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core company philosophy while focusing on the exchanges that take place in external
retaining customers.
Marketing
• For many large manufacturers such as Proctor & Gamble, Microsoft, Toyota, and Sanyo,
marketing represents a major expenditure, as these businesses depend on the effectiveness
of their marketing effort.
• Conversely, for regulated industries (such as utilities, social services, medical care, or small
businesses providing a one-of-a-kind product) marketing may be little more than a few
informative brochures.
Major drivers of the economy
(sales channel)
• This is an increase of over 2.5 times more than they were spending in 1992.
A
M
S
F
R
Exchange process
Definition of Marketing
• Each party has something that might be of value to the other party.
• Each party believes it is appropriate or desirable to deal with the other party
Key Customer Markets
• Consumer markets
• Business markets
• Nonprofit/Government markets
Marketing Defined
- P. Kotler
What is Marketing?
• Identifying a need
Goals:
Buyers’ markets
Sellers’ markets
Implications of marketing
Convenience
Marketing
Mix
Product Place
Customer Solution
Price Promotion
Customer Cost
Communication
27
Marketing as a Source of Competitive Advantage
• The specific role of marketing is to provide assistance in identifying, satisfying, and retaining
customers. Noted Harvard Professor of Business Levitt states that the purpose of all
business is to "find and keep customers. "
• This loyal behavior is exhibited by people who drive only Fords, brush their teeth only with
Colgate and buy only Dell computers.
Profits
Selling Factory Existing Selling
Through
philosophy products Promoting
Sales volume
Profits
Marketing Market Customer Integrated Through
philosophy needs Marketing Customer
Satisfaction
Evolution of marketing
• Consider how much marketing has changed in the last century
and will continue to shift by the minute as markets expand and
new marketing platforms emerge
• Local markets
• Shops / bazaars
• Common mediums of exchange like cows, pigs, sheep, slaves. Then, copper, iron, silver, gold etc.
• Currency
• Middlemen
• Marketing
http://dstevenwhite.com/2010/06/18/the-evolution-of-
marketing/
- Low cost
• Good quality
• Good performance
• Innovative features
• No customer input
• No competitor analysis
3. The Selling Concept
Clear this
inventory, no
matter what
it takes
3. The Selling Concept
• People will buy more goods/services if aggressive sales techniques are used.
– encyclopedias
2. - Buying resistance
4. - Unsought goods
5. - High risk
The Marketing Concept
MR-MM
4. Marketing Orientation
objectives.
3. Marketing Orientation . . .
• Requires:
– Top management leadership
– A customer focus
– Competitor intelligence
• strengths
• weaknesses
Dr. Rosebloom
Activities of Marketing
Exchange
Dr. Rosebloom
Activities of Marketing
Dr. Rosebloom
Logistical
Dr. Rosebloom
Activities of Marketing
Dr. Rosebloom
Facilitating
Dr. Rosebloom
Marketing Myopia
Dr. Rosebloom
Marketing Myopia Examples
Dr. Rosebloom
What is Marketed?
Goods Places
Services Properties
Events Organizations
Experiences Information
Persons Ideas
Holistic Marketing Dimensions
Marketing Philisophies