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The Marketing Process Of H Samuel

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For any business organization, Marketing is a very important function. It becomes vital when the business is facing stiff competition from other manufacturers. The process of creating, communication with customers and delivering is defined as marketing. H Samuel is one of the most branded jewellery firms in the UK and it actually focuses on the middle market which means the company cares most for the average household incomes ranging from £15000 - £40000. The different elements of marketing process of H Samuel are Marketing Strategy and its Implementation and control (Anthony, 2014).
Situation Analysis: This analysis helps the organization to know the environment in which it operates. It also helps the company to understand its customers, competitors and stakeholders at the same time knowing the gap between what customers want and what is being currently offered.
Marketing Strategy: It is done to identify the strategy plan to …show more content…

1.2 Evaluate the benefits and costs of a marketing orientation for a selected organization
Market orientation is a methodology of business which emphasize on recognizing as well as fulfilling the wants and demands of its consumers. It is company reaction towards the customers. It is an approach that emphasis on delivering the products designed appropriately to meet the needs or requirements of customers.
The cost of Market Orientation: Market Orientation has a very considerable cost. The major cost is the investment in market research as the company will need accurate market intelligence. Another important cost is advertising cost as it leads new customers towards the company. Another major cost associated with market orientation is Sales Promotion Cost (Pride and Ferrell, 2004). There are many other costs related with such as Trade promotion, design and labelling cost and Outsourcing

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