.3.2. Licensed stores

  • Denise Di Novi Movie Producer licensed stores also allow consumers to enjoy the various product offerings by the company
  • Licensed stores also decrease the risk of financial and physical investment for Denise Di Novi Movie Producer in unstable markets
  • Licensed stores have also given Denise Di Novi Movie Producer high business growth, and a boost for rapid market expansion and penetration
  • Through licensed stores, Denise Di Novi Movie Producer has also learned about local consumers and cultures
  • Licensed stores and shops encourage sales of products by Denise Di Novi Movie Producer by aligning it with local cultural values
  • Licensed stores also help Denise Di Novi Movie Producer in localizing its product offerings to enhance brand equity and band image

2.3.3. E-commerce

  • Denise Di Novi Movie Producer has developed a successfully operational website for online order placement and order tracking
  • Denise Di Novi Movie Producer also encourages sales through social media portals, where the company takes orders through direct messages, as well as through a mini-shop model
  • The company also stocks products with online retailers such as Amazon and eBay, as well as smaller local online retailers as well
  • Online retailing, and using the internet to make sales has boosted the sales for Denise Di Novi Movie Producer and has also increased the accessibility of its products for consumers.

2.3.4. Supermarkets and hypermarkets

  • Denise Di Novi Movie Producer also places its products in supermarkets and hypermarkets across the country
  • A large number of Denise Di Novi Movie Producer target groups shop from supermarkets and hypermarkets
  • Placement in supermarkets and hypermarkets also improve cost efficiency for Denise Di Novi Movie Producer

2.3.5. Partner agents

  • In offshore locations, Denise Di Novi Movie Producer also makes use of partner agents for its products’ placement
  • These partner agents are assessed and evaluated on strategic compatibility and reliance
  • Denise Di Novi Movie Producer contracts with partner agents in other countries and markets for its product placement to ensure quality control and terms of negotiation

2.4. Promotion

The marketing strategy for Denise Di Novi Movie Producer also places high importance on the promotional tactics and strategies used. The promotional strategies allow the Denise Di Novi Movie Producer to interact with the consumers and influence them directly. Denise Di Novi Movie Producer uses a 360-degree approach in its promotional activities, and makes use of the following means of promotion:

2.4.1. Digital marketing

  • Denise Di Novi Movie Producer has corporate profiles on all social media websites and portals
  • Denise Di Novi Movie Producer uses its social media presence to directly, engage with consumers
  • This direct engagement and interaction allows Denise Di Novi Movie Producer to understand the customers, their needs and demands
  • Denise Di Novi Movie Producer uses this feedback and incorporates it in its broader marketing and organizational strategy
  • Denise Di Novi Movie Producer also maintains a corporate website – which highlights company information, product information as well as information regarding any ongoing campaigns and sales

2.4.2. Reward Programs

  • Denise Di Novi Movie Producer has a loyalty card program for its customers
  • The loyalty card allows customers to redeem points in exchange for products or other exciting gifts, as directed by the company
  • Each purchase is entered into the loyalty card by Denise Di Novi Movie Producer and is valued for points against the products’ monetary value
  • The loyalty card can be purchased or is given complementary by Denise Di Novi Movie Producer on high valued purchases
  • Frequent usage and purchase of products by Denise Di Novi Movie Producer also has rewards against the loyalty card

2.4.3. Community Influencers

  • Denise Di Novi Movie Producer makes use of community influencers as its on-ground promotional efforts
  • Denise Di Novi Movie Producer identifies strong and confident individuals to be brand ambassadors in their communities
  • Denise Di Novi Movie Producer provides these brand ambassadors and community influencers with its product range and invites them to use it themselves to see benefits

