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MKT 10009 - Assignment 1
MKT 10009 - Assignment 1
Date: 1/10/2023
Full Name: Trần Đình Tường Phúc
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Table of Contents:
Module Page
Name, Date, Code Course 1
Part 1: Public Opinion 3-4-5
Part 2: Formal Definitions 5-6
Part 3: Synthesis 6-7
References 8
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Other noteworthy characteristics of this individual include: A talented accountant and a top-
notch thinking mind, graduated from Kansas University
According to this person, marketing is: Marketing is all the activities of introducing products
or services from the place of production to the hand of the consumer. Let customers see the value
of the product and then collect value from customers.
How do you think their definition was affected by what?: For someone who has held a high
position in the academic world and spent his whole life dedicating himself to the field he is
studying, his definition of Marketing is completely correct and realistic.
Definition: The aim of marketing is to know and understand the customer so well the
product or service fits him and sells itself.
Justification: This is the saying of the "great tree" of CEO Peter F. Drucker. The original text of
that sentence is "The aim of marketing is to know and understand the customer so well the
product or service fits him and sells itself."
Written by him in the book Management: Tasks, Responsibilities, Practices. He is one of the
best-known and most widely influential thinkers and writers on the subject of management
theory and practice. He is considered the father of modern Business Administration and is the
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author of many famous management books. Drucker's greatest assets are his 39 books along with
countless scholarly articles that were ahead of his time.
Reference: Drucker, P. F. (Peter F. (2007). Management : tasks, responsibilities, practices.
Transaction. pp.97
Part 3: Synthesis
“Successful marketing not only encourages customers to make purchases but also satisfies them,
encouraging them to return.”
Peter F. Drucker and author Jay Baer inspire me and give me ideas. Both mentioned the
advantages of marketing, but Peter Drucker had a deeper insight that we need to have a clear
understanding of the target market in order for the product to be appropriate and draw in
customers who want to buy it. Jay Baer spoke about the success of a marketing campaign that
Since then, I have relied on these two perspectives to come to the personal conclusion
that customer marketing and product sales are only a small component of the production process
success. We must have a thorough understanding of our customer base and their psychology in
order to design products that meet the criteria of being appropriate, stable, and valuable while
also providing consumers with meaningful value. Once the supply and demand loop chain has
materialized, we have a motive to keep clients, and if they actually return to make more
purchases, the marketing campaign will be more successful. Credibility, success, as well as
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tenacity, and public confidence in business. If this company model stays true to itself, I believe it
Public opinion definitions offer a varied viewpoint on marketing, such as the necessity of
personal and brand names in marketing (Joseph Thach), as a tool to connect with customers and
encourage product exchanges (Kate Ngan), or as a key consideration for product value (Peter
Vu). Bringing the items they produce closer to consumers is the common objective of all three of
the aforementioned points of view, despite their differing points of view. The ultimate objective
is simply an exchange of value between the seller and the buyer, to sum up.
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References:
Ai image illustrates people. (n.d.). photograph.
Brenner, M. (2022, November 29). 33 of the greatest marketing quotes to Inspire Your Strategy.
Marketing Insider Group. https://marketinginsidergroup.com/strategy/quotes-inspire-your-
marketing/#:~:text=%E2%80%9CStop%20interrupting%20what%20people%20are,marketing
%20department.%E2%80%9D~%20David%20Packard
BusinessNews, P. B. (2014). Summary : Youtility : review and analysis of baer's book. Lemaitre
Publishing. pp.28
Drucker, P. F. (Peter F. (2007). Management : tasks, responsibilities, practices. Transaction.
pp.97