Lake Placid Region Marketing Plan (2021)
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Essentials of Marketing Chapter 2 Marketing Strategy Planning
Essentials of Marketing Chapter 2 Marketing Strategy Planning McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. At the end of this presentation, you should be able to: 1. Understand what a marketing manager does. 2. Know what marketing strategy planning is—and why it is the focus of this book. 3. Understand target marketing. 4. Be familiar with the four Ps in a marketing mix. 5. Know the difference between a marketing strategy, a marketing plan, and a marketing program. 2–2 At the end of this presentation, you should be able to: 6. Be familiar with the text’s framework for marketing strategy planning—and why it involves a process of narrowing down from broad opportunities to the most attractive marketing strategy. 7. Know four broad types of marketing opportunities that help in identifying new strategies. 8. Understand why strategies for opportunities in international markets should be considered. 9. Understand the important new terms. 2–3 The Management Job in Marketing (Exhibit 2-1) Whole-Company Strategic Marketing Management Planning Planning Control Marketing Plan(s) Implement Marketing and Program Plan(s) and Program 2–4 What is a Marketing Strategy? (Exhibit 2-2) The The marketingmarketing mix mix TARGET MARKET 2–5 Selecting a Marketing-Oriented Strategy Is Target Marketing (Exhibit 2-3) The marketing mix Production-oriented manager sees Marketing-oriented manager sees everyone as basically similar and everyone as different and practices “mass marketing” practices “target marketing” 2–6 An Application of Target Marketing 2–7 Developing Marketing Mixes for Target Markets (Exhibit 2-4) The marketing mix TARGET MARKET 2–8 The Product Element of the Marketing Mix Courtesy of Clear Blue Inc. -
Branding Strategies for Social Media Marketing
Expert Journal of Marketing, Volume 4, Issue 2, pp.77-83, 2016 © 2016 The Author. Published by Sprint Investify. ISSN 2344-6773 Marketing.ExpertJournals.com Branding Strategies for Social Media Marketing Simona VINEREAN* Sprint Investify Research Unit Companies are increasingly recognizing the value of social media marketing for their implication in developing and increasing the value of a brand in online environments. As a result, companies devote time and effort to engage with current and potential consumers on social media platforms and co-create of value with brand advocates. This study focuses on social media marketing as part of digital inbound marketing, its uses for organizations and its potential for branding in online settings. These brand-related social media tactics and strategies involve initiatives such as ongoing business-to-consumer conversations, content that is created and shared on social media, consumer engagement experiences, and a brand persona that invites consumers to co-create the brand in online settings, it promotes interaction, participation, and collaboration with consumers. This study concludes with some recommendations on future research. Keywords: social media, branding strategy, digital inbound marketing, brands, content marketing, social media marketing, value co-creation JEL Classification: M31, O33, M39 1. Introduction Ha (2008) identified the Internet as the fastest growing advertising medium of this decade. Moreover, the internet represents a pull medium because consumers get the opportunity to choose the content and the brands they follow and interact with. In pull marketing, companies are seeking to capture the interest of customers who are already seeking information, advice, a product or a service (Smith and Chaffey, 2013). -
The Keys to the Co-Branding Agreement As a Marketing Strategy
Intellectual Property Area THE KEYS TO THE CO-BRANDING AGREEMENT AS A MARKETING STRATEGY Eva Gil Rincón, Lawyer. 12th February 2021 What is co-branding? A co-branding or brand alliance agreement is a marketing agreement whereby two or more companies, usually non-competitors, decide to join forces to support each other and gain market strength by boosting the profitability and value of their brands. Co-branding isa not a statutory contract (“contrato típico”). Its origin is not clear, but many believe that it was born in the 50's1, when the well-known Renault car brand and Van Cleef and Arpels Jewellery Shop joined forces to launch a new car model that incorporated a steering wheel covered in jewellery. Based on this successful alliance, collaboration between brands is a regular feature in the market, whether for a specific sales promotion or to mark out a long-term commercial strategy. What are the benefits of co-branding? On a contractual level, co-branding could be assimilated to a trademark cross-licensing agreement. The commercial objectives of this type of collaboration can be multiple, but the common denominator of all of them is to obtain mutual benefit. In other words, it is a matter of achieving a win-win scenario for all parties. Working and advertising with the support of a co-branding agreement can be a brilliant marketing strategy. Partner companies join forces to gain access to a new audience or new markets through the use and exploitation of their respective brands. As we will see, co-branding is a very recurrent option for large consumer brands, but it can also be especially useful for SMEs or start-ups that need support to make their products known to the public. -
