SlideShare a Scribd company logo
Introduction
to
MARKETING
for Students, Practitioners & Consultants
CONTENT
• WHAT IS MARKETING
• MARKETING PROCESS
• ROLES OF MARKETING
• MARKETING ORGANIZATION
STRUCTURE(MOS)
• IMPORTANCE/ROLES OF
MARKETING STRUCTURE
Marketing can be known as a management process responsible for
IDENTIFYING, ANTICIPATING and SATISFYING customer
requirements profitably
Or yet a managerial and organizational function and a set of
processes for PLANNING, IDENTIFYING and SATISFYING
consumers needs through offering of products or services
accompanied with appropriate price, distribution and communication
Marketing is a process. The process involves understanding
customer needs, designing customer driven market strategy,
constructing a marketing program(which delivers superior value)
building profitable customer relationship and creating satisfaction,
and capturing value from customers to create profit
1
UNDERSTANDING THE CUSTOMERS NEEDS, WANTS AND
DEMANDS
Consumers always have needs and wants waiting to be satisfied or
that are insufficiently satisfied. Needs are things consumers require
to stay healthy and alive, they can’t be created by marketers. The
duty of a marketer is to identify consumers needs and satisfy them
While wants which the consumer requires can be created by
marketers. Marketers can also identify the existing wants of
consumers and satisfy them.
Demands is to be considered as needs and wants backed by
purchasing power, that is the ability of the consumers to pay for their
needs and wants,
Things like
LEVEL OF ECONOMIC DEVELOPMENT
EMPLOYMENT RATE
GENERAL INCOME
Influences consumers effective demand thus
Marketers must pay serious attention to these
Economic variables
2
DESIGNING
CUSTOMER DRIVEN
MARKET STRATEGY
 Marketing management calls for the application of art and science
in realizing marketing objectives on one hand, and
entrepreneurial or companies objectives on the other hand.
Marketing strategy is one way of doing marketing scientifically.
 Strategy is a means to an end, it specifies exactly how marketing
goals can be achieved despite the firms limited resources amidst
high competition
Thus, marketing strategy raises and provides answer to
three basic questions:
What is our target market
How can we serve our
chosen target market better
than our competitors can
Do we have the resource to
serve the target market
better
 In providing answers to the raised questions, marketing managers
must segment the total market, target one or more segments, and
position their product in the midst of the consumers as on
providing added value.
CONSTRUCTING A that delivers
3
 At this level, the marketer needs to transform the marketing
strategy into action plan by designing and implementing the
company’s marketing mix program. To beat competitors, a firm’s
offerings must provide superior value, otherwise called (POP) and
point-of-difference (POD) POPs are product attributes and
performances that consumers associate with most competing or
substitute brands(a company and it’s competitor’s brands); in other
words, the minimal attributes and benefits consumers expect from
a given product irrespective of the producer. Consumers perceive
these associations as prerequisites in every product for it to worth
purchasing. Simply put, POP is the consumers “zone or range of
tolerance and acceptance.”
 PODs are product attributes and benefits that consumers associate
with a particular brand and which is absent in competing brands.
In other words, PODs are products that consumers view as having
unique attributes and provide distinct benefit benefits compared to
it’s substitutes. These distinct attributes, performances and
benefits are the ones that offer added value to customers. By
providing superior value, the company has gained a competitive
advantage.
4
 The essence of building customer needs and wants, designing
customer driven market strategy, and delivering superior values, is
to build strong and lasting relationship with profitable customer.
 Customer Relationship Management(CRM) has gained
considerable attention in recent times this is because studies have
shown that it is costlier to attract new customers than to keep
current profitable customers in other words, it is cheaper and
profitable to retain existing customers than to attract new ones.
 CRM is often known as the overall process of building and
maintaining profitable customer relationships by
delivering superior customer value and satisfaction.
 It deals with all aspect of acquiring, keeping and growing
customers.
 It is important to note that new customer values create customer
satisfaction. By customer satisfaction we mean the positive
difference between customer perception and expectation
regarding a particular product, if falls short of expectations the
customer is dissatisfied. And if the perception equals the
expectations the customer is highly satisfied or delighted.
 Satisfaction is the outcome of a product/service evaluation by
customers implying that service has to be consumed before it can
be assessed, it is also important to stress that consumers usually
configure expectations before they actually purchase a product.
however, perception is the after-purchase consumers construct. A
big poser here is “how do consumers form their expectations even
before purchasing and consuming the product/service.
