SlideShare a Scribd company logo
T2. Specification of Marketing as a Process

By now you have your definition of Marketing....

TASK: Now I am looking for you to actually take this definition and render Marketing as
a process that runs from the earliest idea of a potential market, right through to a successful
relationship between company and client (where the customer is of another culture and
living in a nation other than that of the company). Please produce this process as a Flow
Chart that chronologically sequences a series of step-by-step activities. (I realise that some
steps run in parallel).



Let me help get you started.....

Presumably your process will involve initial research into the market potential? Here is an
idea of the scope of just one early element of the process: Market Research, which, for your
information, I distilled as follows for the benefit my Lörrach students:

...”Market Research is an ongoing, outward-looking process by which an organisation seeks
systematically to acquire (through primary or secondary research) relevant, valid and
reliable data concerning its existing and potential customers and competitors (and any
present or forecast influences acting upon them which may present threats to or opportunities
for the organisation and its future aspirations) with a view to transforming such data into
knowledge (by means of its organisation, presentation, analysis, evaluation, synthesis and its
timely communication and sharing) in order to underpin strategic and tactical decision-
making such that the organisation is continually engaged in learning and thus always able to
maintain the best fit, dynamic equilibrium between its internal production & service
capabilities and external opportunities/market demand. The Market Research process is such
that although it may be nominally the responsibility of one function/division/department, it
will involve most, if not all, business functions and staff in gathering data, transforming it,
sharing it, learning from it and responding thereto.” T. Jolley (2007)

SO: you have identified a potential market for your product: what comes next? (Continue
your Flow Chart...and keep going....)



Where am I going with all this? .............Well, if I can get you to understand Marketing as a
process... I can then get onto the really interesting stuff and ask you to analyse each
component stage/activity in this process and identify exactly where ‘culture’ and ‘inter-
cultural’ matters may be important issues / play a important roles. I want you not only to be
able to understand culture, but why, where and how it plays a role in order that you can
manage it: you can DO something with it. A lot of people tend to know ‘about’ certain
things, but they often prove unable to intervene at critical moments because they do not know
where to look, what to look for or how to respond. Consider Market Research as defined
above: where do you think ‘culture’ can come in and cause problems unless one is very
careful.

More Related Content

What's hot

Bized Ppt
Bized PptBized Ppt
Bized PptUmesh
 
Internationalisation for Growth
Internationalisation for GrowthInternationalisation for Growth
Internationalisation for Growth
spin-up
 
The Born Global Strategy
The Born Global StrategyThe Born Global Strategy
The Born Global Strategy
Ricardo Siller Cardenas
 
Innovation, Marketing and Sales for Growth
Innovation, Marketing and Sales for GrowthInnovation, Marketing and Sales for Growth
Innovation, Marketing and Sales for Growth
spin-up
 
Module 3.1 - Sales and pipeline management
Module 3.1 - Sales and pipeline managementModule 3.1 - Sales and pipeline management
Module 3.1 - Sales and pipeline management
szpinter
 
Innovint eusani
Innovint eusaniInnovint eusani
Innovint eusani
Marcello EUSANI
 
Course Description
Course DescriptionCourse Description
Course Description
Panbil
 
2016.03.02 The Born Global firm
2016.03.02 The Born Global firm 2016.03.02 The Born Global firm
2016.03.02 The Born Global firm
NUI Galway
 
about start up for you
about start up for youabout start up for you
about start up for you
aliaalistartup
 
2021 Job description Generation Spain - Partnership Manager
2021 Job description Generation Spain - Partnership Manager2021 Job description Generation Spain - Partnership Manager
2021 Job description Generation Spain - Partnership Manager
Laila Muharram Rey
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
GILM Project
 
Po b lecture 8 global business models students
Po b lecture 8   global business models studentsPo b lecture 8   global business models students
Po b lecture 8 global business models students
Diana Shore
 
Itb 305 Massive Success / snaptutorial.com
Itb 305 Massive Success / snaptutorial.comItb 305 Massive Success / snaptutorial.com
Itb 305 Massive Success / snaptutorial.com
Stephenson145
 

What's hot (20)

Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Bized Ppt
Bized PptBized Ppt
Bized Ppt
 
Busstrategy
BusstrategyBusstrategy
Busstrategy
 
Internationalisation for Growth
Internationalisation for GrowthInternationalisation for Growth
Internationalisation for Growth
 
The Born Global Strategy
The Born Global StrategyThe Born Global Strategy
The Born Global Strategy
 
Innovation, Marketing and Sales for Growth
Innovation, Marketing and Sales for GrowthInnovation, Marketing and Sales for Growth
Innovation, Marketing and Sales for Growth
 
Module 3.1 - Sales and pipeline management
Module 3.1 - Sales and pipeline managementModule 3.1 - Sales and pipeline management
Module 3.1 - Sales and pipeline management
 
