SlideShare a Scribd company logo
MARKETING
According to charted institute of marketing, Marketing is defined as management process of
Anticipating, identifying and satisfying customer requirements profitability.
Marketing is all about identifying human and social needs.
Stuffs which can be marketed include Goods, services, events, experiences, persons, places,
properties, organization, information and ideas.
Marketing consist of several objectives including increase sales volume, increase growth rate,
increase market share, increase market penetration, maximize return on investment, promote
social responsibility and promoting positive company image.
MARKETING MANAGEMENT
Marketing management is defined as the art and science of choosing targets markets and
getting, keeping and growing customers through creating, delivering and communicating
superior customer value
A good marketing is no accident but a result of careful planning and execution using state-of-
the-art tools and techniques.
Financial success often depends on marketing ability, Thus finance, operation, accounting and
other business function will not really matter if there is no sufficient demand for products and
services.
MARKETING MANAGEMENT ORIENTATION
Marketing management orientations are different marketing concepts that focus on various
techniques to create, produce and market products to customers.
The management usually focuses on designing strategies that will build profitable
relationships with target consumers. Marketing strategies are guided by philosophy
Organizations use marketing orientations as a basis for their marketing campaigns.
There are five main marketing management orientations which are as follows
1. THE PRODUCTION CONCEPT
This is one of the oldest concepts in business. The concept holds the belief that consumers
desire, favours and prefer products at low prices which are affordable and available.
The production management needs to create products focusing on achieving high production
efficiency, low costs, and mass distribution as a marketing strategy.
2. THE MARKETING CONCEPT
The marketing concept emerged in the mid-1950s as a customer-centered, sense-and respond
philosophy. The marketing concept holds that the key to achieving organizational goals is
being more effective than competitors in creating, delivering, and communicating superior
customer value to the target markets.
The job is to find the right products for customers, thus the market strategy focus on buyer’s
needs and producing what a company can sell.
Implementation of marketing concept focus on three main basic elements of marketing which
are customer orientation, company commitment and goal orientation.
3. THE SELLING CONCEPT
The selling concept is based on the belief that consumers and businesses will not purchase
products from companies or won’t buy enough of the organization’s products without
aggressive selling and promotional efforts.
The purpose of this concept is focusing on selling what the company creates rather than
focusing on making what the consumer wants (what the market wants) during
implementation.
Managers usually focus on creating a comprehensive advertisement campaign to coax
consumers into purchasing their products.
4. THE PRODUCT CONCEPT
The product concept proposes that consumers favor products offering the most quality
performance, or innovative features.
Implementation of the product concept focuses on producing superior products with
innovative features that are normally improved over time to meet the customer expectation.
5. THE SOCIETAL MARKETING CONCEPT
The societal marketing concept focuses on delivering value to customers in way of
maintaining or improving consumers and society wellbeing. It looks on the interests and
needs of the targeted consumer market.
So there are three considerations underlying this concept which are Consumers satisfaction,
society’s welfare and company’s profit.
IMPORTANCE OF MARKETING MANAGEMENT ORIENTATIONS
1. To meet customer needs more effectively.
2. To avoid strategic mistakes.
3. To uncover opportunities before competitors.
4. To achieve higher customer satisfaction.
5. To implement emerging technologies in the concept of marketing orientation.
REFERENCES
http://www.ehow.com/info_8469688_five-different-marketing-management-orientations.html
(Accessed on 15th Nov 2014)
http://thinkcreative30.wordpress.com/2012/08/25/how-important-is-a-market-orientation-
in-the-digital-age/ (Accessed on 15th Nov 2014)
Marketing management (14th edition) by Philip Kottler
BWEMELO S.G: Marketing management student learning guide

More Related Content

What's hot

Introduction To Marketing
Introduction To MarketingIntroduction To Marketing
Introduction To MarketingSubin Babu
 
Introduction to marketing and marketing concepts
Introduction to marketing and marketing conceptsIntroduction to marketing and marketing concepts
Introduction to marketing and marketing concepts
Rishabh Maity
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
Gayatri Iyer
 
