Value and long term well being and sustainability Tangible and Intangible Value Business Values Shareholder Value Customer Value Employee Knowledge Channel partner Value CREATING VALUE SETTING PRODUCT STRATEGY
Product- most important element of the mix
Five levels of the product -Core benefit, Basic Product, Expected Product, Augmented Product, Potential Product Types of Products- durable, non-durable, services Product Design Packaging Product Mix DESIGNING AND MANAGING SERVICES Service- intangible, without ownership, inseparable, variable and perishable Difference between product and service marketing Internal and external marketing Superior Service Delivery Postpurchase Service INTRODUCING NEW MARKET OFFERINGS Segmentation, Targeting, Positioning Effective Organisation for managing development process Eight stages of New Product Development Customer Adoption Process DEVELOPING PRICING STRATEGIES AND PROGRAMS Importance of Price in the Marketing Mix Six step Pricing strategy Strategies- Geographical pricing Price discounts and allowances Promotional pricing Discriminatory pricing Competitive pricing COMMUNICATING VALUE COMMUNICATING VALUE
Designing and Managing Integrating Marketing Communications
Managing Mass Couumincations Advertising Sales Promotions Events and Experiences Public Relations Digital Communications Online Social Media Mobile COMMUNICATING VALUE
Personal Communication- word of mouth
Direct mail, catalog marketing, telemarketing Sales Force Designing Compensation Motivation
Principle of Personal Selling
DELIVERING VALUE Integrated Marketing Channels
Networks Channels Conflict and Cooperation Managing retailing, wholesaling and logistics THANK YOU