Professional Documents
Culture Documents
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Selling?
Advertising?
Promotions?
Making products available in stores?
Maintaining inventories?
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Marketing is the process of planning and executing the
conception, pricing, promotion, and distribution of ideas,
goods, services to create exchanges that satisfy
individual and organizational goals
American Marketing Association
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m is the of
choosing target markets and getting, keeping, and
growing customers through creating, delivering, and
communicating superior customer value.
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× Marketing is the sum of all activities that take you to a
sales outlet. After that sales takes over.
× Marketing is all about creating a pull, sales is all about
push.
× Marketing is all about managing the four P¶s ±
× product
× price
× place
× promotion
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Sales
trying to get the customer to want what the
produces
Marketing
trying to get the company produce what the
wants
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× xoods
× Services
× Events
× Experiences
× Personalities
× Place
× Organizations
× Properties
× Information
× Ideas and concepts
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aased on :
× Needs, Wants, Desires / demand
× Products, Utility, Value & Satisfaction
× Exchange, Transactions & Relationships
× Markets, Marketing & Marketers.
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× Need ± food ( is a must )
× Want ± Pizza, aurger, French fry's ( translation of a need
as per our experience )
× Demand ± aurger ( translation of a want as per our
willingness and ability to buy )
× Desire ± Have a aurger in a five star hotel
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¦ustomers
¦ompany ¦ompetition
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m !!!!!
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¦USTOMER has needs, wants, demands and
desires
Understanding these needs is starting point of
the entire marketing
These needs, wants «« arise within a
framework or an ecosystem
Understanding both the needs and the
ecosystem is the starting point of a long term
relationship
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Energy ¦ost + Psychic ¦ost
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Environmental Analysis
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ausiness Mission Statement
Objectives
Situation Analysis (SWOT)
Marketing Strategy
Target Market Strategy
Marketing Mix
× Positioning
× Product
× Promotion
× Price
× Place ± Distribution
× People
× Process
Implementation, Evaluation and ¦ontrol
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Technology ?
Other media substitutes ?
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× HMT vs. Titan
× HLL vs. Nirma
× aajaj vs. Honda
× Market leadership today cannot be taken for
granted.New and more efficient companies are able
to upstage leaders in a much shorter period.
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