martketing

In addition, conduct independent research to develop a case study based on REI.
Your research resources should include the REI organization’s Web site, but you are also expected to use information about REI that has been gathered by organizations that are devoted to marketing research. These organizations are referred to as secondary sources. A short list of secondary sources is provided for you in the REI Case Study – Research Guide. Use these sites to get your research started. You are encouraged to explore further secondary sources.
Conduct your research on REI, focusing on the following topics:
How does the current U.S. economy affect REI retail operations?
How does the current global economy affect REI retail operations?
What types of legal and regulatory forces affect REI in the U.S.?
What types of social and culture trends affect REI?
What types of technology changes affect REI?
ORGANIZATIONAL PROFILE DEVELOPMENT
Based on your research, develop an organizational profile for REI’s marketing environment, analyzing the key environmental factors of the U.S. economy, global economy, legal and regulatory environment, socio-cultural forces, and technological forces.
Identify three or more of the secondary sources of information available for conducting market research on REI.
Develop a short analysis of the value of these secondary sources, specifically in gathering information on REI.How might these secondary sources be used to develop an integrated marketing plan?
How valuable would their information be in developing a marketing plan that would contribute to the company’s economic success?

ADDITIONAL REQUIREMENTS
Written communication: Written communication is free of errors that detract from the overall message.
APA formatting: Resources and citations are formatted according to current APA style and formatting.
Font and font size: Times New Roman, 12 point.

1 day ago

QUESTIONS TO CONSIDER
To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
SHOW LESSBased on your research of an organization:How does the organization’s positioning in the marketplace compare to its competitors?
How are its product lines similar or different?
If you consider a particular product category, such as outdoor apparel, how do the marketing strategies compare?
How does this relate to the target market segments for these companies?

Increasingly, social media sites are utilizing and sharing consumer information that many people consider private, such as their geographic location and their purchasing preferences. This has resulted in some controversy for organizations like Apple and Google.
How can marketing departments utilize consumer information from social media to benefit their companies and their customers, while also taking into account privacy concerns?

This research guide can be used as a starting point for investigating REI’s marketing practices.
Explore the Recreational Equipment Incorporated (REI) Web site for an overview of the company philosophy, products, and services. Check out the content of the About REI section of the Web site. Note: The following company background information was formerly presented on the Web site.
REI’s thriving spirit was born in the 1930s when Pacific Northwest mountaineer Lloyd Anderson began his search for an ice axe. Lloyd wanted a reliable tool at a reasonable price but had no success in finding one locally. He eventually found a high-quality model in an Austrian alpine gear catalog for a mere $3.50, shipping included. Word about his find quickly spread among Seattle’s climbing community, which led Lloyd and his wife, Mary, to convene with 21 fellow climbers to establish an outdoor gear co-op in 1938 (REI, 2007).You might find it interesting to compare this historical outline with the content currently featured on the About REI page.
In this course, you will also be required to use secondary research resources. Explore and review the marketing research resources of the organizations below:
National Sporting Goods Association.
Sports and Fitness Industry Association.
Use the Internet Archive tool, the WayBack Machine, to search for REI.com and you will find historical versions of REI Web site pages. Select a few pages and compare REI’s former prices and product offerings with the current online catalog.
Secondary research resources can also be found through organizations affiliated with REI. Entre Prises USA, Inc., the organization that built the first climbing wall in the REI flagship store, provided the following secondary research information about REI:
“REI opened the doors to its flagship store in Seattle, in 1996.
This large retail store is located adjacent to Interstate 5 in downtown Seattle.
Up to 250,000 people drive by the store every day. It was important to REI to capture their attention.
REI looked to Entre Prises to build a 65 ft. freestanding structure that would be the central focus of the store.
After ten months of construction, 4 miles of rebar, and 120 tons of concrete, the ICON for REI was sculpted. REI has received unparalleled media response from the climbing wall. People wait hours to climb the Entre Prises Pinnacle and in the first year over 10,000 people climbed it, and the interest continues to grow!” (Entre Prises USA, Inc., 2007).
ReferencesEntre Prises USA, Inc. (n.d.). REI flagship store: Entre prises creates a masterpiece! Retrieved from http://www.epusa.com/featured_project.php?otype=i