2.4.4. Conventional marketing

  • The company places advertisements in consumer-related magazines. This largely includes home decor, and home management magazines
  • Magazine ads are not very frequent, but appear twice every quarter of the fiscal year
  • In high-density locations, Denise Di Novi Movie Producer also makes use of out of house hoardings
  • Hoardings increase visibility for Denise Di Novi Movie Producer and also work towards building stronger brand recall
  • Denise Di Novi Movie Producer also produces TV advertisements
  • All TV advertisements have an emotional appeal to them
  • TV advertisements by Denise Di Novi Movie Producer have progressed to include a slice of life elements and characteristics
  • TV advertisements by Denise Di Novi Movie Producer also highlight the functional benefits of the product

2.5. People

The marketing mix of Denise Di Novi Movie Producer also places an essential focus on people development and people building. This is because Denise Di Novi Movie Producer realizes the importance of employees in building strong customer relationships. Denise Di Novi Movie Producer develops its employee and people by focusing on the following aspects:

2.5.1. Training

  • Denise Di Novi Movie Producer makes sure that all employees undergo regular training sessions for skill development and enhancement
  • Trainings at Denise Di Novi Movie Producer are not the only field related, but also focus on essential management and organizational skills
  • Training sessions and activities at Denise Di Novi Movie Producer also identify with the employee's own needs of progression, development and growth
  • All training sessions and activities designed and carried out by Denise Di Novi Movie Producer take into consideration business goals and objectives, as well as employee's personal goals and aspirations
  • Denise Di Novi Movie Producer, therefore, tries to develop the employee as an organizational member, as well as an individual
  • All training is engaging, and hands-on so that employees do not only learn but also experience

2.5.2. Organizational ownership

  • Denise Di Novi Movie Producer works on strengthening the organizational commitment in its employees
  • Denise Di Novi Movie Producer builds employee loyalty so that people can reflect their optimal best at work
  • Denise Di Novi Movie Producer also understands that satisfied employees will lead to happy and satisfied customers
  • Denise Di Novi Movie Producer regularly shares different reward programs for employees, including stock sharing, so that their organizational commitment and ownership is enhanced
  • Denise Di Novi Movie Producer also includes employees in decision making at different managerial levels, and regularly takes their feedback for different projects and products – which also work towards building organizational ownership

2.5.3. Motivation building

  • Denise Di Novi Movie Producer employees are the face of the organization
  • Denise Di Novi Movie Producer are motivated through the exciting and creative organizational culture
  • Employees are also motivated through different reward programs and bonuses that Denise Di Novi Movie Producer distributes
  • Another source of motivation is appreciation programs where management appreciates and acknowledges the work and performance of different employees

2.5.4. Succession planning

  • Denise Di Novi Movie Producer remains one of the leading players in the industry also because of its focus on succession planning
  • Denise Di Novi Movie Producer conducts succession planning for all managerial levels
  • Succession planning is done through internal promotions as well as external recruitments to meet the needs and demands of the vacant job position at Denise Di Novi Movie Producer
  • Strategic succession planning has allowed Denise Di Novi Movie Producer to be prepared for different challenges, and also be resourceful enough to deflect them

2.6. Process

Denise Di Novi Movie Producer has organized and systematic processes in place to make sure that the business experiences consistent growth.

2.6.1. Operations

  • All operations at Denise Di Novi Movie Producer are clearly defined and communicated to the employees
  • Denise Di Novi Movie Producer makes sure that employees are well trained, and knowledgeable of all processes relates to operations
  • All stages of operational processes focus on maintaining a high quality level and standard of the products
  • Systematic process re in place for all operation – from procurement to the final sale of the products
  • All operational processes are maintained, checked, and uploaded through the internal portal of the organization for supervisory purposes
  • The use of online portals for operational processes also builds a strong backup for managerial purposes at Denise Di Novi Movie Producer

2.6.2. People Management

  • Denise Di Novi Movie Producer has also defined clear processes for people management through streamlining its human resource management department
  • Denise Di Novi Movie Producer has defined guidelines regarding recruitment, training, compensation management, and performance appraisal of employees
  • All people related processes are not only communicated to the management and supervisors, but also to employees to create a sense of transparency, and an environment of trust
  • Progressive people management systems and processes have allowed Denise Di Novi Movie Producer to keep its workforce motivated and happy – which reflects in satisfied customers