Innovint eusani
Innovint eusaniInnovint eusani
Innovint eusani
 
Course Description
Course DescriptionCourse Description
Course Description
 
2016.03.02 The Born Global firm
2016.03.02 The Born Global firm 2016.03.02 The Born Global firm
2016.03.02 The Born Global firm
 
about start up for you
about start up for youabout start up for you
about start up for you
 
2021 Job description Generation Spain - Partnership Manager
2021 Job description Generation Spain - Partnership Manager2021 Job description Generation Spain - Partnership Manager
2021 Job description Generation Spain - Partnership Manager
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 
CV
CVCV
CV
 
Po b lecture 8 global business models students
Po b lecture 8   global business models studentsPo b lecture 8   global business models students
Po b lecture 8 global business models students
 
Itb 305 Massive Success / snaptutorial.com
Itb 305 Massive Success / snaptutorial.comItb 305 Massive Success / snaptutorial.com
Itb 305 Massive Success / snaptutorial.com
 

Viewers also liked

Sim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 VisionSim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 VisionTonyversity
 
Micai susty team workshop
Micai susty team workshopMicai susty team workshop
Micai susty team workshop
Tonyversity
 
Political power
Political powerPolitical power
Political power
Tonyversity
 
Definition of mechanical engineering
Definition of mechanical engineeringDefinition of mechanical engineering
Definition of mechanical engineeringTonyversity
 
Col Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site NegCol Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site NegTonyversity
 
Simulation Scenario Context
Simulation Scenario ContextSimulation Scenario Context
Simulation Scenario ContextTonyversity
 
M1 m communication process cult and marketing
M1 m communication process cult and marketingM1 m communication process cult and marketing
M1 m communication process cult and marketingTonyversity
 

Viewers also liked (9)

Sim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 VisionSim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 Vision
 
Micai susty team workshop
Micai susty team workshopMicai susty team workshop
Micai susty team workshop
 
Political power
Political powerPolitical power
Political power
 
Definition of mechanical engineering
Definition of mechanical engineeringDefinition of mechanical engineering
Definition of mechanical engineering
 
Col Sim Hrm
Col Sim HrmCol Sim Hrm
Col Sim Hrm
 
Sim 2 Hrm
Sim 2 HrmSim 2 Hrm
Sim 2 Hrm
 
Col Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site NegCol Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site Neg
 
Simulation Scenario Context
Simulation Scenario ContextSimulation Scenario Context
Simulation Scenario Context
 
M1 m communication process cult and marketing
M1 m communication process cult and marketingM1 m communication process cult and marketing
M1 m communication process cult and marketing
 

Similar to T2 spec marketing process

Research On How To Market A New Product
Research On How To Market A New ProductResearch On How To Market A New Product
Research On How To Market A New Product
Rachel Davis
 
Marketing Research Essay
Marketing Research EssayMarketing Research Essay
Marketing Research Essay
Buy Dissertation Paper Minnetonka
 
Lorrach Mkt Res Attrib Def
Lorrach Mkt Res Attrib DefLorrach Mkt Res Attrib Def
Lorrach Mkt Res Attrib DefTonyversity
 
MS Statement Of Purpose
MS Statement Of PurposeMS Statement Of Purpose
MS Statement Of Purpose
Lisa Williams
 
Task 1!
Task 1!Task 1!
Task 1!
AlanSmith96
 
Marketing
MarketingMarketing
Marketing
Lepipi
 
Define it for me? 26 Product Managers on product marketing, as they see it
Define it for me? 26 Product Managers on product marketing, as they see itDefine it for me? 26 Product Managers on product marketing, as they see it
Define it for me? 26 Product Managers on product marketing, as they see it
RichardKing201
 
Creative Brief Dutch Entrepreneur One Source Solution
Creative Brief Dutch Entrepreneur One Source SolutionCreative Brief Dutch Entrepreneur One Source Solution
Creative Brief Dutch Entrepreneur One Source Solution
Lauren Valbert
 
Brian Haacke - Sales Adjacency Model
Brian Haacke - Sales Adjacency ModelBrian Haacke - Sales Adjacency Model
Brian Haacke - Sales Adjacency Model
Brian Haacke
 
Marketing plan in 85 slides
Marketing plan in 85 slidesMarketing plan in 85 slides
Marketing plan in 85 slides
Johanna Heinonen
 
Caw conference 2009 presentation production mapping- final
Caw conference 2009   presentation production mapping- finalCaw conference 2009   presentation production mapping- final
Caw conference 2009 presentation production mapping- final
TIE-Netherlands
 
Research__Retailing Activities
Research__Retailing ActivitiesResearch__Retailing Activities
Research__Retailing ActivitiesTung Duong Duc
 
