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1、CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT BSP420: MARKETING MANAGEMENTChanaka Jayawardhena (01509 22) 8831 Session structure A lecture (up to an hour) Followed by a break (10-15 minutes) A case study/video presentation scenario discussion/ presentation in small groups (up to an hour) A conclu
2、ding discussion (up to 45 minutes)CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT What is marketing?nTo attract and retain customers at a profit (Drucker, 1999)nTo establish, develop and commercialise long-term customer relationships so that the objectives of the parties involved are met (Gronroos,
3、 1989)CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT Efficiency and EffectivenessIneffectiveGoes out of business quicklyDies SlowlySurvivesDoes wellThrivesEffectiveEfficientInefficient5CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 2Marketing ConceptThe achievement of corporate goals through mee
4、ting and exceeding customer needs better than the competitionThe Marketing ConceptCustomer orientationCorporate activities are focused upon providing customer satisfactionIntegrated effortAll staff accept the responsibility for creating customer satisfactionGoal achievementThe belief that corporate
5、goals can be achieved through customer satisfactionMarketing conceptThe achievement of corporate goals through meeting and exceeding customer needs better than the competitionCustomer orientationCorporate activities are focused upon providing customer satisfactionIntegrated effortAll staff accept th
6、e responsibility for creating customer satisfactionGoal achievementThe belief that corporate goals can be achieved through customer satisfactionCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 3Production OrientationCustomersProduction capabilitiesManufacture productAggressive sales effortCHANAKA JA
7、YAWARDHENABSP 022 MARKETING MANAGEMENT 4Marketing OrientationCustomer needsPotential market opportunitiesMarketing products and servicesCustomersCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT MarketingOrientationIntegrated customer focusLong run profitsthrough customersatisfactionSalesOrientationP
8、ush! Push!Sell! Sell!by promotionShort term gains in profit via sales increasesEvolution of theMarketing ConceptProductionOrientationProduction & assembly line refinementProfits throughproduction controls6CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 7Market-driven ManagementShared values and
9、 beliefsCustomer focusMarket-led strategyStructure and systemsImplementationMarket intelligenceShared values and beliefscustomer firstMarket intelligenceSkills in understanding and responding to customersStructure and systemsstructure based on strategyteam workMarket-led strategyLinking distinctive
10、competencies to market opportunitiesCompetitive advantage the driving forceImplementationpeopleincentivescommunicationspersuasionCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 8Creating Customer ValueProduct benefitsService benefitsRelational benefitsImage benefitsMonetary costsTime costsEnergy co
11、stsPsychological costsCustomer valuePerceived benefitsPerceived sacrificePositiveNegativeCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 9Creating Customer SatisfactionDelightNeutralDissatisfactionAbsentFulfilledPresence of the characteristicCustomer satisfactionDelightersMore is betterMust beCHANA
12、KA JAYAWARDHENABSP 022 MARKETING MANAGEMENT Brittany FerriesBrittany Ferries promote the benefit of relaxation10CHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 11An Effective Marketing MixEffective marketing mixMatches customer needsCreates a competitive advantageWell balancedMatches corporate reso
13、urcesCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 12Marketing Mix and Customer NeedsCustomer needsKey customer requirementsCompetitive advantageMarketing mixCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 13Marketing Mix and Customer NeedsCustomer needsKey customer requirementsCompetitive advantageMarketing mixPsychologicalEconomicCustomer needsPerformanceAvailabilityReliabilityDurabilityProductivitySelf-imageQuiet lifePleasureConvenienceRisk reductionCHANAKA JAYAWARDHENABSP 022 MARKETING MANAGEMENT 14Marketing Mix and Customer NeedsCustomer needsKey customer req
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