In general, the virtual race industry is a competitive market space, with a range of companies competing against each other, attempting to gain a dominant market position. Your Virtual Race is keen to utilise its recent market success and build a solid reputation in this space to attract new clients. As part of this, you will need to conduct:
1. Market Analysis for both the workplace wellness market and the charity fundraising markets.
2. A direct competitor analysis, looking at Your Virtual Race, Virgin Pulse and Strava across key criteria.
3. A TOWS Analysis of Your Virtual Race.
4.Research on the type of marketing messages used to promote Wellness and participation in Charity fundraising events.
Nonprofit organizations have grown tremendously in the last three decades. With this growth has come a greater interest from the nonprofit sector in the importance of marketing. Nonprofits did not apply marketing techniques until 1960–1970, but it is now a well accepted practice. Traditional marketing strategies do not work for nonprofit organizations, and this study proposes the development of a new marketing strategy specifically for this sector. Through the use of interviews and surveys, the authors examine issues of marketing strategy that are distinct for nonprofits. Unlike previous studies, this study examines these issues from the viewpoint of the nonprofit organization. The perception of marketing is different in nonprofit organizations, and the strategic implications of this finding are discussed.