Documente Academic
Documente Profesional
Documente Cultură
Principles of
Marketing
Lecture-4
Summary
of
Lecture-3
Information Buying
Marketing
Functions
Financing Transporting
Standardizing
and Grading
Storing
Demarketing
KEY
MARKETING
PHILOSOPHIES
MARKETING
MARKETING
PRODUCTION CONCEPT
CONCEPT
CONCEPT
SELLING
CONCEPT
The Production Concept
Societal
Societal
Marketing
Marketing
Concept
Concept
Consumers
Consumers Company
Company
(Satisfaction)
(Satisfaction) (Profits)
(Profits)
Relationship Era
Relationship marketing: development and
maintenance of long-term, cost-effective exchange
relationships with individual customers, suppliers,
employees, and other partners for mutual benefit.
Strategic alliances: partnerships with vendors and
retailers play major roles in relationship marketing.4
Relationship Marketing
Effective relationship marketing relies heavily on
information technologies such as computer databases
that record customers’ tastes, price preferences, and
lifestyles along with the increase of electronic
communications. Some examples are frequent buyer
clubs/cards.)
Marketing Management
Customer Management:
– Marketers select customers that can be served well
and profitably.
Demand Management:
– Marketers must deal with different demand states
ranging from no demand to too much demand.
Evolving Views of Marketing’s
Role
Finance
Production
Production Finance
Human
resources
Marketing Human
resources Marketing
Fi
u
na
o d
r
n
P
ce
Marketing Customer
re
Hu ur
ce M
ur an
ar
so
s
n
ma ces
ce
a ke
so m
in tin
re Hu
F
n
Marketing
Customer
re
Hu ur
so
ma ces
ce
n
n
na
Fi
KEY
MARKETING
PHILOSOPHIES
MARKETING
MARKETING
PRODUCTION CONCEPT
CONCEPT
CONCEPT
SELLING
CONCEPT
Society
Society
(Human
(Human Welfare)
Welfare)
Societal
Societal
Marketing
Marketing
Concept
Concept
Consumers
Consumers Company
Company
(Satisfaction)
(Satisfaction) (Profits)
(Profits)
Production
Marketing
Customer
re
Hu ur
so
ma ces
ce
n
n
na
Fi