SlideShare a Scribd company logo
MARKETING ORIENTATIONS
Until the 1950s, a majority of companies relied on the production
orientation concept. This idea assumed that as long as they produced high-
quality products, businesses would remain profitable. However, in today’s
hypercompetitive global markets, where consumers have a proliferation of
choices, companies have to maintain a competitive edge to beat the
competition.
That’s where market orientation concepts come in.
Marketing orientation is the business approach that dictates all the
processes within that organization. It outlines how the company’s
core offering is presented to its users and how the marketing teams
are empowered.
MARKETING ORIENTATION CONCEPTS
PRODUCTION ORIENTATION
A production orientated organisation commonly operates a mass
production model and streamlines this production process for its product
offering. This orientation approach assumes that its customers value
price, and therefore, it focuses on lowering production costs to meet such
price needs of this customer base.
This price is believed to form the main value proposition of the
production orientation organisation’s key offering, focusing its resources
towards operations and positioning its key marketing communications on
price-based messages.
Advantages: Economies of scale, efficiency, low cost to customers.
Disadvantages: Disregards customer needs, set-up costs are usually high.
PRODUCT ORIENTATION
This approach to business concerns its products and continually
improving and refining them so that the product can always be superior
to that of its competitors. So, as the previous orientation was centred
around price, product orientation is centred around quality, which often
increases the price.
Advantages: Focus on quality, innovation, skills
development/outsourcing.
Disadvantages: Potential missed market opportunities, obsolescence.
SALES ORIENTATION
A sales orientated organisation focuses the majority of its resources on selling its
products and services to its target audience. In a way, it does prioritise its
customers but not in a sense of listening to their needs and wants – it simply
wants to sell to them.
Existing products are usually given to the sales and marketing teams and they
are tasked to finding buyers to those products, wherever and whoever they
may be. Many organisations will feel they are not selling enough of their
products and will, therefore, adopt sales orientated techniques to focus the
organisation on selling more and building on its profit margins.
Advantages: Immediate short-term sales are generated.
Disadvantages: Risks customer confidence, costs, not always sustainable.
SOCIETAL ORIENTATION
As people generally become more aware of their environments, the world
and the societies they live within, the societal orientation approach has
emerged, giving organisations a new organisational philosophy.
The societal orientation organisation, considering its product, process and
its marketing, to an extent, focuses on the impact its organisation and
products has within the societies it operates within, as well as the wider
environment.
Advantages: Image is enhanced, appeals to upcoming markets, ethical.
Disadvantages: Marketing message is sometimes distorted, limited
budget.
MARKET ORIENTATION
A market orientated organisation looks at the market and its target audience first, before
any production or sales activities takes place, to learn what potential customers want from
organisations. The product or service offering is therefore created with the customer in mind,
resulting in a true customer-first approach.
Market-oriented businesses focus on analyzing the target audience to determine their needs
and design a product to fit those needs. This business model centers everything around what
the customer wants rather than on promotions. Market orientation revolves around customer
satisfaction and reacting to the demands of the customer.
Advantages: Customer satisfaction, loyalty, continual investment in research.
Disadvantages: Reactive, not always innovative, market always changing.
Market orientation is more of an approach to product design rather than
promotion. It means that the priority is to analyze the target audience and
determine their needs instead of undertaking any promotional or sales activity. The
needs are kept in mind while developing and upgrading the product offering.
A market-oriented organization uses a customer-centered approach, which means
that the most pressing concerns, immediate needs, and personal preferences of the
consumer base must be researched.
The strategy must be focused on values, culture, and other behavioral traits of the
consumer base. Thus, the development efforts of the organization are focused on
characteristics that are most widely demanded. This enables companies to adapt
to different markets and enhance competitiveness.
THANKS

More Related Content

What's hot

Marketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management TasksMarketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management Tasks
sharen1967
 
Pricing Decisions
Pricing DecisionsPricing Decisions
Pricing Decisions
ravalhimani
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning ProcessSushant Murarka
 
Basic concepts-of-marketing
Basic concepts-of-marketingBasic concepts-of-marketing
Basic concepts-of-marketingTuul Narantuya
 
Pricing methods..
Pricing methods..Pricing methods..
Pricing methods..
Sujith Nair
 