Integrated Marketing Communications
Integrated Marketing CommunicationsIntegrated Marketing Communications
Integrated Marketing CommunicationsDavidt123
 
Marketing - Philip Kotler Ch 1
Marketing - Philip Kotler Ch 1Marketing - Philip Kotler Ch 1
Marketing - Philip Kotler Ch 1Mazhar Masood
 
Sales promotion ppt
Sales promotion pptSales promotion ppt
Sales promotion ppt
Sourav Karmakar
 
Promotional strategy
Promotional strategyPromotional strategy
Promotional strategy
Shivam Gupta
 
Market segmentation in Consumer Behavior
Market segmentation in Consumer BehaviorMarket segmentation in Consumer Behavior
Market segmentation in Consumer Behavior
Dr. Ahmad Faraz
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
Yashika Parekh
 
Retail marketing strategy
Retail marketing strategyRetail marketing strategy
Retail marketing strategy
Sakthivel R
 
Relationship marketing
Relationship  marketingRelationship  marketing
Relationship marketing
Naveen Prasad
 
Distribution Channel Management
Distribution Channel ManagementDistribution Channel Management
Distribution Channel Management
Dr. Parveen Kaur Nagpal
 
Marketing concepts
Marketing conceptsMarketing concepts
Marketing conceptsRobin Gulati
 
3. Theories of retailing, Retail Life Cycle
3. Theories of retailing, Retail Life Cycle3. Theories of retailing, Retail Life Cycle
3. Theories of retailing, Retail Life Cycle
Dr. Parveen Kaur Nagpal
 
Channel Power & Conflict and Channel Dynamics
Channel Power & Conflict and Channel DynamicsChannel Power & Conflict and Channel Dynamics
Channel Power & Conflict and Channel Dynamics
Navin Raj Saroj
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distribution
abhi23agrawal
 
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
Choudhry Asad
 
MARKETING POWERPOINT
MARKETING POWERPOINTMARKETING POWERPOINT
MARKETING POWERPOINT
Andrew Schwartz
 
Retail format
Retail formatRetail format
Retail format
Shahbaz Abdullah
 

What's hot (20)

Introduction To Marketing
Introduction To MarketingIntroduction To Marketing
Introduction To Marketing
 
Introduction to marketing and marketing concepts
Introduction to marketing and marketing conceptsIntroduction to marketing and marketing concepts
Introduction to marketing and marketing concepts
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
 
Integrated Marketing Communications
Integrated Marketing CommunicationsIntegrated Marketing Communications
Integrated Marketing Communications
 
Marketing - Philip Kotler Ch 1
Marketing - Philip Kotler Ch 1Marketing - Philip Kotler Ch 1
Marketing - Philip Kotler Ch 1
 
Sales promotion ppt
Sales promotion pptSales promotion ppt
Sales promotion ppt
 
Promotional strategy
Promotional strategyPromotional strategy
Promotional strategy
 
Market segmentation in Consumer Behavior
Market segmentation in Consumer BehaviorMarket segmentation in Consumer Behavior
Market segmentation in Consumer Behavior
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
 
Retail marketing strategy
Retail marketing strategyRetail marketing strategy
Retail marketing strategy
 
Relationship marketing
Relationship  marketingRelationship  marketing
Relationship marketing
 
Distribution Channel Management
Distribution Channel ManagementDistribution Channel Management
Distribution Channel Management
 
Marketing concepts
Marketing conceptsMarketing concepts
Marketing concepts
 
3. Theories of retailing, Retail Life Cycle
3. Theories of retailing, Retail Life Cycle3. Theories of retailing, Retail Life Cycle
3. Theories of retailing, Retail Life Cycle
 
Channel Power & Conflict and Channel Dynamics
Channel Power & Conflict and Channel DynamicsChannel Power & Conflict and Channel Dynamics
Channel Power & Conflict and Channel Dynamics
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distribution
 
Evolution Of Marketing
Evolution Of MarketingEvolution Of Marketing
Evolution Of Marketing
 
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
Developing Marketing Strategies and Plans / Marketing Management By Kotler K...
 