2.6.3. Quality maintenance

  • Denise Di Novi Movie Producer also has defined policies and processes for managing and maintaining quality
  • All products undergo triple quality checks to ensure that customers receive the best product
  • In addition to quality checks at the production and distribution level, the management has also placed separate quality maintenance and quality check department
  • The quality maintenance department has experts who make sure that not only the final product but also the processes involved in producing the product were infused with quality

2.6.4. Store management

  • Denise Di Novi Movie Producer manages store management through stringent and closely monitored policies and processes
  • These processes relate to not only the floor and space design but also to the performance of the employees at the store
  • The processes for store management also regularly monitor footfall and work on strategies to increase footfall through different tactics, and changes in the store design and store management
  • The company also has a systematic process for customers who interact with the products and feel them before making the purchase
  • The final sale at the store is also clearly defined – for the employees and the customers both
  • Processes and policies are important for Denise Di Novi Movie Producer for maintaining quality of the products, and for ensuring that the company does not experience any unnecessary expenses and costs

2.7. Physical evidence

The physical evidence is also important in the marketing strategy for Denise Di Novi Movie Producer as it works towards influencing the consumers in favor of the brand and its offerings. The physical evidence for Denise Di Novi Movie Producer include:

2.7.1. Store atmosphere

  • The store design and management for Denise Di Novi Movie Producer is exciting and creative
  • The store atmosphere makes the customers feel relaxed and comfortable –so that they can interact with, and enjoy product offerings by Denise Di Novi Movie Producer at ease
  • The store design is also important for Denise Di Novi Movie Producer because it controls the level and nature of experience and interaction that the customers have with the product and the brand
  • With company-operated stores, it is easier for Denise Di Novi Movie Producer to control and manage the store atmosphere to be able to positively influence customers and to be able to appeal to them emotionally

2.7.2. Packaging

  • Denise Di Novi Movie Producer has unique packaging, which is different from other players in the industry
  • Denise Di Novi Movie Producer also has a vibrant touché to its packaging, which is regularly changed in terms of colors and patterns
  • The logo for the company is simple, and recognizable by the consumers easily
  • The brand logo has also become a symbol of confidence, ambition, and aspiration for consumers who use products by Denise Di Novi Movie Producer
  • The packaging of the products is sophisticatedly done and matches the brand image developed and maintained by Denise Di Novi Movie Producer

2.7.3. Website design

  • The website design is simple and easy to use
  • Denise Di Novi Movie Producer has a customer friendly user interface which allows easy navigation and understanding of its various product offerings
  • The corporate website of Denise Di Novi Movie Producer also has the brand logo, and is packaged similarly to the products offered by the company
  • The design patterns, and color change on the website with changes to the product packaging to match various campaign needs and sale offerings

3. References

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IÅ¡oraitÄ—, M., 2009. Theoretical aspects of marketing strategy. Ekonomika ir vadyba: aktualijos ir perspektyvos: mokslo darbai, Volume 1, pp. 114-125.

Keller, K., 2001. Mastering the marketing communications mix : Micro and macro perspectives on integrated marketing communication programs. Journal of Marketing Management, Volume 17, p. 819–847.

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Kotler, P. & Keller, K., 2007. Marketing Management. Praha: Grada Publishing.

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Rafiee, V. & Sarabdeen , J., 2013. Social Media Marketing: The Unavoidable Marketing Management Tool. Dubai, University of Wollongong, pp. 933-942.

Rao, K., 2011. Services Marketing. New Delhi: Pearson Education India.

Richards, K. & Jones, E., 2008. Customer relationship management: Finding value drivers. Industrial marketing management, 37(2), pp. 120-130.

Schmitt, B., 1999. Experiential marketing. Journal of Marketing Management, p. 57.

Teilmann, V., 2010. Market Entry Strategies: International Marketing Management. Berlin: GRIN Verlag.

Zahay, D. & Griffin, A., 2010. Marketing strategy selection, marketing metrics, and firm performance. Journal of Business & Industrial Marketing, 25(2), pp. 84-93.

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