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Marketing2.txt
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What are the 4 P's of the marketing mix?
Product
Price
Place
Promotion
What are the 4 marketing concepts?
Product
Production
Selling
Marketing
Important consumer distinction:
Segmentation, Targeting, and Positioning.
Consumer percieved value?
Benifits / Costs
Traditional
Marketing
Transactions
Market driven
Selling to
customers
Technology pushed
Make and sell
4 Ps
Marketing
orientation
New
Marketing Paradigm
Relationships
Market driven
& market driving
Empowered
customers
Market pulled
Sense and respond
Culture + strategy +
tactics
Customer focus
Phases of Strategic Marketing
Planning Phase:
-Define Mission
-Evaluate Situation
-Identify Oppurtunities
Implementation Phase
Implement marketing mix, allocate resources
Control Phase
Evaluate the performance of the marketing strategy
Developing a marketing plan
Macro Strategies
Customer excellence, which focuses on retaining loyal customers and excellent customer service.
Operational excellence through efficient operations and excellent supply chain management.
Product excellence, or achieving high-quality products; effective branding and positioning are key.
Strategic Marketing
SW/OT
Strengths – What are the firm’s strengths?
Weaknesses – What are the firm’s weaknesses?
Opportunities – What opportunities are present in the market?
Threats – What might threaten the firm’s position in the market?
Product-Market Expansion
The Marketing Plan
Executive summary
Table of contents
Situation analysis
Marketing strategy
Financial projections
Implementation controls
Author
givemeacookie13
ID
43946
Card Set
Marketing2.txt
Description
Marketing midterm
Updated
2010-10-21T07:38:47Z
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