The All-England Destination Marketing Strategy: a New Approach
The All-England Destination Marketing Strategy: A New Approach The All-England Destination Marketing Strategy: A New Approach The All-England Destination Marketing Strategy: A New Approach 2 An integrated marketing strategy will enable 1. Introduction destinations at all levels in England to promote their unique assets to maximum effect. These This strategy is owned and produced by destinations will benefit from a coherent the England Marketing Steering Group for approach that a robust national marketing VisitEngland and English destinations. It is framework will bring: cost efficiencies; reduced directional, not prescriptive and is to be used as duplication of effort; a more powerful a guide to bring together what can otherwise vaggregated voice; and more effective delivery. be a fragmented approach to the marketing of England and its constituent parts. The strategic objective outlined in the English Strategic Framework for Tourism is to increase 2. Strategic England’s share of global visitor markets. The main goals of a new, cohesive, better co-ordinated Objective All-England Destination Marketing Strategy are to: increase the value of English tourism; Increase England’s share of global visitor improve brand penetration; and deliver markets, focusing on priority audiences, long-term growth. destinations and themes. The Strategy suggests several key opportunities: • That we concentrate our effort on the 3. Aims earliest stage of the consumer journey, before the consumer has decided 3.1 Grow the value of tourism for England on their choice of destination by 5%+ per annum. • That we undertake improved dialogue 3.2 Proportionately increase UK residents’ with consumers as opposed to telling them tourism spend in England. -
Marketing-Strategy-Ferrel-Hartline.Pdf
Copyright 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Marketing Strategy Copyright 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. This is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. The publisher reserves the right to remove content from this title at any time if subsequent rights restrictions require it. For valuable information on pricing, previous editions, changes to current editions, and alternate formats, please visit www.cengage.com/highered to search by ISBN#, author, title, or keyword for materials in your areas of interest. Copyright 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). -
Domain, Definition, Fundamental Issues and Foundational Premises
See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/225485091 Strategic Marketing and Marketing Strategy: Domain, Definition, Fundamental Issues and Foundational Premises Article in Journal of the Academy of Marketing Science · April 2010 DOI: 10.1007/s11747-009-0176-7 CITATIONS READS 177 46,568 1 author: Rajan Varadarajan Texas A&M University 122 PUBLICATIONS 11,724 CITATIONS SEE PROFILE Some of the authors of this publication are also working on these related projects: The Environmental Sustainability Imperative and Marketing: Chasms, Conundrums and Paradoxes View project All content following this page was uploaded by Rajan Varadarajan on 03 June 2014. The user has requested enhancement of the downloaded file. J. of the Acad. Mark. Sci. (2010) 38:119–140 DOI 10.1007/s11747-009-0176-7 CONCEPTUAL/THEORETICAL PAPER Strategic marketing and marketing strategy: domain, definition, fundamental issues and foundational premises Rajan Varadarajan Received: 20 April 2009 /Accepted: 24 September 2009 /Published online: 28 October 2009 # Academy of Marketing Science 2009 Abstract This paper proposes a domain statement for business is influenced by demand side factors and supply strategic marketing as a field of study and delineates certain side factors. issues fundamental to the field. It also proposes a definition for marketing strategy, the focal organizational strategy Keywords Strategic marketing . Marketing strategy. construct of the field, and enumerates a number of Competitive marketing -
Resort & Golf Club Lake Placid
