Professional Documents
Culture Documents
field of marketing
Guest Lecture
Mulawarman University Indonesia
11 November 2021
Muhammad Kashif
Assistant Professor, GIFT University, Pakistan
Editor-in-chief, South Asian Journal of Marketing, Emerald Publishing
Email: kashif@gift.edu.pk
Lecture outline
• Defining marketing- making it understandable for business and society
- Activity
- Set of institutions
- Process
- Creating, delivering, and exchanging a Value for stakeholders
Pakwheels.com- understanding modern marketing
- People do not use - Outdoor games were - No soap for urban - Privacy
soap common children – an unserved
market - English-medium upper
- Water and dust is - Movies and sports class schools
regarded as sacred to celebrities were - High pester power of
clean hands discourse urban kids - High income groups
Fifth era?
• Exaggeration- over-admiration
• Affordability first (32% of consumers): Living within their means and budget, focusing
less on brands and more on product functionality.
• Health first (25%): Protecting their health and that of their family, choosing products
they trust to be safe and minimizing risks in the way that they shop.
• Planet first (16%): Trying to minimize their impact on environment and buying brands
that reflect their beliefs.
• Society first (15%): Working together for the greater good, buying from organizations
they find to be honest and transparent.
• Experience first (12%): Living in the moment to make the most of life, often making
them open to new products, brands, and experiences.
2. You are competing with your last
performance?
• You are competing with your competitors
• You are competing with your own performance- the last experience customers
had with your brand- but, how to?
• Companies should follow three strategies to ensure their experiences deliver their
customers’ rising expectations:
• Make brand scores a KPI for the full customer-facing organization, ideally using
real-time analytics as opposed to a snapshot looking backwards from a point in
time.
• Build the right data and technology foundation to support important use cases
throughout the customer journey.
• Align individual and collective goals across the customer journey so any
disconnects between functional silos like marketing, sales, and customer service
are invisible to your end consumer.
3. Customer expect you have EXACTLY what
they want
• Customer hope you have what they want
• Customers expect you have EXACTLY what they want- but how?
- Sustainability
- Trust
- Ethical sourcing –say NO to a taboo labor
- Responsible management –employee welfare
5. Make human connections
• Relationships with stakeholders matter most
• Brands –with a purpose different than the core business units become a victim of
incongruity from within- leading to failures
• Recently, Burger King put its long-standing rivalry with McDonald's aside and asked
people to order from its biggest competitor.
• Similarly, Nike announced that it was donating merchandise worth $5.5 million to
front-line healthcare workers. Other major brands, including Timberland, Reebok and
Adidas, donated to Sneakers for Heroes, an initiative to provide comfortable footwear
to healthcare workers.
Contemporary issues in marketing theory and research
Haenlein, M., Bitner, M. J., Kohli, A. K., Lemon, K. N., & Reibstein, D. J. (2021). Guest editorial: Responsible research in marketing.
Thank you