Вы находитесь на странице: 1из 9

12/21/2007

Chapter 1 Defining Marketing for the 21st Century


by

PowerPoint by

Milton M. Pressley
Creative Assistance by D. Carter and S. Koger
1-1 www.bookfiesta4u.blogspot.com

PowerPoint by Milton M. Pressley University of New Orleans


1-2 www.bookfiesta4u.blogspot.com

Kotler on Marketing
The future is not ahead of us. It has already happened. Unfortunately, it is unequally distributed among companies, industries and nations.

Chapter Objectives
In this chapter we will address the following questions:
What is the new economy like? What are the tasks of marketing? What are the major concepts and tools of marketing? What orientations do companies exhibit in the marketplace? How are companies and marketers responding to the new challenges?
1-3 1-4 www.bookfiesta4u.blogspot.com

www.bookfiesta4u.blogspot.com

The New Economy


Substantial increase in buying power A greater variety of goods and services A greater amount of information about practically anything A greater ease in interacting and placing and receiving orders An ability to compare notes on products and services
1-5 www.bookfiesta4u.blogspot.com

The New Economy


Websites can provide companies with powerful new information and sales channels. Companies can collect fuller and richer information about markets, customers, prospects and competitors. Companies can facilitate and speed up communications among employees. Companies can have 2-way 2communication with customers and prospects
1-6 www.bookfiesta4u.blogspot.com

12/21/2007

The New Economy


Companies can send ads, coupons, samples, information to targeted customers. Companies can customize offerings and services to individual customers. The Internet can be used as a communication channel for purchasing, training, and recruiting. Companies can improve logistics and operations for cost savings while improving accuracy and service quality.
1-7 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

The three major challenges faced by businesses today are globalization, advances in technology, and deregulation. Which of these affords the greatest opportunity for established businesses? Which affords the greatest opportunities for new businesses? Why?
1-8

Marketing Task
Ten rules of radical marketing
The CEO must own the marketing function. Make sure the marketing department starts small and flat and stays small and flat. Get face to face with the people who matter most the customers. Use market research cautiously. Hire only passionate missionaries.

Marketing Task
Love and respect your customers. Create a community of consumers. Rethink the marketing mix. Celebrate common sense. Be true to the brand.

Three stages of marketing practice


Entrepreneurial Marketing Formulated Marketing Intrepreneurial Marketing
1-9 1-10 www.bookfiesta4u.blogspot.com

www.bookfiesta4u.blogspot.com

The Scope of Marketing


Marketing: typically seen as the task of creating, promoting, and delivering goods and services to consumers and businesses.

Table 1.1 Demand States and Marketing Tasks

1. Negative demand

A major part of the market dislikes the product and may even pay a price to avoid itvaccinations, dental work, it vasectomies, and gallbladder operations, for instance. Employers have a negative demand for ex-convicts and exalcoholics as employees. The marketing task is to analyze why the market dislikes the product and whether a marketing program consisting of product redesign, lower prices, and more positive promotion can change beliefs and attitudes. Target consumers may be unaware of or uninterested in the product. Farmers may not be interested in a new farming method, and college students may not be interested in foreign-language foreigncourses. The marketing task is to find ways to connect the benefits of the product with peoples natural needs and interests.

2. No demand

1-11 www.bookfiesta4u.blogspot.com

See text for complete table


www.bookfiesta4u.blogspot.com

1-12

12/21/2007

The Scope of Marketing


Can you name a category of products for which your negative feelings have softened? What precipitated this change? Places Properties Organizations Information Ideas Goods Services Experiences Events Persons

1-13 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-14

The Decisions Marketers Make


Consumer Markets Business Markets Global Markets Nonprofit and Governmental Markets

Marketing Concepts and Tools


Defining Marketing
Marketing Marketing management

Core Marketing Concepts


Target Markets and Segmentation

1-15 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-16

Figure 1-1: A Simple Marketing System

Marketing Concepts and Tools


Marketplace, Marketspace, and Metamarket

1-17 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-18

12/21/2007

Marketing Concepts and Tools


Marketers and Prospects Needs, Wants, and Demands Product, Offering, and Brand Value and Satisfaction
Customer value triad Value
Value = Benefits / Costs = (Functional benefits + Emotional benefits) / (Monetary costs + Time costs + Energy costs + Psychic costs)
1-19 www.bookfiesta4u.blogspot.com

Marketing Concepts and Tools


Exchange and Transactions
Exchange Transaction Barter Transfer Behavioral response

1-20 www.bookfiesta4u.blogspot.com

Marketing Concepts and Tools


Relationships and Networks
Relationship marketing Marketing network

Marketing Concepts and Tools


Brand competition Industry competition Form competition Generic competition

Marketing Channels Supply Chain Competition

Marketing environment
Task environment Broad environment

Marketing Program
Marketing program Marketing mix
1-21 1-22 www.bookfiesta4u.blogspot.com

www.bookfiesta4u.blogspot.com

Company Orientations Toward the Marketplace


Production Concept Product concept Selling Concept Marketing Concept

Company Orientations Toward the Marketplace


Target Market Customer Needs
Stated needs Real needs Unstated needs Delight needs Secret needs

1-23 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-24

12/21/2007

Company Orientations Toward the Marketplace


Integrated Marketing
External marketing Internal marketing

Company Orientations Toward the Marketplace


Profitability
Sales decline Slow growth Changing buying patterns Increasing competition Increasing marketing expenditures

1-25 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-26

Company Orientations Toward the Marketplace


Societal Marketing Concept
CauseCause-related marketing

Can you identify the trends that have made the marketing concept, the customer concept, and the societal marketing concept more attractive models for contemporary marketing managers?