Marketing concepts
Marketing conceptsMarketing concepts
Marketing conceptsRobin Gulati
 
NATURE AND SCOPE OF MARKETING
NATURE AND SCOPE OF MARKETINGNATURE AND SCOPE OF MARKETING
NATURE AND SCOPE OF MARKETING
Saumya Kumar
 
Promotion mix
Promotion mixPromotion mix
Promotion mix
Mohit Khatrii
 
Types of markets
Types of markets Types of markets
Types of markets
samimfaizy1
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
Gayatri Iyer
 
Pricing Policies and Strategies
Pricing Policies and StrategiesPricing Policies and Strategies
Pricing Policies and Strategies
Mohit Agarwal
 
Marketing Mix - Price
Marketing Mix - PriceMarketing Mix - Price
Marketing Mix - Price
Hillary Jenkins
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
Byju Antony
 
Core marketing concept ppt
Core marketing concept pptCore marketing concept ppt
Core marketing concept ppt
bhagwan biradar
 
Meaning and objectives of pricing
Meaning and objectives of pricingMeaning and objectives of pricing
Meaning and objectives of pricingPranav Kumar Ojha
 
Product mix
Product mixProduct mix
Product mix
ANUJ YADAV
 
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONSPRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
Jithin Omanakuttan
 
Pricing decision
Pricing decisionPricing decision
Pricing decision
Prathibhashetty6
 

What's hot (20)

Marketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management TasksMarketing - Definition & Importance, Concepts & Marketing Management Tasks
Marketing - Definition & Importance, Concepts & Marketing Management Tasks
 
Pricing Decisions
Pricing DecisionsPricing Decisions
Pricing Decisions
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning Process
 
Basic concepts-of-marketing
Basic concepts-of-marketingBasic concepts-of-marketing
Basic concepts-of-marketing
 
Pricing methods..
Pricing methods..Pricing methods..
Pricing methods..
 
Marketing concepts
Marketing conceptsMarketing concepts
Marketing concepts
 
NATURE AND SCOPE OF MARKETING
NATURE AND SCOPE OF MARKETINGNATURE AND SCOPE OF MARKETING
NATURE AND SCOPE OF MARKETING
 
Promotion mix
Promotion mixPromotion mix
Promotion mix
 
Types of markets
Types of markets Types of markets
Types of markets
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
 
Pricing Policies and Strategies
Pricing Policies and StrategiesPricing Policies and Strategies
Pricing Policies and Strategies
 
Marketing Mix - Price
Marketing Mix - PriceMarketing Mix - Price
Marketing Mix - Price
 
Marketing mix
Marketing mixMarketing mix
Marketing mix
 
Core marketing concept ppt
Core marketing concept pptCore marketing concept ppt
Core marketing concept ppt
 
Meaning and objectives of pricing
Meaning and objectives of pricingMeaning and objectives of pricing
Meaning and objectives of pricing
 
Evolution Of Marketing
Evolution Of MarketingEvolution Of Marketing
Evolution Of Marketing
 
Product mix
Product mixProduct mix
Product mix
 
Market segmentation
Market segmentationMarket segmentation
Market segmentation
 
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONSPRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
PRICING DECISIONS & FACTORS INFLUENCING PRICING DECISIONS
 
Pricing decision
Pricing decisionPricing decision
Pricing decision
 

Similar to Marketing orientations

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
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientations
Suleyman Ally
 
UNIT I.docx
UNIT I.docxUNIT I.docx
UNIT I.docx
SATHISHKUMARS403923
 
Marketing management orientation
Marketing management orientationMarketing management orientation
Marketing management orientation
Abdullah Khosa
 
01 principles-of-marketing-introduction
01 principles-of-marketing-introduction01 principles-of-marketing-introduction
01 principles-of-marketing-introduction
Sufyan Safi
 
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptxCHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
VEENANMAI002515
 
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
 
Navigating Business Success A Comprehensive Exploration of Types of Business ...
Navigating Business Success A Comprehensive Exploration of Types of Business ...Navigating Business Success A Comprehensive Exploration of Types of Business ...
Navigating Business Success A Comprehensive Exploration of Types of Business ...
Mr. Business Magazine
 
