...10/10/13 Marketing mix: Kotler on marketing - MaRS Discovery District Search AAA Resources by topic Workbooks Entrepreneurship 101 Funding Portal Search Tool Workshops 2688 3 Google + 1 1 0 Marketing mix: Kotler on marketing Marketing mix describes the set of tools that management can use to influence sales. The traditional formulation is called the 4Ps— product, price, place, and promotion. From the very beginning questions were raised about the 4P formulation of the marketing mix. Perfume companies wanted packaging to be added as a fifth P. 4P guardians said that packaging is already in the scheme, under product. Sales managers asked whether the sales force was left out because it began with an S. No, said the guardians, sales force is a promotion tool, along with advertising, sales promotion, public relations, and direct marketing. Service managers asked where services were in the marketing mix, or whether they, too, were excluded because the first letter was S. Here the guardians said services are part of the product. As services grew more important, service marketers suggested adding three Ps to the original 4Ps, namely personnel, procedures, and physical evidence. Thus a restaurant’s performance will depend on its staff, the process by which it serves food (buffet, fast food, tablecloths, etc.), and its physical looks and features as a restaurant. Others suggested adding personalization to the marketing mix. The marketer has to decide how personalized to make...
Words: 1270 - Pages: 6
...good to have one channel of distribution… Kathy Ireland Chief Designer of RFA, Founder of KIWW, Author, Model Classified - Highly Confidential 1 “ CONTENT • DESIGNING & MANAGING INTEGRATED MARKETING CHANNELS – Marketing Channels and Value Networks – The Role of Marketing Channel – Channel Design Decision – Channel Management Decision – Channel Integration & Systems – Conflict, Cooperation & Competition – E-Commerce Marketing Practices • MANAGING RETAILING, WHOLESALING & LOGISTICS – Retailing – Wholesaling – Market Logistics Classified - Highly Confidential 2 DESIGNING & MANAGING INTEGRATED MARKETING CHANNELS Classified - Highly Confidential 3 MARKETING CHANNELS AND VALUE NETWORKS Marketing Channel “the set of firms and individuals that take title, or assist in transferring title, to a good or service as it moves from the producer to the final consumer or industrial user” Kotler, P., and Armstrong (1989) Principles of Marketing. Prentice-Hall Classified - Highly Confidential 4 MARKETING CHANNELS AND VALUE NETWORKS Why It’s Important • Affect not only marketing decisions but also non-marketing’s • Convert potential buyers to profitable customers • Not only serve market but also make market Classified - Highly Confidential 5 MARKETING CHANNELS AND VALUE NETWORKS Marketing Channel Strategy Push Strategy Producer inducing Intermediaries Consumer When intermediaries can be persuaded to stock the product, in preference to those of competitors, then when customers...
Words: 1687 - Pages: 7
... Marketing in Action In an attempt to have you apply what it is that you are learning from your assigned textbook and readings and to do so in the context(s) in which you are most interested, you will be asked to seek out current marketing practices and relate them to the assigned readings. You must submit a written analysis applying marketing in action strategic audit processes and marketing mix. The subject of your analysis should be your company or an organization assigned by your Instructor. By selecting your company for analysis, or any other company approved by Instructor, you should be able to search about company background data and you must broadly analyze the marketing practices in your own organization framework based on what you have learned throughout the course. This analysis may be in terms of a “marketing strategic audit". Generally, your paper should focus on applying the five “P’s” of the marketing mix" to your subject company. You are reminded to keep the history and description of your company very short. An outline of such an action paper would include (but may not be limited to): Business Mission Statement: Briefly state your business mission. Is it clearly stated in marketing oriented terms? Can it be implemented? Does it give proper direction? Is it right for the organization? Is it right for the time? Does it address all stakeholder interests? Marketing Objectives and Goals:Are the organization’s marketing and...
Words: 498 - Pages: 2
...Nicolas Negroponte – Contributions to HCI and a Bid to “Save the World” In 2005, Nicholas Negroponte addressed the World Economic Forum with a computing idea to “save the world”. (1) Less than three years later, the One Laptop Per Child initiative (OLPC) launched into distribution with unprecedented cooperation of the United Nations, corporate funders, and governments organizations. Though it is early to review the success of Negroponte’s OLPC initiative, it provides us with an opportunity to explore the implications for rethinking the roles and responsibilities of individual researchers as key ethical players in the equitable design and distribution of technology. With corporations seeking new consumers to distribute technology and bridge the rapidly shrinking digital divide, it’s valuable to ask these questions while there is still time for researchers to contribute their leadership, vision, historical perspective, and critical thinking to ethically inform and guide this process. This paper will review Negroponte’s contributions to HCI and explore linkages to historical figures of the field. In addition, this paper aims to critically review Negroponte’s influence as an advocate for universal usability and the OLPC project. Architecture Machine Group In 1967 Negroponte founded the Architecture Machine Group at MIT. Researchers in the group invented new concepts and developed new approaches to human-computer interaction. Inspired, in part, by Ivan Sutherland’s Sketchpad...
