<ul><li>The art and science of choosing target markets and building profitable relationships with them. </li></ul><ul><li>...
Finding and increasing demand, also changing or reducing demand such as in demarketing. Demand Management Temporarily or p...
Customer Needs Product Price Promotion Distribution Customer Needs Product Price Promotion Distribution
 
Production Concept Product Concept Selling Concept Marketing Concept Societal Marketing Concept Customer-Driven
 
 
<ul><li>The set of benefits or values a company promises to deliver to consumers to satisfy their needs. </li></ul>It clea...
<ul><li>Customer’s evaluation of the difference between all the benefits and all the costs of a marketing offer relative t...
<ul><li>Dependent on the product’s perceived performance relative to a buyer’s expectations. </li></ul>
<ul><li>Customer Lifetime Value </li></ul><ul><ul><li>The entire stream of purchases that the customer would make over a l...
<ul><li>Customer equity is the total combined customer lifetime values of all of the company’s customers. </li></ul>
Projected loyalty High Profitability Low Long-term customers Short-term customers Good fit between company’s offerings and...
#1 #2 Market Segmentation: Divide the market into segments of customers Target Marketing: Select the segment to cultivate
Rapid Globalization Ethics & Social Responsibility New World of Marketing Relationships  Not-for-Profit Marketing
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Intro marketing -management

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Intro marketing -management

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  • Chapter 1 Page 3
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  • Chapter 1 Page 16
  • Intro marketing -management

    1. 2. <ul><li>The art and science of choosing target markets and building profitable relationships with them. </li></ul><ul><li>Questions to ask: </li></ul><ul><li>What customers will we serve? </li></ul><ul><ul><li>What is our target market? </li></ul></ul><ul><li>How can we best serve these customers? </li></ul><ul><ul><li>What is our value proposition? </li></ul></ul>
    2. 3. Finding and increasing demand, also changing or reducing demand such as in demarketing. Demand Management Temporarily or permanently reducing the number of customers or shifting their demand. Demarketing
    3. 4. Customer Needs Product Price Promotion Distribution Customer Needs Product Price Promotion Distribution
    4. 6. Production Concept Product Concept Selling Concept Marketing Concept Societal Marketing Concept Customer-Driven
    5. 9. <ul><li>The set of benefits or values a company promises to deliver to consumers to satisfy their needs. </li></ul>It cleans and freshens like sunshine! http://www.gainlaundry.com
    6. 10. <ul><li>Customer’s evaluation of the difference between all the benefits and all the costs of a marketing offer relative to those of competing offers. </li></ul>
    7. 11. <ul><li>Dependent on the product’s perceived performance relative to a buyer’s expectations. </li></ul>
    8. 12. <ul><li>Customer Lifetime Value </li></ul><ul><ul><li>The entire stream of purchases that the customer would make over a lifetime of patronage. </li></ul></ul><ul><li>Share of Customer </li></ul><ul><li>The share a company gets of the customers purchasing in their product categories. </li></ul>
    9. 13. <ul><li>Customer equity is the total combined customer lifetime values of all of the company’s customers. </li></ul>
    10. 14. Projected loyalty High Profitability Low Long-term customers Short-term customers Good fit between company’s offerings and customer’s needs; high profit potential Limited fit between company’s offerings and customer’s needs; low profit potential Little fit between company’s offerings and customer’s needs; lowest profit potential Good fit between company’s offerings and customer’s needs; highest profit potential Strangers Butterflies True Friends Barnacles
    11. 15. #1 #2 Market Segmentation: Divide the market into segments of customers Target Marketing: Select the segment to cultivate
    12. 16. Rapid Globalization Ethics & Social Responsibility New World of Marketing Relationships Not-for-Profit Marketing
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