Kotler Pom16e Inppt 01

Download as pptx, pdf, or txt
Download as pptx, pdf, or txt
You are on page 1of 15

What Is Marketing?

Marketing
Defined

Marketing is a process by which


companies create value for customers
and build strong customer relationships
in order to capture value from
customers in return.

Copyright 2016 Pearson Education, Inc.

1-1

What Is Marketing?
The Marketing Process

Copyright 2016 Pearson Education, Inc.

1-2

Understanding the Marketplace and


Customer Needs
Customer Needs, Wants, and Demands

Needs

States of deprivation

Wants

Form that needs take

Demand
s

Wants backed by buying


power

Copyright 2016 Pearson


Education, Inc.

1-3

Understanding the Marketplace and


Customer Needs
Market Offerings Products, Services, and
Experiences
Market offerings
are some
combination of
products, services,
information, or
experiences offered
to a market to
satisfy a need or
want.

Marketing myopia
is focusing only on
existing wants and
losing sight of Copyright 2016 Pearson Education, Inc.

1-4

Understanding the Marketplace and


Customer Needs
Customer Value and Satisfaction
Customer
s

Marketers
Set the
right level
of
expectation
s

Value
and
satisfacti
on

Copyright 2016 Pearson Education, Inc.

113

Understanding the Marketplace and


Customer Needs
Exchanges and
Relationships

Exchange is the act of obtaining a desired object


from someone by offering something in return.
Marketing actions try to create, maintain, and
grow desirable exchange relationships.
Copyright 2016 Pearson Education, Inc.

1-6

Understanding the Marketplace and


Customer Needs
Markets

Copyright 2016 Pearson Education, Inc.

1-7

Designing a Customer Value-Driven Marketing Strategy

Selecting Customers to
Serve
Marketing management is the art and science of
choosing target markets and building profitable
relationships with them.
What customers will we serve?
How can we best serve these customers?
Copyright 2016 Pearson Education, Inc.

1-18

Designing a Customer Value-Driven


Marketing Strategy
Marketing Management Orientations

Producti
on
concept

Product
concept

Selling
concept

Copyright 2016 Pearson Education, Inc.

Marketi
ng
concept

Societal
Marketi
ng
concept

1-9

Designing a Customer Value-Driven


Marketing
Strategy
Marketing
Management
Orientations

Production concept:
Consumers will favor products that are available and
highly affordable.

Copyright 2016 Pearson


Education, Inc.

1-10

Designing a Customer Value-Driven


Marketing
Strategy
Marketing Management Orientations
Product concept:
Consumers favor products that offer the most
quality, performance, and features.
The focus is on continuous product improvements.
Copyright 2016 Pearson
Education, Inc.

1-11

Designing a Customer Value-Driven


Marketing Strategy
Marketing Management Orientations

Selling concept:
Consumers will not buy enough of the firms
products unless the firm undertakes a large-scale
selling and promotion effort.

Copyright 2016 Pearson Education, Inc.

1-12

Designing a Customer Value-Driven


Marketing Strategy
Marketing Management Orientations

Marketing concept:
Know the needs and wants of the target markets
and deliver the desired satisfactions better than
competitors.

Copyright 2016 Pearson Education, Inc.

1-13

Designing a Customer Value-Driven


Marketing Strategy
Marketing Management Orientations

Societal marketing:
The companys marketing decisions should consider
consumers wants, the companys requirements,
consumers long-run interests, and societys longrun interests.

Copyright 2016 Pearson Education, Inc.

1-14

Designing a Customer Value-Driven


Marketing
Strategy
Marketing Management Orientations

Copyright 2016 Pearson


Education, Inc.

1-15

You might also like