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Human activity directed at satisfying needs and wants through exchange processes - Philip Kotler
The creation, identification and satisfaction of customer needs at a profit - Chartered Institute of Marketing
The strategic creation and maintenance of need-satisfying differences versus your competition - profitably Prof. Mike Wilson
Marketing is now all about demand chain management – the customer / consumer becomes the ‘start point’ not the final destination, for the organisation - their needs, costs, value and issues of convenience and communication - Robert Lauterborn
Effective Marketing |
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Selecting target markets & segments |
Not attempting to serve all
markets/satisfy all needs
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Formulating plans |
Not following haphazard and unco-ordinated actions |
Designing products/services to satisfy customer needs |
User, not supplier orientation |
Serving markets more effectively |
Need for focused objectives |
Create and manage a
"marketing mix"
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Knowledge of all factors including targeted customers |
We can help your Marketing Process be more effective |
Who are the customers and who are the decision makers and nfluencers? |
Market research - Profiles of customers: quantitative and qualitative: key decision makers & influencers |
| What are their needs, how do they differ and what then are priority needs we should satisfy? |
Information analysis - Target segments - Their problems and opportunities - Establish priority needs |
| Can we satisfy needs? |
Examine current/new product / service and gain customer feedback |
| Can we make a profit? ie. How do we reach them? What are rewards versus risks? |
Distribution channel and financial analysis |
| How do we compare with our competition? |
S.W.O.T. Analysis / review competitive products / strategies / actions |
| What is required in our marketing mix? |
Set marketing objectives and develop ways of implementing marketing strategy Differentiate the product/service via the marketing mix |
| To whom do we want to communicate? |
Target your communications audience |
| What do we want to communicate? |
Define the product/service value proposition and the company / product positioning to the target segments |
| How do we communicate? |
Establish 'communications mix':- - advertising / PR - sales message / sales promotion - packaging / point of sale display |
| How do we make sure everyone works to the same ends? |
Co-ordinate marketplace communication Establish evaluation systems Monitor and manage the plan |
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