Professional Documents
Culture Documents
Rationale
Knowing that a large target market exists for a product or service is one thing.
But, it is another to be able to justify why those customers would buy these products or
organization the assurance that customers would actually flock and gather to buy or
render the product or service your company was offering. In addition to this, fierce
Every business, big or small, have to learn how to unleash an effective marketing
campaign to bring their quality products or services to the right market, retain existing
customers, increase their sales and profitability, and grow their business. In the
Philippines, small enterprises are facing a lot of challenges and one of these is how to
implement inexpensive yet effective marketing strategies and tactics to make their
Theoretical Lens
The three theories that would support our study are; the Attribution Theory,
Institutional Theory and the Marketing Orientation Theory. The Attribution Theory says
that most customers think of you in terms of a single attribute, either positive or
negative. Heider (1958) was the first to propose a psychological theory of attribution. In
many cases, how deeply entrenched that attribute is in the mind of your customers and
prospective customers determines how readily they would buy your product or service
and how much they would pay (Fiske & Taylor, 1991).
Another theory that would support our study is the Institutional theory. This theory
is closely tied to this so-called “company culture.” It suggests that the actions of
businesses and the outcomes of these actions are influenced by the knowledge
systems, beliefs, and rules that characterize the context of the organization. If put in
another way, the words and actions we choose should directly reflect the image we
want to portray of our business. Therefore, a business entity must always review their
words while reflecting on the image you’re trying to create to be sure the two align
The last supporting theory is Marketing Orientation. This theory maintains that to
be successful, businesses should determine customers’ needs and wants, and satisfy
them more effectively than their competitors. Firms that adapt and implement marketing
concepts are said to be market oriented that is if they are more skilled in generating
strategies applied by fast food establishments in a new normal situation. In this study,
the researchers will define different marketing strategies as an overall plan for
marketing a product, which includes selecting, and analyzing a target market and
which has the first-hand experiences on the marketing strategies applied by fast food
marketing strategies applied by these certain business. Also, this study is meant to
make the customers realize what are the biggest challenges usually encountered in this
nature of business and what are the best solutions in order to lessen the repercussions
Research Questions
The following are the research questions to be used for the accomplishment of
the study:
What are the marketing strategies observed from the fast food
establishments?
strategies observed?
References:
DiMaggio & Powell (1983). The Iron Cage Revisited: Institutional Isomorphism and
Collective Rationality in organizational Fields. American Sociological Review,
48 (2).
Fiske, S. T., & Taylor, S. E. (1991). Social cognition (2nd Ed.). New York: McGraw-Hill
Lamb, C.W., Hair, J.F., & McDaniel, C. (2005). Marketing (8th Edition). Ohio: Thomson
South- Western, Inc.
Li, T., & Calantone, R.J. (1998). The Impact of Market Knowledge Competence on New
Product Advantages: Conceptual and Empirical Examination. Journal of
Marketing, 62(4), pp. 13-29.