Introduction to marketing management-1.pdf
Introduction to marketing management-1.pdfIntroduction to marketing management-1.pdf
Introduction to marketing management-1.pdf
OshadiVindika
 
Schiffam01
Schiffam01Schiffam01
Schiffam01
jollyguy1987
 
Chapter 1 Consumer Behavior Its Origins And Strategic Applications
Chapter 1 Consumer Behavior Its Origins And Strategic ApplicationsChapter 1 Consumer Behavior Its Origins And Strategic Applications
Chapter 1 Consumer Behavior Its Origins And Strategic Applications
Avinash Kumar
 
Module 2- Key Concepts of Marketing Process
Module 2- Key Concepts of Marketing ProcessModule 2- Key Concepts of Marketing Process
Module 2- Key Concepts of Marketing Process
DANEKHRYSSELSEVERA
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
Nishant Munjal
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketingDeepali Mhatre
 
Chapter 1. marketing
Chapter 1. marketingChapter 1. marketing
Chapter 1. marketingJags Jagdish
 
CH 1.ppt
CH 1.pptCH 1.ppt
CH 1.ppt
Archanasarkar4
 
Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)
Mahitha Davala
 
Marketing concepts | Kamal Singh
Marketing concepts | Kamal SinghMarketing concepts | Kamal Singh
Marketing concepts | Kamal Singh
KamalSingh397
 
Introduction to marketing principles week 1
Introduction to marketing principles week 1Introduction to marketing principles week 1
Introduction to marketing principles week 1Rachel Coles
 
Commerce material DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
Commerce material   DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...Commerce material   DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
Commerce material DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
hariharan n
 

Similar to Marketing orientations (20)

ALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi WaliaALL ABOUT MARKETING by Aditi Walia
ALL ABOUT MARKETING by Aditi Walia
 
Marketing management orientations
Marketing management orientationsMarketing management orientations
Marketing management orientations
 
UNIT I.docx
UNIT I.docxUNIT I.docx
UNIT I.docx
 
Marketing management orientation
Marketing management orientationMarketing management orientation
Marketing management orientation
 
01 principles-of-marketing-introduction
01 principles-of-marketing-introduction01 principles-of-marketing-introduction
01 principles-of-marketing-introduction
 
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptxCHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
CHAPTER-1 AND CHAPTER-2 PPT OF POM.pptx
 
Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.Dr. V. Ramadevi, Department of Management.
Dr. V. Ramadevi, Department of Management.
 
Navigating Business Success A Comprehensive Exploration of Types of Business ...
Navigating Business Success A Comprehensive Exploration of Types of Business ...Navigating Business Success A Comprehensive Exploration of Types of Business ...
Navigating Business Success A Comprehensive Exploration of Types of Business ...
 
Introduction to marketing management-1.pdf
Introduction to marketing management-1.pdfIntroduction to marketing management-1.pdf
Introduction to marketing management-1.pdf
 
Schiffam01
Schiffam01Schiffam01
Schiffam01
 
Chapter 1 Consumer Behavior Its Origins And Strategic Applications
Chapter 1 Consumer Behavior Its Origins And Strategic ApplicationsChapter 1 Consumer Behavior Its Origins And Strategic Applications
Chapter 1 Consumer Behavior Its Origins And Strategic Applications
 
Module 2- Key Concepts of Marketing Process
Module 2- Key Concepts of Marketing ProcessModule 2- Key Concepts of Marketing Process
Module 2- Key Concepts of Marketing Process
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
 
Chapter 1. marketing
Chapter 1. marketingChapter 1. marketing
Chapter 1. marketing
 
CH 1.ppt
CH 1.pptCH 1.ppt
CH 1.ppt
 
Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)Philosophies of marketing (Concepts)
Philosophies of marketing (Concepts)
 
Marketing concepts | Kamal Singh
Marketing concepts | Kamal SinghMarketing concepts | Kamal Singh
Marketing concepts | Kamal Singh
 
Introduction to marketing principles week 1
Introduction to marketing principles week 1Introduction to marketing principles week 1
Introduction to marketing principles week 1
 
Commerce material DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
Commerce material   DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...Commerce material   DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
Commerce material DIRECT RECRUITMENT FOR THE POST OF POST GRADUATE ASSISTAN...
 

