Академический Документы
Профессиональный Документы
Культура Документы
ON
CONTEMPORARY ISSUES IN
MANAGEMENT
ON CRITICAL MARKETING
Regd.No.-10901304
R 1902 A10
CONTENTS
• Introduction
• Critical Marketing
• 4Ps
• Review of Literature
• Objectives
• Marketing Plan
• Suggestion/Recommendation
• Conclusion
• References
CRITICAL MARKETING
and execute a sound market strategy for their products and services,
What is MARKET
want who might be willing & able to engage in exchange to satisfy that need
or want.
It is a place where buyer & seller share common plate form to gives and
What is MARKETING
Marketing is the performance of business activities that direct the flow the
them selves & their customers or uses in order to satisfy such need & wants
The marketing concept holds that the key to achieving organization goals
consists in determining he needs & wants to target market and delivering the
"To do all in our power to tact the customers dollar full of value
(J. C. Penny)
ABOUT MARKETING - MIX
Introduction :
marketing mix so employed is not stagriant but changing in the tune and
trade & environment keep the marketing mix. Dynamic on the other side the
they care inter dependent & mutually supporting one another. Thus rein
Meaning :
needs of an organization's target market & at the same time achievers its
marketing objective.
DEFINITION OF MARKETING -MIX
Promotion.
a. Product - Mix
product.
b. Price- Mix
Price mix refers to the activities that are involved the right time,
At the right time & place .this also known on distribution control
of distribution.
c. Promotion - Mix
manufacture.
d. Place - Mix
time & place. This also known as distribution mix. The decision
What is Prices
Price is the exchange values of goods & service, terms of money. The term
Price is of vital importance to a bath the seller and the buyer in the market
place. Only when is buyer and a seller agree on price we can have exchange
Price structure effect the firm's competitive position its share of the market.
The Price of a Product also effect the other components of the marketing
mix of a firm. A firm wile improve the quality of a product. Increase the
distribution. If it fills that t can sell its product at a prices high enough. The
cover the cost of additional services and promotion. Price are also important
the consumer to take buying decision and satisfy his wants in a better way.
Numerous factors effect the pricing policies & decision of a firm such
Internal Factor
External Factor
External factor are the forces outsides the firm over which business
manufacturer to make quick sales which leads to large scale production &
less cost. It help them to face competition therefore. Advertising plays very
company must select the best media to advertise their product which have
Before selecting the advertising media the factory must see its cost. It
The factory has fixed their advertising budget Rs. 2,000 per month.
below.
OBJECTIVE OF STUDY
Introduction
true & tone of changing internal & external forces. On one sides
keep the marketing mix dynamic. On the other sides the element with
are inter dependent & mutually supporting one another. Thus rein
marketing mix is quite evident from the fact each marketing firm has
Definations
Prof. 'N.H.BORDER'
"Marketing mix is a set of controllable variables that he firm can use
'Philip Kottler'
A product mix is the set of all production and items that a particular seller
offers for sale for buyer. Product mix involves planning developing &
producing the right types of products & services to be marketed by the firm.
It deals with the product range, product qualities, a part from producing the
The product mix the following important variable. The deserve a brief out
the firm, " product line is a group of closed related product which
2. Product Design
The marketing decision starts with designing the product in a easy
3. Product Package
It also helps to keep the products clean ensures easy handling and
storage makes easy identification & thus saves the time of both
4. Product Quality
5. Product Labeling
characteristics.
6. Product Branding
those of competitors.
the seller indulges in providing various after sale service the more
the use of machinery equipment appliance etc. the more is the need
repair.
PLACE-MIX
Place or distribution mix stands for the matching arrangement for the
smooth flow of good & service from the product to the consumer. It is
concerned with creation of place time and passion utilities. Place mix entails
make available goods at the right time and place. It includes decision about
the channels of distribution and the place at which the product should be
The basic place mix variables one described in brief at this gesture.
• Transportation
• Inventory Levels
• Ware Housing
• Channels of Distribution
PROMOTION MIX
Promotion mix is the communication mix which deals with the personal
their presents and potential customer in wides variety of ways the most
the sales forces of the company and the cliente. On the other hand
selling.
The promotion variable following are the brief outlining of Promotion Mix
variable :-
- Personal Selling
- Advertising
- Sales Promotion
- Public Relation
- Publicity
Market Consideration
The nature of market is the key factor influencing is the key factor
C) Size of order
2) Product Consideration
The type and nature of the product influences. The numbers and type
FACTORS ARE
a) Unit Value
b) Product Line
c) Standardized Product
d) Technical nature
f) Pershability
3) Company Consideration
The nature and size of the business firm have an important impact on
a) Volume of production
b) Financial resource
4) Middlemen Consideration
Certain factors related to the middle men which influence the channels
selection.
b) Financial ability.
c) Attitude of middleman.
d) Sales potential
e) Cost
Marketing process can be realized by the marketing mix in step 4. The last
step in the process is the marketing controlling. In most organizations,
"strategic planning" is an annual process, typically covering just the year
ahead. Occasionally, a few organizations may look at a practical plan which
stretches three or more years ahead.
