In
the first video, according to the Narrator of this video, Carl Genaflek did
meet the old employee after several months. The company of Carl and Genaflek
marketing has been acquired by the company of Regina as well as social
marketing analytics. The new company name was the RPZ marketing that was
acquired from the new results from the acquisition. Furthermore, on the video,
Ravin has introduced himself who is the manager of the business development in
the RPZ marketing. He did tell so many things about the new notable developments
in the company, as well as tell about some of the very interesting strategies
of the marketing that are very useful for the business maximization. The
company is a new one in the market that is considered as a merger among Genaflek
marketing as well as the social media analytics of RPZ marketing.
As a pioneering leader within
industry of marketing, what the things Genaflek marketing brings on the table
that has the experience of thirty years as well as what the social media
analytics of the RPZ company brings on the table that has some kind of
expertise within the strategies of the contemporary social media marketing such
as the optimization of the search engine. They will be serving your diverse
media requirements with the conjoint expertise that are better than others
within the industry of marketing.
Carl introduced himself in this
video with the name of Carl Genaflek who is the founder of Genaflek marketing. He
is very happy as well as very excited to have a new partnership. He said that it
will be benefitted by both of their new as well as old customers through
associated expertise of both of the companies. To spend extra time with the
family, he will be parting for day to day running of the marketing business
while he will continue to play very active roles with the marketing company.
Ravin said that there is no one
fit size for all solutions in the business of nowadays for the requirements of
the marketing. They will be able to form the service package individually that the
leverage of the traditional strategies for the marketing as well as the
innovative leverages of marketing strategies which can reflect the dynamic
world of the social media.
Josh said that for the Genaflek
family for about 10 years, he has been an honoured part as well as that he is excited
about the notable opportunities which come with this kind of merge of the
company. I look forward to working with old customers as well as the consumers
for the formation of the new social media strategies of the groundbreaking as
well as he also looks forward to the working with those clients who are new for
developing the comprehensive strategies form up ground.
Furthermore, Regina said that they
are thrilled to avail the new opportunity for serving the needs of
distinguished marketing. In the last of the video, ravin said that they are all
in RPZ marketing company is now looking forward to working more in the
effective as well as efficient way as well as the clients of the company within
the new innovative and the new ways.
Critically reviewing the
information presented in the video, it can be said that information is
supportive of modern HRM and business management approaches. RPZ marketing
company understands the requirements of the market and customers. Considering
individual identities, the role of organization and competitive forces in the
market RPZ marketing company has concluded that each company has different
marketing needs. RPZ marketing company claim that they cannot serve all client
companies with the single best strategy or a one-size-fits all solution. Thus,
in order to serve clients in a better way and to fulfil the needs of clients companies
need to provide the appropriate and individualized service packages. Thus, they
would be able to create a positive and strong image in the targeted market. Analyzing this information in a critical way
we can say that RPZ strategy to serve with individualized service package is
the best strategy in this competitive market as with this strategy they can
develop the groundbreaking strategy and reflect the strong position in the
dynamic world of marketing. Josh raised the point of working with the old
clients of both companies before the decision of merger.
According to the video, serving
the old clients of the company was considered as an opportunity of groundbreaking
in the area of marketing by Josh. According to the modern theories of customer
relationship management, organizations should focus on long term relationship
building with their client. Loyal and satisfied clients work as an asset for
the company because the company can use them anytime by selling out their new
products and services (media.capella.edu, 2019). Thus considering
this, we can evaluate this business decision as an appropriate decision for
Genaflek Company as it will enable this company to build customer equity in the
targeted market. Moreover, it will also support them to work against
competitive forces as digital marketing and social media marketing market as
many options and alternative products. Many companies working in this sector
are trying to take a position in the market with low-cost leadership strategy.
However, in this marketing strategy, Genaflek Company does not need to decrease
profit margin by lowering prices and charges of their offered products and
services. Thus, in this way, we consider it the best decision (media.capella.edu, 2019).
References of HRM (Human Resource Management) of
Genaflek
media.capella.edu.
(2019). RPZ Marketing: The Background. Retrieved from
media.capella.edu: http://media.capella.edu/CourseMedia/BUS3004/RPZ_marketing_video/BUS3004_marketing.asp
media.capella.edu. (2019).
Seeing the Big Picture. Retrieved from media.capella.edu:
http://media.capella.edu/CourseMedia/BUS3004/Seeing_video/BUS3004_seeing.asp