1.0 INTRODUCTION
In any organisation whether profit or not profit oriented objective
cannot be achieved in a vacuum these must be clearly cut strategy
that management should employ in order to meet these objectives.
Many businesses fail to realize that they cannot stay in Business
without marketing strategies. This is because they were operating in
a market that was monopolistic in nature. This means that there was
know intense competition from other organisation. But these days
due to dynamic nature of the market and consumer taste changes
everyday it has become imperative on the part of the Business to
look into their strategies and receive them if at all they want to remain
in Business.
Hence marketing strategy is the backbone of any business
organisation. There is the need for marketing and its effective
utilization as it cannot be over-emphasized marketing in Nigeria is
yet to be accorded its proper and rightful place. As rightly claimed
that marketing is a discipline i.e. consumer oriented then the
question now arises what is 7UP Bottling Company Plc doing or what
effort is the industry making to achieve its corporate objective as well
as meeting for consumer satisfaction and desires.
Based on the above the researcher has undertaken to study the
marketing strategies in the industry with a view to clarify her
perception.
1.1 BACKGROUND OF THE STUDY
The history of marketing some what post date the history of
civilization scientists have discovered ornaments poultry and a variety
of artifacts far from their point of production indicating that trade was
carried on beyond recorded history. Specialized middlemen were
common in ancient Greece and Rome and they are still have with use
today. And during the Middle Ages trade flourished in the northern
European and the Mediterranean cities.
However early commence was conjured largely to luxury product
such as species juries and expensive cloths the read on being that
contribution expensed were so high that only those items could bear
them almost all people raised their own good made their own
clothing provided their own shelter and were in other ways
self-sufficient. Only the very rich purchased goods that came from a
distance. The few products that were purchased by ordinary people
were generally made near where they lived.
The character of marketing changed of drastically with the coming of
the industrial revolution made production resulted in a phenomenal
increase. In the amount and variety of goods that had to in marketed
as well as in geographical specialization people living near the
factory could use only limited amount of the factor’s output so market
located else where had to absorb the surplus production.
The marketing field is bound both by the environment and by the
limited imposed by the perception of the observer. In some
companies marketing is still concerned with little more than sales
force and advertising management in other firms marketing is an
integrative corporate activity that provides the direction for corporate
strategies planning.
In non-business organisations executives are only beginning to
perceive the potential of marketing in achieving institutional goals.
The difference between the approaches is due in part to the
perceptions of management and its attitude towards change.
The producers’ ultimate succeeded depends primarily on how well it
performed outside in the market. Therefore the first task of the firm
is to study its perspective buyer’s who are they? Where are they?
What factors are important in their purchase? For non-purchase of
our product?
The second task of the firm is to develop products or services which
satisfy customers’ needs and wants.
A third marketing task is to set prices and terms on these product that
appear reasonable
marketing mix strategies activities in relation to sales growth and
profit.
b. To determine the effectiveness of marketing mix activities to
inform and stimulate the customer.
c. To determine how marketing mix strategies influence customers
buying decision.
d. To identify and describe the problem of marketing strategies in
the Seven-Up Bottling Company.
e. To draw conclusion and make suggestions for improvement
based on the study.
1.4 STATEMENT OF HYPOTHESIS
To decide the outcome of this study the hypothesis are formulated to
be tested as well as to obtain meaningful information that will aid the
making or valid conclusion and recommendation.
H
1
: Marketing strategies enhances 7-Up marketing performance.
H
o
: Marketing strategies does not enhance 7-Up marketing
performance.
1.5 SIGNIFICANCE OF THE STUDY
The significance of this research work cannot be over emphasized. It
includes the following:
a. Like all research work the study is to increase and widen the
scope of the researcher’s knowledge. It will also serve as a
good material to carryout future research in this area.
b. It will aid and guide policy makers e.g. management supervisor
employees government agencies etc. in the attainment of
goals and objectives.
c. This research work will serve as an asset to students lecturers
d. It will also be beneficial to manufacturing industries. Hence the
study will serve as a check to create balance on the area they
find themselves lacking in their undertaken.
1.6 SCOPE AND LIMITATION OF THE STUDY
“Marketing strategies on the sales of an organisation” being a
complex and dynamic concept has a wider area of coverage. It
encompasses the meaning of marketing strategy and how to regulate
and discover the needs of consumers because consumers are
considered as “the king” in marketing management.
Hence a study of this nature is focused to encounter some
constraints such as the following:
a. Time Constraints: Marketing strategies is focused to
encounter problem and researcher is not going to be writing
everything because of time limit which will not permit me to find
detailed information on all the present happenings in the Nigeria
market.
b. Finance Constraints: The researcher find it difficulty to travel
in order to get the required information because the cost of
transportation of data is very high and unbearable and this has
affected the extent to which data was collected.
c. Also the unwillingness of the management to release
information no matter how minute. It was only when the
researcher pressured and promise that any information given
would be treated as confidential that some of the management
members agreed to give the desired data solicited.
1.7 DEFINITION OF TERMS
Marketing: Is that management function which organizes and directs
business activities in assessing customer needs and converting
purchasing power into effective demand for a specific product or
service and moving that product to the final consumer or user so as
to achieve the profits targeted or other objectives set by the company.
Marketing Mix: Different elements of the marketing process that
needs to be effectively coordinated with the decision about marketing.
Marketing Strategy: Is the plan that an organisation adopts to
achieve its objectives.
Concentrate Marketing: The practice of firms that select a small
segment of the total market and devote all their marketing resources
to satisfying this segment.
Customers Needs: The requirement of a potential consumer that
have to be satisfied for the maintenance of life.
Customer’s Orientation: The inclination in marketing of serving
customer lead as company’s priority.
Industrial Goods: Products purchased by companies used in the
operation of their business e.g. raw materials.
Innovations: The developing and introducing of new products or
service to the market.
Marketing Potential: An estimate of capacity of a particular market
to buy a product or service at a certain time.
Market Share: The percentage of total market sales in a given
period that is attributable to one business company.
Project Information
Price
NGN 3,000Pages
84Chapters
1 - 5Program type
higher national diploma (hnd)
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