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Chapter 1Marketing: Creating and Capturing Customer Value
Creating and Capturing Customer Value
What Is Marketing?
Understand the Marketplace and Customer Needs
Designing a Customer-Driven Marketing Strategy
Preparing an Integrated Marketing Plan and Program
Building Customer Relationships
Capturing Value from Customers
The Changing Marketing Landscape
Topic Outline
What Is Marketing?
Marketing is a process by which companies create value for customers and build strong customer relationships to capture value from customers in return
What Is Marketing?
The Marketing Process
Understanding the Marketplaceand Customer Needs
Customer Needs, Wants, and Demands
Understanding the Marketplaceand Customer Needs
Market offerings are some combination of products, services, information, or experiences offered to a market to satisfy a need or want
Marketing myopia is focusing only on existing wants and losing sight of underlying consumer needs
Understanding the Marketplaceand Customer Needs
Customer Value and Satisfaction
Expectations
Understanding the Marketplaceand Customer Needs
Exchange is the act of obtaining a desired object from someone by offering something in return
Understanding the Marketplaceand Customer Needs
Markets are the set of actual and potential buyers of a product
Designing a Customer-Driven Marketing Strategy
Marketing management is the art and science of choosing target markets and building profitable relationships with them
What customers will we serve?
How can we best serve these customers?
Designing a Customer-Driven Marketing Strategy
Market segmentation refers to dividing the markets into segments of customers
Target marketing refers to which segments to go after
Selecting Customers to Serve
Designing a Customer-Driven Marketing Strategy
Choosing a Value Proposition
Designing a Customer-Driven Marketing Strategy
Marketing Management Orient
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