MARKETING POWERPOINT
MARKETING POWERPOINTMARKETING POWERPOINT
MARKETING POWERPOINT
 
Retail format
Retail formatRetail format
Retail format
 

Viewers also liked

Marketing Orientation
Marketing OrientationMarketing Orientation
Marketing Orientation
mcrashidkhan
 
Standardization and customization
Standardization and customizationStandardization and customization
Standardization and customizationYASHADA, Pune
 
Tasks necessary for successful marketing management
Tasks necessary for successful marketing managementTasks necessary for successful marketing management
Tasks necessary for successful marketing management
Sameer mathur
 
Tasks necessary for successful marketing management
Tasks necessary for successful marketing managementTasks necessary for successful marketing management
Tasks necessary for successful marketing management
Sameer mathur
 
Marketing (full)2010 437-
Marketing (full)2010 437-Marketing (full)2010 437-
Marketing (full)2010 437-dheerajw88
 
Product orientation and Market Orientation
Product orientation and Market OrientationProduct orientation and Market Orientation
Product orientation and Market Orientation
Tooba Fatima
 
Customer Focus and Market Orientation
Customer Focus and Market OrientationCustomer Focus and Market Orientation
Customer Focus and Market Orientation
Stephen Downes
 
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
Dan John
 
7 p's presentation
7 p's presentation7 p's presentation
7 p's presentationNikita Raut
 
Marketing mix 7 p's
Marketing mix   7 p'sMarketing mix   7 p's
Marketing mix 7 p's
Harshit Chadha
 
7ps of marketing ppt
7ps of marketing ppt7ps of marketing ppt
7ps of marketing ppt
Kishan Panchal
 
Presentation on 4 p's
Presentation on 4 p'sPresentation on 4 p's
Presentation on 4 p's
moadeogun
 
The 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPTThe 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPT
Mohit Pachauri
 
Basic concepts-of-marketing
Basic concepts-of-marketingBasic concepts-of-marketing
Basic concepts-of-marketingTuul Narantuya
 
Marketing mix the 7 p's of marketing
Marketing mix  the 7 p's of marketingMarketing mix  the 7 p's of marketing
Marketing mix the 7 p's of marketing
Eli Santos
 
Marketing mix development
Marketing mix developmentMarketing mix development
Marketing mix developmentugik sugiharto
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
Keshav Bhatia
 
Marketting mix ppt
Marketting mix pptMarketting mix ppt
Marketting mix ppt
abhishek2406
 

Viewers also liked (20)

Marketing Orientation
Marketing OrientationMarketing Orientation
Marketing Orientation
 
Standardization and customization
Standardization and customizationStandardization and customization
Standardization and customization
 
Tasks necessary for successful marketing management
Tasks necessary for successful marketing managementTasks necessary for successful marketing management
Tasks necessary for successful marketing management
 
Tasks necessary for successful marketing management
Tasks necessary for successful marketing managementTasks necessary for successful marketing management
Tasks necessary for successful marketing management
 
Kotler fmm ce_ppt_ch01
Kotler fmm ce_ppt_ch01Kotler fmm ce_ppt_ch01
Kotler fmm ce_ppt_ch01
 
Marketing (full)2010 437-
Marketing (full)2010 437-Marketing (full)2010 437-
Marketing (full)2010 437-
 
Product orientation and Market Orientation
Product orientation and Market OrientationProduct orientation and Market Orientation
Product orientation and Market Orientation
 
Customer Focus and Market Orientation
Customer Focus and Market OrientationCustomer Focus and Market Orientation
Customer Focus and Market Orientation
 
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
Marketing Concepts- Production, Social, Exchange, Selling, Product and Holist...
 
