Marketing Planning &

Implementation
(MGT-411)

Course Objectives

Students understand the basic theories,

concepts, methods, variables, problems,
practices, processes, and terminology of
contemporary marketing.

Begin to develop and utilize analytical,

decision- making, and problem-solving skills
that approximate "real world" marketing.

Develop a consciousness about the

importance of ethics in the marketing
discipline.

Learning Outcomes

Understand the importance in business

practice of being marketing oriented.

Describe a range of common strategies for

use with each of the various marketing mix
tools: product, pricing, promotion, and
distribution.

Recommend and justify an appropriate mix

of such strategies to form a cohesive overall
strategy for a given marketing task or
situation.

Recommended Books
Marketing Management A South Asian Perspective
by Philip Kotler, Kevin Lane Keller, Abraham Koshy &
Mithileshwar Jha, 13th Edition, Published by Pearson
Education, Inc.
Strategic Marketing Management Meeting The
Global Marketing Challenges by Carol H. Anderson &
Julian W. Vincze Published by Houghton Mifflin Company.
Principles of Advertising & IMC by Tom Duncan 2nd
Edition, Published by McGraw-Hill Irwin.
Principles of Marketing by Philip Kotler & Gary Armstrong
Thirteenth Edition, Published by Prentice Hall

LECTURE-1
Defining Marketing
for the 21st Century

Chapter Questions

Why is marketing important?

What is the scope of marketing?
What are some fundamental marketing
concepts?

How has marketing management changed?

What are the tasks necessary for successful
marketing management?

What is Marketing?
Marketing is an organizational function
and a set of processes for creating,
communicating, and delivering value
to customers and for managing
customer relationships
in ways that benefit the
organization and its stakeholders.
(American Marketing Association Formal Definition)

What is Marketing?
Marketing is an organizational function
and a set of processes for creating,
communicating, and delivering value
to customers and for managing
customer relationships
in ways that benefit the
organization and its stakeholders.
(American Marketing Association Formal Definition)

What is Marketing Management?

Marketing management is the
art and science
of choosing target markets
and getting, keeping, and growing
customers through
creating, delivering, and communicating
superior customer value.

What is Marketed?

Services

Events and experiences

Persons

Goods

Places and properties

Organizations
Information
Ideas

Demand States

Negative Demand
Consumers dislike the

product e.g. Vaccination, Dental work

Nonexistent Demand
Consumers may be unaware

of the product e.g. Foreign Language

course

Latent Demand

Consumers may share a

strong need that cant be
satisfied with existing product
e.g. Harm less cigarettes, Fuel Efficient cars

Declining Demand

Consumers begins to buy the

product less frequently e.g.
churches, Govt. Schools

Irregular Demand

Consumers purchases vary on a

seasonal, monthly, weekly, daily
or hourly e.g. Museums on week days,
Travelling Peak Off Peak time

Unwholesome Demand
Consumers attracted to

products that have undesirable

social consequences e.g. Cigarettes,
Alcohol, Drugs

Full Demand
Consumers are adequately
buying all products.

Overfull Demand
More consumers would like to
buy than can be satisfied.

Key Customer Markets

Consumer markets
Business markets
Global markets
Nonprofit/Government markets

Functions of CMOs

Strengthening the brands.

Measuring marketing effectiveness.
Driving new product development based on
customer needs.

Gathering meaningful customer insights.

Utilizing new marketing technology.

Core Marketing Concepts

Needs, wants, and
demands

Target markets,
positioning,
segmentation

Offerings and brands

Value and
satisfaction
Customer value Triad
Quality, Service & Price (QSP)

Marketing channels
Communication Channels e.g.

Newspapers, Magazines Radio., Television, Mail,

Telephone, Billboards, Posters, Fliers, CDs, Audio
Tapes & Internet

Distribution Channels e.g. Distributors,

Wholesalers, Retailers, & Agents

Supply chain

Competition
Marketing environment
Task Environment e.g.

Company,
Suppliers, Distributors, Dealers & Target
Customers

Broad Environment e.g. Demographic,

PESTL

Marketing planning

The New Marketing Realities

Major Societal Forces

Network information technology

Globalization
Deregulation
Privatization
Heightened competition
Industry convergence
Consumer resistance
Retail transformation
Disintermediation

New Consumer Capabilities

A substantial increase in buying power

A greater variety of available goods and
services.

A great amount of information about

practically anything.

Greater ease in interacting and placing and

receiving orders.

An ability to compare notes on products and

services.

An amplified voice to influence public opinion.

Company Orientations Toward The

Market Place

The Production Concept

Consumers will prefer products that are widely available &
inexpensive e.g. Lenovo, Haier etc.

The Product Concept

Consumer favor products that offer the most quality,
performance, or innovative features e.g. Rolex etc.

The Selling Concept

Consumers & businesses, if left alone, wont buy enough of
the organizations products e.g. Insurance, Encyclopedias etc.

The Marketing Concept

Emerged in mid 1950s Customer-Centered Sense &
Respond e.g. Dell Computer etc.

Marketing Mix and the Customer

Four Ps

Product
Product Variety/Quality/ Design/
Features/Brand Name/ Packaging/
Sizes/Services/Warranties/Returns

Price
List Price/Discounts/Allowances/
Payment Period/Credit Terms

Place
Channels/Coverage/Assortments/
Locations/Inventory/Transport

Promotion
Sales Promotion/Advertising/Sales
Force/Public relations/ Direct
Marketing

Four Cs

Customer solution
Customer cost
Convenience
Communication

The Holistic Marketing Concept

Relationship Marketing
Relationship marketing is a strategy designed to foster
customer loyalty, interaction and long-term engagement.

Integrated Marketing Communication

Integrated marketing communication (IMC) is a process
for planning, executing and monitoring the brand
messages that create customer relationship.

Internal Marketing
Internal marketing is the task of hiring, training, and
motivating able employees who want to serve customers
well.

The Holistic Marketing Concept

Performance Marketing
Financial Accountability
Social Responsibility
Marketing

Corporate Social Initiatives

Corporate social
marketing

Cause marketing
Corporate philanthropy
Corporate community
involvement

Socially responsible
business practices

References & Bibliography

Marketing Management A South Asian Perspective
by Philip Kotler, Kevin Lane Keller, Abraham Koshy &
Mithileshwar Jha, 13th Edition, Published by Pearson
Education, Inc.
Strategic Marketing Management Meeting The
Global Marketing Challenges by Carol H. Anderson &
Julian W. Vincze Published by Houghton Mifflin Company.
Principles of Advertising & IMC by Tom Duncan 2nd
Edition, Published by McGraw-Hill Irwin.
Principles of Marketing by Philip Kotler & Gary Armstrong
Thirteenth Edition, Published by Prentice Hall

"Unless you try to do something beyond what you have

already mastered, you will never grow."
- Ronald E. Osborn

The End