Product engineering and the Marketing Mix Engineering Design: alternative and Criteria Information Sources and Stages in the engineering Design Comments.

Slides:



Advertisements
Similar presentations
The 4 P’s of Marketing consumer The Marketing Mix.
Advertisements

The 4 “P”s of Marketing Product, Price, Place, and Promotion
Integrated Marketing Communications Strategy
New-Product Development and Product Life-Cycle Strategies
Marketing Management 11 May New Product Development.
Market Validation.
New-Product Development and Product Life-Cycle Strategies 9 Principles of Marketing.
Lectures 4 A case study. The Task A promotional video for a pet tracker.
Integrated Marketing Communications Promotional Strategies at a Glance Chapter 14.
An Introduction to Integrated Marketing Communications
Chapter 11 Copyright ©2012 by Cengage Learning Inc. All rights reserved 1 Lamb, Hair, McDaniel CHAPTER 11 Developing and Managing Products © imagesource/photolibrary.
Chapter 1 Copyright ©2012 by Cengage Learning Inc. All rights reserved 1 Lamb, Hair, McDaniel CHAPTER 11 Developing and Managing Products © Jasper.
Developing & Managing Products Chapter 11. New Product Development New Product StrategyIdea GenerationIdea ScreeningBusiness AnalysisDevelopmentTest MarketingCommercialization.
Marketing Vocabulary. Market Advertise or promote an item or service.
Introducing New Market Offerings
Unit:5 Ch :18 Pg: Ps of marketing mix should fit together with * Marketing objectives * Marketing budget * Integrated marketing mix.
Unit Two Business Management.  Learning Intentions: We will be able to :  Outline the marketing function and its relationship to business objectives.
Marketing in Today’s World
3-1 Value Creation in Buyer-Seller Relationships 3.
1 Chapter 3 Advertising and the Marketing Process.
Chapter 10 Developing and Managing Products. Types of innovations Continuous innovations - normal upgrading, no change in user behaviors. New to the market.
Imperatives for Market-Driven Strategy Pertemuan 2 Buku 1 Hal: 1-40 Matakuliah: J Strategi Pemasaran Tahun: 2009.
Promotion, Advertising, and Sales Promotion Strategies Pertemuan 21 Buku 1 Hal: Matakuliah: J Strategi Pemasaran Tahun: 2009.
Product Planning Section 8.1. Product Planning, Mix, and Development The nature and scope of product planning The concept of product mix The different.
Product Planning BMI 3C – Unit 2. Product Planning, Mix, and Development The nature and scope of product planning The concept of product mix The different.
Chapter 30 product planning Section 30.1 Product Development
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin Introduction to Marketing I I.
The Product Development Process BMI3C. Why? Product development starts with an idea that is based on solving a problem for the consumer. To solve this.
Chapter 11 Copyright ©2012 by Cengage Learning Inc. All rights reserved 1 Lamb, Hair, McDaniel CHAPTER 11 Developing and Managing Products ©
Communication mix or promotion mix
MANAGEMENT OF MARKETING PRODUCT LIFE CYCLE. LEARNING INTENTIONS/SUCCESS CRITERIA LEARNING INTENTIONS: I understand the role of managing the product life.
CULS Czech University of Life Science Introduction to marketing Richard Selby.
What Marketing Brings to the Table & What Marketing Needs from Your Area MKTG 495.
Essentials of Health Care Marketing 2 nd Ed. Eric Berkowitz Chapter 4 Buyer Behavior.
2.02Classify the functions of marketing and the marketing mix.
Marketing mix: Modelling and stakeholders Sports marketing mix – can be defined such:-Sports marketers are also involved in product and service strategies,
Chapter 3 Advertising and the Marketing Process Outline What is marketing? The marketing concept and relationship marketing The four tools of marketing.
Key terms & New product development
New Product Development in the Food Industry. A Reminder of the Generic New Products Process Phase 1: Opportunity identification & selection Generate.
New-Product Development Session $50 billion in profits over 27 years $50 billion in profits over 27 years Early new-product development relied.
Chapter 1.2 & 1.3 Review. Economic Utility Assembling parts to build an engine is adding value through (Not directly related to marketing) Form utility.
Marketing 333 Introduction to Marketing Chapter 18 Developing Innovative Marketing Plans.
CHAPTER 8 Creating the Product
Marketing Communications. The Impact of Communication Marketing Communications are not all designed to work in the same way. Some are designed to impact.
Financial Aspects of Marketing Management Graduate Marketing Certificate Program Chip Besio Cox School of Business.
What is a Market? QCC’s:: 56. Objective Identify and Define Market, Marketing Concept, Industrial Market, Consumer Market, Market Share and Market Growth.
Marketing decision & P.L.C.. Making Marketing Decisions.
The Business of Food Science Next Generation Science / Common Core State Standards! CCSS. Cite specific textual evidence to support analysis of science.
Chapter One The field of marketing. What is marketing? n Societal definition: Any exchange activity intended to satisfy human wants. n Business definition:
1 Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved Chapter 14 Prepared by Deborah Baker Texas Christian University.
Marketing and the Marketing Concept The process of planning, pricing, promoting, selling, and distributing ideas, goods, or services to create exchanges.
Value is Related to Customer Benefits
Product Development & Planning. Recall the 4 P’s… Product Price Promotion Place After we have: Come up with a conceptual product idea Profiled our target.
CHAPTER 13 MARKETING in TODAY’S WORLD The Basics of Marketing Market A market is a group of customers who share common wants and needs, and who have.
Target Market - Review What is a market? ◦ People who share similar needs and wants and have the ability to purchase a given product are a market What.
Chapter 9- slide 1 Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Observing a marketplace and make a report on it - New market, Gawsia,
THE ROLE OF ADVERTISING IN MARKETING Topic 1 Introduction to Advertising.
Integrated Marketing Communications Chapter Chapter Objectives 1.Recognize the critical role communication plays in marketing programs. 2.Review.
IV, V, VI, VII Lessons.
Name of the Business…. The product is….
Value Delivery Sequence
Introduction to Problem Solving
Promotional Mix.
The Marketing Mix Promotion
إدارة التسويق.
إدارة التسويق 11 إعداد د. محمود صالح.
Key terms & New product development
The 4 “P”s of Marketing Product, Price, Place, and Promotion
WHAT IS THE PRODUCT LIFE CYCLE?
The 4 “P”s of Marketing Product, Price, Place, and Promotion
Presentation transcript:

