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Course of studies
Current work aimed to conduct the market research for premium surgical power systems market segment in China. Qualitative and quantitative primary and secondary researches were completed in order to set the right strategical direction for service, weight the opportunities in the market, set the right models and methods for service. Research results are describing the demand on service, mechanics of the business and the benchmark of the segment. Customer's profile, sales channels, service portfolio and 5 Ps for the service of surgical power systems were completed.
Maßnahme einer Social Media Marketing Strategie des Schwarzwälder Freilichtmuseums Vogtsbauernhof
(2016)
Nowadays, in times of saturated markets, there may be observed an intensified competition among companies, while at the same time needs and demand of the customers are increasing as well. To counteract this growth of competition, companies need to continuously implement new and innovative strategies, if they don’t want to lose any market share among their market competitors. Under such conditions, innovated business modules and new market technologies have to be developed through the usage of Digitalization and the Internet and, especially the usage of Social Media; creating a new Touchpoint to deal with the customers, where companies can better get to know their requirements, enabling them better to serve the market and satisfy customer needs. Keeping this in mind, many large international companies already recognized the importance of Social Media within their business model, but until now they don’t have any real strategic plan yet in place to backup, utilize and exploit the situation over longer periods of time. The Schwarzwälder Freilichtmuseum Vogtsbauernhof, also recognized this important aspect and is already using Social Media, but until now, without any Strategic Plan or Model too. Beyond this the objective of this Bachelor Thesis is to create a complete a Strategic Model as well as some further strategic actions for the Schwarzwälder Freilichtmuseum Vogtsbauernhof, to adapt to changing market conditions and not to fall behind the competition but to excel above them. To achieve this objective, a Company and Competitor Analysis has to be carried out as an answer, if such a strategic implementation in Social Media might be useful for the business model of the Schwarzwälder Freilichtmuseum Vogtsbauernhof or not. Verifying this analysis, some Strategic Models from the literature will be presented, and applied as a combination at the business model of the company. As a different point of view, an empirical study will be used to apply the created Strategic Model in a suited way into practice. Due to this application, as well as due to some further Strategic Actions, there will be improved some already existing Social Media channels. Furthermore there will be established one completely new Social Media channel. To prove the success of the Strategic Model and its additional actions, a second empirical study and some Monitoring tools will be used as a measurement at the end of the Thesis. The results of the Company Analysis could be interpreted as first evidence, that a general strategic implementation of Social Media for the business model of the Schwarzwälder Freilichtmuseum Vogtsbauernhof might be useful. Additionally both methods of measuring results and performance show a partial success of the implemented Strategic Model which could be interpreted as a competitive advantage at least in the short run. This Thesis is especially written for the Online Marketing department of the Schwarzwälder Freilichtmuseum Vogtsbauernhof, but it doesn’t mean that for any other person, which isn’t part of the company, it might be completely useless. The Thesis is also directed to all the people, which already had recognized that classical Marketing methods won’t work any longer, and because of this, are looking for some digital alternatives. Because of this the results might be used as an inspiration or as a special kind of guide to establish a strategic presentation within Social Media.
The continuous growth of e-commerce combined with new developments in mobile technology make it vital for sporting goods retailers to look for strategies to increase their online competitiveness. Dynamic pricing is a powerful strategy to increase revenue and at the same time ensure price competitiveness. With this in mind, the aim of this thesis is to explore revenue maximization in e-commerce sporting goods retail through dynamic pricing of product inventories. To do so, a multi-method approach was performed using three parts, namely a literature review on e-commerce sporting goods retail and various dynamic pricing strategies, an analysis of empirical sales data, and an interview segment amongst experts from e-commerce sporting goods retail.
The research in this thesis has produced two key findings. In theory, inventory and demand-based dynamic pricing is the optimal choice for revenue maximization of product inventories in e-commerce sporting goods retail. In practice, inventory and demand-based dynamic pricing can only be used for revenue maximization of clearance inventories. The reason for this is because the multichannel pricing strategies used by sporting goods retailers prohibit inventory and demand-based pricing of all product inventories in e-commerce.
Future research should seek to combine multichannel pricing strategies with dynamic pricing, and doing so would enable e-commerce sporting goods retailers to exploit the full potential of revenue maximization through dynamic pricing of product inventories.
