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TRANSCRIPT
Chapter 1
Defining Marketing
for the New Realities
Copyright © 2016 Pearson Educa&on Ltd. 1-‐2
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?
Copyright © 2016 Pearson Education Ltd. 1-3
Defini&ons
1935 The performance of business ac&vi&es that direct the flow of goods and services from producers to consumers
1985 The process of planning and execu&ng the concep&on, pricing, promo&on, and distribu&on of ideas, goods and services to create exchanges that sa&sfy individual and organiza&onal objec&ves
2004 An organiza&onal func&on and set of processes for crea&ng, communica&ng and delivering value to customers and for managing customer rela&onships in ways that benefit the organiza&on and stakeholders
2007 Marke&ng is the ac&vity, set of ins&tu&ons, and processes for crea&ng, communica&ng, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
05/10/15 Wilkie and Moore (2006); Lib (2007) 4
Marketing is about identifying and meeting human and social needs
Marketing Management
• The art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value
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Copyright © 2016 Pearson Education Ltd. 1-5
What is Marketed? • Goods
• Services
• Properties
• Experiences
• Persons
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Oprah Winfrey: talk show veteran
• Places
• Organizations
• Information
• Events
• Ideas
– Product and services are platforms for delivering
some idea or benefit
What is Marketed?
Expo 2015
Marke&ng at the University • The first course of marke&ng was taught by Dr. E.D. Jones in 1902, at the University of Michigan (Maynard, 1941), but the &tle was “The Distribu&ve and Regula&ve Industries of the US” (Bartels, 1951)
• The first course of “Marke&ng” was taught by Ralph Starr Butler at the University of Wisconsin in 1911.
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The origins • Ini&ally the discipline of marke&ng was dominated by an
“applied economics” approach, where great afen&on was given to the empirism and the observa&on of the produc&on and distribu&on processes of tangible goods.
• At the beginning of the XX century the scien&fic debate deepen and move towards the formula&on of the first scien&fic theories on “sales management” – Taylor (1911/1998) – “From the art of salesmanship into a science of selling” (Strong and D’Amico, 1991)
• From the ’50s the importance of the analysis of customer needs arises.
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The origin of marke&ng
05/10/15 Elaborated from Jones and Richardson (2007:18) 10
Business orienta&on shijs from product to market
The evolu&on of Marke&ng
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Source: hfp://forbesindia.com/ar&cle/ckgsb/the-‐thinker-‐interview-‐with-‐philip-‐kotler-‐the-‐father-‐of-‐marke&ng/36951/0
Oil shock-‐driven stagfla&on
Low-‐demand period
The evolu&on of Marke&ng
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Source: hfp://forbesindia.com/ar&cle/ckgsb/the-‐thinker-‐interview-‐with-‐philip-‐kotler-‐the-‐father-‐of-‐marke&ng/36951/0
Marke&ng 1.0 Marke&ng 2.0
From tac&cal to strategic marke&ng!
From the ‘80s STP preceeds
4Ps
The evolu&on of Marke&ng
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Source: hfp://forbesindia.com/ar&cle/ckgsb/the-‐thinker-‐interview-‐with-‐philip-‐kotler-‐the-‐father-‐of-‐marke&ng/36951/0
1989
1989 is a &pping year
for globaliza&on
Network compu&ng shortens distances
The rise of the network society
The evolu&on of Marke&ng
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Source: hfp://forbesindia.com/ar&cle/ckgsb/the-‐thinker-‐interview-‐with-‐philip-‐kotler-‐the-‐father-‐of-‐marke&ng/36951/0
2007-‐2009
Financial bubble
“buy now, pay later” is over
low-‐trust environment
Consumers believe one another more
than they believe in companies.
Key issues for marketers • Technology
– Internet and mobile – E-‐commerce – Social network and blogs
àBIG DATA • Globaliza&on
– Interna&onal trade – FDI (foreign direct investments)
– Global outsourcing, global supply chain
– Re-‐shoring àTHE WORLD IS FLAT
• Social responsibility – ethical – environmental – legal – Social
!WELL BEING
Key issues for marketers • Technology
– Internet and mobile – E-‐commerce – Social network and blogs
àBIG DATA • Globaliza&on
– Interna&onal trade – FDI (foreign direct investments)
– Global outsourcing, global supply chain
– Re-‐shoring àTHE WORLD IS FLAT
• Social responsibility – ethical – environmental – legal – Social
!WELL BEING
Green innova&on Plamorms
Compe&&veness
What’s next?
05/10/15 Listen to Philip Kotler at hfps://www.youtube.com/watch?v=FYAYwUmvSmk 17
Value-‐driven marke&ng!
References • Bartels R. (1951) “Influences in the development of marke&ng thought, 1900-‐1923”, Journal of
Marke&ng, 16(1):1-‐17. • Jones D.G.B. and Rchardson A.J. (2007) “The myth of the marke&ng revolu&on”, Journal of
Macromarke&ng, 27 (1): 15-‐24 • Handy C. (1997) “Finding Sense in Uncertainty” in Rowan Gibson, Rethinking the Future: Rethinking
Business, Principles, Compe88on, Control and Complexity, Leadership, Markets, and the World. London: Nicholas Brealey Publishing.
• Kotler P., Kartajaya H., Se&awan I. (2010) marke&ng 3.0, Wiley&Sons, Hoboken, NJ. • Lib A. (2007) “Defini&on of marke&ng, ELMAR: Electronic Marke&ng, 24 December. • Maynard H.H. (1941) “Early teachers of marke&ng”, Journal of Marke&ng, 7(2): 158-‐9. • Strong J.T. and D’Amico M.F. (1991) “American sales management prac&ce and thought:
Development to World War II”, available at: hfp://faculty.quinnipiac.edu/charm/CHARM%20proceedings/CHARM%20ar&cle%20archive%20pdf%20format/Volume%205%201991/227%20strong%20d'Amico.pdf
• Taylor F.W. (1911/1998) The Principles of Scien&fic Management, Mineola: Dover Publica&ons. • Wilkie W.L. and Moore, E.S. (2006) “Macromarke&ng as a pillar of marke&ng thought”, Journal of
Marke&ng, 26 (2): 224-‐32.
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