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Slide 1 in Chapter 1
Objectives
Understand the new economy.
Learn the tasks of marketing.
Become familiar with the major
concepts and tools of marketing.
Understand the orientations
exhibited by companies.
2003 Prentice Hall, Inc.
Slide 2 in Chapter 1
Objectives
Learn how companies and
marketers are responding to
new challenges.
Slide 3 in Chapter 1
Slide 4 in Chapter 1
Slide 5 in Chapter 1
Marketing Tasks
Marketing practices may pass
through three stages:
Entrepreneurial marketing
Formulated marketing
Intrepreneurial marketing
Slide 6 in Chapter 1
Places
Services
Properties
Experiences
Organizations
Events
Information
Persons
Ideas
Slide 7 in Chapter 1
Marketing Defined
Kotlers social definition:
Marketing is a societal process by
which individuals and groups
obtain what they need and want
through creating, offering, and
freely exchanging products and
services of value with others.
2003 Prentice Hall, Inc.
Slide 8 in Chapter 1
Marketing Defined
The AMA managerial definition:
Marketing is the process of
planning and executing the
conception, pricing, promotion,
and distribution of ideas, goods,
and services to create exchanges
that satisfy individual and
organizational objectives.
2003 Prentice Hall, Inc.
Slide 9 in Chapter 1
Exchange and
transactions
Relationship and
networks
Marketing channels
Supply chain
Competition
Marketing program
Marketing environment
Slide 10 in Chapter 1
Slide 11 in Chapter 1
Slide 12 in Chapter 1
Slide 13 in Chapter 1
Slide 14 in Chapter 1
Enhancing Value
Marketers can enhance the value of
an offering to the customer by:
Raising benefits.
Reducing costs.
Raising benefits while lowering costs.
Raising benefits by more than the
increase in costs.
Lowering benefits by less than the
reduction in costs.
2003 Prentice Hall, Inc.
Slide 15 in Chapter 1
Slide 16 in Chapter 1
Slide 17 in Chapter 1
Deliver messages to
and receive
messages from
target buyers.
Includes traditional
media, non-verbal
communication, and
store atmospherics.
Service channels
2003 Prentice Hall, Inc.
Slide 18 in Chapter 1
Display or deliver
the physical
products or
services to the
buyer / user.
Distribution
channels
Service channels
2003 Prentice Hall, Inc.
Slide 19 in Chapter 1
Carry out
transactions with
potential buyers
by facilitating the
transaction.
Distribution
channels
Service channels
2003 Prentice Hall, Inc.
Slide 20 in Chapter 1
Slide 21 in Chapter 1
Slide 22 in Chapter 1
Slide 23 in Chapter 1
Slide 24 in Chapter 1
Company Orientations
The orientation or philosophy of the
firm typically guides marketing efforts.
Several competing orientations exist:
Production concept
Product concept
Selling concept
Marketing concept
Customer concept
Societal marketing concept
2003 Prentice Hall, Inc.
Slide 25 in Chapter 1
Slide 26 in Chapter 1
Slide 27 in Chapter 1