More from Bench Mate

Objective and Types of Financial Statements
Objective and Types of Financial StatementsObjective and Types of Financial Statements
Objective and Types of Financial Statements
Bench Mate
 
debenture issue and redemption
debenture issue and redemptiondebenture issue and redemption
debenture issue and redemption
Bench Mate
 
debenture as consideration otherthan cash
debenture as consideration otherthan cashdebenture as consideration otherthan cash
debenture as consideration otherthan cash
Bench Mate
 
Issue of Debenture
Issue of DebentureIssue of Debenture
Issue of Debenture
Bench Mate
 
Introduction to debentures
Introduction to debenturesIntroduction to debentures
Introduction to debentures
Bench Mate
 
Product mix
Product mixProduct mix
Product mix
Bench Mate
 
Product hierarchy and line
Product hierarchy and lineProduct hierarchy and line
Product hierarchy and line
Bench Mate
 
Functions of Marketing
Functions of MarketingFunctions of Marketing
Functions of Marketing
Bench Mate
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
Bench Mate
 
Bank marketing
Bank marketingBank marketing
Bank marketing
Bench Mate
 

More from Bench Mate (10)

Objective and Types of Financial Statements
Objective and Types of Financial StatementsObjective and Types of Financial Statements
Objective and Types of Financial Statements
 
debenture issue and redemption
debenture issue and redemptiondebenture issue and redemption
debenture issue and redemption
 
debenture as consideration otherthan cash
debenture as consideration otherthan cashdebenture as consideration otherthan cash
debenture as consideration otherthan cash
 
Issue of Debenture
Issue of DebentureIssue of Debenture
Issue of Debenture
 
Introduction to debentures
Introduction to debenturesIntroduction to debentures
Introduction to debentures
 
Product mix
Product mixProduct mix
Product mix
 
Product hierarchy and line
Product hierarchy and lineProduct hierarchy and line
Product hierarchy and line
 
Functions of Marketing
Functions of MarketingFunctions of Marketing
Functions of Marketing
 
Introduction to marketing
Introduction to marketingIntroduction to marketing
Introduction to marketing
 
Bank marketing
Bank marketingBank marketing
Bank marketing
 

Recently uploaded

Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdfOffissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
offisadizayn
 
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
levuag
 
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Search Engine Journal
 
Monthly Social Media News Update May 2024
Monthly Social Media News Update May 2024Monthly Social Media News Update May 2024
Monthly Social Media News Update May 2024
Andy Lambert
 
The What, Why & How of 3D and AR in Digital Commerce
The What, Why & How of 3D and AR in Digital CommerceThe What, Why & How of 3D and AR in Digital Commerce
The What, Why & How of 3D and AR in Digital Commerce
PushON Ltd
 
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness ReportThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
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
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
 
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
Maswer Ali
 
Digital Money Maker Club – von Gunnar Kessler digital.
Digital Money Maker Club – von Gunnar Kessler digital.Digital Money Maker Club – von Gunnar Kessler digital.
Digital Money Maker Club – von Gunnar Kessler digital.
focsh890
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
Peter Mead
 
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
 
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthTop 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Demandbase
 
SEO as the Backbone of Digital Marketing
SEO as the Backbone of Digital MarketingSEO as the Backbone of Digital Marketing
SEO as the Backbone of Digital Marketing
Felipe Bazon
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
DeepakTripathi733493
 
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 

Recently uploaded (20)

Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdfOffissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
Offissa Dizayn - Otel, Kafe, Restoran Kataloqu_240603_011042.pdf
 
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
20221005110010_633d63baa84f6_learn___week_3_ch._5.pdf
 
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
 
Monthly Social Media News Update May 2024
Monthly Social Media News Update May 2024Monthly Social Media News Update May 2024
Monthly Social Media News Update May 2024
 
The What, Why & How of 3D and AR in Digital Commerce
The What, Why & How of 3D and AR in Digital CommerceThe What, Why & How of 3D and AR in Digital Commerce
The What, Why & How of 3D and AR in Digital Commerce
 
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness ReportThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness Report
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
 
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
 
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
 
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
 
Digital Money Maker Club – von Gunnar Kessler digital.
Digital Money Maker Club – von Gunnar Kessler digital.Digital Money Maker Club – von Gunnar Kessler digital.
Digital Money Maker Club – von Gunnar Kessler digital.
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
 