5
CAPTURING VALUE FROM CUSTOMERS TO CREATE PROFIT
AND CUSTOMER EQUITY
 Business and non-business organizations have clearly stated
objectives to be achieved. Business organizations often pursue
profit maximization, market share leadership, and shareholders
wealth maximizations goals among others. It is at this stage of the
marketing process that these objectives are realized.
in the first four steps, the firms incurs cost in creating value to
customers. At this stage, the firms captures value in the return from
customers through current and future sales, market share and profit.
Marketing roles bother on how to structure a marketing organization
in order to attain optimum company performance. Marketing roles
can be broadly analyzed and understood using two approaches – the
function approach and process approach.
 This is the traditional approach that explains the role of marketing
in an organization. By this approach, all organizations are to
recognize marketing as a department with reserved
responsibilities to plan, direct, coordinate and control all
marketing activities relating to needs identification, product
development, pricing, distribution, promotion, customer
relationship management, and customer complain management.
 Some of its benefits is that it enhances efficiency and it improves
organizational capabilities. But it also causes regular occurrence of
inter-functional conflicts.
FUNCTIONAL
APPROACH
 This is the modern approach that explains the role of
marketing in an organization. The approach suggests that
while it is necessary for all organization to have a
marketing department, it is equally essential for the
marketing knowledge, skills, orientations and values to be
dispersed to employees in other departments. This
approach ensures that all departments in the organization
value customer, share information about customers, and
engage in activities designed to meet customers needs.
PROCESS
APPROACH
 MOS is a diagram showing the units withing a marketing
organization, the relationship among the units, the management
levels, the communication channels, the roles of each units and the
immediate subordinates and superiors.
TYPES OF MOS
 The typologies of MOS are Functional MOS, Process MOS,
Product MOS, Regional MOS, and Matrix MOS.
General
manager
Production
department
Marketing
department
Personnel
department
Finance
department
Function
format
FUNCTIONAL MOS:
This is the traditional and commonest type of MOS. A typical manufacturing
firm or service outlet is divided into functional areas such as marketing,
production, finance, and personnel departments. Start-ups that are yet to
expand and have numerous branches often ADOPT functional MOS.
General manager
(marketing)
Marketing
research
department
Product
development
department
Pricing
department
Distribution
department
Promotion
department
Process
format
PROCESS MOS:
A firm that is purely involved in providing marketing services usually adopts the
process structure. The process MOS facilitates division of the overall marketing job
into specialized areas such as research and development, product development,
pricing, distribution and promotion activities or departments.
General manager
(marketing)
Product ‘A’
department
(example
Samsung TV)
Product ‘B’
department
(example
Samsung cell
phone)
Product ‘C’
department
(example
Samsung
fridge)
Product
format
PRODUCT MOS:
in this case, a company that produces variety of products may structure or
organize the company based on product types. That is, departments will
bear product names as depicted in the figure below. This framework greatly
enhance product knowledge and expertise.
General
Manager
(marketing)
Manager
North
Region
Manager
West
Region
Manager
East
Region
Manager
South
Region
Regional
MOS
Regional MOS:
companies which have expanded and established offices in different
geographical areas or regions use regional MOS by simply duplicating the
functional, product or process structure. However, each regional branch may
modify its product in accordance with the needs of the local consumers.
 Matrix MOS:
This is a combination of at least two types of MOS described
previously. For example, a company that produces three
products-product ‘A’, product ‘B’ and product ‘C’ – may create
pricing distribution and sales departments for each product
department.
General
(marketing)
General
manager
(marketing)
Product ‘B’
phone)
Product ‘B’
department
(Samsung cell
phone)
Product ‘C’
fridge)
Product ‘C’
department
(Samsung
fridge)
Product ‘A’
department
(Samsung TV)
Pricing
department
Distribution
department
Sales
department
Pricing
department
Distribution
department
Sales
department
Sales
department
Distribution
department
Pricing
department
1. it gives a vivid picture of the organization, - small
enterprise, medium enterprise or large enterprise.
2.It reveals the target markets of the company.
3.It shows whether an organization produces goods or offers
services.
4.It shows the specialized functions in an organization.
5.It reveals the varieties of products the company offers to
the market
6.It shows line of authority and responsibilities in an
organization.
REFERENCE
 In reference to introduction to marketing for
students, practitioners & consultants By
M.A. MAWOLI
 Thanks For Reading!
For more info visit us at
www.skyrocket.ezyro.com
Or email us at skyrocket15@outlook.com

