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Business Marketing
MODULE READINGS

Main Texts

    Hutt D.Michael & Speh. Thomas, Business marketing
    Management B2B, Cengage India Pvt. Ltd.

    Reeder R., Robert, Brierty G. Edward, Reeder H, Betty:
    Industrial Marketing, Prentice-Hall publication.

    David Jobber & Geoff Lancaster, Selling & Sales
    Management, Pearson Education Publishers
ASSESSMENT PLAN


1. Case Analysis        20%

2. Project              20%

3.End Term Assessment   60%
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.
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
Business Marketing


        Products and services



Businesses    Government   Institutions

             Customers
Business Marketing Organizations
    World's Valuable Brands
Business Marketing : Characteristics



Derived demand




Close relationship with buyer




Multiple buying influences

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
Google
            B2B or B2C?



Benefits advertisers by focused advertising
B2B TOP Performers


Ann Mulcahy: CEO ,Xerox Corporation

Jeffery Immelt: CEO, General Electric

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Business selling session 1

  • 2. MODULE READINGS Main Texts  Hutt D.Michael & Speh. Thomas, Business marketing Management B2B, Cengage India Pvt. Ltd.  Reeder R., Robert, Brierty G. Edward, Reeder H, Betty: Industrial Marketing, Prentice-Hall publication.  David Jobber & Geoff Lancaster, Selling & Sales Management, Pearson Education Publishers
  • 3. ASSESSMENT PLAN 1. Case Analysis 20% 2. Project 20% 3.End Term Assessment 60%
  • 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
  • 7. Business Marketing Organizations World's Valuable Brands
  • 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

  1. 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&apos;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.
  2. 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&apos;s customer is Boeing. SMB companies constitute about 1 million customers of Dell in US. PC business caters to all market segments: Consumer markets &amp; Business markets.
  3. Ann worked