Metaverse Marketing in the Generation of the Internet - Eugene Capon
Metaverse Marketing in the Generation of the Internet - Eugene CaponMetaverse Marketing in the Generation of the Internet - Eugene Capon
Metaverse Marketing in the Generation of the Internet - Eugene Capon
 
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
 
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthTop 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
 
SEO as the Backbone of Digital Marketing
SEO as the Backbone of Digital MarketingSEO as the Backbone of Digital Marketing
SEO as the Backbone of Digital Marketing
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on How
 
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
 
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
Your Path to Profits - The Game-Changing Power of a Marketing OS for Your Bus...
 

Marketing orientations

  • 2. Until the 1950s, a majority of companies relied on the production orientation concept. This idea assumed that as long as they produced high- quality products, businesses would remain profitable. However, in today’s hypercompetitive global markets, where consumers have a proliferation of choices, companies have to maintain a competitive edge to beat the competition. That’s where market orientation concepts come in.
  • 3. Marketing orientation is the business approach that dictates all the processes within that organization. It outlines how the company’s core offering is presented to its users and how the marketing teams are empowered.
  • 5. PRODUCTION ORIENTATION A production orientated organisation commonly operates a mass production model and streamlines this production process for its product offering. This orientation approach assumes that its customers value price, and therefore, it focuses on lowering production costs to meet such price needs of this customer base. This price is believed to form the main value proposition of the production orientation organisation’s key offering, focusing its resources towards operations and positioning its key marketing communications on price-based messages. Advantages: Economies of scale, efficiency, low cost to customers. Disadvantages: Disregards customer needs, set-up costs are usually high.
  • 6. PRODUCT ORIENTATION This approach to business concerns its products and continually improving and refining them so that the product can always be superior to that of its competitors. So, as the previous orientation was centred around price, product orientation is centred around quality, which often increases the price. Advantages: Focus on quality, innovation, skills development/outsourcing. Disadvantages: Potential missed market opportunities, obsolescence.
  • 7. SALES ORIENTATION A sales orientated organisation focuses the majority of its resources on selling its products and services to its target audience. In a way, it does prioritise its customers but not in a sense of listening to their needs and wants – it simply wants to sell to them. Existing products are usually given to the sales and marketing teams and they are tasked to finding buyers to those products, wherever and whoever they may be. Many organisations will feel they are not selling enough of their products and will, therefore, adopt sales orientated techniques to focus the organisation on selling more and building on its profit margins. Advantages: Immediate short-term sales are generated. Disadvantages: Risks customer confidence, costs, not always sustainable.
  • 8. SOCIETAL ORIENTATION As people generally become more aware of their environments, the world and the societies they live within, the societal orientation approach has emerged, giving organisations a new organisational philosophy. The societal orientation organisation, considering its product, process and its marketing, to an extent, focuses on the impact its organisation and products has within the societies it operates within, as well as the wider environment. Advantages: Image is enhanced, appeals to upcoming markets, ethical. Disadvantages: Marketing message is sometimes distorted, limited budget.
  • 9. MARKET ORIENTATION A market orientated organisation looks at the market and its target audience first, before any production or sales activities takes place, to learn what potential customers want from organisations. The product or service offering is therefore created with the customer in mind, resulting in a true customer-first approach. Market-oriented businesses focus on analyzing the target audience to determine their needs and design a product to fit those needs. This business model centers everything around what the customer wants rather than on promotions. Market orientation revolves around customer satisfaction and reacting to the demands of the customer. Advantages: Customer satisfaction, loyalty, continual investment in research. Disadvantages: Reactive, not always innovative, market always changing.
  • 10. Market orientation is more of an approach to product design rather than promotion. It means that the priority is to analyze the target audience and determine their needs instead of undertaking any promotional or sales activity. The needs are kept in mind while developing and upgrading the product offering. A market-oriented organization uses a customer-centered approach, which means that the most pressing concerns, immediate needs, and personal preferences of the consumer base must be researched. The strategy must be focused on values, culture, and other behavioral traits of the consumer base. Thus, the development efforts of the organization are focused on characteristics that are most widely demanded. This enables companies to adapt to different markets and enhance competitiveness.