7 p's presentation
7 p's presentation7 p's presentation
7 p's presentation
 
Marketing mix 7 p's
Marketing mix   7 p'sMarketing mix   7 p's
Marketing mix 7 p's
 
7ps of marketing ppt
7ps of marketing ppt7ps of marketing ppt
7ps of marketing ppt
 
Presentation on 4 p's
Presentation on 4 p'sPresentation on 4 p's
Presentation on 4 p's
 
The 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPTThe 7P's of Marketing Mix - PPT
The 7P's of Marketing Mix - PPT
 
Marketing & 7 p's
Marketing & 7 p'sMarketing & 7 p's
Marketing & 7 p's
 
Basic concepts-of-marketing
Basic concepts-of-marketingBasic concepts-of-marketing
Basic concepts-of-marketing
 
Marketing mix the 7 p's of marketing
Marketing mix  the 7 p's of marketingMarketing mix  the 7 p's of marketing
Marketing mix the 7 p's of marketing
 
Marketing mix development
Marketing mix developmentMarketing mix development
Marketing mix development
 
Marketing Mix
Marketing MixMarketing Mix
Marketing Mix
 
Marketting mix ppt
Marketting mix pptMarketting mix ppt
Marketting mix ppt
 

Similar to Marketing management orientations

INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptxINTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
JamesalbertKing
 
marketing.pptx
marketing.pptxmarketing.pptx
marketing.pptx
sadiqfarhan2
 
Marketing management
Marketing managementMarketing management
Marketing management
Serbjeet Sangha
 
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
 
Unit 1 marketing management
Unit 1  marketing managementUnit 1  marketing management
Unit 1 marketing management
prachimba
 
01 principles-of-marketing-introduction
01 principles-of-marketing-introduction01 principles-of-marketing-introduction
01 principles-of-marketing-introduction
Sufyan Safi
 
Marketing Management Notes
Marketing Management NotesMarketing Management Notes
Marketing Management Notes
Debasis Mohanty
 
UNIT I.docx
UNIT I.docxUNIT I.docx
UNIT I.docx
SATHISHKUMARS403923
 
Principles-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssxPrinciples-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssx
cjoypingaron
 
Marketing philosophy
Marketing philosophyMarketing philosophy
Marketing philosophy
Charu Sharma
 
Marketing environment
Marketing environmentMarketing environment
Marketing environment
RajThakuri
 
Chapte-1:The marketing process of strategy and value from strong customer re...
Chapte-1:The marketing process of strategy  and value from strong customer re...Chapte-1:The marketing process of strategy  and value from strong customer re...
Chapte-1:The marketing process of strategy and value from strong customer re...
Dr. M A Wazed Miah Textile Engineering College Pirgonj Rangpur
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
EswariB1
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
Ajit Kumar
 
Marketing management paper presentation 1
Marketing management paper presentation 1Marketing management paper presentation 1
Marketing management paper presentation 1
SkvKirupasri
 
Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)
Mahitha Davala
 
PRINCIPLES OF MARKETING CHAPTER 1.pptx
PRINCIPLES OF MARKETING CHAPTER 1.pptxPRINCIPLES OF MARKETING CHAPTER 1.pptx
PRINCIPLES OF MARKETING CHAPTER 1.pptx
Maricel Sanchez
 
What Is Marketing .pdf
What Is Marketing .pdfWhat Is Marketing .pdf
What Is Marketing .pdf
eveIT
 
KEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESSKEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESS
ClarisseGonzales6
 
Ravidranath.pptx
Ravidranath.pptxRavidranath.pptx
Ravidranath.pptx
Mbabba2
 

Similar to Marketing management orientations (20)

INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptxINTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
INTRODUCTION TO MARKETING ^0 CAPTURING MARKETING INSIGHTS.pptx
 
marketing.pptx
marketing.pptxmarketing.pptx
marketing.pptx
 
Marketing management
Marketing managementMarketing management
Marketing management
 
ALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi WaliaALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi Walia
 
Unit 1 marketing management
Unit 1  marketing managementUnit 1  marketing management
Unit 1 marketing management
 
01 principles-of-marketing-introduction
01 principles-of-marketing-introduction01 principles-of-marketing-introduction
01 principles-of-marketing-introduction
 
Marketing Management Notes
Marketing Management NotesMarketing Management Notes
Marketing Management Notes
 
UNIT I.docx
UNIT I.docxUNIT I.docx
UNIT I.docx
 
Principles-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssxPrinciples-of-Marketing-Chapter-1.pptssx
Principles-of-Marketing-Chapter-1.pptssx
 
