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Marketing Principles and Perspectives Presentation Transcript

Slide 1 - Marketing Principles and Perspectives
Slide 2 - McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 An Overview of Contemporary Marketing
Slide 3 - Marketing “The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organization goals.” American Marketing Association
Slide 4 - The Importance of Marketing Marketing is Valuable to a Variety of Organizations: Corporate For-Profit Nonprofit The Military Religious & Ethnic Groups Small Firms Individual Marketers
Slide 5 - Marketing as an Organizational Philosophy Can be Stated Formally as a Mission Statement Indicates the Types of Activities the Organization Values Can be Established Informally through The Communications and Actions of Top Management
Slide 6 - Three Marketing Philosophies Production Philosophy Selling Philosophy Marketing Philosophy
Slide 7 - The Marketing Concept The purpose of an organization is to satisfy customer needs. Satisfying needs requires integrated and coordinated efforts through out the organization. Organizations should focus on long-term success.
Slide 8 - Building Customer Equity Customer Equity is the Financial Value of a Firm’s Customer Relationships and Consists Of: Profits from first-time customers, and, Expected profits from all future sales.
Slide 9 - Three Ways to Increase Customer Equity Decrease the cost of acquiring new customers. Retain more customers longer. Increase profits from retained customers by selling them more at higher margins and with lower marketing expenses.
Slide 10 - Building Customer Equity Integrates: Short-term Orientations Long-term Orientations New Customers Existing Customers
Slide 11 - 3 Keys to Building Customer Equity High loyalty levels lead to increased sales growth, higher profitability & higher customer equity. Completely delighted & satisfied customers are best for earning customer loyalty. Exceptional value is needed to delight & completely satisfy customers.
Slide 12 - Customer Value The Calculation: The revenue stream from repeat purchases + The revenue stream from referrals = The Lifetime Value of a Loyal Customer
Slide 13 - Marketing as a Societal Process Defined as “a process that facilitates the flow of goods and services from producers to consumers in a society.” Producers of Goods & Services Consumers of Goods & Services
Slide 14 - Marketing as a Societal Process Issues to Consider: What institutions are involved in the system? What activities do these institutions perform? How effective is the system at satisfying customer needs? How efficiently can the system provides desired goods and services?
Slide 15 - Marketing as a Societal Process A society’s marketing system is closely related to its political and economic systems.
Slide 16 - Marketing Concerns in Eastern Europe How to: Become more market-oriented and consumer- responsive? Improve product quality? Change product design, assortment, finishing & packaging? How to increase communications efforts? Increase merchandising efforts? Use competitive pricing? Institute promotional pricing & price discounts
Slide 17 - Marketing is a Process Consisting Of: Marketing Exchanges Marketing Strategies Marketing Activities Marketing Positions Marketing Institutions
Slide 18 - Marketing Exchanges EXCHANGE is the “transfer of something tangible or intangible, actual or symbolic between 2 or more social actors.” Transactions in marketing exchanges can use: Money Barter Time & Money Votes Marketer’s Goods Or Services Buyer’s Exchange
Slide 19 - Marketing Strategies Select a Target Market Develop a Marketing Mix To Satisfy Market Needs
Slide 20 - Marketing Mix Decisions Product Decisions Integrated Marketing Communications Decisions Distribution Decisions Price Decisions Marketing Mix
Slide 21 - Marketing Activities Producers End Users Buying Selling Transporting Storing Financing Risk Taking Standardizing & Grading Obtaining Marketing Information
Slide 22 - Marketing Positions Marketing Manager Product Manager Advertising Manager Distribution Manager Purchasing Manager Marketing Research Manager Public Relations Manager Customer Service Manager Sales Manager
Slide 23 - Marketing Institutions Retailers Wholesalers Marketing Research Firms Advertising Agencies
Slide 24 - A Contemporary Marketing Framework Marketing Entrepreneurship Ethics Customer Value Technology Relationship Productivity Global Marketing Environment
Slide 25 - Thank You
 

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