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Overview of SessionOverview of Session Marketing - what and whyMarketing - what and why
• What is Marketing?What is Marketing?• Why study Marketing?Why study Marketing?• Marketing PhilosophiesMarketing Philosophies• Trends in MarketingTrends in Marketing
The Marketing EnvironmentThe Marketing Environment• Micro-environmentMicro-environment• Macro-environmentMacro-environment• Managing the EnvironmentManaging the Environment
What is Marketing?What is Marketing?
What is Marketing?What is Marketing?
Marketing is the social and managerial Marketing is the social and managerial process by which individuals and process by which individuals and groups obtain what they need and want groups obtain what they need and want through creating and exchanging through creating and exchanging products and value with others. (Kotler products and value with others. (Kotler and Armstrong)and Armstrong)
What is Marketing?What is Marketing?
Marketing is the process of planning Marketing is the process of planning and executing the conception, pricing, and executing the conception, pricing, promotion, and distribution of ideas, promotion, and distribution of ideas, goods, and services to create goods, and services to create exchanges that satisfy individual and exchanges that satisfy individual and organizational objectives. (American organizational objectives. (American Marketing Association)Marketing Association)
Key ConceptsKey Concepts
Needs and WantsNeeds and Wants The “product”The “product” Customer satisfactionCustomer satisfaction ExchangeExchange MarketplaceMarketplace
Why Study Marketing?Why Study Marketing?• Marketing is omni-presentMarketing is omni-present
• Gain insight into cultureGain insight into culture• Be smart consumerBe smart consumer• Market oneself effectivelyMarket oneself effectively
• Marketing accounts for more than 50 cents of Marketing accounts for more than 50 cents of consumer dollar consumer dollar
• A well marketed product may outperform a A well marketed product may outperform a technologically better, poorly marketed onetechnologically better, poorly marketed one
• Good career opportunitiesGood career opportunities• FunFun
Marketing is OmnipresentMarketing is Omnipresent
The real thingThe real thing The friendly skiesThe friendly skies 99 9/10 pure99 9/10 pure Ring around the collarRing around the collar Ultimate driving machineUltimate driving machine Quality is job # 1Quality is job # 1 King of popKing of pop
How Would You Market How Would You Market Yourself?Yourself?
Production ConceptProduction Concept
Product ConceptProduct Concept
Selling ConceptSelling Concept
Marketing ConceptMarketing Concept
Societal Marketing ConceptSocietal Marketing Concept
Two Marketing Vision ProblemsTwo Marketing Vision Problems
Marketing MyopiaMarketing Myopia
Fuzzy VisionFuzzy Vision
Marketing Vision ProblemsMarketing Vision Problems
TelephoneTelephone
AirlineAirline
PetroleumPetroleum
InternetInternet
CommunicationsCommunications
TransportationTransportation
EnergyEnergy
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Environmental ForcesEnvironmental Forces
Micro-environmental forcesMicro-environmental forces
Macro-environmental forcesMacro-environmental forces• demographicdemographic• economiceconomic• naturalnatural• politicalpolitical• technologicaltechnological• culturalcultural
Managing the EnvironmentManaging the Environment
Environmental scanning Environmental scanning • ““Eternal vigilance is the price of liberty.”Eternal vigilance is the price of liberty.”
Proactive strategiesProactive strategies Reactive strategiesReactive strategies
Pick the odd one outPick the odd one out
EscalatorEscalator KeroseneKerosene Yo-yoYo-yo LinoleumLinoleum CornflakesCornflakes NylonNylon TrampolineTrampoline XeroxXerox
Trends in MarketingTrends in Marketing
Globalization of MarketsGlobalization of Markets
Diversification of Market Segments and Diversification of Market Segments and the Customizing of Productsthe Customizing of Products
Choice in Media and Advertising Choice in Media and Advertising ExposureExposure
What We Discussed TodayWhat We Discussed Today
Marketing - what and whyMarketing - what and why• What is Marketing?What is Marketing?• Why study Marketing?Why study Marketing?• Marketing PhilosophiesMarketing Philosophies• Trends in MarketingTrends in Marketing
The Marketing EnvironmentThe Marketing Environment• MicroenvironmentMicroenvironment• MacroenvironmentMacroenvironment• Managing the EnvironmentManaging the Environment