Principles of Marketing: An Asian Perspective Marketing: Managing Profitable Customer Relationships 2 © 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 3 What is Marketing? Capturing Value from Customers © 2012 Principles of Marketing: An Asian Perspective
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1 Learning issues for Chapter One: 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? 2 What is Marketing? The American Marketing Association: “Marketing is an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships
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Marketing Philosophy Literature review on marketing phylosophy and modeling Efforts of reviewing and modelling marketing elements‚ concepts and philosophical attitudes were numerous and effective. But with new challenges causing hurdles in making marketing function more effective on macro- and micro- level of the economy‚ a revision of marketing philosophy is always at place. Elements of marketing philosophy Dibb and Simkin (2004) | Lancaster and Reynolds (2005) | Blythe (2005) | Drummond and
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Explanation of what a marketing audit is: The purpose of a marketing audit is to review and appraise existing marketing activities and to look at the way the marketing is planned and managed‚ giving the opportunity for a systematic examination of each element of the organisations current marketing activity and achievements‚ and to objectively evaluate the effectiveness of the organisations investment in marketing. The marketing audit assists in the evaluation of the whole marketing activity‚ and provides
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MARKETING MANAGEMENT Chapter 1 Defining Marketing for the 21st Century Five basic markets & their connecting flows Figure 1.1 Marketing Management - An Asian © Kotler‚ Keller‚ Ang‚ of Perspective Structure Leong & Flows in a Modern Exchange Economy Tan 4th Edition International Executive MBA PGSM Page I.01 MARKETING MANAGEMENT Figure 1.2 A Simple Marketing System © Kotler‚ Keller‚ Ang‚ Leong & Tan Marketing Management - An Asian Perspective 4th Edition
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Marketing Defined Introduction There are many definitions for Marketing. Marketing is based on an organizations need to promote their goods and/or services. After research of the definition of marketing one will find that marketing must be defined and look at individually‚ not as a whole. Marketing "Most people think that marketing is only about the advertising and/or personal selling of goods and services. Advertising and selling‚ however‚ are just two of the many marketing activities. In
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STRATEGIC MARKETING MASTER ERICK SUÁREZ DOMINGUEZ Chapter 1: An Introduction to Strategic Marketing Management The Changing Role of Marketing THE CLASSICAL YEARS (1910 -1950) l Development of new concepts and issues (e.g.‚ product differentiation‚ and issues in advertising‚ pricing and distribution) l The strategic objective: budgeting and control. Chapter 1: An Introduction to Strategic Marketing Management The Changing Role of Marketing THE MANAGERIAL YEARS (1951-69)
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Relationship marketing has become a dominant form of marketing theory in recent times. It has evolved from other forms of marketing and has countless benefits for businesses that use the relationship strategy. It is limitless in the type of businesses it can be adopted by with new technology and media making it even more popular. The study of marketing is one that has been fixed on an evolving range of marketing segments over the last fifty years or so. A look at the progress of the changing focus
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Mark Julian Santana July 12‚ 2013 Midterm Exam Marketing Automation: Utilization of Marketing Tools and Software in a Constantly Changing Marketing World to Avoid Competitive Disadvantage. According to Technopedia.com‚ “Marketing automation is the use of software and Web-based services to execute‚ manage and automate marketing tasks processes. It replaces manual repetitive marketing processes with purpose-built software and applications geared toward performance.” It’s been
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MKT 101 Principles of Marketing Assignment 1- Essay Submitted To: Ashraf U Bhuiyan Submitted By: Afif Abdul Fattah ID# 2009-3-10-069 [pic] In the modern world‚ marketers want to build a customer driven marketing strategy for creating lasting customer relationships. To do this‚ they can use one of the five marketing management philosophies- production‚ product‚ selling‚ marketing and societal marketing concept. The appropriateness of these philosophies depends on the nature of
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