Marketing philosophy
Marketing philosophyMarketing philosophy
Marketing philosophy
 
Marketing environment
Marketing environmentMarketing environment
Marketing environment
 
Chapte-1:The marketing process of strategy and value from strong customer re...
Chapte-1:The marketing process of strategy  and value from strong customer re...Chapte-1:The marketing process of strategy  and value from strong customer re...
Chapte-1:The marketing process of strategy and value from strong customer re...
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
 
Marketing management paper presentation 1
Marketing management paper presentation 1Marketing management paper presentation 1
Marketing management paper presentation 1
 
Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)
 
PRINCIPLES OF MARKETING CHAPTER 1.pptx
PRINCIPLES OF MARKETING CHAPTER 1.pptxPRINCIPLES OF MARKETING CHAPTER 1.pptx
PRINCIPLES OF MARKETING CHAPTER 1.pptx
 
What Is Marketing .pdf
What Is Marketing .pdfWhat Is Marketing .pdf
What Is Marketing .pdf
 
KEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESSKEY CONCEPTS OF MARKETING PROCESS
KEY CONCEPTS OF MARKETING PROCESS
 
Ravidranath.pptx
Ravidranath.pptxRavidranath.pptx
Ravidranath.pptx
 

More from Suleyman Ally

Financial Accounting - How to determine a credit or debit entry
Financial Accounting - How to determine a credit or debit entryFinancial Accounting - How to determine a credit or debit entry
Financial Accounting - How to determine a credit or debit entry
Suleyman Ally
 
Market structure
Market structureMarket structure
Market structure
Suleyman Ally
 
Entrepreneurial mind set
Entrepreneurial mind setEntrepreneurial mind set
Entrepreneurial mind set
Suleyman Ally
 
Comparison of traditional managers, entrepreneurs and intrapreneurs
Comparison of traditional managers, entrepreneurs and intrapreneursComparison of traditional managers, entrepreneurs and intrapreneurs
Comparison of traditional managers, entrepreneurs and intrapreneurs
Suleyman Ally
 
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
Suleyman Ally
 
Managerial versus entrepreneurial decision making
Managerial versus entrepreneurial decision makingManagerial versus entrepreneurial decision making
Managerial versus entrepreneurial decision making
Suleyman Ally
 
Michael porter's five force model ( porter's competitive enviroment analysis)
Michael porter's five force model ( porter's competitive enviroment analysis)Michael porter's five force model ( porter's competitive enviroment analysis)
Michael porter's five force model ( porter's competitive enviroment analysis)
Suleyman Ally
 
Pest and pestel analysis
Pest and pestel analysisPest and pestel analysis
Pest and pestel analysis
Suleyman Ally
 
Organization mission statement and vision
Organization mission statement and visionOrganization mission statement and vision
Organization mission statement and vision
Suleyman Ally
 
Swot analysis , its importance and limitations
Swot analysis , its importance and limitationsSwot analysis , its importance and limitations
Swot analysis , its importance and limitations
Suleyman Ally
 
Strikes and lockouts, weapons used by employer and employee, advantages and d...
Strikes and lockouts, weapons used by employer and employee, advantages and d...Strikes and lockouts, weapons used by employer and employee, advantages and d...
Strikes and lockouts, weapons used by employer and employee, advantages and d...
Suleyman Ally
 
Trade unions: objectives, challenges, advantages,features,financing,recruitment
Trade unions: objectives, challenges, advantages,features,financing,recruitmentTrade unions: objectives, challenges, advantages,features,financing,recruitment
Trade unions: objectives, challenges, advantages,features,financing,recruitment
Suleyman Ally
 
How to influence a partner during negotiation, using SPIN principle. Negotiat...
How to influence a partner during negotiation, using SPIN principle. Negotiat...How to influence a partner during negotiation, using SPIN principle. Negotiat...
How to influence a partner during negotiation, using SPIN principle. Negotiat...
Suleyman Ally
 
The history of international monetary system
The history of international monetary systemThe history of international monetary system
The history of international monetary system
Suleyman Ally
 
