Here is a diagram of the marketing process:
[DIAGRAM OF MARKETING PROCESS]
1. Research and analysis
- Identify customer needs and problems
- Analyze the market and competition
2. Planning
- Set marketing goals and objectives
- Develop the marketing strategy
- Create a marketing plan
3. Implementation
- Develop products/services
- Set price, place, promotion
- Launch products/services
4. Evaluation
- Measure results against objectives
- Analyze what works and what doesn't
- Refine strategy and plan for next cycle
Here is a diagram of the marketing process:
[DIAGRAM OF MARKETING PROCESS]
1. Research and analysis
- Identify customer needs and problems
- Analyze the market and competition
2. Planning
- Set marketing goals and objectives
- Develop the marketing strategy
- Create a marketing plan
3. Implementation
- Develop products/services
- Set price, place, promotion
- Launch products/services
4. Evaluation
- Measure results against objectives
- Analyze what works and what doesn't
- Refine strategy and plan for next cycle
Here is a diagram of the marketing process:
[DIAGRAM OF MARKETING PROCESS]
1. Research and analysis
- Identify customer needs and problems
- Analyze the market and competition
2. Planning
- Set marketing goals and objectives
- Develop the marketing strategy
- Create a marketing plan
3. Implementation
- Develop products/services
- Set price, place, promotion
- Launch products/services
4. Evaluation
- Measure results against objectives
- Analyze what works and what doesn't
- Refine strategy and plan for next cycle
GOALS Jerralyn C. Alva Subject Teacher MOST ESSENTIAL LEARNING COMPETENCIES (MELCs): Define and understand marketing: Principles Goals Approaches (ABM_PM11-Ia-b-1) CORE CONTENT:
• The learners demonstrate an understanding of the
marketing principles, goals, and traditional and contemporary approaches to marketing. PRE-TEST: Directions: From the pool words inside the box, choose the appropriate term for each description below. Why do these words matter in studying the Principles of Marketing? Based on what you know about marketing, what one word would you use to describe it? What is MARKETING?
The Philippines Marketing Association (PMA)
defines Marketing as a “science and profession guided principally by the universal principles of ethics, corporate citizenship, and corporate social responsibility. What is MARKETING?
The Philippines Marketing Association (PMA)
defines Marketing as a “science and profession guided principally by the universal principles of ethics, corporate citizenship, and corporate social responsibility. What is MARKETING?
The American Marketing Association (AMA, Dec.
3, 2009) gave this meaning of Marketing as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. “VALUE” Marketing can be summarized as the creation, communication, and delivery of value to customers. In addition, the essence or goal of marketing is to identify, satisfy, and retain customers. Remember!
Before you can create anything of value, first you must
identify a want or need that you can address, as well as the prospective customers who possess this want or need. Next, you work to satisfy these customers by delivering a product or service that addresses these needs at the time customers want it. Lastly, retain customers by creating new opportunities to win customer loyalty and business. GOALS OF MARKETING The goals of marketing can be summarized as follows: 1. Understand the market and its consumers, and satisfy their changing needs and wants. 2. Introduce and innovate products and services that improveth the human condition and the quality of life. 3. Design and implement effective customer-driven marketing strategies. 4. Develop marketing programs that deliver superior value to consumers. 5. Build and maintain mutually beneficial and profitable customer relationships. 6. Capture customer value to create profits. 7. Promote value transactions with full regard to the well-being of societies Activity 1: Catch Me A Slogan
Direction: Create a catchy slogan about a
product/service that you want to venture into. It should be original and reflects the goals of marketing. Write it in a short bond paper. The Marketing Process The Marketing Process is a series of steps that allow organizations to identify customer problems, analyze market opportunities and create marketing materials to reach the desired audience. Activity 2: Marketing Process Diagram