More Related Content

What's hot

Customer Relationship Management unit 1 introduction
Customer Relationship Management unit 1 introductionCustomer Relationship Management unit 1 introduction
Customer Relationship Management unit 1 introduction
Ganesha Pandian
 
Key account management_plan
Key account management_planKey account management_plan
Key account management_plansalmanadamjee
 
Personal selling
Personal sellingPersonal selling
Personal sellingArijit Saha
 
The Performance Management Process
The Performance Management ProcessThe Performance Management Process
The Performance Management Process
Osama Yousaf
 
The Basics Of CRM
The Basics Of CRMThe Basics Of CRM
The Basics Of CRM
Amal Biswas
 
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
Mohammed Waseeque sheraz
 
Brand management ppt MBA
Brand management ppt MBA Brand management ppt MBA
Brand management ppt MBA
Babasab Patil
 
Selling skills & Cross Selling
Selling skills & Cross SellingSelling skills & Cross Selling
Selling skills & Cross Selling
Hazem Diab
 
customer relationship management
customer relationship managementcustomer relationship management
customer relationship managementVidyut Jain
 
CRM Objectives and Best Practices
CRM Objectives and Best PracticesCRM Objectives and Best Practices
CRM Objectives and Best Practices
willr7000
 
Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1
ASAD ALI
 
A Unique Alibaba Model for Brand Growth
A Unique Alibaba Model for Brand GrowthA Unique Alibaba Model for Brand Growth
A Unique Alibaba Model for Brand Growth
JerryZhou31
 
Customer Relationship Management Raghu Seelamonthula
Customer Relationship Management   Raghu SeelamonthulaCustomer Relationship Management   Raghu Seelamonthula
Customer Relationship Management Raghu Seelamonthula
Raghu Seelamonthula
 
Chapter 1 (introduction to strategic brand management)
Chapter 1 (introduction to strategic brand management)Chapter 1 (introduction to strategic brand management)
Chapter 1 (introduction to strategic brand management)
Jawad Chaudhry
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentation
utuutkarsh
 

What's hot (20)

Customer Relationship Management unit 1 introduction
Customer Relationship Management unit 1 introductionCustomer Relationship Management unit 1 introduction
Customer Relationship Management unit 1 introduction
 
Sales team motivation
Sales team motivationSales team motivation
Sales team motivation
 
Pharma sales force training may 3 2013
Pharma sales force training may 3 2013Pharma sales force training may 3 2013
Pharma sales force training may 3 2013
 
Key account management_plan
Key account management_planKey account management_plan
Key account management_plan
 
Personal selling
Personal sellingPersonal selling
Personal selling
 
The Performance Management Process
The Performance Management ProcessThe Performance Management Process
The Performance Management Process
 
The Basics Of CRM
The Basics Of CRMThe Basics Of CRM
The Basics Of CRM
 
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
Customer relationship managementslide-91-dave-chaffey-e-business-and-e-commer...
 
Keller sbm3 04
Keller sbm3 04Keller sbm3 04
Keller sbm3 04
 
Brand management ppt MBA
Brand management ppt MBA Brand management ppt MBA
Brand management ppt MBA
 
Selling skills & Cross Selling
Selling skills & Cross SellingSelling skills & Cross Selling
Selling skills & Cross Selling
 
Sdm ch1
Sdm ch1Sdm ch1
Sdm ch1
 
customer relationship management
customer relationship managementcustomer relationship management
customer relationship management
 
CRM Objectives and Best Practices
CRM Objectives and Best PracticesCRM Objectives and Best Practices
CRM Objectives and Best Practices
 
Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1Strategic Brand Management Chapter 1
Strategic Brand Management Chapter 1
 
A Unique Alibaba Model for Brand Growth
A Unique Alibaba Model for Brand GrowthA Unique Alibaba Model for Brand Growth
A Unique Alibaba Model for Brand Growth
 
