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Marketing in the  Twenty-first Century
Objectives ,[object Object],[object Object],[object Object],[object Object]
Management Goals ,[object Object],[object Object],[object Object],[object Object],[object Object]
Defining Marketing ,[object Object]
What is Marketing? Simply put: Marketing is the delivery of customer satisfaction at a profit.
Need, Exchange, Buyers People Who Exhibit Need Resources to Exchange Willingness to Exchange Unexpected Situational Factors Attitudes  of  Others Ethical Potential Buyers  Market –   Buyers who share a particular need or want that can be satisfied through exchange or relationships . Actual Buyers
Core Concepts of Marketing Product or Offering Value and Satisfaction Needs, Wants, and Demands Exchange and Transactions Relationships and Networks Target Markets & Segmentation Marketing Channels Supply Chain Competition Marketing Environment
Exchanges Transactions Relationships  Building a Marketing Network Consisting of The Company and All Its Supporting Stakeholders How Do Consumers Obtain Products and Services?
Simple Marketing System Goods/services Money Industry (a collection  of sellers) Market (a collection  of Buyers) Communication Information
Structure of Flows Manufacturer markets Services, money Government markets Services, money Services Services, money Taxes Taxes, goods Taxes, goods Taxes, goods Money Money Consumer markets Intermediary markets Goods, services Goods, services Resources Resources Resource markets Money Money
The Four Ps Marketing Mix The Four Cs Customer Solution Customer Cost Communication Conven- ience Product Price Promotion Place
Company Orientations Towards the Marketplace Production Concept Product Concept Selling Concept Marketing Concept Consumers prefer products that are  widely available and inexpensive ,[object Object],[object Object],[object Object],Consumers will buy products only if the company aggressively promotes/sells these products Focuses on needs/ wants of target  markets & delivering value  better than competitors
Customer Delivered Value Market Integrated marketing Profits through customer satisfaction Customer needs (b) The marketing concept Factory Existing products Selling and promotion Profits through sales volume Starting point Focus Means Ends (a) The selling concept
[object Object],[object Object],[object Object],What are Consumer’s Needs, Wants and Demands?
Societal Marketing Concept Societal Marketing  Concept Company (Profits) Consumers (Want Satisfaction) Society (Human Welfare)
Traditional Organization Chart Customers Front-line  people Middle Management Top Management
Customer-Oriented Organization Chart Customers Front-line people Middle management Top manage- ment Customers Customers
Evolving Views of Marketing’s Role a. Marketing as an equal function Finance Production Marketing Human resources b. Marketing as a more important function Finance Human resources Marketing Production
Evolving Views of Marketing’s Role c. Marketing as the major function Marketing Finance Human resources Production d. The customer as the controlling factor Customer Human resources Finance Production Marketing
Evolving Views of Marketing’s Role The customer as the controlling function and marketing as the integrative function Customer Marketing Production Human resources Finance
Review ,[object Object],[object Object],[object Object],[object Object]

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Marketing Introduction

  • 1. Marketing in the Twenty-first Century
  • 2.
  • 3.
  • 4.
  • 5. What is Marketing? Simply put: Marketing is the delivery of customer satisfaction at a profit.
  • 6. Need, Exchange, Buyers People Who Exhibit Need Resources to Exchange Willingness to Exchange Unexpected Situational Factors Attitudes of Others Ethical Potential Buyers Market – Buyers who share a particular need or want that can be satisfied through exchange or relationships . Actual Buyers
  • 7. Core Concepts of Marketing Product or Offering Value and Satisfaction Needs, Wants, and Demands Exchange and Transactions Relationships and Networks Target Markets & Segmentation Marketing Channels Supply Chain Competition Marketing Environment
  • 8. Exchanges Transactions Relationships Building a Marketing Network Consisting of The Company and All Its Supporting Stakeholders How Do Consumers Obtain Products and Services?
  • 9. Simple Marketing System Goods/services Money Industry (a collection of sellers) Market (a collection of Buyers) Communication Information
  • 10. Structure of Flows Manufacturer markets Services, money Government markets Services, money Services Services, money Taxes Taxes, goods Taxes, goods Taxes, goods Money Money Consumer markets Intermediary markets Goods, services Goods, services Resources Resources Resource markets Money Money
  • 11. The Four Ps Marketing Mix The Four Cs Customer Solution Customer Cost Communication Conven- ience Product Price Promotion Place
  • 12.
  • 13. Customer Delivered Value Market Integrated marketing Profits through customer satisfaction Customer needs (b) The marketing concept Factory Existing products Selling and promotion Profits through sales volume Starting point Focus Means Ends (a) The selling concept
  • 14.
  • 15. Societal Marketing Concept Societal Marketing Concept Company (Profits) Consumers (Want Satisfaction) Society (Human Welfare)
  • 16. Traditional Organization Chart Customers Front-line people Middle Management Top Management
  • 17. Customer-Oriented Organization Chart Customers Front-line people Middle management Top manage- ment Customers Customers
  • 18. Evolving Views of Marketing’s Role a. Marketing as an equal function Finance Production Marketing Human resources b. Marketing as a more important function Finance Human resources Marketing Production
  • 19. Evolving Views of Marketing’s Role c. Marketing as the major function Marketing Finance Human resources Production d. The customer as the controlling factor Customer Human resources Finance Production Marketing
  • 20. Evolving Views of Marketing’s Role The customer as the controlling function and marketing as the integrative function Customer Marketing Production Human resources Finance
  • 21.