1-27 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-28

How Business and Marketing are Changing


Customers Brand manufacturers StoreStore-based retailers

How Business and Marketing are Changing


Company responses and adjustments
Reengineering Outsourcing E-commerce Benchmarking Alliances PartnerPartner-suppliers MarketMarket-centered Global and local Decentralized

1-29 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-30

12/21/2007

How Business and Marketing are Changing


Marketer Responses and Adjustments
Customer relationship marketing Customer lifetime value Customer share Target marketing Customization Customer database Integrated marketing communications Channels as partners Every employee a marketer ModelModel-based decision making
1-31 www.bookfiesta4u.blogspot.com

Chapter 2 Adapting Marketing To The New Economy


by

PowerPoint by Milton M. Pressley University of New Orleans


1-32 www.bookfiesta4u.blogspot.com

Kotler on Marketing
The Internet will create new winners and bury the laggards.

Chapter Objectives
In this chapter, we will address the following questions:
What are the major forces driving the New Economy? How are business and marketing practices changing as a result of the New Economy? How are marketers using the Internet, customer databases, and customer relationship management in the New Economy?
1-33 1-34 www.bookfiesta4u.blogspot.com

www.bookfiesta4u.blogspot.com

Adapting Marketing to the New Economy


Major Drivers of the New Economy
Digitization and Connectivity Disintermediation and Reintermediation Customization and Customerization

Procter & Gambles Reflect.com site allows customers to design their own beauty products

1-35 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-36

12/21/2007

Adapting Marketing to the New Economy


Industry Convergence

Table 2-1: Old Economy vs. New Economy


Old Economy
Organize by product units Focus on profitable transactions Look primarily at financial scorecard Focus on shareholders Marketing does the marketing Build brands through advertising Focus on customer acquisition No customer satisfaction measurement Overpromise, underdeliver

New Economy
Organize by customer segments Focus on customer lifetime value Look also at marketing scorecard Focus on stakeholders Everyone does the marketing Build brands through behavior Focus on customer retention and growth Measure customer satisfaction and retention rate Underpromise, overdeliver

How Business Practices are Changing


Organize by product units to organize by customer segments Shift focus from profitable transactions to customer lifetime value Shift focus from financial scorecard to also focusing on the marketing scorecard Shift focus from shareholders to stakeholders
1-37 www.bookfiesta4u.blogspot.com

1-38 www.bookfiesta4u.blogspot.com

Adapting Marketing to the New Economy


Everyone does the marketing Build brands through performance, not just advertising Customer retention rather than customer acquisition From none to in-depth customer insatisfaction measurement From over-promise, under-deliver to overunderunderunder-promise, over-deliver overThe New Hybrid
1-39 www.bookfiesta4u.blogspot.com

Adapting Marketing to the New Economy


How Marketing Practices are Changing: E-Business EE-business E-commerce E-purchasing E-marketing

Internet Domains: B2C (Business to Customer)


1-40 www.bookfiesta4u.blogspot.com

Customers can shop online at Calyx and Corolla or ask for a catalog and shop by phone

Adapting Marketing to the New Economy


Internet Domains: B2B (Business to Business)

1-41 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-42

12/21/2007

www.transora.com: global online marketplace for the consumer packaged goods industry Figure 2-1: The SupplierCustomer Relationship: Traditional and New Economy Structures

1-43 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-44

Adapting Marketing to the New Economy


Internet Domains: C2C (Consumer to Consumer) Internet Domains: C2B (Customer to Business) Pure Click vs. Brick and Click Companies
PurePure-click companies

CarPoint, leading metamediary for car buying, is a pure click company: It exists only on the Web.

1-45 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

1-46

Adapting Marketing to the New Economy


Brick and Click companies

Which is more important for developing an e-presence: the agility eof a pure click company, or the well defined and readily identifiable resources of a traditional brick and mortar company?
1-47 1-48 www.bookfiesta4u.blogspot.com

www.bookfiesta4u.blogspot.com

12/21/2007

Adapting Marketing to the New Economy


How Marketing Practices are Changing: Setting Up Web Sites
Designing an Attractive Website
Seven elements of effective sites
Context Content Community Customization Communication Connection Commerce
1-49 www.bookfiesta4u.blogspot.com www.bookfiesta4u.blogspot.com

Would you be willing to give up one or more of the seven elements of an effective web site in order to speed the deployment of a new company e-commerce site? eWhat would the expected trade-offs be tradebetween an effective site and an early web presence?
1-50