Labour unrest,way to mitagate labour unrest and the effects of labour unrest
Labour unrest,way to mitagate labour unrest and the effects of labour unrestLabour unrest,way to mitagate labour unrest and the effects of labour unrest
Labour unrest,way to mitagate labour unrest and the effects of labour unrest
Suleyman Ally
 
Difference between management and administration
Difference between management and administrationDifference between management and administration
Difference between management and administration
Suleyman Ally
 
Three dimensions of information systems
Three dimensions of information systemsThree dimensions of information systems
Three dimensions of information systems
Suleyman Ally
 
Research process
Research process Research process
Research process
Suleyman Ally
 
Research ethics
Research ethicsResearch ethics
Research ethics
Suleyman Ally
 
Duties of a finance manager
Duties of a  finance managerDuties of a  finance manager
Duties of a finance manager
Suleyman Ally
 

More from Suleyman Ally (20)

Financial Accounting - How to determine a credit or debit entry
Financial Accounting - How to determine a credit or debit entryFinancial Accounting - How to determine a credit or debit entry
Financial Accounting - How to determine a credit or debit entry
 
Market structure
Market structureMarket structure
Market structure
 
Entrepreneurial mind set
Entrepreneurial mind setEntrepreneurial mind set
Entrepreneurial mind set
 
Comparison of traditional managers, entrepreneurs and intrapreneurs
Comparison of traditional managers, entrepreneurs and intrapreneursComparison of traditional managers, entrepreneurs and intrapreneurs
Comparison of traditional managers, entrepreneurs and intrapreneurs
 
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
Corporate and intraprenurial culture (corporate vs intrapreneurial culture)
 
Managerial versus entrepreneurial decision making
Managerial versus entrepreneurial decision makingManagerial versus entrepreneurial decision making
Managerial versus entrepreneurial decision making
 
Michael porter's five force model ( porter's competitive enviroment analysis)
Michael porter's five force model ( porter's competitive enviroment analysis)Michael porter's five force model ( porter's competitive enviroment analysis)
Michael porter's five force model ( porter's competitive enviroment analysis)
 
Pest and pestel analysis
Pest and pestel analysisPest and pestel analysis
Pest and pestel analysis
 
Organization mission statement and vision
Organization mission statement and visionOrganization mission statement and vision
Organization mission statement and vision
 
Swot analysis , its importance and limitations
Swot analysis , its importance and limitationsSwot analysis , its importance and limitations
Swot analysis , its importance and limitations
 
Strikes and lockouts, weapons used by employer and employee, advantages and d...
Strikes and lockouts, weapons used by employer and employee, advantages and d...Strikes and lockouts, weapons used by employer and employee, advantages and d...
Strikes and lockouts, weapons used by employer and employee, advantages and d...
 
Trade unions: objectives, challenges, advantages,features,financing,recruitment
Trade unions: objectives, challenges, advantages,features,financing,recruitmentTrade unions: objectives, challenges, advantages,features,financing,recruitment
Trade unions: objectives, challenges, advantages,features,financing,recruitment
 
How to influence a partner during negotiation, using SPIN principle. Negotiat...
How to influence a partner during negotiation, using SPIN principle. Negotiat...How to influence a partner during negotiation, using SPIN principle. Negotiat...
How to influence a partner during negotiation, using SPIN principle. Negotiat...
 
The history of international monetary system
The history of international monetary systemThe history of international monetary system
The history of international monetary system
 
Labour unrest,way to mitagate labour unrest and the effects of labour unrest
Labour unrest,way to mitagate labour unrest and the effects of labour unrestLabour unrest,way to mitagate labour unrest and the effects of labour unrest
Labour unrest,way to mitagate labour unrest and the effects of labour unrest
 
Difference between management and administration
Difference between management and administrationDifference between management and administration
Difference between management and administration
 
Three dimensions of information systems
Three dimensions of information systemsThree dimensions of information systems
Three dimensions of information systems
 
Research process
Research process Research process
Research process
 
Research ethics
Research ethicsResearch ethics
Research ethics
 
Duties of a finance manager
Duties of a  finance managerDuties of a  finance manager
Duties of a finance manager
 

