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Principles of Marketing BA 3365 Section 006 Introduction to Marketing. Professor Andrei Strijnev The University of Texas at Dallas Fall 2005. 1. DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING. C HAPTER. WHAT IS MARKETING?. Marketing : Using Exchanges to Satisfy Needs
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Principles of Marketing BA 3365 Section 006 Introduction to Marketing Professor Andrei Strijnev The University of Texas at Dallas Fall 2005
1 DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING CHAPTER
WHAT IS MARKETING? • Marketing: Using Exchanges to Satisfy Needs • The Diverse Factors Influencing Marketing Activities
FIGURE 1-3An organization’s marketing department relates to many people, groups, and forces
Toro’s iMow What “benefits” and what “showstoppers”?
HOW MARKETING DISCOVERS AND SATISFIES CONSUMER NEEDS • Discovering Consumer Needs • The Challenge of Launching Winning New Products • Consumer Needs and Consumer Wants • What a Market Is
FIGURE 1-4Marketing’s first task: discovering consumer needs
HOW MARKETING DISCOVERS AND SATISFIES CONSUMER NEEDS • Satisfying Consumer Needs • Target market • The Four Ps: Controllable Marketing Mix Factors • The Uncontrollable, Environmental Factors
Wal-Mart Customer Value: Best Price
Lands’ End Customer Value: Exceptional Service
THE MARKETING PROGRAM: HOW CUSTOMER RELATIONSHIPS ARE BUILT • Global Competition, Customer Value, and Customer Relationships • Relationship Marketing and the Marketing Program • Relationship Marketing: Easy to Understand • Relationship Marketing: Difficult to Implement • The Marketing Program
FIGURE 1-5Marketing’s second task: satisfying consumer needs
A Marketing Program for Rollerblade Expanding the Market for Rollerblade Skates Exploiting Strengths in Technology THE MARKETING PROGRAM: HOW CUSTOMER RELATIONSHIPS ARE BUILT
FIGURE 1-6Marketing programs for two of Rollerblade’s skates, targeted at two distinctly different customer segments: fast-growing kids and fitness skaters.
HOW MARKETING BECAME SO IMPORTANT • Evolution of Market Orientation • Production Era • Sales Era • The Marketing Concept Era • The Market Orientation Era • Customer relationship management (CRM)
FIGURE 1-7Four different orientations in the history of American business
HOW MARKETING BECAME SO IMPORTANT • Ethics and Social Responsibility:Balancing the Interests of Different Groups • Ethics • Social Responsibility • Societal marketing concept • Macromarketing • Micromarketing
HOW MARKETING BECAME SO IMPORTANT • The Breadth and Depth of Marketing • Who Markets? • What is Marketed?
Hermitage Museum Outside View
Hermitage Museum Statue
HOW MARKETING BECAME SO IMPORTANT • The Breadth and Depth of Marketing (cont) • Who Buys and Uses What is Marketed? • Ultimate consumers • Organizational buyers • Who Benefits? • How Do Consumers Benefit? • Utility