This introduce us to the concept of marketing and the use of strategy to plan our marketing activities. Marketing is about the creation and exchange of value. The consumer and business user determine what really constitutes value. Marketing and sales personnel facilitate the exchange. Marketing follows and is congruent with organizational strategy and mission. The strategic goals, planning and execution process of marketing should support the same process that occurs for the entire organization at the top level.
Video Online: Amazon Rising
Question : 1 How did Amazon change shopping by changing the value proposition for the consumer?
Question 2: What is Amazon's value proposition?
Question 3: How did Amazon's strategy differ from other companies at the time it started? Rose to power? Now at the present time?
Question 4: Is Amazon's strategy of 1 - 2 hour delivery achievable? Sustainable?
Video in Class Nike
Question 1. How does Nike promote value in their custom tennis shoes?
Question 2. Do you believe that the Nike tennis shoe has value for the price?
Question 3. Do $300 tennis shoes, $1000 purses and other luxury items have value equivalent to their price tag?
Question 4. What ethical concerns do you have regarding Nike, its policies and strategies? Amazon?
Amazon Rising 2014 Full Documentary 2014
Swoosh! Inside Nike! by CNBC