What is business research
What is business research What is business research
What is business research
johnrheuvenbentulan
 
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
Md Shaifullar Rabbi
 

Similar to T2 spec marketing process (17)

Research On How To Market A New Product
Research On How To Market A New ProductResearch On How To Market A New Product
Research On How To Market A New Product
 
Marketing Research Essay
Marketing Research EssayMarketing Research Essay
Marketing Research Essay
 
Lorrach Mkt Res Attrib Def
Lorrach Mkt Res Attrib DefLorrach Mkt Res Attrib Def
Lorrach Mkt Res Attrib Def
 
Garcia fuentes investigacion_mcdo
Garcia fuentes investigacion_mcdoGarcia fuentes investigacion_mcdo
Garcia fuentes investigacion_mcdo
 
MS Statement Of Purpose
MS Statement Of PurposeMS Statement Of Purpose
MS Statement Of Purpose
 
Hr model
Hr modelHr model
Hr model
 
Marketing junaid
Marketing junaidMarketing junaid
Marketing junaid
 
Task 1!
Task 1!Task 1!
Task 1!
 
Marketing
MarketingMarketing
Marketing
 
Define it for me? 26 Product Managers on product marketing, as they see it
Define it for me? 26 Product Managers on product marketing, as they see itDefine it for me? 26 Product Managers on product marketing, as they see it
Define it for me? 26 Product Managers on product marketing, as they see it
 
Creative Brief Dutch Entrepreneur One Source Solution
Creative Brief Dutch Entrepreneur One Source SolutionCreative Brief Dutch Entrepreneur One Source Solution
Creative Brief Dutch Entrepreneur One Source Solution
 
Brian Haacke - Sales Adjacency Model
Brian Haacke - Sales Adjacency ModelBrian Haacke - Sales Adjacency Model
Brian Haacke - Sales Adjacency Model
 
Marketing plan in 85 slides
Marketing plan in 85 slidesMarketing plan in 85 slides
Marketing plan in 85 slides
 
Caw conference 2009 presentation production mapping- final
Caw conference 2009   presentation production mapping- finalCaw conference 2009   presentation production mapping- final
Caw conference 2009 presentation production mapping- final
 
Research__Retailing Activities
Research__Retailing ActivitiesResearch__Retailing Activities
Research__Retailing Activities
 
What is business research
What is business research What is business research
What is business research
 
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
Chapter 2 Defining and Understanding the Consumer (Tourism and Hospitality Ma...
 

More from Tonyversity

Power musings
Power musingsPower musings
Power musings
Tonyversity
 
M1 intercultural marketing t sched inc assmt
M1 intercultural marketing t sched inc assmtM1 intercultural marketing t sched inc assmt
M1 intercultural marketing t sched inc assmtTonyversity
 
M1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc AssmtM1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc AssmtTonyversity
 
M1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit SpecM1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit SpecTonyversity
 
Prod Ser Man Exam Dec 07 Inc Gline Ans
Prod Ser Man Exam Dec 07 Inc Gline AnsProd Ser Man Exam Dec 07 Inc Gline Ans
Prod Ser Man Exam Dec 07 Inc Gline AnsTonyversity
 
Trojan Horse Results Eg
Trojan Horse Results EgTrojan Horse Results Eg
Trojan Horse Results EgTonyversity
 
Sim 3 Site Neg Agenda
Sim 3 Site Neg AgendaSim 3 Site Neg Agenda
Sim 3 Site Neg AgendaTonyversity
 
Challenge Everything
Challenge EverythingChallenge Everything
Challenge EverythingTonyversity
 
Col Cult Communication Process
Col Cult Communication ProcessCol Cult Communication Process
Col Cult Communication ProcessTonyversity
 
Project Proposition Form
Project Proposition FormProject Proposition Form
Project Proposition FormTonyversity
 
T 1b Theorists Defs
T 1b Theorists DefsT 1b Theorists Defs
T 1b Theorists DefsTonyversity
 
T1 D Previous Defs And Master
T1 D Previous Defs And MasterT1 D Previous Defs And Master
T1 D Previous Defs And MasterTonyversity
 
T1 C Culture Defs Inc Tj
T1 C Culture Defs  Inc TjT1 C Culture Defs  Inc Tj
T1 C Culture Defs Inc TjTonyversity
 
T 1a Defining Culture And Interculture
T 1a Defining Culture And IntercultureT 1a Defining Culture And Interculture
T 1a Defining Culture And IntercultureTonyversity
 
Col Cult Comm Tm Unit Spec And Assmt
Col Cult Comm Tm Unit Spec And AssmtCol Cult Comm Tm Unit Spec And Assmt
Col Cult Comm Tm Unit Spec And AssmtTonyversity
 
Tech N Tourism 1960 2010
Tech N Tourism 1960 2010Tech N Tourism 1960 2010
Tech N Tourism 1960 2010Tonyversity
 

