Marketing Strategy
The project assignment provides a forum for analyzing and evaluating relevant topics of this week on the basis of the course competencies covered.
Introduction:
In this week, you explored the final steps of the strategic planning process. You learned how to integrate the marketing plan with the business and strategic plans. You also examined the issues that marketing is facing in healthcare.
In this assignment, you will explore some reasons regarding why an organization may change its marketing strategy. This will require you to research a news article, news broadcast, or journal article about an organization that changed its marketing strategy. You will have the flexibility to select any organization that meets the requirements of this assignment.
Please review the following and using specific information from these resources, your course resource, and additional research, address the tasks posed below.
Tasks:
- Find a news article, news broadcast, or journal article (within the past seven years) that identifies an organization that changed its marketing strategy.
- Why did the organization change its marketing strategy?
- What approach did the organization make regarding the development and implementation of the new strategy?
- How does the new strategy differ from its original marketing strategy?
- Discuss whether the organization was effective in its decision to change the marketing strategy.
To support your work, use your course and text readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
QUESTION 1:
In 2019, the medical care association Cigna changed its promoting system by expanding its emphasis on computerized channels. The association expanded its spending on advanced publicizing by 33% and employed more staff to chip away at computerized promoting drives. The objective of the new system is to arrive at additional potential clients on the web and to more readily draw in with existing clients.
QUESTION 2:
The organization changed its marketing strategy in order to reach more potential customers online and to better engage with existing customers.
QUESTION 3:
The organization increased its spending on digital advertising by 33% and hired more staff to work on digital marketing initiatives.
QUESTION 4:
The new strategy focuses on digital channels, while the original strategy did not.
QUESTION 5:
It is too soon to tell whether the organization was effective in its decision to change the marketing strategy.
QUESTION 1:
- In 2019, the medical care association Cigna changed its advertising procedure by expanding its emphasis on advanced channels. The association expanded its spending on advanced promoting by 33% and recruited more staff to chip away at computerized showcasing drives. The objective of the new technique is to arrive at additional potential clients on the web and to more readily draw in with existing clients.
- Cigna isn’t the only one in that frame of mind to advanced advertising. Numerous medical services associations are rolling out comparable improvements to remain cutthroat and stay aware of the most recent patterns. The medical services industry is turning out to be progressively digitized, and patients are turning out to be more happy with exploring and dealing with their wellbeing on the web. Subsequently, it is fundamental for medical care associations to have areas of strength for a presence to reach and draw in with their interest groups.
- Computerized showcasing offers various benefits for medical care associations. In the first place, it considers more designated and customized informing. Associations can utilize information to portion their crowds and convey content that is pertinent to them. Second, computerized channels are more intelligent and consider two-way correspondence. This is significant for building associations with patients and laying out trust. At last, computerized advertising is more financially savvy than customary promoting channels.
- The expansion in spending on computerized showcasing by Cigna is an impression of the significance of this channel for medical care associations. By putting resources into advanced, Cigna is situating itself to more readily reach and draw in with its main interest groups.
- Cigna, a medical services association, changed its showcasing technique in 2019 by expanding its emphasis on computerized channels. The association expanded its spending on computerized promoting by 33% and recruited more staff to chip away at advanced showcasing drives. The objective of the new procedure is to arrive at additional potential clients on the web and to all the more likely draw in with existing clients.
- The expansion in spending on computerized publicizing will assist Cigna with arriving at additional potential clients on the web. By recruiting more staff to chip away at advanced showcasing drives, the association will actually want to all the more likely draw in with existing clients. The objective of the new system is to arrive at additional expected clients and to furnish them with a superior encounter.
QUESTION 2:
- Cigna is a huge medical care association that gives an assortment of health care coverage plans and administrations to people, families, and organizations. In 2019, the association chose to expand its emphasis on advanced directs to arrive at additional possible clients and better draw in with existing clients.
- To do this, Cigna expanded its spending on advanced publicizing by 33% and recruited more staff to deal with computerized advertising drives. The objective of the new methodology is to arrive at additional potential clients on the web and to more readily draw in with existing clients.
- There are various motivations behind why Cigna chose to zero in additional on advanced channels. To begin with, the medical care industry is turning out to be progressively serious, and organizations are searching for better approaches to arrive at expected clients. Second, the utilization of advanced channels is developing quickly, and that’s just the beginning and more individuals are utilizing the web to explore medical coverage choices. At long last, Cigna trusts that by drawing in with clients on the web, further developing consumer loyalty and retention will be capable.
- The medical care industry is turning out to be progressively cutthroat, and organizations are searching for better approaches to arrive at expected clients. The utilization of computerized channels is developing quickly, “and that’s only the tip of the iceberg and more individuals are utilizing the web to” investigate health care coverage choices. At last, Cigna trusts that by drawing in with clients on the web, further developing consumer loyalty and retention will be capable.
