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Ge and Bmw

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| Case Assignment I (GE & BMW) | Marketing Management | | | 10/10/2012 |

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1.
Business to Business marketing refers to the transactions made between two businesses. A vital step in business-to-business marketing is to create and communicate relevant differentiation from competitors. Thomas Edison invented the light bulb and today the same company taken gigantic steps in creating power plants. With the change in time, the marketing has to also evolve and no longer is it just about marketing a product. The importance of business marketing today is to touch all aspects of a business, create a complete brand experience, from start to end. Companies want to build a strong brand because that can lead to success in terms of increased revenue and higher profits. Moreover, strong brands also help in gaining the competitive advantage. When one business buys a product or service from another business the main things put on the table are the competitive advantage in terms of quality, pricing and above all brand recognition. The stronger the brand, the lesser risk it is for a consumer because the brand is known and there is a level of trust in it.
Additionally, a brand that adds intangible imagery to its marketing mix can build a sense of community and provide emotional benefits to its consumers. It is very essential for progress because it gives the brand, the value it needs and is especially true for companies who don’t necessarily have tangible products to display on the shelves. In the case of GE, that has such a rich history and diversity among its products, it possesses a tremendous opportunity to build a broader brand across products and segments.
Business marketing is important also because it helps in cutting costs because such it can be done simply through emails, letters, websites and social media. The marketing is not directed

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