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SQA HOT 103
The Marketing Concept
Sales Management and Personal Selling
Advertising
Public Relations
Publicity
Sales Promotion
Internet Marketing
Leveraging Your Marketing Dollars
Theodore Levit
Harvard Business School
Effort to determine
& meet needs &
wants of current &
potential
customers
Constantly presented with options to
help solve their problems
Don’t buy things , buy solutions to
problems
Business efficiency with clear view how
to get customers
Perspective customer want & need
Options competitors offering
Without explicit strategies
Programs focused according to market
Sales
Getting rid of what
you have
Selling to
customers
Persuade
customers to sell
($)
Convince them to
give up something
valuable
Marketing
Having what
people want
Art of buying from
Leeds to customer
needs & wants
Focus on attributes
of product
Marketing is much
broader term that includes
Sales & a great deal more
Product Place
Price Promotion
Resource
allocation
• Objectives of
each business
Recipe of
success
Way of
Combined
Efforts
• Marketing Mix
What do you sell
Tangible
• Guest Room, Meals etc.
Intangible
• Service
Built-in Market
Expect to be a place looks
beautiful, clean & smiling
friendly people want to take
care of them
Where do you sell
Physical location of business
Local, National, International,
Multinational
Selling Market
• Website
• Telephone
• Online
Site for doing
business & market to
place product
What do you sell it for
Cost + Basis
Consumer Based
Competitive Pricing
Elasticity of Demand
• Revenue Management
Matching up in a way that
should meet external &
internal customer
expectations
How do you spread word
Mediums
• Online, website, email, social networks
Promotional Activities
• Personal Selling
• Advertising
• Public Relations & Sponsorships Marketing
• Sales Promotion
• Direct Marketing Communication
• Point of Purchase Communications
Use promotional activities by
organizing & combining in a
way to produce synergistic
effect
Blueprint of
Organization
Business's
marketing
activities &
strategies
Regular activity
yearly, 2/3/5 years
Reviewed &
revised to take
current conditions
into account
Situation
analysis
Feasibility
Market Place
Competition
Internal Data
Target Audience
SWOT
Objectives
Financial /
Budgets
Sales / Growth
Strategies
Description to
achieve
objectives
Projected Cost
Tactics
Strategy
Specifics
Action Plan
Tactics for every
Strategy
What to do /
How to do
Controls
Anticipated
results
Flexible, Review
& Revised
Plan working &
make
adjustments
Increase property revenue
• Personal Sales Calls
• Telephone Calls
• Correspondence
Establish guidelines
Assisting GM to maximize sales effort
Periodic Sales Meeting
Maintain Sales Reports & update record
Innovative, Risk Taking & Surpass Previous Levels
Mission oriented & Goal Oriented Personal
Problem Solver & Skill Upgrader
Partner with customer & Team player
Rejection as learning tool
Mental Rehearsal before Sales Call
Substitute of
Salesmanship
Extended Reach
where Salesperson
can’t
Repetitive &
Hammering
Increase Value of
Product & Services
Gain Customer
Confidence
Wasting Money Brand Name Security Assistance of
Consistence Quality
Self esteem,
Impression &
Reputation
It is paid for, by sponsor rather than,
run at discretion of the medium
It is impersonal
It identifies sponsor of message
It is influential
Planned communication activity
in which messages in mass media
are used to persuade audiences
to adopt goods, services or ideas
Competitive
advantage
Clear difference with
competitor
Satisfies customer need
Important difference &
features customer don’t care
Similar Important feature
but not advertised
Unique
positioning
Get inside prospect’s mind
Concentrate on perception
of prospect
Link message with prospect
already know about
Segmented
market
Target Marketing
Various Segmentation
• Wealthy, pay for comfort, like to be pamperedIndulgers
• Read & Talk, recommendationsDreamers
• Chance to relax, save money, price/value anxiousEconomizers
• Young, new experiences culture/peopleAdventurers
• Afraid to travel, less confident, need agents/guideWorriers
Create Place
Marketing
Strategist
Artists
Writers
Production
Managers
Media
Selection
Fee Basis /
Commission
Basis
Print
• Draw
Attention
• Promise to
Deliver
• Signature
Broadcast
• Make 'em
laugh
• Make 'em
bond
• Find out what
they really like
Electronic
• Attention
• Attraction
• Affinity
• Audience
• Action
Goals
Product & Services are
better known
Improved Relationship with
employees
Improved Public Reputation
Process
Research/fact-finding
Planning
Action
Communication
Measurement/evaluation
Develop &
Improve
Relationship
Public
Relations
Technique Free Advertising,
Openings & Grand
Openings, News Release,
Travel Editors & Bloggers
Sales Tools Sales Techniques Staff & TA
commissions,
familiarization trips
Loyalty & Frequent
Flyer Programs
E-mail Advertising & Promotion
• Least costly method of marketing
• Frequent Flyer Programs
• Thank & increase interest in
programs
• Links embedded
Social Media
• Classroom listening to lecture
• Roundtable discussion
• One to Many or Many to Many
• Sharing of opinion & information
• Blogs
• Micro Blogs, Twitter
• Social Networks, FB/LinkedIn
• Media Sharing, YouTube
Good News
• Lot of Customers
• Want to buy a lot
• Learning new products
Bad News
• Too much advertising
• Customer turned off
Multiculturism
Aging Population
Internet
Search Engine
Viral advertising
Using all
new
techniques
& more
Leveraging
Your
Marketing
Dollar
Any questions

