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Changing Approach to Marketing

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Presentation on theme: "Changing Approach to Marketing"— Presentation transcript:

1 Changing Approach to Marketing
1-4

2 Changes in Approach Towards Marketing Throughout History
Production Era Sales Era Marketing Department Era Marketing Concept Era 1900s-1920s 1930s-1940s 1950s-1960s 1970s-Today Emphasis on producing new products Emphasis on using advertising and salespeople to convince customers to buy a company’s products Emphasis on developing many new marketing activities to sell products Emphasis on satisfying customers’ needs with a carefully developed marketing mix

3 Improving the Marketing Concept
Two important improvements: Relationship Marketing Employee Empowerment

4 Relationship Marketing
One-time sale to a customer is not enough Keeping customers can increase profits by 25 to 50 percent Focusing on developing loyal customers Trust

5 Employee Empowerment Gives employees the authority to solve many customer problems. Must trust your employees! Google Offices!


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