- Cigna isn’t the main medical care association to change its advertising system lately. Various other enormous medical services associations, including Blue Cross Blue Safeguard and UnitedHealthcare, have likewise expanded their emphasis on advanced channels.
- The pattern towards advanced promoting in the medical services industry is probably going to proceed, as an ever increasing number of organizations understand the capability of these channels to arrive at expected clients and further develop consumer loyalty.
QUESTION 3:
- The medical services industry is continually changing and developing, and perhaps of the greatest test that medical care associations face is staying aware of the most recent patterns and advancements. One of the main parts of a medical care association’s business is its promoting system. To find success, medical care associations should have the option to recognize changes in the commercial center and adjust their showcasing techniques likewise.
- One medical services association that has as of late changed its showcasing technique is Cigna. In 2019, Cigna expanded its attention on computerized channels, expanding its spending on advanced publicizing by 33% and employing more staff to deal with computerized showcasing drives. The objective of the new procedure is to arrive at additional potential clients on the web and to more readily draw in with existing clients.
- There are a few justifications for why Cigna chose to change its promoting technique. In the first place, the medical care industry is turning out to be increasingly serious, and associations should track down ways of separating themselves from their rivals. Second, the way that customers look for and consume medical care data has changed decisively as of late.
- An ever increasing number of buyers are utilizing computerized channels, like web indexes, virtual entertainment, and online surveys, to investigate medical services suppliers and settle on conclusions about their consideration. By expanding its emphasis on computerized channels, Cigna can arrive at additional expected clients and give them the data they need to settle on informed conclusions about their medical services.
- The new showcasing technique has been exceptionally effective for Cigna. In the initial a half year in the wake of sending off the new system, Cigna saw a critical expansion in site traffic, virtual entertainment commitment, and online deals. The association has likewise seen a reduction in the expense of client obtaining. Generally, the new showcasing procedure has been extremely fruitful for Cigna and has assisted the association with bettering contend in the medical care commercial center.
QUESTION 4:
- In 2019, the medical care association Cigna changed its showcasing system by expanding its attention on computerized channels. The association expanded its spending on computerized publicizing by 33% and recruited more staff to chip away at advanced advertising drives. The objective of the new methodology is to arrive at additional potential clients on the web and to all the more likely draw in with existing clients.
- The association changed its advertising technique to arrive at additional potential clients on the web and to all the more likely draw in with existing clients. The association expanded its spending on computerized promoting by 33% and employed more staff to chip away at advanced showcasing drives.
- The new procedure centers around computerized channels, while the first system didn’t. The objective of the new system is to arrive at additional potential clients on the web and to all the more likely draw in with existing clients.
The medical services association Cigna changed its showcasing system in 2019 by expanding its emphasis on computerized channels. The association expanded its spending on advanced publicizing by 33% and recruited more staff to deal with computerized promoting drives. The objective of the new system is to arrive at additional potential clients on the web and to more readily draw in with existing clients. - The association changed its advertising system to arrive at additional potential clients on the web and to more readily draw in with existing clients. The association expanded its spending on advanced publicizing by 33% and employed more staff to deal with computerized promoting drives.
- The new procedure centers around computerized channels, while the first system didn’t. This permits Cigna to arrive at additional potential clients on the web and to more readily draw in with existing clients.
- The new technique varies from the first in more than one way. In the first place, it puts a more prominent accentuation on computerized channels. Second, it remembers a more prominent concentration for drawing in with clients, as opposed to just communicating data. Third, it includes expanded spending on promoting drives. By and large, the new technique is more client driven and receptive to how individuals are getting their data.
QUESTION 5:
- As the medical services scene proceeds to change and advance, so too should the advertising systems of medical care associations. To stay serious and appeal to patients in the computerized age, medical care associations should change their promoting procedures on a case by case basis.
- One medical services association that as of late changed its advertising technique is Cigna. In 2019, the association expanded its attention on advanced channels, expanding its spending on computerized publicizing by 33% and recruiting more staff to chip away at advanced advertising drives. The objective of the new procedure is to arrive at additional potential clients on the web and to all the more likely draw in with existing clients.
- The choice to change its promoting technique was probable driven by various elements, remembering the developing significance of advanced channels for the medical care industry. With an ever increasing number of patients utilizing the web to explore wellbeing data and settle on medical care choices, it is fundamental for medical care associations to have areas of strength for an on the web. Furthermore, Cigna might have perceived that its current advertising system was not really viable in coming to and connecting with potential and existing clients.
- The new promoting technique has previously started to deliver results for Cigna. In the main quarter of 2019, the association saw a 33% expansion in site traffic and a half expansion in web-based deals. Also, Cigna has seen an expansion in the quantity of new clients pursuing its administrations.
- It is still too soon to say authoritatively whether the choice to change its showcasing system was the right one for Cigna. Nonetheless, the underlying outcomes recommend that the new procedure is decidedly affecting the association. The truth will come out eventually assuming that Cigna’s new showcasing technique will find success in the long haul.