Professional Documents
Culture Documents
MANAGEMENT
ELECTIVES
PRESENTED BY: AMRUT POKHARKAR
SURAJ YADAV
PRIYA BHATKAR
TULSIGANDHA BHARANKAR
SWEETA BANE
VIBHA SHETTY
WHAT IT MEANS?
[Business & Management ]:Marketing
Management, Marketing is the activity,
set of institutions, and processes for
creating, communicating, delivering,
and exchanging offerings that have
value for customers, clients, partners,
Marketing is the process of communicating
the value of a product or service to
customers, for the purpose of selling the
product or service. It is a critical business
function for attracting customers.
New
Definition
Previous Definition
"Marketing is an organizational function and a
set of processes for creating, communicating,
and delivering value to customers and for
managing customer relationships in ways that
benefit the organization and its stakeholders."
Management is the processes of planning, organizing directing motivating and coordinating and
controlling of various activities of a firm. Marketing is the process of satisfying the needs and wants of
the consumers. Management of marketing activities is Marketing Management.
Management Guru Philip Kotler defines marketing as
Marketing Management is the analysis, planning,
implementation and control of programmes
designed to bring about the desired exchanges with
target audiences for the purpose of personal and mutual
gain. It relies heavily on adoption and coordination of the
product, price, promotion and place for achieving
response: In other words, a business discipline, which is
focused on the practical application of marketing
techniques and the management of a firms marketing
resources and activities, is Marketing Management.
Marketing Management focuses upon the psychological
and physical factors of Marketing. The Marketing managers
are responsible for influencing the level, timing, and
composition of customer demand accepted definition of
the term. While the psychological factors focus upon
discovering the needs and wants of the consumer and the
changing patterns of buying behavior, habit etc. the
physical factors focus upon fulfilling those needs and
demands buy better product design, channel of
6. Staffing: Employment of right and able employees is very crucial to success of a market plan. The
market manager coordinates with the Human Resource Manager of an organization to be able to hire
the staff with desired capability.
7.Analysis and Evaluation: The marketing management involves the analysis and evaluation of the
productivity and performs mace of individual employees.
DEFINITION
Marketing management is the analysis, planning, implementation
and control of programs designed to bring about desired exchanges
with target markets for the purpose of achieving organizational
objectives. It relies heavily on designing the organizations offering in
terms of the target markets needs and desires and using effective
pricing, communication and distribution to inform, motivate and
service the market.
BY PHILIP KOTLER
PRODUCTS / OFFERS
Anything that can be offered to someone to satisfy a need
or want is a product
Product refers to physical object
Services refer to intangible object
EXCHANGE AND
TRANSACTION
Exchange is the act of obtaining a desired product by offering something in
return .
A SIMPLE MARKETING
SYSTEM
MARKETING CONCEPTS
There are FIVE competing concepts under which
organizations conduct their marketing activities:
The Production Concept
The Product Concept
The Selling Concept
The Marketing Concept
The Societal Marketing Concept
MARKETING CONCEPT
LOVE THE CUSTOMER , NOT THE PRODUCT
The key to achieving organizational goals consist in
determining the needs and wants of target markets and
delivering the desired satisfactions more effectively and
efficiently than competitors. And build profit through
customer satisfaction and loyalty.
THREE LEVELS OF
MARKETING
Responsive Marketing :It is the form of marketing when some company defines an existing
clear need and prepare an affordable solution. Recognizing that women wanted to spend
less time for cooking and cleaning, led to the invention of modern washing machine,
microwave oven etc.)
Anticipative Marketing :It is a form of marketing when a company recognize an emergent or
latent need, and come out with an affordable solution. Evian, Perrier anticipated growing
market for bottled drinking water as the quality of water deteriorated in many places.
Anticipative marketing is more risky than responsive marketing;companies may come into
market too early or too late,or may even be totally wrong about thinking that such a market
would develop.(eg. Dish washers in India)
Need Shaping Marketing:The broadest level of marketing occurs when a company
introduces product that nobody asked for and often could not even conceive of. (e.g. Sony
Walkman, Sony Compact Disc ) Late Akio Morita, founder and chairman of Sony, who
introduced these and many other new products, summarized his marketing philosophy in
these words: I dont serve markets. I create them.
Importance of Marketing
Management
Objectives of Marketing
Management
Marketing Mix
Marketing mix is the term used to describe the
combination of the four inputs which constitute the core of
companies marketing system- the product the price
structure, the promotional activities and the distribution
system.
Controllable factors.
Product Planning.
Brand Policy.
Packaging Policy.
Personal Selling.
Physical Distribution.
Uncontrollable Factors
Consumers Buying
Behavior.
Competition.
Pattern of distribution
System.
Government Control.