Customer Relationship Management Raghu Seelamonthula
Customer Relationship Management   Raghu SeelamonthulaCustomer Relationship Management   Raghu Seelamonthula
Customer Relationship Management Raghu Seelamonthula
 
Chapter 1 (introduction to strategic brand management)
Chapter 1 (introduction to strategic brand management)Chapter 1 (introduction to strategic brand management)
Chapter 1 (introduction to strategic brand management)
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentation
 
Crm objectives
Crm objectivesCrm objectives
Crm objectives
 

Similar to marketing for dummies / introduction to marketing / what is marketing

ALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi WaliaALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi Walia
Aditi Walia
 
Rewiring marketing: a practice based approach
Rewiring marketing: a practice based approachRewiring marketing: a practice based approach
Rewiring marketing: a practice based approach
Browne & Mohan
 
Unit 1 marketing management
Unit 1  marketing managementUnit 1  marketing management
Unit 1 marketing management
prachimba
 
Concepts of Marketing Process
Concepts of Marketing ProcessConcepts of Marketing Process
Concepts of Marketing Process
ABPHR
 
Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.
ramakarthik
 
Marketing questions for Interview
Marketing questions for InterviewMarketing questions for Interview
Marketing questions for Interview
deepshikha gupta
 
Marketing
MarketingMarketing
Marketing
Sunaxee Narang
 
Chapter1
Chapter1Chapter1
Chapter1
guest95865b
 
Organizational marketing and sales
Organizational marketing and salesOrganizational marketing and sales
Organizational marketing and salesarpslides
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientations
Suleyman Ally
 
Chapter 1 basic ofmarketing
Chapter 1 basic ofmarketingChapter 1 basic ofmarketing
Chapter 1 basic ofmarketing
Aishwarya surag
 
35342743 crompton-greaves-limited
35342743 crompton-greaves-limited35342743 crompton-greaves-limited
35342743 crompton-greaves-limitedRoshan Joy
 
L-5.3 Strategic Marketing.pptx
L-5.3 Strategic Marketing.pptxL-5.3 Strategic Marketing.pptx
L-5.3 Strategic Marketing.pptx
Fuad Hasan
 
The Marketing plan
The Marketing planThe Marketing plan
The Marketing plan
MatthewForsthoefel
 
KEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESSKEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESS
ClarisseGonzales6
 
Marketing management orientation
Marketing management orientationMarketing management orientation
Marketing management orientation
Abdullah Khosa
 
Brand equity
Brand equity Brand equity
Brand equity
Leena Paul
 
Bb Marketing
Bb MarketingBb Marketing
Bb Marketingbhagchand
 

Similar to marketing for dummies / introduction to marketing / what is marketing (20)

ALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi WaliaALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi Walia
 
Rewiring marketing: a practice based approach
Rewiring marketing: a practice based approachRewiring marketing: a practice based approach
Rewiring marketing: a practice based approach
 
Unit 1 marketing management
Unit 1  marketing managementUnit 1  marketing management
Unit 1 marketing management
 
Concepts of Marketing Process
Concepts of Marketing ProcessConcepts of Marketing Process
Concepts of Marketing Process
 
Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.
 
Marketing questions for Interview
Marketing questions for InterviewMarketing questions for Interview
Marketing questions for Interview
 
Marketing
MarketingMarketing
Marketing
 
Chapter1
Chapter1Chapter1
Chapter1
 
Organizational marketing and sales
Organizational marketing and salesOrganizational marketing and sales
Organizational marketing and sales
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientations
 
Chapter 1 basic ofmarketing
Chapter 1 basic ofmarketingChapter 1 basic ofmarketing
Chapter 1 basic ofmarketing
 
35342743 crompton-greaves-limited
35342743 crompton-greaves-limited35342743 crompton-greaves-limited
35342743 crompton-greaves-limited
 
L-5.3 Strategic Marketing.pptx
L-5.3 Strategic Marketing.pptxL-5.3 Strategic Marketing.pptx
L-5.3 Strategic Marketing.pptx
 
The Marketing plan
The Marketing planThe Marketing plan
The Marketing plan
 
Numair
NumairNumair
Numair
 
KEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESSKEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESS
 
