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PowerPoint by

Milton M. Pressley
Creative Assistance by
D. Carter and S. Koger
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Copyright © 2003 Prentice-Hall, Inc.
Chapter 1
Defining Marketing for the
21st Century
by

PowerPoint by
Milton M. Pressley
University of New Orleans
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Copyright © 2003 Prentice-Hall, Inc.
Chapter Objectives
 In this chapter we will address the following
questions:
 What are the major concepts and tools of
marketing?
 What orientations do companies exhibit in the
marketplace?

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Copyright © 2003 Prentice-Hall, Inc.
The Scope of Marketing
 Marketing: typically seen as the
task of creating, promoting, and
delivering goods and services to
consumers and businesses.

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Copyright © 2003 Prentice-Hall, Inc.
The Scope of Marketing
 Places  Goods
 Properties  Services
 Organizations  Experiences
 Information  Events
 Ideas  Persons

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Copyright © 2003 Prentice-Hall, Inc.
Types of Markets
 Consumer Markets
 Business Markets
 Global Markets
 Nonprofit and
Governmental Markets

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Copyright © 2003 Prentice-Hall, Inc.
Marketing Concepts
and Tools
 Defining Marketing
 Marketing
 Marketing management
 Core Marketing Concepts
 Segmentation, Target Markets, &
Positioning (STP of marketing)

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Copyright © 2003 Prentice-Hall, Inc.
Figure 1-1: A Simple Marketing System

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Copyright © 2003 Prentice-Hall, Inc.
Marketing Concepts
and Tools
 Marketplace,
Marketspace,
and
Metamarket

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Copyright © 2003 Prentice-Hall, Inc.
Marketing Concepts
and Tools
 Marketers and Prospects
 Needs, Wants, and Demands
 Product, Offering, and Brand
 Value and Satisfaction
 Value
Value = Benefits / Costs =
(Functional benefits + Emotional benefits) /
(Monetary costs + Time costs + Energy costs +
Psychic costs)

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Copyright © 2003 Prentice-Hall, Inc.
Marketing Concepts
and Tools
 Relationships and Networks
 Relationship marketing
 Marketing network
 Marketing Channels
 Supply Chain
 Competition

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Copyright © 2003 Prentice-Hall, Inc.
Marketing Concepts
and Tools
 Brand competition
 Industry competition
 Form competition
 Generic competition
 Marketing environment
 Task environment
 Broad environment
 Marketing Program
 Marketing program
 Marketing mix
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Copyright © 2003 Prentice-Hall, Inc.
Figure 1-5:
The Four P
Components
of the
Marketing Mix

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Copyright © 2003 Prentice-Hall, Inc.
Company Orientations
Toward the Marketplace
 Production Concept
 Product concept
 Selling Concept
 Marketing Concept
 Societal Marketing Concept

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Copyright © 2003 Prentice-Hall, Inc.
Figure 1-7: Contrasts Between the Sales Concept
and the Marketing Concept

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Copyright © 2003 Prentice-Hall, Inc.
Company Orientations
Toward the Marketplace
 Target Market
 Customer Needs
 Integrated Marketing
 External marketing
 Internal marketing
 Profitability

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Copyright © 2003 Prentice-Hall, Inc.
Figure 1-8: Traditional Organizational Chart
versus Modern Customer-Oriented Company
Organization Chart

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Copyright © 2003 Prentice-Hall, Inc.
Company Orientations
Toward the Marketplace
 Societal Marketing Concept

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Copyright © 2003 Prentice-Hall, Inc.

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