1 Defining Marketing For The New Realities

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Ahsanullah University of Science and Technology

School of Business
Program: BBA

Course Title : Marketing Management


Code: BBA 221

Dr. Wahiduzzaman Khan


Professor (Marketing)
School of Business
Ahsanullah University of Science and Technology.
Contact: +88 01939 9933 99
E-mail: [email protected]
Facebook ID: https://www.facebook.com/wahid.roence.7
Defining marketing for the new realities
What is Marketing Management?
Marketing management is the
art and science
of choosing target markets
and getting, keeping, and growing
customers through
creating, delivering, and communicating
superior customer value. (Kotler and
Keller,2008).
What is Marketed?
 Goods  Places and properties
 Services  Organizations
 Events and  Information
experiences  Ideas
 Persons
Demand States
 Negative  Irregular
 Nonexistent  Unwholesome
 Latent  Full
 Declining  Overfull
Key Customer Markets
 Consumer markets
 Business markets
 Global markets
 Nonprofit/Government markets
Marketing Mix and the Customer
Four Ps Four Cs
 Product  Customer
 Price solution
 Place  Customer cost
 Promotion  Convenience
 Communication
Core Concepts
 Needs, wants, and  Marketing
demands channels
 Target markets,  Supply chain
positioning,  Competition
segmentation
 Marketing
 Offerings and
environment
brands
 Marketing
 Value and
planning
satisfaction
The New Marketing Realities
 Technology
 Globalization
 Social
Responsibilities
The Holistic Marketing Concept
· Internal Marketing
· Integrated Marketing
· Performance Marketing
· Relationship Marketing
The Holistic Marketing Dimensions
Products & Channels
Senior services
Marketing management Other
department departments Communications Price

Internal Integrated
marketing marketing

Holistic
marketin
g

Sales revenue
Performance Relationship
Brand & marketing marketing
Customer equity

Ethics Customers
Social Financial community
Environment Legal Employees Partners
Performance Marketing
 Financial  Social Initiatives
Accountability  Corporate social
 Social Responsibility marketing
Marketing  Cause marketing
 Corporate
philanthropy
 Corporate community
involvement
 Socially responsible
business practices
The Evolution of Marketing Management

Modern
Marketing Marketing
Mix Management
Four Ps Four Ps
Product People
Place Processes
Promotion Programs
Price Performance
The New Marketing Realities

Three Major Two Key Four


Market Forces Market Outcomes Fundamental Pillars of
Holistic Marketing

Relationship
Technology Marketing

New
Consumer
Capabilities Integrated
Marketing

Globalization
Internal
Marketing

New
Consumer Performance
Social
Capabilities Marketing
Responsibility

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