Product engineering and the Marketing Mix Engineering Design: alternative and Criteria Information Sources and Stages in the engineering Design Comments on the Marketing Mix An Integrated Example

Engineering Design Initial Inputs: –the environment –experience –the perceived problem Breaking a complex problems to several less complex subproblems

Work in Parallel on Subproblem Creating the Specs –Create critical dimensions –Rank on level of importance –Set Limits of acceptability (SPECS) Generate Alternative Approaches –Generate Alternatives –Rank alternatives based on dimensions –Test against each dimension Testing –Pass: Test against Previously generated criteria –Fail: Modify criteria or generate New Alternatives Proceeding to the next subproblem

Information Sources and Stages in the engineering Design Information Sources –Literature –Technical Staff –Sources Outside Laboratory –Vendor –Customer –Memory –Analysis and Experimentation –Number of Messages

Stages in Engineering Design –Generate Alternative Approach –Reject alternative approach –Generate Critical Dimension –Set Specs –Change Specs –Decide whether to modify criteria or generate new alternatives –Test Alternative –Expand Alternative Pattern of relationships between Information Sources and Stages in Design

Comments on the marketing mix Interactivity The Personal Selling Process Alternative Sales functions as functions of Advertising Alternative Sales functions as functions of Advertising Distribution, Pricing and Sales Promotion

An Integrated Example of the Design Process The General Case Market Definition Idea Generation Concept Evaluation and Refinement Product Fulfillment Marketing Mix SUMMARY