Marketing management orientation
Marketing management orientationMarketing management orientation
Marketing management orientation
 
Brand equity
Brand equity Brand equity
Brand equity
 
Bb Marketing
Bb MarketingBb Marketing
Bb Marketing
 
Marketing
MarketingMarketing
Marketing
 

Recently uploaded

How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Etsy Marketing Guide - Tips For Selling Digital Products
Etsy Marketing Guide - Tips For Selling Digital ProductsEtsy Marketing Guide - Tips For Selling Digital Products
Etsy Marketing Guide - Tips For Selling Digital Products
kcblog21
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman,  Wiideman Consulting GroupSEO Master Class - Steve Wiideman,  Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Playlist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music UPlaylist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music U
SemajahParker
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
Martal Group
 
DMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docxDMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docx
TravisMalana
 
The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023
Pascal Fintoni
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
Exploring the Top Digital Marketing Company in Canada
Exploring the Top Digital Marketing Company in CanadaExploring the Top Digital Marketing Company in Canada
Exploring the Top Digital Marketing Company in Canada
Solomo Media
 
Email Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris FerrisEmail Marketing Master Class - Chris Ferris
Top digital marketing institutein noida
Top digital marketing institutein noidaTop digital marketing institutein noida
Top digital marketing institutein noida
aditisingh6607
 
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
Search Engine Journal
 
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina KillgoConsumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Search Engine Optimization Strategies for Local Businesses.pdf
Search Engine Optimization Strategies for Local Businesses.pdfSearch Engine Optimization Strategies for Local Businesses.pdf
Search Engine Optimization Strategies for Local Businesses.pdf
seodigitalbraino
 
Phil Pallen PPT Biography and Interviews
Phil Pallen PPT Biography and InterviewsPhil Pallen PPT Biography and Interviews
Phil Pallen PPT Biography and Interviews
travisomalana
 
May 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group SessionMay 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group Session
Vbout.com
 
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Digital Marketing Training In Bangalore
Digital Marketing Training In  BangaloreDigital Marketing Training In  Bangalore
Digital Marketing Training In Bangalore
Honey385968
 

Recently uploaded (20)

How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
 
Etsy Marketing Guide - Tips For Selling Digital Products
Etsy Marketing Guide - Tips For Selling Digital ProductsEtsy Marketing Guide - Tips For Selling Digital Products
Etsy Marketing Guide - Tips For Selling Digital Products
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman,  Wiideman Consulting GroupSEO Master Class - Steve Wiideman,  Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
 
Playlist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music UPlaylist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music U
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
 
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...
 
DMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docxDMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docx
 
The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023The Old Oak - Press Kit - Cannes Film Festival 2023
The Old Oak - Press Kit - Cannes Film Festival 2023
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
 
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis Yu
 
Exploring the Top Digital Marketing Company in Canada
Exploring the Top Digital Marketing Company in CanadaExploring the Top Digital Marketing Company in Canada
Exploring the Top Digital Marketing Company in Canada
 
Email Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris FerrisEmail Marketing Master Class - Chris Ferris
Email Marketing Master Class - Chris Ferris
 
Top digital marketing institutein noida
Top digital marketing institutein noidaTop digital marketing institutein noida
Top digital marketing institutein noida
 
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
[Google March 2024 Update] How To Thrive: Content, Link Building & SEO
 
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina KillgoConsumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
 
Search Engine Optimization Strategies for Local Businesses.pdf
Search Engine Optimization Strategies for Local Businesses.pdfSearch Engine Optimization Strategies for Local Businesses.pdf
Search Engine Optimization Strategies for Local Businesses.pdf
 
Phil Pallen PPT Biography and Interviews
Phil Pallen PPT Biography and InterviewsPhil Pallen PPT Biography and Interviews
Phil Pallen PPT Biography and Interviews
 
May 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group SessionMay 2024 - VBOUT Partners Meeting Group Session
May 2024 - VBOUT Partners Meeting Group Session
 
