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Changing Approach to Marketing
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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
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Improving the Marketing Concept
Two important improvements: Relationship Marketing Employee Empowerment
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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
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Employee Empowerment Gives employees the authority to solve many customer problems. Must trust your employees! Google Offices!
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