Professional Documents
Culture Documents
Creating Customer Relationship S and Value Through Marketing
Creating Customer Relationship S and Value Through Marketing
CREATING
CUSTOMER
RELATIONSHIP
S AND VALUE
THROUGH
MARKETING
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WHAT IS MARKETING?
A Philosophy
An Attitude
A Perspective
A Management
Orientation
A Set of Activities,
including:
Products
Pricing
Promotion
Distribution
WHAT IS MARKETING?
TheConceptofExchange
Theideathatpeoplegiveupsomethingto
receivesomethingtheywouldratherhave.
Bothbuyerandsellerarebetteroffafter
thetrade.
TheFourPs
thearrow
Price
Price
Promotion
Promotion
Place
Place
Product
Product
Technologic
Technologic
Political
Politicaland
andLegal
Legal
Competitive
Competitive
Production Era
Sales Era
Marketing Concept Era
Societal Era
MARKETING MANAGEMENT
PHILISOPHIES
Orientation
Orientation
Key Ideas
Production
Production Focus on efficiency of internal operations
if we make it, they will buy it
Sales
Sales
Market
Market
Societal
Societal
Societal
Services
Ideas
Offerproductsthatperform
Giveconsumersmorethantheyexpect
Avoidunrealisticpricing
Givethebuyerfacts
Offerorganizationwidecommitmentinservice
andaftersalessupport
Meet
Meet or
or exceed
exceed customers
customers expectations
expectations
Provide
Provide solutions
solutions to
to customers
customers problems
problems
Cultivate
Cultivate relationships,
relationships,
NOT
NOT one-time
one-time transactions
transactions
Concept Check
1. What is marketing?
A: 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.
Concept Check
Concept Check
Concept Check
Concept Check
Concept Check
Exchange
Exchange
Exchange is
is the
the trade
trade of
of things
things of
of value
value
between
between buyer
buyer and
and seller
seller so
so that
that each
each is
is
better
better off
off after
after the
the trade.
trade.
Market
A
A market
market consists
consists of
of people
people with
with both
both the
the
desire
desire and
and ability
ability to
to buy
buy aa specific
specific
product.
product.
Customer Value
Customer
Customer value
value is
is the
the unique
unique
combination
combination of
of benefits
benefits received
received
by
by targeted
targeted buyers
buyers that
that includes
includes quality,
quality,
price,
price, convenience,
convenience, on-time
on-time delivery,
delivery, and
and
both
both before-sale
before-sale and
and after-sale
after-sale service.
service.
Marketing Concept
The
The marketing
marketing concept
concept is
is the
the idea
idea that
that
an
an organization
organization should
should (1)
(1) strive
strive to
to satisfy
satisfy
the
the needs
needs of
of consumers
consumers (2)
(2) while
while also
also
trying
trying to
to achieve
achieve the
the organizations
organizations goals.
goals.
Market Orientation
An
An organization
organization that
that has
has aa market
market
orientation
orientation focuses
focuses its
its efforts
efforts on
on
(1)
(1) continuously
continuously collecting
collecting information
information
about
about customers
customers needs,
needs, (2)
(2) sharing
sharing this
this
information
information across
across departments,
departments, and
and
(3)
(3) using
using itit to
to create
create customer
customer value.
value.
The
The societal
societal marketing
marketing concept
concept is
is the
the
view
view that
that an
an organization
organization should
should satisfy
satisfy
the
the needs
needs of
of consumers
consumers in
in aa way
way that
that
provides
provides for
for societys
societys well-being.
well-being.
Organizational Buyers
Organizational
Organizational buyers
buyers are
are those
those
manufacturers,
manufacturers, wholesalers,
wholesalers, retailers,
retailers,
and
and government
government agencies
agencies that
that buy
buy goods
goods
and
and services
services for
for their
their own
own use
use or
or for
for
resale.
resale.
Utility
Utility
Utility is
is the
the benefits
benefits or
or customer
customer value
value
received
received by
by users
users of
of the
the product.
product.