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
 
Digital Marketing Training In Bangalore
Digital Marketing Training In  BangaloreDigital Marketing Training In  Bangalore
Digital Marketing Training In Bangalore
 

marketing for dummies / introduction to marketing / what is marketing

  • 2. CONTENT • WHAT IS MARKETING • MARKETING PROCESS • ROLES OF MARKETING • MARKETING ORGANIZATION STRUCTURE(MOS) • IMPORTANCE/ROLES OF MARKETING STRUCTURE
  • 3.
  • 4. Marketing can be known as a management process responsible for IDENTIFYING, ANTICIPATING and SATISFYING customer requirements profitably Or yet a managerial and organizational function and a set of processes for PLANNING, IDENTIFYING and SATISFYING consumers needs through offering of products or services accompanied with appropriate price, distribution and communication
  • 5. Marketing is a process. The process involves understanding customer needs, designing customer driven market strategy, constructing a marketing program(which delivers superior value) building profitable customer relationship and creating satisfaction, and capturing value from customers to create profit
  • 6. 1 UNDERSTANDING THE CUSTOMERS NEEDS, WANTS AND DEMANDS
  • 7. Consumers always have needs and wants waiting to be satisfied or that are insufficiently satisfied. Needs are things consumers require to stay healthy and alive, they can’t be created by marketers. The duty of a marketer is to identify consumers needs and satisfy them While wants which the consumer requires can be created by marketers. Marketers can also identify the existing wants of consumers and satisfy them. Demands is to be considered as needs and wants backed by purchasing power, that is the ability of the consumers to pay for their needs and wants,
  • 8. Things like LEVEL OF ECONOMIC DEVELOPMENT EMPLOYMENT RATE GENERAL INCOME Influences consumers effective demand thus Marketers must pay serious attention to these Economic variables
  • 10.  Marketing management calls for the application of art and science in realizing marketing objectives on one hand, and entrepreneurial or companies objectives on the other hand. Marketing strategy is one way of doing marketing scientifically.  Strategy is a means to an end, it specifies exactly how marketing goals can be achieved despite the firms limited resources amidst high competition
  • 11. Thus, marketing strategy raises and provides answer to three basic questions: What is our target market How can we serve our chosen target market better than our competitors can Do we have the resource to serve the target market better
  • 12.  In providing answers to the raised questions, marketing managers must segment the total market, target one or more segments, and position their product in the midst of the consumers as on providing added value.
  • 13. CONSTRUCTING A that delivers 3
  • 14.  At this level, the marketer needs to transform the marketing strategy into action plan by designing and implementing the company’s marketing mix program. To beat competitors, a firm’s offerings must provide superior value, otherwise called (POP) and point-of-difference (POD) POPs are product attributes and performances that consumers associate with most competing or substitute brands(a company and it’s competitor’s brands); in other words, the minimal attributes and benefits consumers expect from a given product irrespective of the producer. Consumers perceive these associations as prerequisites in every product for it to worth purchasing. Simply put, POP is the consumers “zone or range of tolerance and acceptance.”
  • 15.  PODs are product attributes and benefits that consumers associate with a particular brand and which is absent in competing brands. In other words, PODs are products that consumers view as having unique attributes and provide distinct benefit benefits compared to it’s substitutes. These distinct attributes, performances and benefits are the ones that offer added value to customers. By providing superior value, the company has gained a competitive advantage.
  • 16. 4
  • 17.  The essence of building customer needs and wants, designing customer driven market strategy, and delivering superior values, is to build strong and lasting relationship with profitable customer.  Customer Relationship Management(CRM) has gained considerable attention in recent times this is because studies have shown that it is costlier to attract new customers than to keep current profitable customers in other words, it is cheaper and profitable to retain existing customers than to attract new ones.
  • 18.  CRM is often known as the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction.  It deals with all aspect of acquiring, keeping and growing customers.
  • 19.  It is important to note that new customer values create customer satisfaction. By customer satisfaction we mean the positive difference between customer perception and expectation regarding a particular product, if falls short of expectations the customer is dissatisfied. And if the perception equals the expectations the customer is highly satisfied or delighted.
  • 20.  Satisfaction is the outcome of a product/service evaluation by customers implying that service has to be consumed before it can be assessed, it is also important to stress that consumers usually configure expectations before they actually purchase a product. however, perception is the after-purchase consumers construct. A big poser here is “how do consumers form their expectations even before purchasing and consuming the product/service.