Words: 1036 - Pages: 5
...Marketing Management, 14e (Kotler/Keller) Chapter 1 Defining Marketing for the 21st Century 1) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firm's intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofit organizations. Answer: B Page Ref: 4 Objective: 1 Difficulty: Easy 2) ________ is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. A) Marketing management B) Knowledge management C) Operations management D) Strategic management E) Distribution management Answer: A Page Ref: 5 Objective: 2 Difficulty: Easy 3) Identify the correct statement about marketing management. A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a company's products and services. C) It focuses solely on attaining an organization's sales goals in an efficient manner. D) It is defined as the field that deals with planning and managing a business at the highest level of corporate hierarchy. E) It occurs when at least...
Words: 173926 - Pages: 696
...120. Describe the three ingredients of customer-based brand equity. There are three key ingredients of customer-based brand equity. 1. Brand equity arises from differences in consumer response. If no differences occur, the brand-name product is essentially a commodity, and competition will probably be based on price. 2. Differences in response are a result of consumers’ brand knowledge, all the thoughts, feelings, images, experiences, and beliefs associated with the brand. Brands must create strong, favorable, and unique brand associations with customers, as have Toyota (reliability), Hallmark (caring), and Amazon.com (convenience). 3. Brand equity is reflected in perceptions, preferences, and behavior related to all aspects of the marketing of a brand. Stronger brands lead to greater revenue. 121. Advertising agency Young and Rubicam (Y&R) developed a model of brand equity called Brand Asset Valuator (BAV). What is the intent of the BAV model? List and briefly characterize the four key components (pillars) of brand equity. Based on research with almost 800,000 consumers in 51 countries, BAV compares the brand equity of thousands of brands across hundreds of different categories. There are four key components—or pillars—of brand equity, according to BAV: • Energized differentiation measures the degree to which a brand is seen as different from others, and its perceived momentum and leadership. • Relevance measures the appropriateness and breadth of a brand’s appeal...
Words: 3245 - Pages: 13
...Principi di Marketing Philip Kotler – Gary Amstrong Cap. 1 Il Marketing consiste nella gestione di relazioni profittevoli con il cliente e il suo scopo è creare valore per il cliente e ottenere in cambio un valore da quest’ultimo. L’obiettivo del marketing si concretizza nel soddisfacimento dei bisogni del cliente. Se l’operatore di marketing riesce a comprendere i bisogni del consumatore, sviluppare un prodotto ad alto livello e definire strategie di prezzo, distribuzione e promozione efficaci, le vendite diventano una logica conseguenza. In senso generale il marketing è un processo sociale e manageriale mediante il quale una persona o un gruppo ottiene ciò che costituisce oggetto dei propri bisogni e desideri creando, offrendo e scambiando prodotti e valori con altri. Il processo di marketing può essere sintetizzato in cinque fasi: 1. Comprendere il mercato e i bisogni del consumatore il concetto fondamentale alla base del marketing è quello dei bisogni, cioè le condizioni in cui si percepisce uno stato di privazione, i bisogni plasmati dalla cultura e dalla personalità individuale si trasformano in desideri, se supportati dalla potere d’acquisto i desideri danno origine alla domanda di mercato. I bisogni e i desideri dei consumatori possono essere soddisfatti attraverso le offerte di mercato, cioè una combinazione di prodotti, servizi, informazioni ed esperienze rivolte a un determinato mercato per soddisfare un bisogno o un desiderio. (la miopia di mercato è l’errore...
Words: 30201 - Pages: 121
...INDICE PRESENTACION DE LA OBRA .............................................. XUV PARTE 1 EL PAPEL DE LA GESTION DE MARKETING EL PAPEL DEL MARKETING EN LAS ORGANIZACIONES Y EN LA SOCIEDAD ................................................. 1 9 LOS CONCEPTOS BASICOS DEL MARKETING ................................................... 3 Necesidades, Deseos y Demandas 4 Productos 5 Valor, Coste y Satisfacción 5 Intercambio, Transacciones y Relaciones 6 Mercados 8 Marketing y Buscadores de Intercambios 10 t LA GESTION DE MARKETING ................................................................................ 11 Conceptos y Herramientas de Marketing: Niveles de Demanda y Tareas de Marketing 12 * ORIENTACIONES DE LAS EMPRESAS HACIA EL MERCADO .......................... 13 El Enfoque Producción 14 El Enfoque Producto 14 El Enfoque Ventas 15 El Enfoque Marketing 17 Estrategias de Marketing 1-1: El Secreto de la Rentabilidad E s M a r k e t i n g 1-2: El de L. L. Bean - La Satisfacción del Cliente 20 Relanzamiento de las Líneas Aéreas SAS por Jan Carlzon 23 Empresas y Sectores: Cinco Pasos en el Aprendizaje del Marketing en el Sector Bancario 26 El Enfoque Marketing Social 28 LA R A ~ I D A ADOPCION DE LA GESTION DE MARKETING .............................. 29 En el Sector Privado 29 Internacional 3 1 RESUMEN 2 En Entidades No Lucrativas 30 En el Sector ........................................................................ 31 ...
