Marketing Management 1 Week
Marketing Management 1 Week
MANAGEMENT
FİGEN ÖCAL
Nişantaşı University
PhD. FİGEN HARAVON
[email protected]
2023
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• 10.week –Communicating Value
• Marketing Mix (Marketing Communications )
• Managing Mass Communications: Advertising, Sales Promotions, Events and Experiences, and Public
Relations
• 11.week –Communicating Value
• OnlineMarketing,
• 12.week –Communicating Value
• Direct Marketing,
• 13.week –Conducting Marketing Responsibility forLong-term Success
• 14.week –Final DR. Öğr. Üyesi FİGEN ÖCAL
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products and services so the firm can make a profit. In other words, there must be a top line
for there to be a bottom line. Thus financial success often depends on marketing ability.
• Marketing builds strong brands and a loyal customer base, intangible assets that contribute
heavily to the value of a firm
• Marketing is about identifying and meeting human and social needs. One of the
shortest good definitions of marketing is “meeting needs profitably.” When
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Google recognized that people nedded to more effectively and efficiently access
information on the internet, it created a powerful search engine that organized and
prioritized queries. When IKEA noticed that people wanted good furnishings at
substantially lower prices, it created knockdown furniture. These two firms
demonstrated marketing savvy and turned a private or social need into a profitable
business opportunity.
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communicating, delivering, and exchanging offerings that have value for customers,
clients, partners, and society at large.
• Thus we see marketing management as the art and science of choosing target
markets and getting, keeping, and growing customers through creating, delivering,
and communicating superior customer value.
• Marketing can be defined as the activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that have value
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for customers, clients, partners, and society at large. Marketing activities
center on an organization’s efforts to satisfy customer wants and needs with
products and services that offer competitive value.
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product, price,
promo,on place,
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• Marketers are skilled at stimulating demand for their products, but
that’s a limited view of what they do. Eight demand states are
possible:
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• Business Markets Companies selling business goods and services often face well-informed professional
buyers skilled at evaluating competitive offerings. Business buyers buy goods to make or resell a product
to others at a profit
• Global Markets Companies in the global marketplace must decide which countries to enter; how to enter
each (as an exporter, licenser, joint venture partner, contract manufacturer, or solo manufacturer); how to
adapt product and service features to each country; how to price products in different countries; and how to
design communications for different cultures. They face different requirements for buying and disposing of
property; cultural, language, legal and political differences; and currency fluctuations. Yet, the payoff can
be huge.
• Nonprofit and Governmental Markets Companies selling to nonprofit organizations with limited
purchasing power such as churches, universities, charitable organizations, and government agencies need
to price carefully.
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Marketing and Value
• Marketing can also be thought of as a set of activities and processes that, along with product design,
manufacturing, and transportation logistics, comprise a firm’s value chain. Decisions at every
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stage, from idea conception to support after the sale, should be assessed in terms of their ability to
create value for customers
• The marketing mix is integral to the equation because benefits are a combination of the product, the
promotion, and the distribution.