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DEFINING MARKETING FOR
THE 21st CENTURY
Marketing is a societal process by which individuals and groups
obtain what they need and want through creating, offering ...
Marketing Management is the Art and Science of choosing target
markets and getting, keeping and growing customers through
...
GOODS
SERVICES
EVENTSEXPERIENCES
PERSONS
PLACES
PROPERTIES
ORGANIZATIONS
INFORMATION
IDEAS
• Dental Work
• Vaccination
Negative Demand
• Foreign Language Courses
No Demand
• Harmless Cigarettes
• Fuel-Efficient Ca...
Marketplace
Physical
Store
Marketspace
Digital
Internet
Metamarket
Cluster of
complementary
products
Spread across a
diver...
Needs, Wants and Demands
• Needs – Basic Human Requirements
• Wants – Directed at specific objects
• Demands – Backed by a...
• Oldest Concept
• Consumers will prefer products that are widely available &
Inexpensive
• Concentrate on achieving high ...
• Consumers, if left alone, wont buy enough of the
organization’s products.
• Must undertake an aggressive selling and pro...
Holistic
Marketing
Concept
Internal
Marketing
Performance
Marketing
Relationship
Marketing
Integrated
Marketing
Customers
...
Developing Marketing Strategies & Plan
Capturing Marketing Insights
Connecting with Customers
Building strong brands
Shapi...
THANK YOU
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Marketing Management - Brief Complete Beginners Guide

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Marketing Social Definition, Marketing AMA Definition & Kotler Definition of Marketing Management. Plus Marketing demand states, Marketing Concepts, Company Orientation & Marketing Task.

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Marketing Management - Brief Complete Beginners Guide

  1. 1. DEFINING MARKETING FOR THE 21st CENTURY
  2. 2. Marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering and freely exchanging products and services of value with others Social Definition Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals. AMA Definition
  3. 3. Marketing Management is the Art and Science of choosing target markets and getting, keeping and growing customers through creating, delivering and communicating superior customer value. Kotler Definition
  4. 4. GOODS SERVICES EVENTSEXPERIENCES PERSONS PLACES PROPERTIES ORGANIZATIONS INFORMATION IDEAS
  5. 5. • Dental Work • Vaccination Negative Demand • Foreign Language Courses No Demand • Harmless Cigarettes • Fuel-Efficient Cars Latent Demand • Churches Declining Demand • Hotels • Mass-Transit Irregular Demand • Changing Preference • Increasing Competition Full Demand • Demarketing Overfull Demand • Cigarettes • Alcohol Unwholesome Demand
  6. 6. Marketplace Physical Store Marketspace Digital Internet Metamarket Cluster of complementary products Spread across a diverse set of industries Automobile www.marutitru evalue.com
  7. 7. Needs, Wants and Demands • Needs – Basic Human Requirements • Wants – Directed at specific objects • Demands – Backed by ability to pay Target Markets, Positioning & Segmentation Offerings and Brands • Offering – Value Proposition made Tangible • Brand – Offering from a known source Value & Satisfaction • Value – Benefits / Cost • Customer Value Triad – Quality, Service and Price • Satisfaction – Product’s perceived performance Marketing Channel • Communication Channel – Deliver & Receive message • Distribution Channel – Display, sell & Deliver • Service Channel – Carry out transactions
  8. 8. • Oldest Concept • Consumers will prefer products that are widely available & Inexpensive • Concentrate on achieving high production efficiency, low costs and mass distribution • Eg: - Lenovo and Haier in China The Production Concept • Consumers favor products that offer most quality, performance and innovative features. • Make superior products and improve them over time. • Caught in a “love-affair” with their product. The Product Concept
  9. 9. • Consumers, if left alone, wont buy enough of the organization’s products. • Must undertake an aggressive selling and promotion effort. • Practiced most aggressively with unsought goods. • Eg:- Insurance & Encyclopedias. • Aim is to sell what they make rather than make what the market wants. The Selling Concept • Customer Centered instead of Product Centered. • Not to find right customers for your products, but to find right products for your customers. • Eg:- Dell • Reactive Market Orientation – Understanding and meeting customers’ expressed needs • Proactive Market Orientation - Understanding and meeting customers’ latent needs • Total Market Orientation The Marketing Concept
  10. 10. Holistic Marketing Concept Internal Marketing Performance Marketing Relationship Marketing Integrated Marketing Customers Channel PartnersSales Revenue Brand & Customer Equity Ethics Environment Legal Commodity Communications Products & Services ChannelsMarketing Dept Senior Mgmt Other Depts
  11. 11. Developing Marketing Strategies & Plan Capturing Marketing Insights Connecting with Customers Building strong brands Shaping the market offering Delivering Value Communicating Value Creating Long-Term Growth
  12. 12. THANK YOU

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