Perspective
Marketing:
Managing Profitable Customer Relationships
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© 2012 Principles of Marketing: An Asian Perspective
Chapter 1 Outline (CILO a)
1.1
1.2
Understanding the Marketplace and Customer Needs
1.3
Designing a Customer-Driven Marketing Strategy
1.4
Preparing an Integrated Marketing Plan and Program
1.5
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What is Marketing?
Capturing Value from Customers
© 2012 Principles of Marketing: An Asian Perspective
1.1
What is Marketing?
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© 2012 Principles of Marketing: An Asian Perspective
What is Marketing?
Defining Marketing
Marketing is a process by which companies create value for customers and build strong customer relationships to capture value from customers in return.
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© 2012 Principles of Marketing: An Asian Perspective
What is Marketing?
The Scope of Marketing
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Marketing is not restricted to profit-making organizations.
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Non-profits (colleges, hospitals, churches, etc.) must also perform marketing. •
Marketing must both attract new customers and build relationships with current customers.
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Most people think of marketing as selling and/or advertising.
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Its focus is really on satisfying customer needs.
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© 2012 Principles of Marketing: An Asian Perspective
1.1 What is Marketing?
Marketing is all around you… What do you see?
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© 2012 Principles of Marketing: An Asian Perspective
What is Marketing?
Marketing is about delivering superior value… Nintendo’s Wii surged ahead of competition by delivering superior value and customer satisfaction with its interactive games.
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© 2012 Principles of Marketing: An Asian Perspective
1.1 What is Marketing?
The Marketing Process
A Simple Model of the Marketing Process
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© 2012 Principles of Marketing: An Asian Perspective
1.2
Understanding the Marketplace and Customer Needs
10 © 2012 Principles of Marketing: An Asian Perspective