Download as pdf or txt
Download as pdf or txt
You are on page 1of 23

Ho Chi Minh City University of Technology and Education

Faculty of Garment Technology and Fashion Design

Marketing for Garment

LESSON 1: OVERVIEW OF MARKETING

Instructor: Tran Quang Tri

October, 2020
ENGLISH
ZONE
LESSON OBJECTIVES

E To define marketing
E To understanding the importance of Marketplace and Customer Needs
E To identify marketing management orientations
LESSON OUTLINE

§ What is marketing?
§ The Marketplace and Customer Needs
§ Marketing Management Orientations
§ Is MKT only Selling & Advertising?
§ Old sense of making a sale ‘Telling & selling’
§ New sense of satisfying customer needs

§ Marketing is the process by which companies create value


for customers and build strong customer relationships in
order to capture value from customers in return
§ It’s all around you
§ Old traditional MKT forms: TV screen, Radio, …
§ New MKT Approaches: imaginative Web, smartphone apps, online
social…

Marketers want to become a part of your life and enrich your


experiences with their brands – to help you live their brands

-> At home, at school, where you work, and where you play
• Customer needs, wants, and demands
• Market offerings
• Customer value and satisfaction
• Exchanges and relationships
• Markets
Customer Needs, Wants, and Demands

• States of deprivation

Needs • Physical—food, clothing, warmth, safety


• Social—belonging and affection
• Individual—knowledge and self-expression

Wants • Form that human needs take as they are shaped by


culture and individual personality
• Ex: An American needs…, An Asian needs…

Demands • Human wants backed by buying power


§ Needs: states of felt deprivation -> Smart Marketer finds future
needs

§ Wants: the form that human needs take as they are shaped by
culture and individual personality

§ Demands: human wants that are backed by buying power

§ Market offerings: some combination of products, services,


information, or experiences offered to a market to satisfy a need
or want.
§ Customer Value and Satisfaction Expectations: Customers form
expectations about the value and satisfaction that various market
offerings will deliver accordingly.
Customers
• Value
and satisfaction

Marketers
• Set the right level of
expectations
• Not too high or low
§ Exchange: the act of obtaining a desired object from someone by
offering something in return.

§ Relationships: Marketing consists of actions taken to build and


maintain desirable exchange relationships with target audiences
involving a product, service, idea, or other object.

§ Market: The set of all actual and potential buyers of a product or


service.
§ MKT Management: the art and science of choosing target markets
and building profitable relationships with them
§ Market
segmentation refers to dividing the markets into segments of
customers
§ Company can’t serve all customers in everyway -> Decide which
customers that company wants to target and on the level, timing, and
the nature of their demand.
§ MKT Management is customer management and demand management.
3. MARKETING MANAGEMENT ORIENTATIONS

Production Product Selling Marketing Societal


concept concept concept concept concept
3. MARKETING MANAGEMENT ORIENTATIONS
3.1 Production concept:

• Consumers will favor products


that are available and highly
affordable.

• Organizations should focus on


improving production and
distribution efficiency.
3. MARKETING MANAGEMENT ORIENTATIONS
3.1 Product concept:
• The idea that consumers will
favor products that offer the most
quality, performance, and
features

• MKT strategy make continuous


product improvement.
3. MARKETING MANAGEMENT ORIENTATIONS
3.1 Selling concept:

• Consumers will not buy enough


of the firm’s products unless it
undertakes a large-scale selling
and promotion effort -> focus on
sales transactions
3. MARKETING MANAGEMENT ORIENTATIONS
3.1 Marketing concept:
• MKT Concept: achieving organizational goals depends
on knowing the needs & wants of target markets and
delivering the desired satisfaction better than competitors
do.
3. MARKETING MANAGEMENT ORIENTATIONS
3.1 Societal concept:

• Societal marketing concept:


The idea that a company’s mkt
decision should consider
consumers’ wants, the company’s
requirements, consumers’ long-
run interests, and society’s long-
run interests -> create value for
society
Starting point Focus Means Ends
Profits
SELLING Existing Selling &
Factory through
products Promoting
sales volume

Profits
Customer Integrated through
MKT Market
needs MKT customer
satisfaction
Choose 1 product in the garment/fashion industry and answer the
3 below questions:
1. Discuss a need or want you have that’s not satisfied by any offerings
currently in the market place of garment/fashion industry?
2. Think of a new product/ service that will satisfy the need or want?
3. Describe how you will differentiate & position your offering in the
marketplace.

You might also like