Final Thoughts.

Slides:



Advertisements
Similar presentations
Chapter 12 Marketing and Customer Satisfaction Business Today.
Advertisements

Prepared By: Duane Weaver. PERCEPTION IS REALITY.
Chapter 9: Branding and the Marketing program. Contents Branding and Product strategy Branding and Pricing strategy Branding and Distribution strategy.
McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Quiz May 31st.
Understanding the Customer and Creating Goods and Services that Satisfy Chapter 11 *based on other sources.
4.01 Marketing Information Management. A system that analyzes and assesses marketing information, gathered from sources inside and outside an organization.
1 Matakuliah:G0492/ English for Advertising Tahun: 2005/2006 The Consumer Audience Consumer Behavior Cultural and Social Influences on consumers Psychological.
Prepared By: Duane Weaver. PERCEPTION IS REALITY.
What is Marketing? - all of the activities involved in the planning, pricing, promoting, distributing and selling of goods and services TO SATISFY CONSUMERS’
Consumers’ Product Knowledge and Involvement Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 4.
 Appreciate the importance of business purpose  Identify the elements of business purpose  Appreciate the difference between customer and company view.
Sports & Entertainment for Business
1 Business and Marketing Strategies
Selling. Making a Sale Selling: –One of the seven functions of marketing –Personal and direct way of communication with the customer to assist with the.
MARKETING MR. LOCKE Scarcity and Private Enterprise.
Marketing Goods and Services
The World of Marketing Standard 1 Objective 1. Marketing Marketing is the activity, set of institutions, and processes for creating, communicating, delivering,
1 visit: Managing Brand Equity.
Functions of Marketing
Marketing Principles Introduction What is Marketing? Write your definition of what you think marketing is based on your knowledge & experience.
Relationship Marketing Case study: Pacific Brands.
THE MARKETING PLAN PART 1 MARKET ANALYSIS. Characteristics of Transactional and Relationship Marketing Exhibit 1.3.
Chapter 16 Consumer Behavior and Product Strategy
1 Consumer Markets and Buying Behavior. 2 Ultimate Consumer Ultimate Consumers buy goods for their own personal or family use.
MARKETING I Introduction to Marketing. LEARNING OBJECTIVES …to understand the general meaning of Marketing …to recognise the importance of Marketing.
Chapter 10 – Learning Objectives Identify the role motivation plays in the purchase decision. Understand how a consumer’s personality is reflected in brand.
THE SELLING PROCESS STEPS IN THE PROFESSIONAL SALES PROCESS.
Ch. 6: Market Research A business must satisfy the __________of its customers to succeed To find out what customers need/want – Businesses conduct __________.
Demand for Tours Market Segments among Group Travellers.
Managing Customers Managing Customers Kerry Kyriacou 12 th Jan 2015.
Consumer Behavior & Marketing Strategy. What is Consumer Behavior? “The study of individuals, groups, or organizations and the processes they use to select,
Chapter 1 Consumer Behavior and Marketing Strategy.
Segmentation, Targeting, and the Marketing Mix Chapter 04 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Lesson 2 – Market Segmentation and Marketing Mix.
Marketing Concepts. Marketing Defined  Marketing is the total process of finding or creating a profitable market for specific goods or services.  It.
Business Essentials 9e Ebert/Griffin Marketing Processes and Consumer Behavior chapter eleven.
The Marketing Mix. 4.2 Marketing Applications The Marketing Mix: Consists of variables controlled by marketing professionals in an effort to satisfy the.
Principles of Marketing
McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. 2-1 Drivers of Change in Selling and Sales Management Building.
Marketing 101 Marketing 101 -What is Marketing? -What is Fashion Merchandising?
The Role of IMC in the Marketing Process © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin.
MKT 230 Week 4 Individual Target Market Strategy Presentation To purchase this material click below link
ACC 557 Week 2 DQ 1 Assuming the consumer is rational, how can utility affect their economic decisions? Does utility lead to more or less customer satisfaction?
1.01 Understand marketing’s role and function in business to facilitate economic exchanges with customers. Marketing Management 1.01.
Consumer Behavior and Product Strategy
What Is Marketing? Simple Definition:
Economy and Marketing.
Social Factors Influencing the Buying Decision Process
Unit 1: Marketing Buyer behaviour 25/06/2018.
CHAPTER 6 CONSUMER PERCEPTION.
The World of Marketing Standard 1.
SELLING SATISFIES CUSTOMERS
Understanding Product/Service Positioning
Understanding Product/Service Positioning
CONSUMER BEHAVIOR Building Marketing Strategy
5 Tips For Better And Quicker Web Research Services - Damco Solutions
MKT 435 MENTOR Lessons in Excellence -- mkt435mentor.com.
Economic Systems Economics (Economy)- is the study of how things are made and brought to them; (i.e. buying, making and selling of goods and services)
FY 20## Strategy Map Our Mission is to… Product/Service Attributes
Customer Relationship Management (CRM) ATTF Luxemburg
Economy and Marketing.
Marketing/ Sales/Quote Management/ Improvement
Consumer Behaviour Introduction to Module.
The World of Marketing Standard 1.
Marketing Decision-Making and Marketing Decisions
Economy and Marketing.
Marketing Plan Welcome to Marketing.
Marketing Decision-Making and Marketing Decisions
Understanding Product/Service Positioning
Presentation transcript:

Final Thoughts

Some Final Thoughts…... What Works….. 1. Understand consumer needs and wants… 2. Set ultimate goal to satisfy those needs (i.e., customer satisfaction). 3. Build up your brand……….brand equity key. 4. Perception is reality. 5. Be close to your customers……..through research, etc.

What Works….. 6. Help them overcome their inertia……..through behavioral approach. 7. Make their purchase decisions as easy and hassle free as possible (through environment). 8. Understand their consumer/product relationship and use it as a basis to segment the market. 9. Be a responsible marketer. 10. Finally………develop a long term relationship with customers by providing a product/service package that includes excellence in product, service, support.