The present study was conducted in the International Purchasing Department at the Lidl Stiftung & Co. KG which is the headquarters of the international grocery retail discounter Lidl. The subject was defined by the author in cooperation with Mr. Robert Maier, executive manager for non-food and brand, and Ms. Silvia Carazo Soto, manager for the product range development in the Lidl non-food sector. The present study has two major purposes: Firstly, to investigate how customers perceive the non-food products and sector at Lidl and secondly, to identify what characteristics they value and would like to see improved in the Lidl stores.
The goal of this present study is to determine various proposals to optimize the non-food sector of Lidl stores in order to increase customer satisfaction and sales. Data and information material for this research were gathered through the author’s mentors, colleagues, meetings, an empirical survey, internal company presentations, the company homepage, the university’s EBSCO online research database, various business press as well as scientific publications.
In the first part, a theoretical background on the subject as well as company insights into the non-food division is provided. These show that the spending power of consumers has increased, consumers are becoming progressively demanding and that Lidl is faced by strong competitors on the food retail market.
The thesis then presents the empirical study conducted by the author from 30 November 2015 until 12 December 2015. Three hundred customers in ten different Lidl stores in four German federal states were interviewed face-to-face. The survey included fifteen questions regarding the customer’s shopping behavior at Lidl, the customer’s satisfaction with regards to a non-food purchase as well as customer expectations, experience and improvement proposals of the non-food sector.
The survey results show that 77% of all participants had bought non-food products at Lidl during the six months before the survey date. Of all these participants, 75% were either very satisfied or satisfied with their non-food purchase. Furthermore, it was concluded that Lidl lives from its price-performance ratio and promotion via the Lidl leaflet in-store or distributed to home. Inferential, the survey results suggest that the product presentation and the store atmosphere need to be optimized as well as the product availability. Moreover, the results indicated that customers think that up-to-date Lidl leaflets, information boards, product brochures and a mirror need to be available at the non-food sector.
In conclusion, on the basis of the results of this research, the author recommends optimizing the non-food sector in the Lidl stores by means of five different proposals. First of all, to improve the customer experience in a Lidl store by providing a “five senses experience” and secondly to optimize in-store promotion by integrating speed-bumps and optimizing the creation and presentation of product posters, banners and product paper models. Thirdly, the author recommends introducing a digital terminal as an operation tool to order and purchase non-food products that are sold out or not available in a Lidl store with the possibility to choose a home or store delivery, to search products on the Lidl homepage and to watch non-food product videos. Furthermore, the terminal includes a built-in shelf to collect paper product brochures. Fourthly, in order to optimize the product presentation of non-food products, two proposals for a sample product presentation are made. Primarily by means of a non-food module which is attachable to a non-food table in order to present a sample either on a coat hanger or a built-in shelf or by means of a hallstand with an integrated mirror. In addition, the author presents the option of a digital mirror. The fifth proposal is a category management LED lighting module installed above the non-food tables to facilitate the customer orientation in the non-food sector. In addition, the author presents three further proposals including executing customer satisfaction survey periodically, optimizing employee training and improving the Online Shop.
In conclusion, the thesis argues that Lidl is prepared to optimize the non-food sector in the interest of increasing customer satisfaction, attracting new customers, staying competitive and trendy and increasing sales. The author recommends focusing on providing an optimized customer experience in the Lidl stores, thereby primarily focusing on the most important sense, sight. For this, an optimized sample product presentation is primarily of highest interest followed by a better in-store promotion. The present thesis hopes to offer the Lidl Stiftung & Co. KG useful ideas on how to optimize the non-food sector and thus contribute to Lidl’s company success.
