Академический Документы
Профессиональный Документы
Культура Документы
process
About Marketing
The Process of communication
Communication process in Mkt.
About Marketing
Invented in Japan in 17th century (1650) when
MITSUI family operated their first Dept. store
In West in 19th century(1809-1884) it was viewed
as a function of Business enterprise and
customer creation by MaCromic.
Academic entry in 20th Century 1905 when
University of Pensylvania conducted a course in
Marketing of products.
Recent entry in No profit sector of economy such
as colleges and Hospitals.
What is Marketing
Business Activity: Organisations adjusts its
offering to the need of market place.
Trade Phenomenon : Link between society
needs & Industry response
Frame of Mind
Human activity directed to satisfying needs
It is oldest profession but newest action
discipline.
It plays the role of communication &promotion
Marketing is working with Market.
Communication process
Idea
coding
Message
Medium
Receiver
Transmitter
Feed back
Communication process in
Marketing
Data
Promotion Information
Mix
Medium
Target Market
Marketing
Feed back
Dealers/Agents
Govt.
Suppliers
Marketing
customers
Mkt. Comm.
Investors
Media.
Role of
Elements of Promotion
Mix
in
Marketing communication
Elements of promotion mix
Role of each element in
Marketing Communication
About Advertising
Paid form of non personal promotion by
identified sponsor.
It is pervasive in nature (allows messages to be
repeated many times)
(consumer are
Direct Marketing
This includes:
Direct Mail
Telemarketing
Direct response ads on radio, TV and other
media
Personal selling.
These have the advantages of
Ability to target specific customers
The ability to directly measure the response
(Order per thousand)
Getting an Order
Request for more information
A visit to a dealer or store
Request for a Demonstration
Sales promotion
These are of two broad types
A. Consumer promotion B. Trade promotion.
Consumer promotion: Is offering an incentive to
the consumer like
1. Lower price : Price rebate by coupons
2. Free gifts : Samples,
3. Price packs: offering lower price or greater
quantity Ex.3 pieces in price of 2
4. Premiums and gifts
5. Subsidized financing
PP
Through :
Media editorial coverage : Many industrial
marketers try hard to have trade magazines
carry articles by their top executives.
Sponsorship of events or sports
Sponsoring/organizing contests
Cause related marketing.
Lobbying : efforts to deal with agencies to
defeat/promote unwanted/wanted action