Words: 42317 - Pages: 170
...Human Resource Management, 12e (Dessler) Chapter 1 Introduction to Human Resource Management 1) The basic functions of the management process include all of the following EXCEPT ________. A) planning B) organizing C) outsourcing D) leading E) staffing Answer: C Explanation: The five basic functions of the management process include planning, organizing, staffing, leading, and controlling. Outsourcing jobs may be an aspect of human resources, but it is not one of the primary management functions. Diff: 1 Page Ref: 4 Chapter: 1 Objective: 1 Skill: Concept 2) Which of the following is the person responsible for accomplishing an organization's goals by planning, organizing, staffing, leading, and controlling personnel? A) manager B) entrepreneur C) representative D) generalist E) marketer Answer: A Explanation: The manager is the person responsible for accomplishing an organization's goals by planning, organizing, staffing, leading, and controlling the efforts of the organization's people. An entrepreneur may manage people or may hire a manager to do so instead, but entrepreneurs are defined as individuals who start their own businesses. Diff: 2 Page Ref: 4 Chapter: 1 Objective: 1 Skill: Concept 3) Which of the following includes five basic functions--planning, organizing, staffing, leading, and controlling? A) job analysis B) strategic management C) employee orientation D) management process E) adaptability screening Answer: D Explanation:...
Words: 11787 - Pages: 48
...Philip Kotler Biography Phillip Kotler Born 27 May 1931 in Chicago, is the S.C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of Management at Northwestern University. He received his Masters degree at the University of Chicago and his Ph.D. at MIT, both in economics. He did postdoctoral work in mathematics at Harvard University and in behavioral science at the University of Chicago. Kotler started teaching marketing in 1962 at the Kellogg School of Management, Northwestern University. Kotler moved into marketing which he believed is an essential part of economics. He saw demand as influenced not only by price but also by advertising, sales promotions, sales force, direct mail, and various institutions (wholesalers, retailers, agents, etc.) operating as distribution channels. In 1967, Kotler published Marketing Management: Analysis, Planning, and Control, now in its 14th edition and the world’s most widely adopted textbook in graduate schools of business. Where previous marketing textbooks were highly descriptive, this text was the first to draw on economic science, organizational theory, psychology of behavior and choice, and analytics. It described theory and practice and drew on findings from empirical studies and cases. The Financial Times on December 9, 1996 cited Marketing Management as one of the 50 greatest business books of all times. Kotler is the author and co-author of over 55 books and 150 published articles. His other...
Words: 424 - Pages: 2
...Philip Kotler Biography Phillip Kotler Born 27 May 1931 in Chicago, is the S.C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of Management at Northwestern University. He received his Masters degree at the University of Chicago and his Ph.D. at MIT, both in economics. He did postdoctoral work in mathematics at Harvard University and in behavioral science at the University of Chicago. Kotler started teaching marketing in 1962 at the Kellogg School of Management, Northwestern University. Kotler moved into marketing which he believed is an essential part of economics. He saw demand as influenced not only by price but also by advertising, sales promotions, sales force, direct mail, and various institutions (wholesalers, retailers, agents, etc.) operating as distribution channels. In 1967, Kotler published Marketing Management: Analysis, Planning, and Control, now in its 14th edition and the world’s most widely adopted textbook in graduate schools of business. Where previous marketing textbooks were highly descriptive, this text was the first to draw on economic science, organizational theory, psychology of behavior and choice, and analytics. It described theory and practice and drew on findings from empirical studies and cases. The Financial Times on December 9, 1996 cited Marketing Management as one of the 50 greatest business books of all times. Kotler is the author and co-author of over 55 books and 150 published articles. His other...
