Why is marketing important
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Transcript of Why is marketing important
Many Companies now have a chief marketing officer (CMO) to put marketing on a more equal footing with other C-level executives such as the chief financial officer (CFO) or chief information officer (CIO).
What happens with negative publicity?
Brand will turn from Positive to Negative within a short time
Then they have to respond Swiftly and decisively
Example : Dominos
After a distasteful video wasposted online by two employees,Domino’s Pizza learned a valuablelesson about the power of socialmedia.
o 83% felt that marketing and sales capabilities were a top priority
oBut only 6% felt that they were doing an “extremely good” job
Make decisions in an Internet-fueled environment where
1. Consumers
2. Competition
3. Technology
4. Economic forces change rapidly.
eBay promoted its “Let’s Make a Daily Deal” holiday promotion by recreating the famous 1970s TV game show Let’s Make a Deal in Times Square,
Good marketers are always seeking new ways to satisfy customers and beat competition