International Marketing Systems' Assistant Marketing Manager recommends new strategies to adapt to changes in the marketplace and remain competitive. They must adjust strategies to target younger demographics entering the economy earlier. They also need to diversify and expand their product line as competitors have increased variety while their offerings have remained unchanged, risking stagnation in a growing market.
International Marketing Systems' Assistant Marketing Manager recommends new strategies to adapt to changes in the marketplace and remain competitive. They must adjust strategies to target younger demographics entering the economy earlier. They also need to diversify and expand their product line as competitors have increased variety while their offerings have remained unchanged, risking stagnation in a growing market.
International Marketing Systems' Assistant Marketing Manager recommends new strategies to adapt to changes in the marketplace and remain competitive. They must adjust strategies to target younger demographics entering the economy earlier. They also need to diversify and expand their product line as competitors have increased variety while their offerings have remained unchanged, risking stagnation in a growing market.
From: Ed Visor, Assistant Marketing Manager Re: New Strategies As we enter the new fiscal year, it’s imperial that our company adapt to change in the marketplace, in order to remain on equal or better footing with our competitions. The problem we face is twofold: First, we must adjust our current strategies regarding the younger demographic. We have, in the past, ignore the presence of a younger marketplace, yet statistics show that more and more people are enter the economy at an early age. Rather than ignore this trend, we should capitalize on it by direct more of our merchandising and advertising budgets toward the teen age group. Second, and perhaps more important, we must diversify and expand our product line. While our competition has widely increase the variety of products they offer over the last year, our own line has remained completely unchanged. With the marketplace showing the growth that it has over the last six month, we simply cannot afford to allow our product line to stagnate. We must explore the option available to us in reshaping our product, not only to catch up to our competitor, but also to cover the areas that they have ignored, and thereby attract new business.