RESORT & GOLF CLUB LAKE PLACID RefeRence Guide 101 Olympic Drive, Lake Placid, NY 12946 phone: (518) 523-2556 • fax: (518) 523-9410 • e-mail: [email protected] • www.lakeplacidcp.com Crowne Plaza Resort & Golf Club Golf & Resort Plaza Crowne R efe R Guest ence Chalets Sky Room G uide 708 - S - ite 707 Olympic P lan 179-291 Room West Wing West South Parking Lot Sun Terrace Fitness Center e-mail: [email protected] e-mail: Indoor High Peaks Room Side Pool Pool 2nd Floor South Atrium Entrance Prefunction Lobby Adirondack Wing 102-442 (Even) Library Grandview Room South Entrance Fireplace 100-439 (Odd) Lobby MacKenzie’s • • Guest Rooms Restaurant p: (518) 523-2556 (518) p: ATM Business Center Front Birch Desk Room Hillcrest Avenue Bar 160-468 (Even) Main Entrance Adirondack Great Room 161-467 (Odd) Wing Lobby • • f: (518) 523-9410 (518) f: Grandview Cottage Grandview Cottage Rooms 11-15 Mirror Lake Room Base Floor 2nd Floor Veranda Restaurant Tennis Court Olympic Drive RefeRence Guide - ReSoRt and aRea infoRmation amenities Guest Room DescRiptions confeRence facilities Locatedinvillagecenter,overlookingthelake TraditionalRoomsinMainHotel:2Doublebeds, Forgroupsof10to700,our26multipurpose roomscomprising30,000squarefeetofversatile 2Queenbeds,or1Kingbed,Hotel’schoice. Full-serviceresortspanningover1,000acres conferenceandfunctionspaceisunmatchedby Over30,000squarefeetofeventspace KingJacuzziRoomsinMainHotel:overlook anyotherfacilityinLakePlacid.Inadditionto lake,Kingbed&Jacuzzi. ourconvenienton-sitefacilitiesweofferoff-site 249Roomfull-serviceresorthotel(fourfloors) -
The Marketing Plan
The Marketing Plan The most important part of a business plan is the Marketing Plan. To keep one’s business on course this plan must be geared toward the business’s mission—its product and service lines, its markets, its financial situation and marketing/sales tactics. ♦ The business must be aware of its strengths and weaknesses through internal and external analysis and look for market opportunities. ♦ The business must analyze its products and services from the viewpoint of the customer—outside-in thinking. What is the customer looking for and what does the customer want (benefits)? The business must gain knowledge of the marketplace from its customers. ♦ The business must analyze its target markets. What other additional markets can the business tap into and are there additional products or services the business can add? ♦ The business must know its competition, current and potential. By identifying the competitor’s strengths and weaknesses the business can improve its position in the marketplace. ♦ The business must make decisions on how to apply its resources to the target market(s). ♦ The business must utilize the information it has gathered about itself, its customers, its markets, and its competition by developing a written Marketing Plan that provides measurable goals. The business must select marketing/sales tactics that will allow it to achieve or surpass its goals. ♦ The business must implement the plan (within an established budget) and then measure its success in terms of whether or not the goals were met (or the extent to which they were). The Marketing Plan is an ongoing tool designed to help the business compete in the market for customers. -
Product, Place, Price & Promotion -! Marketing Strategy
Marketing – product, place, price & promotion !! Marketing strategy: the way marketing activities are put together to achieve the organisation’s aim for the brand. !! Marketing mix: set of manageable elements in a marketing plan, adjusted to implement the marketing strategy o! Product: ‘total product’ = core, actual & augmented !! What: physical good, services or experiences (others can include; events, person, political, cause- related, not-for-profit or experiences !! 3 competitive strategies = build a better product at the market price, build the same product at lower price & create a monopoly through customer franchise !! Product differentiation = create a monopoly over that segment of the market represented by their loyal customers; adding meaningful and valued differences to distinguish the product from the competition. •! Achieved through: product, services, personnel, channel, brand name/image or gaining speed and first mover advantages. !! Consumer product types: convenience, shopping, unsought goods & specialty !! Product line + product mix !! Brand = intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competitors. •! Through: attributes, benefits, values & personality •! Brand equity: brand awareness, preferences & loyalty (differential effect) •! Types: manufacturer, distributer, generic brand, co-branding & licensing !! New product development (NPD) strategy: obtain new products through acquisition or internal new-product development process (idea generation -
Marketing Strategy Template
