Marketing involves identifying and satisfying customer needs through competitive products and services that meet organizational goals. Successful marketing processes identify unmet customer wants and deliver superior value through benefits, lower costs, and reduced risk. Effective communication aims to gain customer attention, raise awareness, foster understanding and acceptance, and encourage purchase through memorable messages over time. Communication should make customers aware of need gaps, opportunities to purchase, and motivate action through positive or negative cues.
Marketing involves identifying and satisfying customer needs through competitive products and services that meet organizational goals. Successful marketing processes identify unmet customer wants and deliver superior value through benefits, lower costs, and reduced risk. Effective communication aims to gain customer attention, raise awareness, foster understanding and acceptance, and encourage purchase through memorable messages over time. Communication should make customers aware of need gaps, opportunities to purchase, and motivate action through positive or negative cues.
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Marketing involves identifying and satisfying customer needs through competitive products and services that meet organizational goals. Successful marketing processes identify unmet customer wants and deliver superior value through benefits, lower costs, and reduced risk. Effective communication aims to gain customer attention, raise awareness, foster understanding and acceptance, and encourage purchase through memorable messages over time. Communication should make customers aware of need gaps, opportunities to purchase, and motivate action through positive or negative cues.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
Marketing is the management process which identifies,
anticipates, and satisfies customer requirements competitively, while simultaneously meeting organizational goals. What is Successful Marketing Process Identify preexisting and / or create wants that are unfulfilled, inadequately met, partially met, or latent. Deliver a superior competitive value to the target customer through: Delivery of benefits: Reduction in costs: Risk apprehensions: Customer evaluation Why Communicate Six A’s of communication effects: Attention (Initial and sustained) Awareness (Recall and recognition) Assimilation (Comprehension) Acceptance (Liking and preference) Action orientation (Purchase or purchase related orientation) Adsorption (Future recall) Why Would Someone Not Buy and What Can Communication Do? Situation I do not know you (product category and / or brand) I do not need the product category I do not need the brand because: It fails to convince me about relevance of benefits It fails to establish its relative superiority (value delivery) It fails to motivate me to buy it / charge me emotionally I hold a view contrary to what the marketer is saying: About the product category itself
About the marketer’s brand
Role of Communication Communication should Make the audience accept the existing need gap / create one Tell the customer about marketer’s effort towards generating (knowledge, finance) abilities Communicate about the opportunities created to purchase the product Provide motivational (Negative / positive) cues to induce action.