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MARKETING MANAGEMENT
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Why do we need to learn marketing management?
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Can you sell these products Easily ?
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How about these products?
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Is there any difference in types of these products?
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How about Marketing them?
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How about their films ?
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Products Persons Services Places ……..
Learning Process of Marketing Facilitate Marketing of Products Persons Services Places ……..
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Let us know more about marketing Process
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There are 10 offerings which can be marketed
Can you name them?
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PERSONS PROPERTIES GOODS ORGANISATIONS SERVICES INFORMATION
IDEAS GOODS SERVICES EXPERIENCES EVENTS MARKETING PLACES
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These can be marketed if there is a demand for them ?
What is Demand?
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DEMAND STATES DEMAND STATES Unwholesome demand NEGATIVE DEMAND NO
LATENT DEMAND DECLINING DEMAND DEMAND STATES DEMAND STATES IRREGULAR DEMAND FULL DEMAND OVERFULL DEMAND Unwholesome demand
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Consumer Nonprofit/ Government Types of Markets Business Global
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Can we apply the same marketing process to these markets ?
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Marketing Concepts Competition Marketing Environment Target markets
Channels Target markets and segmentation Needs, Wants & Demand Relationship & Network Marketers & Prospects Exchange & Transactions Marketing Mix Value and Satisfaction Products or Offering Supply Chain
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Customer Delivered Value Total Customer value Total Customer Cost Monetary cost Product value Time cost Service Value Personal value Energy cost Image value Psychic cost
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MARKETING MIX PLACE Channels Coverage PRICE Assortments Locations
PRODUCT Variety Quality Design Features Brand Packing Sizes Services Warranties Returns PLACE Channels Coverage Assortments Locations Inventory Transport PRICE List price Discounts Allowances P. Period Credit terms PROMOTION Sales Advertising Sales force P.R,S Direct mktg
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Four P,s Four C,s CUSTOMER SOL. PRODUCT CUSTOMER COST PRICE
CONVENIENCE COMMUNICATION PRODUCT PRICE PLACE PROMOTION
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Selling product Production SOCIETAL MARKETING Competing Concepts
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PRODUCTION CONCEPT Concentrate on achieving high production efficiency, low cost & mass distribution Consumers prefers inexpensive items in Developing countries Used also in expanding Market Over Populated Counties- Inexpensive Toys, electronics
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PRODUCT CONCEPT HMT, Ambassador Car……
Consumers Favors quality, performance or innovative features Managers focus on producing superior Products Little or No Customer Input Rarely Examine Competitor's Product Management commit Better-mousetrap Leads To marketing Myopia HMT, Ambassador Car……
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Marketing -myopia Ignoring The Demand ,Taste, Liking of Consumers
Looking Into Mirror than looking out Colored and crooked perception of marketing Short sightedness about business Obsession with the product Inadequate understanding of market
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SELLING CONCEPT Consumers & businesses if left alone, will not buy enough Undertake aggressive Selling & Promotion Consumers shows buying inertia until coaxed Many use it at the time of over capacity or Competition CONSUMER DURABLES
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MARKETING CONCEPT More effective than competitors in creating, Delivering, and communicating superior customer Value Putting People First Fulfilling Buyers Needs
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Stated…..an inexpensive mobile Real……..operating cost be less
Customers may need Stated…..an inexpensive mobile Real……..operating cost be less Unstated… good service Delight…… gift from dealer Secret….. esteem before friends
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Start focus means ends Profit through Selling & Sales Factory Products
Volume Selling & Promotion Factory Products (a)The selling concept Profit Through Customer satisfaction Target market Customer needs Integrated marketing (b) The marketing concept
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Customer Concept Needs & values Starting Focus Means Ends Point
Growth through Customer Share/ Loyalty Lifetime/ Value Individual customer Needs & values One To One Mktg Integration
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Traditional Organisational chart CUSTOMERS TM FRONT LINE PEOPLE MM MM FRONT LINE PEOPLE Modern Organisational chart TM CUSTOMERS
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Factors leading to Marketing Concept
Sales decline Slow growth Changing buying patterns Increasing competition Increasing marketing expenditure
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SOCIETAL CONCEPT To determine the needs, wants and interest
of the Target Market and deliver the desired Satisfaction that preserves the society's well being Environment deterioration Resource Shortages Population Growth Unhealthy Food
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RECENT SCENARIO OF THE SOCIETY
Environment Terrorism Corruption Neglected Social Services Poverty Population Explosion Working Couples Work Place Exploitation
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Marketing & Other Functions
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A) MARKETING AS AN EQUAL FUNCTION
FINANCE PRODUCTION MARKETING HUMAN RESOURCE
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MARKETING B) MARKETING AS A MORE IMPORTANT FUNCTION PRODUCTION FINANCE
HUMAN RESOURCE MARKETING
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C) MARKETING AS THE MAJOR FUNCTION
PRODUCTION MARKETING HR FINANCE
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D)CUSTOMER AS THE CONTROLLING FUNCTION
PROD CUSTOMER FINC MKG HR
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F P CUSTOMER HR MKG MKG E) CUSTOMER AS CONTROLLING& MKTG AS A
INTEGRATIVE FUNCTION P MKG CUSTOMER F MKG MKG MKG HR
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Marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering and exchanging products and services of value with others
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Marketing Management is the process of planning and executing the conception, pricing distribution and promotion of ideas, goods, services…that satisfy individual and organizational goals
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Prepare a summary of the topic on marketing-10 minutes
any one can be asked to make a presentation………..
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