kotler mm15e inppt 01
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Learning ObjectivesLearning Objectives1.
Why is marketing important?2. What is the scope of marketing?
3. What are some core marketing concepts?
4. What forces are de ning the new marketing
realities?5. What new capabilities have these forces given
cons mers and companies?
!. What does a holistic marketing philosophy incl de?
". What tasks are necessary for s ccessf l marketingmanagement?
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#he $al e of %arketing #he $al e of %arketing
• &inancial s ccess often depends onmarketing ability
• ' ccessf l marketing b ilds demand forprod cts and services( which( in t rn(creates )obs
• %arketing b ilds strong brands and a loyal
c stomer base( intangible assets thatcontrib te heavily to the val e of a rm
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#he 'cope of %arketing #he 'cope of %arketing
• Marketing is abo t identifying andmeeting h man and social needs
• *%*+s formal de nition, Marketing is theactivity, set of institutions, and processesfor creating, communicating, delivering,and exchanging o erings that have value
for customers, clients, partners, andsociety at large
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%arketing %anagement%arketing %anagement
• #he art and science of choosingtarget markets and getting( keeping(and growing c stomers thro ghcreating( delivering( andcomm nicating s perior c stomerval e
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• /laces• /roperties
• rgani=ations
• nformation
• deas
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What is %arketed?What is %arketed?
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Who %arkets?Who %arkets?
• * marketer is someone who seeks aresponse>attention( a p rchase( a
vote( a donation>from anotherparty( called the prospect
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9emand 'tates 9emand 'tates• 8egative• 8one
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&ig. 1.1&ig. 1.1'tr ct re f &lows n * %odern'tr ct re f &lows n * %odern
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&ig. 1.2&ig. 1.2* 'imple %arketing 'ystem* 'imple %arketing 'ystem
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Bey - stomer %arketsBey - stomer %arkets• -ons mer markets• C siness markets• lobal markets
• 8onpro t D governmental markets
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-ore %arketing -oncepts-ore %arketing -oncepts• Needs , the basic h man
reE irements s ch as for air( food(water( clothing( and shelter
• Wants , speci c ob)ects that mightsatisfy the need
• Demands , wants for speci cprod cts backed by an ability to pay
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#ypes of 8eeds #ypes of 8eeds
#$%$E&
'E%(
)*#$%$E&
&E(I+ $
#EC'E$
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• #arget markets
• /ositioning
•'egmentation
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-ore %arketing -oncepts-ore %arketing -oncepts
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• Value proposition , a set of bene tsthat satisfy those needs
• O erings , a combination of prod cts(services( information( and e
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• %arketing channels
C )*IC%$I *
&I#$'I/)$I *
#E' ICE
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-ore %arketing -oncepts-ore %arketing -oncepts
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• /aid media, #$( maga=ine and displayads( paid search( and sponsorships
• wned media, a company or brandbroch re( web site( blog( facebookpage( or twitter acco nt
• 7arned media, word of mo th( b ==(or viral marketing
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-ore %arketing -oncepts-ore %arketing -oncepts
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• "mpressions , occ r whencons mers view a comm nication
• #ngagement , the e
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• Value , a combination of E ality(service( and price G qsp , the c stomerval e triadH
• $atis action , a person+s ) dgmentof a prod ct+s perceived performancein relationship to e
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• $uppl% chain , a channel stretching from rawmaterials to components to nished prod ctscarried to nal b yers G&ig 1.3, #he ' pply -hain for-oFeeH
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-ore %arketing -oncepts-ore %arketing -oncepts
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• Competition , all the act al andpotential rival oFerings ands bstit tes a b yer might consider
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-ore %arketing -oncepts-ore %arketing -oncepts
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• Marketingen&ironment
$as en iron ent
/road en iron ent
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-ore %arketing -oncepts-ore %arketing -oncepts
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#he 8ew %arketing ealities #he 8ew %arketing ealities
• #echnology
• lobali=ation
• 'ocialresponsibility
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* dramatically changed* dramatically changedmarketplacemarketplace
• 8ew cons mer capabilities
Can use the internet as a po er u7 in or ation
and purchasing aid
Can search, co unicate, and purchase onthe o e
Can tap into socia7 edia to share opinionsand e8press 7oya7ty
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• 8ew cons mercapabilities
Can acti e7y interactith co panies
Can re9ect ar etingthey ind inappropriate
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* dramatically changed* dramatically changedmarketplacemarketplace
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• 8ew company capabilities
Can use the internet as a po er u7 in or ation andsa7es channe7, inc7uding or indi idua77y di erentiatedgoods
Can co77ect u77er and richer in or ation a:outar ets, custo ers, prospects, and co petitors
Can reach custo ers ;uic 7y and e icient7y ia socia7edia and o:i7e ar eting, sending targeted ads,
coupons, and in or ation
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* dramatically changed* dramatically changedmarketplacemarketplace
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• 8ew company capabilities
Can i pro e purchasing, recruiting, training, andinterna7 and e8terna7 co unications
Can i pro e cost e iciency
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* dramatically changed* dramatically changedmarketplacemarketplace
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• -hangingchannels
'etai7trans or ation
&isinter ediation
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* dramatically changed* dramatically changedmarketplacemarketplace
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• eightened competition
Pri ate :rands
ega-:rands
&eregu7ation
Pri ati
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%arketing in practice%arketing in practice
• %arketing balance
• %arketing acco ntability
• %arketing in the organi=ation
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-ompany rientation toward-ompany rientation towardthe %arketplacethe %arketplace
P' &)C$I *
P' &)C$
#E((I*+
%'=E$I*+
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&ig. 1.4&ig. 1.4
olistic %arketing 9imensionsolistic %arketing 9imensions
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elationship marketingelationship marketing
C)#$ E'#
E P( >EE#
%'=E$I*+ P%'$*E'#
?I*%*CI%( C )*I$>
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ntegrated marketingntegrated marketing
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• 9evise marketing activities and programsthat create( comm nicate( and deliver val es ch that Ithe whole is greater than the s mof its parts.J
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nternal marketingnternal marketing
• #he task of hiring( training( andmotivating able employees who wantto serve c stomers well
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/erformance marketing/erformance marketing
?I*%*CI%( %CC )*$%/I(I$>
E* I' * E*$%(I P%C$
# CI%( I P%C$
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&ig. 1.5&ig. 1.5%arketing %i< -omponents G4%arketing %i< -omponents G4
/sH/sH
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% 97 8 %* B7# 8% 97 8 %* B7# 8%*8* 7%78#%*8* 7%78#
P' CE##E#
PE P(E
P' +'% #
PE'? ' %*CE
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%* B7# 8%* B7# 8%*8* 7%78# #*'B'%*8* 7%78# #*'B'
• 9eveloping market strategies andplans
• -apt ring marketing insights
• -onnecting with c stomers
• C ilding strong brands
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%* B7# 8%* B7# 8%*8* 7%78# #*'B'%*8* 7%78# #*'B'
• -reating val e
• 9elivering val e• -omm nicating val e
• -reating s ccessf l long;term growth
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