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Hot 103-Chapter 14

  • 2. The Marketing Concept Sales Management and Personal Selling Advertising Public Relations Publicity Sales Promotion Internet Marketing Leveraging Your Marketing Dollars
  • 3. Theodore Levit Harvard Business School Effort to determine & meet needs & wants of current & potential customers Constantly presented with options to help solve their problems Don’t buy things , buy solutions to problems Business efficiency with clear view how to get customers Perspective customer want & need Options competitors offering Without explicit strategies Programs focused according to market
  • 4. Sales Getting rid of what you have Selling to customers Persuade customers to sell ($) Convince them to give up something valuable Marketing Having what people want Art of buying from Leeds to customer needs & wants Focus on attributes of product Marketing is much broader term that includes Sales & a great deal more
  • 5. Product Place Price Promotion Resource allocation • Objectives of each business Recipe of success Way of Combined Efforts • Marketing Mix
  • 6. What do you sell Tangible • Guest Room, Meals etc. Intangible • Service Built-in Market Expect to be a place looks beautiful, clean & smiling friendly people want to take care of them
  • 7. Where do you sell Physical location of business Local, National, International, Multinational Selling Market • Website • Telephone • Online Site for doing business & market to place product
  • 8. What do you sell it for Cost + Basis Consumer Based Competitive Pricing Elasticity of Demand • Revenue Management Matching up in a way that should meet external & internal customer expectations
  • 9. How do you spread word Mediums • Online, website, email, social networks Promotional Activities • Personal Selling • Advertising • Public Relations & Sponsorships Marketing • Sales Promotion • Direct Marketing Communication • Point of Purchase Communications Use promotional activities by organizing & combining in a way to produce synergistic effect
  • 10. Blueprint of Organization Business's marketing activities & strategies Regular activity yearly, 2/3/5 years Reviewed & revised to take current conditions into account
  • 11. Situation analysis Feasibility Market Place Competition Internal Data Target Audience SWOT Objectives Financial / Budgets Sales / Growth Strategies Description to achieve objectives Projected Cost Tactics Strategy Specifics Action Plan Tactics for every Strategy What to do / How to do Controls Anticipated results Flexible, Review & Revised Plan working & make adjustments
  • 12. Increase property revenue • Personal Sales Calls • Telephone Calls • Correspondence Establish guidelines Assisting GM to maximize sales effort Periodic Sales Meeting Maintain Sales Reports & update record
  • 13. Innovative, Risk Taking & Surpass Previous Levels Mission oriented & Goal Oriented Personal Problem Solver & Skill Upgrader Partner with customer & Team player Rejection as learning tool Mental Rehearsal before Sales Call
  • 14. Substitute of Salesmanship Extended Reach where Salesperson can’t Repetitive & Hammering Increase Value of Product & Services Gain Customer Confidence Wasting Money Brand Name Security Assistance of Consistence Quality Self esteem, Impression & Reputation
  • 15. It is paid for, by sponsor rather than, run at discretion of the medium It is impersonal It identifies sponsor of message It is influential Planned communication activity in which messages in mass media are used to persuade audiences to adopt goods, services or ideas
  • 16. Competitive advantage Clear difference with competitor Satisfies customer need Important difference & features customer don’t care Similar Important feature but not advertised Unique positioning Get inside prospect’s mind Concentrate on perception of prospect Link message with prospect already know about Segmented market Target Marketing Various Segmentation
  • 17. • Wealthy, pay for comfort, like to be pamperedIndulgers • Read & Talk, recommendationsDreamers • Chance to relax, save money, price/value anxiousEconomizers • Young, new experiences culture/peopleAdventurers • Afraid to travel, less confident, need agents/guideWorriers
  • 19.
  • 20. Print • Draw Attention • Promise to Deliver • Signature Broadcast • Make 'em laugh • Make 'em bond • Find out what they really like Electronic • Attention • Attraction • Affinity • Audience • Action
  • 21. Goals Product & Services are better known Improved Relationship with employees Improved Public Reputation Process Research/fact-finding Planning Action Communication Measurement/evaluation
  • 22. Develop & Improve Relationship Public Relations Technique Free Advertising, Openings & Grand Openings, News Release, Travel Editors & Bloggers
  • 23. Sales Tools Sales Techniques Staff & TA commissions, familiarization trips Loyalty & Frequent Flyer Programs
  • 24. E-mail Advertising & Promotion • Least costly method of marketing • Frequent Flyer Programs • Thank & increase interest in programs • Links embedded Social Media • Classroom listening to lecture • Roundtable discussion • One to Many or Many to Many • Sharing of opinion & information • Blogs • Micro Blogs, Twitter • Social Networks, FB/LinkedIn • Media Sharing, YouTube
  • 25. Good News • Lot of Customers • Want to buy a lot • Learning new products Bad News • Too much advertising • Customer turned off Multiculturism Aging Population Internet Search Engine Viral advertising Using all new techniques & more Leveraging Your Marketing Dollar