Objectives
Objectives
Course Organization
Course Organization
Tasks of Marketing
Tasks of Marketing
Major Concepts & Tools of Marketing
Major Concepts & Tools of Marketing
Marketplace Orientations
Marketplace Orientations
Marketing’s Responses to New
Marketing’s Responses to New
Course/Text Organization
Course/Text Organization
Part I - Understanding Marketing
Part I - Understanding Marketing
Management
Management
Part II - Analyzing Marketing
Part II - Analyzing Marketing
Opportunities
Opportunities
Part III - Developing Marketing
Part III - Developing Marketing
Strategies
Strategies
Part IV - Shaping the Market Offering
Part IV - Shaping the Market Offering
Part V - Managing & Delivering
Part V - Managing & Delivering
Marketing Programs
Defining Marketing
Defining Marketing
Marketing is a societal process by
Marketing is a societal process by
which individuals and groups obtain
which individuals and groups obtain
what they need and want through
what they need and want through
creating, offering, and freely
creating, offering, and freely
exchanging products and services of
exchanging products and services of
Core Concepts of Marketing
Core Concepts of Marketing
Product or Offering Product or Offering
Value and Satisfaction Value and Satisfaction Needs, Wants, and Demands Needs, Wants, and Demands
Exchange and Transactions Exchange and Transactions
Relationships and Networks Relationships and Networks Target Markets & Segmentation
Target Markets & Segmentation
Marketing Channels Marketing Channels
Supply Chain Supply Chain
Competition Competition
Simple Marketing System
Simple Marketing System
Industry (a collection
of sellers)
Market
(a collection of Buyers) Goods/services
Money
Communication
Manufacturer
markets
Services, Services, money moneyGovernment
markets
Services, Services, money money Services Services Services, Services, money money Taxes Taxes Taxes, Taxes, goods goods Taxes, Taxes, goods goods Taxes, Taxes, goods goods MoneyMoney MoneyMoney
Consumer
markets
Intermediary
markets
Goods, services
Goods, services Goods, servicesGoods, services Resources
Resources ResourcesResources
Resource
markets
Money
Money MoneyMoney
Structure of Flows
©2000 Prentice Hall
The Four Ps
The Four Ps
The Four Ps
The Four Ps
Marketing Mix
Product
Price Promotion
Place
The Four Cs
The Four Cs
Customer Solution
Customer Cost
Communication
Production Concept
Production Concept
Product Concept
Product Concept
Selling Concept
Selling Concept
Marketing Concept
Marketing Concept
Consumers prefer products that are widely available and inexpensive
Consumers favor products that offer the most quality, performance,
or innovative features
Consumers will buy products only if the company aggressively
promotes/sells these products
Focuses on needs/ wants of target markets & delivering value
better than competitors
Company Orientations
Towards the Marketplace
Market Integratedmarketing Profits throughcustomer satisfaction Customer
needs
(b) The marketing concept
Factory productsExisting Selling andpromotion Profits throughsales volume
Starting
point
Focus
Means
Ends
(a) The selling concept
Customer Delivered Value
Customers
Front-line people Middle Management
Top
Management
Traditional Organization Chart
Customer-Oriented
Organization Chart
Customer-Oriented
Organization Chart
Customers
Front-line people
Middle management
Top
manage-ment
Cu
stom
Evolving Views of Marketing’s
Role
Evolving Views of Marketing’s
Role
a. Marketing as an
equal function
Finance
Production
Marketing
resources
Human
b. Marketing as a more
important function
Finance
Human
resources
Marketing
Evolving Views of Marketing’s
Role
Evolving Views of Marketing’s
Role
c. Marketing as the
major function
Marketing
Fi
na
nc
e
H
um
an
re
so
ur
ce
s
Production
Evolving Views of Marketing’s
Role
Evolving Views of Marketing’s
Role
e. The customer as the controlling
function and marketing as the
integrative function
Customer
Marketing
Production
H
um
an
re
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s
Fi
na
Review
Review
Course Organization
Course Organization
Tasks of Marketing
Tasks of Marketing
Major Concepts & Tools of Marketing
Major Concepts & Tools of Marketing
Marketplace Orientations
Marketplace Orientations
Marketing’s Responses to New
Marketing’s Responses to New