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INTRODUCTION
• GROUP INTRODUCTION
• GRADE DISTRIBUTION
• COURSE REFERENCES
• TIME AND SCHEDULES
Marketing Marketing
Marketing
Management: A Management:
Management:
Strategic 15th Edition
Knowledge and
Author : J. Paul Peter
Skills, 11th Author: John Mullins
Decision-Making Philip Kotler
Author:
Edition James Donnelly ApproachOrville Walker Kevin Keller
8th Edition
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Chapter
1
Defining
Marketing
for the
New Realities
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Learning Objectives
1. Why is marketing important?
2. What is the scope of marketing?
3. What are some core marketing concepts?
4. What forces are defining the new marketing
realities?
5. What new capabilities have these forces given
consumers and companies?
6. What does a holistic marketing philosophy include?
7. What tasks are necessary for successful marketing
management?
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– Is marketing advertising?
– Is marketing selling?
– Is marketing ….?
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Peter Drucker
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• 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.
(The 2004 Definition)
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5 Types of Needs
8 Demand States
• Negative
• Nonexistent
• Latent
• Declining
• Irregular
• Unwholesome
• Full
• Overfull
COPYRIGHT © 2016 PEARSON EDUCATION, INC. 1-18
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Consumers are buying all the products that enter into the
Full
market.
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• Marketing
environment
– Task environment
– Broad environment
• Technology
• Globalization
• Social Responsibility
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PRODUCTION
PRODUCT
SELLING
MARKETING
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Relationship marketing
CUSTOMERS
EMPLOYEES
MARKETING PARTNERS
FINANCIAL
COMMUNITY
Integrated marketing
• Devise marketing activities and programs that
create, communicate, and deliver value such that
“the whole is greater than the sum of its parts.”
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Internal marketing
• The task of hiring, training, and motivating
able employees who want to serve
customers well
Performance marketing
FINANCIAL ENVIRONMENTAL
ACCOUNTABILITY IMPACT
SOCIAL IMPACT
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Price Cost
Place Convenience
Promotion Communication
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MODERN MARKETING
MANAGEMENT
PEOPLE
PROCESSES
PROGRAMS
PERFORMANCE
MARKETING
MANAGEMENT TASKS
• Developing market strategies and plans
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MARKETING
MANAGEMENT TASKS
• Creating value
• Delivering value
• Communicating value
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