Question

In: Economics

Discuss how companies can make use of technology to enhance marketing activities in underdeveloped countries.

Discuss how companies can make use of technology to enhance marketing activities in underdeveloped countries.

Solutions

Expert Solution

Under developed countries are those countries which are still growing. It is very essential to make use of the technologies available to boost the marketing activities. It helps to increase the overall growth of the country. The firm can utilize the social media to reach the ultimate customers and to maintain customer relationships. The technologies help the firm to collect the marketing data and organize it easily. The firm can use modern techniques to advertise their products and services. Nowadays ads through digital platform are seemed to be very attractive. Majority of the customers are very active in social media's. Thus it is cost effective and effective measure for marketing the products.

Mobile marketing is another modern technology which is used to promote the products and services of an organization. This technology can be used to provide timely information to thee customers regarding the new products launched by the firm. The organizations can use email marketing technique to attract customers towards the product. Emails are very common mode of communication today. The firms can communicate the information about the product and services to very people at anytime using emails. It is very cost effective and attractive. Customer relationship management is a key tool which helps the organizations to check the reach ability of every product offered in the market. It includes sales force, hub spot, intercom etc. The firm can maintain proper relationship with their customers and also increase the value of the products by making necessary corrections.

Mobile marketing, SMS marketing, QR codes, smart phone applications etc are cost effective marketing techniques. Thus the firms in underdeveloped countries can promote their products and increase sales by utilizing such cost effective techniques. All these marketing strategies help the organizations to achieve growth and success. Such technologies can be used to conduct personalized campaigns which will be very helpful to enter into the minds of very people. QR code is very popular marketing strategy in today’s world. People are able to collect all the data regarding a product by scanning the QR code shown in the packet. The technologies the firm can use to enhance their marketing activities include social media, conversation optimization, advertising, analytics, marketing automation etc. It reduces the efforts of the firm. The organizations can reduce thee cost on advertisement using this marketing tool. Compared to a developed country, undeveloped countries will have very less resources. But all these techniques help the firm to use the financial and non financial resources effectively for economic growth and welfare of people.


Related Solutions

As a marketing manager in one of the leading companies in US. Discuss all the activities...
As a marketing manager in one of the leading companies in US. Discuss all the activities in creating value for customer's till capture the value from customers in return ?
discuss how can social marketing make uae society happy ?
discuss how can social marketing make uae society happy ?
Suggest certain marketing activities and events that enhance the degree of experiential branding and relationship marketing...
Suggest certain marketing activities and events that enhance the degree of experiential branding and relationship marketing for Lipton?
How can technology enhance the effectiveness of CQI? 2. What are some of the challenges that...
How can technology enhance the effectiveness of CQI? 2. What are some of the challenges that prevent technology from fully being integrated in CQI? Please provide examples.
Michael Porter suggests seven ways in which companies can incorporate E-marketing into marketing and sales activities...
Michael Porter suggests seven ways in which companies can incorporate E-marketing into marketing and sales activities (Section 11-2). Choose an organization that has an online presence and provide real-world examples for two of these methods. Explain how/why these methods are appropriate for your chosen organization.
discuss microfinance activities in developing countries
discuss microfinance activities in developing countries
Technology is one tool teams can use to enhance networking, solve problems, and engage the collective...
Technology is one tool teams can use to enhance networking, solve problems, and engage the collective wisdom needed for high performance.
Please answer in paragraph: Discuss how companies can use the Internet to build their brands. Discuss...
Please answer in paragraph: Discuss how companies can use the Internet to build their brands. Discuss the role of digital media in a marketing strategy.
Analyze how technology can enhance infectious disease tracking and control practices and related communication
Analyze how technology can enhance infectious disease tracking and control practices and related communication
How can information technology be used to enhance patient safety? Be specific and explain your answers.
How can information technology be used to enhance patient safety? Be specific and explain your answers.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT