Framework: A Framework for Marketing Management
Table of Contents
Introduction to Marketing Management
Scope of Marketing for New Realities
The Value of Marketing
The Scope of Marketing
- What Is Marketing?
- What Is Marketed?
- Who Markets?
- What Is a Market?
Core Marketing Concepts
- Needs, Wants, and Demands
- Target Markets, Positioning, and Segmentation
- Offerings and Brands
- Marketing Channels
- Paid, Owned, and Earned Media
- Impressions and Engagement
- Value and Satisfaction
- Supply Chain
- Competition
- Marketing Environment
The New Marketing Realities
- Technology
- Globalization
- Social Responsibility
- A Dramatically Changed Marketplace
Company Orientation Toward the Marketplace
- The Production Concept
- The Product Concept
- The Selling Concept
- The Marketing Concept
- The Holistic Marketing Concept
- Updating The Four Ps
- Marketing Management Tasks
Marketing Strategies and Plans
Marketing and Customer Value
- The Value Delivery Process
- The Value Chain
- Core Competencies
- The Central Role of Strategic Planning
Corporate and Division Strategic Planning
- Defining the Corporate Mission
- Establishing Strategic Business Units
- Assigning Resources to Each SBU
- Assessing Growth Opportunities
- Organization and Organizational Culture
Business Unit Strategic Planning
- The Business Mission
- SWOT Analysis
- Goal Formulation
- Strategy Formulation
- Strategy and Implementation
The Marketing Plan
- Contents of a Marketing Plan
- From Marketing Plan to Marketing Action
- Marketing Metrics
- Marketing-Mix Modeling
- Marketing Dashboards
- Marketing Control
Marketing Research and Analysis
- Internal Records and Database Systems
- Marketing Intelligence
The Marketing Research System
- Defining Marketing Research
- The Marketing Research Process
- Step 1: Define the Problem, Decision Alternatives, and Research Objectives
- Step 2: Develop the Research Plan
- Step 3: Collect the Data
- Step 4: Analyze the Information
- Step 5: Present the Findings
- Step 6: Make the Decision
Forecasting and Demand Measurement
- The Measures of Market Demand
- The Market Demand Function
- Estimating Current Demand
- Estimating Future Demand
Analyzing the Macro-environment
- Identifying the Major Forces
- The Demographic Environment
- The Economic Environment
- The Sociocultural Environment
- The Natural Environment
- The Technological Environment
- The Political-Legal Environment
Connecting with Customers
Building Long-Term Customer Relationships
Building Customer Value, Satisfaction, and Loyalty
- Customer-Perceived Value
- Total Customer Satisfaction
- Monitoring Satisfaction
- Product and Service Quality
Maximizing Customer Lifetime Value
- Customer Profitability
- Measuring Customer Lifetime Value
Cultivating Customer Relationships
- Attracting and Retaining Customers
- Building Loyalty
- Win-Backs
5 Buying Dynamics of Consumers and Businesses
What Influences Consumer Behavior?
- Cultural Factors
- Social Factors
- Personal Factors
Key Psychological Processes
- Motivation
- Perception
- Learning
- Emotions
- Memory
The Consumer Buying Decision Process
- Problem Recognition
- Information Search
- Evaluation of Alternatives
- Purchase Decision
- Postpurchase Behavior
- Behavioral Decision Theory and Behavioral Economics
What is Organizational Buying?