Words: 424 - Pages: 2
...Identification of the marketing academic’s work 1. Introduction Philip Kotler has come to be known as one of the pioneers who has contributed to the field of marketing by broadening the subject as a profession which is now taught in schools and as part of a key area which needs to be incorporated in the business as part of the business plan. Born in Chicago on the 27th of May in 1931 to Russian Immigrants. He grew up with his three brothers in Chicago, where his parents ran a retail business. At an early Dr Kotler was seen to be someone who enjoyed reading. Dr Kotler is married to Nancy with three children. [pic] [pic] 2. Professional Background Kotler earned his Masters degree in economics from University of Chicago and his PhD at M.I.T both in economics. He also did his postdoctoral work in mathematics at the Harvard University and behavioural science at the University of Chicago. In 1962 he joined the Northwestern University which was later named as Kellogg School of Management. He has since been known as the distinguished S.C. Johnson & Son Distinguished of International Marketing at the Kellogg School of Management at Northwestern University. In business he has consultated and researched for IBM, American Bank, General Electrical and Honeywell. 3. Author: As an author he authored and co-authored 47 books by 2007. Amongst those books is the famous Marketing Management book which was released in 1967 which has since been recognised as the marketing bible, which...
Words: 2174 - Pages: 9
...ability to serve its customers such as the company itself, suppliers, marketing intermediaries, customer markets, competitors and publics (Kotler and Armstrong, p.66) The company itself definitely played role in affecting its performance over the past few years. Target wanted to be perceived as a discount retail store but also carry top designer products (Kotler and Armstrong, p.94). The marketing plans for the company affected its sales negatively and compared to the retail giant Wal-Mart, it was not doing as well as expected. At one point Target was continuously struggling that one of its biggest shareholders openly chided them and sought to take control of five of the board’s seats (Kotler and Armstrong, p. 95). The competitor retail store Wal-Mart is what had the most impact on Target’s microenvironment. Many Target stores are build right across the street or in the same vicinity and many consumers compare the two and usually assume Wal-Mart is the cheapest and better buy. Wal-Mart’s revenues have always exceeded that of Targets’ and during the recent economic issues it was posting quarterly increases of up to 5% along with larger jumps in profits (Kotler and Armstrong, p.94). This became a big issue for Targets success because according to Kotler and Armstrong, the marketing concept states that, to be successful, a company must provide greater customer value and satisfaction than its competitors do (Kotler and Armstrong, p.68). Media publics have also had an effect on Targets...
Words: 953 - Pages: 4
...Assignment 2: Utility, Elasticity, and Demand M2:A2 8/20/2013 ECO 202 Sherrice Hodge Sherrice Hodge ECO 202 M2:A2 8/20/13 I have been placed in charge of designing a product campaign for a new shampoo called Lovely Hair, which must include the components of marketing, pricing, and distribution. The ultimate goal of this campaign is to provide affordable hair care to every woman in order to make them feel gorgeous and confident outside as well as within. Lovely Hair is the secret to having irresistibly soft and shiny hair accompanied with an alluring fragrance so your beauty can shine every day. Lovely Hair is manufactured by Beautiful People and Lovely Hair products can be found in mass merchandise stores, supermarkets, and drug stores and online as well. Lovely Hair’s mission is to make every woman feel like the goddess that they are, by making her hair delicately smooth and soft with a scent so entrancing. We want women to feel ravishing and confident within their skin and encourage them to confess their beauty each and every day. Lovely Hair can provide the best natural hair care ingredients in order to completely satisfy your every need. We took the time to research what our hair needs in order to be healthy and strong and to make sure that we provide a safe product that women can enjoy. Even our packages are made out of recyclable materials to keep the environment safe. In order to achieve the ultimate goal of this campaign, I have broken down my strategy...
Words: 1595 - Pages: 7
...Running Head: IMPORTANCE OF MARKETING Importance of Marketing Jason McCleney 3/10/2012 ADA ACC. MKT/421 Stephen Fritzenkotter Definition of Marketing In a moral formal setup, business and non-business organizations are also involved in marketing. The products that are marketed can be goods or services. A place, an idea, an individual or even a cause, can be marketed. Many management thinkers consider marketing to be most critical function of a business. In a business organization, the marketing division generates the revenues essential for the survival and growth of the firm, the finance department manages these revenues and the department like R&D, production or manufacturing uses them to create products and services (Kotler, 2009). But the real challenge to the markets lies in generating those revenues profitably, by satisfying customers in a socially responsible manner (Kerin, 2009). In my point of view marketing is an activity of producing, promoting, and providing goods and services to customers and businesses. It is a process of creating and directing an organization to sell goods or services that people are willing to buy. Marketing builds and maintains a preference for a particular product and company within the target market. It involves acquisition of new customers and retention of existing customers. American Marketing Association was proposed definition of marketing in 1985, which is as follows: “Marketing is the process of planning...
Words: 771 - Pages: 4