Marketing

Instructions

You have been given a role as a new Marketing Executive in a traditional company called TradCo. They make all sorts of products which they sell on to OEMs, from nuts and bolts, to fully manufactured washing machines, cookers and even ships! This they have done for their clients who then brand and sell them on. Now, as part of their growth strategy, they are proposing to manufacture and then sell products under their own name to customers and consumersThey have never taken marketing very seriously, nor have they grown fast either in recent years. They are a company dominated by sales, finance and engineering and to say they dont understand or even like marketing would be an understatement.This is going to have to change if TradCos strategy is to work.Your first task is to prepare a report, 1,250 words in length - (excluding appendices) - for your CEO. In this report you need to outline a compelling case for why TradCo., needs to take marketing seriously in the future. Your boss would like to see examples or one example in detail from a company (or companies) who are  in your view leaders in employing marketing as a tool for business growth, and also, to appease doubters, any academic links to theories and concepts will help with more technically minded people.

Answer

TradCos strategyin marketingIntroductionMarketing is one of the most important activities in any business. It is the process that helps to generate liquid capital from the stock. Marketing generally is the pillar stone to the companys source of revenue that is, in turn, able to facilitate the other financial needs of the company. It is, therefore, a prudent idea to improve the marketing strategies of TradCo to supports its vast growth and expansion. Such growth will need an expansion of the companys market and particular increasing company sales. This will necessitate expansion into new markets, the use of new strategies to increase sales, and the use of marketing strategies that give the company a competitive advantage. This is especially achieved through brand positioning that creates a...
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