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Sharing Economies

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Introduction With the contemporary world being the stage for many organizations to expand and many new start-ups to come in to play and with nearly all of the said businesses planning to one day go international, it is safe to assume that the concept of sharing economies is becoming problematic in the sense that it allows consumers to collaboratively share and exchange goods from each other and not require the services of an organization who will provide it at a higher price. Many contemporary business professionals have dubbed sharing economies as the third revolution that is to take place after the agricultural and industrial revolutions and the impact it may develop in the future is evident. For example, the app Travelocity has taken the entire travel agents industry out with a single algorithm. Apps like Uber and Air B&B are rivalling the established taxi companies and hotel chains. Recently, in 2015, a modified version of Uber to suit Sri Lanka called PickMe was released....

Marketing and Feminism

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Introduction Marketing and feminism gravitate in two different, yet allied fields. Therefore, they have often intersected. One such instance was when issues arose while segmenting consumers according to the binary genders and stereotypical gender assumptions that made women inferior to men were made. (Catterall, Maclaran & Stevens, 2013) Throughout time, marketing campaigns that utilized women as mere objects evoked. In light of the situation, many feminists have pointed out the ill-portrayal of women in advertisements, the illusion of feminism in organizations which is erroneously crafted and the problematic nature of them. Marketing has the ability to create normality as many women try to identify with similar figures around them. As this could potentially inflict psychological damage upon women and limit them to a stereotypical role, marketers have been accused as the causers of this situation and not conducting their duties responsibly. Consumers have even gone on to boy...

Search Engine Optimization

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Introduction Search Engine Optimization (SEO) refers to the optimization of a website in order for it to appear at a high rank within the organic search results. (Forbes, 2018) SEO is becoming increasingly important to organizations as in the contemporary digitalized world, the first step consumers would take before purchasing a product is conducting a search online. Search engines such as Google and Microsoft’s Bing analyse the content and ranking of websites before matching them with search terms and displaying a list of results. Therefore, if an organization’s website is optimized for search, they would appear high among the search results and customers would be aware of them. This would lead to increased opportunities to acquire customers, achieve a competitive edge and increase revenue. On the other hand, if an organization’s website is not well optimized for search, they would lose the aforementioned assets. The causes for the above are that many consumers are only drawn t...

User Generated Content vs. Corporate Generated Content

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Introduction User Generated Content (UGC) refers to any brand related subject matter that has not been created inside professional practices (Christodoulides et al.,  2012 ), while Corporate Generated Content (CGC) is created and published by organizations. At contemporary times, consumers have increasingly begun to trust UGC substantially more than CGC. This is a current issue in marketing as organizations have no control over UGC and possible unfavourable remarks made regarding a brand are negatively associated with successfully communicating a brand message and capturing the target market. As appealing to the target market enables customer acquisition, retention and growth, failure to communicate the brand message appropriately would make the organization experience stagnant growth, strategic incompetency and below-average returns. Therefore, marketers of this day and age are expected to find a means of effectively managing UGC and use it for the betterment of the or...