Relationship Marketing and Strategic Planning Coursework

Exclusively available on IvyPanda Available only on IvyPanda

The Hybrid Clubs Case

Role of Relationship Marketing

The relationship marketing approach means customizing programs for different types of golfers and the stage of the awareness-to-buying process they are going through. The Customer Life Cycle that seems applicable in this case is:

We will write a custom essay on your topic a custom Coursework on Relationship Marketing and Strategic Planning
808 writers online

Awareness > Comparison > Transaction > Reinforcement > Advocacy

The first task here was to listen to the requirements of end-users. Only then could a type of club (hybrid) be constructed to provide “…clean lines, compact shape, and minimal offset”. Once the flat face had been incorporated and the center of gravity moved lower and to the back, the second task then became that of building awareness. But this is easily accomplished by traditional advertising strategies.

Relationship marketing comes into play in the second to fourth stages of the above cycle. Professional or tour players themselves had to be convinced to compare, try the new club, earn reinforcement with better results and thus become advocates. The principal stimulus here was the endorsement by champion peers.

At the level of amateur players, advertising centered on endorsement by pros is a compelling factor in hastening the comparison and trial-use stages. Sponsored events and sweepstakes such as mentioned in the case make trial almost painless and thus also contribute to moving consumers along the desired lifecycle of adoption.

Promoting Brands through Strategic Alliances

The strategic alliances that could serve the goals of hybrid club manufacturers for achieving awareness and adoption benchmarks are a) champion or celebrity golfers for their expertise and commercial endorsement; b) golf stores as distribution channels that could give Brand X prominent display and technical briefings from sales clerks; c) sponsorships of club tournaments and other events because the latter are able to offer more events for their members; and, d) co-sponsorships with charities since the latter can generate donations and good press out of the alliance.

The Regional Jets Case

SWOT in Aircraft Manufacturing

StrengthsOpportunities
  1. The capacity to re-tool to produce larger line extensions.
  2. Strong brand and market franchise in that size segment of the industry.
  1. The success of regional hub operations in the U.S. market.
  2. Marketing the old jets to developing markets or resort charter operators.
WeaknessesThreats
  1. Discretionary travel readily affected by security fears
  2. Fuel efficiency
  1. Recovery from the ongoing recession will take place over the medium term, not sooner.

Passenger Marketing Mix

The case mentions solely price as the marketing mix element that airlines emphasized in their effort to retain business passengers. This is myopic because

1 hour!
The minimum time our certified writers need to deliver a 100% original paper
  1. low-priced competition tended to attract budget-conscious leisure travelers;
  2. while sacrificing guaranteed seat availability and frequent schedules;
  3. employers pay for business travel so the price is not necessarily a hindrance in this travel segment; and,
  4. the slump following 9/11 was a fluke which nonetheless bore an opportunity for gaining market share at the expense of undercapitalized rivals (but using other strategies than embarking on a price war).

In fact, the marketing mix should have emphasized schedule reliability, the availability of first-class on the larger regional jets introduced by Bombardier and Embraer, and other amenities which do not even cost very much (e.g. free-flowing coffee, adding a business news channel and business magazines to the inflight entertainment mix, etc.)

Print
Need an custom research paper on Relationship Marketing and Strategic Planning written from scratch by a professional specifically for you?
808 writers online
Cite This paper
Select a referencing style:

Reference

IvyPanda. (2022, March 7). Relationship Marketing and Strategic Planning. https://ivypanda.com/essays/relationship-marketing-and-strategic-planning/

Work Cited

"Relationship Marketing and Strategic Planning." IvyPanda, 7 Mar. 2022, ivypanda.com/essays/relationship-marketing-and-strategic-planning/.

References

IvyPanda. (2022) 'Relationship Marketing and Strategic Planning'. 7 March.

References

IvyPanda. 2022. "Relationship Marketing and Strategic Planning." March 7, 2022. https://ivypanda.com/essays/relationship-marketing-and-strategic-planning/.

1. IvyPanda. "Relationship Marketing and Strategic Planning." March 7, 2022. https://ivypanda.com/essays/relationship-marketing-and-strategic-planning/.


Bibliography


IvyPanda. "Relationship Marketing and Strategic Planning." March 7, 2022. https://ivypanda.com/essays/relationship-marketing-and-strategic-planning/.

Powered by CiteTotal, easy referencing machine
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Request the removal
More related papers
Cite
Print
1 / 1