Marketing Management

 Chapter 1 - 2

What is Utility?

Want – Satisfying power of a good or service.

 

Four types of Utilities:

§        Form: Conversion of raw materials and components into finished goods & services.

Ex: Mazda Car                   function: Producing

 

§        Time: Availability of goods & services when consumers want them.

Ex: DHL guaranteed of package delivery 1 day.         Function: Marketing

 

§        Place: Availability of goods & services at convenient locations.

Ex: Vending machines in office buildings.     Function: Marketing

 

§        Ownership: Ability to transfer title to good & service from marketer to buyer.

Ex: Retail Sales                  Function: Marketing

 

What is marketing?

The process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organization goals.

 

Four Eras of Marketing:

§        Production Era: Ürün üretimi safhasıdır. İyi bir ürün ürettiğiniz takdirde kendi başına satacaktir.

 

§        Sales Era: Satış safhasıdır. İyi reklam ve kişisel satış müşterinin direncini kırar ve onları ürünü almaları için ikna eder.

 

§        Marketing Era: Pazarlama safhasıdır. Müşteri bizim için altın değerindedir. Onların ihtiyaçlarını bulmak ve boşlukları doldurmak için hareket etmek gerek.

 

§        Societal Era: Toplumu ve çevreyi dikkate almamız gereken safhadır. Örneğin bazı insanlar ürün denemelerinde hayvanların kullanılmasına karşıdır.

 

Marketing Concept:

            Companywide consumer orientation with the objective of achieving long-run success. Bir şirket devamlılığını korumak için uzun süreli başarıyı sağlamak için companywide consumer orientation gerekir. Bu bize daha yüksek ve uzun süreli profit getirir ve bunu başardıktan sonar kısa süreli hedeflerimize daha çabuk ulaşırız.

 

Consumer Orientation:

            Business philosophy that incorporates the marketing concept of first identifying unmet consumer needs and then designing a system for satisfying them.

 

Seller’s Market: Marketplace characterized by a shortage of goods and services. Markette az satıcı var ve fiyatları yüksek tutabilirler.

 

Buyer’s Market: Marketplace characterized by an abundance of goods and/or services. Markette çok satıcı var ve rekabet olunca fiyatlar da düşer. Bu da müşterilerin işine gelir.

 

Converting Needs to Wants: Her müşteri bazı ürünleri ihtiyaclari doğrultusunda temin etmek zorundadır. Örneğin aç kalmaması için yiyecek alması veya biryere gitmesi için ulaşım sağlaması gerekir. Yemek yiyecek olanlar restorana da gidebilir veya malzeme alıp evdede hazırlayabilir. Veya ulaşım sağlayacak olanlar araba da satın alabilir veya araba kiralayabilir toplu ulaşımı da kullanabilir. Marketing de en önemli unsurlardan biri kişilerin ihtiyaclarını isteğe dönüştürmektir.

 

Avoiding Marketing Myopia:

Marketing myopia:  As the Theodor Lewith, Executives in many industries fail to recognize the scopes of their businesses.

Types of Not For Profit Marketing:

§        Person Marketing: Marketing efforts designed to cultivate the attention, interest and preference of a target market toward a person.

Ex: Celebrities, Politicians. Shaquille O’Neile, Boris Yeltsin.

 

§        Place Marketing: Marketing efforts designed to attract visitors to a particular area; improve consumer images of a city, nation.

Ex: Spain à a passion for life.

 

§        Cause Marketing: Identification and marketing of a social issue, cause, or idea to selected target markets.

Ex:  “Friends don’t let friends drive drunk.”, “Don’t rubbish Australia”

 

§        Event Marketing: Marketing of sporting, cultural and charitable activities to selected target markets.

Ex: 1996 Olympic games in Atlanta

 

§        Organizational Marketing: Marketing efforts of mutual-benefit organizations, service organizations and government organizations that seek to influence others to accept their goals, receive their services, or contribute to them in some way.

Ex: “Look for the union label.”, “Army: Be All That You Can Be.”

 

Elements of Marketing Strategy:

 

§        Target Market: Group of people toward whom a firm markets its goods, services, or ideas with a strategy designed to satisfy their specific needs and preferences.

 

§        The Marketing Mix:

o        Product Strategy: Element of marketing decision making comprising activities involved in developing the right good or services for the firm’s customers; involves package designs, brands, trademarks, warranties, product life cycles and new product development.

o        Pricing Strategy: Element of marketing decision making comprising methods of setting profitable and justifiable prices.

o        Distribution Strategy: Element of marketing decision making comprising activities and marketing institutions involved in getting the right good or service to the firm’s customers.

o        Promotional Strategy: Element of marketing decision making that involves appropriate blending of personal selling, advertising, public relation and sales promotion to communicate effectively with and to persuade potential customers.

 

§        The Promotion Mix:

o        Advertising:

o        Personal Selling:

o        Public Relation:

o        Sales Promotion:

 

Quality and Customer Satisfaction:

            Consumers in developing markets are just as interested in quality, performance and customer satisfaction. We have to produce quality products to satisfy them. These concepts are very close related to each other. I we produce quality product, customers will be satisfied. Then they will buy more or recommend our products to their friends and we create positive image and make more profit.

 

Chapter 3

External Environmental Forces

 

A.     Competitive Environment: There are a lot of products and its producers and sellers in the marketplace.  These products can be substitute for one another. Marketers’ competing for the consumer’s purchasing power.

 

Ex: Dark & Blue Rent a Car.

·        Direct competitors: Oscar Rent a car, Baspinar Rent a car, Sun rent a car.

·        Indirect competitors: Toros, Çangar, Taxi, bus.

 

B.     Political – Legal Environment: Component of marketing environment consisting of laws and interpretations of laws that determine the competitive conditions under which firms operate and that protect consumer rights.

 

Ex: Government Regulations, Government Regulatory Agencies, Other regulatory forces.

 

C.     Economic Environment: Factors that influence consumer buying power and marketing strategies.

 

·        Business Cycles: Prosperity à Recession à Depression à recovery

 

·        Inflation: It is the devaluation of person’s money. Purchasing power decreasing.

 

·        Unemployment: People need money to purchase good & services. If they don’t have enough money, they can’t afford goods and services.

 

·        Resource Availability: Resources are not unlimited. But sometimes temporary or permanent shortages can be caused by several factors. People want to find products which are necessary by them.

 

·        Income: Its important factor in marketing because it influences consumer buying power.

 

D.    Technological Environment: Applications to marketing of knowledge based on discoveries in science, inventions, and innovations. We have to apply new technology in our business. Technology can also help marketers make decisions that will increase productivity and operating efficiency.

 

E.  Social Cultural Environment: Component of the marketing environment consisting of the relationship between the marketer, society and its culture. Marketers must be sensitive to society’s changing values, beliefs and shifts in demographics such as population growth and age distribution changes.

Chapter 5-6     Chapter 9-10

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