C1 - Understansing Marketing - Marketplace & Customer Value

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Understanding Marketing,

Marketplace & Customer


Value
MM 5001 – Marketing Managemen
Ira Fachira, tPhD
Topics

• Marketing: Creating customer value and engagement


(Ch. 1)
• Partnering to build customer engagement, value &
relationships (Ch. 2)
• Marketing environment (Ch. 3)
• Introduction to customer buying behavior (Ch. 5 &
6)
Marketing:
Creating Customer Value And Engagement
Keywords
• Marketing: Art and Science
• Understanding the Marketplace & Customer Needs:
Needs, Wants, Demands
• Customer Value-Driven Marketing Strategy: Value
proposition, Selling concept vs. Marketing concept,
Marketing Mix
• Managing Customer Relationships & Capturing Customer
Value: Customer-perceived value, Customer satisfaction
Marketing?
Understanding the Marketplace
and Customer Needs
• States of deprivation
Needs • Physical—food, clothing, warmth, safety
• Social—belonging and affection
• Individual—knowledge and self-expression

• Form that needs take as they are shaped


Wants by culture and individual personality

Demands • Wants backed by buying power


Understanding the Marketplace
and Customer Needs
Customer Perceived Value
There’s the price that you need to pay for certain value of things you pay. If
you have extra money, you will prefer to pay more money to get convened,
energy saved, and time saved rather than book a low-price tickets.

https://www.slidegeeks.com/pics/dgm/l/c/Customer_Perceived_Value_Ppt_PowerPoint_Presentation_Sample_Slide_1-.jpg
Managing Expectations Nicholas Saputra : Nugget Guy (Kanzler)
Targeted: Young mother who have a family
Messages delivered: Man, masculine enough to
go the kitchen and do the house chores.

Customers
• Value and satisfaction

Marketers
• Set the right level of
expectations
• Not too high or low
Marketing Management Concepts
The company used this concept to value of
the product to the customer. More likely
engineer related to create a product
specifications; requirements, R&D

Provides a comple
nsidered as a
services. Assurances like
concept; the
BPJS, and
nts to produce
the company
n’t have to be
s have to be
n the customer
s Production Product concept Selling concept
concept

The person who becoming People, P


Profit (3Ps); could do the those 3
same time to achieve vision and mis
the company, but thinking about the w
ncept is mainly talking a of the people, and sustainability
value that their experiencing. environment

Marketing Societal Marketing


concept concept
Selling vs. Marketing The Selling Concept: would likely relate to the
supply chain oriented, the company needs to
make sure that the product is THERE.

The marketing concept is talking about the


experience of the customer that led to the
satisfaction by the customer
ch the customer market
what customer wants, how
oduct meet the customer
and wants.

TO BE USED QUANTITATIVE
D TO HELP YOU WITH
ATIVE APPROACH TO SEE
GGER APROACH
STRATEGIC MARKETING SYSTEM
R ES EARCH M AC R O ENVIR ONMENT M ICR O
Demographi Comp any
c Economic Capability
Natural Suppliers
Technologica Intermediaries
l Political Customers
Cultural Competitors
Publics

M AR KET
ANALYSIS SEGMENTATION

A B C D E F G

TA R G ET M AR KET

A D G

POSITIONING

A D G

MARKETING
VARIABLE
OBJECTIVE

A D G

PR O D U C T PRICE PL ACE PR O MO TION S ALES F ORCE

MARKETING
STRATEGY

A D G

PR O D U C T PRICE PL ACE PR O MO TION S ALES F ORCE

IMPLEMENTATION

If working,
BUD GET CONTR OL
continue If not
TIMELINESS working
Partnering to Build
Customer Engagement, Value, and Relationships
Keywords

• Company-Wide Strategic Planning: Strategic


planning, mission statement, business portfolio.
• Planning Marketing: Value chain, value delivery
network.
• Marketing strategy & Marketing Mix: ST(D)P,
4P/7P.
Company Wide Strategic Planning
Marketing Strategy & the Marketing Mix
Marketing Strategy & the Marketing Mix
https://www.smartinsights.com/wp-content/uploads/2014/03/The-7Ps-Marketing-Mix.png
Managing the Marketing Effort
Analysis, Planning, Implementation, and Control
Managing the Marketing Effort
Marketing Analysis: SWOT Analysis
The Marketing Process
Understand the marketplace and
customer needs and wants

Design a customer-driven marketing


strategy

Construct an integrated marketing


program that delivers superior value

Build profitable relationships and create


customer delight

Capture value from customers to create


profits and customer equity
Measuring & Managing
Return on Marketing Investmet
B2C Elements of Value
B2C Elements of Value

https://www.bain.com/insights/elements-of-value-interactive/
B2B Elements of Value

https://www.bain.com/insights/explore-the-b2b-elements-of-value-interactive/
Marketing Environment
Keywords

• The marketing environment


• Micro-environment: The company, suppliers,
intermediaries, customers, competitors, publics
• Macro-environment: Demographic, economic,
natural, technological, political, cultural
• PESTLE
The Microenvironment
The Macroenvironment
The Macroenvironment: PESTLE

https://andet5.com/2018/02/pestel-analysis-what-is-it-and-why-do-we-use-it/
The Macroenvironment: PESTLE
•https://www.youtube.com/watch?v=Gv5fza6wHE4
THANK YOU

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