  • 21. 5 CAPTURING VALUE FROM CUSTOMERS TO CREATE PROFIT AND CUSTOMER EQUITY
  • 22.  Business and non-business organizations have clearly stated objectives to be achieved. Business organizations often pursue profit maximization, market share leadership, and shareholders wealth maximizations goals among others. It is at this stage of the marketing process that these objectives are realized. in the first four steps, the firms incurs cost in creating value to customers. At this stage, the firms captures value in the return from customers through current and future sales, market share and profit.
  • 23. Marketing roles bother on how to structure a marketing organization in order to attain optimum company performance. Marketing roles can be broadly analyzed and understood using two approaches – the function approach and process approach.
  • 24.  This is the traditional approach that explains the role of marketing in an organization. By this approach, all organizations are to recognize marketing as a department with reserved responsibilities to plan, direct, coordinate and control all marketing activities relating to needs identification, product development, pricing, distribution, promotion, customer relationship management, and customer complain management.  Some of its benefits is that it enhances efficiency and it improves organizational capabilities. But it also causes regular occurrence of inter-functional conflicts. FUNCTIONAL APPROACH
  • 25.  This is the modern approach that explains the role of marketing in an organization. The approach suggests that while it is necessary for all organization to have a marketing department, it is equally essential for the marketing knowledge, skills, orientations and values to be dispersed to employees in other departments. This approach ensures that all departments in the organization value customer, share information about customers, and engage in activities designed to meet customers needs. PROCESS APPROACH
  • 26.  MOS is a diagram showing the units withing a marketing organization, the relationship among the units, the management levels, the communication channels, the roles of each units and the immediate subordinates and superiors.
  • 27. TYPES OF MOS  The typologies of MOS are Functional MOS, Process MOS, Product MOS, Regional MOS, and Matrix MOS.
  • 28. General manager Production department Marketing department Personnel department Finance department Function format FUNCTIONAL MOS: This is the traditional and commonest type of MOS. A typical manufacturing firm or service outlet is divided into functional areas such as marketing, production, finance, and personnel departments. Start-ups that are yet to expand and have numerous branches often ADOPT functional MOS.
  • 29. General manager (marketing) Marketing research department Product development department Pricing department Distribution department Promotion department Process format PROCESS MOS: A firm that is purely involved in providing marketing services usually adopts the process structure. The process MOS facilitates division of the overall marketing job into specialized areas such as research and development, product development, pricing, distribution and promotion activities or departments.
  • 30. General manager (marketing) Product ‘A’ department (example Samsung TV) Product ‘B’ department (example Samsung cell phone) Product ‘C’ department (example Samsung fridge) Product format PRODUCT MOS: in this case, a company that produces variety of products may structure or organize the company based on product types. That is, departments will bear product names as depicted in the figure below. This framework greatly enhance product knowledge and expertise.
  • 31. General Manager (marketing) Manager North Region Manager West Region Manager East Region Manager South Region Regional MOS Regional MOS: companies which have expanded and established offices in different geographical areas or regions use regional MOS by simply duplicating the functional, product or process structure. However, each regional branch may modify its product in accordance with the needs of the local consumers.
  • 32.  Matrix MOS: This is a combination of at least two types of MOS described previously. For example, a company that produces three products-product ‘A’, product ‘B’ and product ‘C’ – may create pricing distribution and sales departments for each product department.
  • 33. General (marketing) General manager (marketing) Product ‘B’ phone) Product ‘B’ department (Samsung cell phone) Product ‘C’ fridge) Product ‘C’ department (Samsung fridge) Product ‘A’ department (Samsung TV) Pricing department Distribution department Sales department Pricing department Distribution department Sales department Sales department Distribution department Pricing department
  • 34. 1. it gives a vivid picture of the organization, - small enterprise, medium enterprise or large enterprise. 2.It reveals the target markets of the company. 3.It shows whether an organization produces goods or offers services. 4.It shows the specialized functions in an organization. 5.It reveals the varieties of products the company offers to the market 6.It shows line of authority and responsibilities in an organization.
  • 35. REFERENCE  In reference to introduction to marketing for students, practitioners & consultants By M.A. MAWOLI  Thanks For Reading!
  • 36. For more info visit us at www.skyrocket.ezyro.com Or email us at skyrocket15@outlook.com