- The Business Market versus the Consumer Market
- Institutional and Government Markets
- Business Buying Situations
Participants in the Business Buying Process
- The Buying Center
- Buying Center Influences
- Targeting Firms and Buying Centers
Stages in the Business Buying Process
- Problem Recognition
- General Need Description and Product Specification
- Supplier Search
- Proposal Solicitation
- Supplier Selection
- Order-Routine Specification
- Performance Review
Managing Business-to-Business Customer Relationships
- The Benefits of Vertical Coordination
- Risks and Opportunism in Business Relationships
Strategic Brand Management
Target Marketing
Bases for Segmenting Consumer Markets
- Geographic Segmentation
- Demographic Segmentation
- Psychographic Segmentation
- Behavioral Segmentation
Bases for Segmenting Business Markets
Market Targeting
- Effective Segmentation Criteria
- Evaluating and Selecting Market Segments
Competitive and Effective Brand Positioning
Developing and Establishing a Brand Positioning
- Understanding Positioning and Value Propositions
- Choosing a Competitive Frame of Reference
- Identifying Potential Points of Difference
- and Points-of-Parity
- Choosing Specific POPs and PODs
- Emotional Branding
- Brand Mantras
- Establishing a Brand Positioning
- Alternative Approaches to Positioning
Competitive Strategies for Market Leaders
- Expanding Total Market Demand
- Protecting Market Share
- Increasing Market Share
Other Competitive Strategies
- Market-Challenger Strategies
- Market-Follower Strategies
- Market-Nicher Strategies
Branding and Core Business Growth
How Does Branding Work?
- The Role of Brands
- The Scope of Branding
Defining Brand Equity
- Customer-Based Brand Equity
- Brand Equity Models
Building Brand Equity
- Choosing Brand Elements
- Designing Holistic Marketing Activities
- Leveraging Secondary Associations
- Internal Branding
Measuring and Managing Brand Equity
- Brand Audits and Brand Tracking
- Brand Valuation
- Managing Brand Equity
Devising a Branding Strategy
- Branding Decisions
- Brand Portfolios
- Brand Extensions
Customer Equity
Driving Growth
- Growth Strategies
- Growing the Core
Value Creation
Product Mix and New Offerings
Product Characteristics and Classifications
- Product Levels: The Customer-Value Hierarchy
- Product Classifications
Differentiation
- Product Differentiation
- Services Differentiation
- Design Differentiation
Product and Brand Relationships
- The Product Hierarchy
- Product Line Analysis
- Product Line Length
- Line Modernization, Featuring, and Pruning
- Product Mix Pricing
- Co-Branding and Ingredient Branding
Packaging, Labeling, Warranties, and Guarantees
- Packaging
- Labeling
- Warranties and Guarantees
Managing New Products
- The Innovation Imperative and New Product Success
- New Product Development
The Consumer-Adoption Process
- Stages in the Adoption Process
- Factors Influencing the Adoption Process
Product Life-Cycle Marketing Strategies
- Product Life Cycles
- Marketing Strategies: Introduction Stage and the Pioneer Advantage
- Marketing Strategies: Growth Stage
- Marketing Strategies: Maturity Stage
- Marketing Strategies: Decline Stage
- Critique of the Product Life-Cycle Concept
Analyzing and Marketing Services
The Nature of Services
- Categories of Service Mix
- Distinctive Characteristics of Services
The New Services Realities
- A Shifting Customer Relationship
- Achieving Excellence in Services Marketing
- Differentiating Services
Managing Service Quality
- Managing Customer Expectations
- Incorporating Self-Service Technologies
Managing Product-Support Services
- Identifying and Satisfying Customer Needs
- Post-sale Service Strategy
Understanding Pricing
- Pricing in a Digital World
- A Changing Pricing Environment
- How Companies Price
- Consumer Psychology and Pricing
Setting the Price
- Step 1: Selecting the Pricing Objective
- Step 2: Determining Demand
- Step 3: Estimating Costs
- Step 4: Analyzing Competitors’ Costs, Prices, and Offers
- Step 5: Selecting a Pricing Method
- Step 6: Selecting the Final Pric
Adapting the Price
- Geographical Pricing (Cash, Countertrade, Barter)
- Price Discounts and Allowances
- Promotional Pricing
- Differentiated Pricing
Initiating and Responding to Price Changes
- Initiating Price Cuts
- Initiating Price Increases
- Anticipating Competitive Responses
- Responding to Competitors’ Price Changes
Value Delivery
Developing and Managing Strategic and Integrated Marketing Channels
Marketing Channels and Value Networks
- The Importance of Channels
- Multichannel Marketing
- Integrating Multichannel Marketing Systems
- Value Networks
- The Digital Channels Revolution
The Role of Marketing Channels
- Channel Functions and Flows
- Channel Levels
- Service Sector Channels
Channel-Design Decisions
- Analyzing Customer Needs and Wants
- Establishing Objectives and Constraints
- Identifying Major Channel Alternatives
- Evaluating Major Channel Alternatives
Channel-Management Decisions
- Selecting Channel Members
- Training and Motivating Channel Members
- Evaluating Channel Members
- Modifying Channel Design and Arrangements
- Global Channel Considerations
Channel Integration and Systems
- Vertical Marketing Systems
- Horizontal Marketing Systems
E-Commerce and M-Commerce Marketing Practices
- E-Commerce and Pure-Click Companies
- E-Commerce and Brick-and-Click Companies
- M-Commerce Marketing
Channel Conflict, Cooperation, and Competition
- Types of Conflict and Competition
- Causes of Channel Conflict
- Managing Channel Conflict
- Dilution and Cannibalization
- Legal and Ethical Issues in Channel Relations
Managing Retailing, Wholesaling, and Logistics
Retailing
- Types of Retailers
- The Modern Retail Marketing Environment
- Retailer Marketing Decisions
Private Labels
- Role of Private Labels
- Private-Label Success Factors
Wholesaling
- Wholesaling Functions
- Trends in Wholesaling
Market Logistics
- Integrated Logistics Systems
- Market-Logistics Objectives
- Market-Logistics Decisions
Value Communication
Designing and Managing Integrated Marketing Communications
The Role of Marketing Communications
- The Marketing Communications Mix
- Communications Process Models
Developing Effective Communications
- Identify the Target Audience
- Set the Communications Objectives
- Design the Communications
- Select the Communications Channels
- Establish the Total Marketing Communications Budget
Selecting the Marketing Communications Mix
- Characteristics of the Marketing Communications Mix
- Factors in Setting the Marketing Communications Mix
- Measuring Communication Results
Managing the Integrated Marketing Communications Process
- Coordinating Media
- Implementing IMC
Developing and Managing an Advertising Program
- Setting the Advertising Objectives
- Deciding on the Advertising Budget
- Developing the Advertising Campaign
- Choosing Media
- Evaluating Advertising Effectiveness
- Advertising versus Promotion
- Major Decisions
Events and Experiences
- Events Objectives
- Major Sponsorship Decisions
- Creating Experiences
Public Relations
- Marketing Public Relations
- Major Decisions in Marketing PR
Online Marketing
- Advantages and Disadvantages of Online Marketing Communications
- Online Marketing Communication Options
- Social Media Platforms
- Using Social Media
Word of Mouth
- Forms of Word of Mouth
- Creating Word-of-Mouth Buzz
- Measuring the Effects of Word of Mouth
Mobile Marketing
- The Scope of Mobile Marketing
- Developing Effective Mobile Marketing Programs
- Mobile Marketing across Markets
Managing Personal Communications: Direct and Database Marketing and Personal Selling
Direct Marketing
- The Benefits of Direct Marketing
- Direct Mail
- Catalog Marketing
- Telemarketing
- Other Media for Direct-Response Marketing
- Customer Databases and Database Marketing
- Public and Ethical Issues in Direct Marketing
Personal Selling and the Sales Force
- Types of Sales Representatives
- Personal Selling and Relationship Marketing
- Designing the Sales Force
Managing the Sales Force
- Recruiting and Selecting Representatives
- Training and Supervising Sales Representatives
- Sales Rep Productivity
- Motivating Sales Representatives
- Evaluating Sales Representatives
Managing the Marketing Organization for Long-Term Success
Responsible Marketing in a Global Environment
Competing On a Global Basis
- Deciding Whether to Go Abroad
- Deciding Which Markets to Enter
- Deciding How to Enter the Market
- Deciding on the Marketing Program
Internal Marketing
- Organizing the Marketing Department
- Relationships with Other Departments
- Building a Creative Marketing Organization
Socially Responsible Marketing
- Corporate Social Responsibility
- Sustainability
- Cause-Related Marketing
- Social Marketing
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