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1: Name and state the communication tool used by the marketer in the above case to
improve its image.
Answer:
(a) In the given scenario, ‘Public Relations’ is the communication tool used
by the company to restore its good image. The sole purpose of Public
Relations is to create and maintain cordial relationship of the company with its
stakeholders, customers and lenders. Such positive public relations of the
company are key foundations for its survival and growth.
Building corporate image that affects favorably on its products e.g., upkeep
of parks and gardens, sponsoring sports and cultural events.
Counseling the top management to contribute money and time to certain causes like
environment children’s right, education, etc.
It allows the organization to attain its goals in a hassle-free manner without constantly
worrying about its public image.
It assists the organization in creating and maintaining a market for its product among
consumers, thus increasing its brand loyalty among consumers.
Public Relations among the stakeholders and consumers also allow an organization to
survive in the business in the long run and deal with its new potential competitors
effectively.
Answer:
Q3.What are the tools available to measure the impact of marketing strategies? Take
the reference of the above case to support your answer.
Answer: Marketing strategy is the marketing logic by which the business units
hopes to achieve its marketing objectives. The various tools available to measure
the impact of marketing strategies are as under:
1. Market Segmentation
2. Target Marketing
3. Market Positioning
4. SWOT Analysis
(a) Strength(S): Internal capabilities that may help a company reach its
objectives.
(b) Weaknesses (W): Internal limitations that may interfere with a company’s
ability to achieve its objectives.
(c) Opportunities (O): External factors that the company may able to exploit to
its advantage.
(d) Threats (T): Current and emerging external factors that may challenge the
company’s performance.