Marketing strategies explained in a simple way using marketing cases, marketing video cases, marketing notes, marketing exercises, marketing models, marketing 4.0, marketing 5.0, marketing trends, Marketing analytics, branding in India, Sports marketing in India, Indian marketing, retailing in India and Digital marketing in India.
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Thursday, July 30, 2020
The value of marketing
The value of marketing
The company's growth depends on its marketing ability.
HDFC,
a private bank in India consistently clocks better performance in the
banking and investment sector due to their marketing abilities. The company
clocks 30% profit growth year on year even in difficult times. This growth is a
result of their change in marketing strategy. HDFC reduced its corporate loans
and increased the retail loans lending such as automobile, commercial vehicles,
business banking, home loans, and personal loans to maintain the growth.
A good marketing strategy creates demand for products and services and in turn increases employability.
Bindu,
is an aerated beverage brand in India. It is a mix of traditional jeera drink
with a soda. The Shankar group from Mangalore that owns the brand moved to the
third position after Pepsi and Coca-Cola in South India. In the beginning Bindu
had made shopkeepers to taste the soda free of cost and asked them to spread
the message. The company employs strength has increased from 8 in 2008 to 250
in 2012. Today,the traditional drink market in India is not only limited
to jeera, but extended to Kokum aamras, Jaljeera etc…
The marketing builds value of a form by creating loyal customers and strong Brands
Parle-G,
Indian biscuit in confectionery manufacturer, began its journey in the year
1929. The company was incorporated by Mohan Lal Dayal. Since then the
company's marketing efforts have made it to reach the tag of world's largest
selling biscuit company. Today, the company's persuasiveness helped it to build
the image of a quality nutrition and superior taste brand among consumers. Its
value for money positioning strategy created a loyal customer base. Further,
It's health and taste benefits created trust among customers and who in turn
created a global brand.