The topic of the thesis is ‘‘Identification of success patterns of the most successful SAP SFSF VARs as a base to recruit new high-potential partners. A way to achieve time to revenue efficiency for new partners joining the SAP ecosystem.’’. The whole approach is based on SAP SE, an international company providing enterprise application software with a focus on cloud solutions. The objective of the thesis is to help SAP SE to expand their cloud partner ecosystem and achieve time to revenue efficiency for new partners joining SAP ecosystem. The research question explores what are the success patterns of SAP TOP 20 SuccessFactors (SFSF) value-added resellers (VARs). The aim is to use the insights as a template to recruit new partners who show high potential for future success in reselling SAP SFSF (cloud) solutions. Currently, SAP is facing a challenge to recruit partners who are successful as VARs for cloud solutions in the small and medium size enterprises (SME) market. So far, SAP focused on increasing its market coverage by continuously expanding its Ecosystem, while the quality of the recruited partners was neglected. As a result, SAP invested a lot of resources in terms of time and money trying to onboard partners who could not deliver the expected impact. Recruiting partners who have the right patterns will decrease the resources that SAP spends on onboarding and training process while at the same time the partners will generate the revenue faster. However, SAP needs to have a clear view what a high-potential partner looks like. Therefore, it could be said, that the topic of the thesis is crucial for SAP further channel development and expansion, invested resources and indirect revenue. In order to answer the research question, the whole study is divided into seven chapters. The theoretical framework provides a general idea about the importance of partners for reselling cloud services to SMEs and what are the factors and practices that make partners successful. The empirical research explores the common success patterns of the Top 20 most successful SAP SuccessFactors value-added resellers. The author came to the conclusion that in order to be achieved time to revenue efficiency, the company should recruit only those partners who are representing the following set of success patterns: international presence, quality webpage, human capital management as a core line of business, strong digital and event marketing.
The marketing strategies concerning the establishment of a brand originally come from the business sector. Because of the differences between non-profit organizations (NPOs) and companies they are not equally applicable to the non-profit sector. This thesis examines the applicability of these strategies and also looks at their possibilities of adaptation to fit the characteristics of the NPOs. Apart from that it shows the operationalisation by means of the communication. In the practical part of the thesis the findings are applied to the example of the Spanish NPO Iniciativa Internacional Jóven. Starting with the organization’s mission and vision it is explained how the organization’s purpose, values and principles, and the view of the future evolve during the phase of foundation and which requirements have to be met. Subsequently the development of marketing objectives is shown. The following chapter of the marketing strategy is divided into four parts: segmentation and target groups, differentiation, brand identity and image and lastly positioning. Concerning the segmentation and target group this task is more complicated for NPOs because NPOs have to pay attention to the three different target groups of the users, volunteers and donors. However, the definition of target groups can support the efficient use of resources because of the focus on narrowly defined groups of persons. With regard to the differentiation the competitive advantages are examined. Those result from the combination of core competencies and their respective contribution to the value for the target groups. That way NPOs can discover where to focus their resources and an additional connection to the target groups can be established. The brand identity corresponds to the self-image of an organization. By investigating this self-image in a structured way and elaborating an extensive and at the same time consistent brand identity the basis for a favourable brand image can be created. The brand image is equivalent to the brand perception on the side of the stakeholders. The link between the brand identity and image is the positioning. Within the positioning strategy the various characteristics of the identity are transformed into a few positioning features, depending on their relevance for the target groups and the prevailing market conditions. The marketing strategy lays the foundation for the strategy of communication. Within the scope of this strategy those communication instruments are selected which best contribute to the achievement of the communication goals, which for their part allow the marketing objective achievement. In addition the communication message can be developed so that it can be perceived, remembered and associated with the organization the best way possible. The application of the findings leads to the impetus to two communication campaigns for the non-profit organization Iniciativa Internacional Jóven.
This study explores the attitudes and perceptions of consumers of the baby boomer generation (age 50-62) concerning contents on the social media channels of Facebook and YouTube. Ten in-depth interviews are conducted in which representatives of the target group perform tasks on the two platforms such as gathering information about a firm or comparing advertisements. The main finding of the empirical research conducted is a set of preferences and attitudes about social media contents classified in following categories: 1) company profiles on Facebook 2) company channels on YouTube 3) sponsored posts on Facebook 4) sponsored search results on YouTube and 5) navigation on the two platforms. The obtained results significantly complement existing research on firm-supplied contents on social media for several reasons. Firstly, baby boomers represent a highly valuable target group as they possess immense consumption power and demonstrate high willingness to try new products and services, as well. Moreover, they increasingly join social networks, first of all Facebook,and they browse other social media channels, but they have been mostly neglected in research about social media in Germany. Secondly, this study links inbound marketing via social media to small and medium-sized enterprises. For the latter, this holds substantial benefits to facilitate being found by consumers on social media platforms in order to compete against larger firms. Therefore, implications for small business managers and marketing representatives are given. Thirdly, the study focuses on the attitudes and perceptions of consumers in order to replenish data on consumer behavior on Facebook and YouTube obtained by the algorithms of the platform providers. Therefore, it complements extensive existing studies focusing on analyzing the latter. Furthermore, the distinct advertising and targeting functions of Facebook and YouTube have been considered in the creation of the interview in pursuance of pertinent practically oriented results.
