© 2003 mcgraw-hill companies, inc., mcgraw-hill/irwin developing customer relationships and value...
TRANSCRIPT
![Page 1: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/1.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
DEVELOPING CUSTOMER
RELATIONSHIPS AND VALUE THROUGH
MARKETING
11CHAPTER
![Page 2: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/2.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Define marketing and explain the importance of (1) discovering and (2) satisfying consumer needs and wants.
• Distinguish between marketing mix elements and environmental factors.
AFTER READING THIS CHAPTERYOU SHOULD BE ABLE TO:
![Page 3: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/3.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Understand how organizations build strong customer relationships using current thinking about customer value and relationship marketing.
• Describe how today’s market orientation differs from prior eras oriented to production and selling.
AFTER READING THIS CHAPTERYOU SHOULD BE ABLE TO:
![Page 4: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/4.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Understand the meaning of ethics and social responsibility and how they relate to the individual, organizations, and society.
• Know what is required for marketing to occur and how it creates customer value and utilities for customers.
AFTER READING THIS CHAPTERYOU SHOULD BE ABLE TO:
![Page 5: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/5.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• FUSION, CORE, AND LIGHTNING! PHYSICS 101?• The Three-Century Old Innovation
• Understanding the Consumer
• What a Difference a Decade Makes
DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE
THROUGH MARKETING
![Page 6: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/6.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Rollerblade Skates, Marketing, and You
DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE
THROUGH MARKETING
![Page 7: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/7.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Being a Marketing Expert: Good News-Bad News• The Good News: You Already Have
Marketing Experience
• The Bad News: Surprises About the Obvious
WHAT IS MARKETING?
![Page 8: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/8.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Marketing: Using Exchanges to Satisfy Needs
• The Diverse Factors Influencing Marketing Activities
WHAT IS MARKETING?
![Page 9: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/9.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Requirements for Marketing to Occur• Two or More Parties with Unsatisfied Needs
• Desire and Ability to Satisfy These Needs
• A Way for the Parties to Communicate
• Something to Exchange
WHAT IS MARKETING?
![Page 10: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/10.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
1. What is marketing?
A: Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives.
![Page 11: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/11.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
2. Marketing focuses on __________ and ___________ consumer needs
Concept Check
discoveringsatisfying
![Page 12: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/12.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
3. What four factors are needed for marketing to occur?
A: (1) Two or more parties with unsatisfied needs, (2) A desire and ability on their part be satisfied, (3) A way for the parties to communicate, and (4) Something to exchange.
![Page 13: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/13.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Discovering Consumer Needs• The Challenge of Launching Winning
New Products
• Consumer Needs and Consumer Wants
HOW MARKETING DISCOVERS AND SATISFIES CONSUMER NEEDS
![Page 14: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/14.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• What a Market Is
• Satisfying Consumer Needs Target market
• The Four Ps: Controllable Marketing Mix Factors
• The Uncontrollable, Environmental Factors
HOW MARKETING DISCOVERS AND SATISFIES CONSUMER NEEDS
![Page 15: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/15.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Global Competition, Customer Value, and Customer Relationships
• Relationship Marketing and the Marketing Program• Relationship Marketing: Easy to
Understand
• Relationship Marketing: Difficult to Implement
• The Marketing Program
THE MARKETING PROGRAM: HOW CUSTOMER RELATIONSHIPS ARE BUILT
![Page 16: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/16.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• A Marketing Program for Rollerblade• Expanding the Market for Rollerblade
Skates
• Exploiting Strengths in Technology
THE MARKETING PROGRAM: HOW CUSTOMER RELATIONSHIPS ARE BUILT
![Page 17: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/17.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Staying Ahead of the Trends
THE MARKETING PROGRAM: HOW CUSTOMER RELATIONSHIPS ARE BUILT
![Page 18: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/18.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
1. An organization can’t satisfy the needs of all consumers, so it must focus on one or more subgroups, which are its ____________.target markets
Concept Check
![Page 19: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/19.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
2. What are the four marketing mix elements that make up the organization’s marketing program?
A: product, price, promotion, place
![Page 20: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/20.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
3. What are uncontrollable variables?
A: Environmental factors the organization’s marketing department can’t control. These include social, economic, technological, competitive, and regulatory forces.
![Page 21: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/21.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Evolution of Market Orientation• Production Era
• Sales Era
• The Marketing Concept Era
• The Market Orientation Era Customer relationship management
(CRM)
HOW MARKETING BECAME SO IMPORTANT
![Page 22: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/22.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• Ethics and Social Responsibility:Balancing the Interests of Different Groups• Ethics
• Social Responsibility Societal marketing concept Macromarketing Micromarketing
HOW MARKETING BECAME SO IMPORTANT
![Page 23: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/23.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
• The Breadth and Depth of Marketing• Who Markets?
• What is Marketed?
• Who Buys and Uses What is Marketed? Ultimate consumers Organizational buyers
• Who Benefits?
• How Do Consumers Benefit Utility
HOW MARKETING BECAME SO IMPORTANT
![Page 24: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/24.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
1. Like Pillsbury and General Electric, many firms have gone through four distinct orientations for their businesses: starting with the __________ era and ending with today’s ________________ era.
Concept Check
productionmarket orientation
![Page 25: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/25.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
2. What are the two key characteristics of the marketing concept?
A: An organization should (1) Strive to satisfy the needs of consumers (2) While also trying to achieve the organization’s goals.
![Page 26: © 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin DEVELOPING CUSTOMER RELATIONSHIPS AND VALUE THROUGH MARKETING 1 1 C HAPTER](https://reader030.vdocuments.net/reader030/viewer/2022032803/56649e205503460f94b0b524/html5/thumbnails/26.jpg)
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin
Concept Check
3. In this book the term product refers to what three things?
A: Goods (physical products), services, and ideas