Definition of Marketing

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First in a series of marketing tools for entrepreneurs, marketing managers and anyone interested in marketing. The definition of marketing series is designed to provide hands-on information. Suggestions for future videos in this series are welcome. Enjoy.

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The Definition of Marketing : 

The Definition of Marketing Angela Hausman, PhD, http://hausmanmarketresearch.org

The Definition of Marketing : 

The Definition of Marketing What is Marketing Angela Hausman, PhD, http://hausmanmarketresearch.org

The Definition of Marketing : 

The Definition of Marketing What is Marketing and how its Definition Creates Strategies for Your Business Success Angela Hausman, PhD, http://hausmanmarketresearch.org

American Marketing Association Definition : 

American Marketing Association Definition Angela Hausman, PhD, http://hausmanmarketresearch.org

American Marketing Association Definition : 

American Marketing Association Definition Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Angela Hausman, PhD, http://hausmanmarketresearch.org

American Marketing Association Definition : 

American Marketing Association Definition Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing is NOT: advertising or selling. Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Creating Value Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Creating Value Consumers buy solutions not products Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Creating Value Consumers buy solutions not products Consumers buy the “Best Solution” Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Creating Value Consumers buy solutions not products Consumers buy the “Best Solution” Value is benefit - cost Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Advertising Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Advertising Promotions Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Advertising Promotions Word of mouth Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Advertising Promotions Word of mouth Public relations Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing? : 

What is Marketing? Communicating value Advertising Promotions Word of mouth Public relations Sales Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Distributing value Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Distributing value Product available where consumers search for them (place utility) Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Distributing value Product available where consumers search for them (place utility) Products in a form easily used by consumers (form utility) Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Distributing value Product available where consumers search for them (place utility) Products in a form easily used by consumers (form utility) Products available when consumers want them (time utility) Angela Hausman, PhD, http://hausmanmarketresearch.org

What is Marketing ? : 

What is Marketing ? Distributing value Product available where consumers search for them (place utility) Products in a form easily used by consumers (form utility) Products available when consumers want them (time utility) Products can be easily acquired through cash or financed (possession utility) Angela Hausman, PhD, http://hausmanmarketresearch.org

How can this help you succeed? : 

How can this help you succeed?

How can this help you succeed? : 

How can this help you succeed? Provide strategic direction for your business

How can this help you succeed? : 

How can this help you succeed? Provide strategic direction for your business What is your mission? To maximize the value provided to some segment.

How can this help you succeed? : 

How can this help you succeed? Provide strategic direction for your business What is your mission? To maximize the value provided to some segment. What should you focus on? Value

How can this help you succeed? : 

How can this help you succeed? Provide strategic direction for your business What is your mission? To maximize the value provided to some segment. What should you focus on? Value How to distribute assets? In a manner that creates value for at least 1 stakeholder.

How can this help you succeed? : 

How can this help you succeed? Provide strategic direction for your business What is your mission? To maximize the value provided to some segment. What should you focus on? Value How to distribute assets? In a manner that creates value for at least 1 stakeholder. All the money coming into a business comes from selling to consumers

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business?

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Everyone plays a part

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Everyone plays a part Accountants make sure bills are right and materials are available for sales to happen

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Everyone plays a part Accountants make sure bills are right and materials are available for sales to happen Finance managers make sure there’s cash flow to keep operations going

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Everyone plays a part Accountants make sure bills are right and materials are available for sales to happen Finance managers make sure there’s cash flow to keep operations going Managers make sure employees are happy – happy employees = happy customers

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Operations provide utilities to customers

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Operations provide utilities to customers IT – help communicate value and provide utilities to consumers

Who’s responsible for marketing in your business? : 

Who’s responsible for marketing in your business? Operations provide utilities to customers IT – help communicate value and provide utilities to consumers Research and Develop – keeps a steady stream of new solutions coming

More questions? : 

More questions? Check out other videos in The Definition of Marketing video glossary series See the definition of essential marketing terms and phrases at: http://www.MarketingThatWorks.TV