A Successful introduction of E-learning for Bosch Car Service and Auto Crew Workshops Worldwide.
(2016)
The purpose of this study is to determine how to introduce E-learning successfully for Bosch soft franchise workshops to maintain quality in services and a high level of customer satisfaction. The study focuses on two research question A) Should Bosch continue to invest in producing elearning course for workshops. B) How to increase workshop’s participation for e-learning. Regional Concept Managers from 14 countries evaluated the existing e-learning courses to define exclusively “E-learnings” pro and cons as per their marketplace to see if investing in elearning is beneficial. Secondly, the emphasis was placed on Regional Managers to brainstorm on what are the new strategies can be used to motivate the workshop to take part in e-learning. Broadly speaking, learning is an expensive and time-consuming activity that can be a disadvantage when it comes to teaching people. Bosch was one of the pioneer company after Daimler that uses e-learning platform to train their workshops- Bosch car Service and Auto Crew. The vision for e-learning was very innovative and useful for the workshops to teach the structured way of showing all the works that carried out in a workshop. However, low participation from the workshop in e-learning courses has been a challenge.
The first part of the thesis provides a theoretical understanding of the Automotive Aftermarket. It also gives detail introduction and usage of “E-learning” in 21st century. The second part explains the workshop concepts “Bosch Car Service” and “Auto Crew.” It also provides an overview of “how e-learning course is produced and used for workshops” and the final part consists of an “Empirical Research” that includes the findings from Expert Interview and survey with Regional Managers. The findings from empirical part reveal that E-learning courses are useful for the workshop. Therefore, Bosch should continue to invest in producing E-learning Courses. However, study shows the different areas that need improvement, therefore findings from the empirical research need to be considered by the Headquarter as well as the Regional Organization to successfully introduce “E-learning” for the workshops.
The following bachelor thesis was written in cooperation with the company GF Automotive AG located in Schaffhausen, Switzerland. It is a worldwide recognized development and serial production partner of the automotive industry. The thesis covers the topic ‘The potential of gaining competitive advantage through Green Marketing’. The purpose of this thesis is to research if sustainability within the automotive supply industry is of high importance and can be used to gain competitive advantage. The thesis offers possible measures to implement successful practices that were detected in the conducted benchmark. It points out that green marketing in the B2B business can support companies to differentiate and it illustrates how marketing communication of the company GF Automotive AG can be adapted in order to succeed and remain leader in the highly competitive automotive supply market
Gegenstand der hier vorliegenden Bachelorarbeit ist das geschlechterspezifische Konsumentenverhalten von Männern und Frauen beim Automobilkauf. Die beiden Gruppen unterscheiden sich in ihrem Kaufentscheidungsverhalten grundlegend voneinander und müssen so beim Kaufprozess mithilfe von Gender-Marketing differenziert angesprochen werden. Es gilt daher, die jeweiligen Zielgruppen zu verstehen um entsprechende Kommunikationsformen zu wählen. Im Zuge dieser Arbeit wurde eine empirische Studie in Form einer Umfrage durchgeführt um die geschlechterspezifische Werbewirkung von Automobilanzeigen herauszufinden. Obwohl von Automobilherstellern bereits erfolgreiche Schritte unternommen werden um sowohl Männer als auch Frauen als Neuwagenkäufer anzusprechen, konnte festgestellt werden, dass Frauen in der Automobilbranche noch immer deutlich unterrepräsentiert sind. Die Automobilhersteller müssen das Potenzial der Frau als Autokäuferin für sich entdecken. Dabei ist es essenziell, dass Frauen nicht als eine homogene Gruppe betrachtet werden, sondern differenziert und klischeefrei als kaufkräftige und interessante Käufergruppe wahrgenommen werden. Durch den Wandel des Frauenbildes und die Angleichung der Geschlechter, aber auch durch zukünftige Innovationen im Bereich autonomes Fahren und Vernetzung im Auto, ergeben sich Felder für zukünftige Forschungen.