marketing (thorns to competition)
TRANSCRIPT
MARKETING“THORNS TO COMPETITION”
By
ANUSHA CHAVAN
PUBLIC RELATIONS OFFICER
FUTURE ROBO SYSTEM
MARKETING• Selling?
• Advertising?
• Promotions?
• Making products available in stores?
• Maintaining inventories?
• All of the above, plus much more!
GOODS
SERVICESEVENTSEXPERIENCES
PERSONS
PLACES
PROPERTIES
ORGANIZATIONS
INFORMATION
IDEAS
Introduction to Marketing Management
According to Philip Kotler
• Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.
5
Simple Marketing System
Industry
(a collection
of sellers)
Market
(a collection
of Buyers)
Goods/services
Money
Communication
Information
6
Marketing = ? Marketing is the sum of all activities that take you to a
sales outlet. After that sales takes over.
Marketing is all about creating a pull, sales is all about
push.
Marketing is all about managing the four P’s –
7
The 4 Ps & 4Cs
Marketing
Mix
Product
Price Promotion
Place
Customer
Solution
Customer
Cost
Communication
Convenience
THORNS TO COMPETITIONBy Arindam Chaudhuri & Rajita Chaudhuri
ARINDAM CHAUDHURI
• An Indian economist, author and the director of IIPM Think Tank at Indian Institute of Planning and Management.(IIPM)
• National Awards.
• Rok Sako To Rok Lo
• Sanjhbatir Rupkathara
• Do Dooni Chaar.
Rajita Chaudhuri
• Dean at the Centre for Undergraduate studies at IIPM( integrated course in planning and entrepreneurship).
• Her expertise lies in expert knowledge in management strategy and business professionalism.
What this book is really about…
• This book is an irrelevant look at the COMPETING and WINNING at the market place.
• This book has a set of examples of huge brands fighting it out to get the #1 place in the market.
T-H-O-R-N-S
T-Target It Right• Success - right market
• Be aggressive- logical advertisement .
• Precise targeting has to keep cultures , values and religions in mind.
• Segment- Trend
H-HIT WHERE IT HURTS(THE COMPETITION)
• Comparative Advertising – The competitor’s weakness should be your biggest strength.
• “EXPENSIVE BAS***DS”!!.. British Airways–Ryanair
O-OBSESS
• No success without risk.
• Targeted audience be obsessed with the product.
• BRAND LOYALTY.
R-Reinvent it(The Product)
• “A great product means nothing. Reinventing it according to the market is the key”
• Did you know: 47% of the market PIONEERS fail.
• KEY: changing and reinventing branding strategies.
N-Nail it(The Message)
• Excellent Product- find a corner in the people’s mind, the product won’t find a long term success.
• REACH-> “CONNECT”.
S-Sell it(Ethically)
• A great sales is the driving force.
• Selling-High pressure.
• Unethical
• T-Target it right
• H-Hit where it hurts
• O-Obsess about them
• R-Reinvent it
• N-Nail itThese are the six tactics that Mr and Mrs.Chaudhuri
have devised that according to them are the mantra for SUCCESS.
Conclusion
THANK
YOU