MARKETING STRATEGY TEMPLATE START-UP ORGANISATION, PRODUCT OR SERVICE ACEVO/IG/Marketing Strategy/V3-DN 1 Executive Summary – rundown of what’s in the document (often completed last) Purpose Use this template to capture the key information that you need to develop a thorough marketing strategy. Then use the information that you collect, along with other *development tools, to build your marketing strategy. This template is divided into the following question sections: 1. Background 4 2. Market 5 3. Target Audience 6 4. Competition 7 5. Offering 8 6. Messages 9 7. Sales and Buying Process 10 8. Pricing 11 *Other development tools you may use: SWOT (strength, weakness, opportunities and threats) Pest(le) (external scan of the political, economical, social technological, legal and environment surroundings) Competition Analysis (external scan of what, and how others do business, their strengths & products) Environmental Scan (internal scan often used to considering the factors that will influence the direction and goals of your organization) Scenario Planning (often used to assess what if actions) Psychometric/Personality Assessment (often used internally to gauge behaviour, identify hidden skills and capabilities of employees) Focus Groups (often carried out as part of strategic planning) ACEVO/IG/Marketing Strategy/V3-DN 2 Marketing Strategy Template New / Start – Up Organisation or Service 1. Background A. What business are we in? (What needs does our organisation meet in the marketplace?) (2–3 sentences) B. What services and/or products do we provide? (1 paragraph) C. What are our organisation’s objectives over the next two years? Be as specific as possible, and make sure to address the following goals: • Number of users/customers • Revenue • Profit • Market share ACEVO/IG/Marketing Strategy/V3-DN 3 D. -
15.834 Marketing Strategy
15.834 Marketing Strategy • Cases and lectures • Letter of Complaint 15.834 Marketing Strategy Objectives • Identify, evaluate, and develop marketing strategies • Evaluate a firm’s opportunities • Anticipate competitive dynamics • Evaluate the sustainability of competitive advantages 15.834 Marketing Strategy Target Audience • Consultants • Investment Analysts • Entrepreneurs • Product Managers 15.834 Marketing Strategy I What Is Marketing Strategy? What is Marketing Strategy? Finding Profit Opportunities Creating Competitive Advantage Challenging Competitive Advantage Creating Corporate Advantage 15.834 Marketing Strategy Question: How can a firm earn sustained, superior returns? 1. Create value 2. Capture value 3. Continue to do this A Marketing Strategy is an integrated set of choices about how we will create and capture value, over long periods of time. 15.834 Marketing Strategy A good marketing strategy meets three tests 1. External consistency 2. Internal consistency 3. Dynamic consistency 15.834 Marketing Strategy External fit: Finding Profit Opportunities Technology Suppliers Competitors Marketing Complementors Strategy Customers End User Preferences The Environment shapes, and is shaped by, Marketing Strategy. 15.834 Marketing Strategy Value Creation: Some Definitions Value created: Customer willingness to pay - supplier opportunity cost Value created by a firm = Value created by all - Value created by all others A player is your competitor if - customers value your product less when they have hers as well - suppliers value your -
2020 Remsen-Lake Placid Amendment (PDF)
Remsen-Lake Placid Travel Corridor Amendment to the 1996 Remsen-Lake Placid Travel Corridor Unit Management Plan Final Supplemental Environmental Impact Statement River Area Management Plans for the Main Branch of the Saranac River, the Main Branch of the Raquette River, Middle Branch of the Moose River, North Branch of the Moose River, South Branch of the Moose River, and Main Branch of the Moose River NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION 625 Broadway, Albany NY 12233 NEW YORK STATE DEPARTMENT OF TRANSPORTATION 50 Wolf Road, Albany, NY 12232 www.dec.ny.gov May 2020 This page intentionally left blank. M E M O R A N D U M TO: The Record FROM: Basil Seggos SUBJECT: Remsen-Lake Placid Travel Corridor The Adirondack Park Agency has found the 2020 proposed final Amendment to the 1996 Remsen-Lake Placid Travel Corridor Unit Management Plan (2020 UMP Amendment) to be in conformance with the Adirondack Park State Land Master Plan (APSLMP). The 2020 Amendment is consistent with Environmental Conservation Law, and Department Rules, Regulations and Policies and, pursuant to the APSLMP, is hereby approved and adopted by the Department of Environmental Conservation. ______________________________________________ Basil Seggos Commissioner New York State Department of Environmental Conservation Date: __________________________ This page intentionally left blank. WYORK ANDREW M. CUOMO TEOF Department of Governor ORTUNITY- Transportation MARIE THERESE DOMINGUEZ 4 Commissioner MEMORANDUM TO: The Record FROM: Marie Therese Dominguez SUBJECT: Remsen-Lake Placid Travel Corridor The Amendment to the 1996 Remsen-Lake Placid Travel Corridor Unit Management Plan has been completed. The Adirondack Park Agency has found the Plan to be in conformance with the Adirondack Park State Land Master Plan.