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NU Courses - MKTG 307-Lecture 1 - 2
NU Courses - MKTG 307-Lecture 1 - 2
2
COURSE OVERVIEW
This course studies:
3
INTRODUCTION
Marketing is :
The study and management of exchange relationships
(Hunt, 1976; Bagozzi, 1957)
4
INTRODUCTION
Market Orientation is defined as process of
market intelligence generation on the
current and future needs of customers,
distribution of that intelligence in various
departments and responsiveness throughout
the organization (Kohli & Jaworski, 1990).
➔ Customer Orientation
consists a continuous understanding of the
needs of current and potential target customers
and the use of this knowledge (Narver & Slater,
1990). 5
MARKETING RESEARCH
Market Intelligence is the information relevant
to a company’s markets, gathered and analyzed
specifically for the purpose of accurate and
confident decision-making in determining
strategy in areas such as market
opportunity, market penetration strategy,
and market development (Cornish, 1997)
6
MARKETING RESEARCH
(1) The role of research in the marketing
process
(customer satisfaction)…
7
MARKETING RESEARCH
(1) The role of research in the marketing
process
STRATEGIC MARKETING
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MARKETING RESEARCH
STRATEGIC MARKETING
Strategic Marketing is the way a firm effectively
differentiates itself from its competitors by
capitalizing on its strengths to provide
consistently better value to customers than
its competitors.
DECIDE..
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MARKETING RESEARCH
EXAMPLES
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MARKETING RESEARCH
STRATEGIC MARKETING
MCDONALD’S
All over the word => the same menu (burger, fries, and
coke) and the same packaging.
The slogan « I’m lovin’ it » in several languages
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ADAPTED MARKETING MIX
Product
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ADAPTED MARKETING MIX
Price
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ADAPTED MARKETING MIX
Place
In France
Rich populations are concentrated in city centres while the
poorest are rather in the suburbs
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ADAPTED MARKETING MIX
Promotion
In France
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MARKETING RESEARCH
COMPETITIVENESS..
Increase Market Share
Overcoming a Competitive Threat…
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MARKETING RESEARCH
EXAMPLES
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MARKETING RESEARCH
Coca-Cola’s earnings have declined over the last five years from almost
$14 billion (EBITDA)* in 2013 to just under $9 billion in 2017, but it still
dwarfs Costa, which generated $312 million in EBITDA in its last fiscal
year.
➔ The soft drink giant ‘Coca-Cola’ redefined its portfolio to include less
sugary and more profitable drinks including water, alcohol, and now hot
drinks...
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MARKETING RESEARCH
STRATEGIC MARKETING
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MARKETING RESEARCH
STRATEGIC MARKETING
Examples
iPhone
-New features
-Continuous updating…
Examples
New mobile applications…
27
MARKETING RESEARCH
(1) The role of research in the marketing
process
(customer satisfaction)…
28
MARKETING RESEARCH
CUSTOMER INTELLIGENCE
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MARKETING RESEARCH
(1) The role of research in the marketing
process