More from Tonyversity (20)

Power musings
Power musingsPower musings
Power musings
 
M1 intercultural marketing t sched inc assmt
M1 intercultural marketing t sched inc assmtM1 intercultural marketing t sched inc assmt
M1 intercultural marketing t sched inc assmt
 
M1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc AssmtM1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc Assmt
 
M1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit SpecM1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit Spec
 
Prod Ser Man Exam Dec 07 Inc Gline Ans
Prod Ser Man Exam Dec 07 Inc Gline AnsProd Ser Man Exam Dec 07 Inc Gline Ans
Prod Ser Man Exam Dec 07 Inc Gline Ans
 
Sim 5 Mis
Sim 5 MisSim 5 Mis
Sim 5 Mis
 
Trojan Horse Results Eg
Trojan Horse Results EgTrojan Horse Results Eg
Trojan Horse Results Eg
 
Sim 3 Site Neg Agenda
Sim 3 Site Neg AgendaSim 3 Site Neg Agenda
Sim 3 Site Neg Agenda
 
Sim 2 Hrm
Sim 2 HrmSim 2 Hrm
Sim 2 Hrm
 
Col Bus Sim Ol
Col Bus Sim OlCol Bus Sim Ol
Col Bus Sim Ol
 
Challenge Everything
Challenge EverythingChallenge Everything
Challenge Everything
 
Col Cult Communication Process
Col Cult Communication ProcessCol Cult Communication Process
Col Cult Communication Process
 
1960s
1960s1960s
1960s
 
Project Proposition Form
Project Proposition FormProject Proposition Form
Project Proposition Form
 
T 1b Theorists Defs
T 1b Theorists DefsT 1b Theorists Defs
T 1b Theorists Defs
 
T1 D Previous Defs And Master
T1 D Previous Defs And MasterT1 D Previous Defs And Master
T1 D Previous Defs And Master
 
T1 C Culture Defs Inc Tj
T1 C Culture Defs  Inc TjT1 C Culture Defs  Inc Tj
T1 C Culture Defs Inc Tj
 
T 1a Defining Culture And Interculture
T 1a Defining Culture And IntercultureT 1a Defining Culture And Interculture
T 1a Defining Culture And Interculture
 
Col Cult Comm Tm Unit Spec And Assmt
Col Cult Comm Tm Unit Spec And AssmtCol Cult Comm Tm Unit Spec And Assmt
Col Cult Comm Tm Unit Spec And Assmt
 
Tech N Tourism 1960 2010
Tech N Tourism 1960 2010Tech N Tourism 1960 2010
Tech N Tourism 1960 2010
 

T2 spec marketing process

  • 1. T2. Specification of Marketing as a Process By now you have your definition of Marketing.... TASK: Now I am looking for you to actually take this definition and render Marketing as a process that runs from the earliest idea of a potential market, right through to a successful relationship between company and client (where the customer is of another culture and living in a nation other than that of the company). Please produce this process as a Flow Chart that chronologically sequences a series of step-by-step activities. (I realise that some steps run in parallel). Let me help get you started..... Presumably your process will involve initial research into the market potential? Here is an idea of the scope of just one early element of the process: Market Research, which, for your information, I distilled as follows for the benefit my Lörrach students: ...”Market Research is an ongoing, outward-looking process by which an organisation seeks systematically to acquire (through primary or secondary research) relevant, valid and reliable data concerning its existing and potential customers and competitors (and any present or forecast influences acting upon them which may present threats to or opportunities for the organisation and its future aspirations) with a view to transforming such data into knowledge (by means of its organisation, presentation, analysis, evaluation, synthesis and its timely communication and sharing) in order to underpin strategic and tactical decision- making such that the organisation is continually engaged in learning and thus always able to maintain the best fit, dynamic equilibrium between its internal production & service capabilities and external opportunities/market demand. The Market Research process is such that although it may be nominally the responsibility of one function/division/department, it will involve most, if not all, business functions and staff in gathering data, transforming it, sharing it, learning from it and responding thereto.” T. Jolley (2007) SO: you have identified a potential market for your product: what comes next? (Continue your Flow Chart...and keep going....) Where am I going with all this? .............Well, if I can get you to understand Marketing as a process... I can then get onto the really interesting stuff and ask you to analyse each component stage/activity in this process and identify exactly where ‘culture’ and ‘inter- cultural’ matters may be important issues / play a important roles. I want you not only to be able to understand culture, but why, where and how it plays a role in order that you can manage it: you can DO something with it. A lot of people tend to know ‘about’ certain things, but they often prove unable to intervene at critical moments because they do not know where to look, what to look for or how to respond. Consider Market Research as defined above: where do you think ‘culture’ can come in and cause problems unless one is very careful.