4. Marketing is
0 As defined by the American marketing association:
“The process of planning and executing: the conception,
pricing, promotion and distribution of ideas, goods
and services to create exchanges that satisfy
individuals and organizational objectives.”
0 Marketing is the company's customer manufacturing
department.
0 It’s the whole business as seen from the customer's
point if view .
0 It connects producers with consumers.
6. Need, Want & Demand
0Need: a fundamental requirement … “I’m
thirsty”
0Want: needs that are directed towards a
specified object … “I want Pepsi”
0Demand: wanting a specific object &
willing to pay for it … “I’m gonna buy
Pepsi”
8. Value & Satisfaction
0 Customer Value
The difference between the values the customer gains
from owning or using the product, and the cost of
obtaining the product.
0 Customer Satisfaction
The extent to which the products performance matches
the buyer’s expectations.
10. Marketing Orientation
When everyone inside a company is aware of:
0Who are the company's target
0What are the target needs
0How will the company satisfy these needs
more effectively than its competitors
0How will the company satisfy these needs
profitably
13. Segmentation
0Dividing large, diverse markets into
smaller segments, that can be reached
more efficiently and effectively with
products that match their unique needs.
14. An Effective Segment
1. Measurable
0 Can be easily measured and studied in a reliable statistical
plan. (Wrong segmentation: by eye-color)
2. Accessible
0 Can be accessed by the company or person, not very far or
very rare in the region you are in.
3. Substantial
0 Large and profitable enough
4. Differentiated
0 Easily distinguished from the rest of segments
5. Actionable
0 We could perform an action plan on this segment.
22. What is Positioning?
It's what you do to the customer's mind
0That one specific idea that first comes to
the mind about the product.
0It’s how your target market defines you
in relation to your competitors.
23. How to Set your Position
1. SWOT Analysis
WeaknessesStrengths
ThreatsOpportunities
24. How to Set your Position
2. Positioning Attributes
A. Product Leadership
Quality & innovation, higher market share
B. Operational Excellence
efficiency & low price
C. Customer Intimacy
best solution or service; interactivity &
customization
41. 0 "If the circus is coming to town and you paint a sign
saying "Circus Coming to the Fairground Saturday,"
that's advertising.
0 If you put the sign on the back of an elephant and
walk it into town, that's promotion.
0 If the elephant walks through the mayor's flower bed,
that's publicity.
0 And if you get the mayor to laugh about it, that's
public relations.
0 If the town's citizens go the circus, you show them the
many entertainment booths, explain how much fun
they'll have spending money at the booths, answer
their questions and ultimately, they spend a lot at the
circus, that's sales."
42. 5 M’s of Advertising
0 Mission
0 inform, persuade, remind, or reinforce
0 Message
0 distinctive value
0 Media
0 reach, frequency, impact
0 Measure
0 pre & post
0 Hard for image ads
0 Money
0 pricing the media
57. What is a brand?
0It's what you stand for, the promise you
make, the personality you convey.
0It's the entire experience that your
prospects & customers have with your
company
58. Philip
Kotler
• A brand is any label that carries
meaning and associations.
• Don’t advertise the brand, live it.
Ultimately the brand is built by your
employees who deliver a positive
experience to the customers. Did the
brand experience live up to the brand
promise? This is why companies must
orchestrate the brand experience with
the brand promise.
61. 1. Saves Time of Choice
“A brand is a storehouse of trust that matters more &
more as choices multiply. People want to simplify their
lives” – Niall Fitzgerald
62. 2. Brings your Position to
Life
Responsibility towards environment
64. 4. Does your Advertising
“Google actually relies on our users to help with our
marketing. We have a very high percentage of our
users who often tell others about our search engine.” –
Sergey Brin
66. More Branding
0 Line Extensions
Pepsi
Chipsy
0 Brand Extensions
Coca Cola - Dasany
Beity
Chipsy Delights
Three Chefs
0 Brand Stretch
Virgin- Daewoo - !!!
Look at Sony, P&G, Unilever
67. “It takes genius, faith &
perseverance to create a brand” -
David Ogilvy
“Every advertisement should be thought of
as a contribution to the complex symbol
which is the brand image.”
68. “ All our Factories & Facilities could burn down
tomorrow, but you’d hardly touch the value of the
company” – Roberto Goizueta, CEO