Behind the corporate objectives, which in themselves offer the main context
for the marketing plan, will lie the "corporate mission," which in turn
provides the context for these corporate objectives. In a sales-oriented
organization, the marketing planning function designs incentive pay plans to
not only motivate and reward frontline staff fairly but also to align
marketing activities with corporate mission.
Abell suggested that the definition should cover three dimensions: "customer
groups" to be served, "customer needs" to be served, and "technologies" to
[1]
be used . Thus, the definition of IBM's "corporate mission" in the 1940s
might well have been: "We are in the business of handling accounting
information [customer need] for the larger US organizations [customer
group] by means of punched cards [technology]."
It is apparent that a marketing audit can be a complex process, but the aim is
simple: "it is only to identify those existing (external and internal) factors
which will have a significant impact on the future plans of the company." It
is clear that the basic material to be input to the marketing audit should be
comprehensive.
Accordingly, the best approach is to accumulate this material continuously,
as and when it becomes available; since this avoids the otherwise heavy
workload involved in collecting it as part of the regular, typically annual,
planning process itself - when time is usually at a premium.
Even so, the first task of this annual process should be to check that the
material held in the current facts book or facts files actually is
comprehensive and accurate, and can form a sound basis for the marketing
audit itself.
The structure of the facts book will be designed to match the specific needs
of the organization, but one simple format - suggested by Malcolm
McDonald - may be applicable in many cases. This splits the material into
three groups:
It is only at this stage (of deciding the marketing objectives) that the active
part of the marketing planning process begins. This next stage in marketing
planning is indeed the key to the whole marketing process.
The "marketing objectives" state just where the company intends to be at
some specific time in the future.
James Quinn succinctly defined objectives in general as: Goals (or
objectives) state what is to be achieved and when results are to be
accomplished, but they do not state "how" the results are to be achieved.[3]
They typically relate to what products (or services) will be where in what
markets (and must be realistically based on customer behavior in those
markets). They are essentially about the match between those "products" and
"markets." Objectives for pricing, distribution, advertising and so on are at a
lower level, and should not be confused with marketing objectives. They are
part of the marketing strategy needed to achieve marketing objectives. To be
most effective, objectives should be capable of measurement and therefore
"quantifiable." This measurement may be in terms of sales volume, money
value, market share, percentage penetration of distribution outlets and so on.
An example of such a measurable marketing objective might be "to enter the
market with product Y and capture 10 percent of the market by value within
one year." As it is quantified it can, within limits, be unequivocally
monitored, and corrective action taken as necessary.
At this stage,you will need to develop your overall marketing strategies into
detailed plans and program. Although these detailed plans may cover each of
the 7 Ps (marketing mix), the focus will vary, depending upon your
organization's specific strategies. A product-oriented company will focus its
plans for the 7 Ps around each of its products. A market or geographically
oriented company will concentrate on each market or geographical area.
Each will base its plans upon the detailed needs of its customers, and on the
strategies chosen to satisfy these needs. Brochures and Websites are used
effectively.
Again, the most important element is, indeed, that of the detailed plans,
which spell out exactly what programs and individual activities will take
place over the period of the plan (usually over the next year). Without these
specified - and preferably quantified - activities the plan cannot be
monitored, even in terms of success in meeting its objectives.It is these
programs and activities which will then constitute the "marketing" of the
organization over the period. As a result, these detailed marketing programs
are the most important, practical outcome of the whole planning process.
These plans must therefore be:
designs and fabulous colors and same happenings can be seen in market.
The shoe industry at Yamuna Nagar provide more quality oriented and
professional offices.
down fall in the quality of the product. In order to enhance the already
variety of designs.
Thus the major surveillance point for Micro Plywood Factory is cut
should adopt laboratory testing of raw material and finished product to avoid
Or
outlets.
The die hard players in this industry not only casters to customers need
through exclusive outlets but the general ply/board dealers also integrate
its efforts in turnover of companies. But this is not the case in reality.
distribution channel.
concentrate their efforts in local media only as they cannot affords to use
the other hand Micro Plywood Factory may use any of the media for
not be product but the satisfactions that are sold. Therefore, marketing
satisfaction. When all these functions are effectively co-ordination. They are
Marketing mix serves as the link between the business firm & its customers.
Since marketing mix take care of the needs of the customer help in
mix & system there is a balance relation between these element. It helps to
2004.
Publication 2004.