231 35305 MD211 2013 1 2 1 Marketing Management Philosophies
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Transcript of 231 35305 MD211 2013 1 2 1 Marketing Management Philosophies
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Chapter One
Marketing Management Philosophies
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Marketing Management
Implementing programs to create exchanges with target buyers to achieve
organizational goals
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Production Concept
• Consumers favor products that are available and highly affordable.
• Improve production and distribution
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Product Concept
• Consumers favor products that offer the most quality, performance, and innovative features.
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Selling Concept
• Consumers will buy products only if the company promotes/ sells these products.
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Marketing Concept
• Focuses on needs/ wants of target markets & delivering satisfaction better than competitors.
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Marketing and Sales Concepts Contrasted
Factory Existing Products
Selling and
Promoting
Profits through Volume
The Selling Concept
Starting Point Focus Means Ends
Market Customer Needs
Integrated Marketing
Profits through
Satisfaction
The Marketing Concept
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Societal Marketing Concept
• Focuses on needs/ wants of target markets & delivering superior value.
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Societal Marketing Concept
Societal Marketing Concept
Company (Profits)
Consumers (Want Satisfaction)
Society (Human Welfare)
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What is Art Marketing?
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Art Marketing (1975 – 1984)
The research activities on education of audience, organization awareness, and the economy of the arts
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Arts Marketing
(1985 – 1994)
Applying marketing concepts to art organizations
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Arts Marketing
(1995 – 2001)
the efforts of an arts organization “to sense, serve, and satisfy the needs and wants of its clients and publics within the constraints of its mission”
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Arts Marketing (2003 – present time)
Support and reinforce artistic experiences. Motivating exchange with customers, by offering artistic experiences and by building and maintaining relationships with these customers, for the purpose of creating customer-value and achieving the artistic objectives simultaneously
Marketing principles that assist in making decisions which give them more scope for creativity and innovation.
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Review of Concept Connections
• Define marketing management and examine how marketers build profitable customer relationships.
• Compare the five marketing management philosophies.
• Analyze the major challenges facing marketers heading into the next millennium.
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Class Discussion Think of your last experience of art, whether it was
music concert or a visit to a gallery. - How did you become aware of your need? Were you
influenced by marketing activities at any point? - Why would anyone prefer this artistic experience
rather than stayiung at home and watching TV?
- How would you convince others it was worth while?
- How did youknow wheter or not your needs were satisfied?