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Published byEugenia Powers Modified over 9 years ago
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Introduction to Marketing Jordan Holtzman
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What is Marketing? Exchange process Management process Consumer-driven The 4 P’s Creating satisfied and loyal consumers “Getting the right stuff to the right people.”
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Marketing is NOT just… …“Advertising” …“Selling” …“getting inside the consumer’s head” …”building a better mousetrap” “art” “science”
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Marketing is Everywhere Business – For Profit – Not for Profit Politics Science Research Religion
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Some Marketing Vocabulary Needs vs. Wants Marketing Offer Market Value Value Proposition Satisfaction Marketing System Products Services Experiences De-Marketing
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A modern Marketing System
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Avoiding Marketing Myopia When marketing is overly focused on product features instead of benefits and market trends – Examples Music Downloads vs. CDs Trains vs. Transportation Good Marketing Managers avoid Marketing Myopia.
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Old vs. New Marketing
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The 4 P’s Product Price Promotion Place
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Not all customers are created equal
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Question du Jour Is the customer always right?
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