Recently uploaded

Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
Col Mukteshwar Prasad
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
GeoBlogs
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
bennyroshan06
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
Anna Sz.
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
Steve Thomason
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Nguyen Thanh Tu Collection
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
rosedainty
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 

Recently uploaded (20)

Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Fish and Chips - have they had their chips
Fish and Chips - have they had their chipsFish and Chips - have they had their chips
Fish and Chips - have they had their chips
 
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptxMARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
The Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve ThomasonThe Art Pastor's Guide to Sabbath | Steve Thomason
The Art Pastor's Guide to Sabbath | Steve Thomason
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 

Marketing management orientations

  • 1. MARKETING According to charted institute of marketing, Marketing is defined as management process of Anticipating, identifying and satisfying customer requirements profitability. Marketing is all about identifying human and social needs. Stuffs which can be marketed include Goods, services, events, experiences, persons, places, properties, organization, information and ideas. Marketing consist of several objectives including increase sales volume, increase growth rate, increase market share, increase market penetration, maximize return on investment, promote social responsibility and promoting positive company image. MARKETING MANAGEMENT Marketing management is defined as the art and science of choosing targets markets and getting, keeping and growing customers through creating, delivering and communicating superior customer value A good marketing is no accident but a result of careful planning and execution using state-of- the-art tools and techniques. Financial success often depends on marketing ability, Thus finance, operation, accounting and other business function will not really matter if there is no sufficient demand for products and services. MARKETING MANAGEMENT ORIENTATION Marketing management orientations are different marketing concepts that focus on various techniques to create, produce and market products to customers. The management usually focuses on designing strategies that will build profitable relationships with target consumers. Marketing strategies are guided by philosophy Organizations use marketing orientations as a basis for their marketing campaigns. There are five main marketing management orientations which are as follows
  • 2. 1. THE PRODUCTION CONCEPT This is one of the oldest concepts in business. The concept holds the belief that consumers desire, favours and prefer products at low prices which are affordable and available. The production management needs to create products focusing on achieving high production efficiency, low costs, and mass distribution as a marketing strategy. 2. THE MARKETING CONCEPT The marketing concept emerged in the mid-1950s as a customer-centered, sense-and respond philosophy. The marketing concept holds that the key to achieving organizational goals is being more effective than competitors in creating, delivering, and communicating superior customer value to the target markets. The job is to find the right products for customers, thus the market strategy focus on buyer’s needs and producing what a company can sell. Implementation of marketing concept focus on three main basic elements of marketing which are customer orientation, company commitment and goal orientation. 3. THE SELLING CONCEPT The selling concept is based on the belief that consumers and businesses will not purchase products from companies or won’t buy enough of the organization’s products without aggressive selling and promotional efforts. The purpose of this concept is focusing on selling what the company creates rather than focusing on making what the consumer wants (what the market wants) during implementation. Managers usually focus on creating a comprehensive advertisement campaign to coax consumers into purchasing their products.
  • 3. 4. THE PRODUCT CONCEPT The product concept proposes that consumers favor products offering the most quality performance, or innovative features. Implementation of the product concept focuses on producing superior products with innovative features that are normally improved over time to meet the customer expectation. 5. THE SOCIETAL MARKETING CONCEPT The societal marketing concept focuses on delivering value to customers in way of maintaining or improving consumers and society wellbeing. It looks on the interests and needs of the targeted consumer market. So there are three considerations underlying this concept which are Consumers satisfaction, society’s welfare and company’s profit. IMPORTANCE OF MARKETING MANAGEMENT ORIENTATIONS 1. To meet customer needs more effectively. 2. To avoid strategic mistakes. 3. To uncover opportunities before competitors. 4. To achieve higher customer satisfaction. 5. To implement emerging technologies in the concept of marketing orientation.
  • 4. REFERENCES http://www.ehow.com/info_8469688_five-different-marketing-management-orientations.html (Accessed on 15th Nov 2014) http://thinkcreative30.wordpress.com/2012/08/25/how-important-is-a-market-orientation- in-the-digital-age/ (Accessed on 15th Nov 2014) Marketing management (14th edition) by Philip Kottler BWEMELO S.G: Marketing management student learning guide