The document provides information about the course module on business marketing. It outlines the main texts to be studied, the assessment plan which includes a case analysis, project, and end term assessment. It describes the project requirements which involve analyzing business selling by different types of companies and trade shows. It lists the sub-topics to be covered in the project report such as company background, objectives, marketing challenges, and future scenario. It also provides characteristics of business marketing such as derived demand, close buyer relationships, and multiple buying influences. Finally, it asks whether Google is more focused on B2B or B2C and lists top performing B2B CEOs.
4. Project
1.Business Selling by a Company manufacturing basic raw materials,
e.g., cement, steel,
2.Trade Shows and Participation activity of a business company.
Analyse the benefits, advantages, and effectiveness of the
trade shows for the specific company.
3. Business selling by a company dealing in complete business
solution, e.g. complete fabrication of a factory for a
manufacturer.
5. Report
The report should comprise of the following sub-topics:
Company backdrop/history
Objective of Setting up the company
The key Drivers of the Business
The Product
The Target Audience
The Marketing Challenges
Present Scenario with Company Reports
The Future Scenario
Your learning and suggestions
6. Business Marketing
Products and services
Businesses Government Institutions
Customers
8. Business Marketing : Characteristics
Derived demand
Close relationship with buyer
Multiple buying influences
9. Business Marketing : Characteristics
Contd.
Goods bought by businesses,government bodies &
Institutions.
Higher business Volumes
Business firms buy to:
Facilitate production process
As a component of final goods or services.
Government & Institutions buy to:
Maintain and deliver services to their markets
10. Google
B2B or B2C?
Benefits advertisers by focused advertising
11. B2B TOP Performers
Ann Mulcahy: CEO ,Xerox Corporation
Jeffery Immelt: CEO, General Electric
Editor's Notes
Demand is derived from the demand of consumer Products. marketer must monitor the market pulse( preferences of end user). Business marketers can stimulate demand by influencing end customers directly .Eg SAIL Advertisement ( There is part of SAIL in everyone's life) Pricing of industrial goods will also be influenced by the price sensitivity of the end user of the final product. Eg canned soups -if end consumer is price sensitive, manufacturer of cans has to keep prices under control. Business marketer has to keep abreast of final consumer preferences ( demand) in order to be precise on pricing.
GM spends $125 billion annually on industrial products and services, which is more than the GDP of Ireland,Portugal,Greece or Turkey. Some companies cater to only businesses and never directly interact with final customer. Whereas others cater to both end users and business organizations. For eg .Dell caters in both markets. In such cases products are same but an entirely different approach is required to sell in these two different markets Dell's customer is Boeing. SMB companies constitute about 1 million customers of Dell in US. PC business caters to all market segments: Consumer markets & Business markets.