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MANAGEMENT PROCESS
SYNOPSIS
Introduction The Process Market Research Market Segmentation Marketing Mix Implementation Control To Conclude
INTRODUCTION
Marketing:
Marketing deals with identifying and meeting human and social needs. Meeting Needs Profitably
Management:
Management is a process of achieving success despite difficulties.
Process:
A systematic completion of task leading to end results.
THE PROCESS
Segmentation Market Research Targeting Positioning Branding Product Price Place Promotion Marketing Mix Implementation Execution Quality Experience Monitor Evaluation Improve Control
Research
MARKET RESEARCH
Marketing research is the systematic and objective identification, collection, analysis, and dissemination of information for the purpose of assisting management in decision making.
B2B
Research
MARKET SEGMENTATION
Identify and profile distinct groups of buyers who might prefer or require varying products and marketing mixes. Positioning is the act of designing the organizations product and marketing mix to fit a given place in the consumers mind.
Targeting Positioning Branding
Marketing Mix
Product Price Place Promotion
Segmentation
MARKET MIX
Product Product Variety, Quality, Features, Options Price List Price, Discounts, Allowances, Payment Period Place Channels, Coverage, Locations, Inventory Promotion Advertising, Personal Selling, Sales Promotion, Public Relations
Implementation
Product Price Place Promotion Execution Quality Experience
Marketing Mix
IMPLEMENTATION
Resources
Profit Plan
Organizati onal
Budget
Control Execution Quality Experience Implementation
CONTROL
Evaluation of Strategic Planning System And Strategies:
Evaluating Criteria/Questions Evaluating Techniques
Co trol
TO CONCLUDE
SOURCES
Kotler, Philip - Marketing Insight From A To Z Kotler, Philip Marketing Management Millennium Edition www.whatis.com
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