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![Page 1: Slides Chapter 1.ppt - business-files.unl.edu · • What are the tasks necessary for successful marketing management? What is Marketing? Marketing is an organizational function and](https://reader030.vdocuments.site/reader030/viewer/2022040707/5e0919b9277d123ce70c701f/html5/thumbnails/1.jpg)
Chapter Questions
• Why is marketing important?• What is the scope of marketing?• What are some fundamental marketing
concepts?• How has marketing management
changed?• What are the tasks necessary for
successful marketing management?
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What is Marketing?
Marketing is an organizational functionand 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.
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What is Marketing Management?
Marketing management is theart and science
of choosing target markets and getting, keeping, and growing
customers throughcreating, delivering, and communicating
superior customer value.
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What is Marketed?
Goods
Services
Events & Experiences
Persons
Places & Properties
Organizations
Information
Ideas
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Figure 1.1 Structure of Flows in a Modern Exchange Economy
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Figure 1.2 A Simple Marketing System
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Functions of CMOs
• Strengthening the brands• Measuring marketing effectiveness• Driving new product development
based on customer needs• Gathering meaningful customer insights• Utilizing new marketing technology
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Core Marketing Concepts
• Needs, wants, and demands
• Target markets, positioning, segmentation
• Offerings and brands
• Value and satisfaction
• Marketing channels• Supply chain• Competition• Marketing
environment
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I want it, I need it…
Five Types of Needs
• Stated needs• Real needs• Unstated needs• Delight needs• Secret needs
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Demand States
Nonexistent Latent
Declining Irregular
Full UnwholesomeOverfull
Negative
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Core Marketing Concepts
• Needs, wants, and demands
• Target markets, positioning, segmentation
• Offerings and brands
• Value and satisfaction
• Marketing channels• Supply chain• Competition• Marketing
environment
![Page 12: Slides Chapter 1.ppt - business-files.unl.edu · • What are the tasks necessary for successful marketing management? What is Marketing? Marketing is an organizational function and](https://reader030.vdocuments.site/reader030/viewer/2022040707/5e0919b9277d123ce70c701f/html5/thumbnails/12.jpg)
The marketplace isn’t what it used to be…
Information technology
Globalization
Deregulation
Privatization
Competition
Convergence
Consumer resistance
Retail transformation
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New Consumer Capabilities
• A substantial increase in buying power• A greater variety of available goods and
services• A great amount of information about
practically anything• Greater ease in interacting and placing and
receiving orders• An ability to compare notes on products and
services• An amplified voice to influence public opinion
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Figure 1.3 Holistic Marketing Dimensions
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Marketing Management Tasks
• Develop market strategies and plans• Capture marketing insights• Connect with customers• Build strong brands• Shape market offerings• Deliver value• Communicate value• Create long-term growth
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Figure 1.4 The Four P’s
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Performance Marketing
• Financial Accountability
• Social Responsibility Marketing
Social Initiatives• Corporate social
marketing• Cause marketing• Corporate philanthropy• Corporate community
involvement• Socially responsible
business practices