Case summary: Company KF started to enter Site P so that the viewers can view various cooking videos. The company wanted to stay connected with the millions of viewers and interact with them. The company invested $19 billion at the corporate level and it split the business units so each division could focus on marketing and building company needs. However the company is facing certain issues in communicating with the customers.
The company is updating several of its convenience food products to make it more attractive for the customers. The organization is likewise patching up its development procedures and plans to put resources into less. However additionally encouraging new-item thoughts, giving new product increasingly money related and marketing support.
Characters in the case: Company KF and Site P.
To discuss: The disadvantages of splitting the company into two units.
Introduction: Marketing is an activity, set of organizations and procedures for making, collaborating, conveying, and trading contributions that have value for clients, customers, accomplices, and society in general. Marketing strategy is a practice that is designed to enhance sales and achieves sustainable competitive advantage.
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Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning