Lecture Principles-of-Marketing C2
Lecture Principles-of-Marketing C2
1
2.1. Marketing Strategy and Marketing Mix
Marketing strategy: the marketing logic by which the company
hopes to create customer value and achieve these profitable
relationships.
4
Marketing Mix
The set of tactical marketing tools—product, price, place, and promotion (4Ps)—
that the firm blends to produce the response it wants in the target market.
5
6
2.2. Intergrated Marketing Mix
7
4Ps of the Marketing Mix
8
• Acceptability is the extent to which the
product exceeds customer expectations
• Affordability the extent to which
customers are willing and able to pay the
product’s price
• Accessibility the extent to which
customers can readily acquire the product
• Awareness the extent to which
customers are informed about the
product’s features, persuaded to try it, and
reminded to repurchase
9
Transforming: from 4Ps to 7Ps
10
4Cs
11
2.3. Managing Marketing Effort
12
Marketing Analysis: SWOT
13
Main components
of a marketing plan
1. Executive summary
2. Current marketing situation
3. Threats and opportunities
4. Objectives
5. Marketing strategies
6. Action programs
7. Budgets
8. Controls
14